Short answer
FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $4.5B (−25.0% year over year) and net income of −$177M.
- Top risk flagged: Regulatory risk from New York Housing Stability and Tenant Protection Act of 2019 impacting $13.9B (88%) of NY multi-family loans subject to rent regulation
FY2025 key financial metrics · XBRL
- Revenue
- $4.5B
- −25.0% YoY
- Net income
- −$177M
- +84.2% YoY
- EPS (diluted)
- −$0.50
- +85.7% YoY
- ROE
- -2.2%
- +11.5 pp YoY
- Operating cash flow
- −$181M
- −310.5% YoY
Source: XBRL data from the FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG) FY2025 10-K on SEC EDGAR. USD.
FLAGSTAR BANK, NATIONAL ASSOCIATION FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: National banking with $87.5B assets, $61.0B loans, $66.0B deposits, focused on retail, private banking, multi-family and commercial real estate loans
- New structural shift: October 2025 reorganization eliminating holding company; Flagstar Bank became top-level public entity, no longer FRB-regulated holding company
- Strategic position: Maintained regulatory capital ratios well above Basel III "well capitalized" minimums, e.g., 12.83% Common Equity Tier 1 vs 7% required
- Workforce metric: 5,631 employees as of Dec 31, 2025, with emphasis on inclusive recruitment and employee resource groups
- Noteworthy fact: Regulatory oversight shift from Federal Reserve Board to OCC filing responsibility post-reorganization, continuing voluntary SEC filings
Management Discussion & Analysis
- No revenue or net income figures stated; focus on allowance for credit losses (ACL) $1.0B as of Dec 31, 2025
- No operating margin or profitability % disclosed; emphasis on complex ACL estimation models and assumptions
- Key portfolio segments: one-to-four family first mortgage, multi-family, commercial & industrial, specialty finance, commercial real estate
- No cash flow, buybacks, dividends, or capex numbers detailed in this section
- Forward-looking risk: ACL dependent on multiple economic forecasts, model assumptions, collateral valuations, and potential credit loss trends
Risk Factors
- Regulatory risk from New York Housing Stability and Tenant Protection Act of 2019 impacting $13.9B (88%) of NY multi-family loans subject to rent regulation
- Macroeconomic exposure to NYC metro area economy where majority of multi-family and CRE collateral worth $38.3B is located
- Operational risk from reliance on analytical models for CECL credit loss allowance of $1.1B, subject to volatility and forecast inaccuracies
- Competitive risk from interest rate policy shifts by Federal Reserve potentially reducing net interest income and increasing loan repricing risk in multi-family and CRE portfolios
- Financial risk of deposit funding concentration with 20% uninsured deposits, risking liquidity under stress and potentially higher wholesale funding costs
Generated from the filing text; verify against the original. How to read a 10-K
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