FLAGSTAR FINANCIAL INC
For the period ended Dec 31, 2024. Filed Mar 4, 2025.
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FY2024 · Filed Mar 4, 2025
FLG$10.51-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Condition and
Consolidated Statements of Condition
| December 31, | ||
|---|---|---|
| (in millions, except per share data) | 2024 | 2023 |
| ASSETS: | ||
| Cash and cash equivalents | $15,430 | $11,475 |
| Securities: | ||
| Debt Securities available-for-sale | 10,402 | 9,145 |
| Equity investments with readily determinable fair values, at fair value | 14 | 14 |
| Total securities | 10,416 | 9,159 |
| Loans held for sale | 899 | 1,182 |
| Loans and leases held for investment, net of deferred loan fees and costs | 68,272 | 84,619 |
| Less: Allowance for credit losses on loans and leases | (1,201) | (992) |
| Total loans and leases held for investment, net | 67,071 | 83,627 |
| Federal Home Loan Bank stock and Federal Reserve Bank stock, at cost | 1,146 | 1,392 |
| Premises and equipment, net | 562 | 652 |
| Core deposit and other intangibles | 488 | 625 |
| Mortgage servicing rights | 26 | 1,111 |
| Bank-owned life insurance | 1,605 | 1,580 |
| Other assets | 2,517 | 3,254 |
| Total assets | $100,160 | $114,057 |
| LIABILITIES AND STOCKHOLDERS' EQUITY: | ||
| Deposits: | ||
| Interest-bearing checking and money market accounts | $20,780 | $30,700 |
| Savings accounts | 14,282 | 8,773 |
| Certificates of deposit | 27,324 | 21,554 |
| Non-interest-bearing accounts | 13,484 | 20,499 |
| Total deposits | 75,870 | 81,526 |
| Borrowed funds: | ||
| Wholesale borrowings | 13,400 | 20,250 |
| Junior subordinated debentures | 582 | 579 |
| Subordinated notes | 444 | 438 |
| Total borrowed funds | 14,426 | 21,267 |
| Other liabilities | 1,696 | 2,897 |
| Total liabilities | 91,992 | 105,690 |
| Mezzanine equity: | ||
| Preferred stock - Series B | 1 | — |
| Stockholders' equity: | ||
| Preferred stock - Series A and D | 503 | 503 |
| Common stock at par 0.01 (666,666,666 and 300,000,000.00 shares authorized; 422,416,178 and 248,051,930 shares issued; and 414,934,628 and 240,688,790 shares outstanding, respectively) (1) | 4 | 2 |
| Paid-in capital in excess of par | 9,282 | 8,236 |
| (Accumulated deficit)/retained earnings | (763) | 443 |
| Treasury stock, at cost (7,481,550 and 7,363,140 shares, respectively) | (219) | (218) |
| Accumulated other comprehensive loss, net of tax: | ||
| Net unrealized loss on securities available for sale, net of tax of $249 and $225, respectively | (653) | (581) |
| Net unrealized loss on pension and post-retirement obligations, net of tax of $14 and $12, respectively | (35) | (28) |
| Net unrealized gain on cash flow hedges, net of tax of $(18) and $(6), respectively | 48 | 10 |
| Total accumulated other comprehensive loss, net of tax | (640) | (599) |
| Total stockholders’ equity | 8,167 | 8,367 |
| Total liabilities, mezzanine and stockholders’ equity | $100,160 | $114,057 |
(1)On June 27, 2024, the Company announced a 1 for 3 reverse stock split, effective July 11, 2024. This reverse stock split is reflected retroactively in all periods presented. See Note 1 - Description of Business, Organization and Basis of Presentation.
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