What share repurchase program did Flagstar Bank (FLG) authorize?

The board authorized a common stock repurchase program of up to $250 million of outstanding common shares over the next 12 months. Repurchases may occur via open-market purchases, including under Rule 10b5-1 trading plans, or privately negotiated transactions, and the program may be modified or discontinued anytime.

How are Flagstar Bank (FLG)’s credit quality metrics trending in Q2 2026?

Total non-accrual loans held for investment were $2,800 million , 4.59% of total loans, with NPAs to total assets at 3.20%. Net charge-offs were $100 million , or 0.66% of average loans, and the total allowance for credit losses was $925 million , or 1.52% of total loans HFI.

Flagstar Bank (NYSE: FLG) returns to profit, unveils $250M repurchase

Q: What were Flagstar Bank (FLG)’s Q2 2026 earnings?

Flagstar Bank reported Q2 2026 net income of $34 million , with net income attributable to common stockholders of $26 million , or $0.06 per diluted share. This compares with a net loss attributable to common stockholders of $78 million, or $(0.19) per share, in Q2 2025.

Q: How did Flagstar Bank (FLG)’s loans and deposits change in Q2 2026?

Total loans and leases held for investment were $60,987 million , up $562 million from Q1 2026, led by a $2.0 billion (12%) increase in C&I loans to $18.6 billion . Total deposits rose to $67,521 million , with core deposits up $644 million and C&I and Private Bank deposits up $905 million.

Q: What is Flagstar Bank (FLG)’s capital position after Q2 2026?

Flagstar ended Q2 2026 with a CET1 capital ratio of 13.16% , tier 1 risk-based ratio of 13.99%, total risk-based ratio of 16.58%, and leverage ratio of 9.70%. Management cites $1.6 billion of excess capital using the low end of its 10.5% CET1 target range.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Flagstar Bank, N.A. reported second quarter 2026 net income of $34 million, with net income attributable to common stockholders of $26 million or $0.06 per diluted share, compared with a net loss attributable to common stockholders of $78 million or $(0.19) per share a year earlier. Adjusted net income attributable to common stockholders was $23 million or $0.05 per share. Pre-provision net revenue rose to $66 million (adjusted $62 million), helped by higher non-interest income and a 3% decline in operating expenses, while net interest margin was relatively stable at 2.13%.

Total loans and leases held for investment were $60,987 million at June 30, 2026, including a $2.0 billion (12%) quarter-over-quarter increase in C&I loans to $18.6 billion, and total deposits increased to $67,521 million, with core deposits up $644 million. Credit trends were mixed: criticized and substandard loans declined, but non-accrual loans rose 5% quarter over quarter and net charge-offs reached $100 million, or 0.66% of average loans. The total allowance for credit losses was $925 million, or 1.52% of total loans held for investment. Capital remained strong with a common equity tier 1 ratio of 13.16% and an estimated $1.6 billion of excess capital. The board authorized a common stock repurchase program for up to $250 million over 12 months, and management provided 2026–2027 guidance including diluted adjusted EPS of $0.40–$0.50 for 2026 and $1.60–$1.70 for 2027.

Positive

Q2 2026 marked a return to profitability, with net income of $34 million and net income attributable to common stockholders of $26 million, versus a net loss attributable to common stockholders of $78 million in second quarter 2025.
The board approved a $250 million share repurchase program over 12 months, supported by a common equity tier 1 ratio of 13.16% and an estimated $1.6 billion of excess capital.

Negative

None.

Filing Explained

The filing’s $250 million buyback is a maximum authorization, not a committed purchase amount: timing and the exact amount depend on capital, regulatory and market factors, and the program may be modified, suspended or discontinued.

8-K Event Classification

4 items: 2.02, 7.01, 8.01, 9.01

4 items

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 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income: $34 million Net income attributable to common stockholders: $26 million Diluted EPS: $0.06 +5 more

8 metrics

Net income $34 million Consolidated net income for second quarter 2026

Net income attributable to common stockholders $26 million Q2 2026 net income attributable to common stockholders

Diluted EPS $0.06 Q2 2026 diluted earnings per common share

Adjusted diluted EPS $0.05 Q2 2026 diluted EPS, as adjusted for Figure Investment gain

Pre-provision net revenue (PPNR) $66 million Pre-provision net revenue for second quarter 2026

Total loans and leases held for investment $60,987 million Loans and leases HFI at June 30, 2026

Total deposits $67,521 million Deposits at June 30, 2026

CET1 capital ratio 13.16% Common equity tier 1 regulatory capital ratio at June 30, 2026

Key Terms

pre-provision net revenue, Common equity tier 1 ratio, non-accrual loans, allowance for credit losses, +1 more

5 terms

pre-provision net revenue financial

"Pre - provision net revenue/(loss) (non-GAAP) | $ | 66"

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.

Common equity tier 1 ratio financial

"Common equity tier 1 ratio | 13.16 | %"

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 held for investment | $2,800"

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.

allowance for credit losses financial

"Total ACL of $0.9 billion or 1.52% of total loans HFI"

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.

rent-regulated units financial

"multi-family loans with 50% or greater rent-regulated units declined $338 million"

Earnings Snapshot

Net income: $34 million · Guidance included

quarter ended June 30, 2026

Net income $34 million up from $21 million in first quarter 2026 and a net loss of $70 million in second quarter 2025

Net income attributable to common stockholders $26 million up from $13 million in first quarter 2026 and a net loss of $78 million in second quarter 2025

Diluted EPS $0.06 up from $0.03 in first quarter 2026 and $(0.19) in second quarter 2025

Adjusted diluted EPS $0.05 up from $0.04 in first quarter 2026 and $(0.14) in second quarter 2025

Pre-provision net revenue (PPNR) $66 million up from $32 million in first quarter 2026 and a pre-provision net loss of $17 million in second quarter 2025

Net interest income $440 million slightly down from $443 million in first quarter 2026 and up from $419 million in second quarter 2025

Net interest margin 2.13% down 2 basis points from 2.15% in first quarter 2026 and up from 1.81% in second quarter 2025

Total loans and leases held for investment $60,987 million up from $60,425 million at March 31, 2026

Total deposits $67,521 million up from $66,832 million at March 31, 2026

Guidance

Management projected 2026 diluted adjusted EPS of $0.40–$0.50 and 2027 diluted adjusted EPS of $1.60–$1.70, with 2026 net income of $225–$300 million and a 2026 net interest margin of 2.20–2.30%.

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

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Understanding 8-K Material Events →

Available on EDGAR 07/24/2026 - 06:08 AM Accepted by SEC EDGAR 07/24/2026 - 06:08 AM

FAQ

What were Flagstar Bank (FLG)’s Q2 2026 earnings?

Flagstar Bank reported Q2 2026 net income of $34 million, with net income attributable to common stockholders of $26 million, or $0.06 per diluted share. This compares with a net loss attributable to common stockholders of $78 million, or $(0.19) per share, in Q2 2025.

What adjusted earnings did Flagstar Bank (FLG) report for Q2 2026?

On an adjusted basis, net income attributable to common stockholders was $23 million, or $0.05 per diluted share, excluding a $4 million gain on sale of the Figure Technology Solutions, Inc. investment. This compares with adjusted net income to common of $20 million, or $0.04 per share, in Q1 2026.

How did Flagstar Bank (FLG)’s loans and deposits change in Q2 2026?

Total loans and leases held for investment were $60,987 million, up $562 million from Q1 2026, led by a $2.0 billion (12%) increase in C&I loans to $18.6 billion. Total deposits rose to $67,521 million, with core deposits up $644 million and C&I and Private Bank deposits up $905 million.

What is Flagstar Bank (FLG)’s capital position after Q2 2026?

Flagstar ended Q2 2026 with a CET1 capital ratio of 13.16%, tier 1 risk-based ratio of 13.99%, total risk-based ratio of 16.58%, and leverage ratio of 9.70%. Management cites $1.6 billion of excess capital using the low end of its 10.5% CET1 target range.

What 2026–2027 financial guidance did Flagstar Bank (FLG) provide?

Management projected 2026 diluted adjusted EPS of $0.40–$0.50 and 2027 diluted adjusted EPS of $1.60–$1.70. Guidance also includes 2026 net income of $225–$300 million, net interest margin of 2.20–2.30%, and long-term targets of ROAA above 1% and CET1 of 10.5–11.5%.

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): July 24, 2026

Flagstar Bank, National Association

(Exact Name of Registrant as Specified in Charter)

United States of America

1-31565

38-2734984

(State or Other Jurisdiction
of Incorporation)

Commission File Number

(IRS Employer Identification No.)


102 Duffy Avenue,	Hicksville,	New York	11801
(Address of principal executive offices)

(516) 683-4100

(Registrant's telephone number, including area code)

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

Title of each class

Trading symbol(s)

Name of each exchange on which registered

Common stock, $0.01 par value per share

FLG

New York Stock Exchange

Bifurcated Option Note Unit Securities SM

FLG PRU

New York Stock Exchange

Depositary Shares each representing a 1/40th interest in a share of Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred Stock

FLG PRA

New 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 2.02			Results of Operations and Financial Condition

On July 24, 2026, Flagstar Bank, National Association (the “Bank”) issued a press release reporting its financial results for the quarter ended June 30, 2026. A copy of the press release is attached as Exhibit 99.1 to this report.


Item 7.01			Regulation FD Disclosures

Beginning on July 24, 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 8.01			Other Events

On July 24, 2026, the Bank issued a press release announcing that its Board of Directors has authorized a common stock repurchase program under which the Bank may repurchase up to $250 million of its outstanding common stock over the next 12-month period.

Repurchases may be conducted through open-market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. The timing and exact amount of any share repurchases will be subject to a variety of factors, including the availability of stock for repurchases, the Bank’s capital position and financial performance, regulatory considerations, and general market conditions. The share repurchase program does not obligate the Bank to acquire any specific number of shares and may be modified, suspended, or discontinued at any time without prior notice. Any future stock repurchase programs would be 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, and general market conditions.

A copy of the press release is attached as Exhibit 99.3 to this current report on Form 8-K and is incorporated by reference herein.

The information in Item 2.02 and Item 7.01 this Current Report on Form 8-K and the accompanying Exhibits 99.1 and 99.2 shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by reference in such filing.


Item 9.01			Financial Statements and Exhibits

(d) Exhibits


Exhibit						Description of Exhibit
No.
99.1						Press release regarding Results of Operations and Financial Condition issued by the Bank on July 24, 2026
99.2						Written presentation to be distributed and made available to investors, and posted on the Bank's website, beginning July 24, 2026
99.3						Press release regarding repurchases issued by the Bank on July 24, 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:	July 24, 2026	FLAGSTAR BANK, NATIONAL ASSOCIATION

		/s/ Salvatore DiMartino
		Salvatore DiMartino
		Executive Vice President and Director of Investor Relations



102 Duffy Avenue, Hicksville, NY 11801 ● Phone: (516) 683-4420 ● flagstar.com

FLAGSTAR BANK REPORTS SECOND QUARTER 2026 NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $0.06 PER DILUTED SHARE AND ADJUSTED NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $0.05 PER DILUTED SHARE

•ANNOUNCES $250 MILLION SHARE REPURCHASE PROGRAM

•THIRD CONSECUTIVE QUARTER OF PROFITABILITY AS PRE-PROVISION NET REVENUES INCREASED $34 MILLION ON AN UNADJUSTED BASIS AND $21 MILLION ON AN ADJUSTED BASIS

•COST OF DEPOSITS DECLINED FIVE BASIS POINTS, WHILE TOTAL DEPOSITS INCREASED NEARLY $700 MILLION IN THE SECOND QUARTER AND APPROXIMATELY $1.5 BILLION YEAR-TO-DATE

•BALANCE SHEET GREW APPROXIMATELY $600 MILLION DRIVEN BY SOLID CORE C&I LOAN AND DEPOSIT GROWTH FROM CONTINUED EXPANSION OF THE COMMERCIAL BANKING PLATFORM

•C&I LOANS INCREASED $2.0 BILLION OR 12% QUARTER OVER QUARTER DRIVEN BY STRATEGIC FOCUS AREAS

•CONTINUED EXPENSE DISCIPLINE WITH OPERATING EXPENSES DOWN 3% COMPARED TO PRIOR QUARTER; POSITIVE OPERATING LEVERAGE OF 7%

•CRE PAR PAYOFFS TOTALED $1.1 BILLION, OF WHICH 39% WERE SUBSTANDARD; CRE CONCENTRATION RATIO IMPROVED TO 350% COMPARED TO 367% LAST QUARTER

•CET1 CAPITAL RATIO OF 13.16%


Second Quarter 2026 Summary Compared to First Quarter 2026


Profitability						Capital
•PPNR of $66 million, up $34 million •Adjusted PPNR of $62 million, up $21 million or 51% •Operating expenses of $427 million down 3% •Positive operating leverage of 7% •Net interest margin was relatively unchanged at 2.13% •Deposit costs declined 5 basis points while overall cost of funds declined 7 basis points						•CET1 capital ratio of 13.16%, at or above peer group levels •Excess capital of $1.6 billion, using low end of target CET1 range of 10.5% •Book value per share of $18.31 •Tangible book value per share of $17.51 •Tangible book value per share adjusted for warrant exercise is $15.54

Balance Sheet						Asset Quality
•Total C&I loans increased $2.0 billion or 12% to $18.6 billion •Total loans increased $562 million to $61.0 billion, up 1% or 4% annualized •Total deposits increased $689 million or 1% •Core deposits grew $644 million or 1% •C&I and Private Bank deposits grew $905 million, up 4% •Strategic C&I loan focus areas grew $2.1 billion or 29% •Total MF/CRE exposure down $1.5 billion or 4% •Wholesale borrowings, mainly FHLB advances, declined $250 million or 2%						•Criticized/Classified loans declined $143 million or 1% •Substandard loans declined $369 million or 6% •Non-accrual loans rose $123 million or 5% •Total ACL of $0.9 billion or 1.52% of total loans HFI •Total multi-family ACL coverage of 1.63% •ACL coverage of 2.87% for multi-family loans with 50% or greater rent-regulated units •Total NYC multi-family loans declined $677 million or 5% •Total NYC multi-family loans with 50% or greater rent-regulated units declined $338 million or 4% •NCOs to average loans was 0.66% vs. 0.52%

Flagstar Bank, N.A. Reports Second Quarter 2026 Results

Hicksville, N.Y., July 24, 2026 – Flagstar Bank, N.A. (the "Bank") (NYSE: FLG), today reported second quarter 2026 net income of $34 million compared to net income of $21 million for first quarter 2026 and compared to a net loss of $70 million for second quarter 2025. Second quarter 2026 net income attributable to common stockholders was $26 million, or $0.06 per diluted share, compared to net income attributable to common stockholders of $13 million, or $0.03 per diluted share in first quarter 2026 and compared to a net loss attributable to common stockholders of $78 million, or $0.19 per diluted share in second quarter 2025.

For the six months ended June 30, 2026, the Bank reported net income of $55 million compared to a net loss of $170 million for the six months ended June 30, 2025. Net income attributable to common stockholders for the six months ended June 30, 2026 was $39 million or $0.08 per diluted share compared to a net loss attributable to common stockholders of $186 million or $0.45 per diluted share for the six months ended June 30, 2025.

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS - AS ADJUSTED

On an adjusted basis, which excludes a $4 million gain on sale related to our equity investment in Figure Technology Solutions, Inc., (the "Figure Investment"), second quarter 2026 net income attributable to common stockholders was $23 million or $0.05 per diluted share compared to first quarter 2026 net income attributable to common stockholders of $20 million or $0.04 per diluted share, which excludes a $9 million fair value loss on the Figure Investment, and compared to a net loss attributable to common stockholders of $60 million or $0.14 per diluted share in second quarter 2025, which excludes $14 million of merger related expenses, $2 million of severance expenses, $7 million in lease cost acceleration related to previously disclosed branch closures, and $3 million in trailing costs related to the sale of the Bank's mortgage servicing business.

For the six months ended June 30, 2026, net income attributable to common stockholders, on an adjusted basis was $43 million or $0.09 per diluted share which excludes a $5 million loss related to the Figure Investment. This compares to a net loss attributable to common stockholders, as adjusted, for the six months ended June 30, 2025 of $153 million or $0.37 per diluted share, which excludes $22 million of merger-related expenses, $2 million of severance expenses, $12 million in lease cost acceleration, and $8 million in trailing costs related to the sale of the Bank's mortgage servicing business.

CEO COMMENTARY

Commenting on the Bank's second quarter 2026 performance, Executive Chairman and Chief Executive Officer, Joseph M. Otting stated, “Flagstar's second quarter operating performance reflects our third consecutive quarter of profitability and improved earnings and represents continued progress on our path to transforming into a top-performing regional bank. During the quarter, we made considerable strides diversifying our balance sheet, reaching an important inflection point in asset growth, as total assets increased 3% on an annualized basis compared to the first quarter, driven by overall growth in our loan portfolio.

“Total loans increased 4% annualized, driven by record C&I loan production, which more than offset the continued strategic reduction in the commercial real estate portfolio. This marks the first quarter of loan growth since the fourth quarter of 2023. C&I originations in the second quarter totaled $2.8 billion, while commitments were $4.2 billion. This drove a $2.0 billion or 12% increase in C&I loans to $18.6 billion compared to the previous quarter.

“We also generated net deposit growth of $689 million, all of which was driven by core deposits. More importantly, $706 million of this quarter's deposit growth was C&I lending-related, as we have broadened our customer relationships in that key business.

“The net interest margin was relatively consistent with the prior quarter, while we reduced our cost of deposits by five basis points and our overall cost of funds by seven basis points. Additionally, we continued to pay down our wholesale borrowings, further strengthening our funding base.

“Also contributing to our improved operating performance was our continued focus on expense management, as operating expenses declined 3%, driving positive operating leverage of 7%.

“Our credit quality trends remained relatively stable during the quarter. While we did see a modest increase in total non-accrual loans, the overall level of criticized and classified loans decreased, driven mainly by a 6% decline in substandard loans.

“Importantly, we continue to maintain a strong capital position, with a CET1 capital ratio of 13.16% at the end of the quarter. This level of capital provides meaningful financial flexibility to support balance sheet growth, invest in our franchise, and return capital to shareholders over time. On that note, this morning we also announced the adoption of a $250 million share repurchase program. This

Flagstar Bank, N.A. Reports Second Quarter 2026 Results

reflects the tremendous progress we have made in executing on our strategic plan, the strength of our capital position and the positive long-term outlook for the Bank. We believe that returning capital to our shareholders through a stock buyback represents a compelling and disciplined use of our excess capital at this time.

“Overall, we believe the progress we have made over the past several quarters demonstrates the effectiveness of our strategy and positions the Bank well to deliver sustainable long-term shareholder value.”

BALANCE SHEET SUMMARY


(dollars in millions)	June 30, 2026		March 31, 2026		Compare
Total loans and leases held for investment	$	60,987	$	60,425	1	%
Total assets	87,714		87,129		1	%
Total deposits	67,521		66,832		1	%
Total borrowed funds	10,937		11,186		-2	%

Linked-Quarter Comparison

•Total assets increased $0.6 billion or 1% to $87.7 billion driven by loan growth and an increase in securities, partially offset by a decline in cash balances.

•Total loans and leases held for investment ("HFI") were $61.0 billion, up $0.6 billion or 1% (up 4% annualized); driven by solid growth in the C&I portfolio, partially offset by a decline in the multi-family and CRE portfolios as a result of our continued strategy of diversifying the loan portfolio.

•During the second quarter, we delivered broad-based loan growth across our C&I platform, while our CRE portfolio declined as part of our ongoing strategic balance sheet de-risking efforts.

–Total C&I loans increased $2.0 billion or 12% to $18.6 billion driven primarily by growth within Specialized Industries and Corporate & Regional Commercial Banking.

•Specialized Industries Banking loans increased $1,675 million or 34%.

•Corporate & Regional Commercial Banking increased $375 million or 18%.

•The CRE portfolio continued to decline with the combined multi-family and CRE portfolios declining $1.5 billion or 4% to $35.2 billion.

•Total CRE par payoffs totaled $1.1 billion, unchanged compared to first quarter.

•CRE concentration improved to 350% compared to 367%.

•Total deposits were $67.5 billion, up $0.7 billion or 1%, driven by increases in interest-bearing checking and money market accounts, which increased 6%, while all other categories each declined 1%.

•Total borrowed funds declined $0.2 billion or 2% to $10.9 billion.

•Wholesale borrowings, consisting of Federal Home Loan Bank of New York ("FHLB-NY") advances accounted for all of this decline and totaled $9.9 billion, down $250 million or 2%.

EARNINGS SUMMARY FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026

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

Net Interest Income

Second quarter 2026 net interest income totaled $440 million compared to $443 million, down $3 million or 1% compared to first quarter 2026 but rose $21 million or 5% compared to second quarter 2025.

For the first six months of 2026, net interest income increased $54 million or 7% to $0.9 billion compared to $0.8 billion for the first six months of 2025.

Flagstar Bank, N.A. Reports Second Quarter 2026 Results

Linked-Quarter Comparison

•Average interest-earnings assets decreased $0.3 billion or 0.3% to $83.1 billion as a result of lower average cash balances, partially offset by growth in average loans and average securities.

•Average interest-bearing liabilities declined $0.1 billion or 0.2% to $65.4 billion, average borrowed funds declined 10% partially offset by a 2% increase in average interest-bearing deposits.

•The net interest margin decreased 2 basis points to 2.13% due to a lower average cost of funds, more than offset by a lower average asset yield. Excluding the impact from the extra day in the quarter, the net interest margin would have been 2.16%.

Year-Over-Year Comparison

•Average interest-earning assets decreased 11% to $83.1 billion, driven by lower average cash balances due to balance sheet deleveraging.

•Average loans and average cash balances both declined, offset by growth in the investment securities portfolio.

•Average interest-bearing liabilities decreased 12% or $8.8 billion to $65.4 billion with average deposits declining 8% to $55.2 billion as the Bank significantly reduced brokered deposits throughout 2025.

•Average borrowings declined 27% or $3.8 billion to $10.3 billion as the Bank continued to pay down wholesale borrowings.

•The net interest margin increased 32 basis points driven by a lower cost of deposits and borrowings, partially offset by lower earning asset yields.

Year-to-Date Comparison

•Average interest-earning assets declined $11.1 billion or 12% to $83.2 billion primarily due to lower average loan balances, down 9%, as we reduced CRE loans and lower average cash balances, down 60%, due to balance sheet deleveraging, partially offset by a 20% increase in average securities balances.

•Average interest-bearing liabilities decreased $9.7 billion or 13% to $65.5 billion due to reduction in average borrowings, down 24%, and a 10% decrease in average deposits, as we reduced higher cost funding, including brokered CDs and wholesale borrowings.

•The net interest margin increased 37 basis points to 2.14% due to a 65 basis point improvement in the average cost of funds.

Provision for Credit Losses

Linked-Quarter Comparison

•For the second quarter 2026, we reported a provision for credit losses of $18 million compared to no provision in first quarter 2026.

•The increase was primarily driven by growth in the C&I portfolio, higher charge-offs and updates to assumptions related to recent New York City rent-regulated multi-family developments, partially offset by strategic reductions in the multi-family and CRE portfolios.

•Net charge-offs for the second quarter 2026 totaled $100 million, up $22 million or 28%.

•Net charge-offs on an annualized basis represented 0.66% of average loans outstanding, compared to 0.52% for first quarter 2026.

Year-Over-Year Comparison

•The provision for credit losses decreased $46 million or 72% primarily due to the continued decline in multi-family and CRE loan balances.

•Net charge-offs declined $17 million or 15%.

Flagstar Bank, N.A. Reports Second Quarter 2026 Results

Year-to-Date Comparison

•For the first six months of 2026, the provision for credit losses totaled $18 million compared to $143 million for the first six months of 2025, down $125 million or 87%. The decrease was primarily due to strategic reductions in the multi-family and CRE portfolios and lower net charge-offs.

•Net charge-offs totaled $178 million compared to $232 million.

•Net charge-offs represented 0.59% of average loans outstanding compared to 0.70%.

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:


							June 30, 2026
	For the Three Months Ended						compared to:
(dollars in millions)	June 30, 2026		March 31, 2026		June 30, 2025		March 31, 2026		June 30, 2025
Net interest income	$	440	$	443	$	419	-1	%	5	%
Non-interest income	76		55		77		38	%	-1	%
Total revenues	$	516	$	498	$	496	4	%	4	%
Total non-interest expense	450		466		513		-3	%	-12	%
Pre - provision net revenue/(loss) (non-GAAP)	$	66	$	32	$	(17)	NM		NM
Merger-related expenses	—		—		14		NM		NM


Severance	—		—		2		NM		-100	%

Lease cost acceleration related to closing branches	—		—		7		NM		NM
Trailing mortgage sale costs with Mr. Cooper	—		—		3		NM		NM


Net (gain) loss on investment security	(4)		9		—		NM		NM


Pre - provision net revenue/(loss), as adjusted (non-GAAP)(1)	$	62	$	41	$	9	51	%	NM

(1) Amounts may not foot as a result of rounding.

For second quarter 2026, PPNR totaled $66 million compared to PPNR of $32 million for first quarter 2026 and a pre-provision net loss of $17 million for second quarter 2025.

Linked-Quarter Comparison

•Second quarter PPNR was $66 million compared to $32 million, up 106%.

•Excluding the impact from the Figure Investment in both quarters would have resulted in a PPNR of $62 million compared to $41 million up 51%.

•Majority of the increase was due to a decline in non-interest expenses, down 3%.

Year-Over-Year Comparison

•Second quarter 2026 PPNR increased $83 million compared to a pre-provision net loss of $17 million in the year-ago quarter.

•Excluding the impact from the Figure Investment and several other one-time items in the year ago quarter, adjusted PPNR was $62 million compared to $9 million in the year-ago quarter.

•Majority of the increase was due to lower non-interest expense and higher net interest income.

Flagstar Bank, N.A. Reports Second Quarter 2026 Results


	For the Six Months Ended
(dollars in millions)	June 30, 2026		June 30, 2025		% Change
Net interest income	$	883	$	829	7	%
Non-interest income	131		157		-17	%
Total revenues	$	1,014	$	986	3	%
Total non-interest expense	916		1,045		-12	%
Pre - provision net revenue / (loss) (non-GAAP)	$	98	$	(59)	NM
Merger-related expenses	—		22		-100	%


Severance	—		2		-100	%

Lease cost acceleration related to closing branches	—		12		-100	%
Trailing mortgage sale costs with Mr. Cooper	—		8		-100	%


Net loss on investment security	5		—		NM


Pre - provision net revenue/(loss), as adjusted (non-GAAP)	$	103	$	(15)	NM

Year-to-Date Comparison

•PPNR was $98 million compared to pre-provision net loss of $59 million. The first six months of 2026 PPNR included a $5 million loss related to the Figure Investment.

•As adjusted, pre-provision net revenue was $103 million for the first six months of 2026 compared to a pre-provision net loss of $15 million for the first six months of 2025, which excludes $22 million of merger-related expenses, $2 million in severance, $12 million in lease cost acceleration, and $8 million in trailing mortgage sale costs.

Flagstar Bank, N.A. Reports Second Quarter 2026 Results

Non-Interest Income


				June 30, 2026
	For the Three Months Ended			compared to:
(dollars in millions)	June 30, 2026	March 31, 2026	June 30, 2025	March 31, 2026		June 30, 2025
Fee income	$26	$23	$22	13	%	18	%
Bank-owned life insurance	13	10	10	30	%	30	%
Net gain (loss) on investment securities	4	(9)	—	NM		NM

Net gain on loan sales and securitizations	4	5	6	-20	%	-33	%



Other income	28	26	39	8	%	-28	%
Total non-interest income	$76	$55	$77	38	%	-1	%

Impact of Adjustments:
Net (gain) loss on investment security	(4)	9	—	NM		NM


Adjusted noninterest income (non-GAAP)	$72	$64	$77	13	%	-6	%

Non-interest income in second quarter 2026 was $76 million, up $21 million or 38% compared to $55 million in first quarter 2026 and down $1 million or 1% compared to second quarter 2025.

Linked-Quarter Comparison

•Second quarter 2026 adjusted non-interest income increased $8 million or 13%, excluding the impact from the Figure Investment.

•Quarter-over-quarter improvement was driven by increases in fee income, driven by increased treasury management and capital markets income, BOLI, and other income.

Year-Over-Year Comparison

•Second quarter 2026 adjusted non-interest income declined $5 million or 6%, excluding the impact from the Figure Investment.

•The year-over-year decline was a result of lower net gain on loan sales income and other income. This was due to the sale of the Bank's mortgage servicing and third-party origination business, offset by higher levels of fee income and BOLI.


	For the Six Months Ended
(dollars in millions)	June 30, 2026	June 30, 2025	% Change
Fee income	$49	$44	11	%
Bank-owned life insurance	23	20	15	%
Net gain (loss) on investment securities	(5)	—	NM
Net return on mortgage servicing rights	—	—	NM
Net gain on loan sales and securitizations	9	19	-53	%

Net loan administration income	1	5	-80	%

Other income	54	69	-22	%
Total non-interest income	$131	$157	-17	%

Impact of Notable Item:
Net (gain) loss on investment security	5	—	NM



Adjusted noninterest income (non-GAAP)	$136	$157	-13	%

For the first six months of 2026, non-interest income totaled $131 million compared to $157 million for the first six months of 2025.

Year-to-Date Comparison

•For the first six months of 2026, non-interest income includes the aforementioned $5 million net loss on the sale of our Figure Investment. As adjusted, non-interest income for the first six months of 2026 was $136 million compared to $157 million for the first six months of 2025, a $21 million or 13% decline.

Flagstar Bank, N.A. Reports Second Quarter 2026 Results

•The year-over-year decline was driven by a decline in the net gain on loan sales and securitizations and a decrease in other income. This was partially offset by an increase in fee income.

Non-Interest Expense


				June 30, 2026
	For the Three Months Ended			compared to:
(dollars in millions)	June 30, 2026	March 31, 2026	June 30, 2025	March 31, 2026		June 30, 2025
Operating expenses:
Compensation and benefits	$220	$228	$237	-4	%	-7	%
Occupancy and equipment	46	50	53	-8	%	-13	%
Software expense	49	47	38	4	%	29	%
FDIC insurance	30	30	49	—	%	-39	%
Professional services	19	22	23	-14	%	-17	%
General and administrative	63	64	72	-2	%	-13	%
Total operating expenses	427	441	472	-3	%	-10	%
Intangible asset amortization	23	25	27	-8	%	-15	%
Merger-related expense	—	—	14	NM		NM

Total non-interest expense	$450	$466	$513	-3	%	-12	%

Impact of Adjustments:
Total operating expenses	$427	$441	$472	-3	%	-10	%


Severance	—	—	(2)	NM		-100	%

Lease cost acceleration related to closing branches	—	—	(7)	NM		NM
Trailing mortgage sale costs with Mr. Cooper	—	—	(3)	NM		NM


Adjusted operating expenses (non-GAAP)	$427	$441	$460	-3	%	-7	%

Second quarter 2026 operating expenses were $427 million compared to $441 million in first quarter 2026, down $14 million or 3%, and they declined $45 million or 10% compared to second quarter 2025.

Linked-Quarter Comparison

•Adjusted operating expenses decreased $14 million or 3%.

•The main drivers were decreases in compensation and benefits, occupancy and equipment, and professional fees.

Year-Over-Year Comparison

•Adjusted operating expenses decreased $33 million or 7%.

•Main drivers were decreases in FDIC insurance expense, compensation and benefits, professional services, and general and administrative expense.

Flagstar Bank, N.A. Reports Second Quarter 2026 Results


	For the Six Months Ended
(dollars in millions)	June 30, 2026	June 30, 2025	% Change
Operating expenses:
Compensation and benefits	$448	$481	-7	%
Occupancy and equipment	96	108	-11	%
Software expense	96	80	20	%
FDIC insurance	60	99	-39	%
Professional services	41	49	-16	%
General and administrative	127	151	-16	%
Total operating expenses	868	968	-10	%
Intangible asset amortization	48	55	-13	%
Merger-related expenses	—	22	-100	%

Total non-interest expense	$916	$1,045	-12	%

Impact of Notable Items:
Total operating expenses	$868	$968	-10	%


Severance	—	(2)	-100	%

Lease cost acceleration related to closing branches	—	(12)	-100	%
Trailing mortgage sale costs with Mr. Cooper	—	(8)	-100	%


Adjusted operating expenses (non-GAAP)	$868	$946	-8	%

For the first six months of 2026, operating expenses totaled $868 million, down $100 million or 10% compared to the first six months of 2025.

Year-to-Date Comparison

•The first six months of 2025 results include a number of notable items, including $22 million in merger expenses, $2 million in severance costs, $12 million of lease cost acceleration, and $8 million in trailing mortgage sale costs.

•As adjusted for these items operating expenses for the first six months of 2026 were $868 million compared to $946 million for first six months of 2025, down $78 million or 8%.

•On an adjusted basis, the year-over-year improvement was primarily driven by decreases in compensation and benefits expense, FDIC insurance expense, general and administrative expense, and occupancy and equipment expense.

Income Taxes

Linked-Quarter Comparison

•For the second quarter 2026, the Bank reported income tax expense of $14 million compared to a tax expense of $11 million for the first quarter 2026. The effective tax rate for the second quarter 2026 was 28.2% compared to 34.9% for the first quarter 2026.

Year-Over-Year Comparison

•For the second quarter 2026, the Bank reported income tax expense of $14 million compared to a tax benefit of $11 million for the second quarter 2025. The effective tax rate for the second quarter 2026 was 28.2% compared to 12.9% for the second quarter 2025.

Year-to-Date Comparison

•For the first six months of 2026, the Bank reported an income tax expense of $25 million compared to an income tax benefit of $32 million for the first six months of 2025. The effective tax rate for the first six months of 2026 was 30.9% compared to 15.9% for the first six months of 2025.

Flagstar Bank, N.A. Reports Second Quarter 2026 Results

CREDIT QUALITY


							June 30, 2026
	As of						compared to:
(dollars in millions)	June 30, 2026		March 31, 2026		June 30, 2025		March 31, 2026		June 30, 2025
Total non-accrual loans held for investment	$2,800		$2,675		$3,180		5	%	-12	%

Non-accrual held for investment loans to total loans held for investment	4.59	%	4.43	%	4.96	%	4	%	-7	%
Non-accrual held for investment loans and repossessed assets ("NPAs") to total assets	3.20	%	3.08	%	3.46	%	4	%	-7	%
Allowance for credit losses on loans and leases	$869		$954		$1,106		-9	%	-21	%
Total ACL, including on unfunded commitments	$925		$1,007		$1,162		-8	%	-20	%
ACL % of total loans held for investment	1.42	%	1.58	%	1.72	%	-15 bps		-30 bps
Total ACL % of total loans held for investment	1.52	%	1.67	%	1.81	%	-15 bps		-30 bps
ACL on loans and leases % of NPLs	31%		36%		35%		-13	%	-11	%
Total ACL % of NPLs	33%		38%		37%		-12	%	-10	%

Non-Accrual Loans

At June 30, 2026, total non-accrual loans, including held-for-sale, were $2,805 million, up $123 million or 5% compared to $2,682 million at March 31, 2026, but down $379 million or 12% compared to June 30, 2025. Total non-accrual loans HFI to total loans HFI were 4.59% at June 30, 2026 compared to 4.43% at March 31, 2026 and 4.96% at June 30, 2025.

Linked-Quarter Comparison

•Multi-family non-accrual loans increased 5%, while CRE non-accrual loans rose 7%.

•NPAs to total assets rose 12 basis points to 3.20%.

Year-Over-Year Comparison

•Multi-family non-accrual loans declined 11% and CRE non-accrual loans declined 16%, reflecting ongoing proactive workout and resolution strategies.

•NPAs to total assets improved 26 basis points.

Total Allowance for Credit Losses

The total allowance for credit losses including the allowance for unfunded commitments was $925 million at June 30, 2026 compared to $1,007 million at March 31, 2026 and $1,162 million at June 30, 2025. The total allowance for credit losses on loans and leases at June 30, 2026 was $869 million compared to $954 million at March 31, 2026 and $1,106 million at June 30, 2025. The decrease was primarily due to charged-off loans which had specific reserves and pay offs in our multi-family and CRE portfolios, partially offset by growth in our C&I portfolio.

The total allowance for credit losses to total loans HFI at June 30, 2026 was 1.52% compared to 1.67% at March 31, 2026 and 1.81% at June 30, 2025. The total allowance for credit losses on loans and leases to total loans HFI was 1.42% at June 30, 2026 compared to 1.58% at March 31, 2026 and 1.72% at June 30, 2025.

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.


	June 30, 2026		March 31, 2026		December 31, 2025
REGULATORY CAPITAL RATIOS: (1)
Common equity tier 1 ratio	13.16	%	13.23	%	12.83	%
Tier 1 risk-based capital ratio	13.99	%	14.08	%	13.66	%
Total risk-based capital ratio	16.58	%	16.68	%	16.23	%
Leverage capital ratio	9.70	%	9.61	%	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. Reports Second Quarter 2026 Results

Flagstar Bank, N.A.

Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At June 30, 2026, the Bank had $87.7 billion of assets, $61.2 billion of loans, deposits of $67.5 billion, and total stockholders' equity of $8.1 billion. Flagstar Bank, N.A. operates approximately 340 locations 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 July 24, 2026 at 8:00 a.m. (Eastern Time) to discuss its second quarter 2026 performance. The conference call may be accessed by dialing (888) 596-4144 (for domestic calls) or (646) 968-2525 (for international calls) and providing the following conference ID: 5857240. The live webcast will be available at ir.flagstar.com under Events.

A replay will be available approximately three hours following completion of the call through 11:59 p.m. on July 28, 2026 and may be accessed by calling (800) 770-2030 (domestic) or (609) 800-9909 (international) and providing the following conference ID: 5857240. In addition, the conference call will be webcast at ir.flagstar.com and archived through 5:00 p.m. on August 21, 2026.

Investor Contact: Salvatore J. DiMartino (516) 683-4286

Media Contact: Jessica Torchia (248) 312-6451

Flagstar Bank, N.A. Reports Second 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, 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 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

Flagstar Bank, N.A. Reports Second Quarter 2026 Results

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 -

FLAGSTAR BANK, N.A.

CONSOLIDATED STATEMENTS OF CONDITION

(unaudited)


							June 30, 2026
							compared to
(dollars in millions)	June 30, 2026		March 31, 2026		December 31, 2025		March 31, 2026		December 31, 2025
Assets
Cash and due from banks	$	416	$	401	$	553	4	%	-25	%
Interest-earning deposits and other securities with financial institutions	4,692		6,605		5,341		-29	%	-12	%
Total cash and cash equivalents	5,108		7,006		5,894		-27	%	-13	%
Securities:
Debt securities available-for-sale	16,553		14,514		15,701		14	%	5	%
Equity investments with readily determinable fair values, at fair value	14		56		65		-75	%	-78	%
Total securities	16,567		14,570		15,766		14	%	5	%
Loans held for sale	208		233		265		-11	%	-22	%
Loans and leases held for investment:
Multi-family	26,931		27,863		28,983		-3	%	-7	%
Commercial real estate	8,244		8,833		9,314		-7	%	-11	%
One-to-four family first mortgage	5,767		5,640		5,630		2	%	2	%
Commercial and industrial	18,563		16,568		15,217		12	%	22	%
Other loans	1,482		1,521		1,588		-3	%	-7	%
Total loans and leases held for investment	60,987		60,425		60,732		1	%	—	%
Less: Allowance for credit losses on loans and leases	(869)		(954)		(1,030)		-9	%	-16	%
Total loans and leases held for investment, net	60,118		59,471		59,702		1	%	1	%

Premises and equipment, net	472		474		477		—	%	-1	%
Core deposit and other intangibles	333		356		381		-6	%	-13	%



Other assets	4,908		5,019		5,027		-2	%	-2	%
Total assets	$	87,714	$	87,129	$	87,512	1	%	—	%
Liabilities and Stockholders' Equity
Deposits:
Interest-bearing checking and money market accounts	$	20,477	$	19,310	$	18,233	6	%	12	%
Savings accounts	14,836		15,005		14,864		-1	%	—	%
Certificates of deposit	20,477		20,719		20,843		-1	%	-2	%
Non-interest-bearing accounts	11,731		11,798		12,060		-1	%	-3	%
Total deposits	67,521		66,832		66,000		1	%	2	%
Borrowed funds:
Wholesale borrowings	9,901		10,151		11,151		-2	%	-11	%
Junior subordinated debentures	587		586		585		—	%	—	%
Subordinated notes	449		449		448		—	%	—	%
Total borrowed funds	10,937		11,186		12,184		-2	%	-10	%
Other liabilities	1,115		990		1,184		13	%	-6	%

Total liabilities	79,573		79,008		79,368		1	%	—	%
Mezzanine equity:
Preferred stock - Series B	1		1		1		—	%	—	%
Stockholders' equity:
Preferred stock - Series A and D	503		503		503		—	%	—	%
Common stock	4		4		4		—	%	—	%
Paid-in capital in excess of par	9,299		9,288		9,303		—	%	—	%
Retained earnings	(958)		(980)		(988)		-2	%	-3	%
Treasury stock, at cost	(161)		(167)		(190)		-4	%	-15	%
Accumulated other comprehensive loss, net of tax:	(547)		(528)		(489)		4	%	12	%
Total stockholders' equity	8,140		8,120		8,143		—	%	—	%
Total liabilities, Mezzanine and Stockholders' Equity	$	87,714	$	87,129	$	87,512	1	%	—	%

FLAGSTAR BANK, N.A.

CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(unaudited)


							June 30, 2026
	For the Three Months Ended						compared to
	June 30, 2026		March 31, 2026		June 30, 2025		March 31, 2026		June 30, 2025
(dollars in millions, except per share data)
Interest Income:
Loans and leases	$	751	$	754	$	840	—	%	-11	%
Securities and money market investments	225		230		303		-2	%	-26	%
Total interest income	976		984		1,143		-1	%	-15	%

Interest Expense:
Interest-bearing checking and money market accounts	126		114		162		11	%	-22	%
Savings accounts	97		101		110		-4	%	-12	%
Certificates of deposit	201		203		287		-1	%	-30	%
Borrowed funds	112		123		165		-9	%	-32	%
Total interest expense	536		541		724		-1	%	-26	%
Net interest income	440		443		419		-1	%	5	%
Provision for credit losses	18		—		64		NM		-72	%
Net interest income after provision for credit losses	422		443		355		-5	%	19	%

Non-Interest Income:
Fee income	26		23		22		13	%	18	%
Bank-owned life insurance	13		10		10		30	%	30	%
Net gain (loss) on investment securities	4		(9)		—		NM		NM

Net gain on loan sales and securitizations	4		5		6		-20	%	-33	%

Net loan administration income (loss)	1		—		1		NM		—	%

Other income	28		26		38		8	%	-26	%
Total non-interest income	76		55		77		38	%	-1	%

Non-Interest Expense:
Operating expenses:
Compensation and benefits	220		228		237		-4	%	-7	%
Occupancy and equipment	46		50		53		-8	%	-13	%
Software expense	49		47		38		4	%	29	%
FDIC insurance	30		30		49		—	%	-39	%
Professional services	19		22		23		-14	%	-17	%
General and administrative	63		64		72		-2	%	-13	%
Total operating expenses	427		441		472		-3	%	-10	%
Intangible asset amortization	23		25		27		-8	%	-15	%
Merger-related expenses	—		—		14		NM		-100	%

Total non-interest expense	450		466		513		-3	%	-12	%
Income (loss) before income taxes	48		32		(81)		50	%	NM
Income tax expense (benefit)	14		11		(11)		27	%	NM
Net income (loss)	34		21		(70)		62	%	NM
Preferred stock dividends	8		8		8		—	%	—	%
Net income (loss) attributable to common stockholders	$	26	$	13	$	(78)	100	%	NM

Basic earnings (loss) per common share	$	0.06	$	0.03	$	(0.19)	100	%	NM
Diluted earnings (loss) per common share	$	0.06	$	0.03	$	(0.19)	100	%	NM
Dividends per common share	$	0.01	$	0.01	$	0.01	—	%	—	%

FLAGSTAR BANK, N.A.

CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(unaudited)


	For the Six Months Ended
	June 30, 2026		June 30, 2025		Compare
(dollars in millions, except per share data)
Interest Income:
Loans and leases	$	1,505	$	1,700	-11	%
Securities and money market investments	455		607		-25	%
Total interest income	1,960		2,307		-15	%

Interest Expense:
Interest-bearing checking and money market accounts	240		329		-27	%
Savings accounts	198		221		-10	%
Certificates of deposit	404		595		-32	%
Borrowed funds	235		333		-29	%
Total interest expense	1,077		1,478		-27	%
Net interest income	883		829		7	%
Provision for credit losses	18		143		-87	%
Net interest income after provision for credit losses	865		686		26	%

Non-Interest Income:
Fee income	49		44		11	%
Bank-owned life insurance	23		20		15	%
Net loss on investment securities	(5)		—		NM

Net gain on loan sales and securitizations	9		19		-53	%

Net loan administration income	1		5		-80	%

Other income	54		69		-22	%
Total non-interest income	131		157		-17	%

Non-Interest Expense:
Operating expenses:
Compensation and benefits	448		481		-7	%
Occupancy and equipment	96		108		-11	%
Software expenses	96		80		20	%
FDIC insurance	60		99		-39	%
Professional services	41		49		-16	%
General and administrative	127		151		-16	%
Total operating expenses	868		968		-10	%
Intangible asset amortization	48		55		-13	%
Merger-related expenses	—		22		-100	%

Total non-interest expense	916		1,045		-12	%
Income (loss) before income taxes	80		(202)		NM
Income tax expense (benefit)	25		(32)		NM
Net income (loss)	55		(170)		NM
Preferred stock dividends	16		16		—	%
Net income (loss) attributable to common stockholders	$	39	$	(186)	NM

Basic earnings (loss) per common share	$	0.09	$	(0.45)	NM
Diluted earnings (loss) per common share	$	0.08	$	(0.45)	NM
Dividends per common share	$	0.02	$	0.02	—	%

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:


	At or for the
	Three Months Ended,									Six Months Ended,
(dollars in millions)	June 30, 2026			March 31, 2026			June 30, 2025			June 30, 2026			June 30, 2025
Total Stockholders’ Equity	$	8,140		$	8,120		$	8,095		$	8,140		$	8,095
Less: Core deposit and other intangible assets	(333)			(356)			(433)			(333)			(433)
Less: Preferred stock - Series A and D	(503)			(503)			(503)			(503)			(503)
Tangible common stockholders’ equity	$	7,304		$	7,261		$	7,159		$	7,304		$	7,159
Total Stockholders’ Equity	$	8,140		$	8,120		$	8,095		$	8,140		$	8,095
Less: Preferred stock	$	(503)		$	(503)		$	(503)		$	(503)		$	(503)
Common stockholders’ equity	$	7,637		$	7,617		$	7,592		$	7,637		$	7,592
Total Assets	$	87,714		$	87,129		$	92,237		$	87,714		$	92,237
Less: Core deposit and other intangible assets	(333)			(356)			(433)			(333)			(433)
Tangible Assets	$	87,381		$	86,773		$	91,804		$	87,381		$	91,804
Average common stockholders’ equity	$	7,670		$	7,694		$	7,486		$	7,681		$	7,592
Less: Other intangible assets	(349)			(373)			(450)			$	(361)		$	(464)
Average tangible common stockholders’ equity	$	7,321		$	7,321		$	7,036		$	7,320		$	7,128
Average Assets	$	86,694		$	87,057		$	96,710		$	86,874		$	97,902
Less: Core deposit and other intangible assets	(349)			(373)			(450)			(361)			(464)
Average tangible assets	$	86,345		$	86,684		$	96,260		$	86,513		$	97,438
GAAP MEASURES:
Return (loss) on average assets (1)	0.16		%	0.10		%	(0.29)		%	0.13		%	(0.35)		%
Return (loss) on average common stockholders' equity (2)	1.37		%	0.66		%	(4.20)		%	1.01		%	(4.92)		%
Book value per common share	$	18.31		$	18.28		$	18.28		$	18.31		$	18.28
Common stockholders’ equity to total assets	8.71		%	8.74		%	8.23		%	8.71		%	8.23		%
NON-GAAP MEASURES:
Return (loss) on average tangible assets (1)	0.15		%	0.13		%	(0.21)		%	0.14		%	(0.28)		%
Return (loss) on average tangible common stockholders’ equity (2)	1.29		%	1.04		%	(3.41)		%	1.16		%	(4.33)		%
Tangible book value per common share	$	17.51		$	17.42		$	17.24		$	17.51		$	17.24
Tangible common stockholders’ equity to tangible assets	8.36		%	8.37		%	7.80		%	8.36		%	7.80		%

(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.


	For the Three Months Ended						For the Six Months Ended
(dollars in millions, except per share data)	June 30, 2026		March 31, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Net income (loss) - GAAP	$	34	$	21	$	(70)	$	55	$	(170)
Merger-related expenses(1)	—		—		14		—		22


Severance	—		—		2		—		2

Lease cost acceleration related to closing branches	—		—		7		—		12
Trailing mortgage sale costs with Mr. Cooper	—		—		3		—		8


Net (gain) loss on investment security	(4)		9		—		5		—


Total adjustments	$	(4)	$	9	$	25	$	5	$	44
Tax effect on adjustments	1		(2)		(7)		(1)		(11)
Net income (loss), as adjusted - non-GAAP	$	31	$	28	$	(52)	$	59	$	(138)
Preferred stock dividends	8		8		8		16		16
Net income (loss) attributable to common stockholders, as adjusted - non-GAAP	$	23	$	20	$	(60)	$	43	$	(153)

(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 Six Months Ended
	June 30, 2026			March 31, 2026		June 30, 2025		June 30, 2026		June 30, 2025
	Amount		Per Share	Amount	Per Share	Amount	Per Share	Amount	Per Share	Amount	Per Share
Diluted Earnings (Loss) Per Share - GAAP	$26		$0.06	$13	$0.03	$(78)	$(0.19)	$39	$0.08	$(186)	$(0.45)
Adjustments	$	(4)	(0.01)	9	0.02	25	0.06	5	0.01	44	0.11
Tax effect on adjustments	1		0.00	(2)	0.00	(7)	(0.02)	(1)	0.00	(11)	(0.03)
Diluted Earnings (Loss) Per Share, as adjusted - non-GAAP	$23		0.05	$20	0.04	$(60)	(0.14)	$43	0.09	$(153)	(0.37)

Total shares for diluted earnings per common share	473,623,332			466,550,891		415,125,228		470,067,958		414,975,524

(1) Amounts may not foot as a result of rounding.


	For the Three Months Ended						For the Six Months Ended
	June 30, 2026		March 31, 2026		June 30, 2025		June 30, 2026		June 30, 2025
(dollars in millions)
Net interest income	$	440	$	443	$	419	$	883	$	829
Non-interest income	76		55		77		131		157
Total revenues	$	516	$	498	$	496	$	1,014	$	986
Total non-interest expense	450		466		513		916		1,045
Pre - provision net revenue (loss) (non-GAAP)	$	66	$	32	$	(17)	$	98	$	(59)
Merger-related expenses	—		—		14		—		22


Severance	—		—		2		—		2

Lease cost acceleration related to closing branches	—		—		7		—		12
Trailing mortgage sale costs with Mr. Cooper	—		—		3		—		8


Net (gain) loss on investment security	(4)		9		—		5		—


Pre - provision net revenue (loss) excluding merger-related expenses, as adjusted (non-GAAP)	$	62	$	41	$	9	$	103	$	(15)
Provision for credit losses	(18)		—		(64)		(18)		(143)
Merger-related expenses	—		—		(14)		—		(22)


Severance	—		—		(2)		—		(2)

Lease cost acceleration related to closing branches	—		—		(7)		—		(12)
Trailing mortgage sale costs with Mr. Cooper	—		—		(3)		—		(8)


Net gain (loss) on investment security	4		(9)		—		(5)		—


Income (loss) before taxes	$	48	$	32	$	(81)	$	80	$	(202)
Income tax expense (benefit)	14		11		(11)		25		(32)
Net income (loss) (GAAP)	$	34	$	21	$	(70)	$	55	$	(170)

(1)Amounts may not foot as a result of rounding.


							June 30, 2026
	For the Three Months Ended						Compared to:
	June 30, 2026		March 31, 2026		June 30, 2025		March 31, 2026		June 30, 2025
(dollars in millions)
Net interest income	$	440	$	443	$	419
Non-interest income	76		55		77
Total revenues (A)	$	516	$	498	$	496	4	%	4	%
Total non-interest expense (B)	450		466		513		(3)	%	(12)	%
Operating leverage (A-B)							7	%	16	%

FLAGSTAR BANK, N.A.

NET INTEREST INCOME ANALYSIS

LINKED-QUARTER AND YEAR-OVER-YEAR COMPARISONS (unaudited)


	For the Three Months Ended
	June 30, 2026						March 31, 2026						June 30, 2025
(dollars in millions)	Average Balance		Interest		Average Yield/Cost		Average Balance		Interest		Average Yield/Cost		Average Balance		Interest		Average Yield/Cost
Assets:
Interest-earning assets:
Total loans and leases (1)	$	60,971	$	751	4.91	%	$	60,840	$	754	4.97	%	$	65,824	$	840	5.12	%
Securities(2)	17,037		180		4.22		16,840		179		4.25		15,169		170		4.48

Interest-earning cash and cash equivalents	5,042		45		3.63		5,631		51		3.64		12,054		133		4.42
Total interest-earning assets	83,050		$	976	4.71		83,311		$	984	4.79		93,047		$	1,143	4.93
Non-interest-earning assets	3,644						3,746						3,663
Total assets	$	86,694					$	87,057					$	96,710
Liabilities and Stockholders’ Equity:
Interest-bearing deposits:
Interest-bearing checking and money market accounts	$	19,617	$	126	2.55	%	$	18,703	$	114	2.49	%	$	20,497	$	162	3.16	%
Savings accounts	14,857		97		2.63		14,905		101		2.74		14,353		110		3.07
Certificates of deposit	20,694		201		3.90		20,565		203		4.00		25,310		287		4.55
Total interest-bearing deposits	55,168		424		3.08		54,173		418		3.13		60,160		559		3.73
Borrowed funds	10,276		112		4.37		11,401		123		4.38		14,105		165		4.70
Total interest-bearing liabilities	65,444		$	536	3.28		65,574		$	541	3.35		$	74,265	$	724	3.91
Non-interest-bearing deposits	11,970						11,955						12,731
Other liabilities	1,106						1,330						1,724
Total liabilities	78,520						78,859						88,720
Stockholders’ and mezzanine equity	8,174						8,198						7,990
Total liabilities and stockholders’ equity	$	86,694					$	87,057					$	96,710
Net interest income/interest rate spread			$	440	1.43	%			$	443	1.44	%			$	419	1.02	%
Net interest margin					2.13	%					2.15	%					1.81	%
Ratio of interest-earning assets to interest-bearing liabilities					1.27	x					1.27	x					1.25	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.


	For the Six Months Ended
	June 30, 2026						June 30, 2025
(dollars in millions)	Average Balance		Interest		Average Yield/Cost		Average Balance		Interest		Average Yield/Cost
Assets:
Interest-earning assets:
Total loans and leases (1)	$	60,906	$	1,505	4.94	%	$	67,011	$	1,700	5.12	%
Securities(2)	16,939		359		4.24		14,124		318		4.50

Interest-earning cash and cash equivalents	5,335		96		3.64		13,193		289		4.42
Total interest-earning assets	83,180		$	1,960	4.75		94,328		$	2,307	4.93
Non-interest-earning assets	3,694						3,574
Total assets	$	86,874					$	97,902
Liabilities and Stockholders’ Equity:
Interest-bearing deposits:
Interest-bearing checking and money market accounts	$	19,162	$	240	2.52	%	$	20,758	$	329	3.20	%
Savings accounts	14,881		198		2.69		14,351		221		3.10
Certificates of deposit	20,630		404		3.95		25,830		595		4.65
Total interest-bearing deposits	54,673		842		3.10		60,939		1,145		3.79
Borrowed funds	10,835		235		4.32		14,240		333		4.71
Total interest-bearing liabilities	65,508		$	1,077	3.31		75,179		$	1,478	3.96
Non-interest-bearing deposits	11,963						12,899
Other liabilities	1,218						1,728
Total liabilities	78,689						89,806
Stockholders’ and mezzanine equity	8,185						8,096
Total liabilities and stockholders’ equity	$	86,874					$	97,902
Net interest income/interest rate spread			$	883	1.44	%			$	829	0.97	%
Net interest margin					2.14	%					1.77	%
Ratio of interest-earning assets to interest-bearing liabilities					1.27	x					1.25	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.

FLAGSTAR BANK, N.A.

CONSOLIDATED FINANCIAL HIGHLIGHTS (unaudited)

(dollars in millions)


	For the Three Months Ended						For the Six Months Ended
	June 30, 2026		March 31, 2026		June 30, 2025		June 30, 2026		June 30, 2025
OTHER FINANCIAL MEASURES:
Efficiency ratio(1)	87.08	%	93.65	%	103.37	%	90.33	%	106.02	%
Efficiency ratio, as adjusted (2)	82.65		88.68		95.34		85.63		98.28
Operating expenses to average assets	1.97		2.03		1.96		1.00		0.99
Effective tax rate	28.2		34.9		12.9		30.9		15.9
Shares used for basic EPS per common share	416,829,060		416,149,153		415,125,228		416,490,985		414,975,524
Shares used for diluted EPS per common share	473,623,332		466,550,891		415,125,228		470,067,958		414,975,524
Common shares outstanding at the respective period-ends	417,018,972		416,777,393		415,353,394		417,018,972		415,353,394

(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.

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:


							June 30, 2026
							compared to
(dollars in millions)	June 30, 2026		March 31, 2026		June 30, 2025		March 31, 2026		June 30, 2025
Non-accrual loans held for investment:
Multi-family	$	2,132	$	2,025	$	2,388	5	%	-11	%
Commercial real estate	471		441		563		7	%	-16	%
One-to-four family first mortgage	60		59		81		2	%	-26	%
Commercial and industrial	111		122		123		-9	%	-10	%
Other non-accrual loans	26		28		25		-7	%	4	%
Total non-accrual loans held for investment	2,800		2,675		3,180		5	%	-12	%
Repossessed assets	8		8		11		-6	%	-30	%
Total non-accrual held for investment loans and repossessed assets	$	2,808	$	2,683	$	3,191	5	%	-12	%

Non-accrual loans held for sale:


One-to-four family first mortgage	5		7		4		-29	%	25	%
Total non-accrual mortgage loans held for sale	$	5	$	7	$	4	-29	%	25	%

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
June 30, 2026
Multi-family	$	24,528	$	233	$	38	$	2,132	$	26,931
Commercial real estate	7,730		30		13		471		8,244
One-to-four family first mortgage	5,698		9		—		60		5,767
Commercial and industrial	18,370		82		—		111		18,563
Other	1,442		14		—		26		1,482
Total	$	57,768	$	368	$	51	$	2,800	$	60,987
March 31, 2026
Multi-family	$	25,159	$	677	$	2	$	2,025	$	27,863
Commercial real estate	8,250		129		13		441		8,833
One-to-four family first mortgage	5,513		66		2		59		5,640
Commercial and industrial	16,371		60		15		122		16,568
Other	1,458		35		—		28		1,521
Total	$	56,751	$	967	$	32	$	2,675	$	60,425
June 30, 2025
Multi-family	$	29,152	$	392	$	—	$	2,388	$	31,932
Commercial real estate	9,958		115		—		563		10,636
One-to-four family first mortgage	5,334		30		—		81		5,445
Commercial and industrial	14,265		38		—		123		14,426
Other	1,628		29		—		25		1,682
Total	$	60,337	$	604	$	—	$	3,180	$	64,121

The following table summarizes the Bank’s net charge-offs (recoveries) for the respective periods:


	For the Three Months Ended
	June 30, 2026						March 31, 2026						June 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	$	80	$	27,331	1.17	%	$	72	$	28,555	1.01	%	$	96	$	32,847	1.17	%
Commercial real estate	1		8,723		0.05		8		9,204		0.35		13		11,061		0.47
One-to-four family residential	1		5,353		0.07		1		5,284		0.08		1		4,995		0.08
Commercial and industrial	13		17,446		0.30		(8)		15,626		(0.20)		3		14,486		0.08
Other	5		1,514		1.32		5		1,558		1.28		4		1,711		0.94
Total	$	100	$	60,367	0.66	%	$	78	$	60,227	0.52	%	$	117	$	65,100	0.72	%

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


	For the Six Months Ended
	June 30, 2026						June 30, 2025
(dollars in millions)	Net Charge-offs (Recoveries)		Average Balance		%(1)		Net Charge-offs (Recoveries)		Average Balance		%(1)
Multi-family	$	152	$	27,939	1.09	%	$	176	$	33,378	1.05	%
Commercial real estate	9		8,962		0.20		15		11,251		0.27
One-to-four family residential	2		5,319		0.08		2		4,989		0.08
Commercial and industrial	5		16,541		0.06		31		14,706		0.42
Other	10		1,536		1.30		8		1,728		0.93
Total	$	178	$	60,297	0.59	%	$	232	$	66,052	0.70	%

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

Second Quarter 2026 Results July 24, 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 22nd 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, 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 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 32nd Quarter 2026 Management Focus Areas Second Quarter 2026 Highlights • Delivered $2.0 billion of net C&I loan growth on record new originations volume of $2.8 billion, up $0.8 billion QoQ; reflects successful execution of key growth initiatives • First quarter since fourth quarter 2023 of positive total loan growth with fourth consecutive quarter of net C&I growth • Commercial and Private Bank deposits increased $905 million QoQ • Continue to hire additional talent; deploy expanded product offerings and capabilities into middle market, corporate, and specialized industry verticals Execute on C&I and Private Bank Growth Initiatives • Net charge-offs of $100 million with a net charge- off ratio of 66 basis points; includes $47 million of charge-offs that had been previously reserved • Criticized and classified loans decreased $1.1 billion, or 9%, compared to June 30, 2025, and decreased $143 million, or 1%, compared to the prior quarter Proactive Management of CRE Portfolio • Continued reduction in CRE exposure • CRE concentration ratio declined to 350% from 367% in prior quarter • Multi-family and CRE par payoffs of $1.1 billion with 39% being substandard • Multi-family loans down $0.9 billion, or 3%, QoQ • NYC multi-family loans down $0.7 billion, or 5%, QoQ; NYC rent regulated multi-family loans down $338 million, or 4%, QoQ • CRE loans down $0.6 billion, or 7%, QoQ Disciplined Credit Approach • Announced $250 million share repurchase program, reflecting strategic progress and long-term outlook • Third consecutive quarter of profitability and improved earnings • PPNR increased 51% QoQ • Delivered positive operating leverage of 7% vs. 1Q26 and 16% vs 2Q25 • Grew total balance sheet QoQ for the first time since 2023 • Continued deposit growth while reducing deposit costs • Disciplined cost controls driving lower expenses(1) Strengthen Earnings Power 1 2 3 4 See cautionary statements on page 2 | See notes on page 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 42nd Quarter 2026 $(0.14) $(0.07) $0.06 $0.04 $0.05 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Diluted Earnings Per Share Trends Adjusted Diluted EPS Trends (Quarterly) See cautionary statements on page 2 | See notes on page 25 Adjusted Diluted EPS Trends (Annually) Successful execution of strategic plan has driven the Bank to report another quarter of profitability FY24 FY25 FY26 FY27 Reflects EPS Guidance Range (1) (1) $(2.68) $(0.37) $0.40 -$0.50 $1.60 -$1.70 Includes impact from recognition of $20.5M (pre-tax) hedge gain, or $0.03 of diluted EPS

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 52nd 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 $4.2 billion in loan commitments and $2.8 billion in originations • Pipeline at $2.1 billion in commitments • Added 75 new relationships during the quarter $1,207 $1,843 $2,093 $2,002 $2,801 $319 $272 $364 $328 $375 $78 $26 $1 $78 $5$140 $22 $403 $624 $885 $1,195 $769 $1,902 $186 $520 $511 $424 $519 Equipment Finance Asset-Based Lending Mortgage Finance Specialized Industries Corporate & Regional Commercial Banking 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 $14,426 $14,874 $15,217 $16,568 $18,563 $2,554 $3,229 $4,361 $4,956 $6,631$1,131 $1,463 $1,806 $2,049 $2,424 $4,819 $4,595 $4,331 $4,147 $4,166 $2,910 $2,686 $2,287 $2,423 $2,390 $1,109 $1,089 $654 $1,049 $940 $1,903 $1,812 $1,776 $1,945 $2,012 Specialized Industries Corporate & Regional Commercial Banking Equipment Finance Asset-Based Lending Mortgage Finance Public Finance & Other 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 • Two-pronged strategy continued momentum with total commercial and industrial loans higher by $2.0 billion, up 12% vs the prior quarter • Growth led by Specialized Industries and Corporate & Regional Commercial Banking with end of period loans at 6/30/26 increasing $2.1 billion, or 29% vs the prior quarter See notes on page 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 62nd Quarter 2026 Commercial Banking Overview | Momentum in Focus Areas C&I Loans HFI at June 30, 2026 ($ in millions) 3/31/2026 6/30/2026 Change QoQ ($) Change QoQ (%) Specialized Industries $4,956 $6,631 $1,675 34% Corporate & Regional Commercial Banking 2,049 2,424 375 18% Equipment Finance(1) 4,147 4,166 19 —% Asset-Based Finance(1) 2,423 2,390 (33) (1)% Mortgage Finance 1,049 940 (109) (10)% Public Finance & Other 1,945 2,012 67 3% Total C&I $16,568 $18,563 $1,995 12% See notes on page 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 72nd Quarter 2026 Note: $ in millions except share data. Please note that columns of data may not add due to rounding. Quarterly Performance QUARTERLY PERFORMANCE Reported Notable Items Adjusted 2Q 2026 2Q 2026 Net interest income $440 $0 $440 Non-interest income 76 (4) 72 Total revenue 516 (4) 512 Total non-interest expense 450 — 450 Pre-provision net revenue 66 (4) 62 Provision for credit losses 18 — 18 Pre-tax income 48 (4) 44 Income tax expense 14 1 13 Net income $34 -$3 $31 Preferred stock dividends $8 $0 $8 Net income attributable to common stockholders $26 -$3 $23 Diluted earnings per common share $0.06 $ (0.01) $0.05 Notable Items 2Q’26 • Non-interest income - $4 million reduction from the net gain related to our equity investment in Figure Technology Solutions, Inc.

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 82nd Quarter 2026 Forecast Update ($ in millions, except per share data) 2026 2027 Net Interest Income $1,860 – $1,960 $2,500 – $2,650 Net Interest Margin 2.20 – 2.30% 2.70 – 2.80% Provision for Loan Losses $90 – $140 $100 - $150 Non-interest Income $310 – $330 $390 – $430 Adjusted Operating Expense(2) $1,700 – $1,750 $1,650 – $1,700 Net Income $225 – $300 $800 – $900 Long-Term Targets ROAA : 1%+ ROATCE: 11-12% CET1 Ratio: 10.5-11.5% See cautionary statements on page 2 | See notes on page 25 ($ in millions, except per share data) 2026 2027 Diluted Adjusted EPS(1) $0.40 – $0.50 $1.60 –$1.70 Efficiency Ratio(2) 73 – 78% 50 - 55% ROAA 0.25 – 0.35% 0.85 – 0.95% ROATCE 2.75 – 3.25% 10.00 – 10.50% TBV Per Share(3) $15.50 – $16.00 $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 92nd Quarter 2026 1.81% 1.91% 2.14% 2.15% 2.13% 1.89% 3.73% 3.60% 3.34% 3.13% 3.08% 4.50% 4.25% 3.75% 3.75% 3.75% 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 FY25 FY26 FY27 Net Interest Margin | Proactively Managing Higher Net Interest Margin (Quarterly) Net interest margin expected to expand in 2026 1. Optimize funding 2. Growing higher yielding commercial loans 3. Reduction in non-accrual loans 4. Multi-family loans resetting higher Drivers See cautionary statements on page 2 | See notes on page 25 Reflects NIM Guidance Range 2.05%(1) 2.20% - 2.30% 2.70% - 2.80% Fed Funds Rate Interest-Bearing Deposit Costs Net Interest Margin (Annually)

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 102nd Quarter 2026 $460 $(15) $(19) $1 $427 2Q 2025 Comp & Ben FDIC G&A 2Q 2026 Non-interest Expense | Disciplined Management Highlights • Linked Year: adjusted operating expenses decreased $33 million, or 7% • Linked Quarter: adjusted operating expenses decreased $14 million, or 3% • Reduction in operating expenses reflects management’s commitment to improve efficiency driven by: ◦ impact from strategic initiatives to lower compensation and benefits, ◦ 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 the reconciliations of these non-GAAP measures with the comparable GAAP measures on page 22 | See notes on page 25 Quarterly Adjusted Operating Expenses YoY(1) $ in millions $ in millions $460 $457 $462 $441 $427 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 $441 $(8) $(4) $(2) $427 1Q 2026 Comp & Ben O&E G&A 2Q 2026 $ in millions -7% (2) (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 112nd Quarter 2026 Capital | Strong Capital Position CET1 Ratio Target operating range 10.5-11.5% 1. CET1 ratio of 13.16% is top quartile in peer group 2. Significant management action preserved and strengthened capital position 3. Capital priority in near term is to deploy capital to fund organic growth 4. +60 to 80 bps anticipated benefit to CET1 ratio under the proposed Basel III Endgame Highlights $ in billions CET1 excess of low-end of target range of 10.5% 12.33% 12.45% 12.83% 13.23% 13.16% 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 $1.6B 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 122nd Quarter 2026 Balance ($B) 6/30/2026 Noninterest-Bearing Demand $11.7 Interest-Bearing Demand $11.9 Money Markets $8.5 Savings $14.8 Retail CDs $14.4 Jumbo CDs $6.1 Total Deposits $67.5 Deposits | Overview Deposit ActivityWell Diversified Deposit Base by Product • Deposits increased $0.7 billion, or 1.0% quarter over quarter primarily driven by growth in Commercial and Private Bank deposits of $905 million, partially offset by lower Retail deposits of $290 million • Managed deposit costs lower with interest-bearing deposit costs down 5 basis points compared to prior quarter and 65 basis points compared to the second quarter of 2025 • Insured deposits of 79%(1) at 6/30/2026, compared to peer average of 56% HighlightsDeposit Base by Business ($ in billions) 6/30/2026 Change QoQ ($) Change QoQ (%) Retail $36.5 $(0.3) (0.8)% Private Bank $17.5 $0.2 1.3% Commercial $8.4 $0.7 8.9% Mortgage $2.8 $— 1.1% Core Deposits $65.1 $0.6 1.0% Brokered & Other $2.4 $— 1.9% Total Deposits $67.5 $0.7 1.0% $ in billions See notes on page 25 $66.8 $0.9 $(0.3) $67.5 3/31/2026 Commercial & Private Bank Retail 6/30/2026

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 132nd Quarter 2026 501% 350% 12/31/2023 6/30/2026 Commercial Real Estate | Payoffs and CRE Concentration Trends 2Q 2026 Payoffs Total Substandard (%) 1Q 2026 Payoffs Total Substandard (%) Multi-Family $0.9 billion 44% $0.8 billion 40% Office $31 million 6% $5 million —% Non-Office CRE $177 million 19% $245 million 50% Total CRE $1.1 billion 39% $1.1 billion 42% CRE payoffs at par of $1.1B with 39% of the payoffs from substandard loans in the second 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 151pp CRE Concentration Ratio(2) $ in billions -32% See notes on page 25 $47.7 $32.6 12/31/2023 6/30/2026

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 142nd 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 2.87% • Average loan size of $8.8 million • NYC MF loans down $0.7 billion, or 5%, QoQ; NYC rent regulated MF loans down $338 million, or 4%, QoQ • $7.1 billion of MF loans reached a repricing date since the beginning of 2024 and over 90% remain current or paid off • Have taken $689 million of net charge-offs 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 25 3.53% 3.73% 4.66%4.26% $30.0 $28.8 $27.1 $26.0 $25.1 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 -16% 1.6% 0.8% 0.6% 0.6% 0.5% 0.4% FLG Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 $2.6 $8.4 $5.1 $3.6 2026 2027 2028 2029 4.15% 3.87% 4.19% 4.52%

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 152nd Quarter 2026 $1.3 $2.9 $1.4 $1.1 2026 2027 2028 2029 Brooklyn, $3,214, 37.9% Bronx, $2,293, 27.0% Manhattan, $1,748, 20.6% Queens, $1,204, 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% $ 4,898 $ 4.9 98% 46% 1.20x 66% 21% 87% >=50% RR 8,490 5.9 97% 70% 1.25x 43% 34% 77% Total NYC $ 13,388 $ 5.5 98% 61% 1.23x 52% 29% 81% NYC >=50% RR Pass Rate $ 4,089 $ 6.1 97% 61% 1.51x 43% 19% 62% Criticized + Classified 4,401 5.8 97% 78% 1.01x 43% 49% 92% Total >=50% RR $ 8,490 $ 5.9 97% 70% 1.25x 43% 34% 77% Multi-Family | New York City (NYC) Portfolio Details NYC Multi-Family Portfolio (as of 6/30/2026) $ in millions (3) (1) (2) Location Breakdown >=50% RR $ in millions (4) Option/Contractual Maturity per Year (UPB) $ in billions % Reflects WAC>=50% RR See notes on page 25 3.85%4.98% 4.66% 5.09% $8,490M (5)

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 162nd Quarter 2026 NALs Special Mention + Substandard Total $ % $ % $ % Balance $ 2,088 $ 2,667 $ 4,754 Less: NCOs $ 351 16.80 % $ 2 0.07 % $ 352 7.41 % Book Balance $ 1,737 $ 2,665 $ 4,401 ACL $ 76 4.38 % $ 134 5.03 % $ 210 4.77 % Loan Review Credit Metrics Book Balance Recent Appraisal Financials Reviewed ACL % to Loans NCOs Nonaccrual Loans Market & <50% $ 4,898 35% 96.4% 0.96% $ 19 $ 210 >=50% RR 8,490 42% 97.3% 3.04% 352 1,743 Total NYC $ 13,388 43% 97.0% 2.28% $ 372 $ 1,953 NYC >=50% RR Pass Rate $ 4,089 23% 99.6% 1.18% $ — Criticized + Classified 4,401 70% 95.0% 4.77% 352 Total >=50% RR $ 8,490 42% 97.3% 3.04% $ 352 Multi-Family | New York City (NYC) Credit Details NYC Multi-Family Portfolio (as of 6/30/2026) $ in millions (3) (1) (2) Proactive management of rent regulated portfolio • Criticized + classified ACL coverage of 4.77% • $352 million of net charge-offs since Jan. 2024 for loans remaining in the portfolio • $2.0 billion in payoffs since beginning of 2024; 56% 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 • 70% of criticized + classified loans have had an appraisal since 1/1/2024 Criticized + Classified Loans(5) (4) (7) (6) Observations See notes on page 25 $ in millions

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 172nd Quarter 2026 3/31/2026 6/30/2026 ($ in millions) Allowance ALLL % Allowance ALLL % Change in ALLL % Multi-Family (MF) $509 1.83% $439 1.63% (20) bps MF Rent Regulated >=50% (excl. Co-op) $330 3.20% $281 2.87% (33) bps MF at Market and Rent Regulated <50% (excl. Co-op) $174 1.11% $153 1.00% (11) bps Co-op $5 0.27% $5 0.27% — bps CRE $184 2.17% $148 1.87% (30) bps Office (ex. Owner-Occupied) $61 3.04% $55 3.00% (4) bps Non-Office (incl. Owner-Occupied) $123 1.91% $93 1.53% (38) bps C&I (incl. Office Owner-Occupied) $166 0.98% $182 0.96% (2) bps 1-4 Family $33 0.59% $35 0.61% 2 bps Home Equity $55 3.98% $52 3.84% (14) bps Consumer and Other $7 4.35% $13 10.00% 565 bps Total Loans HFI and Allowance for Loan Losses $954 1.58% $869 1.42% (15) bps Unfunded Commitment Reserve $55 $56 Total Allowance for Credit Losses $1,007 1.67% $925 1.52% (15) 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 182nd Quarter 2026 Asset Quality Criticized + Classified Loans (including LHFS)(1) Total Non-accrual Loans (including LHFS) Highlights • Criticized + classified loans decreased $143 million, or 1% compared to the prior quarter • Criticized + classified loans decreased $1.1 billion, or 9% compared June 30, 2025 • Non-accrual loans were up $123 million to $2.8 billion; 40% of NALs are performing • NCOs to average loans of 0.66%(2) for the second quarter 2026; $100 million of NCOs which includes $47 million of charge-offs that had been previously reserved Net Charge-offs ("NCO") to Average Loans(2) $ in millions$ in billions See notes on page 25 $12.7 $12.4 $12.1 $11.8 $11.6 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 -9% $2,682 $2,805 3/31/2026 6/30/2026 5% 0.72% 0.46% 0.30% 0.52% 0.66% 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026

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 202nd 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 • 2Q’26 new credit commitments and new loan originations remained strong at $2.9 billion and $1.9 billion, respectively • Added 52 new relationships in Q2 • Hired 14 Specialized Industries and Capital Markets focused producers and credit professionals in Q2 • Plan to hire up to an additional 10-15 Specialized Industries bankers throughout the rest of 2026 Specialized Industries Hub $s in millions $624 $885 $1,195 $769 $1,902 $1,076 $1,273 $1,844 $1,165 $2,916 New Loan Originations New Credit Commitments 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 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 212nd 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 • 2Q’26 new credit commitments and new loan originations remained strong at $880 million and $519 million, respectively • Added 43 new relationships YTD in 2026 and hired 18 new Commercial Banking producers and credit underwriters in Q2 • Plan to hire up to an additional 10-15 Corporate & Regional Commercial Banking producers throughout the rest of 2026 • Expanded regional commercial banking coverage to Texas • Hired regional commercial banking leaders for the Dallas, Cleveland, Phoenix and Detroit metro markets Great Lakes NYC Metro Southwest Southeast Key Geographies Private Bank Commitments and Originations(1) Commercial Hub $s in millions $186 $520 $511 $424 $519 $243 $795 $817 $640 $880 New Loan Originations New Credit Commitments 2Q 2025 3Q 2025 4Q 2025 1Q 2026 2Q 2026 Retail Branch TX

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 222nd 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 2Q 2025 3Q 2025 Q4 2025 Q1 2026 Q2 2026 Non-interest expense $513 $522 $509 $466 $450 Less: Intangible asset amortization 27 26 26 25 23 Less: Merger-related and restructuring expenses 14 17 17 — — Less: Severance costs 2 8 4 — — Less: Litigation settlement — 14 — — — Less: Lease cost acceleration related to closing branches 7 — — — — Less: Trailing mortgage sale costs with Mr. Cooper 3 — — — — Adjusted operating expense $460 $457 $462 $441 $427 Adjusted Diluted Earnings Per Share 2Q 2025 3Q 2025 Q4 2025 Q1 2026 Q2 2026 Diluted (Loss) Earnings Per Share - GAAP -$78 -$45 $21 $13 $26 Adjustments 25 18 12 9 (4) Tax effect on adjustments (7) (4) (3) (2) 1 Diluted (Loss) Earnings Per Share, as adjusted - non-GAAP $(60) $(31) $30 $20 $23 Diluted (Loss) Earnings Per Share - GAAP $(0.19) $(0.11) $0.05 $0.03 $0.06 Adjustments 0.06 0.04 0.03 0.02 (0.01) Tax effect on adjustments (0.02) (0.01) (0.01) — — Diluted (Loss) Earnings Per Share, as adjusted - non-GAAP $(0.14) $(0.07) $0.06 $0.04 $0.05

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 232nd 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 6/30/2026 Total stockholders equity (A) $ 8,140 Less: Core deposit and other intangibles 333 Less: Preferred stock 503 Tangible common stockholders equity (B) $ 7,304 Common shares outstanding (C) 417,018,972 Dilution Impact of Warrants 52,914,127 Common shares outstanding, incl. Warrants (D) 469,933,099 Book book value per common share (A / C) $ 18.31 Tangible book value per common share (B / C) $ 17.51 Tangible book value per common share (B / D) $ 15.54

60 121 158 242 242 242 254 150 0 218 218 218 164 167 168 253 206 59 69 72 73 236 243 248 242nd 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 252nd Quarter 2026 Notes Slide 3 1. Excludes impact from intangible asset amortization, merger-related expenses, and other adjustments Slide 4 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 5 1. Prior quarters were adjusted for a reclass from Asset-Based Finance to Equipment Finance category: 6/30/25 ~$997 million, 9/30/25 ~$956 million, and 12/31/25 $842 million Slide 6 1. Fourth quarter 2025 was adjusted for a reclass of ~$842 million from Asset- Based Finance to Equipment Finance category. Slide 8 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. Reflects net interest margin adjusted for $20.5 million hedge benefit in the fourth quarter of 2025 Slide 10 1. Excludes impact from intangible asset amortization, merger-related expenses, and other adjustments 2. Includes software and professional expenses Slide 12 1. Excludes collateralized deposits and excludes internal deposits Slide 13 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 14 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 15 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 4. Risk rated special mention or substandard 5. $7.4 billion of the $8.5 billion NYC Multi-Family rent regulated portfolio has >=70% of the units rent regulated Slide 16 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 rent regulated percent based on units at origination 4. Risk rated special mention or substandard 5. Reflects ACL coverage ratio at 6/30/2026 and all NCOs taken on loans in the portfolio at 6/30/2026 6. Sum of book balance plus net charge-offs 7. Defined as >=50% units are rent regulated Slide 18 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 21 1. Excludes ABL transactions, which are included as Specialized Industries

102 Duffy Avenue, Hicksville, NY 11801 ● Phone: (516) 683 -4420 ● flagstar.com NEWS RELEASE Investor Contact: FOR IMMEDIATE RELEASE Salvatore J. DiMartino (516) 683-4286 Media Contact: Jessica Torchia (248) 312-6451 FLAGSTAR BANK, N.A. ANNOUNCES $250 MILLION SHARE REPURCHASE PROGRAM Board of Directors Authorizes Repurchase of Up to $250 Million of Outstanding Common Stock, Reflecting the Bank 's Strong Capital Position and Commitment to Long -Term Shareholder Value HICKSVILLE, N.Y., July 24 , 2026 –Flagstar Bank, N.A. (NYSE: FLG) (the "Bank”) today announced that its Board of Directors has authorized a common stock repurchase program under which the Bank may repurchase up to $250 million of its outstanding common stock over the next 12 -month period . Commenting on the repurchase program, Joseph M. Otting, Executive Chairman and Chief Executive Officer stated, “We are pleased to announce our stock buyback program, which reflects the meaningful progress we have made in executing our strategic plan, the s trength of the balance sheet, and Flagstar’s long -term growth prospects. We have consistently maintained capital levels well above regulatory requirements, and we believe that returning capital to our shareholders through a share repurchase program represents a compelling and disciplined use of our excess capital at this time. “We remain deeply committed to serving our customers and communities and we are confident that this program — alongside our continued investment in our people, products, systems, and technology — will deliver sustainable, long -term value for our s hare holders." Repurchases may be conducted through open -market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5 -1, or through privately negotiated transactions. The timing and exact amount of an y share repurchases will be subject to a variety of factors, including the availability of stock for repurchases, the Bank’s capital position and financial performance, regulatory considerations, and general market conditions. The share repurchase program does not obligate the Bank to acquire any specific number of shares and may be modified, suspended, or discontinued at any time without prior notice. Any future stock repurchase programs would be 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 , and general market conditions. Flagstar Bank, N.A. Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At June 30, 2026, the Bank had $87. 7 billion of assets, $6 1.2 billion of loans, deposits of $67.5 billion, and total stockholders' equity of $8. 1 billion. Flagstar Bank, N.A. operates approximately 340 locations 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 Flori da and the West Coast. Cautionary Statements Regarding Forward -Looking Language This press release 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 l oans 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 inte rnal 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 an d 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 assu mptions, 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, and our future performance could differ materially from our historical result s.

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 inter est 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 conside rations, 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 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; t he 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 ag encies, 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 pa rties, 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 2 022, 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 a t 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 ongoin g 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.

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