FLG Financial Services

Flagstar Bank, National Association

$10.54-1.95%

Price as of close on Nov 3, 2026 · Financials updated Nov 4, 2026

Basics

Sector: Financial Services
Industry: Banks - Regional
Country: United States
Market cap: 4.4B USD
Full-time employees: 5,631

Overall health

Drawback: less profitable than most peersless profitable than peers
About average: valuation

Ranks #514 of 791 banks & insurance companies (bottom 36%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 83% from December 2022 to July 2026.
Flagstar Bank, National Association had 83% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Flagstar Bank, National Association had 83% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
Flagstar Bank, National Association made a profit per share in its latest year after a loss the year before.
Valuation signals disagree. Cheaper than 89% of peers on book value, but only 6% on earnings.
Relative to its book value, Flagstar Bank, National Association looks cheaper than 89% of peers; relative to its earnings, cheaper than only 6%. The valuation score blends the two, so look at which measure fits this business best.
Revenue is falling. Revenue fell 20% in the fiscal year to Dec 2025 vs the year before.
Flagstar Bank, National Association's revenue fell 20% in the fiscal year to Dec 2025 vs the year before.

StockQuotient Score

45/ 100▼ 3 since Oct 27 close

Oct 5 47 → Nov 4 45 (-2)

Valuation

Is the price right?

42/100

Moderate▼ 8 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: ▲ Stronger

Share count down 11.0%

Valuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 50 → 42

Share price +3.9%-5
Company's reported figures updated-2
Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ P/B
▼ Earnings yield

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield182.4%

SEC filings · latest balance sheetReported value40% base weight · Z-score 3.62Sector median: 0.7950 · MAD: 0.2843

Earnings yield1.1%

SEC filings · 12 months to Jun 2026Reported value60% base weight · Z-score -2.69Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield1.6%

Yahoo Finance fallback · SEC cash flow or share count unavailable · trailing 12 months · operating cash flow − capital spendingReported valueInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

89/100

Strong

1/1 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 17.4%

Why

Stronger than most peers on:

▲ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growthUnavailable

Earnings per share turned from a loss to a profit100% base weight · Z-score 3.65Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth11.6%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth-20.2%

Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

5/100

Weak

2/2 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ ROE

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets0.1%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -1.79Sector median: 0.0117 · MAD: 0.0062

Return on equity0.6%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -2.62Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Flagstar Bank, National Association

Is Flagstar Bank, National Association getting weaker?: Its latest SEC filing (Aug 6, 2026) got stronger: share count down 11.0%; debt down 21%. Its overall score is 45/100, down 3 since Oct 28, 2026.
How is Flagstar Bank, National Association valued vs its peers?: Priced about in line with its peers. Valuation scores 42/100 against 950 banks & insurance peers. Book yield 182.4% vs a peer median of 79.5% (stronger than 89% of peers).Book yield 182.4% vs peers 79.5% (stronger than 89% of peers). Earnings yield 1.1% vs a peer median of 7.9% (weaker than 94% of peers).Earnings yield 1.1% vs peers 7.9% (weaker than 94% of peers).
Is Flagstar Bank, National Association growing?: Yes, faster than most of its peers. Growth scores 89/100 against 950 banks & insurance peers.
How profitable is Flagstar Bank, National Association?: Less profitable than most of its peers. Profitability scores 5/100 against 950 banks & insurance peers. Return on assets 0.1% vs a peer median of 1.2% (weaker than 94% of peers).Return on assets 0.1% vs peers 1.2% (weaker than 94% of peers).
How risky is Flagstar Bank, National Association?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Dec 31, 2022 · filed Aug 6, 2026 · compared with the quarter ended Sep 30, 2022

Got stronger

Share count down 11.0%
Debt down 21%

Worth watching: Flagstar Bank, National Association is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	23.0M USD	27.0M USD	+17.4%
Net income (12 months)	628.0M USD	48.0M USD	−92.4%
Debt	13.8B USD	10.9B USD	−20.7%
Cash	1.7B USD	5.2B USD	+204.7%
Shares outstanding	466.1M	415.1M	−11.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Banks - Regional · 119 companies

Valuations in Banks - Regional are within their usual range since 2016.

45% of months since 2016 were valued lower than now.
14% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +29% and earnings +32% (medians): prices and earnings moved broadly together.
Median price-to-book is −61% vs the whole market, against a usual −59%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Net margin	2591.3%	2407.4%	—	—	—	—
Return on assets (ROA)	1.0%	0.7%	-0.1%	-1.1%	-0.2%	▲ 0.9 pts
Return on equity (ROE)	8.5%	7.4%	-0.9%	-13.7%	-2.2%	▲ 12 pts
Debt to equity	2.35×	2.42×	2.54×	1.77×	1.50×	▼ 15%

FLG price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

About average: valuation

Ranks #514 of 791 banks & insurance companies (bottom 36%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 83% from December 2022 to July 2026.

Flagstar Bank, National Association had 83% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Flagstar Bank, National Association had 83% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Earnings turned from a loss to a profit. Profit per share this year after a loss last year.

Flagstar Bank, National Association made a profit per share in its latest year after a loss the year before.

Valuation signals disagree. Cheaper than 89% of peers on book value, but only 6% on earnings.

Relative to its book value, Flagstar Bank, National Association looks cheaper than 89% of peers; relative to its earnings, cheaper than only 6%. The valuation score blends the two, so look at which measure fits this business best.

Revenue is falling. Revenue fell 20% in the fiscal year to Dec 2025 vs the year before.

Flagstar Bank, National Association's revenue fell 20% in the fiscal year to Dec 2025 vs the year before.

Questions investors ask about Flagstar Bank, National Association

Is Flagstar Bank, National Association getting weaker?

Its latest SEC filing (Aug 6, 2026) got stronger: share count down 11.0%; debt down 21%. Its overall score is 45/100, down 3 since Oct 28, 2026.

How is Flagstar Bank, National Association valued vs its peers?

Priced about in line with its peers. Valuation scores 42/100 against 950 banks & insurance peers. Book yield 182.4% vs a peer median of 79.5% (stronger than 89% of peers).Book yield 182.4% vs peers 79.5% (stronger than 89% of peers). Earnings yield 1.1% vs a peer median of 7.9% (weaker than 94% of peers).Earnings yield 1.1% vs peers 7.9% (weaker than 94% of peers).

Is Flagstar Bank, National Association growing?

Yes, faster than most of its peers. Growth scores 89/100 against 950 banks & insurance peers.

How profitable is Flagstar Bank, National Association?

Less profitable than most of its peers. Profitability scores 5/100 against 950 banks & insurance peers. Return on assets 0.1% vs a peer median of 1.2% (weaker than 94% of peers).Return on assets 0.1% vs peers 1.2% (weaker than 94% of peers).

How risky is Flagstar Bank, National Association?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Revenue (12 months)

23.0M USD

27.0M USD

+17.4%

Net income (12 months)

628.0M USD

48.0M USD

−92.4%

Debt

13.8B USD

10.9B USD

−20.7%

Cash

1.7B USD

5.2B USD

+204.7%

Shares outstanding

466.1M

415.1M

−11.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Net margin

2591.3%

2407.4%

—

Return on assets (ROA)

1.0%

0.7%

-0.1%

-1.1%

-0.2%

▲ 0.9 pts

Return on equity (ROE)

8.5%

7.4%

-0.9%

-13.7%

-2.2%

▲ 12 pts

Debt to equity

2.35×

2.42×

2.54×

1.77×

1.50×

▼ 15%