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Flagstar Financial (FLG)
NYSE:FLG
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.13Last Year’s EPS
-1.14Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 25, 2025
|% Change Since: 4.35%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
Flagstar Financial reported significant progress in reducing costs and expanding its C&I loan portfolio, with improved financial metrics and strengthened capital and liquidity. However, the bank continues to face challenges with ongoing net losses, the addition of significant non-accrual loans, and high costs associated with broker deposits.Company Guidance
During the Flagstar Financial, Inc. First Quarter 2025 Earnings Conference Call, CEO Joseph Otting provided guidance emphasizing the company's strategic initiatives and financial metrics. The adjusted net loss available to common shareholders was $0.23 per diluted share, compared to the consensus of $0.27. Otting highlighted a significant improvement in the C&I loan portfolio, with commitments of over $1 billion and $769 million in originations, marking a 40% increase from the previous quarter. The C&I pipeline stands at $870 million, more than double the prior quarter. A notable decline in net charge-offs and loan loss provisions, each down by almost 50% quarter-over-quarter, was also reported. CFO Lee Smith discussed their capital and liquidity strengths, including a CET1 capital ratio of approximately 12%. The company aims for a profitable fourth quarter in 2025, focusing on decreasing the cost of funds and expanding the C&I and private banking sectors. Additionally, strategic cost reductions led to $71 million in noninterest expense savings quarter-over-quarter, with a $600 million year-over-year target. The company plans to reduce broker deposits by $3 billion and FHLB advances by $1 billion over the next three quarters.Improved Financial Performance
Flagstar Financial reported an adjusted net loss of $0.23 per diluted share, beating consensus estimates of $0.27, and improving from a $0.40 loss in the fourth quarter.
C&I Loan Growth
Commercial and Industrial (C&I) loan commitments exceeded $1 billion in the quarter with $769 million in originations, up over 40% from the previous quarter. The C&I pipeline stands at $870 million, more than double the figure from the fourth quarter.
Significant Cost Reductions
Noninterest expenses excluding one-time charges declined by $71 million quarter over quarter, with a target to reduce expenses by over $600 million year over year.
Strengthened Capital and Liquidity
The CET1 capital ratio remains strong at around 12%, and liquidity improved with a reduction in brokered deposits and FHLB advances.
CRE Portfolio Management
Net charge-offs and loan loss provisions decreased by almost 50% quarter over quarter, and the CRE portfolio has been actively managed to reduce concentration.
FLG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FLG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 25, 2025 | $11.27 | $11.73 | +4.08% |
Jan 30, 2025 | $9.59 | $11.05 | +15.22% |
Oct 25, 2024 | $11.48 | $10.53 | -8.28% |
Jul 25, 2024 | $10.91 | $10.58 | -3.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Flagstar Financial (FLG) report earnings?
Flagstar Financial (FLG) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Flagstar Financial (FLG) earnings time?
Flagstar Financial (FLG) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLG EPS forecast?
FLG EPS forecast for the fiscal quarter 2025 (Q2) is -0.13.