Welcome to our dedicated page for Flagstar Financial news (Ticker: FLG), a resource for investors and traders seeking the latest updates and insights on Flagstar Financial stock.
Flagstar Financial, Inc. (FLG) operates as a diversified regional bank providing retail, commercial, and private banking services through 400+ branches nationwide. This news hub offers investors and stakeholders timely updates on corporate developments, financial performance, and strategic initiatives.
Access verified press releases, regulatory filings, and market analyses to stay informed about FLG's operations. Key coverage areas include earnings reports, branch network expansions, commercial lending updates, and risk management strategies. Our curated content helps users track the company's progress in optimizing core banking services and maintaining regulatory compliance.
Bookmark this page for direct access to Flagstar Financial's latest announcements, including merger activities, leadership changes, and service innovations. Regular updates ensure you never miss critical information affecting market positioning in the competitive regional banking sector.
Flagstar Financial (NYSE: FLG) reported Q1 2025 results with a net loss of $100 million, improving from Q4 2024's loss of $188 million. The loss per diluted share was $0.26, better than Q4 2024's $0.47 loss.
Key highlights include:
- C&I loan originations increased 42% quarter-over-quarter to $769 million
- CET1 capital ratio improved to 11.9%
- Total assets decreased 3% to $97.6 billion
- Net interest margin stabilized at 1.74%
- Credit costs improved with net charge-offs declining 48% to $115 million
The company continues its strategic transformation, reducing CRE exposure while building its C&I and Private Banking businesses. Management expects to return to profitability by Q4 2025. Operating expenses declined 22% year-over-year, and the company maintains strong liquidity of $30 billion.
Flagstar Financial (NYSE: FLG) has announced it will release its Q1 2025 financial results on April 25, 2025, at 6:00 a.m. ET. A conference call discussing the results will be held at 8:00 a.m. ET, featuring CEO Joseph M. Otting and CFO Lee Smith.
The company, headquartered in Hicksville, NY, reported key financial metrics as of December 31, 2024:
- Total assets: $100.2 billion
- Loans: $69.2 billion
- Deposits: $75.9 billion
- Total stockholders' equity: $8.2 billion
Flagstar Bank operates over 400 locations across 10 states, with strong presence in the Northeast and Midwest, and growing markets in the Southeast and West Coast. The bank also maintains 80 private banking teams across the NYC metro area and West Coast, serving high-net-worth individuals and businesses.
Flagstar Bank (NYSE: FLG) has appointed Mark Pittsey as Executive Vice President, Head of Private Banking and Wealth Management. Pittsey brings extensive experience from HSBC, Deutsche Bank, and Wells Fargo, where he most recently managed $80 billion in total private wealth assets and bank deposits as Head of Global Private Banking Americas at HSBC.
The appointment aligns with Flagstar's strategic vision to enhance its private banking and wealth management services. Pittsey will be jointly based in Northern California and New York City, reporting to Rich Raffetto, Senior Executive Vice President and President of Commercial & Private Banking.
As of December 31, 2024, Flagstar Financial reported total assets of $100.2 billion, loans of $69.2 billion, deposits of $75.9 billion, and stockholders' equity of $8.2 billion. The bank operates over 400 locations across 10 states and maintains approximately 80 private banking teams in the New York City region and West Coast.
Flagstar Financial, Inc. (NYSE: FLG) has announced its 2025 Annual Meeting of Shareholders will be held virtually on Wednesday, June 4th, 2025, at 10:00 a.m. Eastern Time. The record date for voting eligibility is set for April 7, 2025.
The company, headquartered in Hicksville, New York, reported significant financial metrics as of December 31, 2024: $100.2 billion in assets, $69.2 billion in loans, $75.9 billion in deposits, and $8.2 billion in total stockholders' equity. Flagstar Bank operates 418 branches, with strong presence in the Northeast and Midwest, and maintains approximately 80 private banking teams across the New York City region and West Coast.
Flagstar Financial (NYSE: FLG) has announced its participation in the BofA Securities Financial Services Conference in Miami, Florida on February 11, 2025. Chairman, President, and CEO Joseph Otting and CFO Lee Smith will present at 11:20 a.m. Eastern Time, discussing the company's 2024 performance.
The presentation will be available via live webcast on the company's website, with a replay and PowerPoint slides accessible until February 25, 2025. As of December 31, 2024, Flagstar Financial reported total assets of $100.2 billion, loans of $69.2 billion, deposits of $75.9 billion, and stockholders' equity of $8.2 billion.
Flagstar Bank operates 418 branches across the Northeast, Midwest, Southeast, and West Coast. The bank also maintains approximately 80 private banking teams across the metropolitan New York City region and West Coast, serving high-net worth individuals and their businesses.
Flagstar Bank (NYSE: FLG) hosted a strategic roundtable with nonprofit and community leaders to reimagine its Community Reinvestment Act (CRA) engagement approach. The meeting focused on strengthening support for low- and moderate-income (LMI) communities through improved access to credit, affordable housing, and economic development initiatives.
The bank plans to formalize a strategic advisory group to maintain ongoing dialogue and enhance community engagement effectiveness. As of December 31, 2024, Flagstar reported $100.2 billion in assets, $69.2 billion in loans, $75.9 billion in deposits, and $8.2 billion in stockholders' equity. The bank operates 418 branches across the Northeast, Midwest, Southeast, and West Coast, including 80 private banking teams serving high-net-worth individuals.
Flagstar Financial (NYSE: FLG) has announced its quarterly dividend declarations. The company will pay a cash dividend of $0.01 per share on its common stock, payable March 17, 2025, to stockholders of record as of March 7, 2025.
The Board also declared dividends on preferred stocks: $15.94 per share on Series A preferred stock ($0.3984 per depositary share), $3.3333 per share on Series B preferred stock, and $3.3333 per share on Series D Non-Voting Common Equivalent Stock, all payable March 17, 2025.
As of December 31, 2024, Flagstar reported total assets of $100.2 billion, loans of $69.2 billion, deposits of $75.9 billion, and stockholders' equity of $8.2 billion. The bank operates 418 branches across the Northeast, Midwest, Southeast, and West Coast, with 80 private banking teams serving high-net worth clients.
Flagstar Financial (NYSE: FLG) reported a Q4 2024 net loss of $160 million, with a loss per diluted share of $0.41. The company's financial position showed improvement from Q3 2024's loss of $280 million, though full-year 2024 resulted in a net loss of $1,090 million.
Key highlights include strengthening capital position with CET1 ratio increasing to 11.9%, improved funding mix with reduced wholesale borrowings, and continued deposit growth in retail and private banking channels. Total assets were $100.2 billion, down 12% year-over-year. The company saw significant reductions in commercial real estate exposure, with multi-family loans decreasing $3.2 billion (9%) and CRE loans declining $1.8 billion (17%) year-to-date.
Net interest income for Q4 2024 was $461 million, down 10% from Q3 2024 and 38% year-over-year. The net interest margin decreased to 1.73%, down 6 basis points from the previous quarter.
Flagstar Financial (NYSE: FLG) has announced it will release its Q4 and full-year 2024 financial results on January 30, 2025, at approximately 6:00 a.m. ET. The company will host a conference call at 8:00 a.m. ET on the same day, featuring CEO Joseph M. Otting and CFO Lee Smith discussing the quarterly performance.
As of September 30, 2024, Flagstar reported total assets of $114.4 billion, loans of $73.0 billion, deposits of $83.0 billion, and stockholders' equity of $8.6 billion. The bank operates over 400 branches across the Northeast, Midwest, Southeast, and West Coast, along with approximately 80 private banking teams serving high-net-worth individuals in the New York City region and West Coast.
Flagstar Financial (NYSE: FLG) has appointed Lee Smith as Senior Executive Vice President and Chief Financial Officer, effective December 27, 2024. Smith, who joined Flagstar in 2013 and most recently served as President of Mortgage, succeeds Craig Gifford, who will remain with the Bank through March 31, 2025, to ensure a smooth transition.
Smith brings over 25 years of experience in accounting, finance, mortgage, and operations. He previously served as Partner at Matlin Patterson Global Advisers and is a member of the Institute of Chartered Accountants in England and Wales.
As of September 30, 2024, Flagstar reported $114.4 billion in assets, $73.0 billion in loans, $83.0 billion in deposits, and $8.6 billion in stockholders' equity. The bank operates over 400 branches across the Northeast, Midwest, Southeast, and West Coast.
