Flagstar Bank, National Association Financials

FLG

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Flagstar Bank, National Association (FLG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

Revenue

$6.0B

YoY+252.5%

5Y CAGR+184.8%

10Y CAGR+12.8%

Flagstar Bank, National Association generated $6.0B in revenue in fiscal year 2024. This represents an increase of 252.5% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$1.1B

YoY-287.6%

Flagstar Bank, National Association reported -$1.1B in net income in fiscal year 2024. This represents a decrease of 287.6% from the prior year.

EPS (Diluted)

$-3.49

YoY-390.8%

Flagstar Bank, National Association earned $-3.49 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 390.8% from the prior year.

Cash & Debt

$15.4B

YoY+597.9%

5Y CAGR+43.6%

10Y CAGR+20.3%

Flagstar Bank, National Association held $15.4B in cash against $14.4B in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.20

YoY-70.6%

Flagstar Bank, National Association paid $0.20 per share in dividends in fiscal year 2024. This represents a decrease of 70.6% from the prior year.

Shares Outstanding

415M

YoY-10.8%

5Y CAGR-3.2%

10Y CAGR-0.6%

Flagstar Bank, National Association had 415M shares outstanding in fiscal year 2024. This represents a decrease of 10.8% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-18.8%

YoY-54.1pp

5Y CAGR-1486.7pp

10Y CAGR-46.8pp

Flagstar Bank, National Association's net profit margin was -18.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 54.1 percentage points from the prior year.

Return on Equity

7.4%

YoY-1.1pp

5Y CAGR+0.5pp

10Y CAGR-1.5pp

Flagstar Bank, National Association's ROE was 7.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

Flagstar Bank, National Association spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

FLG Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$6.0B+252.5%	$1.7B+7577.3%	$22.0M-24.1%	$29.0M-2.6%	$29.8M-6.3%	$31.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$809.0M+537.0%	$127.0M+2.4%	$124.0M+3.3%	$120.0M-7.0%	$129.0M-27.7%	$178.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$3.8B+850.3%	$400.0M-34.2%	$608.0M-28.3%	$848.0M+28.7%	$658.7M+45.6%	$452.2M
Income Tax	-$260.0M-223.8%	$210.0M+172.7%	$77.0M-39.8%	$128.0M-5.4%	$135.3M-33.0%	$202.0M
Net Income	-$1.1B-287.6%	$596.0M+16.6%	$511.0M+29.4%	$395.0M-6.5%	$422.4M-9.4%	$466.2M
EPS (Diluted)	$-3.49-390.8%	$1.20+17.6%	$1.02+32.5%	$0.77-2.5%	$0.79-12.2%	$0.90

Metric	Q3'25	Q2'25	Q1'24	Q4'24	Q3'24	Q2'24	Q1'23	Q3'23
Revenue	$1.1B-3.7%	$1.1B-24.5%	$1.5B+4.6%	$1.4B-4.3%	$1.5B+0.9%	$1.5B+120.0%	$681.0M+33.8%	$509.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$153.0M+15.0%	$133.0M-43.6%	$236.0M+45.7%	$162.0M-1.8%	$165.0M+2.5%	$161.0M+155.6%	$63.0M+103.2%	$31.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$676.0M-6.6%	$724.0M-18.6%	$889.0M+25.7%	$707.0M+12.2%	$630.0M+5.4%	$598.0M+98.0%	$302.0M+65.0%	$183.0M
Income Tax	-$5.0M+54.5%	-$11.0M+79.6%	-$54.0M+51.8%	-$112.0M-283.6%	$61.0M-22.8%	$79.0M+558.3%	$12.0M-77.4%	$53.0M
Net Income	-$36.0M+48.6%	-$70.0M+78.6%	-$327.0M+87.9%	-$2.7B-1406.8%	$207.0M-49.9%	$413.0M+140.1%	$172.0M+13.2%	$152.0M
EPS (Diluted)	$-0.11+42.1%	$-0.19+57.8%	$-0.45+92.3%	$-5.83-819.8%	$0.81-51.2%	$1.66+453.3%	$0.300.0%	$0.30

FLG Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$100.2B+68.3%	$59.5B+5.7%	$56.3B+5.0%	$53.6B+3.4%	$51.9B+5.6%	$49.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$15.4B+597.9%	$2.2B+13.5%	$1.9B+162.5%	$742.0M-49.7%	$1.5B-41.7%	$2.5B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$0-100.0%	$2.4B0.0%	$2.4B0.0%	$2.4B-0.4%	$2.4B0.0%	$2.4B
Total Liabilities	$92.0B+75.3%	$52.5B+6.1%	$49.5B+5.4%	$46.9B+3.7%	$45.2B+6.9%	$42.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$14.4B	N/A	N/A	$295.1M+0.1%	$294.7M	N/A
Total Equity	$8.2B+15.9%	$7.0B+3.0%	$6.8B+1.9%	$6.7B+0.9%	$6.7B-2.1%	$6.8B
Retained Earnings	-$763.0M-203.0%	$741.0M+50.0%	$494.0M+44.4%	$342.0M+15.1%	$297.2M+24.9%	$237.9M

Metric	Q3'25	Q2'25	Q1'24	Q4'24	Q3'24	Q2'24	Q1'23	Q3'23
Total Assets	$91.7B-0.6%	$92.2B-18.3%	$112.9B-1.0%	$114.1B+2.5%	$111.2B-6.4%	$118.8B+31.8%	$90.1B+43.2%	$63.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$8.5B+4.8%	$8.1B-37.2%	$12.9B+12.3%	$11.5B+65.6%	$6.9B-56.2%	$15.8B+677.9%	$2.0B+19.5%	$1.7B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$0	N/A	$2.4B	$0-100.0%	$2.4B0.0%	$2.4B0.0%	$2.4B0.0%	$2.4B
Total Liabilities	$83.6B-0.7%	$84.1B-19.0%	$103.9B-1.7%	$105.7B+5.4%	$100.2B-7.0%	$107.7B+32.5%	$81.3B+44.7%	$56.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$13.2B0.0%	$13.2B-50.7%	$26.7B+25.7%	$21.3B+45.8%	$14.6B-11.1%	$16.4B-23.1%	$21.3B	N/A
Total Equity	$8.1B+0.2%	$8.1B-3.5%	$8.4B+0.3%	$8.4B-23.9%	$11.0B-0.6%	$11.1B+25.3%	$8.8B+30.8%	$6.7B
Retained Earnings	-$1.0B-5.1%	-$957.0M-1411.0%	$73.0M-83.5%	$443.0M-86.5%	$3.3B+2.3%	$3.2B+207.9%	$1.0B+8.8%	$957.0M

FLG Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$86.0M-70.3%	$290.0M-13.2%	$334.0M-34.5%	$510.0M-5.6%	$540.4M-59.3%	$1.3B
Capital Expenditures	N/A	N/A	N/A	N/A	$9.8M-64.6%	$27.8M
Free Cash Flow	N/A	N/A	N/A	N/A	$530.5M-59.2%	$1.3B
Investing Cash Flow	$15.5B+659.5%	-$2.8B-169.5%	-$1.0B+50.2%	-$2.1B+48.8%	-$4.0B-478.7%	$1.1B
Financing Cash Flow	-$11.6B-523.7%	$2.7B+44.2%	$1.9B+132.5%	$816.0M-66.4%	$2.4B+680.4%	-$418.1M
Dividends Paid	$53.0M-83.2%	$316.0M0.0%	$316.0M-0.3%	$317.0M-4.8%	$333.1M+0.3%	$332.1M
Share Buybacks	$0	$0-100.0%	$50.0M-25.4%	$67.0M-58.3%	$160.8M+770.8%	$18.5M

Metric	Q3'25	Q2'25	Q1'24	Q4'24	Q3'24	Q2'24	Q1'23	Q3'23
Operating Cash Flow	N/A	N/A	-$294.0M	N/A	N/A	N/A	$185.0M	N/A
Capital Expenditures	N/A	N/A	$11.0M	N/A	N/A	N/A	$1.0M	N/A
Free Cash Flow	N/A	N/A	$3.0B	N/A	N/A	N/A	$184.0M	N/A
Investing Cash Flow	N/A	N/A	$2.0B	N/A	N/A	N/A	-$1.1B	N/A
Financing Cash Flow	N/A	N/A	-$247.0M	N/A	N/A	N/A	$1.6B	N/A
Dividends Paid	N/A	N/A	$8.0M	N/A	N/A	N/A	$79.0M	N/A
Share Buybacks	N/A	N/A	$0	N/A	N/A	N/A	$0	N/A

FLG Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-18.8%-54.1pp	35.3%-2287.4pp	2322.7%+960.7pp	1362.1%-57.1pp	1419.2%-48.8pp	1467.9%
Return on Equity	7.4%-1.1pp	8.5%+1.0pp	7.5%+1.6pp	5.9%-0.5pp	6.3%-0.5pp	6.9%
Return on Assets	-1.1%-2.1pp	1.0%+0.1pp	0.9%+0.2pp	0.7%-0.1pp	0.8%-0.1pp	0.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.77-5.7	7.45+0.2	7.23+7.2	0.040.0	0.04-6.2	6.23
FCF Margin	N/A	N/A	N/A	N/A	1782.3%-2307.6pp	4090.0%

Metric	Q3'25	Q2'25	Q1'24	Q4'24	Q3'24	Q2'24	Q1'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-3.3%+2.8pp	-6.1%+15.5pp	-21.6%+165.3pp	-186.9%-200.6pp	13.7%-13.9pp	27.6%+2.3pp	25.3%-4.6pp	29.9%
Return on Equity	N/A	N/A	18.6%	N/A	1.9%-1.8pp	3.7%+1.8pp	1.9%-0.3pp	2.3%
Return on Assets	-0.0%+0.0pp	-0.1%+0.2pp	-0.3%+2.1pp	-2.4%-2.6pp	0.2%-0.2pp	0.4%+0.2pp	0.2%-0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.630.0	1.63-1.6	3.19+0.6	2.54+1.2	1.33-0.2	1.48-0.9	2.42-5.9	8.33
FCF Margin	N/A	N/A	292.5%	N/A	N/A	N/A	42.9%	N/A

Financial Health Signals

Piotroski F-Score Neutral

4/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Mixed

-0.08x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

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Frequently Asked Questions

What is Flagstar Bank, National Association's annual revenue?

Flagstar Bank, National Association (FLG) reported $6.0B in total revenue for fiscal year 2024. This represents a 252.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Flagstar Bank, National Association's revenue growing?

Flagstar Bank, National Association (FLG) revenue grew by 252.5% year-over-year, from $1.7B to $6.0B in fiscal year 2024.

Is Flagstar Bank, National Association profitable?

No, Flagstar Bank, National Association (FLG) reported a net income of -$1.1B in fiscal year 2024, with a net profit margin of -18.8%.

What is Flagstar Bank, National Association's earnings per share (EPS)?

Flagstar Bank, National Association (FLG) reported diluted earnings per share of $-3.49 for fiscal year 2024. This represents a -390.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Flagstar Bank, National Association have?

As of fiscal year 2024, Flagstar Bank, National Association (FLG) had $15.4B in cash and equivalents against $14.4B in long-term debt.

What is Flagstar Bank, National Association's net profit margin?

Flagstar Bank, National Association (FLG) had a net profit margin of -18.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Flagstar Bank, National Association pay dividends?

Yes, Flagstar Bank, National Association (FLG) paid $0.20 per share in dividends during fiscal year 2024.

What is Flagstar Bank, National Association's return on equity (ROE)?

Flagstar Bank, National Association (FLG) has a return on equity of 7.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Flagstar Bank, National Association's operating cash flow?

Flagstar Bank, National Association (FLG) generated $86.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Flagstar Bank, National Association's total assets?

Flagstar Bank, National Association (FLG) had $100.2B in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Flagstar Bank, National Association have outstanding?

Flagstar Bank, National Association (FLG) had 415M shares outstanding as of fiscal year 2024.

What is Flagstar Bank, National Association's debt-to-equity ratio?

Flagstar Bank, National Association (FLG) had a debt-to-equity ratio of 1.77 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Flagstar Bank, National Association's return on assets (ROA)?

Flagstar Bank, National Association (FLG) had a return on assets of -1.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Flagstar Bank, National Association's Piotroski F-Score?

Flagstar Bank, National Association (FLG) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

Are Flagstar Bank, National Association's earnings high quality?

Flagstar Bank, National Association (FLG) has an earnings quality ratio of -0.08x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.