FLAGSTAR BANK, NATIONAL ASSOCIATION's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters.
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Loans and leases | $3.3B | $4.4B | $4.5B | $1.8B |
| Securities and money market investments | $1.2B | $1.6B | $982.0M | $244.0M |
| Total interest income | $4.5B | $6.0B | $5.5B | $2.1B |
| Interest-bearing checking and money market accounts | $612.0M | $869.0M | $943.0M | $226.0M |
| Savings accounts | $442.0M | $345.0M | $169.0M | $60.0M |
| Certificates of deposit | $1.1B | $1.4B | $646.0M | $97.0M |
| Borrowed funds | $613.0M | $1.2B | $656.0M | $313.0M |
| Total interest expense | $2.7B | $3.8B | $2.4B | $696.0M |
| Net interest income | $1.7B | $2.2B | $3.1B | $1.4B |
| Provision for credit losses | $184.0M | $1.1B | $833.0M | $133.0M |
| Net interest income after provision for credit loan losses | $1.5B | $1.1B | $2.2B | $1.3B |
| Fee income | $89.0M | $150.0M | $172.0M | $27.0M |
| Bank-owned life insurance | $49.0M | $42.0M | $43.0M | $32.0M |
| Net gain on investment securities | $31.0M | — | ($1.0M) | — |
| Net return on mortgage servicing rights | $0 | $73.0M | $103.0M | $6.0M |
| Net gain on loan sales and securitizations | $32.0M | $48.0M | $89.0M | $5.0M |
| Net gain on mortgage/servicing sale | $0 | $89.0M | — | — |
| Net loan administration income | $6.0M | $2.0M | $82.0M | — |
| Bargain purchase gain | $0 | ($121.0M) | $2.1B | $159.0M |
| Other | $134.0M | $117.0M | $68.0M | $17.0M |
| Total non-interest income | $341.0M | $400.0M | $2.7B | $247.0M |
| Compensation and benefits | $976.0M | $1.3B | $1.1B | $354.0M |
| Occupancy and equipment | $202.0M | $211.0M | $200.0M | $92.0M |
| Software expense | $173.0M | — | — | — |
| FDIC insurance | $169.0M | $313.0M | — | — |
| Professional services | $86.0M | — | — | — |
| General and administrative | $307.0M | $809.0M | $750.0M | $158.0M |
| Total operating expense | $1.9B | $2.6B | $2.1B | — |
| Intangible asset amortization | $107.0M | $136.0M | $126.0M | $5.0M |
| Merger-related and restructuring expenses | $56.0M | $106.0M | $330.0M | $75.0M |
| Goodwill impairment | $0 | $0 | $2.4B | — |
| Total non-interest expense | $2.1B | $2.8B | $5.0B | $684.0M |
| (Loss) income before income taxes | ($198.0M) | ($1.4B) | ($50.0M) | $826.0M |
| Income tax (benefit)/expense | ($21.0M) | ($260.0M) | $29.0M | $176.0M |
| Net (loss) income | ($177.0M) | ($1.1B) | ($79.0M) | $650.0M |
| Preferred stock dividends | $33.0M | $35.0M | $33.0M | $33.0M |
| Net (loss) attributable / net income available to common stockholders | ($210.0M) | ($1.2B) | ($112.0M) | $617.0M |
| Basic (loss) earnings per common share (in usd per share) | -$0.50 | -$3.49 | -$0.16 | $1.26 |
| Diluted (loss) earnings per common share (in usd per share) | -$0.50 | -$3.49 | -$0.16 | $1.26 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Loans and leases | $751.0M | $754.0M | $819.0M | $840.0M |
| Securities and money market investments | $225.0M | $230.0M | $282.0M | $303.0M |
| Total interest income | $976.0M | $984.0M | $1.1B | $1.1B |
| Interest-bearing checking and money market accounts | $126.0M | $114.0M | $151.0M | $162.0M |
| Savings accounts | $97.0M | $101.0M | $113.0M | $110.0M |
| Certificates of deposit | $201.0M | $203.0M | $255.0M | $287.0M |
| Borrowed funds | $112.0M | $123.0M | $157.0M | $165.0M |
| Total interest expense | $536.0M | $541.0M | $676.0M | $724.0M |
| Net interest income | $440.0M | $443.0M | $425.0M | $419.0M |
| Provision for credit losses | $18.0M | $0 | $38.0M | $64.0M |
| Net interest income after provision for credit losses | $422.0M | $443.0M | $387.0M | $355.0M |
| Fee income | $26.0M | $23.0M | $23.0M | $22.0M |
| Bank-owned life insurance | $13.0M | $10.0M | $12.0M | $10.0M |
| Net gain (loss) on investment securities | $4.0M | ($9.0M) | $22.0M | — |
| Net gain on loan sales and securitizations | $4.0M | $5.0M | $5.0M | $6.0M |
| Net loan administration income | $1.0M | $0 | $0 | $1.0M |
| Other | $28.0M | $26.0M | $32.0M | $38.0M |
| Total non-interest income | $76.0M | $55.0M | $94.0M | $77.0M |
| Compensation and benefits | $220.0M | $228.0M | $242.0M | $237.0M |
| Occupancy and equipment | $46.0M | $50.0M | $47.0M | $53.0M |
| Software expense | $49.0M | $47.0M | — | — |
| FDIC insurance | $30.0M | $30.0M | $37.0M | $49.0M |
| Professional services | $19.0M | $22.0M | — | — |
| General and administrative | $63.0M | $64.0M | $153.0M | $133.0M |
| Total operating expense | $427.0M | $441.0M | $479.0M | $472.0M |
| Intangible asset amortization | $23.0M | $25.0M | $26.0M | $27.0M |
| Merger-related expense | $0 | $0 | $17.0M | $14.0M |
| Total non-interest expense | $450.0M | $466.0M | $522.0M | $513.0M |
| Income (loss) before income taxes | $48.0M | $32.0M | ($41.0M) | ($81.0M) |
| Income tax expense (benefit) | $14.0M | $11.0M | ($5.0M) | ($11.0M) |
| Net income (loss) | $34.0M | $21.0M | ($36.0M) | ($70.0M) |
| Preferred stock dividends | $8.0M | $8.0M | $9.0M | $8.0M |
| Net income (loss) attributable to common stockholders | $26.0M | $13.0M | ($45.0M) | ($78.0M) |
| Basic earnings (loss) per common share (in usd per share) | $0.06 | $0.03 | -$0.11 | -$0.19 |
| Diluted earnings (loss) per common share (in usd per share) | $0.06 | $0.03 | -$0.11 | -$0.19 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and due from banks | $553.0M | — | — | — |
| Interest-earning deposits and other securities with financial institutions | $5.3B | — | — | — |
| Debt securities available-for-sale | $15.7B | $10.4B | $9.1B | — |
| Equity investments with readily determinable fair values, at fair value | $65.0M | $14.0M | $14.0M | $14.0M |
| Loans held for sale | $265.0M | $899.0M | $1.2B | — |
| Loans and leases held for investment, net of deferred loan fees and costs | $60.7B | $68.3B | $84.6B | $69.0B |
| Less: Allowance for credit losses on loans and leases | ($1.0B) | ($1.2B) | ($992.0M) | ($393.0M) |
| Total loans and leases held for investment, net | $59.7B | $67.1B | $83.6B | $68.6B |
| Premises and equipment, net | $477.0M | $562.0M | $652.0M | $491.0M |
| Core deposit and other intangibles | $381.0M | $488.0M | $625.0M | $287.0M |
| Other assets | $5.0B | $2.5B | $3.3B | $2.3B |
| Total assets | $87.5B | $100.2B | $114.1B | $90.1B |
| Interest-bearing checking and money market accounts | $18.2B | $20.8B | $30.7B | $22.5B |
| Savings accounts | $14.9B | $14.3B | $8.8B | $11.6B |
| Certificates of deposit | $20.8B | $27.3B | $21.6B | $12.5B |
| Non-interest-bearing accounts | $12.1B | $13.5B | $20.5B | $12.1B |
| Total deposits | $66.0B | $75.9B | $81.5B | $58.7B |
| Borrowed Funds | $12.2B | — | — | — |
| Other liabilities | $1.2B | $1.7B | $2.9B | $1.3B |
| Total liabilities | $79.4B | $92.0B | $105.7B | $81.3B |
| Preferred stock - Series B | $1.0M | $1.0M | — | — |
| Preferred stock - Series A and D | $503.0M | $503.0M | $503.0M | $503.0M |
| Common stock at par 0.01 (916,666,666 and 666,666,666 shares authorized; 422,931,277 and 422,416,178 shares issued; and 415,982,036 and 414,934,628 shares outstanding, respectively) | 4.0M | 4.0M | 7.0M | 7.0M |
| Paid-in capital in excess of par | $9.3B | $9.3B | $8.2B | $8.1B |
| Accumulated deficit | ($988.0M) | ($763.0M) | $443.0M | $1.0B |
| Treasury stock, at cost (6,949,241 and 7,481,550 shares, respectively) | -190.0M | -219.0M | -218.0M | — |
| Accumulated other comprehensive loss, net of tax: | ($489.0M) | ($640.0M) | ($599.0M) | ($620.0M) |
| Total stockholders’ equity | $8.1B | $8.2B | $8.4B | $8.8B |
| Total liabilities, mezzanine and stockholders’ equity | $87.5B | $100.2B | $114.1B | $90.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and due from banks | $416.0M | $401.0M | — | — |
| Interest-earning deposits and other securities with financial institutions | $4.7B | $6.6B | — | — |
| Debt securities available-for-sale | $16.6B | $14.5B | $15.1B | $14.8B |
| Equity investments with readily determinable fair values, at fair value | $14.0M | $56.0M | $55.0M | $14.0M |
| Loans held for sale | $208.0M | $233.0M | $535.0M | $319.0M |
| Loans and leases held for investment, net of deferred loan fees and costs | $61.0B | $60.4B | $62.7B | $64.1B |
| Less: Allowance for credit losses on loans and leases | ($869.0M) | ($954.0M) | ($1.1B) | ($1.1B) |
| Total loans and leases held for investment, net | $60.1B | $59.5B | $61.6B | $63.0B |
| Premises and equipment, net | $472.0M | $474.0M | $464.0M | $474.0M |
| Core deposit and other intangibles | $333.0M | $356.0M | $407.0M | $433.0M |
| Other assets | $4.9B | $5.0B | $2.4B | $2.4B |
| Total assets | $87.7B | $87.1B | $91.7B | $92.2B |
| Interest-bearing checking and money market accounts | $20.5B | $19.3B | $20.0B | $19.1B |
| Savings accounts | $14.8B | $15.0B | $14.8B | $14.5B |
| Certificates of deposit | $20.5B | $20.7B | $22.4B | $24.2B |
| Non-interest-bearing accounts | $11.7B | $11.8B | $12.0B | $12.0B |
| Total deposits | $67.5B | $66.8B | $69.2B | $69.7B |
| Borrowed funds | $10.9B | $11.2B | — | — |
| Other liabilities | $1.1B | $990.0M | $1.2B | $1.2B |
| Total liabilities | $79.6B | $79.0B | $83.6B | $84.1B |
| Preferred stock - Series B | $1.0M | $1.0M | $1.0M | $1.0M |
| Preferred stock - Series A and D | $503.0M | $503.0M | $503.0M | $503.0M |
| Common stock at par $0.01 (916,666,666 and 916,666,666 shares authorized; 423,370,093 and 422,931,277 shares issued; and 417,018,972 and 415,982,036 shares outstanding, respectively) | 4.0M | 4.0M | 4.0M | 4.0M |
| Paid-in capital in excess of par | $9.3B | $9.3B | $9.3B | $9.3B |
| Accumulated deficit | ($958.0M) | ($980.0M) | ($1.0B) | ($957.0M) |
| Treasury stock, at cost (6,351,121 and 6,949,241 shares, respectively) | -161.0M | -167.0M | -198.0M | -204.0M |
| Accumulated other comprehensive loss, net of tax | ($547.0M) | ($528.0M) | ($495.0M) | ($542.0M) |
| Total stockholders’ equity | $8.1B | $8.1B | $8.1B | $8.1B |
| Total liabilities, mezzanine and stockholders’ equity | $87.7B | $87.1B | $91.7B | $92.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net (loss) income | ($177.0M) | ($1.1B) | ($79.0M) | — |
| Provision for credit losses | $184.0M | $1.1B | $833.0M | $133.0M |
| Depreciation and amortization | $148.0M | — | — | — |
| Loss (gain) on business acquisition | $0 | $121.0M | — | — |
| Goodwill impairment | $0 | $0 | $2.4B | — |
| Stock-based compensation | $61.0M | $54.0M | $47.0M | $29.0M |
| Deferred tax benefit | ($63.0M) | ($411.0M) | ($187.0M) | ($3.0M) |
| Other operating activities, net | ($250.0M) | — | — | — |
| Decrease (increase) in other assets | $171.0M | $282.0M | ($721.0M) | $348.0M |
| Decrease in other liabilities | ($608.0M) | ($769.0M) | ($255.0M) | ($100.0M) |
| Change in loans held for sale, net | $353.0M | $530.0M | $32.0M | $147.0M |
| Net cash (used in) provided by operating activities | ($181.0M) | $86.0M | $263.0M | $1.0B |
| Proceeds from repayment of securities available-for-sale | $2.5B | $2.1B | $1.4B | $732.0M |
| Proceeds from sales of securities available-for-sale including loans that have been securitized | $95.0M | $373.0M | $1.9B | — |
| Purchases of securities available-for-sale | ($7.7B) | ($3.4B) | ($3.0B) | ($2.2B) |
| Redemption of Federal Home Loan Bank stock | $222.0M | $436.0M | $1.5B | $635.0M |
| Purchases of Federal Home Loan Bank and Federal Reserve Bank stock | ($49.0M) | ($190.0M) | ($1.6B) | ($839.0M) |
| Net proceeds from sales of MSRs | $0 | $1.4B | $50.0M | — |
| Other changes in loans, net | $7.6B | $14.8B | $4.3B | ($5.0B) |
| Purchases of premises and equipment, net | ($67.0M) | ($36.0M) | ($66.0M) | — |
| Other investing activities, net | $19.0M | — | — | — |
| Cash acquired in business acquisition | $0 | $0 | $24.9B | $331.0M |
| Net cash provided by investing activities | $2.7B | $15.5B | $20.7B | ($6.3B) |
| Net decrease in deposits | ($9.9B) | ($5.7B) | ($10.7B) | $7.7B |
| Net increase (decrease) in short-term advances | $250.0M | ($4.3B) | ($550.0M) | $2.5B |
| Proceeds from long-term debt issuances/advances | $4.0B | $28.2B | $19.9B | $9.5B |
| Repayments of long-term debt issuances/advances | ($6.5B) | ($30.8B) | ($19.4B) | ($14.0B) |
| Cash dividends paid on common stock | ($15.0M) | ($53.0M) | ($486.0M) | ($317.0M) |
| Cash dividends paid on preferred stock | ($33.0M) | ($35.0M) | ($33.0M) | ($33.0M) |
| Proceeds from common stock issued, net | $0 | $1.0B | — | — |
| Other financing activities, net | $80.0M | — | — | — |
| Net cash used in financing activities | ($12.1B) | ($11.6B) | ($11.4B) | $5.2B |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | ($9.6B) | $4.0B | $9.5B | — |
| Cash, cash equivalents, and restricted cash at beginning of year | $15.6B | $11.6B | $2.1B | $2.2B |
| Cash, cash equivalents, and restricted cash at end of year | $6.0B | — | — | $2.1B |
| Cash paid for interest | $2.9B | $3.7B | $2.3B | $657.0M |
| Securitization of loans to mortgage-backed securities available-for-sale | $0 | $267.0M | $222.0M | — |
| Transfer of loans from held for investment to held for sale | $347.0M | $8.6B | $163.0M | — |
| Transfer of loans from held for sale to held for investment | $33.0M | $0 | $0 | — |
| Shares issued for restricted stock awards | 40.0M | 10.0M | 31.0M | 33.0M |
| Fair value of tangible assets acquired | $0 | $0 | $37.4B | $24.4B |
| Intangible assets | $0 | $0 | $464.0M | $292.0M |
| Liabilities assumed | $0 | $0 | $35.6B | $23.6B |
| Issuance of FDIC Equity appreciation instrument | $0 | $0 | $85.0M | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | $55.0M | $21.0M | ($206.0M) | ($170.0M) |
| Provision for credit losses | $18.0M | $0 | $181.0M | $143.0M |
| Depreciation and amortization | $68.0M | $35.0M | — | — |
| Stock-based compensation | $33.0M | $14.0M | $46.0M | $29.0M |
| Deferred tax expense (benefit) | $31.0M | $46.0M | ($97.0M) | ($80.0M) |
| Other operating activities | ($79.0M) | ($35.0M) | ($7.0M) | ($3.0M) |
| Decrease in other miscellaneous assets | $20.0M | ($7.0M) | $115.0M | $164.0M |
| Decrease in other miscellaneous liabilities | ($52.0M) | ($207.0M) | ($542.0M) | ($533.0M) |
| Change in loans held for sale, net | $14.0M | $15.0M | $364.0M | $96.0M |
| Net cash provided by (used in) operating activities | $108.0M | ($118.0M) | $8.0M | ($235.0M) |
| Proceeds from repayment of securities available-for-sale | $2.3B | $1.1B | $1.5B | $956.0M |
| Proceeds from sales of securities available-for-sale including loans that have been securitized | $0 | $0 | $85.0M | $578.0M |
| Purchase of securities available-for-sale | ($3.2B) | $0 | ($6.0B) | ($5.3B) |
| Redemption of Federal Home Loan Bank stock | $271.0M | $90.0M | $131.0M | $131.0M |
| Purchases of Federal Home Loan Bank and Federal Reserve Bank stock | ($168.0M) | ($75.0M) | ($3.0M) | ($2.0M) |
| Other changes in loans, net | ($327.0M) | $285.0M | $5.2B | $3.8B |
| Purchases of premises and equipment | ($46.0M) | ($20.0M) | ($29.0M) | ($19.0M) |
| Proceeds from sales of equity securities | $46.0M | — | — | — |
| Other investing activities | $32.0M | $9.0M | $14.0M | $5.0M |
| Net cash (used in) provided by investing activities | ($1.1B) | $1.4B | $921.0M | $164.0M |
| Net increase (decrease) in deposits | $1.5B | $832.0M | ($6.7B) | ($6.1B) |
| Net decrease in short-term borrowed funds | ($750.0M) | ($1.5B) | ($250.0M) | ($750.0M) |
| Proceeds from long-term borrowed funds | $2.0B | $1.5B | $500.0M | $500.0M |
| Repayments of long-term borrowed funds | ($2.5B) | ($1.0B) | ($1.5B) | ($1.0B) |
| Cash dividends paid on common stock | ($9.0M) | ($5.0M) | ($12.0M) | ($8.0M) |
| Cash dividends paid on preferred stock | ($16.0M) | ($8.0M) | ($25.0M) | ($16.0M) |
| Other financing activities, net | ($10.0M) | ($7.0M) | — | — |
| Net cash provided by (used in) financing activities | $236.0M | ($188.0M) | ($7.9B) | ($7.3B) |
| Net decrease in cash, cash equivalents, and restricted cash | ($797.0M) | $1.1B | ($7.0B) | ($7.4B) |
| Cash, cash equivalents, and restricted cash at beginning of period | $6.0B | $6.0B | $15.6B | $15.6B |
| Cash, cash equivalents, and restricted cash at end of period | $5.2B | $7.1B | $8.6B | $8.2B |
| Cash paid for interest | $1.1B | $558.0M | $2.3B | $1.6B |
| Securitization of loans to mortgage-backed securities available-for-sale | $0 | $0 | $0 | $503.0M |
| Transfer of loans from held for investment to held for sale | $0 | $0 | $590.0M | $255.0M |
| Transfer of loans from held for sale to held for investment | $28.0M | — | — | — |
| Shares issued for restricted stock awards | 39.0M | 29.0M | 28.0M | 20.0M |
FLAGSTAR BANK, NATIONAL ASSOCIATION score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.