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.

Ticker: FLG
Exchange: NYSE
Sector: Financial Services
Industry: Banks - Regional
Market cap: $4.21B
52-week range: $9.93 - $15.44

Valuation

Share price: $10.52 (close of Nov 6, 2026)
P/E (TTM): 65.75x
Price to book: 0.55x
Price to free cash flow: -49.01x
Enterprise value: $11.46B
Book value per share: $19.08

Price performance

Period	Change
1 day	-0.75%
5 days	+0.10%
1 month	-9.00%
3 months	-25.71%
6 months	-26.84%
Year to date	-16.44%
1 year	-3.49%
3 years	-63.77%
5 years	-71.70%
10 years	-74.57%
All time	+195.87%

Short interest

As of: Oct 15, 2026
Short % of float: 16.02%
Shares short: 45.70M
Days to cover: 7.90
Change since prior report: -2.99%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: -2.17%
Return on assets: -0.20%
Net margin: -8.58%
Revenue growth: -19.20%

Cash flow and balance sheet

Free cash flow yield (TTM): -2.04%
Net debt to EBITDA: 2.93x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $2.06B
Net income: -$177.00M
Earnings per share: $-0.50
Interest expense: $2.75B
Shares outstanding: 415.33M

Income statement by year

Period end	Revenue	Net income	EPS
2025-12-31	$2.06B	-$177.00M	-$0.50
2024-12-31	$2.55B	-$1.12B	-$3.49
2023-12-31	$5.76B	-$79.00M	-$0.49
2022-12-31	$1.64B	$650.00M	$3.78
2021-12-31	$1.35B	$596.00M	$3.60
2020-12-31	$1.16B	$511.00M	$3.06
2019-12-31	$1.04B	$395.00M	$2.31
2018-12-31	$1.12B	$422.42M	$2.37
2017-12-31	$1.35B	$466.20M	$2.70
2016-12-31	$1.43B	$495.40M	$3.03

Margins and returns by year

Period end	Net margin	Return on equity
2025-12-31	-8.58%	-2.17%
2024-12-31	-43.81%	-13.69%
2023-12-31	-1.37%	-0.94%
2022-12-31	39.56%	7.37%
2021-12-31	44.15%	8.46%
2020-12-31	44.01%	7.47%
2019-12-31	37.94%	5.88%
2018-12-31	37.63%	6.35%
2017-12-31	34.61%	6.86%
2016-12-31	34.57%	8.09%

Cash and debt by year

Period end	Cash	Debt
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	$295.07M
2018-12-31	$1.48B	$294.70M
2017-12-31	$2.53B	-
2016-12-31	$557.85M	-

Free cash flow by year

Period end	Free cash flow	Stock-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	$286.00M	$31.00M
2020-12-31	$335.00M	$29.00M
2019-12-31	$519.00M	$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: Sep 4, 2026
Paid in the last twelve months: $0.04

Payment date	Dividend 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

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-10-23	Sep 2026	$0.06
2026-07-24	Jun 2026	$0.06
2026-04-24	Mar 2026	$0.03
2026-01-30	Dec 2025	$0.02
2025-10-24	Sep 2025	-$0.06
2025-07-25	Jun 2025	-$0.12
2025-04-25	Mar 2025	-$0.26
2025-01-30	Dec 2024	-$0.50

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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