Quarterly ResultApr 24, 2026, 06:11 AM
Flagstar Bank Q1 2026 EPS $0.03; C&I Loans Up 9%
AI Summary
Flagstar Bank reported net income attributable to common stockholders of $0.03 per diluted share for Q1 2026, marking its second consecutive quarter of profitability. Adjusted net income was $0.04 per diluted share. The bank saw strong growth in C&I lending, with total C&I loans increasing by $1.4 billion or 9%, alongside a 2% rise in core deposits. Credit quality improved significantly, with non-accrual loans declining 11% and criticized/classified loans down 3%.
Key Highlights
- Net income attributable to common stockholders was $0.03 per diluted share.
- Total C&I loans increased $1.4 billion or 9% compared to prior quarter.
- Core deposits grew $1.1 billion or 2% quarter-over-quarter.
- Non-accrual loans decreased $323 million or 11%.
- CET1 capital ratio improved to 13.24%, up 40 basis points.