Short answer
FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.1B (down 28.2% year over year) with net income of −$36M.
Q3 2025 key financials · XBRL
- Revenue
- $1.1B
- −28.2% YoY · −52.3% QoQ
- Net income
- −$36M
- +87.1% YoY · +78.8% QoQ
- EPS (diluted)
- −$0.11
- +83.8% YoY · +75.6% QoQ
Source: XBRL data from the FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG) Q3 2025 10-Q on SEC EDGAR. USD.
FLAGSTAR BANK, NATIONAL ASSOCIATION Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Material weaknesses in internal controls over financial reporting related to risk assessment, monitoring, and control activities acknowledged by management
- Remediation actions include appointing Chief Risk Officer, Chief Credit Officer, and Senior Director of Credit Review with commercial bank experience
- Enhanced Independent Credit Review scope, staffing, expertise; increased portfolio credit review coverage to 700 borrowers representing $21.9B loans over 9 months
- Increased Board oversight via more frequent Audit and Risk Assessment Committee meetings and joint sessions discussing ACL methodology
- No changes materially affecting internal controls during quarter; remediation efforts ongoing, aiming for sustainability and validation testing completion
Risk Factors
- No new or changed risk factors since 2024 10-K for Flagstar Bank through Q2 2025
- Continued exposure to credit risk from mortgage loan portfolio performance under changing economic conditions
- Regulatory compliance risk related to evolving banking regulations and oversight by federal agencies
- Operational risk includes potential technology disruptions affecting mortgage servicing and payment processing
- Liquidity risk due to concentration in certain funding sources and sensitivity to interest rate fluctuations
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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