Below are the financial statements of Flagstar Financial, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 |
|---|---|---|
| Assets | — | — |
| Cash and cash equivalents | 15,430a | 11,475a |
| Securities | — | — |
| Debt securities available-for-sale | 10,402a | 9,145a |
| Equity investments with readily determinable fair values, at fair value | 14a | 14a |
| Total securities | 10,416a | 9,159a |
| Loans held for sale | 899a | 1,182a |
| Loans and leases held for investment, net of deferred loan fees and costs | 68,272a | 84,619a |
| Less: Allowance for credit losses on loans and leases | -1,201a | -992a |
| Total loans and leases held for investment, net | 67,071a | 83,627a |
| Federal Home Loan Bank stock and Federal Reserve Bank stock, at cost | 1,146a | 1,392a |
| Premises and equipment, net | 562a | 652a |
| Core deposit and other intangibles | 488a | 625a |
| Mortgage servicing rights | 26a | 1,111a |
| Bank-owned life insurance | 1,605a | 1,580a |
| Other assets | 2,517a | 3,254a |
| Total assets | 100,160a | 114,057a |
| Deposits | — | — |
| Interest-bearing checking and money market accounts | 20,780a | 30,700a |
| Savings accounts | 14,282a | 8,773a |
| Certificates of deposit | 27,324a | 21,554a |
| Non-interest-bearing accounts | 13,484a | 20,499a |
| Total deposits | 75,870a | 81,526a |
| Borrowed funds | — | — |
| Wholesale borrowings | 13,400a | 20,250a |
| Junior subordinated debentures | 582a | 579a |
| Subordinated notes | 444a | 438a |
| Total borrowed funds | 14,426a | 21,267a |
| Liabilities and stockholders’ equity | — | — |
| Other liabilities | 1,696a | 2,897a |
| Total liabilities | 91,992a | 105,690a |
| Preferred stock - Series B | 1a | 0a |
| Stockholders’ equity | — | — |
| Preferred stock - Series A and D | 503a | 503a |
| Common stock | 4a | 2a |
| Paid-in capital in excess of par | 9,282a | 8,236a |
| (Accumulated deficit)/retained earnings | -763a | 443a |
| Treasury stock, at cost | -219a | -218a |
| Accumulated other comprehensive loss, net of tax | — | — |
| Net unrealized loss on securities available for sale | -653a | -581a |
| Net unrealized loss on pension and post-retirement obligations | -35a | -28a |
| Net unrealized gain on cash flow hedges | 48a | 10a |
| Total accumulated other comprehensive loss, net of tax | -640a | -599a |
| Total stockholders’ equity | 8,167a | 8,367a |
| Total liabilities, mezzanine and stockholders’ equity | 100,160a | 114,057a |
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