FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG) Form 10-Q — Aug 6, 2026

$FLGForm 10-QFiled Aug 6, 2026, 4:08 PM ET0000910073-26-000068Original filing

Flagstar Bank reported net income of $34 million, or $0.06 per diluted share, for the second quarter of 2026, up from $21 million in the first quarter and a swing from a $70 million loss in the year-ago quarter. For the first half of 2026, net income was $55 million versus a $170 million net loss in the first half of 2025. Credit quality improved markedly: non-accrual loans fell 6% to $2.8 billion (4.59% of loans), 30-to-89-day delinquencies dropped 63% to $368 million, and the allowance for credit losses declined to $869 million, or 1.42% of loans, from $1,030 million, or 1.70%, at year-end 2025.

Key figures

Eps: $0.06 diluted (Q2 2026); $0.08 diluted (six months ended June 30, 2026)
Net Income: $34 million Q2 2026; $55 million for six months ended June 30, 2026 vs net loss of $170 million in the prior-year six months
Total Debt: $10.9 billion borrowed funds (down from $12.2 billion at December 31, 2025), including $9.9 billion FHLB advances, $611 million junior subordinated debentures and $449 million subordinated notes
Total Assets: $87.7 billion at June 30, 2026
Cash Position: $5.18 billion cash, cash equivalents and restricted cash at June 30, 2026
Shares Outstanding: 415092836
Candi loans: $18.6 billion, up 22% from $15.2 billion at December 31, 2025
Total deposits: $67.5 billion at June 30, 2026, up $1.5 billion (2%) from December 31, 2025
Non accrual loans: $2.8 billion, 4.59% of loans HFI, down 6% from $2,975 million (4.90%) at December 31, 2025
Multi family loans: $26.9 billion, down $2.1 billion (7%), now 44.2% of loans HFI
Net interest income: $440 million Q2 2026 and $883 million six months 2026 vs $419 million and $829 million in prior-year periods
Stockholders equity: $8.1 billion at June 30, 2026
Buyback authorization: $250 million of common stock over 12 months, authorized July 2026
Net charge offs q2 2026: $100 million, 0.66% of average loans annualized
Loans 30 89 days past due: $368 million, down 63% from $986 million at December 31, 2025
Allowance for credit losses: $869 million, 1.42% of loans HFI, down from $1,030 million, 1.70%, at December 31, 2025
Non performing assets ratio: 3.20% of total assets
Provision for credit losses: $18 million Q2 2026 vs $64 million Q2 2025; $18 million for six months 2026 vs $143 million prior year

Price after filing

1 day: -1.5%7 days: +0.8%30 days: -4.5%

Close on the filing date to close N calendar days later (from $14.16). Historical, not a forecast.

AI analysis

Red flags7 · Pro

The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.

Upgrade to Pro · $49/mo billed annually

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.