Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%

Low stock price volatility
Vol 12M is 32%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Online Banking & Lending, and AI for Fraud Detection.

Weak multi-year price returns
2Y Excs Rtn is -15%, 3Y Excs Rtn is -137%

Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.98, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 73%

Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 20x

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.8%

Key risks
FLG key risks include [1] significant exposure to troubled New York City rent-regulated real estate loans, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10%
1 Low stock price volatility
Vol 12M is 32%
2 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Online Banking & Lending, and AI for Fraud Detection.
3 Weak multi-year price returns
2Y Excs Rtn is -15%, 3Y Excs Rtn is -137%
4 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.98, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 15%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 73%
6 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 20x
7 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.8%
9 Key risks
FLG key risks include [1] significant exposure to troubled New York City rent-regulated real estate loans, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Flagstar Bank NA (FLG) stock has gained about 5% since 1/31/2026 because of the following key factors:

1. Mixed First Quarter 2026 Financial Performance: Flagstar Bank reported its second consecutive quarter of profitability with GAAP net income attributable to common stockholders of $13 million, or $0.03 per diluted share, and adjusted net income of $20 million, or $0.04 per diluted share, which aligned with analyst expectations. This positive earnings beat was supported by strong commercial and industrial (C&I) loan growth, which increased by $1.4 billion (9% linked-quarter), and a 5% decline in operating expenses. However, revenue of $498 million missed projections by $54.83 million. The company also lowered its adjusted earnings per share (EPS) guidance for 2026 to $0.60-$0.65 due to ongoing net interest income (NII) headwinds. This combination of current profitability, operational efficiency, but a revenue miss and reduced future guidance, balanced investor sentiment and contributed to the stock remaining largely at the same level.

2. Cautious Analyst Consensus and Price Targets: Wall Street analysts maintained a "Hold" consensus rating for Flagstar Bank throughout the period, with a mix of buy and hold recommendations. The average 12-month price target ranged from approximately $15.39 to $15.69. This moderate outlook from analysts, suggesting limited significant upside or downside based on current fundamentals, helped anchor the stock price within a relatively stable range.

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Stock Movement Drivers

Fundamental Drivers

The 4.8% change in FLG stock from 1/31/2026 to 5/24/2026 was primarily driven by a 3.5% change in the company's P/S Multiple.
(LTM values as of)13120265242026Change
Stock Price ($)13.2113.854.8%
Change Contribution By: 
Total Revenues ($ Mil)2,0412,0701.4%
P/S Multiple2.72.83.5%
Shares Outstanding (Mil)416416-0.1%
Cumulative Contribution4.8%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/24/2026
ReturnCorrelation
FLG4.8% 
Market (SPY)8.1%46.7%
Sector (XLF)-2.3%49.6%

Fundamental Drivers

The 21.5% change in FLG stock from 10/31/2025 to 5/24/2026 was primarily driven by a 26.2% change in the company's P/S Multiple.
(LTM values as of)103120255242026Change
Stock Price ($)11.4013.8521.5%
Change Contribution By: 
Total Revenues ($ Mil)2,1452,070-3.5%
P/S Multiple2.22.826.2%
Shares Outstanding (Mil)415416-0.2%
Cumulative Contribution21.5%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/24/2026
ReturnCorrelation
FLG21.5% 
Market (SPY)9.9%40.0%
Sector (XLF)0.0%44.5%

Fundamental Drivers

The 18.7% change in FLG stock from 4/30/2025 to 5/24/2026 was primarily driven by a 48.3% change in the company's P/S Multiple.
(LTM values as of)43020255242026Change
Stock Price ($)11.6713.8518.7%
Change Contribution By: 
Total Revenues ($ Mil)2,5842,070-19.9%
P/S Multiple1.92.848.3%
Shares Outstanding (Mil)416416-0.1%
Cumulative Contribution18.7%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/24/2026
ReturnCorrelation
FLG18.7% 
Market (SPY)36.0%40.6%
Sector (XLF)8.2%47.4%

Fundamental Drivers

The -54.6% change in FLG stock from 4/30/2023 to 5/24/2026 was primarily driven by a -56.9% change in the company's Shares Outstanding (Mil).
(LTM values as of)43020235242026Change
Stock Price ($)30.5113.85-54.6%
Change Contribution By: 
Total Revenues ($ Mil)1,4822,07039.7%
P/S Multiple3.72.8-24.6%
Shares Outstanding (Mil)179416-56.9%
Cumulative Contribution-54.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/24/2026
ReturnCorrelation
FLG-54.6% 
Market (SPY)86.3%28.1%
Sector (XLF)64.4%35.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
FLG Return23%-25%25%-69%35%8%-48%
Peers Return35%-17%2%28%15%4%73%
S&P 500 Return27%-19%24%23%16%9%98%

Monthly Win Rates [3]
FLG Win Rate58%42%50%42%58%60% 
Peers Win Rate70%47%48%62%55%40% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
FLG Max Drawdown-17%-34%-38%-75%-25%-14% 
Peers Max Drawdown-17%-34%-38%-13%-26%-18% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PNC, USB, TFC, FITB, MTB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/22/2026 (YTD)

How Low Can It Go

EventFLGS&P 500
2025 US Tariff Shock
  % Loss-24.5%-18.8%
  % Gain to Breakeven32.5%23.1%
  Time to Breakeven250 days79 days
2024 Yen Carry Trade Unwind
  % Loss-10.2%-7.8%
  % Gain to Breakeven11.3%8.5%
  Time to Breakeven9 days18 days
2023 SVB Regional Banking Crisis
  % Loss-34.2%-6.7%
  % Gain to Breakeven52.0%7.1%
  Time to Breakeven46 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-29.9%-24.5%
  % Gain to Breakeven42.6%32.4%
  Time to Breakeven209 days427 days
2020 COVID-19 Crash
  % Loss-25.8%-33.7%
  % Gain to Breakeven34.7%50.9%
  Time to Breakeven66 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-15.1%-19.2%
  % Gain to Breakeven17.8%23.8%
  Time to Breakeven24 days105 days

Compare to PNC, USB, TFC, FITB, MTB

In The Past

Flagstar Bank NA's stock fell -24.5% during the 2025 US Tariff Shock. Such a loss loss requires a 32.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventFLGS&P 500
2025 US Tariff Shock
  % Loss-24.5%-18.8%
  % Gain to Breakeven32.5%23.1%
  Time to Breakeven250 days79 days
2023 SVB Regional Banking Crisis
  % Loss-34.2%-6.7%
  % Gain to Breakeven52.0%7.1%
  Time to Breakeven46 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-29.9%-24.5%
  % Gain to Breakeven42.6%32.4%
  Time to Breakeven209 days427 days
2020 COVID-19 Crash
  % Loss-25.8%-33.7%
  % Gain to Breakeven34.7%50.9%
  Time to Breakeven66 days140 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-20.8%-12.2%
  % Gain to Breakeven26.2%13.9%
  Time to Breakeven2076 days62 days
2008-2009 Global Financial Crisis
  % Loss-51.7%-53.4%
  % Gain to Breakeven107.2%114.4%
  Time to Breakeven334 days1085 days

Compare to PNC, USB, TFC, FITB, MTB

In The Past

Flagstar Bank NA's stock fell -24.5% during the 2025 US Tariff Shock. Such a loss loss requires a 32.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Flagstar Bank NA (FLG)

Flagstar Financial, Inc. operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit. Its loan products comprise multi-family loans; commercial real estate loans; acquisition, development, and construction loans; commercial and industrial loans; one-to-four family loans; specialty finance loans and leases; warehouse loans; and other loans, such as home equity lines of credit, boat and recreational vehicle indirect lending, point of sale consumer loans, and other consumer loans, including overdraft loans. The company offers cash management products; non-deposit investment and insurance products; and online banking, mobile banking, and bank-by-phone services. It primarily serves individuals, small and mid-size businesses, and professional associations. The company was formerly known as New York Community Bancorp, Inc. and changed its name to Flagstar Financial, Inc. in October 2024. Flagstar Financial, Inc. was founded in 1859 and is headquartered in Hicksville, New York.

AI Analysis | Feedback

Here are 1-2 analogies for Flagstar Bank NA (FLG):

  • It's like a regional U.S. Bank or PNC Financial Services.
  • Think of it as a full-service bank similar to Wells Fargo, but with a particularly strong emphasis on commercial real estate and business lending.

AI Analysis | Feedback

  • Deposit Accounts: Offers various interest-bearing and non-interest-bearing checking, savings, money market, retirement accounts, and certificates of deposit.
  • Commercial Lending: Provides loans for multi-family properties, commercial real estate, acquisition, development, construction, and general commercial and industrial purposes.
  • Residential & Consumer Lending: Offers loans for one-to-four family homes, home equity lines of credit, and other consumer needs like vehicle and point-of-sale financing.
  • Specialty Finance & Warehouse Lending: Delivers specialized financing solutions, including leases and credit lines for particular industries or purposes.
  • Cash Management Services: Provides tools for businesses to efficiently manage their cash flow, payments, and liquidity.
  • Investment & Insurance Products: Offers non-deposit investment and insurance products for wealth management and risk protection.
  • Digital Banking Services: Provides online, mobile, and bank-by-phone platforms for convenient account management and transactions.

AI Analysis | Feedback

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Flagstar Bank NA (FLG) primarily serves the following categories of customers:

  • Individuals
  • Small and mid-size businesses
  • Professional associations
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AI Analysis | Feedback

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Joseph M. Otting, Chairman, President, and CEO

Joseph M. Otting was appointed Chairman, President, and CEO of Flagstar Financial, Inc. in March 2024. He previously served as the Comptroller of the Currency during the first Trump administration. Otting has a history of rehabilitating struggling banks; notably, he and Steven Mnuchin turned around the failed IndyMac Bank, renamed it OneWest Bank, and subsequently sold it to CIT Group. He also oversaw several acquisitions during his tenure at U.S. Bancorp. His involvement in Flagstar Financial included a $1 billion equity injection, alongside Steven Mnuchin, Hudson Bay Capital, and Reverence Capital, to strengthen the company's capital. This demonstrates a pattern of managing and being involved with companies supported by significant investment, including from private equity-like firms.

Lee Smith, Senior Executive Vice President and Chief Financial Officer

Lee Smith became the Senior Executive Vice President and Chief Financial Officer (CFO) of Flagstar Financial, Inc. on December 27, 2024. Before this role, he was the President of Mortgage and had been a member of Flagstar's executive management team for over a decade. Smith initially joined the legacy Flagstar Bancorp, Inc. in 2013 as Chief Operating Officer. His extensive background, spanning more than 25 years, covers accounting, finance, mortgage, private equity, and operations. Prior to his banking career, Smith was a partner at MatlinPatterson Global Advisers, a private investment firm, indicating a strong pattern of involvement with private equity.

Alessandro P. DiNello, Chairman

Alessandro P. DiNello serves as the Chairman of Flagstar Financial, Inc. He has a long history with the company and its predecessors, having joined Security Savings (which later became Flagstar Bank) in 1979. DiNello previously held the positions of President, CEO, and Director of Flagstar Bancorp, Inc. from 2013 to 2022. In February 2024, he was briefly appointed President and CEO of New York Community Bancorp before Joseph Otting assumed the role.

Richard A. Raffetto, Senior Executive Vice President and President of Commercial and Private Banking

Richard A. Raffetto is the Senior Executive Vice President and President of Commercial and Private Banking at Flagstar Bank. He leads the commercial and private banking division and is responsible for enhancing client coverage and advancing the bank's product and commercial capabilities.

Bryan Marx, Chief Accounting Officer

Bryan Marx holds the position of Chief Accounting Officer at Flagstar Bank. He joined Flagstar Bank in October 2013.

AI Analysis | Feedback

Flagstar Bank NA (FLG) faces several key risks inherent to its operations as a financial institution. The most significant risks include its exposure to credit losses, particularly from its concentration in real estate loans, alongside substantial regulatory and operational challenges, including cybersecurity threats, and the inherent sensitivity to interest rate fluctuations. Here are the key risks to Flagstar Bank NA:
  1. Credit Risk and Concentration in Real Estate Loans: A primary risk for Flagstar Bank NA stems from its extensive loan portfolio, particularly its significant concentration in multi-family and commercial real estate loans. There is a risk that borrowers may default on these loans, leading to increased loan losses. As of December 31, 2024, approximately 49.9% of its total loans and leases held for investment consisted of multi-family loans and 12.7% consisted of commercial real estate loans, indicating a substantial exposure to these market segments. The bank's performance is sensitive to real estate market fluctuations, which can impact asset quality and the value of collateral securing loans.
  2. Regulatory and Operational Risks, Including Cybersecurity: As a national bank with assets exceeding $50 billion, Flagstar Bank NA is subject to heightened regulatory standards and scrutiny, leading to significant compliance costs. Lapses in compliance could result in reputational damage, fines, or other sanctions. The bank also faces considerable operational risks due to its reliance on technology, which exposes it to cybersecurity threats that could disrupt customer service and erode trust. The company has faced past cyberattacks, including one in late 2021 that affected 1.5 million individuals, and was fined $3.5 million by the SEC for misleading statements regarding the incident. Subsequent data breaches involving vendors have also been reported.
  3. Interest Rate Risk: Flagstar Bank NA's financial performance is susceptible to changes in interest rates. Fluctuations in rates can impact loan demand, the ability of borrowers to repay loans, and the overall value of the bank's assets and liabilities. Managing the spread between interest earned on assets and interest paid on deposits is crucial for the bank's profitability.

AI Analysis | Feedback

Clear emerging threats for Flagstar Bank NA include:

  1. The increasing prevalence and sophistication of **Fintech companies**. Digital-first neobanks, online lenders specializing in specific loan types (e.g., consumer, small business, real estate), and advanced payment processing platforms offer more streamlined, user-friendly, and often lower-cost alternatives to traditional banking services. These companies leverage technology to attract customers seeking competitive rates, efficient loan processing, and modern digital experiences, potentially eroding Flagstar's deposit base and loan origination volumes across its diverse product offerings.

  2. The growing financial services ambitions of **Big Tech companies**. Giants like Apple, Google, and Amazon are expanding their offerings in payments, consumer lending, and even deposit-like products (often through partnerships). Leveraging their vast user bases, brand loyalty, and technological prowess, these companies can disrupt traditional banking relationships by directly competing for Flagstar's customers and their transaction volumes.

AI Analysis | Feedback

Flagstar Financial, Inc., the bank holding company for Flagstar Bank, N.A., operates in various addressable markets within the United States. While a single comprehensive market size for all its diverse offerings is not available, the addressable markets for its main products and services in the U.S. are substantial:

  • Deposit Products (Checking, Savings, Money Market, Retirement Accounts, CDs): The total deposits for all commercial banks in the United States were approximately USD 18,816 billion as of March 2026.
  • Residential Mortgage Loans (One-to-Four Family Loans): The total single-family mortgage origination volume in the U.S. is expected to be $2.0 trillion in 2025 and projected to increase to $2.2 trillion in 2026.
  • Commercial Real Estate Loans (Multi-Family, Commercial Real Estate, Acquisition, Development, and Construction Loans): Commercial Real Estate Loans held by all commercial banks in the U.S. amounted to USD 3,072.46750 billion in February 2026. Additionally, total commercial real estate mortgage borrowing and lending in the U.S. was estimated at $498 billion in 2024.
  • Commercial and Industrial (C&I) Loans: Loans to the private sector in the United States, which include Commercial and Industrial (C&I) loans, increased to USD 2,743 billion in January 2026.
  • Other Consumer Loans (Home Equity Lines of Credit, Boat and RV Lending, Point-of-Sale Consumer Loans): The overall consumer lending market in the U.S. is a significant market with a size of $27 trillion, encompassing traditional mortgages and loans for consumer goods like cars and appliances.
  • Cash Management Products: The U.S. Cash Management System Market size was valued at USD 20.3 billion in 2024 and is poised to grow to USD 22.99 billion in 2025.
  • Non-Deposit Investment and Insurance Products (Wealth Management): The U.S. wealth management market is characterized as "extraordinarily vast." While a total market size for all assets under management is not precisely quantified, robo-advisors alone manage over $1 trillion in assets as of 2025, with projections to reach nearly $2 trillion in the coming years.
  • Online Banking, Mobile Banking, and Bank-by-Phone Services (Digital Banking): The North American digital banking market size was valued at USD 8.67 billion in 2024 and is anticipated to reach USD 8.92 billion in 2025, with the United States holding an 88.3% share in 2024.

AI Analysis | Feedback

Flagstar Bank NA (symbol: FLG) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives focused on expanding its commercial lending, optimizing its net interest income, and enhancing its market presence and service offerings.

Here are 3-5 expected drivers of future revenue growth:

  1. Commercial & Industrial (C&I) Loan Growth: Flagstar Bank is placing a significant emphasis on expanding its Commercial & Industrial (C&I) loan portfolio. This strategy involves growth in specialized industries and corporate and regional commercial banking. The bank has demonstrated consistent net C&I loan growth and aims to diversify its loan portfolio by increasing C&I lending, with a target to grow this segment significantly over the next three to five years.
  2. Net Interest Income (NII) and Net Interest Margin (NIM) Expansion: Strengthening earning power is expected to be driven by continued growth in net interest income and net interest margin expansion. This will be achieved through disciplined expense management, a focus on reducing funding costs by decreasing reliance on higher-cost brokered deposits, and strategic asset repositioning.
  3. Strategic Market Expansion and Diversification: Flagstar Bank is focused on strategic expansion in high-growth markets, including a strong presence in the greater New York/New Jersey metropolitan region, the upper Midwest, Florida, and the West Coast. This expansion is coupled with a broader strategy to diversify its loan portfolio, reducing concentration in commercial real estate (CRE) loans and increasing exposure to other loan categories like C&I and consumer loans.
  4. Technological Advancements and Enhanced Private Banking Services: Investments in technology and a commitment to private banking services are key to attracting and serving high-net-worth individuals and businesses. These advancements aim to cater to specialized financial needs and offer opportunities to develop new lines of business and competitive products through digital transformation and an emphasis on client-focused solutions.

AI Analysis | Feedback

Share Repurchases

No significant share repurchase programs have been explicitly reported for Flagstar Financial, Inc. (formerly New York Community Bancorp, Inc.) within the last 3-5 years.

Share Issuance

  • In March 2024, New York Community Bancorp, Inc. completed transactions that resulted in approximately $1.05 billion in equity investments from Liberty Strategic Capital, Hudson Bay Capital Management, Reverence Capital Partners, and other investors.
  • This issuance included common stock and non-voting preferred stock, facilitating immediate larger equity investments while complying with banking regulations.
  • A one-for-three reverse stock split was approved by shareholders and became effective in mid-to-late July 2024.

Inbound Investments

  • In March 2024, Flagstar Financial, Inc. (then New York Community Bancorp, Inc.) received an aggregate of approximately $1.05 billion in equity investments from Liberty Strategic Capital, Hudson Bay Capital Management, Reverence Capital Partners, and other investors.

Outbound Investments

  • New York Community Bancorp, Inc. completed a merger with Flagstar Bancorp, Inc. on December 1, 2022.
  • The company acquired substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023.

Capital Expenditures

  • Flagstar Bank, N.A. invested $11.0 million in capital expenditures in Q1 2023, primarily for long-term assets and infrastructure.
  • In the last 12 months (primarily 2025), capital expenditures amounted to -$67.0 million.

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

FLGPNCUSBTFCFITBMTBMedian
NameFlagstar.PNC Fina.U.S. Ban.Truist F.Fifth Th.M&T Bank  
Mkt Price13.85219.2354.8348.3849.48213.1852.16
Mkt Cap5.888.885.260.440.831.850.6
Rev LTM2,07023,78728,87220,5729,4619,72415,148
Op Inc LTM-------
FCF LTM2166,8219,6185,6721,4373,1664,419
FCF 3Y Avg-1,0677,4769,4045,6982,5833,4824,590
CFO LTM2916,8219,6185,6722,1753,3804,526
CFO 3Y Avg-9957,4769,4045,6983,1403,7014,700

Growth & Margins

FLGPNCUSBTFCFITBMTBMedian
NameFlagstar.PNC Fina.U.S. Ban.Truist F.Fifth Th.M&T Bank  
Rev Chg LTM-10.8%12.7%4.7%54.0%13.9%4.5%8.7%
Rev Chg 3Y Avg20.1%2.9%3.9%6.8%3.9%2.8%3.9%
Rev Chg Q1.6%13.0%4.8%5.2%30.3%4.4%5.0%
QoQ Delta Rev Chg LTM0.4%3.1%1.2%1.2%7.3%1.1%1.2%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM14.1%28.7%33.3%27.6%23.0%34.8%28.1%
CFO/Rev 3Y Avg-25.7%34.2%33.6%31.7%36.7%39.0%33.9%
FCF/Rev LTM10.4%28.7%33.3%27.6%15.2%32.6%28.1%
FCF/Rev 3Y Avg-28.4%34.2%33.6%31.7%30.4%36.7%32.7%

Valuation

FLGPNCUSBTFCFITBMTBMedian
NameFlagstar.PNC Fina.U.S. Ban.Truist F.Fifth Th.M&T Bank  
Mkt Cap5.888.885.260.440.831.850.6
P/S2.83.73.02.94.33.33.1
P/Op Inc-------
P/EBIT-------
P/E-102.912.310.910.918.810.910.9
P/CFO19.813.08.910.718.89.411.8
Total Yield-0.7%11.2%12.9%13.5%5.3%12.0%11.6%
Dividend Yield0.3%3.0%3.8%4.4%0.0%2.8%2.9%
FCF Yield 3Y Avg-44.7%10.5%13.1%10.5%9.4%12.6%10.5%
D/E1.90.80.91.10.50.60.8
Net D/E0.70.3-0.70.5-1.2-0.6-0.2

Returns

FLGPNCUSBTFCFITBMTBMedian
NameFlagstar.PNC Fina.U.S. Ban.Truist F.Fifth Th.M&T Bank  
1M Rtn-1.3%-0.3%-1.3%-3.6%-0.4%-0.8%-1.0%
3M Rtn-0.6%-5.2%-5.6%-6.6%-6.9%-7.7%-6.1%
6M Rtn22.2%19.0%17.1%8.6%18.7%14.7%17.9%
12M Rtn17.6%31.9%33.1%28.7%37.8%22.4%30.3%
3Y Rtn-54.0%106.7%106.7%84.9%122.4%94.6%100.6%
1M Excs Rtn-8.6%-7.7%-8.3%-10.0%-7.9%-8.1%-8.2%
3M Excs Rtn-7.0%-9.2%-10.0%-11.7%-10.8%-12.7%-10.4%
6M Excs Rtn14.4%9.1%7.0%-1.9%8.9%6.0%7.9%
12M Excs Rtn-11.7%3.7%5.4%1.4%8.5%-5.8%2.5%
3Y Excs Rtn-137.1%26.6%27.4%15.5%40.8%16.7%21.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment2,5843,6331,4821,3501,161
Total2,5843,6331,4821,3501,161


Price Behavior

Price Behavior
Market Price$13.85 
Market Cap ($ Bil)5.8 
First Trading Date11/23/1993 
Distance from 52W High-6.5% 
   50 Days200 Days
DMA Price$13.63$12.71
DMA Trendupup
Distance from DMA1.6%8.9%
 3M1YR
Volatility27.0%32.2%
Downside Capture130.9578.83
Upside Capture89.8773.29
Correlation (SPY)53.8%37.4%
FLG Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta0.770.780.840.871.011.10
Up Beta0.670.590.691.071.280.94
Down Beta4.131.010.790.961.431.09
Up Capture71%100%103%98%62%81%
Bmk +ve Days15223166141428
Stock +ve Days15233263128366
Down Capture111%62%81%62%81%109%
Bmk -ve Days4183056108321
Stock -ve Days6183058117368

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FLG
FLG16.2%32.0%0.50-
Sector ETF (XLF)4.9%14.5%0.1145.1%
Equity (SPY)29.5%12.0%1.8637.4%
Gold (GLD)35.5%26.8%1.118.5%
Commodities (DBC)42.9%18.7%1.77-9.9%
Real Estate (VNQ)15.2%13.1%0.8244.7%
Bitcoin (BTCUSD)-31.3%41.8%-0.7820.5%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FLG
FLG-14.8%53.5%-0.09-
Sector ETF (XLF)8.4%18.6%0.3341.5%
Equity (SPY)14.0%17.0%0.6434.0%
Gold (GLD)18.8%18.0%0.852.2%
Commodities (DBC)10.4%19.4%0.427.6%
Real Estate (VNQ)3.8%18.8%0.1030.9%
Bitcoin (BTCUSD)11.6%55.3%0.419.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FLG
FLG-6.8%43.7%-0.00-
Sector ETF (XLF)12.9%22.1%0.5347.9%
Equity (SPY)15.7%17.9%0.7537.9%
Gold (GLD)13.0%16.0%0.67-1.5%
Commodities (DBC)7.8%17.9%0.3511.6%
Real Estate (VNQ)5.5%20.7%0.2335.1%
Bitcoin (BTCUSD)66.7%66.9%1.068.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity61.4 Mil
Short Interest: % Change Since 4152026-2.8%
Average Daily Volume5.6 Mil
Days-to-Cover Short Interest11.0 days
Basic Shares Quantity416.1 Mil
Short % of Basic Shares14.7%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/24/2026-2.2%-2.6% 
1/30/2026-2.4%2.7%-4.9%
10/24/20254.8%-3.1%-1.8%
7/25/2025-5.5%-6.3%4.8%
4/25/20254.1%4.5%4.9%
1/30/202515.2%28.0%25.0%
10/25/2024-8.3%-12.0%1.7%
7/25/2024-3.0%-3.8%-4.8%
...
SUMMARY STATS   
# Positive121112
# Negative121311
Median Positive6.5%4.7%13.6%
Median Negative-3.1%-3.6%-6.7%
Max Positive28.3%38.5%25.0%
Max Negative-37.7%-59.5%-53.4%

SEC Filings

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Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202502/27/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/09/202510-Q
12/31/202403/04/202510-K
09/30/202411/08/202410-Q
06/30/202408/09/202410-Q
03/31/202405/10/202410-Q
12/31/202303/14/202410-K
09/30/202311/09/202310-Q
06/30/202308/09/202310-Q
03/31/202305/10/202310-Q
12/31/202203/01/202310-K
09/30/202211/04/202210-Q
06/30/202208/08/202210-Q

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Raffetto, Richard ASEVP Pres of Com & Priv Bnking401(k) PlanBuy206202612.85951,22117,810Form
2Raffetto, Richard ASEVP Pres of Com & Priv Bnking401(k) PlanSell206202612.9345215,671Form