Flagstar Bank, National Association (FLG)

Flagstar Bank, National Association provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, and non-interest-bearing accounts, as well as certificates of deposit. It offers loan products comprising multi-family loans; commercial real estate loans; acquisition, development, and construction loans; commercial and industrial loans; one-to-four family loans; specialty finance loans and leases; warehouse loans; and home equity lines of credit, as well as other consumer loans, including overdraft loans. The company offers non-deposit investment and insurance products; and online and mobile banking services. It primarily serves individuals, small and mid-size businesses, and professional associations. The company was formerly known as Flagstar Financial, Inc. Flagstar Bank, National Association was founded in 1859 and is headquartered in Hicksville, New York.

Symbol
FLG
Exchange
NYSE
Sector
Financial Services
Industry
Banks - Regional
Market cap
$5.18B
52 week range
10.57 - 15.44

Valuation

Share price
$12.30 (close of 2026-09-23)
P/E (TTM)
310.75x
Price to book
0.64x
Price to free cash flow
32.00x
Enterprise value
$10.94B
Book value per share
$19.52

Price performance

PeriodChange
1 day-2.30%
5 days-4.21%
1 month-8.69%
3 months-18.16%
6 months-2.61%
Year to date-2.30%
1 year+5.40%
3 years-63.16%
5 years-67.64%
10 years-72.24%
All time+245.51%

Profitability and growth

Return on equity
-2.17%
Return on assets
-0.20%
Net margin
-3.96%
EBITDA margin
60.34%
Revenue growth
-24.98%
Net income growth
84.17%
Free cash flow growth
-310.47%

Cash flow and balance sheet

Free cash flow yield (TTM)
3.13%
Net debt to EBITDA
2.24x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$4.47B
EBITDA
$2.69B
Net income
$-177.00M
Earnings per share
$-0.50
Interest expense
$2.75B
Shares outstanding
415.33M

Income statement by year

Period endRevenueNet incomeEPS
2025-12-31$4.47B$-177.00M$-0.50
2024-12-31$5.95B$-1.12B$-3.49
2023-12-31$5.49B$-79.00M$-0.49
2022-12-31$27.00M$650.00M$3.78
2021-12-31$23.00M$596.00M$3.60
2020-12-31$22.00M$511.00M$3.06
2019-12-31$29.00M$395.00M$2.31
2018-12-31$29.77M$422.42M$2.37
2017-12-31$31.76M$466.20M$2.70
2016-12-31$32.66M$495.40M$3.03

Margins and returns by year

Period endNet marginReturn on equity
2025-12-31-3.96%-2.17%
2024-12-31-18.78%-13.69%
2023-12-31-1.44%-0.94%
2022-12-312407.41%7.37%
2021-12-312591.30%8.46%
2020-12-312322.73%7.47%
2019-12-311362.07%5.88%
2018-12-311419.17%6.35%
2017-12-311467.93%6.86%
2016-12-311516.61%8.09%

Cash and debt by year

Period endCashDebt
2025-12-31$5.98B$8.18B
2024-12-31$25.85B$11.68B
2023-12-31$20.63B$21.27B
2022-12-31$2.03B$21.33B
2021-12-31$2.21B-
2020-12-31$1.95B-
2019-12-31$742.00M-
2018-12-31$1.48B-
2017-12-31$2.53B-
2016-12-31$557.85M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$-181.00M$61.00M
2024-12-31$86.00M$54.00M
2023-12-31$263.00M$47.00M
2022-12-31$1.03B$29.00M
2021-12-31$290.00M$31.00M
2020-12-31$334.00M$29.00M
2019-12-31$510.00M$32.00M
2018-12-31$530.51M$36.26M
2017-12-31$1.30B$36.03M
2016-12-31$671.47M$32.66M

Dividend history

Most recent payment
2026-09-04
Paid in the last twelve months
$0.04
Payment dateDividend per share
2026-09-04$0.01
2026-06-05$0.01
2026-03-06$0.01
2025-12-05$0.01
2025-09-05$0.01
2025-06-06$0.01
2025-03-07$0.01
2024-12-06$0.01

Investor relations

Next earnings report

Next confirmed report
2026-10-23
Consensus EPS estimate
$0.09

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-24Jun/2026$0.06
2026-04-24--
2026-01-30--
2025-10-24--
2025-07-25--
2025-04-25--
2025-01-30--
2024-10-25--

Filings and sources

Company website
flagstar.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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