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Flagstar Bank, National AssociationNYSE:FLG Stock Report

Market Cap US$5.9b
Share Price
US$13.78
US$13.78
0.004% overvalued intrinsic discount
1Y22.5%
7D-0.5%
1D
Portfolio Value
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Flagstar Bank, National Association

NYSE:FLG Stock Report

Market Cap: US$5.9b

Flagstar Bank National Association (FLG) Stock Overview

Provides banking products and services in the United States. More details

FLG fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

Rewards

Earnings are forecast to grow 83.55% per year

Risk Analysis

No risks detected for FLG from our risk checks.

FLG Community Fair Values

Create Narrative

See what 34 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

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Flagstar Bank, National Association Competitors

Price History & Performance

Summary of share price highs, lows and changes for Flagstar Bank National Association
Historical stock prices
Current Share PriceUS$13.78
52 Week HighUS$14.92
52 Week LowUS$10.38
Beta1.03
1 Month Change-1.15%
3 Month Change6.99%
1 Year Change22.49%
3 Year Change-56.54%
5 Year Change-61.72%
Change since IPO287.56%

Recent News & Updates

Recent updates

Seeking Alpha • Apr 27

Flagstar Bank: Back-To-Back Profitability And Credit Rating Upgrade

Summary Flagstar Bank has seen two consecutive quarters of positive non-GAAP profits and recently received a Fitch credit rating upgrade to "BB". FLG is trading at a discount to tangible book value and well below all-time highs, despite rising deposits and improved credit quality. Strategic portfolio shifts include reducing CRE exposure and expanding commercial and industrial lending, with deposits rising 1.3% sequentially to reach $66.8 billion. Read the full article on Seeking Alpha
Seeking Alpha • Apr 16

Flagstar Financial: The Turnaround Is Working

Summary I maintain a Buy rating on Flagstar Financial due to its discount to tangible book value (TBV) and a progressing turnaround story. The new management's execution in 2024 has shown merit, with efforts to stabilize the balance sheet and improve profitability. Key strategies include reducing operating expenses, improving net interest income, and focusing on core banking services to enhance earnings. Despite macroeconomic risks, the current market price near $10 offers an attractive discount to TBV, with potential upside into the $20s. Read the full article on Seeking Alpha
Seeking Alpha • Jan 31

Flagstar Financial: A Speculative Prospect That's Not For The Faint Of Heart

Summary Flagstar Financial, formerly New York Community Bancorp, saw a 15.2% share price surge on January 30th due to improved financial performance and cost-cutting plans. Despite a significant annual loss, Flagstar Financial reported better-than-expected Q4 results, including higher revenue and reduced credit loss provisions. Management's focus on liquidity, debt reduction, and strategic asset adjustments positions Flagstar Financial for potential long-term growth and turnaround. Given the company's turnaround efforts and upside potential, I rate FLG stock as a speculative 'buy' for risk-tolerant investors. Read the full article on Seeking Alpha
Seeking Alpha • Jan 21

Flagstar Financial, Formerly NYCB, Looks Like An Interesting Deep Value Play

Summary NYCB, rebranded as Flagstar Financial (FLG), faces significant risks but offers a deep value play for long-term investors despite current negative profitability. FLG's loan portfolio is heavily concentrated in multi-family and commercial real estate, posing risks due to economic downturns and interest rate fluctuations. FLG's valuation metrics, including a price-to-book value of 0.49 and equity-to-market cap ratio of 218.67%, suggest the stock is undervalued. FLG is actively managing credit and liquidity risks, reducing commercial real estate exposure, and focusing on deposit growth to strengthen its balance sheet. Read the full article on Seeking Alpha
Seeking Alpha • Jan 09

The Making Of A Value Trap In Flagstar Financial

Summary Flagstar Financial lost another boatload of money in Q3-2024. Estimates keep coming down for 2025 and 2026, as we had previously predicted. We examine the case for investing here and tell you a couple of ways to play this which beat a buy and hold method. Read the full article on Seeking Alpha
Seeking Alpha • Dec 10

Flagstar (NYCB): Solvency Assured, Still Valued As If It's An Issue

Summary Flagstar Financial's Q3 results disappointed due to increased loan loss provisions and lower net interest income/margin, but these concerns are overblown and already priced in. Noninterest income is expected to rise significantly, offsetting some of the negative impacts on net interest income and margins. The bank has stabilized with growing deposits, high liquidity, and a shrinking loan-to-deposit ratio, reducing solvency risk. Trading at 60% of tangible book value, Flagstar offers compelling risk/reward with potential 15% annualized returns if it returns to 80% TBV. Read the full article on Seeking Alpha
Seeking Alpha • Oct 25

New York Community Bancorp: A New Chapter Begins

Summary New York Community Bancorp (soon Flagstar Financial) is in a transitional phase, marked by asset diversification, deposit growth, and cost reduction efforts. NYCB Q3 results showed a loss of $0.69 per share, poor margins, and mixed asset quality, raising new concerns. NYCB stock trades at a significant discount to tangible book value, but tangible book value has declined sharply this year. The bank's future hinges on management's ability to navigate ongoing challenges and regulatory scrutiny, with the market valuing the stock at $10-$11 feeling comfortable here. What kind of investor are you? Read the full article on Seeking Alpha
Seeking Alpha • Sep 27

Value Gap Is Closing For New York Community Bank

Summary NYCB's price still sits at a deep discount to its balance sheet, and due diligence by new management of its loans has raised confidence. The turnaround story focuses on reducing noninterest expenses and growing C&I assets, aiming for $30-35 billion in the next 3-5 years. Rate cuts should modestly increase the equity on the balance sheet, and will improve conditions for distressed borrowers broadly. A soft landing, however, isn't confirmed, and recent actions by former political rivals of company leadership spell out additional risks not necessarily felt by other banks. Read the full article on Seeking Alpha
Seeking Alpha • Sep 05

New York Community Bancorp Has Great Potential And Ambitions

Summary New York Community Bancorp almost went bankrupt, which would have wiped out shareholders, leading to some potential resentment. The company has cleaned up its balance sheet, substantially increasing its ALLL, which makes 2024 a transition year for the company. NYCB should be able to grow its NII in upcoming years, which, with a cleaned balance sheet, will enable hefty shareholder returns. Read the full article on Seeking Alpha
Seeking Alpha • Jul 26

New York Community Bancorp Q2 Earnings: Lots Of Noise But It Should Survive

Summary NYCB reported a wider-than-expected Q2 earnings loss of $1.05/share, with deposits growing 5.6% and provisions for credit losses at $390 million. Despite challenges in loan portfolio quality and higher cost of funds, NYCB's liquidity remains strong, with potential for earnings recovery in 18 months. Risks include the potential for higher loan loss allowances, but overall, NYCB is a value play with favorable risk/reward profile and potential for 29% IRR over two years. Read the full article on Seeking Alpha
Seeking Alpha • Jul 12

New York Community Bancorp: Lower Rates Will Not Save CRE-Exposed Banks If The Economy Slips

Summary New York Community Bancorp is trading at a large discount to its tangible book value, even after accounting for unrealized securities losses. Over the next year and a half, a large portion of NYCB's loans will be adjusted for much higher interest rates, improving its NIM outlook and increasing default risks. Given the continued positive trend in office vacancies and growing recession risks, investors may still underestimate NYCB's exposure to higher loan losses. With a loan-to-deposit ratio over 100% and falling deposits, NYCB's solvency and liquidity risks appear very high, mainly if we assume an economic slowdown or decline. I doubt that Steve Mnuchin's interest in NYCB will necessarily save it, as general excess liquidity appears to fade across the financial sector, limiting sideline cash. Read the full article on Seeking Alpha
Seeking Alpha • Jun 17

New York Community Bancorp's Slow And Steady Recovery

Summary New York Community Bank faces bankruptcy risk with a market cap of over $3 billion, 70% below pre-disaster highs. The company focuses on fixing problem loans, building relationships, reducing expenses, and increasing fee income for long-term growth. Forecasts show potential for strong recovery with increased efficiency, EPS growth, and book value per share doubling. Read the full article on Seeking Alpha
Seeking Alpha • Jun 11

New York Community Bancorp: Turnaround Story Makes Stock Attractive

Summary NYCB-Flagstar saw a huge crash in its share price, following major dividend cuts amid a lack of liquidity. The new team, led by CEO Joseph Otting and former Secretary of Treasury Steven Mnuchin, is working to improve the portfolio and the operational side. Q1 2024 results showed some losses being absorbed, but the balance sheet remains stable. The biggest and riskiest assets were reassessed in Q1. With more probing to be done in the portfolio, the current price gives some margin of safety on that uncertainty. Read the full article on Seeking Alpha
Seeking Alpha • May 01

New York Community Bancorp Q1 Earnings: Better Than Feared

Summary New York Community Bancorp, Inc.'s first quarter results were better than feared, with a loss of $.45 on a GAAP basis. Deposits and liquidity remain stable, with deposits growing since the end of Q1 and liquidity exceeding uninsured deposits. The company's loan book, particularly its office and multifamily portfolio, has undergone a comprehensive review and is expected to out earn worst-case scenarios. Read the full article on Seeking Alpha
Seeking Alpha • Mar 18

New York Community Bancorp: The 9% Yielding Preferreds Seem De-Risked And Should Rally

Summary New York Community Bancorp's notes, NYCB.PR.U, currently offers a 9% yield on cost. They're trading for $33.25 per share after a January decline, driven by risks that the Steven Mnuchin-led investment and recent consumer loan sale at a gain have reduced. A 34% discount to their $50 per share liquidation value represents upside to be captured on a return of investor confidence. Read the full article on Seeking Alpha
Seeking Alpha • Mar 10

Fair Value Post Dilution For New York Community Bancorp

Summary New York Community Bancorp has dropped almost 50% since our last update. The bank disclosed a large goodwill write down, which was literal and metaphorical as investors lost faith in the company. Earnings for 2024 are expected to be poor, with potential losses and higher interest costs. We examine the setup and tell you our favorite way to play it today. Read the full article on Seeking Alpha
Seeking Alpha • Mar 04

New York Community Bancorp: Why I Doubled My Position On Friday

Summary New York Community Bancorp's share price dropped by about 30% after announcing a $2.4B goodwill impairment, a delay in its 10-K report, and identification of material weaknesses in internal controls. The bank will lower its fourth-quarter earnings by $2.4B due to a goodwill impairment charge that wipes out its full-year income. The resignation of the bank's CEO and concerns about deposit withdrawals add to the uncertainty and potential risks for the bank. Shares, however, trade at a huge discount to book value (and my fair value estimate). I increased my position in NYCB on Friday by 100%, and the bank now represents 1.3% of my investable assets. Read the full article on Seeking Alpha

Shareholder Returns

FLGUS BanksUS Market
7D-0.5%-0.4%1.6%
1Y22.5%19.5%28.2%

Return vs Industry: FLG exceeded the US Banks industry which returned 19.5% over the past year.

Return vs Market: FLG underperformed the US Market which returned 28.2% over the past year.

Price Volatility

Is FLG's price volatile compared to industry and market?
FLG volatility
FLG Average Weekly Movement3.4%
Banks Industry Average Movement3.2%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

Stable Share Price: FLG has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FLG's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18595,631Joseph Ottingwww.flagstar.com

Flagstar Bank, National Association provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, and non-interest-bearing accounts, as well as certificates of deposit. It offers loan products comprising multi-family loans; commercial real estate loans; acquisition, development, and construction loans; commercial and industrial loans; one-to-four family loans; specialty finance loans and leases; warehouse loans; and home equity lines of credit, as well as other consumer loans, including overdraft loans.

Flagstar Bank, National Association Fundamentals Summary

How do Flagstar Bank National Association's earnings and revenue compare to its market cap?
FLG fundamental statistics
Market capUS$5.86b
Earnings (TTM)-US$89.00m
Revenue (TTM)US$1.97b
0.8x
P/B Ratio
2.9x
P/S Ratio

Is FLG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FLG income statement (TTM)
RevenueUS$1.97b
Cost of RevenueUS$0
Gross ProfitUS$1.97b
Other ExpensesUS$2.05b
Earnings-US$89.00m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-0.21
Gross Margin100.00%
Net Profit Margin-4.53%
Debt/Equity Ratio138.0%

How did FLG perform over the long term?

See historical performance and comparison

Dividends

0.3%
Current Dividend Yield
-19%
Payout Ratio

Does FLG pay a reliable dividends?

See FLG dividend history and benchmarks
When do you need to buy FLG by to receive an upcoming dividend?
Flagstar Bank National Association dividend dates
Ex Dividend DateJun 05 2026
Dividend Pay DateJun 17 2026
Days until Ex dividend2 days
Days until Dividend pay date14 days

Does FLG pay a reliable dividends?

See FLG dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 17:35
End of Day Share Price 2026/06/01 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Flagstar Bank, National Association is covered by 36 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bruce HartingBarclays
Jared David ShawBarclays
Lana ChanBMO Capital Markets Equity Research