FLAGSTAR BANK, N.A. ANNOUNCES PRELIMINARY RESULTS OF 2026 ANNUAL SHAREHOLDERS' MEETING
Rhea-AI Summary
Flagstar Bank (NYSE: FLG) reported preliminary results of its 2026 Annual Shareholders' Meeting, where shareholders approved all four proposals.
Approvals included electing eight directors to one-year terms, ratifying KPMG as 2026 auditor, a say-on-pay vote, and amending the 2020 Omnibus Incentive Plan. Nearly 90% of outstanding shares were voted. As of March 31, 2026, Flagstar held $87.1 billion in assets, $60.7 billion in loans, $66.8 billion in deposits, and $8.1 billion in equity across about 340 locations in nine states.
Positive
- All four 2026 shareholder meeting proposals received preliminary shareholder approval
- Eight directors elected to new one-year terms
- KPMG ratified as independent auditor for fiscal year ending December 31, 2026
- Non-binding advisory vote approved Named Executive Officer compensation
- Amendment to the 2020 Omnibus Incentive Plan received shareholder approval
- Nearly 90% of total shares outstanding were voted at the 2026 meeting
Negative
- None.
News Market Reaction – FLG
In the Jun 9 session, FLG gained 0.99%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 03 | Conference participation | Neutral | -2.3% | Announced participation in Morgan Stanley U.S. Financials Conference with leadership fireside chat. |
| May 18 | Leadership extension | Positive | -0.5% | Extended CEO Joseph Otting’s term and reorganized executive team amid return to profitability. |
| Apr 28 | Conference appearance | Neutral | +0.1% | Planned participation in Barclays Americas Select Conference with webcasted fireside chat. |
| Apr 27 | Dividend declaration | Neutral | -0.2% | Declared quarterly cash dividends on common and preferred stock for June 2026 payment. |
| Apr 24 | Earnings results | Positive | -2.2% | Reported second consecutive profitable quarter with EPS of $0.03 and adjusted $0.04. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive or governance-related updates have often seen muted or negative next-day price reactions, despite a return to profitability and capital improvement.
Over the last several months, FLG has highlighted a return to profitability, balance sheet strengthening, and active investor outreach. A profitable Q1 2026 with net income attributable to common stockholders of $13 million and adjusted EPS of $0.04 was followed by conference appearances and dividend declarations, yet price reactions were modest to negative. Today’s annual meeting outcome, where all four proposals were preliminarily approved, follows that governance and capital build narrative, including prior disclosures on leadership extensions and strategic conferences.
Key Terms
form 8-k regulatory
forward-looking statements regulatory
fdic-assisted transaction regulatory
capital raise financial
reverse stock split financial
non-binding advisory vote regulatory
omnibus incentive plan financial
pdufa regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Based on these preliminary results, the Bank's shareholders approved the following:
- The election of eight directors to one-year terms of office;
- The ratification of the appointment of KPMG, LLP as the Bank's independent registered public accounting firm for the fiscal year ending December 31, 2026;
- By a non-binding advisory vote, the approval of the compensation of the Bank's Named Executive Officers; and
- Approval of an Amendment to the Flagstar Bank, N.A., 2020 Omnibus Incentive Plan.
Commenting on today's results, Executive Chairman and Chief Executive Officer, Joseph M. Otting stated, "We are grateful for the strong support received from our shareholders at today's Annual Meeting as nearly
The Bank expects to file a Form 8-K with final voting results within the next four business days.
Flagstar Bank, N.A.
Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in
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 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 attract, incentivize, and retain key personnel and the roles of key personnel; (g) 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
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; 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; 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
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.
Investor Contact:
Salvatore J. DiMartino
(516) 683-4286
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SOURCE Flagstar Bank, N.A.