Flagstar Bank
Regional bank spanning commercial, multifamily, mortgage, private banking and wealth services.
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Profile
Collects deposits and earns interest across commercial and industrial, multifamily, commercial real estate, mortgage and home-equity lending, supplemented by private banking, wealth, brokerage and insurance fees. Its national commercial reach sits beside a branch footprint centered on the New York region and Midwest, while multifamily and commercial real estate remain major credit concentrations.
Collects consumer and business deposits and lends across commercial and industrial, multifamily, commercial real estate, mortgage and home-equity categories. Private banking, wealth, trust, brokerage and insurance broaden relationships beyond lending. All activities form a single banking segment.
Runs branch and digital networks centered on greater New York and New Jersey and the upper Midwest, with operations in Florida and on the West Coast. Commercial lending reaches clients nationally; most multifamily collateral consists of New York City rental apartments, while most other commercial real estate collateral is in the Northeast and Midwest.
Expands relationship-based commercial lending and core deposits while reducing multifamily and commercial real estate exposure. Earnings and asset quality depend on deposit funding, interest rates, borrower repayment, property values, and banking capital and liquidity rules; New York City multifamily remains a major credit concentration.
Company facts
Categories
Key statistics
Year to date +7.1% · Average volume (30d) 4.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 15, 2026 | Cantor Fitzgerald | Reiterate | Overweight | $16 | $17 | |
| Jul 7, 2026 | UBS | Target | $14 | $18 | ||
| Jul 7, 2026 | Barclays | Reiterate | Overweight | $15 | $17 | |
| Jul 6, 2026 | Cowen & Co. | Upgrade | Hold | Buy | ||
| Jul 6, 2026 | TD Cowen | Upgrade | Hold | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 24, 2026Q2 FY26 | $0.06 | $0.05 | −21.8% | $539.3M | $516.0M | −4.3% | −0.65% |
| Apr 24, 2026Q1 FY26 | $0.03 | $0.04 | +33.3% | $553.5M | $498.0M | −10.0% | −0.21% |
| Jan 30, 2026Q4 FY25 | $0.02 | $0.06 | +200.0% | $532.5M | $557.0M | +4.6% | +2.12% |
| Oct 24, 2025Q3 FY25 | −$0.06 | −$0.07 | −16.7% | $536.8M | $455.0M | −15.2% | −1.90% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.24B | $1.22B | $1.16B | $1.11B | $1.04B | $1.05B | |
| Gross profit | $411.0M | $432.0M | $447.0M | $520.0M | $498.0M | $498.0M | |
| Operating income | −$121.0M | −$81.0M | −$41.0M | $45.0M | $32.0M | $48.0M | |
| Net income | −$100.0M | −$70.0M | −$36.0M | $29.0M | $21.0M | $34.0M | |
| Diluted EPS | −$0.26 | −$0.19 | −$0.11 | $0.05 | $0.03 | $0.05 | |
| Gross margin | 33.0% | 35.4% | 38.5% | 46.7% | 47.9% | 47.3% | |
| Operating margin | -9.7% | -6.6% | -3.5% | 4.0% | 3.1% | 4.6% |
Fiscal years (4-quarter sums)FY21 $1.75B · FY22 $2.18B · FY23 $6.05B · FY24 $6.39B · FY25 $4.74B
Balance sheet, Jun 30, 2026Cash & short-term investments $16.97B · Total debt $10.94B · Total assets $87.71B · Shareholders' equity $8.14B
Dividends
Last cut to $0.01 from $0.03 split-adjusted in Sep 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 5, 2026 | Jun 7 | Jun 17 | $0.01 | |
| Mar 6, 2026 | Mar 7 | Mar 17 | $0.01 | |
| Dec 5, 2025 | Dec 7 | Dec 17 | $0.01 | |
| Sep 5, 2025 | Sep 7 | Sep 17 | $0.01 | |
| Jun 6, 2025 | Jun 7 | Jun 17 | $0.01 | |
| Mar 7, 2025 | Mar 7 | Mar 17 | $0.01 | |
| Dec 6, 2024 | Dec 7 | Dec 17 | $0.01 | |
| Sep 6, 2024 | Sep 7 | Sep 17 | $0.01 | cut from $0.03 split-adjusted |
Ownership
Shares outstanding 416.82M · Float 267.02M · 64.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| STM Partners LLC | 113.52M | 24.90% | 13D | Oct 21, 2025 |
| Liberty 77 Capital L.P. | 75.00M | 17.99% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 43.03M | 10.32% | 13F | Aug 7, 2026 |
| Reverence Capital Partners, L.P. | 35.98M | 8.63% | 13F | Jul 28, 2026 |
| RCP Eagle Holdings LP | 35.98M | 8.65% | 13G | Jan 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- M&T Bank
Direct Northeast peer in deposits, CRE, C&I, and mortgage
- Citizens Financial Group
Broad Northeast rival in deposits, private banking, and lending
- Valley National Bancorp
Northeast CRE and multifamily peer with deposit and mortgage overlap
- KeyCorp
Consumer and commercial bank overlap in deposits, CRE, and C&I
- Fifth Third
Large regional competitor in deposits, commercial banking, and mortgage
- Huntington Bancshares
Midwest regional challenger across deposits, mortgage, and C&I
- Western Alliance
Specialized commercial-bank peer in C&I, CRE, deposits, and mortgage
- Webster Financial
Northeast commercial-bank peer in CRE, deposits, and treasury
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Flagstar Bank | $13.45 | +0.04% | $5.61B | 723.1 | 17.4 | 1.3 | +4.0% |
| M&T Bank | $237.29 | −0.08% | $34.39B | 12.5 | 11.9 | 2.8 | +5.7% |
| Citizens Financial Group | $71.05 | +1.96% | $29.48B | 15.2 | 11.9 | 2.6 | +12.1% |
| Valley National Bancorp | $13.92 | 0.00% | $7.71B | 11.6 | 9.8 | 2.6 | +13.3% |
| KeyCorp | $21.91 | +0.07% | $23.65B | 12.7 | 11.2 | 2.3 | +7.3% |
| Fifth Third | $54.60 | +0.14% | $49.43B | 18.6 | 11.9 | 3.3 | +45.2% |
| Huntington Bancshares | $16.95 | +0.18% | $34.19B | 12.6 | 9.8 | 2.4 | +47.4% |
| Western Alliance | $78.53 | −0.03% | $8.57B | 8.8 | 7.5 | 1.7 | +17.7% |
| Webster Financial | $77.57 | −0.51% | $12.57B | 12.6 | 11.6 | 2.9 | +3.4% |
| Median | 12.6 | 11.4 | 2.6 | +12.7% |