Quarterly ResultMay 7, 2026, 04:36 PM
Flagstar Bank Q1 Net Income $21M; EPS $0.03; Zero Credit Loss Provision
AI Summary
Flagstar Bank reported net income of $21 million, or $0.03 per diluted share, for Q1 2026, a significant improvement from a net loss of $100 million in Q1 2025, though down from $29 million in Q4 2025. The bank recorded zero provision for credit losses, down from $79 million in the prior year. Net interest income increased to $443 million YoY, with net interest margin rising to 2.15%. The company continues its strategic transformation, diversifying its loan portfolio by reducing multi-family and CRE exposure while growing commercial and industrial loans.
Key Highlights
- Net income for Q1 2026 was $21 million, up from a $100 million loss in Q1 2025.
- Diluted EPS for Q1 2026 was $0.03, compared to a loss of $0.26 in Q1 2025.
- Net Interest Income (NII) for Q1 2026 increased to $443 million, up from $410 million in Q1 2025.
- Net Interest Margin (NIM) rose to 2.15% in Q1 2026, up from 1.74% in Q1 2025.
- Provision for credit losses was $0 in Q1 2026, down from $79 million in Q1 2025.
- Total non-interest expense decreased by $66 million YoY to $466 million in Q1 2026.
- Multi-family loan portfolio decreased by $1.1 billion to $27.863 billion QoQ.
- Commercial and industrial (C&I) loan portfolio increased by $1.4 billion to $16.568 billion QoQ.
Price Impact
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