Flagstar Financial Inc

Common Name

Flagstar Financial

Country

United States

Sector

Financial Services

Industry

Banks - Regional

Employees

6,993

Ticker

FLG

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

ir.flagstar.com

Description

Flagstar Financial, Inc. operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-... Show more

Financial Statements of Flagstar Financial

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.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Interest income	—	—	—
Loans and leases	4,369^a	4,509^a	1,848^a
Securities and money market investments	1,584^a	982^a	244^a
Total interest income	5,953^a	5,491^a	2,092^a
Interest expense	—	—	—
Interest-bearing checking and money market accounts	-869^a	-943^a	-226^a
Savings accounts	-345^a	-169^a	-60^a
Certificates of deposit	-1,362^a	-646^a	-97^a
Borrowed funds	-1,225^a	-656^a	-313^a
Total interest expense	-3,801^a	-2,414^a	-696^a
Net interest income	2,152^a	3,077^a	1,396^a
Provision for credit losses	-1,092^a	-833^a	-133^a
Net interest income after provision for credit loan losses	1,060^a	2,244^a	1,263^a
Non-interest income	—	—	—
Fee income	150^a	172^a	27^a
Bank-owned life insurance	42^a	43^a	32^a
Net return on mortgage servicing rights	73^a	103^a	6^a
Net gain on loan sales and securitizations	48^a	89^a	5^a
Net gain on mortgage/servicing sale	89^a	0^a	0^a
Net loan administration income	2^a	82^a	3^a
Bargain purchase gain	-121^a	2,131^a	159^a
Other	117^a	67^a	15^a
Total non-interest income	400^a	2,687^a	247^a
Operating expenses	—	—	—
Compensation and benefits	-1,263^a	-1,149^a	-354^a
FDIC insurance	-313^a	-126^a	0^a
Occupancy and equipment	-211^a	-200^a	-92^a
General and administrative	-809^a	-624^a	-158^a
Total operating expense	-2,596^a	-2,099^a	-604^a
Non-interest expense	—	—	—
Intangible asset amortization	-136^a	-126^a	-5^a
Merger-related and restructuring expenses	-106^a	-330^a	-75^a
Goodwill impairment	0^a	-2,426^a	0^a
Total non-interest expense	-2,838^a	-4,981^a	-684^a
(Loss) income before income taxes	-1,378^a	-50^a	826^a
Income tax (benefit)/expense	-260^a	-29^a	-176^a
Net (loss) income	-1,118^a	-79^a	650^a
Preferred stock dividends	35^a	33^a	33^a
Net (loss) attributable / net income available to common stockholders	-1,153^a	-112^a	617^a

Verified Sources Behind Flagstar Financial’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Flagstar Financial’s data sources below and access millions more through our Disclosure Search.

a. Flagstar Financial's Annual Report 2024

Trace every data point back to Flagstar Financial’s disclosures

Sign up for Tracenable and access millions of corporate disclosures, including annual reports and sustainability filings from global companies, completely free of charge.

Real-Time & Standardized Financials

Access Standardized Financial Statements within Minutes of Disclosure

At Tracenable, we're exploring the launch of real-time standardized financial datafeeds and APIs covering global equities. Unlike limited and inconsistent XBRL parsing, our approach aims to deliver clean, comparable, and fully traceable data seconds after publication.

Could this solution support your investment or analytical workflows?

Explore Peer Companies

Welcome Back to Tracenable

Sign in to your account

Flagstar Financial Inc

Financial Statements of Flagstar Financial

Verified Sources Behind Flagstar Financial’s Financial Fundamentals Data

Access Standardized Financial Statements within Minutes of Disclosure

Explore Peer Companies

Associated Banc-Corp

WSFS Financial Corp

Banc of California Inc

Independent Bank Corp (Massachusetts)

Texas Capital Bancshares Inc

Prosperity Bancshares Inc