Flagstar Bank
Flagstar Bank's revenue fell 19.2% to $2.1 billion in fiscal 2025. Net income was −$177 million. Its return on equity was −2.2%, up from −13.5% a year earlier. Its efficiency ratio was 100.7%, down from 111.2% a year earlier. It paid out $15 million in dividends and buybacks. The diluted share count rose 25.6%.
Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.
Charts show fiscal years, from the 10-K filings.
Revenue and returns
Net income and earnings per share
From fiscal 2016 to 2022, earnings per share grew 3.7% a year and net income 4.6% a year, with the share count about the same. Flagstar Bank then lost money in fiscal 2023, 2024 and 2025.
Efficiency and income mix
Payouts and share count
Valuation
Value Flagstar Bank yourself from its earnings. A bank's cash flow is mostly the money it lends and takes in, so the cash flow model on other company pages doesn't suit it.
Price-to-earnings (P/E) method
Another common way to value a company is to multiply its earnings per share by a price-to-earnings (P/E) multiple: the number of years of today's earnings an investor pays for a share. A higher multiple usually means investors expect earnings to grow. Choose a multiple, for example from similar companies, to see the value it gives.
The P/E method needs positive earnings, and Flagstar Bank's latest diluted earnings per share were negative or zero.
Balance sheet
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | 45,539 | 68,608 | 83,627 | 67,071 | 59,702 |
| Deposits | 35,059 | 58,721 | 81,526 | 75,870 | 66,000 |
| Loans to deposits | 129.9% | 116.8% | 102.6% | 88.4% | 90.5% |
| Provision for credit losses | 3 | 133 | 833 | 1,092 | 184 |
| Provision to average loans | 0.0% | 0.2% | 1.1% | 1.4% | 0.3% |
| Total assets | 59,527 | 90,144 | 114,057 | 100,160 | 87,512 |
| Shareholders' equity | 7,044 | 8,824 | 8,367 | 8,167 | 8,143 |
Insider trades
Over the 12 months between October 27, 2025 and October 26, 2026, 1 insider bought $1,221 of Flagstar Bank shares on the open market, and none sold any.
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 4, 2025 | Richard A RaffettoSEVP Pres of Com & Priv Bnking | Bought | 95 | $12.85 | $1,221 | Form 4 |
Compare
Put Flagstar Bank side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.
Similar companies
| Company | Year | Revenue growth | Net margin | Return on equity | Return on tangible equity | Efficiency ratio | Compare |
|---|---|---|---|---|---|---|---|
| Flagstar Bank | FY25 | −19.2% | −8.6% | −2.2% | −2.9% | 100.7% | |
| Pinnacle Financial Partners | FY25 | 18.3% | 31.2% | 9.5% | 12.9% | 56.8% | Compare |
| Valley Bank | FY25 | 9.3% | 29.5% | 7.8% | 10.1% | 56.4% | Compare |
| BOK Financial | FY25 | 6.1% | 26.6% | 10.1% | 12.3% | 65.9% | Compare |
| Frost Bank | FY25 | 8.3% | 29.0% | 15.3% | 15.7% | 63.5% | Compare |
10 years of figures
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | 1,433 | 1,347 | 1,123 | 1,041 | 1,161 | 1,350 | 1,643 | 5,764 | 2,552 | 2,062 |
| Revenue growth | 131.6% | −6.0% | −16.7% | −7.3% | 11.5% | 16.3% | 21.7% | 250.8% | −55.7% | −19.2% |
| Net interest income | 1,287 | 1,130 | 1,031 | 957 | 1,100 | 1,289 | 1,396 | 3,077 | 2,152 | 1,721 |
| Noninterest income | 146 | 217 | 92 | 84 | 61 | 61 | 247 | 2,687 | 400 | 341 |
| Noninterest expense | 652 | 641 | 547 | 511 | 511 | 541 | 684 | 4,981 | 2,838 | 2,076 |
| Provision for credit losses | 4 | 37 | 18 | 7 | 62 | 3 | 133 | 833 | 1,092 | 184 |
| Net income | 495 | 466 | 422 | 395 | 511 | 596 | 650 | −79 | −1,118 | −177 |
| Diluted EPS (US$) | 3.03 | 2.70 | 2.37 | 2.31 | 3.06 | 3.60 | 3.77 | −0.49 | −3.49 | −0.50 |
| Diluted shares (millions) | 162 | 162 | 162 | 155 | 154 | 155 | 162 | 238 | 331 | 415 |
| Payouts | ||||||||||
| Dividends paid | 331 | 332 | 333 | 317 | 316 | 316 | 317 | 486 | 53 | 15 |
| Share buybacks | 9 | 18 | 161 | 67 | 50 | 0 | 7 | 0 | 0 | 0 |
| Balance sheet at fiscal year end | ||||||||||
| Loans, net | 37,224 | 38,230 | 40,006 | 41,746 | 42,690 | 45,539 | 68,608 | 83,627 | 67,071 | 59,702 |
| Deposits | 28,888 | 29,102 | 30,764 | 31,657 | 32,437 | 35,059 | 58,721 | 81,526 | 75,870 | 66,000 |
| Total assets | 48,927 | 49,124 | 51,899 | 53,641 | 56,306 | 59,527 | 90,144 | 114,057 | 100,160 | 87,512 |
| Shareholders' equity | 6,124 | 6,795 | 6,655 | 6,712 | 6,842 | 7,044 | 8,824 | 8,367 | 8,167 | 8,143 |
| Ratios | ||||||||||
| Return on equity | 8.2% | 7.2% | 6.3% | 5.9% | 7.5% | 8.6% | 8.2% | −0.9% | −13.5% | −2.2% |
| Return on tangible common equity | 13.8% | 11.7% | 10.3% | 9.7% | 12.4% | 14.0% | 12.7% | −1.7% | −16.0% | −2.9% |
| Return on assets | 1.0% | 0.9% | 0.8% | 0.8% | 0.9% | 1.0% | 0.9% | −0.1% | −1.0% | −0.2% |
| Efficiency ratio | 45.5% | 47.6% | 48.7% | 49.1% | 44.0% | 40.1% | 41.6% | 86.4% | 111.2% | 100.7% |