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Flagstar Bank FLG Provision for Credit Losses

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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
CapEx$11.0M+1,000%
Free cash flow$3.0B+1,543%

Valuation

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Market cap$5.9B+19.0%
Enterprise value$24.63B+83.5%
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:FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal.

The source filing: Flagstar Bank’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000910073-26-000068
Three Months Ended June 30, 2026Multi- FamilyCommercial Real EstateOne-to-Four Family First MortgageCommercial and IndustrialOtherTotal
Balance, beginning of period$509$189$33$161$62$954
Charge-offs(81)(13)(1)(18)(7)(120)
Recoveries1125220
Provision for (recovery of) credit losses on loans and leases10(35)329815
Balance, end of period$439$153$35$177$65$869
Three Months Ended June 30, 2025
Balance, beginning of period$609$289$37$166$67$1,168
Charge-offs(105)(20)(1)(7)(7)(140)

Item 1. Condensed Consolidated Financial Statements

FAQ

What is Flagstar Bank's provision for credit losses?
Flagstar Bank (FLG) reported provision for credit losses of $15M in Q2 2026.
How has Flagstar Bank's provision for credit losses changed year-over-year?
Flagstar Bank's provision for credit losses decreased by 72.7% year-over-year, from $55M to $15M.
What is the long-term trend for Flagstar Bank's provision for credit losses?
Over 3 years (2021 to 2024), Flagstar Bank's provision for credit losses has grown at a 614.2% compound annual growth rate (CAGR), from $3M to $1.09B.
What does provision for credit losses mean?
Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

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