Q2 2026 Flagstar Bank NA Earnings Call Transcript

Jul 24, 2026 / 12:00 PM GMT

Release Date Price: $13.85 (-5.85%)

Transcript 8-K

Key Points

Positve

Flagstar Bank NA (FLG) reported its third consecutive quarter of profitability, with improved earnings and higher pre-provision net revenue.
The bank announced a $250 million share buyback, signaling confidence in its strategic plan and long-term outlook.
Flagstar Bank NA (FLG) achieved significant growth in its C&I loan portfolio, with $2 billion of net C&I loan growth and record origination volumes.
The bank successfully reduced its commercial real estate (CRE) exposure, with a decrease in CRE concentration and a reduction in criticized classified loans.
Flagstar Bank NA (FLG) demonstrated disciplined expense management, with operating expenses declining by 3% quarter-over-quarter.

Negative

The bank experienced an increase in net charge-offs to $100 million, although half of these were previously reserved for.
Flagstar Bank NA (FLG) adjusted its interest income guidance downward due to increased multifamily and CRE payoffs, impacting short-term interest income and net interest margin (NIM).
Non-accrual loan balances are expected to be slightly higher than previously forecasted, affecting credit quality.
The higher-for-longer interest rate environment is impacting mortgage gain on sale revenues, leading to a reduction in non-interest income.
Despite strong deposit growth, the bank's deposit growth was primarily from interest-bearing deposits, affecting interest income and NIM.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FLG.N - Flagstar Bank NA
Q2 2026 Flagstar Bank NA Earnings Call
Jul 24, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Blackstar Bank Second Quarter 2026 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you'd like to ask a question during this time, simply press star then the number 1 on your telephone keypad. To withdraw your question, press star 1 again.

I would now like to turn the conference over to Sal DiMartino, Director of Investor Relations. Please go ahead.

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Unidentified_2 [2]

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