Flagstar Bank Authorizes $250M Share Buyback; Q2 EPS $0.06
Flagstar Bank reported its second quarter 2026 financial results, with net income attributable to common stockholders of $0.06 per diluted share, marking its third consecutive quarter of profitability. The bank's Board of Directors also authorized a common stock repurchase program of up to $250 million over the next 12 months, reflecting its strong capital position. The quarter saw significant growth in C&I loans and total deposits, alongside a reduction in operating expenses, though non-accrual loans and net charge-offs increased.
Key Highlights
- Board authorized a common stock repurchase program of up to $250 million over the next 12-month period.
- Net income attributable to common stockholders was $0.06 per diluted share for Q2 2026, up from $0.03 in Q1 2026.
- Adjusted net income attributable to common stockholders was $0.05 per diluted share for Q2 2026.
- Pre-provision net revenue (PPNR) increased $34 million to $66 million in Q2 2026.
- Total deposits increased $0.7 billion or 1% to $67.5 billion in Q2 2026.
- Total C&I loans increased $2.0 billion or 12% to $18.6 billion in Q2 2026.
- Operating expenses decreased 3% to $427 million in Q2 2026, driving positive operating leverage of 7%.
- CET1 capital ratio stood at 13.16% at the end of Q2 2026.
Price Impact
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