Flagstar Bank, National Association (FLG)

The company now

Flagstar Bank reported third-quarter 2026 net income of $12 million on 23 October, down from $34 million in the second quarter 1. Net income attributable to common stockholders was $3 million, or $0.01 per diluted share 1.

Net interest income, the gap between what the Bank earns on loans and securities and what it pays on deposits and borrowings, rose $20 million to $460 million 1. The provision for credit losses, money set aside for loans that may not be repaid, rose $58 million to $76 million 1.

Chief executive Joseph Otting said a higher interest rate environment, deposit competition, persistent inflation and rent regulation of New York City apartment loans pressured credit costs 1. He said the full realization of the Bank's long-term objectives has shifted to 2028 from 2027 1.

Lending is changing shape, the Bank reports 1. Total loans rose $958 million to $61.9 billion, and commercial and industrial loans rose $2.0 billion to $20.6 billion 1. The multi-family and commercial real estate book fell $1.1 billion to $34.1 billion 1.

An open question is New York City's freeze on rents for certain rent-regulated properties, effective October 1, 2026, which the Bank lists among its risks 1.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.