FLAGSTAR FINANCIAL INC
For the period ended Dec 31, 2024. Filed Mar 4, 2025.
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FY2024 · Filed Mar 4, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Stockholders’ Equity for the years ended
Consolidated Statements of Changes in Stockholders' Equity
| (in millions, except share data) | Shares Outstanding(1) | Preferred Stock (Par Value: $0.01) | Common Stock (Par Value: 0.01) | Paid-in Capital in excess of Par | (Accumulated deficit)/Retained Earnings | Treasury Stock, at Cost | Accumulated Other Comprehensive Loss, Net of Tax | Total Stockholders’ Equity | Preferred Stock Mezzanine (Par Value: $0.01) |
|---|---|---|---|---|---|---|---|---|---|
| Balance at December 31, 2023 | 240,688,790 | $503 | $2 | $8,236 | $443 | $(218) | $(599) | $8,367 | $— |
| Issuance of mezzanine preferred stock Series B, net (192,062 shares) | — | — | — | — | — | — | — | — | 258 |
| Issuance of mezzanine preferred stock Series C, net (256,307 shares) | — | — | — | — | — | — | — | — | 346 |
| Issuance of Commons Shares and Conversion of Series B preferred to common shares, net | 63,770,655 | — | 1 | 257 | — | — | — | 258 | (257) |
| Issuance of Common Shares for the Conversion of Series C preferred, net | 85,435,619 | — | 1 | 341 | — | — | — | 342 | (346) |
| Issuance of Common Shares for March 2024 capital raise | 25,543,655 | — | — | 102 | — | — | — | 102 | — |
| Issuance of warrants to purchase common shares | — | — | — | 302 | — | — | — | 302 | — |
| Shares issued for restricted stock, net of forfeitures | (16,633) | — | — | (10) | — | 10 | — | — | — |
| Compensation expense related to restricted stock awards | — | — | — | 54 | — | — | — | 54 | — |
| Net loss | — | — | — | — | (1,118) | — | — | (1,118) | — |
| Dividends paid on common stock ($0.20) | — | — | — | — | (53) | — | — | (53) | — |
| Dividends paid on preferred stock Series A ($63.76), Series B ($6.66) | — | — | — | — | (35) | — | — | (35) | — |
| Purchase of common stock | (487,458) | — | — | — | — | (11) | — | (11) | — |
| Other comprehensive loss, net of tax | — | — | — | — | — | — | (41) | (41) | — |
| Balance at December 31, 2024 | 414,934,628 | $503 | $4 | $9,282 | $(763) | $(219) | $(640) | $8,167 | $1 |
| Balance at December 31, 2022 | 227,072,445 | $503 | $2 | $8,135 | $1,041 | $(237) | $(620) | $8,824 | $— |
| Issuance and exercise of FDIC Equity appreciation instrument | 13,010,668 | — | — | 85 | — | — | — | 85 | — |
| Shares issued for restricted stock, net of forfeitures | 1,024,855 | — | — | (31) | — | 31 | — | — | — |
| Compensation expense related to restricted stock awards | — | — | — | 47 | — | — | — | 47 | — |
| Net income | — | — | — | — | (79) | — | — | (79) | — |
| Dividends paid on common stock ($2.04) | — | — | — | — | (486) | — | — | (486) | — |
| Dividends paid on series A preferred stock ($63.76) | — | — | — | — | (33) | — | — | (33) | — |
| Purchase of common stock | (419,178) | — | — | — | — | (12) | — | (12) | — |
| Other comprehensive income, net of tax | — | — | — | — | — | — | 21 | 21 | — |
| Balance at December 31, 2023 | 240,688,790 | $503 | $2 | $8,236 | $443 | $(218) | $(599) | $8,367 | $— |
| Balance at December 31, 2021 | 155,005,214 | $503 | $— | $6,131 | $741 | $(246) | $(85) | $7,044 | $— |
| Issuance and exercise of FDIC Equity appreciation instrument | 71,663,439 | — | 2 | 2,008 | — | — | — | 2,010 | — |
| Shares issued for restricted stock, net of forfeitures | 1,182,770 | — | — | (33) | — | 33 | — | — | — |
| Compensation expense related to restricted stock awards | — | — | — | 29 | — | — | — | 29 | — |
| Net income | — | — | — | — | 650 | — | — | 650 | — |
| Dividends paid on common stock ($2.04) | — | — | — | — | (317) | — | — | (317) | — |
| Dividends paid on series A preferred stock ($63.76) | — | — | — | — | (33) | — | — | (33) | — |
| Purchase of common stock | (778,978) | — | — | — | — | (24) | — | (24) | — |
| Other comprehensive loss, net of tax | — | — | — | — | — | — | (535) | (535) | — |
| Balance at December 31, 2022 | 227,072,445 | $503 | $2 | $8,135 | $1,041 | $(237) | $(620) | $8,824 | $— |
(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.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.