Flagstar Bank, National Association (FLG) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.07	$0.05	-28.6%	—	$516M	—
Q1 26	$0.04	$0.04	0.0%	—	$498M	—
Q4 25	$0.02	$0.06	+200.0%	—	$557M	—
Q3 25	-$0.02	-$0.1	-400.0%	—	$519M	—
Q2 25	-$0.14	-$0.19	-35.7%	—	$496M	—
Q1 25	-$0.28	-$0.23	+17.9%	—	$490M	—
Q4 24	-$0.55	-$0.34	+38.2%	—	$536M	—
Q3 24	-$0.42	-$0.69	-64.3%	—	$623M	—
Q2 24	-$0.43	-$1.05	-144.2%	—	$671M	—
Q1 24	-$0.39	-$0.75	-92.3%	—	$754M	—
Q4 23	$0.87	-$0.81	-193.1%	—	$878M	—
Q3 23	$1.04	$1.08	+3.8%	—	$1B	—
Q2 23	$0.94	$1.41	+50.0%	—	$1.1B	—
Q1 23	$0.64	$0.69	+7.8%	—	$652M	—
Q4 22	$0.78	$0.75	-3.8%	—	$416M	—
Q3 22	$0.95	$0.93	-2.1%	—	$343M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$0.5	—	—	$2.1B	—
FY24	—	-$3.4	—	—	$2.6B	—
FY23	—	-$0.48	—	—	$3.6B	—
FY22	—	$3.78	—	—	$1.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.4B	$1.4B	$1.1B	$1B	$1.2B	$1.4B	$1.5B	$3.6B	$2.6B	$2.1B
YoY change	+134%	-5.09%	-17.8%	-7.26%	+11.5%	+16.3%	+9.78%	+145.1%	-28.9%	-20.2%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.4B	1.4B	1.1B	1B	1.2B	1.4B	1.5B	3.6B	2.6B	2.1B
Cost of revenue	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	545.7M	561.2M	446.5M	422M	425M	430M	512M	1.9B	2.4B	1.5B
Operating expenses	545.7M	561.2M	446.5M	422M	425M	430M	512M	1.9B	2.4B	1.5B
Operating income	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	777.1M	668.2M	557.7M	523M	588M	806M	826M	-50M	-1.4B	-198M
Income tax	281.7M	202M	135.3M	128M	77M	210M	176M	29M	-260M	-21M
Net income	495.4M	466.2M	422.4M	395M	511M	596M	650M	-79M	-1.1B	-177M
Net margin	34.4%	34.1%	37.6%	37.9%	44%	44.1%	43.9%	-2.17%	-43.3%	-8.58%
EBITDA	—	—	—	—	—	—	—	—	—	—
EPS	3.03	2.7	2.37	2.31	3.06	3.6	3.78	-0.48	-3.4	-0.5
Diluted EPS	3.03	2.7	2.37	2.31	3.06	3.6	3.78	-0.48	-3.4	-0.5

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1B	878M	754M	671M	623M	536M	490M	496M	519M	557M	498M	516M
Cost of revenue	—	—	—	—	—	—	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—	—	—	—	—	—	—
Gross margin	—	—	—	—	—	—	—	—	—	—	—	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	530M	549M	569M	586M	602M	628M	441M	419M	432M	160M	322M	313M
Operating expenses	530M	549M	569M	586M	602M	628M	441M	419M	432M	160M	322M	313M
Operating income	—	—	—	—	—	—	—	—	—	—	—	—
Operating margin	—	—	—	—	—	—	—	—	—	—	—	—
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	268M	-2.8B	-381M	-424M	-335M	-238M	-121M	-81M	-41M	45M	32M	48M
Income tax	61M	-112M	-54M	-101M	-55M	-50M	-21M	-11M	-5M	16M	11M	14M
Net income	207M	-2.7B	-327M	-323M	-280M	-188M	-100M	-70M	-36M	29M	21M	34M
Net margin	19.9%	-308.1%	-43.4%	-48.1%	-44.9%	-35.1%	-20.4%	-14.1%	-6.94%	5.21%	4.22%	6.59%
EBITDA	—	—	—	—	—	—	—	—	—	—	—	—
EPS	0.82	-1.08	-1.35	-1.14	-0.79	-0.41	-0.26	-0.19	-0.11	0.05	0.03	0.06
Diluted EPS	0.81	-1.08	-1.35	-1.14	-0.79	-0.41	-0.26	-0.19	-0.11	0.05	0.03	0.06

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	7.7B	6.3B	4.6B	5.6B	4.9B	5.7B	4.2B	—	—	—	5B
Enterprise value	19.1B	14B	12.4B	14.4B	13.9B	18.4B	25.2B	—	—	—	11.9B
Shares outstanding	161.7M	162.4M	162.4M	155.1M	154.2M	154.7M	161.2M	237.9M	330.7M	415.3M	415.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	15.6	13.6	10.9	14.2	9.55	9.51	6.4	—	—	—	412.3
P/S	5.36	4.64	4.08	5.37	4.2	4.2	2.81	—	—	—	2.53
P/B	1.26	0.93	0.69	0.83	0.71	0.8	0.47	—	—	—	0.68
EV/Sales	13.3	10.3	11.1	13.8	12	13.6	17	—	—	—	5.85
Earnings yield	6.42%	7.35%	9.21%	7.06%	10.5%	10.5%	15.6%	—	—	—	0.24%
FCF yield	8.7%	20.5%	11.6%	9.12%	6.84%	5.05%	24.6%	—	—	—	-4.2%
PEG	—	—	—	—	—	—	—	—	—	—	-3.13

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Operating margin	—	—	—	—	—	—	—	—	—	—	20.3%
Net margin	34.4%	34.1%	37.6%	37.9%	44%	44.1%	43.9%	-2.17%	-43.3%	-8.58%	2.36%
ROE	8.09%	6.86%	6.35%	5.89%	7.47%	8.46%	7.37%	-0.94%	-13.7%	-2.17%	0.59%
ROA	—	—	—	—	—	—	—	—	-1.12%	-0.2%	0.05%
Return on tangible assets	—	—	—	—	—	—	—	—	-1.13%	-0.2%	0.06%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Debt / equity	1.96	1.83	2.06	2.09	2.27	2.77	3.59	2.54	1.77	1.5	0.01
Debt / assets	—	—	—	—	—	—	—	—	0.14	0.14	0.12
Effective tax rate	36.3%	30.2%	24.3%	24.5%	13.1%	26.1%	21.3%	0%	0%	0%	42.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	8.9	8.41	6.91	6.71	7.53	8.73	9.19	15.3	7.81	4.96	4.88
EPS (basic)	3.03	2.7	2.37	2.31	3.06	3.6	3.78	-0.48	-3.4	-0.5	-0.5
EPS (diluted)	3.03	2.7	2.37	2.31	3.06	3.6	3.78	-0.48	-3.4	-0.5	0.03
Book value per share	37.9	41.9	41	43.3	44.4	45.5	54.7	35.2	24.7	19.6	18.3
FCF per share	4.15	8	3.27	3.29	2.17	1.85	6.35	0.83	0.15	-0.6	0.14
Cash per share	4.09	29.5	36.1	33.7	42	44.1	66.1	74.8	78.1	52	12.4
Capex per share	0.52	0.17	0.06	0.06	0.01	0.03	0.02	0.28	0.11	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	5.85%	2.03%	0.88%	0.86%	0.09%	0.3%	0.2%	1.82%	1.39%	—	—
Capex / operating cash flow	1.53%	0.9%	1.87%	1.76%	0.26%	1.16%	0.27%	-6.41%	-2.17%	—	—
Payout ratio	66.8%	76.5%	86.6%	88.6%	68.3%	58.6%	53.8%	-657%	-7.87%	-27.1%	133.3%
Dividend yield	4.29%	5.63%	7.98%	6.26%	7.15%	6.16%	8.42%	—	—	—	0.33%

Yield

0.33%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.01

ex-dividend Sep 4, 2026

Payout ratio

133%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 4, 2026	$0.01
Jun 5, 2026	$0.01
Mar 6, 2026	$0.01

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1B	$878M	$754M	$671M	$623M	$536M	$490M	$496M	$519M	$557M	$498M	$516M
YoY change	+203.8%	+111.1%	+15.6%	-36.8%	-40.2%	-39%	-35%	-26.1%	-16.7%	+3.92%	+1.63%	+4.03%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	662.1M	4.8B	5.9B	5.2B	6.5B	6.8B	10.7B	17.8B	25.8B	21.6B
Receivables	—	—	—	—	234M	214M	—	—	—	300M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	373.7M	368.7M	346.2M	598.8M	554M	270M	491M	652M	562M	477M
Goodwill & intangibles	5.3B	4.9B	4.9B	4.9B	4.9B	4.9B	7.5B	3.5B	1B	762M
Total assets	—	—	—	—	—	—	—	—	100.2B	87.5B
Accounts payable	—	—	—	—	19M	18M	—	—	—	39M
Short-term debt	—	—	—	—	—	3.8B	10.3B	7.3B	3.8B	4B
Total current liabilities	—	—	—	—	—	—	—	—	—	—
Long-term debt	12B	12.5B	13.7B	14B	15.6B	15.8B	21.3B	13.9B	10.7B	8.2B
Total liabilities	—	—	—	—	—	—	—	—	92B	79.4B
Shareholders' equity	6.1B	6.8B	6.7B	6.7B	6.8B	7B	8.8B	8.4B	8.2B	8.1B
Total debt	12B	12.5B	13.7B	14B	15.6B	19.5B	31.7B	21.3B	14.4B	12.2B
Net debt	11.5B	9.9B	12.2B	13.3B	13.6B	17.3B	29.6B	9.8B	-1B	6.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	14.3B	17.8B	13.5B	20.1B	23.4B	25.8B	25.4B	8.1B	8.5B	21.6B	7B	5.1B
Receivables	—	—	—	—	—	—	—	—	—	300M	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	—	—	—	—	—	—	—	—	—	—	—	—
Property, plant & equipment	638M	652M	—	—	—	562M	486M	474M	464M	477M	474M	472M
Goodwill & intangibles	8.4B	3.5B	3.4B	3.4B	1B	1B	918M	866M	814M	762M	712M	666M
Total assets	—	—	112.9B	119.1B	114.4B	100.2B	97.6B	92.2B	91.7B	87.5B	87.1B	87.7B
Accounts payable	—	—	—	—	—	—	—	—	—	39M	—	—
Short-term debt	—	7.3B	—	—	—	3.8B	3.5B	2.5B	2.5B	4B	3.5B	4.3B
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	—
Long-term debt	14B	13.9B	24.8B	28.8B	20.3B	10.7B	10.7B	10.7B	10.7B	8.2B	7.7B	6.7B
Total liabilities	—	—	104.5B	110.7B	105.8B	92B	89.5B	84.1B	83.6B	79.4B	79B	79.6B
Shareholders' equity	11B	8.4B	8.4B	8.4B	8.6B	8.2B	8.2B	8.1B	8.1B	8.1B	8.1B	8.1B
Total debt	14B	21.3B	24.8B	28.8B	20.3B	14.4B	14.2B	13.2B	13.2B	12.2B	11.2B	10.9B
Net debt	7.1B	9.8B	11.9B	9.8B	-2.8B	-1B	1.6B	5.1B	4.7B	6.3B	4.2B	5.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	495.4M	466.2M	422.4M	395M	511M	596M	650M	-79M	-1.1B	-177M
Depreciation & amortization	35.2M	33M	32.3M	27M	24M	21M	23M	165M	184M	148M
Stock-based compensation	32.7M	36M	36.3M	32M	29M	31M	29M	47M	54M	61M
Change in working capital	322.5M	475.5M	-23.1M	-44.9M	-402M	-290M	248M	-976M	-487M	-437M
Operating cash flow	5.5B	3.1B	526.3M	511.1M	382M	344M	1.1B	-1B	-1.7B	-181M
Capital expenditure	-84.2M	-27.8M	-9.8M	9M	1M	-4M	-3M	-66M	-36M	—
Investing cash flow	2.4B	348.2M	-2.2B	-312M	-21M	-80M	-1.1B	25B	-737M	-4.9B
Dividends paid	-330.8M	-356.8M	-365.9M	-350M	-349M	-349M	-350M	-519M	-88M	-48M
Share repurchases	-8.7M	-18.5M	-163.2M	-75M	-59M	-16M	-24M	-12M	-11M	—
Financing cash flow	-2.4B	-632.4M	764.6M	-77M	1.1B	113M	-2.7B	-671M	-5.9B	-2.2B
Net change in cash	5.4B	2.8B	-935.2M	122.1M	1.5B	377M	-2.7B	23.3B	-8.3B	-7.3B
Free cash flow	671.5M	1.3B	530.5M	510M	334M	286M	1B	197M	50M	-248M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	207M	-2.7B	-327M	-323M	-280M	-188M	-100M	-70M	-36M	29M	21M	34M
Depreciation & amortization	47M	46M	46M	44M	49M	45M	39M	37M	37M	35M	35M	33M
Stock-based compensation	13M	14M	6M	15M	17M	16M	15M	14M	17M	15M	14M	19M
Change in working capital	547M	-483M	-507M	617M	-408M	-189M	-726M	357M	-58M	-10M	-214M	182M
Operating cash flow	826M	-3.3B	-736M	275M	-698M	-498M	-798M	262M	243M	-189M	-118M	226M
Capital expenditure	11M	-24M	-38M	-22M	27M	-3M	-12M	-7M	—	—	—	—
Investing cash flow	-1.1B	-480M	-252M	-1.1B	594M	63M	-1.9B	-1.7B	-611M	-621M	1.1B	-1.9B
Dividends paid	-134M	-130M	-43M	-20M	-12M	-13M	-12M	-12M	-13M	-11M	-13M	-12M
Share repurchases	0	-1M	-8M	-1M	-1M	-1M	-4M	-1M	-2M	—	—	—
Financing cash flow	-3.5B	6.5B	6.4B	1.8B	-9.6B	-4.6B	70M	-919M	577M	-853M	-1B	-1B
Net change in cash	-3.8B	2.7B	5.4B	982M	-9.7B	-5B	-2.7B	-2.4B	209M	-1.7B	11M	-2.7B
Free cash flow	1.1B	755M	-332M	774M	-1B	620M	-602M	348M	233M	-227M	-138M	200M

Date	Ratio
Jul 12, 2024	1:3
Feb 18, 2004	4:3
May 22, 2003	4:3
Sep 21, 2001	3:2
Mar 30, 2001	3:2
Sep 30, 1998	3:2
Oct 2, 1997	3:2
Apr 11, 1997	3:2
Aug 23, 1996	4:3
Oct 3, 1994	3:2

Flagstar Bank, National Association Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history