For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Loans and leases | 3,310 | - | - | - |
| Securities and money market investments | 1,156 | - | - | - |
| Total interest income | 4,466 | - | - | - |
| Interest-bearing checking and money market accounts | 612 | - | - | - |
| Savings accounts | 442 | - | - | - |
| Certificates of deposit | 1,078 | - | - | - |
| Borrowed funds | 613 | - | - | - |
| Total interest expense | 2,745 | - | - | - |
| Net interest income | 1,721 | - | - | - |
| Provision for credit losses | 184 | - | - | - |
| Net interest income after provision for credit loan losses | 1,537 | - | - | - |
| Fee income | 89 | - | - | - |
| Bank-owned life insurance | 49 | - | - | - |
| Net gain on investment securities | 31 | - | - | - |
| Net return on mortgage servicing rights | 0 | - | - | - |
| Net gain on loan sales and securitizations | 32 | - | - | - |
| Net gain on mortgage/servicing sale | 0 | - | - | - |
| Net loan administration income | 6 | - | - | - |
| Bargain purchase gain | 0 | - | - | - |
| Other | 134 | - | - | - |
| Total non-interest income | 341 | - | - | - |
| Compensation and benefits | 976 | - | - | - |
| Occupancy and equipment | 202 | - | - | - |
| Software expense | 173 | - | - | - |
| Fdic insurance | 169 | - | - | - |
| Professional services | 86 | - | - | - |
| General and administrative | 307 | - | - | - |
| Total operating expense | 1,913 | - | - | - |
| Intangible asset amortization | 107 | - | - | - |
| Merger-related and restructuring expenses | 56 | - | - | - |
| Goodwill impairment | 0 | - | - | - |
| Total non-interest expense | 2,076 | - | - | - |
| (loss) income before income taxes | -198 | -1,378 | -50 | - |
| Gross income | - | - | - | 495 |
| Operating expenses | - | - | - | 55 |
| Income before income tax benefit and equity in undistributed earnings of subsidiaries | - | - | - | 440 |
| Income tax benefit | - | - | - | -14 |
| Income before equity in undistributed earnings of subsidiaries | - | - | - | 454 |
| Equity in undistributed earnings of subsidiaries | - | - | - | 196 |
| Income tax (benefit)/expense | -21 | -260 | 29 | - |
| Net (loss) income | -177 | -1,118 | -79 | 650 |
| Change in net unrealized (loss) gain on securities available for sale, net of tax of 223 42 and (16), respectively | - | - | - | -581 |
| Net unrealized gain (loss) on securities available for sale | - | -72 | - | - |
| Net unrealized gain (loss) in pension and post-retirement obligations | - | 6 | - | 17 |
| Net unrealized gain (loss) on cash flow hedges | - | 37 | - | 64 |
| Reclassification adjustment for defined benefit pension plan, net of tax of 0 and , respectively | - | - | - | 2 |
| Reclassification adjustment for net gain on cash flow hedges included in net income, net of tax1 and , respectively | - | - | - | 3 |
| Total other comprehensive (loss) income, net of tax | - | - | - | -535 |
| Total other comprehensive gain (loss), net of tax | - | -41 | - | - |
| Preferred stock dividends | 33 | - | 33 | - |
| Total comprehensive (loss) income, net of tax | - | -1,159 | - | 115 |
| Net (loss) attributable / net income available to common stockholders | -210 | - | -112 | - |
| Basic (loss) earnings per common share (in usd per share) | -0.5 | -3.49 | -0.16 | 1.26 |
| Diluted (loss) earnings per common share (in usd per share) | -0.5 | -3.49 | -0.16 | 1.26 |
| Total shares for diluted earnings per common share compensation (in shares) | 415,327,556 | 330,713,517 | 713,643,550 | 485,134,345 |
| Weighted average common shares outstanding (in shares) | 415,327,556 | 330,713,517 | 713,643,550 | 483,603,395 |
FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG-PA)
FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG-PA)