FLAGSTAR BANK, NATIONAL ASSOCIATION financial statements
Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data FLAGSTAR BANK, NATIONAL ASSOCIATION files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
32.7
31.8
29.8
29
22
23
27
Selling, general and administrative
188
179
129
120
124
127
158
General and administrative
127
158
389
513
307
Operating expenses
638
641
547
511
511
518
604
Interest expense
387
452
659
848
608
400
696
2,414
Pre-tax income
777
668
558
523
588
806
826
-50
-1,378
-198
Income tax
282
202
135
128
77
210
176
29
-260
-21
Net income
495
466
422
395
511
596
650
-79
-1,118
-177
EPS, basic
3.02
2.69
2.36
2.30
3.05
3.59
3.78
-0.49
-3.49
-0.50
EPS, diluted
3.02
2.69
2.36
2.30
3.05
3.59
3.77
-0.49
-3.49
-0.50
Shares, basic (weighted)
162
163
163
156
155
155
161
238
331
415
Shares, diluted (weighted)
162
163
163
156
155
155
162
238
331
415
Dividend per share
2.03
2.04
2.04
0.20
0.04
Balance sheet
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
558
2,528
1,475
742
1,948
2,211
2,032
11,475
15,430
5,977
Short-term investments
9,074
9,159
10,416
Property, plant and equipment
374
369
346
313
287
270
491
652
562
477
Lease right-of-use assets
286
267
249
119
426
416
380
Goodwill
2,436
2,436
2,436
2,426
2,426
2,426
2,426
0
0
Intangible assets
287
625
488
381
Total assets
48,927
49,124
51,899
53,641
56,306
59,527
90,144
114,057
100,160
87,512
Short-term debt
2,750
4,000
Long-term debt
295
295
Lease liabilities
286
Total liabilities
42,803
42,329
45,244
46,929
49,464
52,483
81,320
105,690
91,992
79,368
Total debt
13,673
12,914
14,208
14,558
16,084
16,562
21,332
21,267
11,676
8,184
Paid-in capital
6,048
6,073
6,100
6,115
6,123
6,126
8,130
8,236
9,282
9,303
Retained earnings
128
238
297
342
494
741
1,041
443
-763
-988
Treasury stock
-0.16
-7.62
-162
-221
-258
-246
-237
-218
-219
-190
Other comprehensive income
-56.7
-15.2
-87.7
-32.8
-25
-85
-620
-599
-640
-489
Shareholders' equity
6,124
6,795
6,655
6,712
6,842
7,044
8,824
8,367
8,167
8,143
Total equity
6,124
6,795
6,655
6,712
6,842
7,044
8,824
8,367
8,167
8,143
Total liabilities and equity
48,927
49,124
51,899
53,641
56,306
59,527
90,144
114,057
100,160
87,512
Shares outstanding
163
163
158
156
155
155
681
241
415
416
Cash flow statement
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
495
466
422
395
511
596
650
-79
-1,118
-177
Depreciation and amortization
32.8
32.8
32.3
27
24
21
18
165
184
148
Stock-based compensation
32.7
36
36.3
32
29
31
29
47
54
61
Deferred income tax
44.7
21.4
23.2
101
219
-13
-3
-187
-411
-63
Cash from operations
756
1,327
540
510
334
290
1,026
263
86
-181
Capital expenditures
-84.2
-27.8
-9.85
Purchases of investments
-3,288
-2,503
-2,514
-1,796
-2,242
-3,046
-3,440
-7,694
Sales and maturities of investments
50.2
388
818
1,962
2,062
1,728
732
1,402
2,099
2,517
Cash from investing
1,218
1,062
-4,020
-2,059
-1,025
-2,762
-6,323
20,673
15,453
2,687
Debt issued
1,181
5,667
4,786
6,925
2,072
9,479
19,850
28,236
4,000
Debt repaid
-4,374
-5,538
-6,550
-2,544
-13,960
-19,374
-30,837
-6,500
Stock issued
0
0
1,004
0
Share buybacks
-8.68
-18.5
-161
-67
-50
0
-7
0
0
Dividends paid
-331
-332
-333
-317
-316
-316
-317
-486
-53
-15
Cash from financing
-1,954
-418
2,427
816
1,897
2,735
5,168
-11,409
-11,589
-12,088
Net change in cash
20.2
1,970
-1,053
-733
1,206
263
-129
9,527
3,950
-9,582
Free cash flow
671
1,299
531
Interest paid
382
447
646
813
633
402
657
2,290
3,693
2,865
Income taxes paid
180
218
44.1
76
118
471
17
44
15
13
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $12.37 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Effective tax rate
42.9%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
0.6%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
0.1%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Operating cash flow growth, 1y
-310.5%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Dividend per share growth, 1y
-80.0%
Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y
-73.0%
Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
-0.3%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
-2.6%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y
3.5%
Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-12.6%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-1.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
9.2%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
25.6%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
36.9%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y
21.8%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Debt / equity
0.82x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
7.6%
Total debt / total assets.
Liabilities / assets
90.7%
Total liabilities / total assets.
Net debt
$1.51B
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share
$0.34
Cash from operations / diluted weighted shares.
Book value per share
$19.52
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividends paid / net income, when net income is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$5.13B
Share price x shares outstanding.
Enterprise value
$6.64B
Market cap + total debt - cash - short-term investments.
P/E
107x
Market cap / net income. Only when net income is positive.
P/B
0.63x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.66x
Market cap / tangible book value, when positive.
P/OCF
31.7x
Market cap / cash from operations, when positive.
Earnings yield
0.9%
Net income / market cap (the inverse of P/E).
Dividend yield
0.3%
Dividends paid over the period / market cap.
Shareholder yield
0.3%
(Dividends paid + share buybacks) / market cap.
Was FLAGSTAR BANK, NATIONAL ASSOCIATION profitable in fiscal 2025?
No. It reported a net loss of $177.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.