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Flagstar Bank Q3 net income falls 65% to $12M

The bank cited higher rates, deposit competition and NYC rent regulation as headwinds, while shifting its long-term objectives to 2028.

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Filing Sentiment

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Form Type
8-K

Rhea-AI Filing Summary

Flagstar Bank, National Association (FLG) reported third-quarter 2026 net income of $12 million and net income attributable to common stockholders of $3 million, or $0.01 per diluted share. Common-stockholder earnings were $26 million, or $0.06 per diluted share, in the prior quarter and a $45 million loss, or $0.11 loss per diluted share, a year earlier.

Net interest income rose 5% quarter over quarter to $460 million, and net interest margin increased four basis points to 2.17%. Total loans held for investment reached $61.9 billion, up $958 million; commercial and industrial loans grew $2.0 billion, or 11%, to $20.6 billion. Deposits were $67.8 billion, up $299 million. The credit-loss provision rose to $76 million from $18 million in the second quarter, while criticized and classified loans increased 6%.

The bank completed a $250 million share repurchase in early October and reported a 12.38% CET1 ratio. It shifted its long-term strategic objectives from 2027 to 2028, citing a higher-for-longer interest-rate environment. The bank also cited deposit competition and rent-regulation effects on credit costs in its New York City multifamily portfolio.

3 points · 0 major

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0 major · 4 points

How the balance works

Positive

  • Moderate pointNet interest income rose 8% year over year to $460 million.
  • Moderate pointNet income was $12 million, versus a $36 million loss a year earlier.
  • Moderate pointCommercial and industrial loans increased 11% to $20.6 billion.

Negative

  • Moderate pointQuarterly net income declined 65% from the second quarter.
  • Moderate pointThe credit-loss provision increased $58 million quarter over quarter. 1.2% of market cap
  • Moderate pointCriticized and classified loans increased 6% quarter over quarter.
  • Moderate pointLong-term strategic objectives shifted from 2027 to 2028.

Filing Explained

The attached presentation lowers Flagstar’s 2027 adjusted diluted EPS forecast to $0.85–$0.95 per share from prior guidance of $1.60–$1.70 per share; these are forecasts, not reported results.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Net income attributable to common stockholders $3 million Third quarter 2026; $0.01 per diluted share
Net interest income $460 million Third quarter 2026; up 8% year over year
Provision for credit losses $76 million Third quarter 2026; compared with $18 million in the second quarter
Commercial and industrial loans $20.6 billion Third quarter 2026; up 11% quarter over quarter
Total deposits $67.8 billion September 30, 2026; up $299 million quarter over quarter
CET1 capital ratio 12.38% September 30, 2026
Share repurchase $250 million Completed in early October 2026
net interest margin financial
"net interest margin increased 4 basis points to 2.17%"
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
pre-provision net revenue financial
"Pre-provision net revenue totaled $66 million"
Pre-provision net revenue is a bank’s income from core operations — interest earned minus interest paid plus fees and other operating income, after operating costs — measured before setting aside funds for potential loan losses. Investors use it to gauge how well a bank’s everyday business generates money independent of one-time loss reserves, like judging a store’s sales and operating profit before accounting for an expected number of returned items.
allowance for credit losses financial
"total allowance for credit losses including the allowance for unfunded commitments"
Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.
Common equity tier 1 ratio financial
"Common equity tier 1 ratio 12.38%"
The common equity tier 1 ratio is a measure of a bank's financial strength, showing how much high-quality core capital it has compared to its total risk-weighted assets. Think of it as a safety buffer or cushion that helps ensure the bank can withstand economic shocks. For investors, a higher ratio indicates a stronger, more resilient bank, making it a key indicator of its financial health.
Non-accrual loans financial
"total non-accrual loans, including held-for-sale"
A non-accrual loan is a loan a lender has decided is unlikely to produce the scheduled interest payments, so the lender stops counting future interest as income and may record the loan at a reduced value. Think of it like renting out a house where the tenant has stopped paying: you stop counting future rent as earnings because it’s uncertain you’ll get it. For investors, a rise in non-accrual loans signals worsening credit quality, lower reported income and higher potential losses that can weaken a bank’s capital and share price.
Net income $12 million Compared with $34 million in second quarter 2026 and a $36 million net loss in third quarter 2025
Net income attributable to common stockholders $3 million, or $0.01 per diluted share Compared with $26 million, or $0.06 per diluted share, in second quarter 2026 and a $45 million loss, or $0.11 loss per diluted share, in third quarter 2025
Net interest income $460 million Up 5% from second quarter 2026 and 8% from third quarter 2025
Net interest margin 2.17% Up 4 basis points from second quarter 2026
Provision for credit losses $76 million Compared with $18 million in second quarter 2026
Guidance

The 2027 net income forecast is $400 million to $500 million, and diluted adjusted EPS is forecast at $0.85 to $0.95. Long-term strategic objectives shifted from 2027 to 2028.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were FLG's third-quarter 2026 net income and diluted EPS?
Flagstar Bank reported $12 million in net income and $3 million in net income attributable to common stockholders, or $0.01 per diluted share, for third quarter 2026. In the second quarter, common-stockholder earnings were $26 million, or $0.06 per diluted share.

How much net interest income did FLG report in third quarter 2026?
Flagstar Bank reported $460 million in net interest income for third quarter 2026, up 5% from the second quarter and 8% from third quarter 2025. Net interest margin was 2.17%, an increase of four basis points from the second quarter.

What is FLG's revised 2027 net income forecast?
Flagstar Bank's 2027 net income forecast is $400 million to $500 million, and its diluted adjusted EPS forecast is $0.85 to $0.95. The bank also shifted its long-term strategic objectives from 2027 to 2028.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 23, 2026
 
 
Flagstar Bank, National Association
(Exact Name of Registrant as Specified in Charter)
United States of America1-3156538-2734984
(State or Other Jurisdiction
of Incorporation)		Commission File Number(IRS Employer Identification No.)
102 Duffy Avenue,Hicksville,New York11801
(Address of principal executive offices)
(516) 683-4420
(Registrant's telephone number, including area code)


Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each classTrading symbol(s)Name of each exchange on which registered
Common stock, $0.01 par value per shareFLGNew York Stock Exchange
Bifurcated Option Note Unit Securities SM FLG PRUNew York Stock Exchange
Depositary Shares each representing a 1/40th interest in a share of Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred StockFLG PRANew York Stock Exchange
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2).
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐


Item 2.02Results of Operations and Financial Condition

On October 23, 2026, Flagstar Bank, National Association (the “Bank”) issued a press release reporting its financial results for the quarter ended September 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this report.

Item 7.01Regulation FD Disclosures

Beginning on October 23, 2026, the Bank intends to distribute and make available to investors, and to post on its website, the written presentation attached hereto as Exhibit 99.2.

Item 9.01Financial Statements and Exhibits

(d) Exhibits

ExhibitDescription of Exhibit
No.
99.1  
Press release regarding Results of Operations and Financial Condition issued by the Bank on October 23, 2026
99.2
Written presentation to be distributed and made available to investors, and posted on the Bank's website, beginning October 23, 2026
104  Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURE
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
Date:October 23, 2026FLAGSTAR BANK, NATIONAL ASSOCIATION
/s/ Salvatore DiMartino
Salvatore DiMartino
Executive Vice President and Director of Investor Relations




flagstarbankna_logox2025002a.jpg

FLAGSTAR BANK REPORTS THIRD QUARTER 2026 NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $0.01 PER DILUTED SHARE

•NET INTEREST INCOME ROSE $20 MILLION OR 5% WHILE THE NET INTEREST MARGIN INCREASED FOUR BASIS POINTS TO 2.17%

•TOTAL LOANS INCREASED FOR A SECOND CONSECUTIVE QUARTER UP $958 MILLION OR 6% ANNUALIZED, DRIVEN BY CONTINUED MOMENTUM IN THE COMMERCIAL BANKING BUSINESS AS C&I LOANS INCREASED $2.0 BILLION OR 11%

•COMMERCIAL BANKING DEPOSITS GREW $0.6 BILLION OR 7% REFLECTING OUR RELATIONSHIP DRIVEN GROWTH STRATEGY

•TOTAL CRE PAR PAYOFFS TOTALED $1.2 BILLION, OF WHICH 35% WERE SUBSTANDARD; CRE CONCENTRATION RATIO IMPROVED TO 346% COMPARED TO 350% LAST QUARTER

•THE PROVISION FOR CREDIT LOSSES INCREASED $58 MILLION, PRIMARILY FROM THE IMPACT OF HIGHER INTEREST RATES INCLUDING ON THE NYC RENT REGULATED MULTI-FAMILY PORTFOLIO

•CET1 CAPITAL RATIO OF 12.38%; COMPLETED $250 MILLION BUYBACK IN EARLY OCTOBER

Third Quarter 2026 Compared to Second Quarter 2026
ProfitabilityCapital

•PPNR of $66 million was unchanged
•Adjusted PPNR of $66 million, up $4 million or 6%
•Net interest income rose $20 million or 5% to $460 million
•Net interest margin increased 4 basis points to 2.17%
•Deposit costs increased 1 basis point while overall cost of funds rose 2 basis points
•Operating expenses of $441 million up 3%

•CET1 capital ratio of 12.38%, at or above peer group levels
•Excess capital of $1.2 billion, using low end of target CET1 range of 10.5%
•Book value per share of $17.82
•Tangible book value per share of $17.05
•Tangible book value per share adjusted for warrant exercise is $15.56
Balance SheetAsset Quality

•Total C&I loans increased $2.0 billion or 11% to $20.6 billion
•Total loans increased $958 million to $61.9 billion, up 2% or 6% annualized
•Strategic C&I loan focus areas grew $1.6 billion or 18%
•Commercial Bank deposits grew $575 million, up 7%
•Total MF/CRE loans declined $1.1 billion or 3%


•Total NYC multi-family loans declined $531 million or 4%
•Total ACL of $0.9 billion, unchanged, and was 1.50% of total loans HFI:
•Total multi-family ACL coverage of 1.63%
•ACL coverage of 2.97% for multi-family loans with 50% or greater rent-regulated units
•Non-accrual loans were relatively stable
•Substandard loans increased $248 million or 4% as overall Criticized/Classified loans increased $670 million or 6%
•NCOs to average loans was 0.49% vs. 0.66%

Flagstar Bank, N.A. Reports Third Quarter 2026 Results
NEW YORK, October 23, 2026 – Flagstar Bank, N.A. (the "Bank") (NYSE: FLG), today reported third quarter 2026 net income of $12 million compared to net income of $34 million for second quarter 2026 and compared to a net loss of $36 million for third quarter 2025. Third quarter 2026 net income attributable to common stockholders was $3 million, or $0.01 per diluted share, compared to net income attributable to common stockholders of $26 million, or $0.06 per diluted share in second quarter 2026 and compared to a net loss attributable to common stockholders of $45 million, or $0.11 per diluted share in third quarter 2025.

CEO COMMENTARY

Commenting on the Bank's third quarter 2026 performance, Executive Chairman and Chief Executive Officer, Joseph M. Otting stated, "Our third quarter results reflect the fact that the Bank's core underlying fundamentals continued to improve despite the emergence of several headwinds, including a higher interest rate environment, deposit competition, persistent inflation, as well as the continuing impact of rent regulation policies on our New York City multi-family portfolio, which pressured our credit costs. We believe we are on track toward achieving our long-term strategic objectives, however given the higher for longer interest rate environment, the full realization of these objectives has shifted to 2028 from 2027.

"Notwithstanding these headwinds, during the third quarter, we made progress in multiple areas. Our net interest income increased 5% compared to the previous quarter, net interest margin expanded by 4 basis points, and adjusted pre-provision net revenue improved 6%, reflecting continued momentum in our operating performance.

"We also recorded another quarter of solid loan growth driven by broad-based growth across the C&I platform, along with deposit growth within that business. We continue to diversify the balance sheet through a strategic reduction in the multi-family and commercial real estate portfolios, offset by originations of new CRE loans across our footprint. The growth in C&I and the reduction in the multi-family and CRE portfolios are diversifying our loan portfolio. Additionally, the repricing and ongoing reduction of our multi-family portfolios are also positives as we work to improve our loan mix and net interest income.

"We believe these trends demonstrate ongoing progress in strengthening our core franchise and improving the quality and composition of our balance sheet. We remain focused on executing our long-term strategic plan of transforming Flagstar into a high performing regional bank. While the current interest rate environment may affect the pace at which we achieve certain objectives, our commitment to the transformation remains unchanged. We will continue to prioritize disciplined risk management, sustainable earnings growth, balance sheet strength, and the consistent execution of our strategic plan to position the Bank for long-term success."

BALANCE SHEET SUMMARY
(dollars in millions)September 30, 2026June 30, 2026Compare
Total cash and cash equivalents$4,046 $5,108 -21 %
Total loans and leases held for investment61,945 60,987 2 %
Total assets87,412 87,714 -0.3 %
Total deposits67,820 67,521 0.4 %
Total borrowed funds10,937 10,937 — %

•Total assets were relatively unchanged, declining a modest $0.3 billion or 0.3% to $87.4 billion primarily due to growth in the loan portfolio, more than offset by a decline in total cash and cash equivalents balances of $1.1 billion or 21%
•Total loans and leases held for investment ("HFI") were $61.9 billion, up $1.0 billion or 2% (6% on an annualized basis).
•Loan growth was driven by another strong quarter of growth in the C&I portfolio, partially offset by a decrease in the multi-family and CRE portfolios.
•Similar to last quarter, this quarter's C&I growth was broad-based across our various C&I businesses and across verticals and geographies.
•Total C&I loans increased $2.0 billion or 11% to $20.6 billion driven primarily by growth within Specialized Industries and Corporate & Regional Commercial Banking.
2
Flagstar Bank, N.A. Reports Third Quarter 2026 Results
•Specialized Industries Banking loans increased $1,417 million or 21%.
•Corporate & Regional Commercial Banking increased $195 million or 8%.
•Public Finance increased $359 million or 18%.

•The combined multi-family and CRE portfolio continued to decrease and were down $1.1 billion or 3% to $34.1 billion.
•Total CRE par payoffs totaled $1.2 billion, up modestly compared to the second quarter.
•CRE concentration improved to 346% compared to 350%.
•During the third quarter, the Bank originated approximately $375 million of new CRE loans, which partially offset the decrease due to par payoffs and repayments.

•Consistent with the Bank's overall balance sheet transformation and diversification strategy, total C&I loans improved to 24% of total assets compared to 21% last quarter and 17% at year-end 2025. At the same time, total CRE loans, including multi-family declined to 39% of total assets compared to 40% last quarter and 44% at year-end 2025.

•Total deposits were $67.8 billion, up $0.3 billion or 0.4%, driven by increases in non-interest-bearing checking, up 6%, and CDs, up 4% while interest-bearing and money market accounts decreased 6%, and savings accounts declined 1%.

•Total borrowed funds, primarily wholesale borrowings consisting of FHLB-NY advances totaled $10.9 billion unchanged compared to the prior quarter.


EARNINGS SUMMARY FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2026

Net Interest Income, Net Interest Margin, and Average Balance Sheet

Net Interest Income

Third quarter 2026 net interest income totaled $460 million compared to $440 million, up $20 million or 5% compared to second quarter 2026 and rose $35 million or 8% compared to third quarter 2025.

Linked-Quarter Comparison
•Average interest-earnings assets increased $1.2 billion or 1.4% to $84.3 billion due to higher average loan balances and higher average securities, partially offset by lower average cash balances.
•Average interest-bearing liabilities increased $0.9 billion or 1.4% to $66.4 billion, as average borrowed funds increased 2% and average interest-bearing deposits rose 1%.
•The net interest margin increased 4 basis points to 2.17% driven by a 6 basis point increase in the average yield partially offset by a 2 basis point increase in the average cost of funds.

Year-Over-Year Comparison
•Average interest-earning assets decreased 5% to $84.3 billion driven by lower average loans and lower average cash balances partially offset by higher average securities balances.
•Average interest-bearing liabilities decreased 6% or $4.0 billion to $66.4 billion as both average deposits and average borrowings balances declined due to strategic actions taken by the Bank to reduce its cost of funds.

•Average deposits declined 2% to $55.9 billion as the Bank significantly reduced brokered deposits throughout 2025.

•Average borrowings declined 21% or $2.7 billion to $10.5 billion as the Bank continued to pay down wholesale borrowings.

•The net interest margin increased 26 basis points driven by a 51 basis point decline in the average cost of funds as the average cost of borrowings decreased 33 basis points and the average cost of deposits declined 51 basis points. This was partially offset by a 17 basis points decrease in the average yield as the average yield on securities declined 42 basis points, the average yield on cash balances declined 69 basis points and the average loan yield declined 12 basis points.

3
Flagstar Bank, N.A. Reports Third Quarter 2026 Results
Provision for Credit Losses
Linked-Quarter Comparison

•For the third quarter 2026, we reported a provision for credit losses of $76 million compared to $18 million in the second quarter 2026. The $58 million increase was impacted by net charge-offs, while the allowance for credit losses was unchanged compared to the prior quarter. Increases in the allowance related to growth in our C&I portfolio and the impact from a higher interest rate environment including on the New York City rent-regulated multi-family portfolio, were offset by volume reductions in our multi-family portfolio.
•Net charge-offs for the third quarter 2026 totaled $74 million, down $26 million or 26%.
•Net charge-offs on an annualized basis represented 0.49% of average loans outstanding, compared to 0.66% for second quarter 2026.

Year-Over-Year Comparison
•The provision for credit losses increased $38 million reflects the impact of net charge-offs during the quarter.
•Net charge-offs increased $1 million or 1%.


Pre-Provision Net Revenue

The table below details the Bank’s pre-provision net revenue ("PPNR") and PPNR, as adjusted, which are non-GAAP measures, for the periods noted:

September 30, 2026
For the Three Months Ended compared to:
(dollars in millions)September 30, 2026June 30, 2026September 30, 2025June 30, 2026September 30, 2025
Net interest income$460 $440 $425 5 %8 %
Non-interest income70 76 94 -8 %-26 %
Total revenues$530 $516 $519 3 %2 %
Total non-interest expense464 450 522 3 %-11 %
Pre - provision net revenue/(loss) (non-GAAP)$66 $66 $(3)— %NM
Merger-related expenses
— — 17 NMNM
Severance— — 8 NMNM
Litigation settlement— — 14 NMNM
Net (gain) loss on investment security— (4)(21)NMNM
Pre - provision net revenue/(loss), as adjusted (non-GAAP)(1)
$66 $62 $15 6 %NM
(1) Amounts may not foot as a result of rounding.

For third quarter 2026, PPNR totaled $66 million unchanged compared to the second quarter 2026 and compared to a pre-provision net loss of $3 million for third quarter 2025.

Linked-Quarter Comparison
•Excluding the impact from the investment in Figure Technology Solutions, Inc., (the "Figure Investment") in the second quarter, our third quarter adjusted PPNR increased $4 million or 6%.
•The increase was driven by a 5% increase in net interest income, partially offset by lower non-interest income and higher non-interest expenses.
Year-Over-Year Comparison
•Excluding the impact from the Figure Investment and several other one-time items in the prior year, adjusted PPNR increased $51 million compared to the prior year.
•The majority of the increase was driven by an 11% reduction in non-interest expenses and an 8% increase in net interest income, partially offset by an 8% decrease in non-interest income.
4
Flagstar Bank, N.A. Reports Third Quarter 2026 Results
Non-Interest Income

September 30, 2026
For the Three Months Ended compared to:
(dollars in millions)September 30, 2026June 30, 2026September 30, 2025June 30, 2026September 30, 2025
Fee income$29$26$2312 %26 %
Bank-owned life insurance111312-15 %-8 %
Net gain (loss) on investment securities—422NMNM
Net gain on loan sales and securitizations345-25 %-40 %
Other income272932-7 %-16 %
Total non-interest income$70$76$94-8 %-26 %
 
Impact of Adjustments:
Net (gain) loss on investment security—(4)(21)NMNM
Adjusted noninterest income (non-GAAP)$70$72$73-3 %-4 %

Non-interest income in third quarter 2026 was $70 million, down $6 million or 8% compared to $76 million in second quarter 2026 and down $24 million or 26% compared to third quarter 2025.

Linked-Quarter Comparison
•Excluding the impact from the Figure Investment in the previous quarter, adjusted non-interest income decreased $2 million or 3%.
•The modest decrease was driven by a $3 million or 12% increase in fee income, more than offset by declines in BOLI, mortgage banking gain on sale income, and other income.
Year-Over-Year Comparison
•Excluding the impact from the Figure Investment, adjusted non-interest income declined $3 million or 4%.
•This was driven by a $6 million or 26% improvement in fee income more than offset by declines in BOLI, mortgage banking gain on sale income, and other income.

5
Flagstar Bank, N.A. Reports Third Quarter 2026 Results
Non-Interest Expense

September 30, 2026
For the Three Months Ended compared to:
(dollars in millions)September 30, 2026June 30, 2026September 30, 2025June 30, 2026September 30, 2025
Operating expenses:
Compensation and benefits$228$220$2424 %-6 %
Occupancy and equipment464647— %-2 %
Software expense5049472 %6 %
FDIC insurance293037-3 %-22 %
Professional services
23192021 %15 %
General and administrative6563863 %-24 %
Total operating expenses441 427 479 3 %-8 %
Intangible asset amortization
23 23 26 — %-12 %
Merger-related expense
— — 17 NMNM
Total non-interest expense$464$450$5223 %-11 %
Impact of Adjustments:
Total operating expenses$441$427$4793 %-8 %
Severance—— (8)NMNM
Litigation settlement—— (14)NMNM
Adjusted operating expenses (non-GAAP)
$441$427$4573 %-4 %

Third quarter 2026 operating expenses were $441 million compared to $427 million in second quarter 2026, up $14 million or 3%, while they declined $38 million or 8% compared to third quarter 2025.
Linked-Quarter Comparison
•The increase was mainly driven by an $8 million or 4% increase in compensation and benefits and a $4 million or 21% increase in Professional services.

Year-Over-Year Comparison
•Excluding expenses related to severance and a litigation settlement, adjusted operating expenses decreased $16 million or 4%.
•The main drivers were a $21 million or 24% decrease in G&A expense and an $8 million or 22% decrease in FDIC expense. This was partially offset by modest increases in professional services, and compensation and benefits expense.
Income Taxes
Linked-Quarter Comparison
•For the third quarter 2026, the Bank reported an income tax benefit of $22 million compared to an income tax expense of $14 million for the second quarter 2026. This quarter's income tax benefit resulted from the settlement of a 2019-2021 federal tax audit that reduced our tax provision by $22 million.
Year-Over-Year Comparison
•For the third quarter 2026, the Bank reported income tax benefit of $22 million compared to an income tax benefit of $5 million for the third quarter 2025. The effective tax rate for the third quarter 2026 was 217.8% compared to 12.2% for the third quarter 2025.
6
Flagstar Bank, N.A. Reports Third Quarter 2026 Results
CREDIT QUALITY

September 30, 2026
As ofcompared to:
(dollars in millions)September 30, 2026June 30, 2026September 30, 2025June 30, 2026September 30, 2025
Total non-accrual loans held for investment$2,817$2,800$3,2411 %-13 %
Non-accrual held for investment loans to total loans held for investment4.55 %4.59 %5.17 %-1 %-12 %
Non-accrual held for investment loans and repossessed assets ("NPAs") to total assets
3.23 %3.20 %3.56 %1 %-9 %
Allowance for credit losses on loans and leases$869$869$1,071— %-19 %
Total ACL, including on unfunded commitments$927$925$1,128— %-18 %
ACL % of total loans held for investment1.40 %1.42 %1.71 %-2 bps-31 bps
Total ACL % of total loans held for investment1.50 %1.52 %1.80 %-2 bps-30 bps
ACL on loans and leases % of NPLs31%31%33%-1 %-7 %
Total ACL % of NPLs33%33%35%— %-5 %

Non-Accrual Loans
At September 30, 2026, total non-accrual loans, including held-for-sale, were $2,821 million, up $16 million or 1% compared to $2,805 million at June 30, 2026, but down $451 million or 14% compared to September 30, 2025. Total non-accrual loans HFI to total loans HFI were 4.55% at September 30, 2026 compared to 4.59% at June 30, 2026 and 5.17% at September 30, 2025.
Linked-Quarter Comparison
•Multi-family non-accrual loans decreased 0.3%, while CRE non-accrual loans decreased 2%.
•NPAs to total assets rose 3 basis points to 3.23%.
Year-Over-Year Comparison
•Multi-family non-accrual loans declined 13% and CRE non-accrual loans declined 16%, reflecting ongoing proactive workout and resolution strategies.
•NPAs to total assets improved 33 basis points.

Total Allowance for Credit Losses

The total allowance for credit losses including the allowance for unfunded commitments was $927 million at September 30, 2026 compared to $925 million at June 30, 2026 and $1,128 million at September 30, 2025. The total allowance for credit losses on loans and leases at September 30, 2026 was $869 million unchanged from June 30, 2026 and a decrease from $1,071 million at September 30, 2025.
The allowance for credit losses was unchanged compared to the prior quarter. Increases in the allowance related to growth in our C&I portfolio and the impact from a higher interest rate environment including on the New York City rent-regulated multi-family portfolio, were offset by volume reductions in our multi-family portfolio
The total allowance for credit losses to total loans HFI at September 30, 2026 was 1.50% compared to 1.52% at June 30, 2026 and 1.80% at September 30, 2025. The total allowance for credit losses on loans and leases to total loans HFI was 1.40% at September 30, 2026 compared to 1.42% at June 30, 2026 and 1.71% at September 30, 2025.

7
Flagstar Bank, N.A. Reports Third Quarter 2026 Results
CAPITAL POSITION

The Bank’s regulatory capital ratios continue to exceed regulatory minimums to be classified as “Well Capitalized,” the highest regulatory classification. The table below depicts the Bank’s regulatory capital ratios at those respective periods.

September 30, 2026June 30, 2026December 31, 2025
REGULATORY CAPITAL RATIOS: (1)
Common equity tier 1 ratio12.38 %13.16 %12.83 %
Tier 1 risk-based capital ratio13.19 %13.99 %13.66 %
Total risk-based capital ratio15.74 %16.58 %16.23 %
Leverage capital ratio9.33 %9.70 %9.22 %
(1)The minimum regulatory requirements for classification as a well-capitalized institution are a common equity tier 1 capital ratio of 6.5%; a tier one risk-based capital ratio of 8.00%; a total risk-based capital ratio of 10.00%; and a leverage capital ratio of 5.00%.

Flagstar Bank, N.A.
Flagstar Bank, N.A. is one of the largest regional banks in the country. At September 30, 2026, the Bank had $87.4 billion of assets, $62.1 billion of loans, deposits of $67.8 billion, and total stockholders' equity of $7.6 billion. Flagstar Bank, N.A. operates approximately 320 retail locations and 20 Private Banking Offices 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.

Post-Earnings Release Conference Call

The Bank will host a conference call on October 23, 2026 at 8:00 a.m. (Eastern Time) to discuss its third quarter 2026 performance.

Dial-in Numbers:

•Domestic: (833) 461-5787
•International: (585) 542-9983
•Meeting ID: 960333298

Live Webcast: ir.flagstar.com

Replay Information:

•Call available through 11:59 p.m. on October 27, 2026
•Domestic: (833) 309-1852
•International: (929) 828-5978
•Meeting ID: 960333298
•Archived webcast: ir.flagstar.com through November 20, 2026

Investor Contact: Salvatore J. DiMartino, (516) 683-4286, salvatore.dimartino@flagstar.com

Media Contact: Jessica Torchia, (248) 312-6451, jessica.torchia@flagstar.com


8
Flagstar Bank, N.A. Reports Third Quarter 2026 Results

Cautionary Statements Regarding Forward-Looking Language

This earnings release and the associated conference call may include forward‐looking statements by us and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding, among other things: (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to achieve profitability goals within projected timeframes and to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to execute our capital management strategies, including our ability to complete our current stock repurchase program and to implement future stock repurchase programs; (g) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (h) our ability to achieve our financial and other strategic goals, including those related to our recent holding company reorganization, which was completed in October 2025 (the "Reorganization"), our merger with Flagstar Bancorp, Inc., which was completed in December 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023, and our ability to comply with the heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; (i) the impact of the $1.05 billion capital raise we completed in March 2024; (j) the conversion or exchange of shares of our preferred stock; (k) the payment of dividends on shares of our capital stock, including adjustments to the amount of dividends payable on shares of our preferred stock; (l) the dilution of existing equity holders associated with future equity awards and stock issuances; (m) the effects of the reverse stock split we effected in July 2024; and (n) the impact of the 2024 sale of our mortgage servicing operations, third party mortgage loan origination business, and mortgage warehouse business.

Forward‐looking statements are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “should,” "confident," and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; we do not assume any duty, and do not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, including guidance or expectations regarding our future financial or operating results, and long-term strategic objectives and our future performance could differ materially from our historical results.

Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; the ability to implement future stock repurchase programs, which are subject to the approval of the Board of Directors and other various factors, including the Bank's liquidity, capital position, and financial performance, accounting, and regulatory considerations as well as general market conditions; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; our ability to achieve the anticipated benefits of the Reorganization; changes in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; changes relating to rent regulation and housing, including recent legislative action in New York City to freeze rents, effective October 1, 2026, on certain rent-regulated properties; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; the outcome of federal, state, and local elections and the resulting economic and other impact on the areas in which we conduct business; the impact of changing political conditions or federal government shutdowns; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; our ability to comply with heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; the restructuring of our mortgage business; our ability to achieve anticipated cost savings and enhanced efficiencies with respect to our balance sheet and expense reduction strategies; the impact of failures or disruptions in or breaches of our operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, civil unrest, international military conflict, terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed in December 2022, and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management's attention from ongoing business operations and opportunities; the possibility that we may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected.

More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K for the year ended December 31, 2025, and in other reports we file with the Office of the Comptroller of the Currency (the “OCC”) and
9
Flagstar Bank, N.A. Reports Third Quarter 2026 Results
voluntarily file with the Securities and Exchange Commission (the “SEC”), and which are also available on our Investor Relations website. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our securities disclosure filings. All such files are accessible on our website at ir.flagstar.com, on the OCC's website at www.occ.gov, and on the SEC’s website at www.sec.gov.

- Financial Statements and Highlights Follow -
10


FLAGSTAR BANK, N.A.
CONSOLIDATED STATEMENTS OF CONDITION
(unaudited)
September 30, 2026
compared to
(dollars in millions)September 30, 2026June 30, 2026December 31, 2025June 30, 2026December 31, 2025
Assets
Cash and due from banks$382 $416 $553 -8 %-31 %
Interest-earning deposits and other securities with financial institutions3,664 4,692 5,341 -22 %-31 %
Total cash and cash equivalents4,046 5,108 5,894 -21 %-31 %
Securities:
Debt securities available-for-sale16,395 16,553 15,701 -1 %4 %
Equity investments with readily determinable fair values, at fair value14 14 65 — %-78 %
Total securities16,409 16,567 15,766 -1 %4 %
Loans held for sale166 208 265 -20 %-37 %
Loans and leases held for investment:
Multi-family25,948 26,931 28,983 -4 %-10 %
Commercial real estate
8,102 8,244 9,314 -2 %-13 %
One-to-four family first mortgage5,867 5,767 5,630 2 %4 %
Commercial and industrial20,579 18,563 15,217 11 %35 %
Other loans1,449 1,482 1,588 -2 %-9 %
Total loans and leases held for investment61,945 60,987 60,732 2 %2 %
Less: Allowance for credit losses on loans and leases(869)(869)(1,030)— %-16 %
Total loans and leases held for investment, net61,076 60,118 59,702 2 %2 %
Premises and equipment, net474 472 477 — %-1 %
Core deposit and other intangibles310 333 381 -7 %-19 %
Other assets4,931 4,908 5,027 — %-2 %
Total assets$87,412 $87,714 $87,512 — %— %
Liabilities and Stockholders' Equity
Deposits:
Interest-bearing checking and money market accounts$19,330 $20,477 $18,233 -6 %6 %
Savings accounts14,741 14,836 14,864 -1 %-1 %
Certificates of deposit21,359 20,477 20,843 4 %2 %
Non-interest-bearing accounts12,390 11,731 12,060 6 %3 %
Total deposits67,820 67,521 66,000 — %3 %
Borrowed funds:
Wholesale borrowings9,900 9,901 11,151 — %-11 %
Junior subordinated debentures588 587 585 — %1 %
Subordinated notes449 449 448 — %— %
Total borrowed funds10,937 10,937 12,184 — %-10 %
Other liabilities1,010 1,115 1,184 -9 %-15 %
Total liabilities79,767 79,573 79,368 — %1 %
Mezzanine equity:
Preferred stock - Series B1 1 1 — %— %
Stockholders' equity:
Preferred stock - Series A and D503 503 503 — %— %
Common stock4 4 4 — %— %
Paid-in capital in excess of par9,311 9,299 9,303 — %— %
Retained earnings(958)(958)(988)— %-3 %
Treasury stock, at cost(377)(161)(190)NM98 %
Accumulated other comprehensive loss, net of tax:(839)(547)(489)53 %72 %
Total stockholders' equity7,644 8,140 8,143 -6 %-6 %
Total liabilities, Mezzanine and Stockholders' Equity$87,412 $87,714 $87,512 — %— %


11

FLAGSTAR BANK, N.A.
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(unaudited)

September 30, 2026
For the Three Months Ended compared to
September 30, 2026June 30, 2026September 30, 2025June 30, 2026September 30, 2025
(dollars in millions, except per share data)
Interest Income:
Loans and leases$780 $751 $819 4 %-5 %
Securities and money market investments232 225 282 3 %-18 %
Total interest income1,012 976 1,101 4 %-8 %
Interest Expense:
Interest-bearing checking and money market accounts140 126 151 11 %-7 %
Savings accounts94 97 113 -3 %-17 %
Certificates of deposit201 201 255 — %-21 %
Borrowed funds117 112 157 4 %-25 %
Total interest expense552 536 676 3 %-18 %
Net interest income460 440 425 5 %8 %
Provision for credit losses76 18 38 NMNM
Net interest income after provision for credit losses384 422 387 -9 %-1 %
Non-Interest Income:
Fee income29 26 23 12 %26 %
Bank-owned life insurance11 13 12 -15 %-8 %
Net gain (loss) on investment securities— 4 22 NMNM
Net gain on loan sales and securitizations3 4 5 -25 %-40 %
Net loan administration income (loss)— 1 — NMNM
Other income27 28 32 -4 %-16 %
Total non-interest income70 76 94 -8 %-26 %
Non-Interest Expense:
Operating expenses:
Compensation and benefits228 220 242 4 %-6 %
Occupancy and equipment46 46 47 — %-2 %
Software expense
50 49 47 2 %6 %
FDIC insurance29 30 37 -3 %-22 %
Professional services
23 19 20 21 %15 %
General and administrative65 63 86 3 %-24 %
Total operating expenses441 427 479 3 %-8 %
Intangible asset amortization23 23 26 — %-12 %
Merger-related expenses
— — 17 NMNM
Total non-interest expense464 450 522 3 %-11 %
Income (loss) before income taxes(10)48 (41)NM-76 %
Income tax expense (benefit)(22)14 (5)NMNM
Net income (loss)12 34 (36)-65 %NM
Preferred stock dividends9 8 9 13 %— %
Net income (loss) attributable to common stockholders$3 $26 $(45)-88 %NM
Basic earnings (loss) per common share$0.01 $0.06 $(0.11)-83 %NM
Diluted earnings (loss) per common share$0.01 $0.06 $(0.11)-83 %NM
Dividends per common share$0.01 $0.01 $0.01 — %— %




12

FLAGSTAR BANK, N.A.
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
(unaudited)


For the Nine Months Ended
September 30, 2026September 30, 2025Compare
(dollars in millions, except per share data)
Interest Income:
Loans and leases$2,285 $2,519 -9 %
Securities and money market investments687 889 -23 %
Total interest income2,972 3,408 -13 %
Interest Expense:
Interest-bearing checking and money market accounts380 480 -21 %
Savings accounts292 334 -13 %
Certificates of deposit605 850 -29 %
Borrowed funds352 490 -28 %
Total interest expense1,629 2,154 -24 %
Net interest income1,343 1,254 7 %
Provision for credit losses94 181 -48 %
Net interest income after provision for credit losses1,249 1,073 16 %
Non-Interest Income:
Fee income78 67 16 %
Bank-owned life insurance34 32 6 %
Net loss on investment securities(5)22 NM
Net gain on loan sales and securitizations12 24 -50 %
Net loan administration income1 5 -80 %
Other income81 101 -20 %
Total non-interest income201 251 -20 %
Non-Interest Expense:
Operating expenses:
Compensation and benefits676 723 -7 %
Occupancy and equipment142 155 -8 %
Software expenses
146 127 15 %
FDIC insurance89 136 -35 %
Professional services
64 69 -7 %
General and administrative192 237 -19 %
Total operating expenses1,309 1,447 -10 %
Intangible asset amortization71 81 -12 %
Merger-related expenses
— 39 NM
Total non-interest expense1,380 1,567 -12 %
Income (loss) before income taxes70 (243)NM
Income tax expense (benefit)3 (37)NM
Net income (loss)67 (206)NM
Preferred stock dividends25 25 — %
Net income (loss) attributable to common stockholders$42 $(231)NM
Basic earnings (loss) per common share$0.10 $(0.56)NM
Diluted earnings (loss) per common share$0.09 $(0.56)NM
Dividends per common share$0.03 $0.03 — %



13

FLAGSTAR BANK, N.A.
RECONCILIATIONS OF CERTAIN GAAP AND NON-GAAP FINANCIAL MEASURES
In addition to GAAP measures, management considers various non-GAAP measures when evaluating the performance of the business.
We believe that non-interest income, operating expenses, pre-provision net (loss) revenue (which includes both non-interest income and non-interest expense), net income (loss), net income (loss) attributed to common stockholders, diluted earnings (loss) per share, the net interest margin, and our efficiency ratio as adjusted for items that we believe are not indicative of core operating results, such as but not limited to merger and restructuring expenses, litigation settlement expenses related to cases prior to the acquisition of Flagstar Bank, NA, fair value adjustments on non-core equity investments, as well as adjustments for severance and impairment charges and other exit costs resulting from strategic shifts in our operations provide valuable insights to investors by highlighting our underlying performance. These non-GAAP metrics also facilitate meaningful comparisons to other financial institutions, as they are widely used and frequently referenced by investors and analysts.
We believe average tangible common stockholders’ equity, tangible common stockholders’ equity, average tangible assets and tangible book value per share are important measures for evaluating the performance of the business without the impact of our intangible assets. These non-GAAP metrics also provide investors with important indications regarding our ability to grow the business, our ability to pay dividends as well as engage in capital strategies in addition to facilitating meaningful comparisons to other financial institutions, as they are widely used and frequently referenced by investors and analysts.
These non-GAAP measures should not be considered in isolation or as a substitute for comparable measures calculated in accordance with GAAP. Moreover, the way we calculate these non-GAAP measures may differ from that of other companies reporting non-GAAP measures with similar names. The following tables reconcile the above the non-GAAP financial measures we use to their comparable GAAP financial measures, to the extent not reconciled earlier in this earnings release, for the stated periods:
14


At or for the
Three Months Ended,Nine Months Ended,
(dollars in millions)September 30, 2026June 30, 2026September 30, 2025September 30, 2026September 30, 2025
Total Stockholders’ Equity$7,644 $8,140 $8,108 $7,644 $8,108 
Less: Core deposit and other intangible assets(310)(333)(407)(310)(407)
Less: Preferred stock - Series A and D (503)(503)(503)(503)(503)
Tangible common stockholders’ equity$6,831 $7,304 $7,198 $6,831 $7,198 
Total Stockholders’ Equity$7,644 $8,140 $8,108 $7,644 $8,108 
Less: Preferred stock - Series A and D$(503)$(503)$(503)$(503)$(503)
Common stockholders’ equity$7,141 $7,637 $7,605 $7,141 $7,605 
Total Assets$87,412 $87,714 $91,668 $87,412 $91,668 
Less: Core deposit and other intangible assets(310)(333)(407)(310)(407)
Tangible Assets$87,102 $87,381 $91,261 $87,102 $91,261 
Average common stockholders’ equity$7,583 $7,670 $7,628 $7,649 $7,604 
Less: Other intangible assets(326)(349)(424)$(349)$(451)
Average tangible common stockholders’ equity$7,257 $7,321 $7,204 $7,300 $7,153 
Average Assets$87,793 $86,694 $91,983 $87,184 $95,907 
Less: Core deposit and other intangible assets(326)(349)(424)(349)(451)
Average tangible assets$87,467 $86,345 $91,559 $86,835 $95,456 
GAAP MEASURES:
Return (loss) on average assets (1)
0.06 %0.16 %(0.16)%0.10 %(0.29)%
Return (loss) on average common stockholders' equity (2)
0.21 %1.37 %(2.31)%0.75 %(4.05)%
Book value per common share$17.82 $18.31 $18.30 $17.82 $18.30 
Common stockholders’ equity to total assets8.17 %8.71 %8.30 %8.17 %8.30 %
NON-GAAP MEASURES:
Return (loss) on average tangible assets (1)
0.06 %0.15 %(0.10)%0.11 %(0.22)%
Return (loss) on average tangible common stockholders’ equity (2)
0.22 %1.29 %(1.70)%0.85 %(3.45)%
Tangible book value per common share$17.05 $17.51 $17.32 $17.05 $17.32 
Tangible common stockholders’ equity to tangible assets7.84 %8.36 %7.89 %7.84 %7.89 %

(1)To calculate return on average assets for a period, we divide net income, or non-GAAP net income, generated during that period by average assets recorded during that period. To calculate return on average tangible assets for a period, we divide net income by average tangible assets recorded during that period.

(2)To calculate return on average common stockholders’ equity for a period, we divide net income attributable to common stockholders, or non-GAAP net income attributable to common stockholders, generated during that period by average common stockholders’ equity recorded during that period. To calculate return on average tangible common stockholders’ equity for a period, we divide net income attributable to common stockholders generated during that period by average tangible common stockholders’ equity recorded during that period.

At or for the
(dollars in millions, except per share data)Three Months Ended September 30, 2026
Tangible common stockholders’ equity$6,831 
Common shares outstanding as of September 30, 2026400,635,645
Dilution Impact of Warrants38,233,612
Common shares outstanding at the respective period-ends, incl. warrants438,869,257
Tangible book value per common share - adjusted for warrant exercise$15.56 
Weighted average dilutive potential common shares for the three months ended - GAAP 54,637,476 
Weighted average dilutive impact of convertible preferred(250,000)
Weighted average dilutive impact of options outstanding(3,291,956)
Weighted average dilutive impact of unvested share units(2,504,420)
Weighted average vs. ending share price adjustment on the dilutive impact of warrants outstanding(10,357,489)
Dilution impact of warrants on tangible book value- non GAAP(1)
38,233,612 

(1)Represents the net dilutive effect of warrants outstanding calculated using the treasury stock method. The dilution impact is computed based on 104,985,000 warrants outstanding with a conversion price of $7.42 and a closing share price of $11.67 as of September 30, 2026.

15


For the Three Months Ended For the Nine Months Ended
(dollars in millions, except per share data)September 30, 2026June 30, 2026September 30, 2025September 30, 2026September 30, 2025
Net income (loss) - GAAP$12 $34 $(36)$67 $(206)
Merger-related expenses(1)
— — 17 — 39 
Severance— — 8 — 10 
Lease cost acceleration related to closing branches— — — — 12 
Trailing mortgage sale costs with Mr. Cooper— — — — 8 
Litigation settlement— — 14 — 14 
Net (gain) loss on investment security— (4)(21)5 (21)
Total adjustments$— $(4)$18 $5 $62 
Tax effect on adjustments— 1 (4)(1)(16)
Net income (loss), as adjusted - non-GAAP
$12 $31 $(22)$71 $(160)
Preferred stock dividends9892525
Net income (loss) attributable to common stockholders, as adjusted - non-GAAP
$3 $23 $(31)$46 $(185)
(1)Certain merger-related items are not taxable or deductible.
(2)Amounts may not foot as a result of rounding.


For the Three Months Ended For the Nine Months Ended
September 30, 2026June 30, 2026September 30, 2025September 30, 2026September 30, 2025
AmountPer ShareAmountPer ShareAmountPer ShareAmountPer ShareAmountPer Share
Diluted Earnings (Loss) Per Share - GAAP$3$0.01$26$0.06$(45)$(0.11)$42$0.09$(231)$(0.56)
Adjustments— 0.00(4)(0.01)180.0450.01620.15
Tax effect on adjustments— 0.001 0.00(4)(0.01)(1)0.00(16)(0.04)
Diluted Earnings (Loss) Per Share, as adjusted - non-GAAP$30.01$230.05$(31)(0.07)$460.10$(185)(0.45)
Total shares for diluted earnings per common share
466,030,436473,623,332415,563,380468,707,328415,173,630
(1) Amounts may not foot as a result of rounding.

16


For the Three Months Ended For the Nine Months Ended
September 30, 2026June 30, 2026September 30, 2025September 30, 2026September 30, 2025
(dollars in millions)
Net interest income$460 $440 $425 $1,343 $1,254 
Non-interest income707694201251
Total revenues$530 $516 $519 $1,544 $1,505 
Total non-interest expense4644505221,3801,567
Pre - provision net revenue (loss) (non-GAAP)
$66 $66 $(3)$164 $(62)
Merger-related expenses— —17— 39
Severance— — 8 — 10 
Lease cost acceleration related to closing branches— — — — 12 
Trailing mortgage sale costs with Mr. Cooper— — — — 8 
Litigation settlement— — 14 — 14 
Net (gain) loss on investment security— (4)(21)5 (21)
Pre - provision net revenue (loss) excluding merger-related expenses, as adjusted (non-GAAP)
$66 $62 $15 $169 $— 
Provision for credit losses(76)(18)(38)(94)(181)
Merger-related expenses— —(17)— (39)
Severance— —(8)— (10)
Lease cost acceleration related to closing branches— ——— (12)
Trailing mortgage sale costs with Mr. Cooper— ——— (8)
Litigation settlement— —(14)— (14)
Net gain (loss) on investment security— 421(5)21
Income (loss) before taxes
$(10)$48 $(41)$70 $(243)
Income tax expense (benefit)
(22)14(5)3(37)
Net income (loss) (GAAP)
$12 $34 $(36)$67 $(206)
(1)Amounts may not foot as a result of rounding.

17

FLAGSTAR BANK, N.A.
NET INTEREST INCOME ANALYSIS
LINKED-QUARTER AND YEAR-OVER-YEAR COMPARISONS (unaudited)


For the Three Months Ended
September 30, 2026June 30, 2026September 30, 2025
(dollars in millions)Average BalanceInterestAverage Yield/CostAverage BalanceInterestAverage Yield/CostAverage BalanceInterestAverage Yield/Cost
Assets:
Interest-earning assets:
Total loans and leases (1)
$61,559 $780 5.03 %$60,971 $751 4.91 %$63,541 $819 5.15 %
Securities(2)
18,002 189 4.20 17,037 180 4.22 16,610 192 4.62 
Interest-earning cash and cash equivalents4,693 43 3.67 5,042 45 3.63 8,216 90 4.36 
Total interest-earning assets84,254 $1,012 4.77 83,050 $976 4.71 88,367 $1,101 4.94 
Non-interest-earning assets3,539 3,644 3,616 
Total assets$87,793 $86,694 $91,983 
Liabilities and Stockholders’ Equity:
Interest-bearing deposits:
Interest-bearing checking and money market accounts$20,453 $140 2.73 %$19,617 $126 2.55 %$19,562 $151 3.05 %
Savings accounts14,827 94 2.53 14,857 97 2.63 14,573 113 3.08 
Certificates of deposit20,631 201 3.86 20,694 201 3.90 23,052 255 4.38 
Total interest-bearing deposits55,911 435 3.09 55,168 424 3.08 57,187 519 3.60 
Borrowed funds10,477 117 4.41 10,276 112 4.37 13,191 157 4.74 
Total interest-bearing liabilities66,388 $552 3.30 65,444 $536 3.28 $70,378 $676 3.81 
Non-interest-bearing deposits12,234 11,970 12,079 
Other liabilities1,084 1,106 1,394 
Total liabilities79,706 78,520 83,851 
Stockholders’ and mezzanine equity
8,087 8,174 8,132 
Total liabilities and stockholders’ equity$87,793 $86,694 $91,983 
Net interest income/interest rate spread$460 1.47 %$440 1.43 %$425 1.13 %
Net interest margin2.17 %2.13 %1.91 %
Ratio of interest-earning assets to interest-bearing liabilities1.27 x1.27 x1.26 x
(1)Comprised of Loans and leases held for investment, net of deferred loan fees and costs, and Loans held for sale.
(2)Comprised of Debt securities available-for-sale at amortized cost, Equity investments with readily determinable fair values, at fair value and FHLB stock and FRB-NY stock, at cost.
(3)Amounts may not foot as a result of rounding.







18

For the Nine Months Ended
September 30, 2026September 30, 2025
(dollars in millions)Average BalanceInterestAverage Yield/CostAverage BalanceInterestAverage Yield/Cost
Assets:
Interest-earning assets:
Total loans and leases (1)
$61,126 $2,285 5.00 %$65,842 $2,519 5.13 %
Securities(2)
17,297 548 4.22 14,962 510 4.54 
Interest-earning cash and cash equivalents5,119 139 3.65 11,515 379 4.41 
Total interest-earning assets83,542 $2,972 4.76 92,319 $3,408 4.94 
Non-interest-earning assets3,642 3,588 
Total assets$87,184 $95,907 
Liabilities and Stockholders’ Equity:
Interest-bearing deposits:
Interest-bearing checking and money market accounts$19,597 $380 2.59 %$20,355 $480 3.15 %
Savings accounts14,863 292 2.63 14,426 334 3.10 
Certificates of deposit20,630 605 3.92 24,893 850 4.57 
Total interest-bearing deposits55,090 1,277 3.10 59,674 1,664 3.73 
Borrowed funds10,715 352 4.33 13,887 490 4.72 
Total interest-bearing liabilities65,805 $1,629 3.31 73,561 $2,154 3.91 
Non-interest-bearing deposits12,054 12,622 
Other liabilities1,172 1,616 
Total liabilities79,031 87,799 
Stockholders’ and mezzanine equity
8,153 8,108 
Total liabilities and stockholders’ equity$87,184 $95,907 
Net interest income/interest rate spread$1,343 1.45 %$1,254 1.03 %
Net interest margin2.15 %1.82 %
Ratio of interest-earning assets to interest-bearing liabilities1.27 x1.25 x
(1)Comprised of Loans and leases held for investment, net of deferred loan fees and costs, and Loans held for sale.
(2)Comprised of Debt securities available-for-sale at amortized cost, Equity investments with readily determinable fair values, at fair value and FHLB stock and FRB-NY stock, at cost.
(3)Amounts may not foot as a result of rounding.

19

FLAGSTAR BANK, N.A.
CONSOLIDATED FINANCIAL HIGHLIGHTS (unaudited)
(dollars in millions)

For the Three Months Ended For the Nine Months Ended
September 30, 2026June 30, 2026September 30, 2025September 30, 2026September 30, 2025
OTHER FINANCIAL MEASURES:
Efficiency ratio(1)
87.56 %87.08 %100.46 %89.39 %104.11 %
Efficiency ratio, as adjusted (2)
83.24 82.65 92.12 84.82 96.16 
Operating expenses to average assets(3)
2.01 1.97 2.08 1.50 1.51 
Effective tax rate217.8 28.2 12.2 3.4 15.2 
Shares used for basic EPS per common share411,392,960416,829,060415,563,380414,772,969415,173,630
Shares used for diluted EPS per common share466,030,436473,623,332415,563,380468,707,328415,173,630
Common shares outstanding at the respective period-ends400,635,645417,018,972415,608,145400,635,645415,608,145
(1)We calculate our efficiency ratio by dividing our non-interest expense by the sum of our net interest income and non-interest income.
(2)We calculate our efficiency ratio, as adjusted, by dividing our operating expenses by the sum of our net interest income and non-interest income.
(3)Three months ended presented on annualized basis.

FLAGSTAR BANK, N.A.
CONSOLIDATED FINANCIAL HIGHLIGHTS (unaudited)

ASSET QUALITY SUMMARY

The following table presents the Bank's asset quality measures at the respective dates:

September 30, 2026
compared to
(dollars in millions)September 30, 2026June 30, 2026September 30, 2025June 30, 2026September 30, 2025
Non-accrual loans held for investment:
Multi-family$2,125 $2,132 $2,440 — %-13 %
Commercial real estate
462 471 551 -2 %-16 %
One-to-four family first mortgage61 60 70 2 %-13 %
Commercial and industrial144 111 154 30 %-6 %
Other non-accrual loans25 26 26 -4 %-4 %
Total non-accrual loans held for investment2,817 2,800 3,241 1 %-13 %
Repossessed assets8 8 21 4 %-62 %
Total non-accrual held for investment loans and repossessed assets$2,825 $2,808 $3,262 1 %-13 %
Non-accrual loans held for sale:
Commercial real estate
— — 27 NMNM
One-to-four family first mortgage4 5 4 -20 %— %
Total non-accrual mortgage loans held for sale$4 $5 $31 -20 %-87 %



20

FLAGSTAR BANK, N.A.
SUPPLEMENTAL FINANCIAL INFORMATION (unaudited)

The following table presents information regarding the delinquency status of our loans held for investment:

(dollars in millions)
Current
Loans 30-89 Days Past Due
Loans 90 Days or More Past Due and Still Accruing
Non-Accrual Loans
Total Loans Receivable
September 30, 2026
Multi-family$23,381 $392 $50 $2,125 $25,948 
Commercial real estate7,508 79 53 462 8,102 
One-to-four family first mortgage5,791 13 2 61 5,867 
Commercial and industrial20,399 34 2 144 20,579 
Other1,412 12 — 25 1,449 
Total$58,491 $530 $107 $2,817 $61,945 
June 30, 2026
Multi-family$24,528 $233 $38 $2,132 $26,931 
Commercial real estate7,730 30 13 471 8,244 
One-to-four family first mortgage5,698 9 — 60 5,767 
Commercial and industrial18,370 82 — 111 18,563 
Other1,442 14 — 26 1,482 
Total
$57,768 $368 $51 $2,800 $60,987 
September 30, 2025
Multi-family$27,682 $344 $— $2,440 $30,466 
Commercial real estate9,495 117 — 551 10,163 
One-to-four family first mortgage5,424 19 — 70 5,513 
Commercial and industrial14,686 34 — 154 14,874 
Other1,598 21 — 26 1,645 
Total
$58,885 $535 $— $3,241 $62,661 



The following table summarizes the Bank's net charge-offs (recoveries) as a percentage of average loans held for investment, excluding LGG, for the respective periods:


For the Three Months Ended
September 30, 2026June 30, 2026September 30, 2025
(dollars in millions)Net Charge-offs (Recoveries)Average Balance
%(1)
Net Charge-offs (Recoveries)Average Balance
%(1)
Net Charge-offs (Recoveries)Average Balance
%(1)
Multi-family$50 $26,388 0.76 %$80 $27,331 1.17 %$46 $31,282 0.59 %
Commercial real estate
13 8,212 0.63 1 8,723 0.05 1810,432 0.69 
One-to-four family residential1 5,467 0.07 1 5,353 0.07 15,099 0.08 
Commercial and industrial7 19,485 0.14 13 17,446 0.30 114,388 0.03 
Other3 1,466 0.82 5 1,514 1.32 71,661 1.69 
Total$74 $61,018 0.49 %$100 $60,367 0.66 %$73 $62,862 0.46 %

(1)Three months ended presented on an annualized basis.

21


For the Nine Months Ended
September 30, 2026September 30, 2025
(dollars in millions)Net Charge-offs (Recoveries)Average Balance
%(1)
Net Charge-offs (Recoveries)Average Balance
%(1)
Multi-family$202 $27,416 0.98 %$222 $32,672 0.91 %
Commercial real estate22 8,710 0.34 33 10,975 0.40 
One-to-four family residential3 5,369 0.07 3 5,026 0.08 
Commercial and industrial12 17,533 0.09 32 14,599 0.29 
Other13 1,512 1.15 15 1,705 1.17 
Total$252 $60,540 0.56 %$305 $64,977 0.63 %
(1)Nine months ended presented on an annualized basis.
22
Third Quarter 2026 Results October 23, 2026

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 23rd Quarter 2026 Cautionary Statement Forward-Looking Information This earnings presentation and the associated conference call may include forward‐looking statements by us and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding, among other things: (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to achieve profitability goals within projected timeframes and to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to execute our capital management strategies, including our ability to complete our current stock repurchase program and to implement future stock repurchase programs; (g) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (h) our ability to achieve our financial and other strategic goals, including those related to our recent holding company reorganization, which was completed in October 2025 (the "Reorganization"), our merger with Flagstar Bancorp, Inc., which was completed in December 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023, and our ability to comply with the heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; (i) the impact of the $1.05 billion capital raise we completed in March 2024; (j) the conversion or exchange of shares of our preferred stock; (k) the payment of dividends on shares of our capital stock, including adjustments to the amount of dividends payable on shares of our preferred stock; (l) the dilution of existing equity holders associated with future equity awards and stock issuances; (m) the effects of the reverse stock split we effected in July 2024; and (n) the impact of the 2024 sale of our mortgage servicing operations, third party mortgage loan origination business, and mortgage warehouse business. Forward‐looking statements are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “should,” "confident," and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; we do not assume any duty, and do not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, including guidance or expectations regarding our future financial or operating results and long-term strategic objectives, and our future performance could differ materially from our historical results. Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; the ability to implement future stock repurchase programs, which are subject to the approval of the Board of Directors and other various factors, including the Bank's liquidity, capital position, and financial performance, accounting, and regulatory considerations as well as general market conditions; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; our ability to achieve the anticipated benefits of the Reorganization; changes in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; changes relating to rent regulation and housing, including recent legislative action in New York City to freeze rents effective October 1, 2026, on certain rent-regulated properties; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; the outcome of federal, state, and local elections and the resulting economic and other impact on the areas in which we conduct business; the impact of changing political conditions or federal government shutdowns; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; our ability to comply with heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; the restructuring of our mortgage business; our ability to achieve anticipated cost savings and enhanced efficiencies with respect to our balance sheet and expense reduction strategies; the impact of failures or disruptions in or breaches of our operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, civil unrest, international military conflict, terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed in December 2022, and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management's attention from ongoing business operations and opportunities; the possibility that we may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected. More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K for the year ended December 31, 2025, and in other reports we file with the Office of the Comptroller of the Currency (the “OCC”) and voluntarily file with the Securities and Exchange Commission (the “SEC”), and which are also available on our Investor Relations website. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our securities disclosure filings. All such files are accessible on our website at ir.flagstar.com, on the OCC's website at www.occ.gov, and on the SEC’s website at www.sec.gov.

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 33rd Quarter 2026 Strategic Plan Update Progress toward strategic priorities are still on track, however given a higher for longer interest rate environment our 2027 financial objectives have shifted to 2028 See cautionary statements on page 2 Guidance adjusted to reflect a higher interest rate environment and its impact on credit costs 1 Competitive deposit environment is impacting pricing and growth expectations 2 3

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 43rd Quarter 2026 Management Focus Areas Third Quarter 2026 Highlights • $2.0 billion net C&I loan growth • Record $2.9 billion of originations • Commercial deposits up 7% QoQ • 70 new relationships added during the quarter • $2.7 billion commitment pipeline Execute on C&I and Private Bank Growth Initiatives • Higher interest rates pressured credit costs • Net charge-offs of $74 million with a net charge- off ratio of 49 basis points; decrease of $26 million and 17 basis points compared to the prior quarter • Gross charge-offs of $84 million; lowest level of gross charge-offs since third quarter 2023 Proactive Management of CRE Portfolio • Multi-family and CRE par payoffs of $1.2 billion • 35% of par payoffs rated substandard • Multi-family loans down 4% QoQ • NYC rent regulated multi- family loans down 4% QoQ • CRE loans down 2% QoQ • CRE concentration ratio of 346% Prudent Approach to Credit • Net interest income up 5% QoQ • Net interest margin at 2.17%, up 4 basis points QoQ • Adjusted PPNR up 6% QoQ • Interest-bearing deposit costs up 1 basis point QoQ • Total deposit costs flat Strengthen Earnings Power 1 2 3 4 See cautionary statements on page 2 | See the reconciliations of these non-GAAP measures with the comparable GAAP measures on page 26 Executing on long-term strategic transformation

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 53rd Quarter 2026 Forecast Update ($ in millions, except per share data) 2026 2027 2028 Net Interest Income Prior guidance $1,815 – $1,830 ($1,860 - $1,960) $2,200 – $2,300 ($2,500 - $2,650) $2,600 – $2,700 Net Interest Margin Prior guidance 2.15 – 2.20% (2.20 - 2.30%) 2.55 – 2.65% (2.70 - 2.80%) 2.85 – 2.95% Provision for Loan Losses Prior guidance $160 – $170 ($90 - $140) $175 - $225 ($100 - $150) $150 - $200 Non-interest Income Prior guidance $275 – $290 ($310 - $330) $325 – $375 ($390 - $430) $390 – $430 Adjusted Opex(2) Prior guidance $1,735 – $1,750 ($1,700 - $1,750) $1,700 – $1,750 ($1,650 - $1,700) $1,700 – $1,750 Net Income Prior guidance $85 – $95 ($225 - $300) $400 – $500 ($800 - $900) $800 – $900 Long-Term Targets ROAA : 1%+ ROATCE: 11-12% CET1 Ratio: 10.5-11.5% See cautionary statements on page 2 | See notes on page 29 ($ in millions, except per share data) 2026 2027 2028 Diluted Adjusted EPS(1) Prior guidance $0.10 – $0.15 ($0.40 – $0.50) $0.85 – $0.95 ($1.60 – $1.70) $1.60 – $1.70 Efficiency Ratio(2) Prior guidance 80 – 85% (73 – 78%) 65 - 70% (50 – 55%) 55 - 60% ROAA Prior guidance 0.05 – 0.15% (0.25 – 0.35%) 0.45 – 0.55% (0.85 – 0.95%) 0.85 – 0.95% ROATCE Prior guidance 0.70 – 0.80% (2.75 – 3.25%) 5.50 – 6.00% (10.00 – 10.50%) 10.00 – 10.50% TBV Per Share(3) Prior guidance $15.00 – $15.50 ($15.50 – $16.00) $15.75 – $16.25 ($17.25 – $17.75) $17.25 – $17.75

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 63rd Quarter 2026 Guidance 2026 to 2027 Drivers Net Interest Income $1,815 – 1,830 FY2026E (Updated) Driven by: • C&I loan growth • Funded by deposit growth and CRE runoff $ in millions $215 - $235 Driven by: • Multi-family and CRE loans resetting to higher rates Balance Sheet Growth Fixed Asset Repricing Lower Nonaccrual Loans FY2027E (Updated) See cautionary statements on page 2 | Note: Change is illustrative, not drawn to scale Reflects Mid-point of Guidance Range Reflects Mid-point of Guidance Range $2,200 – 2,300 $170 - $190 $15 - $25

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 73rd Quarter 2026 Guidance 2027 to 2028 Drivers Net Interest Income $2,200 – 2,300 FY2027E (Updated) Driven by: • C&I loan growth • Funded by deposit growth and CRE runoff $ in millions $200 - $220 Driven by: • Multi-family and CRE loans resetting to higher rates Balance Sheet Growth Fixed Asset Repricing Lower Nonaccrual Loans FY2028E Reflects Mid-point of Guidance Range Reflects Mid-point of Guidance Range $2,600 – 2,700 $120 - $140 $40 - $50 $30 - $40 Funding Mix See cautionary statements on page 2 | Note: Change is illustrative, not drawn to scale

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 83rd Quarter 2026 Pre-Provision Net Revenue (PPNR) See cautionary statements on page 2 | See the reconciliations of these non-GAAP measures with the comparable GAAP measures on page 26 Adjusted PPNR Trends (Annually) FY24 FY25 FY26 FY27 FY28 $1 $61 $250 -$275 Reflects Guidance Range $ in millions $800 -$900 $1,225 -$1,325

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 93rd Quarter 2026 Diluted Earnings Per Share Trends See cautionary statements on page 2 | See the reconciliations of these non-GAAP measures with the comparable GAAP measures on page 25 | See notes on page 29 Adjusted Diluted EPS Trends (Annually) FY24 FY25 FY26 FY27 FY28(1) (1) $(2.68) $(0.37) $0.10 -$0.15 $0.85 -$0.95 (1) $1.60 -$1.70 Reflects Guidance Range

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 103rd Quarter 2026 1.91% 2.14% 2.15% 2.13% 2.17% 1.89% 3.60% 3.34% 3.13% 3.08% 3.09% 4.50% 4.25% 3.75% 3.75% 4.00% 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 FY25 FY26 FY27 FY28 Net Interest Margin | Proactively Managing Higher Net Interest Margin (Quarterly) Net interest margin expected to expand in 2027 and 2028 1. Multi-family loans resetting higher 2. Originating higher yielding commercial loans 3. Reduction in non-accrual loans 4. Balance sheet expansion Drivers See cautionary statements on page 2 | See notes on page 29 Reflects NIM Guidance Range 2.05%(1) 2.15% - 2.20% 2.50% - 2.60% Fed Funds Rate Interest-Bearing Deposit Costs Net Interest Margin (Annually) Sept. NIM 2.23% 2.85% - 2.95%

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 113rd Quarter 2026 $1,913 $(72) $(49) $(14) $(33) $1,745 FY25 Comp & Ben FDIC O&E G&A FY26E Non-interest Expense | Disciplined Management Highlights • Year over Year: adjusted operating expenses are estimated to decrease by approximately $165 million, or ~9% • Linked Quarter: adjusted operating expenses increased $14 million, or 3% • Reduction in operating expenses year over year reflects management’s commitment to improve efficiency across: ◦ personnel, ◦ vendor spend, ◦ real estate optimization, ◦ outsourcing and offshoring of certain functions, and ◦ FDIC expense Adjusted Operating Expenses(1) Adjusted Operating Expenses Linked Quarter(1) See cautionary statements on page 2 | See the reconciliations of these non-GAAP measures with the comparable GAAP measures on page 25 | See notes on page 29 Annual Adjusted Operating Expenses(1) $ in millions $ in millions $457 $462 $441 $427 $441 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 $427 $8 $(1) $7 $441 2Q 2026 Comp & Ben FDIC Exp G&A 3Q 2026 $ in millions -4% (2) (2) -9%

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 123rd Quarter 2026 Capital | Strong Capital Position CET1 Ratio Target operating range 10.5-11.5% 1. CET1 ratio of 12.38% is top quartile in peer group 2. +60 to 80 bps anticipated benefit to CET1 ratio under the proposed Basel III Endgame 3. Capital priorities include organic growth and capital actions to drive shareholder value Highlights $ in billions CET1 excess of low-end of target range of 10.5% 12.45% 12.83% 13.23% 13.16% 12.38% 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 $1.2B See cautionary statements on page 2

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 133rd Quarter 2026 Balance ($B) 9/30/2026 Noninterest-Bearing Demand $12.4 Interest-Bearing Demand $11.2 Money Markets $8.2 Savings $14.7 Retail CDs $15.0 Jumbo CDs $6.3 Total Deposits $67.8 Deposits | Overview Deposit ActivityWell Diversified Deposit Base by Product • Deposits increased $299 million, or 0.4% quarter over quarter primarily driven by growth in Commercial ("Cml"), mortgage-related deposits and brokered deposits, partially offset by lower Private Banking and Retail deposits • Interest-bearing deposit costs up only 1 basis point compared to prior quarter. Interest-bearing deposit costs down 51 basis points compared to the third quarter of 2025 • Insured deposits of 78%(2) at 9/30/2026, compared to peer average of 56% HighlightsDeposit Base by Business ($ in billions) 9/30/2026 Change QoQ ($) Change QoQ (%) Retail $36.0 $(0.5) (1.4)% Private Bank(1) $16.7 $(0.6) (3.3)% Commercial(1) $9.2 $0.6 6.6% Mortgage $3.1 $0.3 10.7% Core Deposits $64.9 $(0.2) (0.3)% Brokered & Other $2.9 $0.5 21.3% Total Deposits $67.8 $0.3 0.4% $ in billions See notes on page 29 $67.5 $(0.6) $0.6 $0.3 $(0.5) $0.5 $67.8 6/30/2026 Private Bank Cml Mortgage Retail Brokered & Other 9/30/2026

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 143rd Quarter 2026 501% 346% 12/31/2023 9/30/2026 Commercial Real Estate | Payoffs and CRE Concentration Trends 3Q 2026 Payoffs Total Substandard (%) 2Q 2026 Payoffs Total Substandard (%) Multi-Family $837 million 39% $875 million 44% Office $127 million 4% $31 million 6% Non-Office CRE $207 million 35% $177 million 19% Total CRE $1.2 billion 35% $1.1 billion 39% CRE payoffs at par of $1.2B with 35% of the payoffs from substandard loans in the third quarter CRE Portfolio Payoffs at Par Total CRE Balances(1) CRE payoffs and paydowns driving significant reduction in total CRE balances and in the concentration ratio 155pp CRE Concentration Ratio(2) $ in billions -34% See notes on page 29 $47.7 $31.4 12/31/2023 9/30/2026

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 153rd Quarter 2026 Multi-Family | Portfolio Overview Highlights • MF portfolio ALLL at 1.63%, among the highest relative to peers(2); MF rent regulated >= 50% ALLL at 2.97% • Average loan size of $8.8 million • MF loans down $1.0 billion, or 4%, QoQ; NYC rent regulated MF loans down $370 million, or 4%, QoQ • Have taken $739 million of net charge-offs on the multi- family portfolio since Jan. 2024 Proactively Reducing Multi-Family (MF) Exposure(1) $ in billions Multi-Family ALLL Ratio vs Peers(2) Option/Contractual Maturity per Year (UPB)(1) $ in billions % Reflects WAC See notes on page 29 3.53% 3.73% 4.66%4.26% $28.8 $27.1 $26.0 $25.1 $24.1 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 -16% 1.6% 0.8% 0.6% 0.6% 0.5% 0.4% FLG Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 $1.7 $8.4 $4.9 $3.6 4Q26 2027 2028 2029 4.48% 3.91% 4.20% 4.49% $1.5$1.4 $2.9 $0.6 Reflects NYC RR >=50%

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 163rd Quarter 2026 $0.6 $2.9 $1.4 $1.5 4Q26 2027 2028 2029 Brooklyn, $3,079, 37.9% Bronx, $2,161, 26.6% Manhattan, $1,696, 20.9% Queens, $1,152, 14.2% Staten Island, $32, 0.4% Portfolio Characteristics Loan Resets   Book Balance Average Balance Occ Rate Current LTV Amortizing DSCR Repriced Reset < 18 Months Repriced or < 18 Months Market & <50% $  4,737  $  4.9  98% 45% 1.16x 70% 21% 91% >=50% RR   8,120    5.9  97% 71% 1.24x 54% 34% 88% Total NYC $ 12,857 $ 5.5 98% 61% 1.21x 60% 29% 89% NYC >=50% RR                 Pass Rate $  3,719  $  6.1  97% 60% 1.53x 57% 24% 81% SM + Substandard   2,723    7.0  97% 77% 1.14x 39% 54% 93% Nonaccrual Loans   1,679    4.6  97% 85% 0.74x 72% 21% 93% Total >=50% RR $ 8,120 $ 5.9 97% 71% 1.24x 54% 34% 88% Multi-Family | New York City (NYC) Portfolio Details NYC Multi-Family Portfolio (as of 9/30/2026) $ in millions (3) (1) (2) Location Breakdown >=50% RR $ in millions Option/Contractual Maturity per Year (UPB) $ in billions % Reflects WAC>=50% RR See notes on page 29 3.92%3.88% 4.61% 5.05% $8,120M

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 173rd Quarter 2026 NALs Special Mention + Substandard Total $ % $ % $ % Balance $  2,027    $  2,730    $  4,757    Less: NCOs $  348   17.17 % $  7   0.26 % $  355   7.46 % Book Balance $  1,679    $  2,723    $  4,402    ACL $  72   4.32 % $  148   5.45 % $  220   5.00 % Loan Review Credit Metrics   Book Balance Recent Appraisal Financials Reviewed ACL % to Loans NCOs Nonaccrual Loans Market & <50% $  4,737  36% 96.0% 0.81% $  19  $  197  >=50% RR   8,120  51% 97.0%   3.23%   355    1,679  Total NYC $ 12,857 46% 97.0% 2.34% $ 374 $ 1,875 NYC >=50% RR         Pass Rate $  3,719  26% 99.0% 1.11% $  —  SM + SS   2,723  57% 95.0% 5.45%   7  Nonaccrual Loans   1,679  99% 97.0%   4.32%   348  Total >=50% RR $ 8,120 51% 97.0% 3.23% $ 355 Multi-Family | New York City (NYC) Credit Details NYC Multi-Family Portfolio (as of 9/30/2026) $ in millions (4) (1) (2) Proactive management of rent regulated portfolio • Criticized + classified ACL coverage of 5.02% • $355 million of net charge-offs since Jan. 2024 for loans remaining in the portfolio • $2.3 billion in payoffs since beginning of 2024; 55% from substandard Rigorous loan review performed on portfolio supports current LTVs and amortizing DSCRs • 97% of rent regulated loans have gone through extensive financial review since 1/1/2024 • 73% of criticized + classified loans have had an appraisal since 1/1/2024 Criticized + Classified Loans(5) (7) (6) Observations See notes on page 29 $ in millions (3)

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 183rd Quarter 2026 6/30/2026 9/30/2026 ($ in millions) Allowance ALLL % Allowance ALLL % Change in ALLL % Multi-Family (MF) $439 1.63% $424 1.63% — bps MF Rent Regulated >=50% (excl. Co-op) $281 2.87% $283 2.97% 10 bps MF at Market and Rent Regulated <50% (excl. Co-op) $153 1.00% $136 0.93% (7) bps Co-op $5 0.27% $5 0.28% 1 bps CRE $148 1.87% $138 1.79% (8) bps Office (ex. Owner-Occupied) $55 3.00% $52 2.92% (8) bps Non-Office (incl. Owner-Occupied) $93 1.53% $86 1.45% (8) bps C&I (incl. Office Owner-Occupied) $182 0.96% $203 0.97% 1 bps 1-4 Family $35 0.61% $42 0.72% 11 bps Home Equity $52 3.84% $49 3.70% (14) bps Consumer and Other $13 10.00% $13 10.57% 57 bps Total Loans HFI and Allowance for Loan Losses $869 1.42% $869 1.40% (2) bps Unfunded Commitment Reserve $56 $58 Total Allowance for Credit Losses $925 1.52% $927 1.50% (2) bps Asset Quality | Allowance for Credit Loss Detail

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 193rd Quarter 2026 Asset Quality Criticized + Classified Loans (including LHFS)(1) Total Non-accrual Loans (including LHFS) Highlights • Criticized + classified loans increased $670 million, or 6% compared to the prior quarter • Criticized + classified loans decreased slightly compared September 30, 2025 • Non-accrual loans were up $16 million to $2.8 billion; 42% of NALs are performing • NCOs to average loans of 0.49%(2) for the third quarter 2026 Net Charge-off Composition Trend $ in millions$ in billions See notes on page 29 $12.4 $12.1 $11.8 $11.6 $12.3 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 -0.9% $2,805 $2,821 6/30/2026 9/30/2026 0.6% $260 $233 $124 $140 $92 $93 $113 $120 $84 $20 $11 $9 $23 $19 $47 $35 $20 $10 3Q 2024 4Q 2024 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 $ in millions 42% Performing

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 203rd Quarter 2026 Commercial Banking Overview | Momentum in Focus Areas C&I Loan Balance Trend(1) $ in millions New and Increased C&I Loan Originations $ in millions • Continued strength in our strategic focus areas drove solid C&I results, generating $4.6 billion in loan commitments and $2.9 billion in originations • Equipment Finance growth driven by market opportunities and further investment in sales talent • Pipeline at $2.7 billion in commitments • Added 70 new relationships during the quarter $1,843 $2,093 $2,002 $2,801 $2,897 $272 $364 $328 $375 $653 $26 $1 $78 $5 $79 $140 $22 $403 $885 $1,195 $769 $1,902 $1,682$520 $511 $424 $519 $483 Equipment Finance Asset-Based Lending Mortgage Finance Specialized Industries Corporate & Regional Commercial Banking 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 $14,874 $15,217 $16,568 $18,563 $20,579 $3,229 $4,361 $4,956 $6,631 $8,048$1,463 $1,806 $2,049 $2,424 $2,619 $4,595 $4,331 $4,147 $4,166 $4,333 $2,686 $2,287 $2,423 $2,390 $2,242 $1,089 $654 $1,049 $940 $967 $1,812 $1,776 $1,945 $2,012 $2,371 Specialized Industries Corporate & Regional Commercial Banking Equipment Finance Asset-Based Lending Mortgage Finance Public Finance & Other 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 • Two-pronged strategy continued momentum with total commercial and industrial loans higher by $2.0 billion, up 11% vs the prior quarter • Growth led by Specialized Industries and Corporate & Regional Commercial Banking with end of period loans at 9/30/26 increasing $1.6 billion, or 18% vs the prior quarter See notes on page 29

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 213rd Quarter 2026 Commercial Banking Overview | Momentum in Focus Areas C&I Loans HFI at September 30, 2026 ($ in millions) 6/30/2026 9/30/2026 Change QoQ ($) Change QoQ (%) Specialized Industries $6,631 $8,048 $1,417 21% Corporate & Regional Commercial Banking 2,424 2,619 195 8% Equipment Finance 4,166 4,333 167 4% Asset-Based Finance 2,390 2,242 (148) (6)% Mortgage Finance 940 967 27 3% Public Finance & Other 2,012 2,371 359 18% Total C&I $18,563 $20,579 $2,016 11%

 

Appendix

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 233rd Quarter 2026 Specialized Industries | Value-creation Strategy Focused Strategy and Competitive Differentiators Strategy Delivering Results • Oil & Gas • Power & Renewables • Public & Nonprofit Fin • Sponsor Finance • Sports • Technology, Media & Communications • Asset-Based Lending • Dealer Finance • Entertainment • Environmental • Equipment Finance • Food & Beverage • Franchise Finance • Funds Finance • Healthcare • Inst’l Bkg Solutions • Insurance • Leisure/Hosp/Gaming • Lender Finance • Mortgage Finance Diverse Lending Verticals • National model | Fast decisioning | Delivering industry insights • Focused on serving the unique needs of specific industries ◦ Expanded and strengthened product offerings, capabilities, and capital markets expertise • Hiring senior, mid-career bankers possessing deep industry expertise and relationships from other regional and large banks with a proven track record of successfully building a relationship-based C&I business Commitments and Originations Retail Branch Private Bank • 3Q'26 new credit commitments and new loan originations remained strong at $3.0 billion and $2.0 billion, respectively • Added 48 new relationships in Q3 • Hired 22 Specialized Industries and Capital Markets focused producers and credit professionals in Q3 • Plan to hire up to an additional 5-10 Specialized Industries bankers in the fourth quarter 2026 Specialized Industries Hub $s in millions $885 $1,195 $769 $1,902 $1,682 $1,273 $1,844 $1,165 $2,916 $2,979 New Loan Originations New Credit Commitments 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 243rd Quarter 2026 Corporate & Regional Commercial Banking | Value-creation Strategy Focused Strategy and Competitive Differentiators Strategy Delivering Results • Relationship-based national corporate banking effort focused on the diversified industries • Building a robust middle market commercial banking franchise in all of Flagstar’s key geographies • Focus on companies with revenues greater than $50 million while delivering expanded and strengthened product offerings and capabilities with senior bankers, quick decisioning and access to key executive leaders as our core competitive advantage • Hiring senior, mid-career bankers from other regional and large banks who possess deep local business relationships with a proven track record of successfully building a C&I business • 3Q'26 new credit commitments and new loan originations remained strong at $1.0 billion and $483 million, respectively • Added 22 new relationships in Q3 and 62 on a YTD basis • Hired 13 new Commercial Banking producers and credit underwriters in Q3 • Plan to hire up to an additional 5-10 Corporate & Regional Commercial Banking producers in the fourth quarter 2026 Great Lakes NYC Metro Southwest Southeast Key Geographies Private Bank Commitments and Originations(1) Commercial Hub $s in millions $520 $511 $424 $519 $483 $795 $817 $640 $880 $951 New Loan Originations New Credit Commitments 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Retail Branch TX See notes on page 29

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 253rd Quarter 2026 Note: $ in millions except share data. Please note that columns of data may not add due to rounding. Reconciliations of GAAP and Non-GAAP Measures Adjusted Non-interest Expense 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Non-interest expense $522 $509 $466 $450 $464 Less: Intangible asset amortization 26 26 25 23 23 Less: Merger-related and restructuring expenses 17 17 — — — Less: Severance costs 8 4 — — — Less: Litigation settlement 14 — — — — Adjusted operating expense $457 $462 $441 $427 $441 Adjusted Diluted Earnings Per Share 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 Diluted (Loss) Earnings - GAAP -$45 $21 $13 $26 $3 Adjustments 18 12 9 (4) — Tax effect on adjustments (4) (3) (2) 1 — Diluted (Loss) Earnings, as adjusted - non-GAAP $(31) $30 $20 $23 $3 Diluted (Loss) Earnings Per Share - GAAP $(0.11) $0.05 $0.03 $0.06 $0.01 Adjustments 0.04 0.03 0.02 (0.01) — Tax effect on adjustments (0.01) (0.01) — — — Diluted (Loss) Earnings Per Share, as adjusted - non-GAAP $(0.14) $0.06 $0.04 $0.05 $0.01

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 263rd Quarter 2026 Note: $ in millions except share data. Please note that columns of data may not add due to rounding. Reconciliations of GAAP and Non-GAAP Measures Pre-provision net revenue (loss) 3Q 2025 4Q 2025 1Q 2026 2Q 2026 3Q 2026 FY24 FY2025 Net interest income $425 $467 $443 $440 $460 $2,152 $1,721 Non-interest income 94 90 55 76 70 400 341 Total revenue 519 557 498 516 530 2,552 2,062 Total non-interest expense 522 509 466 450 464 2,838 2,076 Pre-provision net revenue (loss) (non-GAAP) (3) 48 32 66 66 (286) (14) Merger-related expenses 17 17 — — — 106 56 Certain items related to sale on mortgage warehouse business — — — — — 32 — Net impact of mortgage/servicing sale and related activity — — — — — (80) — Severance 8 4 — — — 31 14 Long term asset impairment — — — — — 77 — Lease cost acceleration related to closing branches — — — — — — 13 Trailing mortgage sale costs with Mr. Cooper — — — — — — 8 Litigation settlement 14 — — — — — 14 Net (gain) loss on investment security (21) (9) 9 (4) — — (30) Bargain purchase gain — — — — — 121 — Pre - provision net revenue (loss), as adjusted (non-GAAP) $15 $60 $41 $62 $66 $1 $61

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 273rd Quarter 2026 Note: $ in millions except share data. Please note that columns of data may not add due to rounding. Reconciliations of GAAP and Non-GAAP Measures Tangible Book Value Per Common Share 9/30/2026 Total stockholders equity (A) $ 7,644 Less: Core deposit and other intangibles 310 Less: Preferred stock 503 Tangible common stockholders equity (B) $ 6,831 Common shares outstanding (C) 400,635,645 Dilution impact of outstanding warrants 38,233,612 Common shares outstanding, incl. Warrants (D) 438,869,257 Book book value per common share (A / C) $ 17.82 Tangible book value per common share (B / C) $ 17.05 Tangible book value per common share (B / D) $ 15.56

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 283rd Quarter 2026 Bank Ticker Citizens Financial CFG Fifth Third Bancorp FITB First Citizens Banc. FCNC.A First Horizon FHN Huntington Banc. HBAN KeyCorp KEY M&T Bank MTB Pinnacle Financial Partners PNFP Regions Financial RF Valley National VLY Western Alliance WAL Zions Bancorp ZION Peer Group

 

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 293rd Quarter 2026 Notes Slide 5 1. Includes warrants and options – warrant and options dilution calculated using the treasury stock method with projected share price based on a 1.0x tangible book value multiple 2. Excludes impact from intangible asset amortization and merger-related expenses 3. Includes warrants – warrant options dilution calculated using the treasury stock method with projected share price based on a 1.0x tangible book value multiple Slide 9 1. Includes warrants and options – warrant and options dilution calculated using the treasury stock method with projected share price based on a 1.0x tangible book value multiple Slide 10 1. Reflects net interest margin adjusted for $20.5 million hedge benefit in the fourth quarter of 2025 Slide 11 1. Excludes impact from intangible asset amortization, merger-related expenses, and other adjustments 2. Includes software and professional expenses Slide 13 1. In the current quarter, a balance transfer of approximately $275 million was reclassified from the Private Bank business line to Commercial. As of 6/30/2026, ending balances have been adjusted to reflect this transfer — Private Bank reduced by $275 million and Commercial increased by $275 million. 2. Excludes collateralized deposits and excludes internal deposits Slide 14 1. Total CRE excludes $2.6 billion of owner-occupied CRE 2. Calculated as: Total CRE balances (excluding $2.6 billion of owner occupied CRE) / (Tier 1 Capital + Allowance for Loans & Lease Losses) Slide 15 1. Reflects Multi-Family UPB excluding Co-op loans 2. Northeast Multi-Family peers include banks with disclosed Multi-Family ALLL ratios: BPOP and EWBC as of 6/30/26, DCOM as of 3/31/26, and FFIC and BBT as of 9/30/25 Slide 16 1. Current LTV is calculated by dividing the most recent appraised value by the current loan amount 2. Amortizing DSCR includes hypothetical amortization for deals in interest-only periods 3. Reflects rent regulated percent based on units at origination Slide 17 1. Reflects percent of appraisals received based on book balance since 1/1/2024 2. Reflects financials reviewed since 1/1/2024 as a percent of book balance 3. Reflects cumulative net charge-offs since 1/1/2024 for loans remaining in the portfolio 4. Reflects rent regulated percent based on units at origination 5. Reflects ACL coverage ratio at 9/30/2026 and all NCOs taken on loans in the portfolio at 9/30/2026 6. Sum of book balance plus net charge-offs 7. Defined as >=50% units are rent regulated Slide 19 1. Shown on UPB basis and excludes one-to-four family residential loans and other loans, which primarily includes HELOCs 2. Presented on an annualized basis Slide 20 1. Prior quarters were adjusted for a reclass from Asset-Based Finance to Equipment Finance category: 9/30/25 ~$956 million, and 12/31/25 $842 million Slide 24 1. Excludes ABL transactions, which are included as Specialized Industries When necessary, certain reclassifications have been made to prior-period amounts to conform to the current-period presentation.

 

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