FLAGSTAR BANK, NATIONAL ASSOCIATION

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

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 27, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of (Loss) Income for the years ended

Consolidated Statements of (Loss) Income

	Year Ended December 31,
(in millions, except per share data)	2025	2024	2023
INTEREST INCOME:
Loans and leases	$3,310	$4,369	$4,509
Securities and money market investments	1,156	1,584	982
Total interest income	4,466	5,953	5,491
INTEREST EXPENSE:
Interest-bearing checking and money market accounts	612	869	943
Savings accounts	442	345	169
Certificates of deposit	1,078	1,362	646
Borrowed funds	613	1,225	656
Total interest expense	2,745	3,801	2,414
Net interest income	1,721	2,152	3,077
Provision for credit losses	184	1,092	833
Net interest income after provision for credit loan losses	1,537	1,060	2,244
NON-INTEREST INCOME:
Fee income	89	150	172
Bank-owned life insurance	49	42	43
Net gain on investment securities	31	—	—
Net return on mortgage servicing rights	—	73	103
Net gain on loan sales and securitizations	32	48	89
Net gain on mortgage/servicing sale	—	89	—
Net loan administration income	6	2	82
Bargain purchase gain	—	(121)	2,131
Other	134	117	67
Total non-interest income	341	400	2,687
NON-INTEREST EXPENSE:
Operating expenses:
Compensation and benefits	976	1,263	1,149
Occupancy and equipment	202	211	200
Software expense	173	186	180
FDIC insurance	169	313	126
Professional services	86	110	55
General and administrative	307	513	389
Total operating expense	1,913	2,596	2,099
Intangible asset amortization	107	136	126
Merger-related and restructuring expenses	56	106	330
Goodwill impairment	—	—	2,426
Total non-interest expense	2,076	2,838	4,981
(Loss) income before income taxes	(198)	(1,378)	(50)
Income tax (benefit)/expense	(21)	(260)	29
Net (loss) income	$(177)	$(1,118)	$(79)
Preferred stock dividends	33	35	33
Net (loss) attributable / net income available to common stockholders	$(210)	$(1,153)	$(112)
Basic (loss) earnings per common share	$(0.50)	$(3.49)	$(0.49)
Diluted (loss) earnings per common share	$(0.50)	$(3.49)	$(0.49)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.