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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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, Inc. (NYSE:FLG) has exhibited significant financial volatility over the last several years and quarters, with several notable trends and highlights from its income statements, cash flow statements, and balance sheets.
Positive Factors:
- Net Interest Income increased from $379 million in Q4 2022 to $461 million in Q4 2024, showing improvement in core banking income.
- Total Non-Interest Income was relatively stable, with $198 million in Q4 2022 and $164 million in Q4 2024, indicating steady fee and service income.
- Cash and Due from Banks increased substantially from $1.7 billion in Q3 2022 to $23.08 billion in Q3 2024, enhancing liquidity position.
- Loans and Leases grew from $48.7 billion in Q3 2022 to $71.1 billion in Q3 2024, reflecting growth in lending activities.
- Provision for loan losses was well-covered by operating cash flows, with positive cash flow adjustments related to provision for loan losses between quarters.
- Net cash from continuing operating activities turned positive in recent quarters, reaching $623 million in Q4 2024 after significant negative swings earlier.
Neutral Factors:
- Maintenance of a stable dividend with slight fluctuations ($0.17 per share in early 2023 vs $0.03 in Q4 2024).
- Salaries and employee benefits remain a significant operating expense, around $300 million per quarter, consistent with company size.
- Total assets and liabilities have progressively increased along with business scale, with total assets growing from $62.9 billion in Q3 2022 to $114.4 billion in Q3 2024.
- Despite losses in recent quarters, the company retained preferred stock equity around $503 million consistently, providing preferred equity cushion.
Negative Factors:
- Net losses have increased in recent years; for example, Q4 2024 reported a net loss of $188 million compared to net income of $172 million in Q4 2022, showing profitability challenges.
- Provision for credit losses sharply rose to $145 million in Q4 2024 from $124 million in Q4 2022, signaling potential asset quality concerns.
- Total Non-Interest Expense climbed critically in Q4 2023 reaching $3.13 billion (seemingly an outlier possibly reflecting restatements or unusual charges) then stabilized to about $718 million in Q4 2024.
- Restructuring charges and impairment charges have been recurring expenses, for example $11 million in Q4 2024, affecting profitability.
- Shares outstanding have nearly doubled from about 466 million in Q3 2022 to over 820 million in early 2024, potentially diluting earnings per share.
- Net cash from continuing financing activities swung heavily negative in late 2024 quarters, for instance -$12.7 billion in Q4 2024, indicating high debt repayments or cash outflows.
- Long-term debt levels remain elevated and have increased from approx. $13.5 billion in Q3 2022 to $20.3 billion in Q3 2024, which may weigh on interest expenses and financial flexibility.
- The company's equity base showed fluctuations with retained earnings moving from positive $3.3 billion in Q3 2023 to negative $562 million in Q3 2024, reflecting accumulated losses.
Overall, Flagstar Financial, Inc. has grown its asset base and loan portfolio substantially, improving core interest income while facing headwinds from credit quality pressures and increased expenses impacting profitability. The large swings in net income and cash flows highlight volatility, suggesting investors should watch credit trends, expense control, and capital structure closely moving forward.
08/29/25 07:38 AM ETAI Generated. May Contain Errors.