FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	4.3B	4.7B	6.4B	6.0B	2.2B
Cost of Revenue	2.3B	2.9B	4.9B	3.2B	829.0M
Gross Profit	2.0B	1.8B	1.5B	2.8B	1.3B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	1.0B	1.2B	2.4B	1.9B	512.0M
General & Admin Expense	1.0B	1.2B	2.4B	1.9B	512.0M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	825.0M	786.0M	484.0M	951.0M	11.0M
Total Operating Expenses	1.9B	2.0B	2.9B	2.9B	523.0M
Cost and Expenses	4.2B	4.9B	7.8B	6.1B	1.4B
Operating Income (EBIT)	115.0M	(198.0M)	(1.4B)	(50.0M)	826.0M
Non-Operating
Interest Income	4.0B	4.5B	6.0B	5.5B	2.1B
Interest Expense	2.2B	2.7B	3.8B	2.4B	696.0M
Net Interest Income	1.8B	1.7B	2.2B	3.1B	1.4B
Other Non-Op Income/Expense	—	—	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	115.0M	(198.0M)	(1.4B)	(50.0M)	826.0M
Income Tax Expense	19.0M	(21.0M)	(260.0M)	29.0M	176.0M
Bottom Line
Net Income	96.0M	(177.0M)	(1.1B)	(79.0M)	650.0M
Earnings from Cont. Ops	96.0M	(177.0M)	(1.1B)	(79.0M)	650.0M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	63.0M	(210.0M)	(1.2B)	(117.0M)	609.0M
Per Share
Basic EPS	$0.15	($0.51)	($3.49)	($0.49)	$3.78
Diluted EPS	$0.14	($0.51)	($3.49)	($0.49)	$3.77
Revenue Per Share	$10.42	$11.30	$19.93	$25.42	$13.51
Shares
Basic Shares Outstanding	411.4M	415.3M	320.3M	237.9M	161.2M
Diluted Shares Outstanding	466.0M	415.3M	330.7M	237.9M	161.7M
Profitability Metrics
EBITDA	253.0M	(50.0M)	(1.2B)	115.0M	849.0M
D&A	138.0M	148.0M	184.0M	165.0M	23.0M
EBIT	115.0M	(198.0M)	(1.4B)	(50.0M)	826.0M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026