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FLG Home Investment Highlights Valuation, Metrics & Events Price Chart Why The Stock Moved Return vs. Risk About FLG Interactive Breakdown Better Bets vs. FLG Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Trade Sentinel Industry Resource Links External Quote Links

Flagstar Bank NA (FLG)

Market Price (3/14/2026): $12.205 | Market Cap: $5.1 Bil
Sector: Financials | Industry: Regional Banks

Flagstar Bank NA (FLG)

Market Price (3/14/2026): $12.205
Market Cap: $5.1 Bil
Sector: Financials
Industry: Regional Banks

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

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -186%		 Weak multi-year price returns
2Y Excs Rtn is -12%, 3Y Excs Rtn is -119%		 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -20%
1 Low stock price volatility
Vol 12M is 34%		 Meaningful short interest
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%		 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.8%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12%
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. 		  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 -7.2%
0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -186%
1 Low stock price volatility
Vol 12M is 34%
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 -12%, 3Y Excs Rtn is -119%
4 Meaningful short interest
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 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -20%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.8%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12%
7 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 -7.2%

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Flagstar Bank NA (FLG) stock has remained largely at the same level since 11/30/2025 because of the following key factors:

1. Flagstar Bank returned to profitability in the fourth quarter of 2025, reporting net income of $29 million, a significant turnaround from a net loss of $36 million in the third quarter of 2025 and $188 million in the fourth quarter of 2024. Adjusted earnings per share of $0.06 significantly surpassed analyst expectations, which ranged from $0.01 to $0.03 per share.

2. The bank's strategic balance sheet optimization, including a reduction in Commercial Real Estate (CRE) exposure and an increase in Commercial & Industrial (C&I) lending, contributed to investor confidence. CRE loan payoffs amounted to $1.8 billion in Q4 2025, leading to a 25% decline in total CRE balances since the end of 2023, while C&I loan commitments rose 28% to $3.0 billion.

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Stock Movement Drivers

Fundamental Drivers

The -0.2% change in FLG stock from 11/30/2025 to 3/13/2026 was primarily driven by a -1.1% change in the company's P/S Multiple.
(LTM values as of)113020253132026Change
Stock Price ($)12.2212.20-0.2%
Change Contribution By: 
Total Revenues ($ Mil)2,0412,0621.0%
P/S Multiple2.52.5-1.1%
Shares Outstanding (Mil)416416-0.1%
Cumulative Contribution-0.2%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/13/2026
ReturnCorrelation
FLG-0.2% 
Market (SPY)-3.1%28.6%
Sector (XLF)-8.3%39.6%

Fundamental Drivers

The -4.6% change in FLG stock from 8/31/2025 to 3/13/2026 was primarily driven by a -3.9% change in the company's Total Revenues ($ Mil).
(LTM values as of)83120253132026Change
Stock Price ($)12.7912.20-4.6%
Change Contribution By: 
Total Revenues ($ Mil)2,1452,062-3.9%
P/S Multiple2.52.5-0.6%
Shares Outstanding (Mil)415416-0.2%
Cumulative Contribution-4.6%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/13/2026
ReturnCorrelation
FLG-4.6% 
Market (SPY)3.0%37.8%
Sector (XLF)-9.1%49.0%

Fundamental Drivers

The 2.1% change in FLG stock from 2/28/2025 to 3/13/2026 was primarily driven by a 64.3% change in the company's P/S Multiple.
(LTM values as of)22820253132026Change
Stock Price ($)11.9512.202.1%
Change Contribution By: 
Total Revenues ($ Mil)2,9262,062-29.5%
P/S Multiple1.52.564.3%
Shares Outstanding (Mil)367416-11.8%
Cumulative Contribution2.1%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/13/2026
ReturnCorrelation
FLG2.1% 
Market (SPY)12.4%47.9%
Sector (XLF)-5.3%51.7%

Fundamental Drivers

The -51.9% change in FLG stock from 2/28/2023 to 3/13/2026 was primarily driven by a -62.7% change in the company's Shares Outstanding (Mil).
(LTM values as of)22820233132026Change
Stock Price ($)25.3412.20-51.9%
Change Contribution By: 
Total Revenues ($ Mil)1,4042,06246.9%
P/S Multiple2.82.5-12.1%
Shares Outstanding (Mil)155416-62.7%
Cumulative Contribution-51.9%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/13/2026
ReturnCorrelation
FLG-51.9% 
Market (SPY)73.4%28.2%
Sector (XLF)43.1%36.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
FLG Return23%-25%25%-69%35%-2%-53%
Peers Return35%-17%2%28%15%-2%62%
S&P 500 Return27%-19%24%23%16%-1%80%

Monthly Win Rates [3]
FLG Win Rate58%42%50%42%58%33% 
Peers Win Rate70%47%48%62%55%33% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
FLG Max Drawdown-1%-29%-24%-74%-5%-2% 
Peers Max Drawdown-3%-23%-30%-6%-20%-3% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-2% 

[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 3/13/2026 (YTD)

How Low Can It Go

Unique KeyEventFLGS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-54.6%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven120.5%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-34.4%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven52.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven110 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-46.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven85.2%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-61.5%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven159.5%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1,480 days

Compare to PNC, USB, TFC, FITB, MTB

In The Past

Flagstar Bank NA's stock fell -54.6% during the 2022 Inflation Shock from a high on 10/19/2021. A -54.6% loss requires a 120.5% gain to breakeven.

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Asset Allocation

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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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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.

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Latest Trefis Analyses

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Trade Ideas

Select ideas related to FLG.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
NDAQ_2282026_Insider_Buying_45D_2Buy_200K02282026NDAQNasdaqInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days		0.0%0.0%0.0%
JEF_2272026_Dip_Buyer_ValueBuy02272026JEFJefferies FinancialDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		0.0%0.0%0.0%
PAYO_2272026_Dip_Buyer_High_CFO_Margins_ExInd_DE02272026PAYOPayoneer GlobalDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		0.0%0.0%0.0%
FOUR_2272026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG02272026FOURShift4 PaymentsDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap		0.0%0.0%0.0%
COIN_2202026_Dip_Buyer_High_CFO_Margins_ExInd_DE02202026COINCoinbase GlobalDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		2.6%2.6%-6.5%
FLG_2292024_Insider_Buying_45D_2Buy_200K02292024FLGFlagstar Bank NAInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days		-24.5%-16.1%-44.7%

Recent Active Movers

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Research & Analysis

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Wealth Management

Peer Comparisons

Peers to compare with:

Financials

FLGPNCUSBTFCFITBMTBMedian
NameFlagstar.PNC Fina.U.S. Ban.Truist F.Fifth Th.M&T Bank  
Mkt Price12.20201.1351.0043.8343.40196.2647.41
Mkt Cap5.179.079.355.528.830.042.7
Rev LTM2,06223,07728,54020,3198,7919,62214,970
Op Inc LTM-------
FCF LTM-2484,3847,9705,7393,8052,8604,094
FCF 3Y Avg-137,4589,2385,5113,4033,3014,457
CFO LTM-1814,3847,9705,7394,5143,0034,449
CFO 3Y Avg567,4589,2385,5113,9493,5064,730

Growth & Margins

FLGPNCUSBTFCFITBMTBMedian
NameFlagstar.PNC Fina.U.S. Ban.Truist F.Fifth Th.M&T Bank  
Rev Chg LTM-20.2%10.9%4.4%53.0%6.6%4.2%5.5%
Rev Chg 3Y Avg32.0%3.2%5.9%6.5%2.7%6.8%6.2%
Rev Chg Q3.9%9.1%5.1%3.7%8.9%3.2%4.5%
QoQ Delta Rev Chg LTM1.0%2.2%1.3%0.9%2.1%0.8%1.1%
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM-8.8%19.0%27.9%28.2%51.3%31.2%28.1%
CFO/Rev 3Y Avg0.6%34.7%33.1%29.2%46.4%37.0%33.9%
FCF/Rev LTM-12.0%19.0%27.9%28.2%43.3%29.7%28.1%
FCF/Rev 3Y Avg-2.0%34.7%33.1%29.2%40.0%34.8%33.9%

Valuation

FLGPNCUSBTFCFITBMTBMedian
NameFlagstar.PNC Fina.U.S. Ban.Truist F.Fifth Th.M&T Bank  
Mkt Cap5.179.079.355.528.830.042.7
P/S2.53.42.82.73.33.12.9
P/EBIT-------
P/E-28.711.410.510.511.410.510.5
P/CFO-28.018.09.99.76.410.09.8
Total Yield-3.2%12.1%13.5%14.4%8.8%12.5%12.3%
Dividend Yield0.3%3.3%4.0%4.8%0.0%3.0%3.2%
FCF Yield 3Y Avg-0.5%10.6%12.4%10.2%12.5%12.1%11.4%
D/E2.40.70.91.20.50.40.8
Net D/E-1.90.1-0.90.4-1.5-0.9-0.9

Returns

FLGPNCUSBTFCFITBMTBMedian
NameFlagstar.PNC Fina.U.S. Ban.Truist F.Fifth Th.M&T Bank  
1M Rtn-12.5%-14.6%-13.5%-18.9%-20.1%-15.8%-15.2%
3M Rtn-5.1%-3.8%-3.6%-11.3%-9.1%-3.0%-4.4%
6M Rtn-3.6%1.3%5.9%-0.9%-3.1%0.2%-0.4%
12M Rtn6.2%23.5%30.1%16.4%20.0%18.6%19.3%
3Y Rtn-33.9%73.7%56.8%61.8%85.8%70.2%66.0%
1M Excs Rtn-10.2%-12.2%-11.1%-16.5%-17.7%-13.4%-12.8%
3M Excs Rtn-4.7%-0.5%-2.2%-9.1%-6.3%-1.8%-3.5%
6M Excs Rtn-7.1%-2.0%2.7%-4.0%-5.3%-2.2%-3.1%
12M Excs Rtn-16.0%0.9%6.7%-5.7%-4.3%-3.5%-3.9%
3Y Excs Rtn-118.7%-13.5%-40.4%-51.9%-24.2%-15.2%-32.3%

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$12.20 
Market Cap ($ Bil)5.1 
First Trading Date11/23/1993 
Distance from 52W High-14.4% 
   50 Days200 Days
DMA Price$13.16$12.15
DMA Trendupup
Distance from DMA-7.3%0.4%
 3M1YR
Volatility32.4%34.4%
Downside Capture55.9680.65
Upside Capture32.2270.90
Correlation (SPY)27.0%47.1%
FLG Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta1.000.970.791.080.871.21
Up Beta1.192.332.131.910.781.02
Down Beta0.391.110.831.391.141.16
Up Capture111%51%51%59%62%120%
Bmk +ve Days9203170142431
Stock +ve Days9182759127363
Down Capture116%54%32%81%85%110%
Bmk -ve Days12213054109320
Stock -ve Days12233463120373

[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
FLG5.0%34.3%0.19-
Sector ETF (XLF)3.6%19.3%0.0652.5%
Equity (SPY)19.6%18.9%0.8147.1%
Gold (GLD)71.9%26.3%2.050.1%
Commodities (DBC)19.3%17.3%0.8915.6%
Real Estate (VNQ)6.2%16.3%0.1948.6%
Bitcoin (BTCUSD)-15.0%44.2%-0.2424.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with FLG
FLG-17.4%53.6%-0.15-
Sector ETF (XLF)9.3%18.7%0.3841.7%
Equity (SPY)13.1%17.0%0.6133.8%
Gold (GLD)24.1%17.3%1.141.5%
Commodities (DBC)11.2%19.0%0.478.8%
Real Estate (VNQ)4.8%18.8%0.1630.5%
Bitcoin (BTCUSD)6.4%56.7%0.339.1%

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-8.6%43.6%-0.05-
Sector ETF (XLF)12.5%22.2%0.5248.0%
Equity (SPY)14.5%17.9%0.7037.9%
Gold (GLD)14.4%15.6%0.77-2.3%
Commodities (DBC)8.6%17.6%0.4012.7%
Real Estate (VNQ)5.6%20.7%0.2334.9%
Bitcoin (BTCUSD)67.5%66.8%1.078.7%

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

Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity61.9 Mil
Short Interest: % Change Since 21520260.5%
Average Daily Volume6.2 Mil
Days-to-Cover Short Interest10.0 days
Basic Shares Quantity415.8 Mil
Short % of Basic Shares14.9%

Returns Analyses

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
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%
5/1/202428.3%38.5%24.9%
...
SUMMARY STATS   
# Positive131213
# Negative111211
Median Positive8.0%4.6%12.0%
Median Negative-3.1%-3.7%-6.7%
Max Positive28.3%38.5%25.0%
Max Negative-37.7%-59.5%-53.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
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
03/31/202205/09/202210-Q

Insider Activity

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

Industry Resources

External Quote Links


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