For the quarter ending 2025-06-30, FLG made $2,446M in revenue. -$78M in net income. Net profit margin of -3.19%.
| Income Statement | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|
| Certificates of deposit | 287 | 308 | - | 372 |
| Savings accounts | 110 | 111 | - | 110 |
| Borrowed funds | 165 | 168 | - | 324 |
| Interest-bearing checking and money market accounts | 162 | 167 | - | 218 |
| Total interest expense | 724 | 754 | - | 1,024 |
| Loans and leases | 840 | 860 | - | 1,061 |
| Securities and money market investments | 303 | 304 | - | 473 |
| Total interest income | 1,143 | 1,164 | - | 1,534 |
| Net interest income | 419 | 410 | - | 510 |
| Provision for credit losses | 64 | 79 | - | 242 |
| Net interest income after provision for credit loan losses | 355 | 331 | - | 268 |
| Occupancy and equipment | 53 | 55 | - | 59 |
| Compensation and benefits | 237 | 244 | - | 316 |
| General and administrative | 133 | 147 | - | 188 |
| Fdic insurance | 49 | 50 | - | 98 |
| Total operating expense | 472 | 496 | - | 661 |
| Merger-related expenses | 14 | 8 | - | 18 |
| Intangible asset amortization | 27 | 28 | - | 37 |
| Total non-interest expense | 513 | 532 | - | 716 |
| Net return on mortgage servicing rights | 0 | 0 | - | - |
| Net gain on loan sales and securitizations | 6 | 13 | - | 5 |
| Fee income | 22 | 22 | - | 42 |
| Net (loss) on securities | - | - | - | 0 |
| Bank-owned life insurance | 10 | 10 | - | 10 |
| Other | 38 | 31 | - | 30 |
| Net loan administration income | 1 | 4 | - | -8 |
| Net return on mortgage servicing rights | - | - | - | 34 |
| Bargain purchase gain | 0 | 0 | - | 0 |
| Total non-interest income | 77 | 80 | - | 113 |
| (loss) before income taxes | -81 | -121 | - | -335 |
| Income tax (benefit) | -11 | -21 | - | -55 |
| Net (loss) | -70 | -100 | -188 | -280 |
| Net unrealized gain (loss) in pension and post-retirement obligations | - | - | 2 | - |
| Net unrealized gain (loss) on cash flow hedges | - | - | 9 | - |
| Net unrealized gain (loss) on securities available for sale | - | - | -18 | - |
| Total other comprehensive gain (loss), net of tax | - | - | -10 | - |
| Preferred stock dividends | 8 | 8 | - | 9 |
| Total comprehensive (loss) income, net of tax | - | - | -290 | - |
| Net (loss) attributable to common stockholders | -78 | -108 | - | -289 |
| Basic (loss) per common share (in usd per share) | -0.19 | -0.26 | -1.11 | -0.79 |
| Diluted (loss) per common share (in usd per share) | -0.19 | -0.26 | -1.11 | -0.79 |
| Total shares for diluted earnings per common share computation (in shares) | 415,125,228 | 414,824,158 | -1,069,094,258 | 366,637,882 |
| Weighted average common shares outstanding (in shares) | 415,125,228 | 414,824,158 | -1,069,094,258 | 366,637,882 |
FLAGSTAR FINANCIAL, INC. (FLG)
FLAGSTAR FINANCIAL, INC. (FLG)