Flagstar Financial (FLG) Financials

$12.00 +0.04 (+0.29%)

As of 12:40 PM Eastern

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

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

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

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

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

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

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%

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%

Financials Breakdown Chart

Key Financial Trends

FLAGSTAR FINANCIAL, INC. (Ticker: FLG) has experienced significant financial fluctuations over the last four years, with its quarterly reports showing notable trends in revenue, expenses, and net income as well as changes in cash flow and balance sheet items.

Key Positive Trends:

Increase in Net Interest Income over several quarters, peaking near $624 million in Q1 2024, reflecting improved core lending operations.
Growing Other Service Charges and Non-Interest Income, which adds diversification to revenue streams, with Q4 2024 Non-Interest Income at $164 million.
Substantial cash flow from operating activities in recent quarters, such as $623 million in Q4 2024, indicating strong cash-generating capability despite net losses.
Incremental growth in cash and due from banks from $6.9 billion in Q3 2023 to $23.1 billion in Q3 2024, showing enhanced liquidity.
Improvement in total assets from approximately $63 billion in Q3 2022 to $114 billion in Q3 2024, signaling growth in business scale.

Neutral Observations:

Provision for credit losses remains elevated with peaks near $552 million (Q4 2023) and $390 million (Q2 2024), reflecting ongoing risk management but also signaling credit quality pressures.
Consistent payment of dividends to common shareholders, albeit small per-share amounts ($0.01 to $0.17 range), showing commitment to shareholder returns despite earnings variability.
Weighted average shares outstanding have increased over time, from roughly 466 million in early 2022 to 415 million in late 2024, reflecting dilution effects or changes in capital structure.
Interest expense on deposits and long-term debt has generally increased, with long-term debt interest reaching $376 million in Q2 2024, indicating higher borrowing costs or debt levels.
Capital expenditures on property and equipment consistently range in the $3 to $38 million range each quarter, maintaining asset base.

Negative Trends and Concerns:

Consecutive quarterly net losses throughout 2024, with net losses widening from roughly -$188 million in Q4 to -$327 million in Q1, suggesting ongoing profitability challenges.
Sharp declines in pre-tax income and net income compared to prior years, with net income dropping from positive $2 billion+ in early 2022 down to large losses in 2023 and 2024.
Large restructuring charges incurred in multiple quarters (up to $63 million in Q4 2023 and $43 million in Q1 2024), which may indicate operational challenges or costs of transformation.
Net cash outflows from financing activities increased significantly in 2024, particularly Q4 2024's negative $12.7 billion, reflecting heavy debt repayments and deposit outflows which could strain liquidity.
Allowance for loan and lease losses has risen sharply, from $218 million in Q3 2022 to over $1.2 billion in late 2023 and 2024, signaling increased credit risk and potential future loan losses.

Overall, FLAGSTAR FINANCIAL appears to be navigating a complex operating environment marked by rising credit provisions, solvent but stretched liquidity management, and ongoing restructuring expenses weighing on earnings. The company demonstrates growth in asset size and interest income but must address persistent profitability pressures and credit quality deterioration as reflected in its recent quarterly results.

10/09/25 12:40 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Flagstar Financial's Financials

When does Flagstar Financial's financial year end?

According to the most recent income statement we have on file, Flagstar Financial's fiscal year ends in December. Their fiscal 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. See where experts think Flagstar Financial is headed by visiting Flagstar Financial's forecast page.

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%.

Related Companies

This page (NYSE:FLG) was last updated on 10/9/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Flagstar Financial (FLG) Financials

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Flagstar Financial's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Flagstar Financial (FLG) Financials

Annual Income Statements for Flagstar Financial

Quarterly Income Statements for Flagstar Financial

Annual Cash Flow Statements for Flagstar Financial

Quarterly Cash Flow Statements for Flagstar Financial

Annual Balance Sheets for Flagstar Financial

Quarterly Balance Sheets for Flagstar Financial

Annual Metrics And Ratios for Flagstar Financial

Quarterly Metrics And Ratios for Flagstar Financial

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About Flagstar Financial's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools