<span item_type="fundamental" item_id="1a982d729f045f568942a7102a6f2cc2" counter_id="ST/US/FLG" env="prod"></span><span item_type="announcement" item_id="620862311222154625" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 4.807 B.</p><p>EPS: As of FY2025, the actual value is USD -0.5, beating the estimate of USD -0.5277.</p><p>EBIT: As of FY2025, the actual value is USD -1.735 B.</p><p></p><p>Flagstar Bank, National Association operates as a single reportable segment, focusing on a strategic transformation plan to become a fully diversified bank with a strong balance sheet, robust capital position, and consistent earnings power.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Net Income</h4><p>For the year ended December 31, 2025, Flagstar Bank, National Association reported a net loss of - $177 million, which was an improvement from the - $1.1 billion net loss in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> The net loss attributable to common stockholders for 2025 was - $210 million, or - $0.50 per diluted share, compared to - $1.2 billion, or - $3.49 per diluted share, in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Net Interest Income (NII) and Net Interest Margin (NIM)</h4><p>Net interest income for the year ended December 31, 2025, decreased by - $431 million compared to 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> The net interest margin decreased by 6 basis points in 2025 to 1.89%, from 1.95% in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> The average yield on total interest-earning assets was 4.91% in 2025, down from 5.38% in 2024, while the average cost of total interest-bearing liabilities was 3.80% in 2025, down from 4.40% in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Provision for Credit Losses</h4><p>The provision for credit losses decreased by - $908 million, or -83%, to $184 million in 2025 from $1,092 million in 2024, primarily due to credit trend normalization and stabilized Allowance for Credit Losses (ACL).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Non-Interest Income</h4><p>Total non-interest income decreased by - $59 million, or -15%, to $341 million in 2025 compared to $400 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> This decrease was mainly due to the non-recurrence of a $92 million gain on the sale of Mortgage Operations in 2024, lower net return on mortgage servicing rights, reduced fee income, and lower net gain on loan sales and securitizations.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> These declines were partially offset by the non-recurrence of a - $121 million reduction in the Signature Transaction bargain purchase gain in 2024, - $23 million in selling costs from the mortgage warehouse business sale in 2024, and a $30 million gain on investment in Figure Technology Solutions, Inc. in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Non-Interest Expense</h4><p>Total non-interest expenses decreased by - $762 million, or -27%, to $2,076 million in 2025 from $2,838 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> This was primarily driven by lower compensation and benefits costs (- $287 million), a decrease in general and administrative expenses (- $206 million), and reduced FDIC insurance costs (- $144 million).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Income Tax Expense</h4><p>The income tax benefit for 2025 decreased by - $239 million compared to 2024, resulting in a benefit of - $21 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> The effective tax rate was 10.6% in 2025, compared to 18.9% in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Loans and Leases</h4><p>Total loans and leases held for investment decreased by - $7.5 billion to $60.7 billion at December 31, 2025, from $68.3 billion at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> This reduction aligns with the strategy to diversify the loan portfolio.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> <strong>Multi-family loans:</strong> Decreased by - $5.1 billion to $29.0 billion at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> <strong>Commercial Real Estate (CRE) loans:</strong> Decreased by - $2.5 billion to $9.3 billion at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> <strong>Commercial and Industrial (C&amp;I) loans:</strong> Decreased by - $159 million to $15.2 billion at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> <strong>One-to-Four Family loans:</strong> Increased by $429 million to $5.6 billion at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> <strong>Loans Held for Sale:</strong> Decreased by - $634 million to $265 million at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Allowance for Credit Losses (ACL)</h4><p>The ACL on loans and leases decreased by - $171 million to $1,030 million at December 31, 2025, from $1,201 million at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Non-Accrual Loans</h4><p>Total non-accrual loans increased by $360 million to $2,975 million at December 31, 2025, compared to $2,615 million at December 31, 2024, primarily due to a $566 million classification of multi-family loans as non-accrual during Q1 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Delinquencies</h4><p>Loans 30 to 89 days past due totaled $986 million at December 31, 2025, a slight increase of $21 million from $965 million at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Net Charge-offs</h4><p>Net charge-offs decreased to $351 million in 2025 (0.55% of average loans) from $892 million in 2024 (1.16% of average loans).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Securities</h4><p>Debt securities available-for-sale increased by $5.3 billion to $15.7 billion at December 31, 2025, from $10.4 billion at December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> The estimated weighted average life of these securities was 5 years in 2025, down from 6 years in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Deposits</h4><p>Total deposits decreased by - $9.9 billion to $66.0 billion at December 31, 2025, from $75.9 billion at December 31, 2024, primarily due to the payoff of brokered certificates of deposit and a reduction in custodial deposits.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Borrowed Funds</h4><p>Total borrowed funds decreased by - $2.2 billion to $12.2 billion at December 31, 2025, from $14.4 billion at December 31, 2024, largely due to FHLB advance repayments.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> These actions reduced the weighted-average interest rate on total borrowings from 4.88% to 4.33% at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Regulatory Capital</h4><p>As of December 31, 2025, Flagstar Bank, National Association’s capital measures exceeded minimum federal requirements, with a Common Equity Tier 1 ratio of 12.83%, Tier 1 capital ratio of 13.66%, Total risk-based capital ratio of 16.23%, and Leverage Capital ratio of 9.22%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> The Bank was categorized as “Well Capitalized” at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p><h4>Outlook / Guidance</h4><p>Flagstar Bank, National Association is executing a strategic transformation to become a diversified bank with a strong balance sheet, robust capital, and consistent earnings power.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> Measurable progress has been made, including reducing non-core assets, improving funding mix, enhancing liquidity, and achieving profitability in the last quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span> Continued successful execution is expected to drive sustainable earnings and long-term shareholder value.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/910073/000091007326000025/fbc-20251231.htm"></span></p>

Flagstar Financial | 10-K: FY2025 Revenue: USD 4.807 B