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Discontinued — last reported Q1 '23

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Other financials

Income statement

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Revenue$516.0M+4.0%
Net income$34.0M+149%
EPS (diluted)$0.06+132%

Balance sheet

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Cash & equivalents$5.2B-36.6%
Total debt$23.9B+43.7%
Total equity$8.1B+0.6%
Total assets$87.7B-4.9%

Cash flow

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Operating cash flow$226.0M
Free cash flow$3.0B+1,543%

Valuation

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Market cap$5.96B+20.2%
Enterprise value$24.69B+83.9%
P/S2.9×

Profitability

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Net margin-18.5%-8.5pp
FCF margin97.8%

Returns & leverage

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Return on equity-4.7%-2.2pp
Debt / equity2.9×+0.9×

Where this comes from

Reported directly by Flagstar Bank in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: Flagstar Bank’s 10-Q, filed May 10, 2023.

Filed
May 10, 2023
Fiscal quarter
Q1 FY2023
Calendar quarter
Q1 2023
Accession
0000910073-23-000046
(in millions)For the Three Months Ended March 31, 2023For the Three Months Ended March 31, 2022
Proceeds from bank-owned life insurance, net95
Purchases of loans(61)
Other changes in loans, net(1,301)(960)
(Purchases) dispositions of premises and equipment, net(11)(1)
Cash acquired in business acquisition25,043
Net cash used in investing activities25,105(1,068)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in deposits(7,496)2,895

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Flagstar Bank's capex?
Flagstar Bank (FLG) reported capex of $11M in Q1 2023.
How has Flagstar Bank's capex changed year-over-year?
Flagstar Bank's capex increased by 1000.0% year-over-year, from $1M to $11M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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