FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG) Company Report

Flagstar Bank N.A. reported an adjusted net loss of $0.07 per diluted share for Q3 2025, which significantly narrowed compared to the second quarter.
The company achieved strong C&I business performance, with $1.7 billion in new loan originations and $448 million in net loan growth in the C&I portfolio during Q3 2025.
Net interest margin expanded for the third consecutive quarter, increasing 10 basis points to 1.91%, while operating expenses were reduced by $800 million on an annualized basis year-over-year.
Credit quality improved, with criticized and classified assets declining $600 million or 5% on a linked-quarter basis and $2.8 billion or 20% year-to-date.
Flagstar Financial updated its 2025 adjusted diluted EPS forecast to a range of minus $0.36 to minus $0.41 per diluted share and expects the balance sheet to grow from a Q4 2025 low of $90-$91 billion to $108-$109 billion by the end of 2027.

Oct 24, 2025, 12:00 PM

Transcript

Flagstar Reports Q3 2025 Net Loss, NIM Expansion, and Provides 2025 EPS Guidance

FLG

Earnings

Guidance Update

Legal Proceedings

Flagstar reported a net loss attributable to common stockholders of $0.11 per diluted share and an adjusted net loss of €0.07 per diluted share for Q3 2025.
The company achieved net interest margin (NIM) expansion of 10 basis points quarter-over-quarter, reaching 1.91% in Q3 2025, and maintained a strong CET1 capital ratio of 12.45%.
Non-interest expenses declined by €3,000,000 in Q3 2025, contributing to a 30% year-over-year reduction, and the company paid off an additional €2,000,000,000 of high-cost brokered deposits.
Flagstar experienced net C&I loan growth of approximately €450,000,000 in Q3 2025 and anticipates funding €1,750,000,000 to €2,000,000,000 in C&I loans per quarter going forward. Criticized and classified loans decreased by about €600,000,000 during the quarter.
The full-year 2025 adjusted diluted EPS is forecasted to be in the range of minus €0.36 to minus €0.41 per diluted share. Total assets are projected to be €90,000,000,000 to €91,000,000,000 by the end of 2025, growing to approximately €108,000,000,000 to €109,000,000,000 by 2027.

Oct 24, 2025, 12:00 PM

Transcript

Flagstar Bank N.A. Reports Q3 2025 Results with Narrowed Loss and Strong C&I Growth

FLG

Earnings

Guidance Update

Revenue Acceleration/Inflection

Flagstar Bank N.A. reported an adjusted net loss of $0.07 per diluted share for Q3 2025, a substantial narrowing compared to the second quarter, and its net interest margin expanded for the third consecutive quarter, increasing 10 basis points to 1.91%.
The company achieved significant C&I business growth in Q3 2025, with $1.7 billion in new loan originations and $448 million in overall net loan growth, driven by specialized industries and corporate and regional commercial banking.
Operating expenses were down $800 million on an annualized basis year-over-year, and credit quality improved with criticized and classified assets declining $600 million (5%) on a linked-quarter basis.
Flagstar updated its full-year 2025 adjusted diluted EPS guidance to a range of minus $0.36 to minus $0.41 per diluted share and expects total assets to reach a low point of $90 to $91 billion in Q4 2025, growing to approximately $108-109 billion by 2027.

Oct 24, 2025, 12:00 PM

Transcript

Flagstar Bank N.A. Reports Narrowed Q3 2025 Net Loss and Strong C&I Loan Growth

FLG

Earnings

Guidance Update

Revenue Acceleration/Inflection

Flagstar Bank N.A. reported an adjusted net loss of $0.07 per diluted share for Q3 2025, a significant improvement from the prior quarter, with its net interest margin expanding 10 basis points to 1.91%.
The company saw a breakout quarter in its Commercial & Industrial (C&I) business, originating $1.7 billion in new loans and achieving $448 million in net loan growth. Future C&I originations are projected to be between $1.7 billion and $2.2 billion per quarter.
Operating expenses were reduced by $800 million on an annualized basis year-over-year, and criticized and classified assets declined by $600 million (5%) on a linked-quarter basis.
Flagstar anticipates total assets to be $90 billion-$91 billion by Q4 2025, growing to $96 billion-$97 billion by the end of 2026 and $108 billion-$109 billion by the end of 2027.
The full-year 2025 adjusted diluted EPS guidance is set in the range of minus $0.36 to minus $0.41 per diluted share.

Oct 24, 2025, 12:00 PM

Transcript

Flagstar Bank Reports Q3 2025 Results with C&I Growth and Positive Outlook

FLG

Earnings

Guidance Update

Revenue Acceleration/Inflection

Flagstar Bank reported a growth in Commercial & Industrial (C&I) loans by $448 million, or 3% quarter-over-quarter, marking the first net C&I growth since Q4 2023.
The company continued its proactive management of the Commercial Real Estate (CRE) portfolio, with multi-family and CRE par payoffs totaling $1.3 billion in Q3 2025, and total CRE balances decreasing 20% from $47.7 billion on December 31, 2023, to $38.2 billion on September 30, 2025.
For Q3 2025, Flagstar Bank reported an adjusted diluted earnings per common share of $(0.07), and management expects the bank to return to profitability in Q4 2025.
The bank provided updated guidance, projecting adjusted diluted EPS of $0.75 - $0.80 for FY2026 and $2.10 - $2.20 for FY2027, alongside a strong Common Equity Tier 1 (CET1) ratio of 12.45% as of September 30, 2025.

Oct 24, 2025, 10:03 AM

8-K

Flagstar Bank, N.A. Reports Third Quarter 2025 Net Loss and Improved Operating Trends

FLG

Earnings

M&A

Legal Proceedings

Flagstar Bank, N.A. reported a net loss attributable to common stockholders of $0.11 per diluted share for the third quarter of 2025, and an adjusted net loss attributable to common stockholders of $0.07 per diluted share. This represents a 44% improvement from Q2 2025 and an 86% improvement from Q3 2024 on a GAAP basis.
The company's Net Interest Margin (NIM) improved for the third consecutive quarter, increasing 10 basis points quarter-over-quarter to 1.91% in Q3 2025.
Commercial & Industrial (C&I) loans increased $448 million or 3% from the prior quarter, with new loan originations rising 41% or $1.7 billion and new commitments growing 26% or $2.4 billion.
Operating expenses remained well controlled, with adjusted operating expenses decreasing 1% compared to the prior quarter and approximately 30% on an adjusted annualized basis year-over-year.
The provision for credit losses decreased 41% compared to the prior quarter, and net charge-offs decreased 38%, indicating signs of credit quality stabilization.

Oct 24, 2025, 10:02 AM

8-K

Flagstar Bank, N.A. Reports Third Quarter 2025 Financial Results

FLG

Earnings

Flagstar Bank, N.A. reported a net loss attributable to common stockholders of $45 million, or $0.11 per diluted share, for the third quarter of 2025, which is an 86% improvement compared to the third quarter of 2024.
On an adjusted basis, the net loss attributable to common stockholders for Q3 2025 was $31 million, or $0.07 per diluted share, representing a 50% quarter-over-quarter improvement.
The company's Net Interest Margin (NIM) improved for the third consecutive quarter, increasing 10 basis points quarter-over-quarter to 1.91% in Q3 2025.
Commercial & Industrial (C&I) loans increased by $448 million or 3% from the prior quarter, with new loan originations rising 41% or $1.7 billion.
Operating expenses on an adjusted basis were down 1% quarter-over-quarter and approximately 30% year-over-year. The company also completed its holding company reorganization on October 17, 2025.

Oct 24, 2025, 10:00 AM

Press Release

Flagstar Bank, N.A. Completes Holding Company Reorganization

FLG

M&A

Debt Issuance

Flagstar Bank, N.A. completed its holding company reorganization on October 17, 2025, with Flagstar Financial Inc. merging into Flagstar Bank, N.A., which is now the surviving public company.
The reorganization is intended to simplify the corporate structure, reduce regulatory burden, and lower operating expenses.
Effective October 20, 2025, the Bank's common stock will begin trading on the New York Stock Exchange under the name Flagstar Bank, National Association, continuing to use the "FLG" ticker symbol.
As of June 30, 2025, the former holding company, Flagstar Financial, Inc., had $92.2 billion of assets, $64.4 billion of loans, $69.7 billion of deposits, and $8.1 billion of total stockholders' equity.
Flagstar Bank, N.A. has assumed the obligations for various notes and junior subordinated debentures previously held by Flagstar Financial, Inc..

Oct 20, 2025, 5:11 PM

8-K

Flagstar Bank, N.A. Completes Holding Company Reorganization

FLG

M&A

Flagstar Bank, N.A. announced the completion of its holding company reorganization, effective October 17, 2025.
As part of the reorganization, Flagstar Financial Inc. merged into its wholly owned subsidiary, Flagstar Bank, N.A., with Flagstar Bank, N.A. now the surviving entity and public company.
The reorganization aims to simplify the corporate structure, reduce regulatory burden, and lower operating expenses.
Beginning October 20, 2025, the Bank's common stock will trade on the New York Stock Exchange under the name Flagstar Bank, National Association, continuing to use its current ticker symbol "FLG".
As of June 30, 2025, the former holding company, Flagstar Financial, Inc., had $92.2 billion of assets, $64.4 billion of loans, $69.7 billion of deposits, and $8.1 billion of total stockholders' equity.

Oct 17, 2025, 11:44 PM

Press Release

Flagstar Financial Shareholders Approve Merger and Conversion

FLG

M&A

Proxy Vote Outcomes

Flagstar Financial, Inc. shareholders held a special meeting on October 15, 2025, where they approved an internal corporate reorganization.
The reorganization involves the Company merging with its wholly-owned bank subsidiary, Flagstar Bank, N.A., with the Bank continuing as the surviving entity.
Shareholders also approved the conversion of the Company into an interim federal savings association, to be named Flagstar Financial, Federal Savings Association, immediately prior to the merger.
For the Merger Proposal, 323,484,538 shares were voted for, and for the Conversion Proposal, 323,457,796 shares were voted for.

Oct 16, 2025, 7:49 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for FLAGSTAR BANK, NATIONAL ASSOCIATION.

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