FLGNYSESavings Institutions, Not Federally CharteredUS GAAP · USD

Flagstar Bank, N.A

Flagstar Bank, National Association is a U.S. regional bank headquartered in Hicksville, New York, with a branch network spanning nine states and a mix of retail, private banking, and commercial lending activities. It operates as a single reportable segment and has been repositioning itself through a strategic transformation to become a more diversified, relationship-driven bank with stronger funding, risk management, and earnings stability.

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Net income-177m USD
+84.2 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

0102030m USD2020: 22 m USD20202021: 23 m USD20212022: 27 m USD2022202320242025
RevenueOperating profit (EBIT)
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Business

Share of revenue
Deposits and retail banking30 %

Checking, savings, CDs, and branch/mobile banking services used to gather low-cost funding and serve households.

Commercial and industrial lending20 %

Loans to middle-market and mid-sized businesses originated nationally.

Commercial real estate and multifamily lending25 %

Property-backed lending, including multifamily loans concentrated in New York City and CRE in the Northeast and Midwest.

Private banking and wealth-related services10 %

Private bank branches and relationship services for high-net-worth individuals and their businesses.

Mortgage and other banking services15 %

Mortgage offerings, servicing-related activities, and ancillary products such as insurance and non-deposit investments.

Customers

Flagstar serves retail depositors, mortgage customers, private banking clients, and commercial borrowers. Its lending base is anchored by middle-market companies, real estate sponsors, and property owners, while its deposit franchise relies on households and relationship clients across its branch footprint. Private banking also targets high-net-worth individuals and their businesses, especially in New York and on the West Coast.

Retail deposit customers

Households and individuals who place deposits in checking, savings, money market, and CDs, providing core funding for the bank.

Commercial borrowers

Middle-market and mid-sized companies that borrow for working capital, growth, and general corporate purposes.

Commercial real estate borrowers

Property owners and sponsors financing multifamily and commercial real estate, especially in the Northeast and Midwest.

Private banking clients

High-net-worth individuals and their businesses that buy relationship banking and deposit services through private bank branches.

Mortgage-related customers

Borrowers and related customers tied to mortgage origination and servicing activities.

Strategy

Flagstar is executing a transformation plan to become a more diversified regional bank with stronger capital, liquidity, and recurring earnings power. Management is prioritizing relationship banking, disciplined commercial lending, operational efficiency, talent development, and tighter risk and regulatory alignment. The bank also aims to improve its funding mix and reduce non-core assets to support a more stable franchise.

Build a relationship-driven regional banking franchiseMedium term

A deeper customer relationship model can improve deposit stickiness, cross-sell, and long-term profitability.

Disciplined commercial banking and lendingMedium term

Selective lending supports credit quality and reduces volatility in a rate-sensitive balance sheet.

Improve funding mix and liquidity resilienceShort term

Lower-cost, more stable funding reduces interest expense and supports balance-sheet flexibility.

Strengthen risk management and regulatory alignmentShort term

Better controls are essential for a bank with complex credit, liquidity, and compliance exposures.

Geography

Flagstar is headquartered in Hicksville, New York and operates approximately 340 locations across nine states. Its strongest presence is in the greater New York/New Jersey region and the upper Midwest, with additional exposure to Florida and the West Coast. The loan book is also geographically concentrated in specific markets, including New York City multifamily and Northeast/Midwest commercial real estate collateral.

Risks

Flagstar’s earnings are highly sensitive to interest rates, credit performance, and deposit funding costs, which is typical for a regional bank with a large loan book and deposit franchise. Company-specific execution risks include transformation plan delivery, internal control remediation, and regulatory scrutiny, while its real estate concentration adds cyclical and collateral-value risk. Cybersecurity, privacy, liquidity, and reputational risks also matter because the business depends on customer trust and stable funding.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Liquidity and funding risk1Interest rate risk2Credit risk3Operational and internal control risk4Regulatory and legal risk5Cybersecurity and privacy risk6
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Liquidity and funding riskImpact: HighLikelihood: High

    The bank relies on deposits and wholesale funding, and higher-cost brokered deposits can affect profitability.

    ExposureDeposit mixLiquidity buffersFunding costs
  2. Interest rate riskImpact: HighLikelihood: Medium

    Changes in rates affect loan yields, deposit costs, and the value of securities and loans.

    Exposure: Net interest income and capital sensitivity

  3. Credit riskImpact: HighLikelihood: Medium

    The loan book includes commercial real estate, multifamily, and C&I exposures that can deteriorate in a downturn.

    Exposure: Allowance for credit losses and charge-offs

  4. Operational and internal control riskImpact: HighLikelihood: Low

    Management disclosed material weaknesses in internal control over financial reporting and ongoing remediation.

    Exposure: Financial reporting reliability and execution risk

  5. Regulatory and legal riskImpact: MediumLikelihood: Medium

    Banks face intensive supervision, compliance obligations, and potential enforcement actions.

    ExposureCapitalGrowthRemediation costs
  6. Cybersecurity and privacy riskImpact: MediumLikelihood: Medium

    The bank stores sensitive customer data and depends on digital channels and third-party providers.

    ExposureCustomer trustFinesOperational disruption
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Accounting

Judgemental items
Allowance for credit losses

Requires judgment about lifetime losses on loans, leases, and unfunded commitments.

Impact: Can materially affect provision expense and earnings

Fair value measurements

Valuation assumptions influence reported values for market-sensitive assets and liabilities.

Impact: Can create earnings and balance-sheet volatility

Internal control over financial reporting

Material weaknesses increase the risk of misstatement and remediation costs.

Impact: Affects confidence in reported results

Deposit and funding classification

Changes in deposit composition, including brokered CDs, affect interest expense and liquidity presentation.

Impact: Impacts margin trends and funding analysis

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Last updated: 24/09/2026

Flagstar Bank, N.A (NYSE) – Savings Institutions, Not Federally Char | Financial Analysis – Clarifo