FLAGSTAR BANK REPORTS THIRD QUARTER 2026 NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $0.01 PER DILUTED SHARE
Flagstar Bank reported Q3 2026 net income attributable to common stockholders of $3 million, or $0.01 per diluted share, down from $0.06 in Q2 and versus a $0.11 loss a year ago. Net income of $12 million fell 65% linked-quarter despite 5% net interest income growth to $460 million and a 4bp margin expansion to 2.17%. Credit costs were the swing factor: the provision for credit losses more than quadrupled to $76 million, driven by higher rates and the impact of NYC rent regulation on the multi-family portfolio. Substandard and criticized-classified loans rose $670 million, while net charge-offs improved to 0.49% of average loans from 0.66%.
Key figures
- Eps
- 0.01
- Revenue
- 530000000
- Guidance
- Full realization of long-term strategic objectives shifted to 2028 from 2027 due to higher-for-longer rates
- Revenue Yoy
- 2%
- Ppnr
- 66000000
- Acl total
- 927000000
- Nco ratio
- 0.49%
- Cet1 ratio
- 12.38%
- Net income
- 12000000
- Total loans
- 61945000000
- Total assets
- 87412000000
- Adjusted ppnr
- 66000000
- Excess capital
- 1200000000
- Nii yoy growth
- 5%
- Total deposits
- 67820000000
- C i loan growth
- 11%
- Buyback completed
- 250000000
- Net income prev q
- 34000000
- Non accrual loans
- 2817000000
- Provision increase
- 58000000
- Net interest income
- 460000000
- Net interest margin
- 2.17%
- Book value per share
- 17.82
- Cre concentration ratio
- 346%
- Substandard loans increase
- 4%
- Provision for credit losses
- 76000000
- Tangible book value per share
- 17.05
AI analysis
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