FLG earnings

Joseph Otting's Employment Agreement in His Role as CEO Extended Through March 2028Richard Raffetto and Lee Smith Named Co-Presidents and Co-Chief Operating Officers with Expanded ResponsibilitiesBao Nguyen Named Chief Legal Officer and Chief Operating Officer for Consumer and Retail BankingSydney Menefee Named Chief Audit ExecutivePeter Sullivan Named General CounselHICKSVILLE, N.Y., May 18, 2026 /PRNewswire/ -- Flagstar Bank, N.A. (NYSE:FLG) (the "Bank") today announced several leadership updates which further strengthen the Bank's executive management team and support the continued execution of its long-term strategic plan, senior executive development, and succession planning.

STRONG GROWTH IN C&I LENDING AS TOTAL C&I LOANS INCREASED $1.4 BILLION OR 9% COMPARED TO PRIOR QUARTER, WITH BROAD-BASED GROWTHCORE DEPOSITS, EXCLUDING BROKERED, INCREASED $1.1 BILLION OR 2% QUARTER-OVER-QUARTER, WHILE OVERALL DEPOSITS GREW $832 MILLION OR 1%CREDIT QUALITY CONTINUES TO IMPROVE AS NON-ACCRUAL LOANS DECLINED 11% AND CRITICIZED/CLASSIFIED LOANS DECLINED 3% COMPARED TO PRIOR QUARTERCRE EXPOSURE DECLINES FURTHER WITH CRE PAR PAYOFFS OF $1.1 BILLION, INCLUDING 42% IN SUBSTANDARD AND A CRE CONCENTRATION RATIO OF 367% COMPARED TO 381% IN PRIOR QUARTERNET INTEREST MARGIN OF 2.15%, UP 1 BASIS POINT VERSUS PRIOR QUARTER; UP 10 BASIS POINTS AS ADJUSTED; COST OF FUNDS CONTINUE TO TREND L

HICKSVILLE, N.Y., April 13, 2026 /PRNewswire/ -- Flagstar Bank, N.A., (NYSE:FLG) (the "Bank") today announced that it plans to issue results for the three months ended March 31, 2026 at approximately 6:00 a.m. Eastern Time (ET) on Friday, April 24, 2026. The earnings release and presentation will be posted to the Investor Relations portion of the Bank's website, ir.flagstar.com shortly after issuance.  The Bank will conduct a conference call at 8:00 a.m. (ET) on the same date, during which Executive Chairman, President, and Chief Executive Officer, Joseph M. Otting and Senior Ex

CONTINUED MOMENTUM IN C&I LENDING WITH COMMITMENTS UP 28% TO $3 BILLION AND ORIGINATIONS UP 22% TO $2.1 BILLION; TOTAL C&I LOANS UP $343 MILLION OR 2% COMPARED TO PRIOR QUARTER, DRIVEN BY GROWTH IN KEY STRATEGIC FOCUS AREASNET INTEREST MARGIN UP 23 BASIS POINTS TO 2.14% QUARTER-OVER-QUARTER; AS ADJUSTED UP 14 BASIS POINTS TO 2.05% AS COST OF FUNDS DECLINEDCREDIT QUALITY IMPROVED AS NON-ACCRUAL LOANS DECLINED 8% COMPARED TO PRIOR QUARTER WHILE PROVISION DECLINED 92% AND NET CHARGE-OFFS IMPROVED TO 0.30% OF AVERAGE LOANSFURTHER REDUCTION IN CRE EXPOSURE WITH CRE PAR PAYOFFS OF $1.8 BILLION, INCLUDING 50% IN SUBSTANDARD AND A CRE CONCENTRATION RATIO OF 381% COMPARED TO 405% IN PRIOR QUARTERSTRO

HICKSVILLE, N.Y., Jan. 14, 2026 /PRNewswire/ -- Flagstar Bank, N.A., (NYSE:FLG) (the "Company") today announced that it plans to issue results for the three and twelve months ended December 31, 2025 at approximately 6:00 a.m. Eastern Time (ET) on Friday, January 30, 2026. The earnings release and presentation will be posted to the Investor Relations portion of the Company's website, ir.flagstar.com shortly after issuance.  The Company will conduct a conference call at 8:00 a.m. (ET) on the same date, during which Chairman, President, and Chief Executive Officer, Joseph M. Otti

C&I LOANS INCREASED $448 MILLION OR 3% FROM PRIOR QUARTER AS NEW LOAN ORIGINATIONS ROSE 41% OR $1.7 BILLION AND NEW COMMITMENTS GREW 26% OR $2.4 BILLIONNET INTEREST MARGIN IMPROVES FOR A THIRD CONSECUTIVE QUARTER, UP 10 BASIS POINTS QUARTER-OVER-QUARTER TO 1.91%OPERATING EXPENSES REMAIN WELL CONTROLLED, UP 1% ON A GAAP BASIS AND DOWN 1% ON AN ADJUSTED BASIS COMPARED TO PRIOR QUARTER AND DOWN APPROXIMATELY 28% AND 30% ON A GAAP AND ADJUSTED BASIS, RESPECTIVELY, OR $800 MILLION ANNUALIZED COMPARED TO PRIOR YEARCRE PAR PAYOFFS OF $1.3 BILLION INCLUDING 42% IN SUBSTANDARD LOANS FURTHER REDUCING OVERALL CRE EXPOSUREPROVISION FOR CREDIT LOSSES DECREASED 41% COMPARED TO PRIOR QUARTER AS CREDIT QUAL

HICKSVILLE, N.Y., Oct. 17, 2025 /PRNewswire/ -- Flagstar Bank, N.A. (NYSE:FLG) today announced the completion of its previously approved holding company reorganization, effective at the close of business on October 17, 2025, a step that simplifies the corporate structure, reduces regulatory burden, and lowers operating expenses. As part of the reorganization, Flagstar Financial Inc. merged with and into its wholly owned subsidiary, Flagstar Bank, N.A., with Flagstar Bank, N.A., now the surviving entity and public company. "We remain focused on executing our strategic plan, inc

HICKSVILLE, N.Y., Oct. 15, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE:FLG) (the "Company") the holding company for Flagstar Bank, N.A., (the "Bank"), announced today that at its Special Meeting of Shareholders held on October 15, 2025, shareholders approved all proposals related to the previously announced holding company reorganization. The approved proposals include: Approval and adoption of the Amended and Restated Agreement and Plan of Merger between the Company and the Bank, under which the Company will merge into the Bank, with the Bank as the surviving entity.A

HICKSVILLE, N.Y., Oct. 9, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE:FLG) (the "Company") the holding company for Flagstar Bank, N.A., (the "Bank"), today announced that Institutional Shareholder Services (ISS), an industry leading independent proxy advisory firm, has recommended that FLG shareholders vote "FOR" the Company's three proposals to enhance its corporate structure by merging the Holding Company into its Bank subsidiary at the upcoming Special Meeting of Shareholders on Wednesday, October 15. "The support of Institutional Shareholder Services — widely recog

HICKSVILLE, N.Y., Oct. 6, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE:FLG) (the "Company") today announced it has received the required approvals from the Office of the Comptroller of the Currency (the "OCC") to merge the Company and Flagstar Bank, N.A., (the "Bank"), whereby the Company will merge with and into the Bank, with the Bank as the surviving entity (the "Reorganization"). The resulting entity will continue to be known as Flagstar Bank, N.A. and stock of the Company currently listed for trading on the New York Stock Exchange ("NYSE") will continue to be listed on the NYSE by Flagstar Bank, N.A., under the same ticker symbol currently used by the Company – "FLG".

HICKSVILLE, N.Y., Oct. 3, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE:FLG) (the "Company") today announced that it plans to issue results for the three and nine months ended September 30, 2025 at approximately 6:00 a.m. Eastern Time (ET) on Friday, October 24, 2025. The earnings release and presentation will be posted to the Investor Relations portion of the Company's website, ir.flagstar.com shortly after issuance.  The Company will conduct a conference call at 8:00 a.m. (ET) on the same date, during which Chairman, President, and Chief Executive Officer, Joseph M. Ot

HICKSVILLE, N.Y., Aug. 28, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE:FLG) (the "Company") announced today that Chairman, President, and Chief Executive Officer Joseph Otting, Senior Executive Vice President and Chief Financial Officer Lee Smith, and Senior Executive Vice President and President of Commercial & Private Banking Richard Raffetto, will participate in the Barclays 23rd Annual Global Financial Services Conference in New York City, on Tuesday, September 9, 2025 at 2:00 p.m. (ET). A live audio-only webcast will be available at the Company's website, ir.flags

HICKSVILLE, N.Y., Aug. 26, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE:FLG) (the "Company") announced that Wednesday, October 15th, has been established as the date of its Special Meeting of Shareholders (the "Special Meeting"). The meeting will be held in a virtual format only, via live webcast, beginning at 10:00 a.m. Eastern Time. The date of record for voting at the Special Meeting was established as August 18, 2025. Shareholders of the Company as of the record date will be entitled to receive notice of, and vote at, the Special Meeting. Further details regarding t

ANNOUNCES PLANS TO ELIMINATE BANK HOLDING COMPANYSTRONG C&I MOMENTUM AS NEW LOAN ORIGINATIONS INCREASE 57% AND NEW COMMITMENTS RISE 80% ON A LINKED-QUARTER BASISCRITICIZED & CLASSIFIED ASSETS DECLINE 9% FROM PRIOR QUARTER AND 15% OVER FIRST HALF OF YEARCREDIT COSTS MODERATING AS PROVISION FOR CREDIT LOSSES DECLINED COMPARED TO FIRST QUARTERRECORD PAR PAYOFFS INCLUDING 45% IN SUBSTANDARD LOANS DRIVE CRE EXPOSURE LOWERDISCIPLINED EXPENSE MANAGEMENT PUSHES ADJUSTED OPERATING EXPENSES DOWN 5% COMPARED TO PRIOR QUARTER - ON TRACK TO MEET EXPENSE SAVE GOALSNET INTEREST MARGIN INCREASED COMPARED TO PRIOR QUARTERMAINTAINED STRONG CAPITAL AND LIQUIDITY POSITIONSSecond Quarter 2025 Summary Asset Quali

HICKSVILLE, N.Y., July 24, 2025 /PRNewswire/ - Flagstar Financial, Inc. (NYSE: FLG) (the "Company") the holding company for Flagstar Bank, N.A., (the "Bank"), announced today that its Board of Directors has approved a merger agreement between the Company and the Bank whereby the Company will merge into the Bank, with the Bank as the surviving entity (the "Reorganization"). The resulting entity will continue to be known as Flagstar Bank, N.A. and its common stock will continue to trade on the New York Stock Exchange ("NYSE") under the same ticker symbol currently used by the Company – "FLG".

HICKSVILLE, N.Y., July 7, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE:FLG) (the "Company") today announced that it plans to issue results for the three and six months ended June 30, 2025 at approximately 6:00 a.m. Eastern Time (ET) on Friday, July 25, 2025. The earnings release and presentation will be posted to the Investor Relations portion of the Company's website, ir.flagstar.com shortly after issuance.  The Company will conduct a conference call at 8:00 a.m. (ET) on the same date, during which Chairman, President, and Chief Executive Officer, Joseph M. Otting and

C&I LOAN ORIGINATIONS INCREASED OVER 40% ON A LINKED-QUARTER BASISADJUSTED OPERATING EXPENSES DECLINE 22% YEAR-OVER-YEAR MAINTAINED STRONG CAPITAL AND LIQUIDITY POSITIONSNET INTEREST MARGIN STABILIZESCREDIT COSTS IMPROVE AS PROVISION FOR CREDIT LOSSES AND NET CHARGE-OFFS DECLINED ON A LINKED-QUARTER BASISLOAN SALES AND CONTINUED MANAGEMENT EMPHASIS ON LOAN PAYOFFS DRIVE FURTHER DECLINE IN COMMERCIAL REAL ESTATE EXPOSUREFirst Quarter 2025 Summary Asset Quality Loans, Deposits, and Funding •  Total ACL of $1,215 million or 1.82% of total loans HFI    compared to 1.83% in previous quarter •  Multi-family ACL coverage of 1.82% v. 1.87% in Q4'24 •  Multi-family with rent-regulated units equal to

HICKSVILLE, N.Y., April 2, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE:FLG) (the "Company") today announced that it plans to issue results for the three months ended March 31, 2025 at approximately 6:00 a.m. Eastern Time (ET) on Friday, April 25, 2025. The earnings release and presentation will be posted to the Investor Relations portion of the Company's website, ir.flagstar.com shortly after issuance.  The Company will conduct a conference call at 8:00 a.m. (ET) on the same date, during which Chairman, President, and Chief Executive Officer, Joseph M. Otting and Senio

Seasoned Executive with Extensive Experience at HSBC, Deutsche Bank, and Wells Fargo to Lead and Drive Growth inPrivate Banking and Wealth Management HICKSVILLE, N.Y., March 17, 2025 /PRNewswire/ -- Flagstar Bank, N.A., (the "Bank") a subsidiary of Flagstar Financial, Inc. (NYSE:FLG) (the "Company"), is pleased to announce the appointment of Mark Pittsey as Executive Vice President, Head of Private Banking and Wealth Management. With extensive expertise in global private banking, wealth management, and financial distribution, Mark has a proven track record in leading teams, creating and driving strategic initiatives, and achieving significant business growth. His background spans managing a

HICKSVILLE, N.Y., Feb. 24, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE:FLG) (the "Company") today announced that Wednesday, June 4th, has been established as the date of its 2025 Annual Meeting of Shareholders. The meeting will be held in a virtual format only, via live webcast, beginning at 10:00 a.m. Eastern Time. The date of record for voting at the Annual Meeting will be April 7, 2025. Shareholders of the Company as of the record date will be entitled to receive notice of, and vote at, the Annual Meeting. Further details regarding the Annual Meeting, including how

A group of leading and influential nonprofit and community leaders attendedDialogue centered on reimagining future of community reinvestment strategiesIntent to formalize goals and objectives for sustained meaningful impactHICKSVILLE, N.Y., Jan. 31, 2025 /PRNewswire/ -- Flagstar Bank, N.A., (the "Bank") a subsidiary of Flagstar Financial, Inc. (NYSE:FLG) (the "Company") convened a group of influential nonprofit and community group leaders from key sectors—such as affordable housing, small business, economic development, and support for veterans, Indigenous communities, and People of Color—to meet with the Bank's executive leadership for a roundtable discussion aimed at reimagining expectatio

HICKSVILLE, N.Y., Jan. 31, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE:FLG) (the "Company") today announced that its Board of Directors declared a quarterly cash dividend of $0.01 per share on the Company's common stock.  The dividend is payable on March 17, 2025 to common stockholders of record as of March 7, 2025. In addition, the Board of Directors declared quarterly cash dividends on two series of its preferred stock. A quarterly cash dividend on its Fixed-to-Floating Rate Noncumulative Perpetual Preferred Stock, Series A (NYSE:FLG) at the rate of $15.94 per prefer

CAPITAL POSITION CONTINUES TO STRENGTHEN AS CET1 RATIO INCREASES TO 11.9%, TOP QUARTILE OF PEER GROUPONGOING IMPROVEMENT IN FUNDING MIX AS WHOLESALE BORROWINGS AND HIGH-COST DEPOSITS DECLINECONTINUED DEPOSIT GROWTH IN RETAIL CHANNEL AND IN THE PRIVATE BANK, BOTH UP 3% SEQUENTIALLYPROVISION FOR CREDIT LOSSES DECLINED 55%COMMERCIAL REAL ESTATE EXPOSURE CONTINUES TO DECLINE DUE TO STRONG PAYOFF ACTIVITY AND LOAN SALES  Fourth Quarter 2024 Summary Asset Quality Loans, Deposits, and Funding Asset quality trends stabilizing: NCOs declined 8% versus previous quarter Non-accrual loans relatively flat compared to prior quarter Nearly 60% of non-accrual loans are current Total ACL of $1.2 billion or

HICKSVILLE, N.Y., Jan. 21, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE:FLG) (the "Company") today announced that it plans to issue results for the three and twelve months ended December 31, 2024 at approximately 6:00 a.m. Eastern Time (ET) on Thursday, January 30, 2025. The earnings release and presentation will be posted to the Investor Relations portion of the Company's website, ir.flagstar.com shortly after issuance. The Company will conduct a conference call at 8:00 a.m. (ET) on the same date, during which Chairman, President, and Chief Executive Officer, Joseph M.

HICKSVILLE, N.Y., Dec. 13, 2024 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE:FLG) (the "Company") today announced the appointment of Brian Callanan, Senior Managing Director and General Counsel at Liberty Strategic Capital ("Liberty"), to its Board of Directors, effective December 16, 2024. Commenting on the appointment, Joseph M. Otting, Chairman, President, and CEO said, "I'm pleased to have Brian join our Board. His proven track record and expertise in financial services, along with his strategic insights will be instrumental as we continue to execute on our transformatio

HICKSVILLE, N.Y., Dec. 13, 2024 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE:FLG) (the "Company"), today announced the appointment of Lee Smith as Senior Executive Vice President and Chief Financial Officer (CFO), effective December 27, 2024. The appointment follows the decision of current CFO Craig Gifford to step down to reengage in personal endeavors outside of the banking industry. Gifford will remain with the Bank through March 31, 2025, and work closely with Smith during the transition period, ensuring a seamless hand-over and continued support for the Bank's ongoing initiatives.

HICKSVILLE, N.Y., Nov. 1, 2024 /PRNewswire/ -- Flagstar Bank, N.A. (the "Bank"), the bank subsidiary of Flagstar Financial, Inc. (NYSE:FLG) (the "Company") announced today that it has closed the previously announced sale of its residential mortgage servicing/sub-servicing business, mortgage servicing rights, and the third-party origination platform to Mr. Cooper Group Inc. ("Mr. Cooper"), for approximately $1.3 billion in cash. The transaction is expected to increase the Company's CET1 capital ratio by approximately 60 basis points on a proforma basis as of September 30, 2024.

- Full-service branch offering banking services and financial education- Grants $50,000 CRA for Neighborhood Housing Services of Brooklyn Bedford-Stuyvesant CDC HICKSVILLE, N.Y., Oct. 30, 2024 /PRNewswire/ -- Flagstar Bank, N.A., (the "Bank") a subsidiary of Flagstar Financial, Inc. (NYSE:FLG) (the "Company") hosted a grand opening event to commemorate its new branch in Brooklyn's Bedford-Stuyvesant neighborhood. In conjunction with the event, the Bank announced a $50,000 Community Reinvestment Act (CRA) grant to Neighborhood Housing Services of Brooklyn Bedford-Stuyvesant CDC, a local building tenant and community partner.

Christopher Higgins named Chief Information Officer, solidifies executive management buildoutRich Martin named Head of Credit Review, bolsters risk management oversightEach brings, respectively, nearly 30 years and 40 years of executive experience in major financial institutions.HICKSVILLE, N.Y., Oct. 29, 2024 /PRNewswire/ -- Flagstar Bank, N.A., (the "Bank") a subsidiary of Flagstar Financial, Inc. (NYSE:FLG) (the "Company") today announced the appointment of two senior leaders to its technology and risk teams, effective immediately. These strategic additions will enhance oversight of technology and credit processes, ensuring alignment with industry and regulatory standards while driving in