FLAGSTAR BANK, NATIONAL ASSOCIATION
FLGNYSEFinancials · Savings Institutions, Not Federally Chartered · SEC filings ↗ · Compare ⊕
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SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | $27.0M | $23.0M | $22.0M |
| Operating income | — | — | — | — | — | — |
| Net income | −$177.0M | −$1.12B | −$79.0M | $650.0M | $596.0M | $511.1M |
| Total assets | $87.51B | $100.16B | $114.06B | $90.14B | $59.53B | $56.31B |
| Total liabilities | $79.37B | $91.99B | $105.69B | $81.32B | $52.48B | $49.46B |
| Equity | $8.14B | $8.17B | $8.37B | $8.82B | $7.04B | $6.84B |
| EPS (diluted) | $-0.50 | $-3.49 | $-0.49 | $1.26 | $1.20 | $1.02 |
| Shares out. | 414.7M | 797.9M | 682.9M | 467.0M | 465.7M | 467.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- −2.2%
- Return on assets
- −0.2%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 90.7%
- Debt / equity
- 9.75×
- Book value / share
- $19.63
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- 0.0%clean
- Piotroski F-Score
- 3/6weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 2 warning● 1 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 4, 2025
- NT 10-Kmissed a reporting deadline ↗Feb 29, 2024
- NT 10-Kmissed a reporting deadline ↗Mar 2, 2018
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Group IncPassive (13G)Mar 26, 2026
- Rcp Genpar Holdco LlcPassive (13G)Jan 30, 2026
- Liberty 77 Capital L.P.Activist (13D)Oct 21, 2025
- Hudson Bay Capital Management LpPassive (13G)May 14, 2025
- State Street CorpPassive (13G)May 13, 2025
- Blackrock, Inc.Passive (13G)Apr 17, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Otting Joseph MOfficer — Exec Chairman and CEO | May 18, 2026 | Grant | 749,625 | $0.00 |
| Miller Eli HDirector | Apr 1, 2026 | Grant | 7,326 | $0.00 |
| Davis Reginald EOfficer — SEVP & Pres Consumer Banking | Mar 24, 2026 | Tax withholding | 923 | $0.00 |
| Smith Lee MatthewOfficer — SEVP & Chief Financial Officer | Mar 24, 2026 | Tax withholding | 2,131 | $0.00 |
| Marx BryanOfficer — EVP & Princ Accounting Officer | Mar 15, 2026 | Grant | 24,590 | $0.00 |
| Buchanan GeorgeOfficer — EVP and Chief Risk Officer | Mar 15, 2026 | Grant | 61,475 | $0.00 |
| Bao NguyenOfficer — SEVP, GC & Chf of Staff to CEO | Mar 15, 2026 | Grant | 122,951 | $0.00 |
| Gagnon KrisOfficer — Sr EVP & Chief Credit Officer | Mar 15, 2026 | Tax withholding | 6,051 | $0.00 |
| Raffetto Richard AOfficer — SEVP Pres of Com & Priv Bnking | Mar 15, 2026 | Grant | 245,902 | $0.00 |
| Smith Lee MatthewOfficer — SEVP & Chief Financial Officer | Mar 15, 2026 | Grant | 245,902 | $0.00 |
| Otting Joseph MOfficer — Exec Chairman, President & CEO | Mar 15, 2026 | Grant | 81,967 | $0.00 |
| Raffetto Richard AOfficer — SEVP Pres of Com & Priv Bnking | Mar 4, 2025 | I | 570 | $11.85 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 60.3M | 15.0 | -1.6% |
| Apr 30, 2026 | 61.4M | 11.0 | -2.8% |
| Apr 15, 2026 | 63.1M | 15.5 | -0.0% |
| Mar 31, 2026 | 63.1M | 11.1 | +0.5% |
| Mar 13, 2026 | 62.8M | 12.9 | +1.5% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Director / officer change · Other material eventMay 18, 2026
- Results of operations · Regulation FD disclosureApr 24, 2026
- Director / officer changeMar 27, 2026
- Regulation FD disclosureFeb 27, 2026
- Regulation FD disclosureJan 30, 2026
- Results of operationsJan 30, 2026
- Director / officer changeNov 3, 2025
- Regulation FD disclosureOct 24, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.