Flagstar Financial, Inc. 10-Q Filing

Ticker: FLG-PA · Form: 10-Q · Filed: Aug 7, 2025 · CIK: 910073

Flagstar Financial, Inc. 10-Q Filing Summary
FieldDetail
CompanyFlagstar Financial, Inc. (FLG-PA)
Form Type10-Q
Filed DateAug 7, 2025
Pages15
Reading Time18 min
Key Dollar Amounts$0.01, $1.05 billion, $92.2 billion, $64.4 billion, $69.7 billion
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 10-Q filing submitted by Flagstar Financial, Inc. (ticker: FLG-PA) to the SEC on Aug 7, 2025.

What are the key financial figures in this filing?

Key dollar amounts include: $0.01 (ange on which registered Common Stock, $0.01 par value per share FLG New York Stock); $1.05 billion (ant exercises related to our March 2024 $1.05 billion capital raise, the Flagstar Bancorp acq); $92.2 billion (York. At June 30, 2025, the Company had $92.2 billion of assets, $64.4 billion of loans, $69.); $64.4 billion (he Company had $92.2 billion of assets, $64.4 billion of loans, $69.7 billion of deposits, an); $69.7 billion (lion of assets, $64.4 billion of loans, $69.7 billion of deposits, and total stockholders' eq).

How long is this filing?

Flagstar Financial, Inc.'s 10-Q filing is 15 pages with approximately 4,446 words. Estimated reading time is 18 minutes.

Where can I view the full 10-Q filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 4,446 words · 18 min read · ~15 pages · Grade level 17.7 · Accepted 2025-08-07 16:10:51

Key Financial Figures

  • $0.01 — ange on which registered Common Stock, $0.01 par value per share FLG New York Stock
  • $1.05 billion — ant exercises related to our March 2024 $1.05 billion capital raise, the Flagstar Bancorp acq
  • $92.2 billion — York. At June 30, 2025, the Company had $92.2 billion of assets, $64.4 billion of loans, $69.
  • $64.4 billion — he Company had $92.2 billion of assets, $64.4 billion of loans, $69.7 billion of deposits, an
  • $69.7 billion — lion of assets, $64.4 billion of loans, $69.7 billion of deposits, and total stockholders' eq
  • $8.1 billion — sits, and total stockholders' equity of $8.1 billion. The Bank operates approximately 360
  • $70 million — une 30, 2025, we reported a net loss of $70 million compared to a net loss of $100 million
  • $100 million — f $70 million compared to a net loss of $100 million for the three months ended March 31, 20
  • $78 m — he three months ended June 30, 2025 was $78 million, or $0.19 per diluted share compa
  • $0.19 — ended June 30, 2025 was $78 million, or $0.19 per diluted share compared to a net los
  • $108 m — attributable to common stockholders of $108 million, or $0.26 per diluted share for t
  • $0.26 — common stockholders of $108 million, or $0.26 per diluted share for the three months
  • $170 million — une 30, 2025, we reported a net loss of $170 million compared to a net loss of $650 million
  • $650 million — $170 million compared to a net loss of $650 million for the six months ended June 30, 2024.
  • $186 m — the six months ended June 30, 2025 was $186 million, or $0.45 per diluted share compa

Filing Documents

– FINANCIAL INFORMATION

PART I. – FINANCIAL INFORMATION

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 7

Condensed Consolidated Financial Statements

Item 1. Condensed Consolidated Financial Statements Condensed Consolidated Statements of Condition (unaudited) 30 Condensed Consolidated Statements of (Loss) Income (unaudited) 31 Condensed Consolidated Statement of Comprehensive (Loss) Income (unaudited) 32 Condensed Consolidated Statements of Stockholders' Equity (unaudited) 33 Condensed Consolidated Statements of Cash Flows (unaudited) 35 Notes to the Condensed Consolidated Financial Statements (unaudited) Note 1 - Organization and Basis of Presentation 36 Note 2 - Earnings Per Common Share 36 Note 3 - Accumulated Other Comprehensive Loss 37 Note 4 - I nvestment Securities 39 Note 5 - Loans and Leases 42 Note 6 - Allowance for Credit Losses on Loans and Leases 49 Note 7 - Leases, Premises and Equipment 51 Note 8 - Variable Interest Entities 52 Note 9 - Borrowed Funds 52 Note 10 - Pension Benefits 55 Note 11 - Federal, State, and Local Taxes 55 Note 12 - Stock-Based Compensation 56 Note 13 - D erivative and Hedging Activities 57 Note 14 - I ntangible Assets 59 Note 15 - F air Value Measures 59 Note 16 - Mezzanine and Stockholders' Equity 65 Note 17 - Commitments and Contingencies 66 Note 18 - Segment Reporting 67

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 68

Controls and Procedures

Item 4. Controls and Procedures 68

– OTHER INFORMATION

PART II. – OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 71

Risk Factors

Item 1A. Risk Factors 72

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 73

Defaults upon Senior Securities

Item 3. Defaults upon Senior Securities 74

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 74

Other Information

Item 5. Other Information 74

Exhibits

Item 6. Exhibits 74

SIGNATURES

SIGNATURES 77 2 Table of Contents ABBREVIATIONS AND ACRONYMS The following list of abbreviations and acronyms are provided as a tool for the reader and may be used throughout this Report, including the Condensed Consolidated Financial Statements and Notes: Term Definition Term Definition ACL Allowance for Credit Losses Freddie Mac Federal Home Loan Mortgage Corporation ADC Acquisition, development, and construction loan GAAP U.S. generally accepted accounting principles ALCO Asset and Liability Management Committee GNMA Government National Mortgage Association AOCL Accumulated Other Comprehensive Loss GSE Government-sponsored enterprises BOLI Bank-owned life insurance HELOC Home Equity Line of Credit C&I Commercial and industrial loan HELOAN Home Equity Loan CDs Certificates of deposit HQLAs High-Quality Liquid Assets CFP Contingency Funding Plan LGG Loans with government guarantees CMOs Collateralized mortgage obligations MBS Mortgage-backed securities CRE Commercial real estate MSR Mortgage servicing rights DFA Dodd-Frank Wall Street Reform and Consumer Protection Act NII Net Interest Income DSCR Debt service coverage ratio NIM Net interest margin EPS Earnings per common share NVCE NonVoting Common Equivalent EVE Economic value of equity NYSE New York Stock Exchange EWI Early Warning Indicators OCC Office of the Comptroller of the Currency Fannie Mae Federal National Mortgage Association OREO Other real estate owned FDIC Federal Deposit Insurance Corporation PSUs Performance-Based Restricted Stock Units FHA Federal Housing Administration RSUs Restricted Stock Units FHLB Federal Home Loan Bank SEC U.S. Securities and Exchange Commission FOMC Federal Open Market Committee SOFR Secured Overnight Financing Rate FRB-NY Federal Reserve Bank of New York 3 Table of Contents For the purpose of this Quarterly Report on Form 10-Q, the words "Flagstar," "we," "us," "our," and the "Company" are used to refer to Flagstar F

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS GENERAL Background Flagstar Financial, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. We are headquartered in Hicksville, New York. At June 30, 2025, the Company had $92.2 billion of assets, $64.4 billion of loans, $69.7 billion of deposits, and total stockholders' equity of $8.1 billion. The Bank operates approximately 360 locations across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast. We operate in a single reportable segment and have identified one reporting unit which is the same as our operating segment. We continue to assess our reportable segments and reporting units, which may result in a change to either or both in future reporting periods. Please refer to Note 18 - Segment Reporting. Overview As part of our commitment to delivering long-term shareholder value and sustained value creation, we are executing a strategic transformation plan designed to evolve into a fully diversified bank with a strong balance sheet, a robust capital position and consistent earnings power. Our plan is guided by six strategic pillars: driving transformation and financial resilience, growing our core operations, executing a disciplined commercial banking and lending strategy, enhancing operational efficiency, developing talent and leadership and aligning regulatory and risk management. To support these pillars, we have established strategic priorities focused on transforming the Company into a top-tier relationship-driven regional bank, creating a customer-centric culture that prioritizes valuable relationships, and building an effective risk management mindset that supports safe and sound operations. Since initiating this plan in 2024, we have made measurabl

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