# Flagstar Bank, National Association (FLG)

> Source: Nexqual · https://nexqual.com/FLG · data as of 2026-10-22 20:03 UTC · cite as "Nexqual, Flagstar Bank, National Association (FLG), nexqual.com/FLG" · informational, not investment advice.

**Price:** USD 11.44 (+3.34% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 11.07 · day 11.04–11.49 · 52w 10.57–15.44 · market cap $4.75B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $2.09B, net income $48.0M (2.3% margin) (SEC filings).
- Valuation: P/E 98.9x.
- 2 of 80 tracked superinvestors hold FLG (13F, Q2 2026): 0 new, 0 added, 0 reduced, 2 unchanged.
- Analysts: Buy (mean 2.11 on a 1–5 scale) (18 analysts), mean target USD 15.29 (range 13–18).
- Total return with dividends: 1Y -0.7% vs S&P 500 +14.9%; 5Y -67.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-23, EPS estimate USD 0.07, revenue estimate $545M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.35B | $1.64B | $5.76B | $2.55B | $2.06B | $2.09B |
| Net income | $596M | $650M | -$79.0M | -$1.12B | -$177M | $48.0M |
| EPS (diluted) | $3.60 | $3.77 | -$0.49 | -$3.49 | -$0.50 | — |
| Net margin | 44.1% | 39.6% | -1.4% | -43.8% | -8.6% | 2.3% |
| Revenue growth | +16.3% | +21.7% | +250.8% | -55.7% | -19.2% | — |
| Cash + short-term investments | $2.21B | $11.1B | $20.6B | $25.8B | — | — |
| Total debt | — | $21.3B | $21.3B | $14.4B | $12.2B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 98.9x · P/S 2.3x · P/B 0.6x · Earnings yield 1.01% · Dividend yield (paid, TTM) 0.34%

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold FLG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Kahn Brothers | Kahn Brothers Group | 9.53% | $53.8M | Unchanged |
| Third Avenue Management |  | 0.79% | $4.9M | Unchanged |

## Analysts
Consensus Buy (mean 2.11 on a 1–5 scale), 18 analysts; mean target USD 15.29 (low 13, high 18).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Cantor Fitzgerald | Target lowered | Overweight | $17 → $16 |
| 2026-10-09 | RBC Capital | Target lowered | Sector Perform | $15 → $13 |
| 2026-10-09 | Truist Securities | Target lowered | Buy | $17 → $15 |
| 2026-10-05 | TD Cowen | Target lowered | Buy | $17 → $16 |
| 2026-10-05 | Barclays | Target lowered | Overweight | $17 → $15 |
| 2026-10-01 | JP Morgan | Target lowered | Neutral | $15.5 → $14 |
| 2026-09-28 | Morgan Stanley | Target lowered | Overweight | $17 → $16 |
| 2026-09-08 | Morgan Stanley | Upgrade | Equal-Weight → Overweight | $15 → $17 |
| 2026-07-27 | DA Davidson | Maintained | Buy | $17 |
| 2026-07-27 | TD Cowen | Target lowered | Buy | $18 → $17 |
| 2026-07-27 | RBC Capital | Target lowered | Sector Perform | $16 → $15 |
| 2026-07-15 | Cantor Fitzgerald | Target raised | Overweight | $16 → $17 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -0.7% | -67.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -0.7% | -20.3% |
| Volatility (annualized) | 27.5% | 50.8% |
| Max drawdown | -28.6% (Jul 2026→Oct 2026) | -78.4% (Jul 2023→Apr 2024) |

## Peers (Banks - Regional)
BBD (Banco Bradesco Sa) USD 3.95 -2.47% · FITB (Fifth Third Bancorp) USD 53.23 +0.80% · DB (Deutsche Bank AG) USD 31.48 -2.39% · TFC (Truist Financial Corporation) USD 48.42 +1.45% · NWG (NatWest Group plc) USD 16.99 -2.30% · NU (Nu Holdings Ltd.) USD 14.73 -2.13%

## More
Full page: https://nexqual.com/FLG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Company outlook (8-K filed 2026-07-24)

- "Reports Second Quarter 2026 Results reflects the tremendous progress we have made in executing on our strategic plan, the strength of our capital position and the positive long-term outlook for the Bank."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.07 | $0.13 | -44.5% | $544.5M | 16 |
| Next quarter (ends 2026-12-31) | $0.13 | $0.20 | -36.8% | $581.5M | 16 |
| Current fiscal year (ends 2026-12-31) | $0.29 | $0.44 | -35.4% | $2.14B | 16 |
| Next fiscal year (ends 2027-12-31) | $1.17 | $1.51 | -22.9% | $2.69B | 16 |