FLAGSTAR BANK, NATIONAL ASSOCIATION

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

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FY2025 · Filed Feb 27, 2026

FLG$10.51-0.7%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows for the years ended

	Year Ended December 31,
(in millions)	2025	2024	2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$(177)	$(1,118)	$(79)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Provision for credit losses	184	1,092	833
Depreciation and amortization	148	184	165
Loss (gain) on business acquisition	—	121	(2,131)
Goodwill impairment	—	—	2,426
Stock-based compensation	61	54	47
Deferred tax benefit	(63)	(411)	(187)
Other operating activities, net	(250)	121	133
Decrease (increase) in other assets	171	282	(721)
Decrease in other liabilities	(608)	(769)	(255)
Change in loans held for sale, net	353	530	32
Net cash (used in) provided by operating activities	(181)	86	263
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from repayment of securities available-for-sale	2,517	2,099	1,402
Proceeds from sales of securities available-for-sale including loans that have been securitized	95	373	1,858
Purchases of securities available-for-sale	(7,694)	(3,440)	(3,046)
Redemption of Federal Home Loan Bank stock	222	436	1,501
Purchases of Federal Home Loan Bank and Federal Reserve Bank stock	(49)	(190)	(1,626)
Net proceeds from sales of MSRs	—	1,418	50
Other changes in loans, net	7,644	14,772	(4,331)
Purchases of premises and equipment, net	(67)	(36)	(66)
Other investing activities, net	19	21	30
Cash acquired in business acquisition	—	—	24,901
Net cash provided by investing activities	2,687	15,453	20,673
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in deposits	(9,870)	(5,671)	(10,738)
Net increase (decrease) in short-term advances	250	(4,250)	(550)
Proceeds from long-term debt issuances/advances	4,000	28,236	19,850
Repayments of long-term debt issuances/advances	(6,500)	(30,837)	(19,374)
Cash dividends paid on common stock	(15)	(53)	(486)
Cash dividends paid on preferred stock	(33)	(35)	(33)
Proceeds from common stock issued, net	—	1,004	—
Other financing activities, net	80	17	(78)
Net cash used in financing activities	(12,088)	(11,589)	(11,409)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(9,582)	3,950	9,527
Cash, cash equivalents, and restricted cash at beginning of year	15,559	11,609	2,082
Cash, cash equivalents, and restricted cash at end of year (1)	$5,977	$15,559	$11,609
Supplemental information:
Cash paid for interest	$2,865	$3,693	$2,290
Non-cash investing and financing activities:
Securitization of loans to mortgage-backed securities available-for-sale	—	267	222
Transfer of loans from held for investment to held for sale	347	8,610	163
Transfer of loans from held for sale to held for investment	33	—	—
Shares issued for restricted stock awards	40	10	31
Business Combinations:
Fair value of tangible assets acquired	—	—	37,384
Intangible assets	—	—	464
Liabilities assumed	—	—	35,632
Issuance of FDIC Equity appreciation instrument	—	—	85

(1)Refer to Note 15 - Derivative and Hedging Activities for our reconciliation of cash, cash equivalents, and restricted cash.

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