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Flagstar Financial (FLG) Financials

Flagstar Financial logo
$11.56 +0.19 (+1.67%)
As of 03:59 PM Eastern
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Annual Income Statements for Flagstar Financial

Annual Income Statements for Flagstar Financial

This table shows Flagstar Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 -47 495 442 390 362 478 617 -112 -1,153
Consolidated Net Income / (Loss)		 -47 495 466 422 395 511 650 -79 -1,118
Net Income / (Loss) Continuing Operations		 -47 495 466 422 402 511 650 -79 -1,118
Total Pre-Tax Income 		-132 777 668 558 523 588 826 -50 -1,378
Total Revenue		 619 1,433 1,347 1,123 1,041 1,161 1,643 5,764 2,552
Net Interest Income / (Expense)		 408 1,287 1,130 1,031 957 1,100 1,396 3,077 2,152
Total Interest Income		 1,692 1,675 1,582 1,690 1,805 1,708 2,092 5,491 5,953
Loans and Leases Interest Income		 1,441 1,472 1,417 1,468 1,553 1,542 1,848 4,509 4,369
Investment Securities Interest Income		 250 203 165 222 252 166 244 982 1,584
Total Interest Expense		 1,284 387 452 659 848 608 696 2,414 3,801
Deposits Interest Expense		 160 171 230 379 530 306 383 1,758 2,576
Long-Term Debt Interest Expense		 1,123 216 222 279 318 302 313 656 1,225
Total Non-Interest Income		 211 146 217 92 84 61 247 2,687 400
Other Service Charges		 108 42 46 36 19 28 42 239 267
Net Realized & Unrealized Capital Gains on Investments		 30 19 112 -1.99 8.00 1.00 167 2,302 18
Other Non-Interest Income		 82 91 78 58 57 32 38 146 115
Provision for Credit Losses		 -15 4.18 37 18 7.00 62 133 833 1,092
Total Non-Interest Expense		 766 652 641 547 511 511 684 4,981 2,838
Salaries and Employee Benefits		 343 352 364 317 302 301 354 1,149 1,263
Net Occupancy & Equipment Expense		 102 99 99 100 89 86 92 200 211
Property & Liability Insurance Claims		 - - - - - - 0.00 126 313
Other Operating Expenses		 312 188 179 129 120 124 158 624 809
Amortization Expense		 5.34 2.39 0.21 - - 0.00 5.00 126 136
Impairment Charge		 - - - - - - 0.00 2,426 0.00
Restructuring Charge		 3.70 11 - - 0.00 0.00 75 330 106
Income Tax Expense		 -85 282 202 135 121 77 176 29 -260
Preferred Stock Dividends Declared		 - 0.00 25 33 33 33 33 33 35
Basic Earnings per Share		 ($0.11) $1.01 $0.90 $0.79 $0.77 $1.02 $3.78 ($0.49) ($3.49)
Weighted Average Basic Shares Outstanding		 448.98M 485.15M 487.07M 487.29M 467.30M 465.70M 682.90M 797.92M 414.72M
Diluted Earnings per Share		 ($0.11) $1.01 $0.90 $0.79 $0.77 $1.02 $3.77 ($0.49) ($3.49)
Weighted Average Diluted Shares Outstanding		 448.98M 485.15M 487.07M 487.29M 467.30M 465.70M 682.90M 797.92M 414.72M
Weighted Average Basic & Diluted Shares Outstanding		 448.98M 485.15M 487.07M 487.29M 467.30M 465.70M 682.90M 797.92M 414.72M
Cash Dividends to Common per Share		 - - - - - - - - $0.20

Quarterly Income Statements for Flagstar Financial

This table shows Flagstar Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 144 163 1,998 405 199 -2,714 -335 -333 -289 -196
Consolidated Net Income / (Loss)		 152 172 2,006 413 207 -2,705 -327 -323 -280 -188
Net Income / (Loss) Continuing Operations		 152 172 2,006 413 207 -2,705 -327 -323 -280 -188
Total Pre-Tax Income 		205 184 2,007 492 268 -2,817 -381 -424 -335 -238
Total Revenue		 343 577 2,653 1,202 1,042 867 633 671 623 625
Net Interest Income / (Expense)		 326 379 555 900 882 740 624 557 510 461
Total Interest Income		 509 681 1,034 1,498 1,512 1,447 1,513 1,548 1,534 1,358
Loans and Leases Interest Income		 442 589 867 1,161 1,251 1,230 1,193 1,167 1,061 948
Investment Securities Interest Income		 67 92 167 337 261 217 320 381 473 410
Total Interest Expense		 183 302 479 598 630 707 889 991 1,024 897
Deposits Interest Expense		 110 200 283 441 491 543 570 615 700 691
Long-Term Debt Interest Expense		 73 102 196 157 139 164 319 376 324 206
Total Non-Interest Income		 17 198 2,098 302 160 127 9.00 114 113 164
Other Service Charges		 8.00 15 27 62 79 71 34 70 72 91
Net Realized & Unrealized Capital Gains on Investments		 -1.00 169 2,050 229 70 -47 -64 32 31 19
Other Non-Interest Income		 10 14 21 11 11 103 39 12 10 54
Provision for Credit Losses		 2.00 124 170 49 62 552 315 390 242 145
Total Non-Interest Expense		 136 269 476 661 712 3,132 699 705 716 718
Salaries and Employee Benefits		 79 116 219 289 346 295 333 312 316 302
Net Occupancy & Equipment Expense		 22 25 37 50 55 58 52 52 59 48
Other Operating Expenses		 31 63 136 161 165 162 236 183 188 202
Amortization Expense		 0.00 5.00 17 37 36 36 35 33 37 31
Restructuring Charge		 4.00 60 67 109 91 63 43 34 18 11
Income Tax Expense		 53 12 1.00 79 61 -112 -54 -101 -55 -50
Preferred Stock Dividends Declared		 8.00 9.00 0.00 8.00 8.00 17 8.00 10 9.00 8.00
Basic Earnings per Share		 $0.31 $0.24 $2.88 $1.66 $0.82 ($3.40) ($0.45) ($1.14) ($0.79) ($0.47)
Weighted Average Basic Shares Outstanding		 466.14M 682.90M 722.13M 722.48M 722.49M 797.92M 820.72M 351.43M 415.11M 414.72M
Diluted Earnings per Share		 $0.30 $0.24 $2.87 $1.66 $0.81 ($3.40) ($0.45) ($1.14) ($0.79) ($0.47)
Weighted Average Diluted Shares Outstanding		 466.14M 682.90M 722.13M 722.48M 722.49M 797.92M 820.72M 351.43M 415.11M 414.72M
Basic & Diluted Earnings per Share		 - $0.24 - - - ($3.40) - - - ($0.47)
Weighted Average Basic & Diluted Shares Outstanding		 466.14M 682.90M 722.13M 722.48M 722.49M 797.92M 820.72M 351.43M 415.11M 414.72M
Cash Dividends to Common per Share		 $0.17 $0.13 $0.17 $0.17 - $0.16 $0.05 $0.01 $0.01 $0.03

Annual Cash Flow Statements for Flagstar Financial

This table details how cash moves in and out of Flagstar Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -26 20 1,970 -1,053 -733 1,206 263 -129 9,527 3,950
Net Cash From Operating Activities		 -420 756 1,327 540 510 334 290 1,026 263 86
Net Cash From Continuing Operating Activities		 -420 756 1,326 540 509 333 290 1,026 263 86
Net Income / (Loss) Continuing Operations		 -47 495 466 422 395 511 596 650 -79 -1,118
Consolidated Net Income / (Loss)		 -47 495 466 422 395 511 596 650 -79 -1,118
Provision For Loan Losses		 -15 4.18 37 - 7.00 62 3.00 133 833 1,092
Depreciation Expense		 31 33 33 32 27 24 21 18 39 48
Amortization Expense		 -2.73 -24 -4.35 -3.89 8.00 11 -5.00 -32 347 317
Non-Cash Adjustments to Reconcile Net Income		 -206 -75 319 113 117 246 17 -138 67 -296
Changes in Operating Assets and Liabilities, net		 -181 322 475 -23 -45 -521 -342 395 -944 43
Net Cash From Investing Activities		 -1,397 1,218 1,062 -4,020 -2,059 -1,025 -2,762 -6,323 20,673 15,453
Net Cash From Continuing Investing Activities		 -1,397 1,218 1,062 -4,020 -2,059 -1,025 -2,762 -6,323 20,673 15,453
Purchase of Property, Leasehold Improvements and Equipment		 -35 -84 - - - - -4.00 -3.00 -66 -36
Purchase of Investment Securities		 -5,182 -3,848 -2,883 -5,449 -4,495 -3,759 -2,069 -3,243 -4,672 -3,630
Divestitures		 - - - - - 0.00 0.00 331 24,901 0.00
Sale and/or Maturity of Investments		 3,820 5,150 3,945 1,429 2,436 2,734 1,869 1,611 4,841 4,347
Other Investing Activities, net		 - - - - - - -2,558 -5,019 -4,331 14,772
Net Cash From Financing Activities		 1,791 -1,954 -418 2,427 816 1,897 2,735 5,168 -11,409 -11,589
Net Cash From Continuing Financing Activities		 1,791 -1,954 -418 2,427 816 1,897 2,735 5,168 -11,409 -11,589
Net Change in Deposits		 98 461 214 1,662 893 780 2,622 7,662 -10,738 -5,671
Issuance of Debt		 12,012 1,181 3,000 5,667 5,886 8,075 2,072 9,479 19,850 28,236
Issuance of Preferred Equity		 - - 503 - - - - 0.00 0.00 1.00
Issuance of Common Equity		 630 - - - - - - 0.00 0.00 1,004
Repayment of Debt		 -10,490 -3,256 -3,760 -4,374 -5,538 -6,550 -1,594 -11,599 -19,990 -35,060
Repurchase of Common Equity		 -7.02 - - -161 -67 -50 0.00 -7.00 0.00 0.00
Payment of Dividends		 -454 -331 -357 -366 -350 -349 -349 -350 -519 -88
Other Financing Activities, Net		 2.49 -8.68 -18 -2.48 -8.00 -9.00 -16 -17 -12 -11
Cash Interest Paid		 541 382 447 646 813 633 402 657 2,290 3,693
Cash Income Taxes Paid		 188 180 218 44 76 118 471 17 54 33

Quarterly Cash Flow Statements for Flagstar Financial

This table details how cash moves in and out of Flagstar Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -1,577 382 20,347 -6,409 -8,891 4,480 1,419 6,028 4,095 -7,592
Net Cash From Operating Activities		 232 395 3,035 -4,605 1,054 779 -294 796 -1,039 623
Net Cash From Continuing Operating Activities		 231 396 3,035 -4,605 1,054 779 -294 796 -1,039 623
Net Income / (Loss) Continuing Operations		 152 172 2,006 413 207 -2,705 -327 -323 -280 -188
Consolidated Net Income / (Loss)		 152 172 2,006 413 207 -2,705 -327 -323 -280 -188
Provision For Loan Losses		 2.00 124 170 49 62 552 315 390 242 145
Depreciation Expense		 4.00 5.00 8.00 10 11 10 11 11 12 14
Amortization Expense		 -6.00 -24 -19 -46 -66 478 84 78 84 71
Non-Cash Adjustments to Reconcile Net Income		 23 -160 -2,001 -209 -3.00 2,280 32 -81 -64 -183
Changes in Operating Assets and Liabilities, net		 56 279 2,871 -4,822 843 164 -409 721 -1,033 764
Net Cash From Investing Activities		 -1,672 -1,581 25,105 -965 -1,733 -1,734 1,960 -788 9,827 4,454
Net Cash From Continuing Investing Activities		 -1,672 -1,581 25,105 -965 -1,733 -1,734 1,960 -788 9,827 4,454
Purchase of Property, Leasehold Improvements and Equipment		 -2.00 -12 -11 - - -24 -38 -22 27 -3.00
Purchase of Investment Securities		 -1,980 2,395 -2,577 -1,803 1,122 -1,414 1,176 -1,261 9,022 -12,567
Sale and/or Maturity of Investments		 310 724 2,650 880 -2,866 4,177 822 495 778 2,252
Net Cash From Financing Activities		 -137 1,568 -7,793 -839 -8,212 5,435 -247 6,020 -4,693 -12,669
Net Cash From Continuing Financing Activities		 -137 1,568 -7,793 -839 -8,212 5,435 -247 6,020 -4,693 -12,669
Net Change in Deposits		 461 1,016 -7,496 3,687 -5,832 -1,097 -6,672 4,171 3,977 -7,147
Issuance of Debt		 3,975 2,549 2,400 -3,950 5,225 16,175 13,759 2,411 -3,920 15,986
Issuance of Common Equity		 - - 0.00 - - - 413 333 257 1.00
Repayment of Debt		 -4,485 -1,904 -2,564 -443 -7,471 -9,512 -8,291 -537 -4,737 -21,495
Payment of Dividends		 -88 -88 -124 -131 -134 -130 -43 -20 -12 -13
Other Financing Activities, Net		 - -5.00 0.00 -11 - -1.00 -8.00 -1.00 -1.00 -1.00
Cash Interest Paid		 170 258 489 554 613 634 777 880 1,065 971
Cash Income Taxes Paid		 5.00 4.00 13 4.00 15 22 9.00 19 3.00 2.00

Annual Balance Sheets for Flagstar Financial

This table presents Flagstar Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 50,318 48,927 49,124 51,899 53,641 56,306 59,527 90,144 114,057 100,160
Cash and Due from Banks		 538 558 2,528 1,475 742 1,948 2,211 2,032 11,475 15,430
Trading Account Securities		 6,174 3,817 3,531 5,644 5,886 5,845 5,780 9,074 14 14
Loans and Leases, Net of Allowance		 38,012 39,308 38,265 40,006 41,747 42,807 45,539 68,608 83,627 67,071
Loans and Leases		 38,191 39,490 38,423 40,166 41,894 43,001 45,738 69,001 84,619 68,272
Allowance for Loan and Lease Losses		 179 182 158 160 148 194 199 393 992 1,201
Loans Held for Sale		 - - - - - - - 1,115 1,182 899
Premises and Equipment, Net		 322 374 369 346 313 287 270 491 652 562
Intangible Assets		 2.60 0.21 - - - - - 287 625 488
Other Assets		 2,833 2,434 1,995 1,992 2,528 2,993 3,285 6,111 7,337 5,294
Total Liabilities & Shareholders' Equity		 50,318 48,927 49,124 51,899 53,641 56,306 59,527 90,144 114,057 100,160
Total Liabilities		 44,383 42,803 42,329 45,244 46,929 49,464 25,659 81,320 105,690 91,992
Non-Interest Bearing Deposits		 2,504 2,635 2,312 2,397 2,432 3,080 - 12,055 20,499 13,484
Interest Bearing Deposits		 25,923 26,253 26,790 28,368 29,225 29,357 8,892 46,666 61,027 62,386
Long-Term Debt		 13,464 11,665 12,105 13,348 13,758 15,284 15,105 21,332 21,267 14,426
Other Long-Term Liabilities		 567 600 672 631 714 943 862 1,267 2,897 1,696
Redeemable Noncontrolling Interest		 - - - - - - - - 0.00 1.00
Total Equity & Noncontrolling Interests		 5,935 6,124 6,795 6,655 6,712 6,842 7,044 8,824 8,367 8,167
Total Preferred & Common Equity		 5,935 6,124 6,795 6,655 6,712 6,842 7,044 8,824 8,367 8,167
Preferred Stock		 0.00 - 503 503 503 503 503 503 503 503
Total Common Equity		 5,935 6,124 6,293 6,152 6,209 6,339 6,541 8,321 7,864 7,664
Common Stock		 6,029 6,052 6,077 6,105 6,120 6,128 6,131 8,137 8,238 9,286
Retained Earnings		 -37 128 238 297 342 494 741 1,041 443 -763
Treasury Stock		 -0.45 -0.16 -7.62 -162 -221 -258 -246 -237 -218 -219
Accumulated Other Comprehensive Income / (Loss)		 -57 -57 -15 -88 -34 8.00 -85 -672 -599 -640

Quarterly Balance Sheets for Flagstar Financial

This table presents Flagstar Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 62,956 123,706 118,796 111,230 112,900 119,055 114,367
Cash and Due from Banks		 1,700 22,250 15,806 6,929 12,890 18,990 23,080
Trading Account Securities		 6,703 7,613 7,796 8,723 9,336 10,549 10,525
Loans and Leases, Net of Allowance		 48,766 81,997 82,684 83,376 81,112 73,284 69,852
Loans and Leases		 48,984 82,547 83,278 83,995 82,327 74,552 71,116
Allowance for Loan and Lease Losses		 218 550 594 619 1,215 1,268 1,264
Loans Held for Sale		 - 1,305 2,194 1,926 981 7,845 1,851
Premises and Equipment, Net		 250 628 660 638 679 691 649
Intangible Assets		 - 734 697 661 590 557 519
Other Assets		 3,111 14,366 6,533 6,551 7,312 7,139 7,891
Total Liabilities & Shareholders' Equity		 62,956 123,706 118,796 111,230 112,900 119,055 114,367
Total Liabilities		 56,210 146,657 107,736 100,237 103,915 110,400 105,795
Non-Interest Bearing Deposits		 3,839 107,797 29,752 24,863 17,752 17,874 18,572
Interest Bearing Deposits		 37,866 10,302 58,745 57,812 57,106 61,158 64,441
Short-Term Debt		 300 - - - 1,958 121 60
Long-Term Debt		 13,498 21,794 16,412 14,038 24,769 28,771 20,273
Other Long-Term Liabilities		 707 6,764 2,827 2,977 2,330 2,476 2,449
Redeemable Noncontrolling Interest		 - - - - 595 258 1.00
Total Equity & Noncontrolling Interests		 6,746 10,782 11,060 10,993 8,390 8,397 8,571
Total Preferred & Common Equity		 6,746 10,782 11,060 10,993 8,390 8,397 8,571
Preferred Stock		 503 503 503 503 503 503 503
Total Common Equity		 6,243 10,279 10,557 10,490 7,887 7,894 8,068
Common Stock		 6,126 8,204 8,211 8,224 8,656 9,001 9,270
Retained Earnings		 957 2,923 3,205 3,278 73 -270 -562
Treasury Stock		 -238 -219 -217 -217 -225 -223 -219
Accumulated Other Comprehensive Income / (Loss)		 -642 -629 -642 -795 -617 -702 -495
Other Equity Adjustments		 40 - - - - 88 74

Annual Metrics And Ratios for Flagstar Financial

This table displays calculated financial ratios and metrics derived from Flagstar Financial's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -53.89% 131.56% -6.01% -16.66% -7.27% 11.53% 16.28% 21.70% 250.82% -55.73%
EBITDA Growth		 -112.89% 861.40% -11.37% -15.87% -4.79% 11.65% 31.94% -1.22% -58.62% -401.49%
EBIT Growth		 -117.08% 688.68% -14.01% -16.54% -6.22% 12.43% 37.07% 2.48% -106.05% -2,656.00%
NOPAT Growth		 -119.04% 636.10% -5.89% -9.39% -4.83% 27.11% 16.63% 9.06% -105.38% -2,656.00%
Net Income Growth		 -109.71% 1,150.56% -5.89% -9.39% -6.49% 29.37% 16.63% 9.06% -112.15% -1,315.19%
EPS Growth		 -110.09% 1,018.18% -10.89% -12.22% -2.53% 32.47% 17.65% 9.06% -112.15% -612.24%
Operating Cash Flow Growth		 -158.20% 279.74% 75.57% -59.27% -5.62% -34.51% -13.17% 253.79% -74.37% -67.30%
Free Cash Flow Firm Growth		 -207.37% 231.51% -80.77% -280.65% 50.27% -215.02% -2,191.24% 177.20% -97.60% 1,147.52%
Invested Capital Growth		 7.78% -7.70% 0.32% 5.96% 3.73% 7.79% 117.10% -39.41% -1.73% -23.76%
Revenue Q/Q Growth		 -54.60% 106.21% -3.69% -2.26% -1.05% 5.77% 1.15% 17.02% 5.30% -8.66%
EBITDA Q/Q Growth		 -113.10% 1,053.87% -4.08% -1.86% 0.39% 7.25% 2.27% -4.47% -88.13% 68.23%
EBIT Q/Q Growth		 -117.39% 960.86% -4.14% -2.16% -0.15% 8.67% 2.58% -1.78% -101.69% 65.18%
NOPAT Q/Q Growth		 -118.90% 883.97% 5.14% -7.61% 1.62% 18.99% -6.24% 3.50% -101.25% 65.18%
Net Income Q/Q Growth		 -109.65% 2,240.98% 5.14% -7.61% -0.15% 20.96% -6.24% 3.50% -102.82% 69.24%
EPS Q/Q Growth		 -110.00% 876.92% 4.65% -8.14% 1.32% 21.43% -7.69% 3.50% -102.82% 60.52%
Operating Cash Flow Q/Q Growth		 -183.73% 353.45% -20.78% 133.20% -22.66% -18.94% 72.62% 21.28% 317.36% -64.46%
Free Cash Flow Firm Q/Q Growth		 -589.39% 162.22% -52.53% 30.59% -151.29% 43.48% -4,121.88% 715.57% 128.83% 191.44%
Invested Capital Q/Q Growth		 4.29% 0.60% 3.12% 1.13% 6.55% 2.27% 122.19% 46.79% 18.39% -21.83%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 -16.68% 54.86% 51.72% 52.21% 53.60% 53.66% 60.89% 49.42% 5.83% -39.69%
EBIT Margin		 -21.33% 54.23% 49.61% 49.68% 50.24% 50.65% 59.70% 50.27% -0.87% -54.00%
Profit (Net Income) Margin		 -7.62% 34.57% 34.61% 37.63% 37.94% 44.01% 44.15% 39.56% -1.37% -43.81%
Tax Burden Percent		 35.72% 63.75% 69.77% 75.75% 75.53% 86.90% 73.95% 78.69% 158.00% 81.13%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 36.25% 30.23% 24.25% 23.14% 13.10% 26.05% 21.31% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -0.46% 2.47% 2.41% 2.12% 1.92% 2.31% 1.64% 1.63% -0.12% -3.69%
ROIC Less NNEP Spread (ROIC-NNEP)		 -0.14% 2.47% 2.41% 2.12% 1.88% 2.31% 1.64% 1.63% -0.32% -4.55%
Return on Net Nonoperating Assets (RNNOA)		 -0.35% 5.75% 4.80% 4.16% 3.99% 5.23% 6.94% 6.57% -0.80% -9.83%
Return on Equity (ROE)		 -0.80% 8.22% 7.22% 6.28% 5.91% 7.54% 8.58% 8.19% -0.92% -13.52%
Cash Return on Invested Capital (CROIC)		 -7.95% 10.48% 2.10% -3.67% -1.74% -5.18% -72.22% 50.71% 1.63% 23.26%
Operating Return on Assets (OROA)		 -0.27% 1.57% 1.36% 1.10% 0.99% 1.07% 1.39% 1.10% -0.05% -1.29%
Return on Assets (ROA)		 -0.10% 1.00% 0.95% 0.84% 0.75% 0.93% 1.03% 0.87% -0.08% -1.04%
Return on Common Equity (ROCE)		 -0.80% 8.22% 6.94% 5.81% 5.47% 6.98% 7.96% 7.67% -0.87% -12.70%
Return on Equity Simple (ROE_SIMPLE)		 -0.79% 8.09% 6.86% 6.35% 5.89% 7.47% 8.46% 7.37% -0.94% -13.69%
Net Operating Profit after Tax (NOPAT)		 -92 495 466 422 402 511 596 650 -35 -965
NOPAT Margin		 -14.93% 34.57% 34.61% 37.63% 38.62% 44.01% 44.15% 39.56% -0.61% -37.80%
Net Nonoperating Expense Percent (NNEP)		 -0.32% 0.00% 0.00% 0.00% 0.05% 0.00% 0.00% 0.00% 0.21% 0.86%
SG&A Expenses to Revenue		 71.92% 31.44% 34.35% 37.20% 37.56% 33.33% 28.96% 27.15% 23.40% 57.76%
Operating Expenses to Revenue		 123.76% 45.48% 47.62% 48.70% 49.09% 44.01% 40.07% 41.63% 86.42% 111.21%
Earnings before Interest and Taxes (EBIT)		 -132 777 668 558 523 588 806 826 -50 -1,378
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -103 786 697 586 558 623 822 812 336 -1,013
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.83 0.83 0.69 0.55 0.70 0.64 0.76 1.36 2.78 0.51
Price to Tangible Book Value (P/TBV)		 1.41 1.37 1.13 0.90 1.15 1.04 1.21 2.01 3.02 0.54
Price to Revenue (P/Rev)		 7.96 3.53 3.24 3.00 4.17 3.49 3.70 6.88 3.79 1.52
Price to Earnings (P/E)		 0.00 10.20 9.89 8.63 11.99 8.49 8.86 18.31 0.00 0.00
Dividend Yield		 9.85% 6.56% 7.61% 9.92% 7.32% 7.78% 6.34% 8.42% 6.75% 2.14%
Earnings Yield		 0.00% 9.80% 10.11% 11.59% 8.34% 11.78% 11.29% 5.46% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.93 0.92 0.77 0.79 0.88 0.82 0.39 1.03 1.08 0.15
Enterprise Value to Revenue (EV/Rev)		 31.27 12.32 11.06 14.47 17.92 16.10 14.21 18.93 5.57 1.32
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 22.47 21.39 27.71 33.44 30.01 23.34 38.30 95.63 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 22.72 22.30 29.12 35.67 31.80 23.80 37.65 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 35.65 31.96 38.44 46.41 36.59 32.19 47.85 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 23.37 11.23 30.05 36.58 55.98 66.16 30.31 122.18 39.22
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 8.39 36.80 0.00 0.00 0.00 0.00 1.53 65.98 0.56
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 2.52 2.15 1.85 2.08 2.17 2.35 2.26 2.42 2.54 1.77
Long-Term Debt to Equity		 2.27 1.90 1.78 2.01 2.05 2.23 2.14 2.42 2.54 1.77
Financial Leverage		 2.44 2.33 1.99 1.96 2.13 2.26 4.24 4.04 2.48 2.16
Leverage Ratio		 8.44 8.23 7.59 7.51 7.90 8.11 8.34 9.43 11.88 12.96
Compound Leverage Factor		 8.44 8.23 7.59 7.51 7.90 8.11 8.34 9.43 11.88 12.96
Debt to Total Capital		 71.60% 68.25% 64.88% 67.54% 68.44% 70.16% 69.31% 70.74% 71.77% 63.85%
Short-Term Debt to Total Capital		 7.18% 7.78% 2.33% 2.44% 3.76% 3.49% 3.49% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 64.42% 60.47% 62.56% 65.10% 64.68% 66.67% 65.82% 70.74% 71.77% 63.85%
Preferred Equity to Total Capital		 0.00% 0.00% 2.60% 2.45% 2.36% 2.19% 2.19% 1.67% 1.70% 2.23%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 28.40% 31.75% 32.52% 30.01% 29.19% 27.65% 28.50% 27.59% 26.54% 33.92%
Debt to EBITDA		 -144.94 16.75 18.02 23.63 26.09 25.82 19.35 26.27 63.29 -14.24
Net Debt to EBITDA		 -139.73 16.04 14.39 21.11 24.76 22.69 16.66 23.77 29.14 0.99
Long-Term Debt to EBITDA		 -130.41 14.84 17.37 22.77 24.66 24.53 18.38 26.27 63.29 -14.24
Debt to NOPAT		 -161.93 26.57 26.93 32.78 36.21 31.48 26.69 32.82 -607.63 -14.96
Net Debt to NOPAT		 -156.11 25.45 21.51 29.29 34.37 27.66 22.98 29.69 -279.77 1.04
Long-Term Debt to NOPAT		 -145.70 23.55 25.96 31.60 34.22 29.91 25.34 32.82 -607.63 -14.96
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 3.89% 7.48% 7.52% 7.42% 7.24% 6.34% 5.85% 6.09%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,601 2,105 405 -731 -364 -1,146 -26,251 20,267 487 6,075
Operating Cash Flow to CapEx		 -1,208.05% 897.67% 0.00% 0.00% 0.00% 0.00% 7,250.00% 34,200.00% 398.48% 238.89%
Free Cash Flow to Firm to Interest Expense		 -1.25 5.43 0.90 -1.11 -0.43 -1.88 -65.63 29.12 0.20 1.60
Operating Cash Flow to Interest Expense		 -0.33 1.95 2.93 0.82 0.60 0.55 0.73 1.47 0.11 0.02
Operating Cash Flow Less CapEx to Interest Expense		 -0.35 1.73 2.93 0.82 0.60 0.55 0.72 1.47 0.08 0.01
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.01 0.03 0.03 0.02 0.02 0.02 0.02 0.02 0.06 0.02
Fixed Asset Turnover		 1.93 4.12 3.63 3.14 3.16 3.87 4.85 4.32 10.09 4.20
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 20,898 19,288 19,350 20,504 21,269 22,926 49,773 30,156 29,634 22,594
Invested Capital Turnover		 0.03 0.07 0.07 0.06 0.05 0.05 0.04 0.04 0.19 0.10
Increase / (Decrease) in Invested Capital		 1,509 -1,610 61 1,154 766 1,657 26,847 -19,617 -522 -7,040
Enterprise Value (EV)		 19,351 17,659 14,898 16,239 18,658 18,696 19,185 31,102 32,132 3,373
Market Capitalization		 4,925 5,053 4,369 3,363 4,339 4,057 4,988 11,299 21,837 3,873
Book Value per Share		 $12.24 $12.57 $12.87 $12.55 $13.29 $13.66 $14.07 $17.85 $10.88 $18.46
Tangible Book Value per Share		 $7.21 $7.57 $7.89 $7.58 $8.09 $8.43 $8.85 $12.03 $10.02 $17.29
Total Capital		 20,898 19,288 19,350 20,504 21,269 22,926 22,949 30,156 29,634 22,594
Total Debt		 14,964 13,165 12,555 13,848 14,558 16,084 15,905 21,332 21,267 14,426
Total Long-Term Debt		 13,464 11,665 12,105 13,348 13,758 15,284 15,105 21,332 21,267 14,426
Net Debt		 14,426 12,607 10,026 12,373 13,816 14,136 13,694 19,300 9,792 -1,004
Capital Expenditures (CapEx)		 35 84 0.00 0.00 0.00 0.00 4.00 3.00 66 36
Net Nonoperating Expense (NNE)		 -45 0.00 0.00 0.00 7.00 0.00 0.00 0.00 44 153
Net Nonoperating Obligations (NNO)		 14,964 13,165 12,555 13,848 14,558 16,084 42,729 21,332 21,267 14,426
Total Depreciation and Amortization (D&A)		 29 8.94 28 28 35 35 16 -14 386 365
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.33) $3.03 $2.70 $2.37 $2.31 $3.06 $3.60 $1.26 $0.00 ($3.49)
Adjusted Weighted Average Basic Shares Outstanding		 162.12M 162.82M 163.40M 155.78M 155.77M 155.23M 155.66M 682.90M 0.00 414.72M
Adjusted Diluted Earnings per Share		 ($0.33) $3.03 $2.70 $2.37 $2.31 $3.06 $3.60 $1.26 $0.00 ($3.49)
Adjusted Weighted Average Diluted Shares Outstanding		 162.12M 162.82M 163.40M 155.78M 155.77M 155.23M 155.66M 682.90M 0.00 414.72M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $2.31 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 162.12M 162.82M 163.40M 155.78M 155.77M 155.23M 155.66M 682.90M 0.00 414.72M
Normalized Net Operating Profit after Tax (NOPAT)		 -90 503 466 422 402 511 613 709 1,894 -890
Normalized NOPAT Margin		 -14.51% 35.07% 34.61% 37.63% 38.62% 44.01% 45.41% 43.15% 32.86% -34.89%
Pre Tax Income Margin		 -21.33% 54.23% 49.61% 49.68% 50.24% 50.65% 59.70% 50.27% -0.87% -54.00%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -0.10 2.01 1.48 0.85 0.62 0.97 2.02 1.19 -0.02 -0.36
NOPAT to Interest Expense		 -0.07 1.28 1.03 0.64 0.47 0.84 1.49 0.93 -0.01 -0.25
EBIT Less CapEx to Interest Expense		 -0.13 1.79 1.48 0.85 0.62 0.97 2.01 1.18 -0.05 -0.37
NOPAT Less CapEx to Interest Expense		 -0.10 1.06 1.03 0.64 0.47 0.84 1.48 0.93 -0.04 -0.26
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 -962.72% 66.78% 76.53% 86.62% 88.61% 68.30% 58.56% 53.85% -656.96% -7.87%
Augmented Payout Ratio		 -977.61% 66.78% 76.53% 124.68% 105.57% 78.08% 58.56% 54.92% -656.96% -7.87%

Quarterly Metrics And Ratios for Flagstar Financial

This table displays calculated financial ratios and metrics derived from Flagstar Financial's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 3.00% 70.71% 666.76% 218.83% 203.79% 50.26% -76.14% -44.18% -40.21% -27.91%
EBITDA Growth		 0.00% -18.72% 845.97% 95.71% 4.93% -1,511.52% -114.33% -173.46% -212.21% 93.43%
EBIT Growth		 3.02% -7.54% 869.57% 113.91% 30.73% -1,630.98% -118.98% -186.18% -225.00% 91.55%
NOPAT Growth		 2.01% 14.67% 1,194.19% 141.52% 36.18% -1,246.45% -113.30% -171.86% -213.29% 91.55%
Net Income Growth		 2.01% 14.67% 1,194.19% 141.52% 36.18% -1,672.67% -116.30% -178.21% -235.27% 93.05%
EPS Growth		 0.00% 14.67% 825.81% 141.52% 36.18% -1,672.67% -115.68% -178.21% -197.53% 86.18%
Operating Cash Flow Growth		 280.33% 83.72% 1,540.54% -2,251.87% 354.31% 97.22% -109.69% 117.29% -198.58% -20.03%
Free Cash Flow Firm Growth		 1,110.00% 174.12% 5,373.40% -518.94% -313.04% -107.33% -246.15% -74.96% 4.01% 574.06%
Invested Capital Growth		 -8.29% -39.41% -105.20% 30.01% 21.84% -1.73% 3,186.60% 36.67% 15.48% -23.76%
Revenue Q/Q Growth		 -9.02% 68.22% 359.79% -54.69% -13.31% -16.79% -26.99% 6.00% -7.15% 0.32%
EBITDA Q/Q Growth		 -12.88% -18.72% 1,109.70% -77.15% -53.29% -1,193.43% 87.72% -17.13% 28.66% 35.98%
EBIT Q/Q Growth		 -10.87% -10.24% 990.76% -75.49% -45.53% -1,151.12% 86.48% -11.29% 20.99% 28.96%
NOPAT Q/Q Growth		 -11.11% 13.16% 1,066.28% -79.41% -49.88% -1,052.61% 86.48% -11.29% 20.99% 28.96%
Net Income Q/Q Growth		 -11.11% 13.16% 1,066.28% -79.41% -49.88% -1,406.76% 87.91% 1.22% 13.31% 32.86%
EPS Q/Q Growth		 -11.76% 13.16% 1,095.83% -79.41% -49.88% -1,406.76% 86.76% 1.22% 30.70% 40.51%
Operating Cash Flow Q/Q Growth		 8.41% 70.26% 668.35% -251.73% 122.89% -26.09% -137.74% 370.75% -230.53% 159.96%
Free Cash Flow Firm Q/Q Growth		 41.98% 885.02% 28.40% -123.33% 27.80% 66.12% -2,461.26% 72.07% 60.39% 267.30%
Invested Capital Q/Q Growth		 -2.78% 46.79% -103.84% 2,474.42% -8.89% 18.39% 20.51% 5.14% -23.02% -21.83%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 59.18% 28.60% 75.24% 37.94% 20.44% -268.63% -45.18% -49.93% -38.36% -24.48%
EBIT Margin		 59.77% 31.89% 75.65% 40.93% 25.72% -324.91% -60.19% -63.19% -53.77% -38.08%
Profit (Net Income) Margin		 44.31% 29.81% 75.61% 34.36% 19.87% -312.00% -51.66% -48.14% -44.94% -30.08%
Tax Burden Percent		 74.15% 93.48% 99.95% 83.94% 77.24% 96.02% 85.83% 76.18% 83.58% 78.99%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 25.85% 6.52% 0.05% 16.06% 22.76% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 2.90% 1.23% 28.32% 6.75% 4.77% -43.85% -9.13% -4.37% -3.90% -2.61%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.90% 1.23% 28.32% 6.75% 4.77% -47.29% -9.95% -4.49% -4.16% -2.72%
Return on Net Nonoperating Assets (RNNOA)		 6.18% 4.95% 5.44% 11.60% 7.49% -117.19% -7.44% -10.31% -7.32% -5.88%
Return on Equity (ROE)		 9.07% 6.17% 33.77% 18.35% 12.26% -161.05% -16.57% -14.68% -11.22% -8.49%
Cash Return on Invested Capital (CROIC)		 11.57% 50.71% 0.00% -14.81% -7.41% 1.63% -108.02% -38.21% -24.64% 23.26%
Operating Return on Assets (OROA)		 1.39% 0.70% 3.24% 2.15% 1.62% -18.34% -1.90% -1.71% -1.33% -0.91%
Return on Assets (ROA)		 1.03% 0.65% 3.23% 1.80% 1.25% -17.61% -1.63% -1.30% -1.11% -0.72%
Return on Common Equity (ROCE)		 8.41% 5.78% 31.85% 17.32% 11.57% -151.62% -15.23% -13.74% -10.64% -7.97%
Return on Equity Simple (ROE_SIMPLE)		 9.31% 0.00% 23.20% 24.80% 25.45% 0.00% -28.75% -37.49% -42.41% 0.00%
Net Operating Profit after Tax (NOPAT)		 152 172 2,006 413 207 -1,972 -267 -297 -235 -167
NOPAT Margin		 44.31% 29.81% 75.61% 34.36% 19.87% -227.44% -42.13% -44.23% -37.64% -26.66%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 3.44% 0.82% 0.12% 0.26% 0.12%
SG&A Expenses to Revenue		 29.45% 24.44% 9.65% 28.20% 38.48% 40.72% 60.82% 54.25% 60.19% 56.00%
Operating Expenses to Revenue		 39.65% 46.62% 17.94% 54.99% 68.33% 361.25% 110.43% 105.07% 114.93% 114.88%
Earnings before Interest and Taxes (EBIT)		 205 184 2,007 492 268 -2,817 -381 -424 -335 -238
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 203 165 1,996 456 213 -2,329 -286 -335 -239 -153
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.59 1.36 0.57 0.75 2.31 2.78 0.32 0.33 0.49 0.51
Price to Tangible Book Value (P/TBV)		 0.96 2.01 0.83 1.06 3.27 3.02 0.35 0.36 0.52 0.54
Price to Revenue (P/Rev)		 2.61 6.88 1.50 1.66 4.43 3.79 0.68 0.82 1.41 1.52
Price to Earnings (P/E)		 6.16 18.31 2.39 2.92 8.76 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 8.63% 8.42% 7.86% 6.21% 6.08% 6.75% 12.15% 7.14% 1.69% 2.14%
Earnings Yield		 16.23% 5.46% 41.78% 34.27% 11.41% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.79 1.03 0.00 0.33 1.27 1.08 0.49 0.35 0.06 0.15
Enterprise Value to Revenue (EV/Rev)		 11.59 18.93 1.51 1.89 5.82 5.57 4.67 4.14 0.61 1.32
Enterprise Value to EBITDA (EV/EBITDA)		 19.14 38.30 2.29 3.20 11.25 95.63 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 19.35 37.65 2.27 3.12 10.79 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 25.91 47.85 2.38 3.29 11.38 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.23 30.31 1.54 0.00 0.00 122.18 0.00 5.70 7.04 39.22
Enterprise Value to Free Cash Flow (EV/FCFF)		 6.55 1.53 0.23 0.00 0.00 65.98 0.00 0.00 0.00 0.56
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 2.05 2.42 2.02 1.48 1.28 2.54 2.97 3.34 2.37 1.77
Long-Term Debt to Equity		 2.00 2.42 2.02 1.48 1.28 2.54 2.76 3.32 2.37 1.77
Financial Leverage		 2.13 4.04 0.19 1.72 1.57 2.48 0.75 2.30 1.76 2.16
Leverage Ratio		 8.81 9.43 10.44 10.17 9.82 11.88 11.97 12.06 11.53 12.96
Compound Leverage Factor		 8.81 9.43 10.44 10.17 9.82 11.88 11.97 12.06 11.53 12.96
Debt to Total Capital		 67.16% 70.74% 66.90% 59.74% 56.08% 71.77% 74.84% 76.95% 70.34% 63.85%
Short-Term Debt to Total Capital		 1.46% 0.00% 0.00% 0.00% 0.00% 0.00% 5.48% 0.32% 0.21% 0.00%
Long-Term Debt to Total Capital		 65.70% 70.74% 66.90% 59.74% 56.08% 71.77% 69.36% 76.63% 70.14% 63.85%
Preferred Equity to Total Capital		 2.45% 1.67% 1.54% 1.83% 2.01% 1.70% 1.41% 1.34% 1.74% 2.23%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.67% 0.69% 0.00% 0.00%
Common Equity to Total Capital		 30.39% 27.59% 31.55% 38.43% 41.91% 26.54% 22.09% 21.02% 27.91% 33.92%
Debt to EBITDA		 16.23 26.27 8.39 5.82 4.96 63.29 -13.73 -10.56 -6.38 -14.24
Net Debt to EBITDA		 14.23 23.77 -0.18 0.21 2.51 29.14 -7.11 -3.62 0.86 0.99
Long-Term Debt to EBITDA		 15.88 26.27 8.39 5.82 4.96 63.29 -12.73 -10.51 -6.36 -14.24
Debt to NOPAT		 21.97 32.82 8.71 5.98 5.02 -607.63 -15.66 -12.31 -7.34 -14.96
Net Debt to NOPAT		 19.26 29.69 -0.18 0.22 2.54 -279.77 -8.11 -4.22 0.99 1.04
Long-Term Debt to NOPAT		 21.49 32.82 8.71 5.98 5.02 -607.63 -14.51 -12.25 -7.32 -14.96
Noncontrolling Interest Sharing Ratio		 7.34% 6.34% 5.69% 5.63% 5.67% 5.85% 8.10% 6.41% 5.15% 6.09%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 2,009 19,789 25,409 -5,928 -4,280 -1,450 -37,136 -10,372 -4,109 6,873
Operating Cash Flow to CapEx		 11,600.00% 3,291.67% 27,590.91% 0.00% 0.00% 3,245.83% -773.68% 3,618.18% 0.00% 20,766.67%
Free Cash Flow to Firm to Interest Expense		 10.98 65.53 53.05 -9.91 -6.79 -2.05 -41.77 -10.47 -4.01 7.66
Operating Cash Flow to Interest Expense		 1.27 1.31 6.34 -7.70 1.67 1.10 -0.33 0.80 -1.01 0.69
Operating Cash Flow Less CapEx to Interest Expense		 1.26 1.27 6.31 -7.70 1.67 1.07 -0.37 0.78 -0.99 0.69
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.02 0.02 0.04 0.05 0.06 0.06 0.03 0.03 0.02 0.02
Fixed Asset Turnover		 5.36 4.32 8.84 10.47 12.33 10.09 5.73 4.76 4.34 4.20
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 20,544 30,156 -1,157 27,472 25,031 29,634 35,712 37,547 28,905 22,594
Invested Capital Turnover		 0.07 0.04 0.37 0.20 0.24 0.19 0.22 0.10 0.10 0.10
Increase / (Decrease) in Invested Capital		 -1,857 -19,617 -23,403 6,341 4,487 -522 36,869 10,075 3,874 -7,040
Enterprise Value (EV)		 16,272 31,102 5,954 9,017 31,840 32,132 17,496 13,306 1,704 3,373
Market Capitalization		 3,671 11,299 5,907 7,908 24,228 21,837 2,561 2,643 3,947 3,873
Book Value per Share		 $13.39 $17.85 $15.05 $14.62 $14.52 $10.88 $9.88 $9.62 $22.96 $18.46
Tangible Book Value per Share		 $8.19 $12.03 $10.42 $10.29 $10.25 $10.02 $9.15 $8.94 $21.48 $17.29
Total Capital		 20,544 30,156 32,576 27,472 25,031 29,634 35,712 37,547 28,905 22,594
Total Debt		 13,798 21,332 21,794 16,412 14,038 21,267 26,727 28,892 20,333 14,426
Total Long-Term Debt		 13,498 21,332 21,794 16,412 14,038 21,267 24,769 28,771 20,273 14,426
Net Debt		 12,098 19,300 -456 606 7,109 9,792 13,837 9,902 -2,747 -1,004
Capital Expenditures (CapEx)		 2.00 12 11 0.00 0.00 24 38 22 -27 3.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 733 60 26 46 21
Net Nonoperating Obligations (NNO)		 13,798 21,332 -11,939 16,412 14,038 21,267 26,727 28,892 20,333 14,426
Total Depreciation and Amortization (D&A)		 -2.00 -19 -11 -36 -55 488 95 89 96 85
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.93 $0.24 $8.64 $1.65 $0.27 ($3.40) ($1.35) ($1.14) ($0.79) ($0.47)
Adjusted Weighted Average Basic Shares Outstanding		 155.38M 682.90M 240.71M 240.83M 722.49M 797.92M 273.57M 351.43M 415.11M 414.72M
Adjusted Diluted Earnings per Share		 $0.90 $0.24 $8.61 $1.65 $0.27 ($3.40) ($1.35) ($1.14) ($0.79) ($0.47)
Adjusted Weighted Average Diluted Shares Outstanding		 155.38M 682.90M 240.71M 240.83M 722.49M 797.92M 273.57M 351.43M 415.11M 414.72M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.24 $0.00 $0.00 $0.00 ($3.40) $0.00 $0.00 $0.00 ($0.47)
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 155.38M 682.90M 240.71M 240.83M 722.49M 797.92M 273.57M 351.43M 415.11M 414.72M
Normalized Net Operating Profit after Tax (NOPAT)		 155 228 2,073 504 277 -1,928 -237 -273 -222 -159
Normalized NOPAT Margin		 45.18% 39.53% 78.14% 41.97% 26.61% -222.35% -37.38% -40.69% -35.62% -25.42%
Pre Tax Income Margin		 59.77% 31.89% 75.65% 40.93% 25.72% -324.91% -60.19% -63.19% -53.77% -38.08%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 1.12 0.61 4.19 0.82 0.43 -3.98 -0.43 -0.43 -0.33 -0.27
NOPAT to Interest Expense		 0.83 0.57 4.19 0.69 0.33 -2.79 -0.30 -0.30 -0.23 -0.19
EBIT Less CapEx to Interest Expense		 1.11 0.57 4.17 0.82 0.43 -4.02 -0.47 -0.45 -0.30 -0.27
NOPAT Less CapEx to Interest Expense		 0.82 0.53 4.16 0.69 0.33 -2.82 -0.34 -0.32 -0.20 -0.19
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 55.57% 53.85% 15.47% 15.71% 17.05% -656.96% -18.16% -10.39% -5.64% -7.87%
Augmented Payout Ratio		 56.69% 54.92% 16.11% 15.71% 17.05% -656.96% -17.79% -10.39% -5.64% -7.87%

Key Financial Trends

Flagstar Financial (NYSE:FLG) has experienced significant changes in its financials over the last four years through 2024, showing notable challenges as well as some operational strengths.

Key positive trends and highlights:

  • Net Interest Income has remained a strong revenue driver, increasing steadily from $379 million in Q4 2022 to $461 million in Q4 2024, despite some volatility in loans and leases interest income.
  • The company generated positive and generally growing cash flow from continuing operating activities, with $623 million in Q4 2024 compared to a loss in Q3 2024, showing some operational resilience.
  • Flagstar maintained substantial asset levels, with total assets hovering around $110-$120 billion in recent quarters, reflecting a solid balance sheet foundation.
  • The firm consistently generated other service charges and non-interest income streams, contributing $164 million in Q4 2024, indicating diversification of revenue sources beyond net interest income.
  • There is active capital management with recurring cash dividends to common shareholders, although amounts are modest, e.g., $0.03 per share in Q4 2024.

Neutral observations:

  • Flagstar’s total loans and leases net of allowance decreased somewhat from $82.0 billion in Q1 2023 to approximately $69.9 billion in Q4 2024, indicating possible portfolio contraction or run-off.
  • The company’s equity base stayed relatively stable around $8.4 billion to $8.6 billion between Q2 and Q4 2024 but had been higher in earlier periods, suggesting some equity reduction over time.
  • There were large quarterly fluctuations in debt issuance and repayments, highlighted by sizable swings in net cash from financing activities, reflecting active balance sheet restructuring or liquidity management.

Negative trends and concerns:

  • The most glaring concern is the persistent net losses Flagstar has reported in recent quarters, including a $196 million loss attributable to common shareholders in Q4 2024 and even larger losses in prior quarters (e.g., a $289M loss in Q3 2024 and $327M in Q1 2024).
  • Provision for credit losses remains elevated, with $145 million in Q4 2024, showing ongoing challenges in asset quality and potential loan defaults.
  • Total non-interest expenses have remained high, consistently exceeding $700 million each quarter in 2024, compressing profitability.
  • Diluted earnings per share are negative for 2024 quarters, e.g., -$0.47 in Q4 2024, with the net losses dragging on shareholder returns and indicating operational difficulties.
  • The balance sheet shows substantial long-term debt at about $20 billion as of Q3 2024 and ongoing significant interest expenses (over $200 million quarterly), which weigh on net income.

Summary: Over the last several years, Flagstar Financial has faced headwinds evidenced by sustained losses and high provisions for credit losses impacting profitability. While its core net interest income remains solid and operational cash flow has improved recently, the pressures from elevated expenses, credit concerns, and debt servicing costs continue to challenge the company’s financial health. Investors should monitor the company’s ability to reduce credit losses, control costs, and return to sustainable profitability moving forward.

08/08/25 07:32 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Flagstar Financial's Financials

When does Flagstar Financial's fiscal year end?

According to the most recent income statement we have on file, Flagstar Financial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Flagstar Financial's net income changed over the last 8 years?

Flagstar Financial's net income appears to be on a downward trend, with a most recent value of -$1.12 billion in 2024, rising from -$47.16 million in 2015. The previous period was -$79 million in 2023. View Flagstar Financial's forecast to see where analysts expect Flagstar Financial to go next.

How has Flagstar Financial's revenue changed over the last 8 years?

Over the last 8 years, Flagstar Financial's total revenue changed from $618.84 million in 2015 to $2.55 billion in 2024, a change of 312.4%.

How much debt does Flagstar Financial have?

Flagstar Financial's total liabilities were at $91.99 billion at the end of 2024, a 13.0% decrease from 2023, and a 107.3% increase since 2015.

How much cash does Flagstar Financial have?

In the past 9 years, Flagstar Financial's cash and equivalents has ranged from $537.67 million in 2015 to $15.43 billion in 2024, and is currently $15.43 billion as of their latest financial filing in 2024.

How has Flagstar Financial's book value per share changed over the last 9 years?

Over the last 9 years, Flagstar Financial's book value per share changed from 12.24 in 2015 to 18.46 in 2024, a change of 50.9%.


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This page (NYSE:FLG) was last updated on 8/8/2025 by MarketBeat.com Staff
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