Flagstar Financial, Inc. (FLG) Earnings
Flagstar Financial, Inc. is expected to report next earnings on July 24, 2026 (in NaN days), with a consensus EPS estimate of $0.06. FLG has beaten EPS estimates in 5 of its last 12 reported quarters (average surprise +50.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 24, 2026 | $0.03 | $0.04 | +33.3% | $498M | -10.0% |
| Jan 30, 2026 | $0.02 | $0.06 | +200.0% | $523M | -7.1% |
| Oct 24, 2025 | $-0.06 | $-0.07 | -16.7% | $455M | -15.2% |
| Jul 25, 2025 | $-0.12 | $-0.14 | -16.7% | $496M | -10.9% |
| Apr 25, 2025 | $-0.26 | $-0.23 | +11.5% | $490M | -9.7% |
| Jan 30, 2025 | $-0.51 | $-0.34 | +33.3% | $536M | -4.2% |
| Oct 25, 2024 | $-0.40 | $-0.69 | -72.5% | $623M | +1.8% |
| Jul 25, 2024 | $-0.42 | $-1.05 | -150.0% | $671M | -7.2% |
| Mar 31, 2024 | $-0.79 | $-1.33 | -68.7% | $754M | -2.9% |
| Dec 31, 2023 | $0.80 | $-11.23 | -1505.9% | $878M | -5.5% |
| Sep 30, 2023 | $0.99 | $0.86 | -13.5% | $1.0B | +10.6% |
| Jun 30, 2023 | $0.87 | $1.71 | +97.2% | $1.1B | +20.7% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 24, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Disciplined expense management with operating expenses decreasing and expected to continue decreasing. • Diversification of loan portfolio with CNI lending platform growth for three consecutive quarters. • Further reduction in CRE exposure. • Positive credit migration with non-accrual and criticized classified loans decreasing. • Robust CET1 capital ratio of 13.2%. • Fitch and Moody upgraded bank's long-term and short-term deposit ratings to investment grade. • Remediation of previously material weakness in internal controls. • Consolidation of six legacy data centers into two co-location centers with no disruptions. • CNI loans growing with strong pipeline and broad base of growth in various verticals.
Guidance
• Adjusted interest income guidance downward for 2026 and 2027 due to increased CRE and multifamily payoffs, paydowns, and amortization. • Adjusted EPS forecast to be in the 60 to 65 cent range in 2026 and $1.80 to $1.90 range in 2027. • Expect total assets to be approximately $94 billion at the end of 2026 and $102 billion at the end of 2027. • Focus on demonstrating sustainable profitability, continued improvement in non-accrual loans, and flexibility to support loan growth for capital distributions in the second half of the year.
Segment performance
CNI loans grew by $1.4 billion, or 9% on a linked quarter basis. Core deposits excluding brokered grew $1.1 billion. Net interest margin expanded 10 basis points. Operating expenses continued to decrease. Non-accrual loans declined by 11% and criticized and classified loans decreased by 3%. CRE exposure further reduced by $1.6 billion. Adjusted diluted EPS went from 3 cents in the fourth quarter to 4 cents during Q1.
Risks & headwinds
• Impact of more CRE and multifamily payoffs, paydowns, and amortization on short-term interest income and NIM. • Uncertainty in the level of commercial real estate payoffs going forward affecting NII outlook. • Risk of continued changes in deposit costs and growth affecting net interest income. • Potential impact of rent freezes on certain multifamily loan portfolios. • Uncertainty in the execution of core conversion and associated expenses.
Analyst Q&A
Q: Chris McGrady with KBW asked about margin adjustment and capital distribution mile markers.
A: Lee explained about balance sheet and CRE/multifamily book impact on margin, and Joseph talked about consistent earnings, non-performing assets reduction, and CNI portfolio growth as mile markers.
Q: Jared Shaw with Barclays asked about loan yield and margin expansion.
A: Lee discussed asset yield, payoffs impact, C&I growth timing, and net CNI growth run rate.
Q: Manan Gosalia with Morgan Stanley asked about Moody's and Fitch upgrades implications.
A: Joseph and Lee talked about deposit relationship gains and no direct impact on FDIC expenses.
Q: David Chevrini with Jefferies asked about credit quality expectations.
A: David and Lee discussed continued reduction in criticized and classified loans, special mention loans analysis, and charge-off trends.
Q: David Smith with Truist Securities asked about rent freeze impact and C&I banker hiring.
A: David and others talked about rent freeze analysis impact on portfolio and C&I banker hiring progress.
Q: Dave Rochester with Cantor asked about capital employment and C&I banker production.
A: Joseph and Lee discussed capital optionality and C&I banker production progress.
Q: Anthony Elion with JP Morgan asked about fee income drivers.
A: Lee talked about fee income components and drivers.
Q: Matthew Brees with Stevens asked about MPA inflows and NII visibility.
A: Joseph and Lee discussed MPA trends and NII visibility.
Q: Casey with Autonomous asked about balance sheet forecast and deposit growth.
A: Lee discussed balance sheet components and deposit growth outlook.
Q: Bernard Bongazigi with Deutsche Bank asked about deposit pricing and flood advance paydowns.
A: Joseph and Lee talked about deposit pricing and flood advance paydown expectations