In Q3 FY2022, Flagstar Bank reported revenue of $5 million, down 16.7% year-over-year. Net income was $21 million, up 121% from the prior year, with diluted EPS of $0.03, a 111.5% increase. Operating income, cash, equity, and long-term debt were not disclosed.
•Revenue of $5 million declined 16.7% YoY.
•Net income surged 121% to $21 million.
•Diluted EPS rose 111.5% to $0.03.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Flagstar Bank, National Association banks products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, and non-interest-bearing accounts, as well as certificates of deposit.
It offers loan products comprising multi-family loans. Its portfolio also includes commercial real estate loans, acquisition, development, and construction loans, commercial and industrial loans, one-to-four family loans, specialty finance loans and leases, warehouse loans, and home equity lines of credit
Other consumer loans, including overdraft loans. The company offers non-deposit investment and insurance products; and online and mobile banking services. It primarily serves individuals, small and mid-size businesses, and professional associations. Founded in 1859, The company was formerly known as Flagstar Financial, Inc. Flagstar Bank, National Association is headquartered in Hicksville, New York.
Flagstar Bank, National Association offers a range of banking products and services across the United States. Its deposit products include interest-bearing checking and money market accounts, savings accounts, non-interest-bearing accounts, and certificates of deposit. On the lending side, the bank provides multi-family loans, commercial real estate loans, acquisition, development, and construction loans, commercial and industrial loans, one-to-four family loans, specialty finance loans and leases, warehouse loans, home equity lines of credit, and other consumer loans such as overdraft loans. Additionally, Flagstar offers non-deposit investment and insurance products, as well as online and mobile banking services. The bank primarily serves individuals, small and mid-size businesses, and professional associations.
Where is Flagstar Bank (FLG) listed and in which currency?
Flagstar Bank, National Association is listed on the New York Stock Exchange (NYSE) under the ticker symbol FLG. The company's financials are reported in US Dollars (USD), reflecting its operations based in the United States. As a regional bank serving American customers, all its deposit and loan products are denominated in USD, and its stock trades in US currency on the NYSE.
What sector and industry does Flagstar Bank (FLG) belong to?
Flagstar Bank, National Association operates in the Financial Services sector and is classified under the Banks - Regional industry. This means it is a regional bank that provides traditional banking services such as deposits and loans to individuals and businesses within specific geographic areas in the United States. As a regional bank, it focuses on serving local communities and mid-sized markets, offering a mix of consumer and commercial banking products.
Where is Flagstar Bank (FLG) headquartered and what markets does it serve?
Flagstar Bank, National Association is headquartered in Hicksville, New York, United States. The bank primarily serves customers across the United States, with a focus on individuals, small and mid-size businesses, and professional associations. Its products and services are tailored to the US market, including deposit accounts, loans, and online banking. The bank's history dates back to 1859, and it was formerly known as Flagstar Financial, Inc. before becoming Flagstar Bank, National Association.
How does Flagstar Bank (FLG) make money?
Flagstar Bank generates revenue primarily through its lending and deposit activities. It earns interest income from a diverse loan portfolio that includes multi-family loans, commercial real estate loans, acquisition, development, and construction loans, commercial and industrial loans, one-to-four family loans, specialty finance loans and leases, warehouse loans, home equity lines of credit, and other consumer loans. Additionally, it earns fee income from non-deposit investment and insurance products, as well as from deposit account services. The bank also benefits from the spread between interest earned on loans and interest paid on deposits, such as checking, savings, money market accounts, and certificates of deposit.