FLG Home Investment Highlights Valuation & Metrics Price Chart Why The Stock Moved Return vs. Risk About FLG Interactive Breakdown Better Bets vs. FLG Peer Outperformance Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Clinical Pipeline Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Forward Guidance Insider Activity Investor Activity (13F) Trade Sentinel Investor Videos Industry Resource Links External Quote Links

    Flagstar Bank NA (FLG)

    Market Price (10/26/2026): $10.42 | Market Cap: $4.3 BilSector: Financials | Industry: Regional Banks

    Flagstar Bank NA (FLG)

    Market Price (10/26/2026): $10.42
    Market Cap: $4.3 Bil
    Sector: Financials
    Industry: Regional Banks

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

    0

    Valuation becoming less expensive
    P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -31%

    Low stock price volatility
    Vol 12M is 29%

    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 -44%, 3Y Excs Rtn is -143%

    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 11%

    Debt is significant
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 135%

    Expensive valuation multiples
    P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 27x, P/EPrice/Earnings or Price/(Net Income) is 90x

    Weak revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.0%

    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 -4.0%

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

    0 Valuation becoming less expensive
    P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -31%
    1 Low stock price volatility
    Vol 12M is 29%
    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 -44%, 3Y Excs Rtn is -143%
    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 11%
    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 135%
    6 Expensive valuation multiples
    P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 27x, P/EPrice/Earnings or Price/(Net Income) is 90x
    7 Weak revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.6%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.0%
    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 -4.0%
    9 Key risks
    FLG key risks include [1] significant exposure to troubled New York City rent-regulated real estate loans, Show more.

    FLG in ETFs

    Weight = FLG's share of each fund

    VTI0.00%
    ITOT0.00%
    IWM0.12%
    IJH0.10%
    VB0.04%
    KRE0.96%
    MDYV0.20%
    IJJ0.18%
    +12 more covered ETFs

    Valuation & Metrics

    FYE: 12/31FLG [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$2.1 Bil—
    FY 2026 Sales$2.1 Bil—
    FY 2027 Sales$2.6 Bil—
    FY 2026 Sales Growth2.1%—
    FY 2027 Sales Growth23.7%13.1%
    EARNINGS
    LTM Net Income (GAAP) [3]$48.0 Mil—
    FY 2026 Net Income (Non-GAAP)$108.6 Mil—
    FY 2027 Net Income (Non-GAAP)$440.8 Mil—
    FY 2027 Net Income Growth305.8%19.3%
    FY 2026 EPS (Non-GAAP)$0.25—
    FY 2027 EPS (Non-GAAP)$1.08—
    FY 2027 EPS Growth329.5%—
    VALUATION
    FY 2026 P/S2.01.7
    FY 2027 P/S1.6—
    FY 2026 P/E39.88.0
    FY 2027 P/E9.8—

    [1] FLG forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 10/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    FLGS&P 500
    REVENUE GROWTHVERY POOR
    Rev LTM ($ Bil)2.1
    Rev Chg Q4.0%9.1%
    Rev Chg LTM-2.6%8.4%
    Rev Chg 3Y Avg-1.0%6.0%
    PROFITABILITYVERY POOR
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.2
    Net Inc LTM ($ Bil)0.0
    CFO/Rev LTM7.8%21.8%
    Net Inc Mgn2.3%13.3%
    VALUATIONVERY HIGH
    P/S2.13.2
    P/CFO26.815.3
    P/FCF63.919.9
    P/E90.522.9

    AI Analysis | Feedback

    MetricValueDateSource
    Number of Employees699312312024Link
    Number of Locationsapproximately 3409302025Link
    Number of States of Operation99302025Link
    Number of Private Banking Teams13411062025Link
    Wholesale Mortgage Networkapproximately 3,000 third-party mortgage originators6302023Link

    Price Chart

    Recent
    10/23/2026Earnings ReleaseRev: $530 Mil (A) vs. $545 Mil (E)
    EPS: 0.01 (A) vs. $0.07 (E)
    Upcoming
    1/29/2027Earnings ReleaseRev: $576 Mil (E)
    EPS: $0.12 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 10/23/2026

    Flagstar Bank NA (FLG) stock has lost about 30% since 6/30/2026 because of the following key factors:

    1. Flagstar Bank N.A. (FLG) significantly missed analysts' expectations for fiscal Q3 2026 earnings. The company reported net income attributable to common stockholders of $0.01 per diluted share for the quarter, an 85.9% miss compared to the consensus estimate of $0.07 per share. Additionally, revenue for fiscal Q3 2026 reached $530 million, falling short of analysts' consensus estimates of $545 million. This substantial earnings miss triggered a sharp stock decline, with shares falling over 9% on October 23, 2026, and an additional 9.08% on October 24, 2026.

    2. A substantial increase in credit-loss provisions negatively impacted profitability. Flagstar Bank N.A. reported a significant rise in credit-loss provisions to $76 million in fiscal Q3 2026, a substantial increase from $18 million in fiscal Q2 2026. This considerable increase indicates a more cautious outlook on loan quality and potential future losses, directly contributing to the erosion of the bank's net income.

    Show more
    Updated on 10/23/2026

    Flagstar Bank NA (FLG) stock has lost about 30% since 6/30/2026 because of the following key factors:

    1. Flagstar Bank N.A. (FLG) significantly missed analysts' expectations for fiscal Q3 2026 earnings. The company reported net income attributable to common stockholders of $0.01 per diluted share for the quarter, an 85.9% miss compared to the consensus estimate of $0.07 per share. Additionally, revenue for fiscal Q3 2026 reached $530 million, falling short of analysts' consensus estimates of $545 million. This substantial earnings miss triggered a sharp stock decline, with shares falling over 9% on October 23, 2026, and an additional 9.08% on October 24, 2026.

    2. A substantial increase in credit-loss provisions negatively impacted profitability. Flagstar Bank N.A. reported a significant rise in credit-loss provisions to $76 million in fiscal Q3 2026, a substantial increase from $18 million in fiscal Q2 2026. This considerable increase indicates a more cautious outlook on loan quality and potential future losses, directly contributing to the erosion of the bank's net income.

    3. Macroeconomic headwinds and a weakened outlook for the regional banking sector contributed to investor pessimism. Analysts, including BofA, noted that Flagstar Bank N.A. is facing stronger macroeconomic headwinds than many of its peers and anticipate that the broader U.S. regional banking sector will continue to "languish" under these pressures. Management had previously lowered guidance for 2026 and 2027 earnings and margins, with the revised outlook reflecting weaker loan growth and a lower 2026 Net Interest Margin (NIM) estimate of 2.27%. The reported NIM for fiscal Q3 2026 was 2.2%.

    4. The stock was considered significantly overvalued, making it vulnerable to negative news. As of October 23, 2026, Flagstar Bank N.A. (FLG) was trading at $10.38, which was approximately 60.9% above its GF Value™ estimate of $6.45. This significant overvaluation, coupled with the company's reported financial vulnerabilities, including unprofitability and negative cash flow, increased the stock's susceptibility to corrections following adverse news such as the Q3 2026 earnings miss.

    Show less
    Holding a concentrated position? Know your true downside before the momentum shifts.
    Protect Your Wealth →

    Stock Movement Drivers

    Fundamental Drivers

    The -30.5% change in FLG stock from 6/30/2026 to 10/24/2026 was primarily driven by a -31.0% change in the company's P/S Multiple.
    (LTM values as of)630202610242026Change
    Stock Price ($)14.9310.38-30.5%
    Change Contribution By: 
    Total Revenues ($ Mil)2,0702,0901.0%
    P/S Multiple3.02.1-31.0%
    Shares Outstanding (Mil)416417-0.2%
    Cumulative Contribution-30.5%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    6/30/2026 to 10/24/2026
    ReturnCorrelation
    FLG-30.5% 
    Market (SPY)1.8%27.8%
    Sector (XLF)4.3%39.7%

    Fundamental Drivers

    The -21.1% change in FLG stock from 3/31/2026 to 10/24/2026 was primarily driven by a -21.9% change in the company's P/S Multiple.
    (LTM values as of)331202610242026Change
    Stock Price ($)13.1510.38-21.1%
    Change Contribution By: 
    Total Revenues ($ Mil)2,0622,0901.4%
    P/S Multiple2.72.1-21.9%
    Shares Outstanding (Mil)416417-0.2%
    Cumulative Contribution-21.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    3/31/2026 to 10/24/2026
    ReturnCorrelation
    FLG-21.1% 
    Market (SPY)17.2%30.9%
    Sector (XLF)13.6%43.0%

    Fundamental Drivers

    The -9.9% change in FLG stock from 9/30/2025 to 10/24/2026 was primarily driven by a -7.1% change in the company's P/S Multiple.
    (LTM values as of)930202510242026Change
    Stock Price ($)11.5210.38-9.9%
    Change Contribution By: 
    Total Revenues ($ Mil)2,1452,090-2.6%
    P/S Multiple2.22.1-7.1%
    Shares Outstanding (Mil)415417-0.4%
    Cumulative Contribution-9.9%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    9/30/2025 to 10/24/2026
    ReturnCorrelation
    FLG-9.9% 
    Market (SPY)15.0%35.9%
    Sector (XLF)5.0%46.9%

    Fundamental Drivers

    The -68.8% change in FLG stock from 9/30/2023 to 10/24/2026 was primarily driven by a -97.9% change in the company's Net Income Margin (%).
    (LTM values as of)930202310242026Change
    Stock Price ($)33.3210.38-68.8%
    Change Contribution By: 
    Total Revenues ($ Mil)2,4722,090-15.5%
    Net Income Margin (%)111.0%2.3%-97.9%
    P/E Multiple2.990.12982.2%
    Shares Outstanding (Mil)241417-42.2%
    Cumulative Contribution-68.8%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    9/30/2023 to 10/24/2026
    ReturnCorrelation
    FLG-68.8% 
    Market (SPY)83.9%26.4%
    Sector (XLF)75.9%34.2%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    FLG Return23%-25%25%-69%35%-9%-56%
    Peers Return35%-17%2%28%15%12%85%
    S&P 500 Return27%-19%24%23%16%12%104%

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

    Max Drawdowns [4]
    FLG Max Drawdown-17%-34%-38%-75%-25%-29% 
    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 10/23/2026 (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. (FLG), operating as the bank holding company for Flagstar Bank, N.A., provides a comprehensive suite of banking products and services across the United States. The company fundamentally serves as a financial intermediary, accepting deposits and originating various types of loans for its diverse clientele.

    Its core offerings include a diverse range of deposit products, such as checking, savings, money market, retirement accounts, and certificates of deposit. On the lending side, Flagstar specializes in significant real estate-backed financing, including multi-family, commercial real estate, and acquisition, development, and construction (AD&C) loans. It also extends commercial and industrial (C&I) loans, one-to-four family residential loans, specialty finance, and warehouse lending. Beyond these, Flagstar offers various consumer loans like home equity lines of credit, boat and RV financing, and point-of-sale consumer loans. The company augments its traditional banking with cash management solutions, non-deposit investment and insurance products, and digital banking platforms including online and mobile services.

    Flagstar Bank primarily caters to a broad customer base that includes individual consumers, small and mid-size businesses, and professional associations. This focus enables the company to serve both personal and commercial financial needs within its target markets across the U.S.

    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

    ```html

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

    • Individuals
    • Small and mid-size businesses
    • Professional associations
    ```

    AI Analysis | Feedback

    null

    AI Analysis | Feedback

    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.

    Peer Outperformance in Regional Banks

    FLG has trailed 99% of its 263 Regional Banks peers over 5Y. Among the peers that beat it are FBP, BPOP and IBOC. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
    Share of Regional Banks constituents that FLG has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    2%
    of 284 industry peers · -14.0% return
    3Y
    1%
    of 274 industry peers · -65.0% return
    5Y
    1%
    of 263 industry peers · -71.3% return
    Regional Banks peers with revenue growth within 4pp of FLG's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
    Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
    FLG Flagstar Bank NA -1.0% 90.1x -14.0%-65.0%-71.3% —
    FBP First BanCorp 2.9% 11.3x 39.3%134.7%131.8% +203pp
    BPOP Popular 2.8% 10.5x 43.1%187.4%119.9% +191pp
    IBOC International Bancshares 2.2% 10.1x 0.3%66.9%76.2% +148pp
    CATY Cathay General Bancorp 2.0% 12.4x 40.7%114.6%75.3% +147pp
    HWC Hancock Whitney 0.3% 13.9x 35.8%143.6%63.4% +135pp
    Price returns, excluding dividends. P/E shown for context only and not used for matching.
    Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is FLG's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 6 28.7%75.2%121.5% SPNT 173% · RNR 148% · RGA 146%
    Diversified Banks 12 26.4%152.5%88.0% CM 137% · RY 123% · JPM 119%
    Life & Health Insurance 20 14.7%55.4%74.1% JXN 472% · UNM 277% · MFC 176%
    Investment Banking & Brokerage 13 -14.4%108.1%71.9% IBKR 343% · SNEX 168% · HOOD 140%
    Property & Casualty Insurance 42 15.1%71.3%66.7% TRV 170% · PGR 166% · ACGL 147%
    Multi-line Insurance 9 6.3%66.1%57.5% GNW 99% · L 98% · AIZ 87%
    Multi-Sector Holdings 3 4.0%57.0%52.5% BRK-B 87% · VOYA 52% · JEF 28%
    Regional Banks ← 264 30.2%104.2%51.1% CBC 241% · FCNCA 186% · NIC 148%
    Financial Exchanges & Data 15 13.8%39.1%32.1% CBOE 181% · VIRT 152% · CME 73%
    Insurance Brokers 15 -3.4%10.1%22.9% LIFE 405% · ARX 88% · AJG 71%
    Consumer Finance 30 0.0%79.9%14.7% ENVA 374% · FCFS 102% · AGM 92%
    Diversified Financial Services 4 -9.1%23.5%3.5% FRHC 160% · EQH 77%
    Asset Management & Custody Banks 85 -12.8%19.9%2.8% WT 283% · AAMI 246% · VCTR 241%
    Commercial & Residential Mortgage Finance 14 -57.9%26.5%-8.5% FNMA 386% · FMCC 347% · ACT 161%
    Specialized Finance 3 7.6%44.9%-12.4% CACC -12% · HASI -22%
    Mortgage REITs 34 -20.1%0.7%-32.8% RITM 36% · DX 20% · AGNC 8%
    Transaction & Payment Processing Services 17 5.3%12.0%-34.1% V 83% · MA 79% · CPAY 47%
    Diversified Capital Markets 20 -55.6%2.1%-66.5% LPLA 85% · TW 46% · RIOT -56%
    Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

    Latest Trefis Analyses

    Title
    0ARTICLES

    Recent Active Movers

    Top Gainers

    Ticker

    Top Losers

    Ticker

    Top Gainers

    Ticker

    Top Losers

    Ticker

    More From Trefis

    Research & Analysis

    Invest in Strategies

    Wealth Management

    Peer Comparisons

    Peers to compare with:

    Financials

    FLGPNCUSBTFCFITBMTBMedian
    NameFlagstar.PNC Fina.U.S. Ban.Truist F.Fifth Th.M&T Bank  
    Mkt Price10.42224.3059.7048.4552.95222.3456.33
    Mkt Cap4.390.492.859.448.332.453.8
    Rev LTM2,09024,55429,58320,85010,4929,82315,671
    Op Inc LTM-------
    FCF LTM687,48812,5255,7972,8963,5954,696
    FCF 3Y Avg5497,1069,9054,8013,3423,4944,148
    CFO LTM1627,48812,5255,7973,6653,8044,800
    CFO 3Y Avg6157,1069,9054,8013,9123,7044,357

    Growth & Margins

    FLGPNCUSBTFCFITBMTBMedian
    NameFlagstar.PNC Fina.U.S. Ban.Truist F.Fifth Th.M&T Bank  
    Rev Chg LTM-2.6%11.1%6.7%4.1%23.9%4.7%5.7%
    Rev Chg 3Y Avg-1.0%3.8%3.2%8.8%7.4%0.9%3.5%
    Rev Chg Q4.0%13.5%10.2%5.6%44.4%4.1%7.9%
    QoQ Delta Rev Chg LTM1.0%3.2%2.5%1.4%10.4%1.0%1.9%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM7.8%30.5%42.3%27.8%34.9%38.7%32.7%
    CFO/Rev 3Y Avg15.7%32.0%35.0%27.9%43.8%39.2%33.5%
    FCF/Rev LTM3.3%30.5%42.3%27.8%27.6%36.6%29.1%
    FCF/Rev 3Y Avg13.1%32.0%35.0%27.9%37.6%37.0%33.5%

    Valuation

    FLGPNCUSBTFCFITBMTBMedian
    NameFlagstar.PNC Fina.U.S. Ban.Truist F.Fifth Th.M&T Bank  
    Mkt Cap4.390.492.859.448.332.453.8
    P/S2.13.73.12.84.63.33.2
    P/Op Inc-------
    P/EBIT-------
    P/E90.511.911.410.220.610.711.6
    P/CFO26.812.17.410.213.28.511.2
    Total Yield1.5%11.5%12.3%14.2%7.5%12.2%11.8%
    Dividend Yield0.4%3.0%3.5%4.4%2.7%2.8%2.9%
    FCF Yield 3Y Avg18.6%9.4%13.2%8.5%10.1%11.8%11.0%
    D/E2.50.91.01.20.40.61.0
    Net D/E1.30.5-0.60.4-0.9-0.7-0.1

    Returns

    FLGPNCUSBTFCFITBMTBMedian
    NameFlagstar.PNC Fina.U.S. Ban.Truist F.Fifth Th.M&T Bank  
    1M Rtn-15.9%1.4%3.2%2.7%3.8%1.7%2.2%
    3M Rtn-24.7%-9.8%-5.8%-5.5%-7.0%-10.3%-8.4%
    6M Rtn-25.6%3.8%9.3%-2.5%8.3%4.8%4.3%
    12M Rtn-13.7%24.3%28.5%14.3%28.3%23.5%23.9%
    3Y Rtn-64.9%124.3%116.8%100.8%155.9%118.5%117.6%
    1M Excs Rtn-14.9%2.4%4.2%3.7%4.8%2.7%3.2%
    3M Excs Rtn-27.1%-12.2%-7.9%-9.0%-9.2%-12.7%-10.7%
    6M Excs Rtn-32.0%-2.6%2.9%-8.9%1.9%-1.6%-2.1%
    12M Excs Rtn-23.0%14.1%17.2%2.1%17.5%11.7%12.9%
    3Y Excs Rtn-143.1%39.1%26.4%18.7%62.5%24.1%25.3%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date8/6/20265/7/20262/27/202611/6/20258/7/20255/9/20253/4/202511/8/20248/9/20245/10/20243/14/202411/9/2023
    Key Financials Quarterly            
    Total Revenue5164985575194964905366236717548781,042
    Net Income342129-36-70-100-188-280-323-327-2,705207
    EPS0.060.030.05-0.11-0.19-0.26-0.41-0.79-1.14-1.36-1.080.82
    Key Financials TTM            
    Total Revenue TTM2,0902,0702,0622,0412,1452,3202,5842,9263,3453,7353,6333,171
    Net Income TTM48-56-177-394-638-891-1,118-3,635-3,148-2,412-792,798
    Growth Rates Quarterly            
    Total Revenue Growth4.0%1.6%3.9%-16.7%-26.1%-35.0%-39.0%-40.2%-36.8%15.6%111.1%203.8%
    Net Income Growth148.6%121.0%115.4%87.1%78.3%69.4%93.0%-235.3%-178.2%-116.3%-1672.7%36.2%
    Margins Quarterly            
    Net Income Margin6.6%4.2%5.2%-6.9%-14.1%-20.4%-35.1%-44.9%-48.1%-43.4%-308.1%19.9%
    Cash & Debt            
    Total Cash5,1087,0065,8948,4858,09525,44025,83223,35520,12313,54320,62014,272
    Total Debt10,93711,18612,18413,18213,18014,17814,42620,27328,77124,76921,26714,038
    Net Debt / (Cash)5,8294,1806,2904,6975,085-11,262-11,406-3,0828,64811,226647-234
    Cash Flows Quarterly            
    FCF from Operations226-118-189243355-590623-1,039796-2947791,054
    Cash Flows TTM            
    FCF from Operations TTM162291-181631-651-210862422,335-3,066263-121
    Returns to Shareholders Quarterly            
    Dividends45344453378122125
    Share Repurchases-0-0-021411181-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC0.9%0.6%0.8%-1.1%-2.0%---19.2%-7.6%-6.8%-68.9%11.4%
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM0.3%-0.3%-1.2%-2.9%-4.6%---62.3%-18.4%-12.5%-0.3%38.5%

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Single Segment2,0622,5843,6331,4821,350
    Total2,0622,5843,6331,4821,350


    Operating Income by Segment
    $ Mil2015201420132012
    Residential Mortgage Banking213446148
    Single Segment-168739701633
    Total-147773747781


    Net Income by Segment
    $ Mil20172016201520142013
    Single Segment466498-60464446
    Residential Mortgage Banking0-3122129
    Total466495-47485476


    Assets by Segment
    $ Mil20172016201520142013
    Single Segment49,12448,19649,62047,89846,015
    Residential Mortgage Banking 731698662673
    Total49,12448,92750,31848,55946,688


    Price Behavior

    Price Behavior
    Market Price$10.38 
    Market Cap ($ Bil)4.3 
    First Trading Date11/23/1993 
    Distance from 52W High-32.4% 
       50 Days200 Days
    DMA Price$12.46$13.49
    DMA Trenddowndown
    Distance from DMA-16.7%-23.1%
     3M1YR
    Volatility26.0%29.0%
    Downside Capture186.3096.61
    Upside Capture7.8569.95
    Correlation (S&P 500)24.6%33.5%
    FLG Betas & Captures as of 9/30/2026

     1M2M3M6M1Y3Y
    Beta1.050.730.750.660.851.03
    Up Beta-1.40-0.120.580.490.870.86
    Down Beta1.892.260.710.390.941.02
    Up Capture58%14%20%47%66%57%
    Bmk +ve Days6162766132424
    Stock +ve Days6142559119357
    Down Capture257%206%165%117%91%109%
    Bmk -ve Days16263760120328
    Stock -ve Days16263762125373

    [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
    FLG-9.5%29.0%-0.35-
    Sector ETF (XLF)8.0%14.5%0.2942.4%
    Equity (SPY)14.8%12.7%0.8033.4%
    Gold (GLD)-2.8%28.5%-0.1113.6%
    Commodities (DBC)52.1%20.7%1.91-19.1%
    Real Estate (VNQ)4.3%13.9%0.0634.9%
    Bitcoin (BTCUSD)-24.8%43.5%-0.5411.3%

    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-21.9%53.5%-0.26-
    Sector ETF (XLF)9.0%18.3%0.3540.8%
    Equity (SPY)12.7%17.1%0.5633.5%
    Gold (GLD)17.3%18.9%0.732.2%
    Commodities (DBC)9.5%19.5%0.375.4%
    Real Estate (VNQ)1.1%18.9%-0.0530.7%
    Bitcoin (BTCUSD)5.7%51.7%0.299.9%

    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-9.0%43.9%-0.06-
    Sector ETF (XLF)13.2%22.1%0.5447.5%
    Equity (SPY)15.3%17.9%0.7237.4%
    Gold (GLD)11.8%16.4%0.59-0.4%
    Commodities (DBC)8.4%18.1%0.3810.4%
    Real Estate (VNQ)5.2%20.7%0.2135.1%
    Bitcoin (BTCUSD)62.4%66.2%1.029.0%

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

    Short Interest

    Short Interest: As Of Date9302026
    Short Interest: Shares Quantity47.1 Mil
    Short Interest: % Change Since 915202618.4%
    Average Daily Volume5.5 Mil
    Days-to-Cover Short Interest8.5 days
    Basic Shares Quantity416.8 Mil
    Short % of Basic Shares11.3%

    Returns Analyses

    Earnings Returns History

    Updated 8/26/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/24/2026-5.8%-3.1%-8.4%
    4/24/2026-2.2%-2.6%-3.5%
    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%
    ...
    SUMMARY STATS   
    # Positive111112
    # Negative131312
    Median Positive5.1%4.7%13.6%
    Median Negative-3.1%-3.6%-5.8%
    Max Positive28.3%38.5%25.0%
    Max Negative-37.7%-59.5%-53.4%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    7/24/2026-5.8%-3.1%-8.4%
    4/24/2026-2.2%-2.6%-3.5%
    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%
    1/31/2024-37.7%-59.5%-53.4%
    10/26/2023-2.3%-6.0%-9.2%
    7/27/20235.1%8.6%-2.7%
    4/28/202316.3%3.4%16.1%
    1/31/20233.3%4.7%-7.6%
    10/26/2022-3.1%4.0%7.8%
    7/27/20228.0%9.8%12.0%
    4/27/20220.5%-2.9%1.1%
    1/26/2022-1.5%-3.5%-6.7%
    10/27/2021-8.0%-10.8%-7.2%
    7/28/20219.6%10.1%15.3%
    4/26/20214.5%-0.3%-0.0%
    1/27/2021-3.3%-3.6%19.7%
    10/28/2020-3.0%0.7%18.4%
    SUMMARY STATS   
    # Positive111112
    # Negative131312
    Median Positive5.1%4.7%13.6%
    Median Negative-3.1%-3.6%-5.8%
    Max Positive28.3%38.5%25.0%
    Max Negative-37.7%-59.5%-53.4%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202608/06/202610-Q
    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
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202608/06/202610-Q
    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
    03/31/202205/09/202210-Q
    12/31/202102/25/202210-K
    09/30/202110/29/202110-Q
    06/30/202108/06/202110-Q
    03/31/202105/07/202110-Q
    12/31/202002/26/202110-K
    09/30/202011/06/202010-Q
    06/30/202008/10/202010-Q
    03/31/202005/11/202010-Q
    12/31/201902/28/202010-K
    09/30/201911/12/201910-Q

    Insider Activity

    Updated 10/16/2026
    Expand for More
    #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
     Collapse to Preview
    #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

    Investor Activity (13F)

    Updated Oct 26, 2026
    13F holdings as of Mar 31, 2026 (Q1 2026)

    Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Liberty 77 Capital L.P.$987.7 Mil67.8%3Hold13F
    Kahn Brothers Group Inc$53.8 Mil9.5%48Hold13F
    PL Capital Advisors, LLC$11.0 Mil3.3%30New13F
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    PL Capital Advisors, LLC$11.0 Mil3.3%30New13F
    Active Manager
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Liberty 77 Capital L.P.$987.7 Mil67.8%3Hold13F
    Kahn Brothers Group Inc$53.8 Mil9.5%48Hold13F
    PL Capital Advisors, LLC$11.0 Mil3.3%30New13F

    Industry Resources

    External Quote Links


    Prefer one of these to Trefis? Tell us why.
    Core Cache Last Updated: 10/24/2026