FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG) Form 8-K — Oct 23, 2026
Flagstar Bank, N.A. (NYSE: FLG) reported third quarter 2026 net income of $12 million, or $0.01 per diluted share, down from $0.06 in the prior quarter, as the provision for credit losses jumped $58 million to $76 million on higher interest rates and stress in the NYC rent-regulated multi-family portfolio. Operating fundamentals improved: net interest income rose 5% to $460 million, net interest margin expanded 4 basis points to 2.17%, C&I loans grew $2.0 billion or 11%, and CRE concentration improved to 346%. The bank completed a $250 million buyback in early October and holds a 12.38% CET1 ratio with $1.2 billion of excess capital.
Key figures
- Eps
- 0.01
- Revenue
- 530000000
- Guidance
- 2027 objectives shifted to 2028; FY2026 net income guidance $85-95M, 2027 $400-500M (prior $800-900M), 2028 $800-900M; 2027 adjusted EPS $0.85-0.95 (prior $1.60-1.70)
- Total ACL
- 927000000
- Cet1 Ratio
- 12.38%
- Net Income
- 12000000
- Total Loans
- 61945000000
- Total Assets
- 87412000000
- Total Deposits
- 67820000000
- Non Accrual Loans
- 2817000000
- Book Value Per Share
- 17.82
- Net Charge Off Ratio
- 0.49%
- Net Interest Income
- 460000000
- Net Interest Margin
- 2.17%
- Cre Concentration Ratio
- 346%
- Provision For Credit Losses
- 76000000
- Tangible Book Value Per Share
- 17.05
AI analysis
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