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New York-area bank holding company (renamed from New York Community Bancorp in 2024) operating Flagstar Bank after a 2024 recapitalization.
New York-area bank holding company (renamed from New York Community Bancorp in 2024) operating Flagstar Bank after a 2024 recapitalization.
Earns mostly from the gap between interest on loans, heavily concentrated in apartment buildings and commercial property, and what it pays on deposits. Its 2022 purchase of Flagstar Bancorp added mortgage and commercial arms. After the 2024 recapitalization led by Steven Mnuchin's investor group, it has been cutting back riskier real estate and building commercial lending.
Moat: none (distribution). Rebuilding franchise after 2024 losses tied to rent-regulated multifamily and office CRE loans.
Headquarters: Hicksville, New York, USA · Founded: 1859 · Employees: 5,631
Size Flagstar Bank, National Association (FLG) is a United States Financials company (Major Banks) with a market value of $4.21B, the 1312th largest of 3,117 United States companies the cockpit tracks. Shares closed at $10.52 on 6 Nov 2026.
Performance Over six months the shares fell 26.3%, against +6.8% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue fell 17.5% over the last twelve months (peer median +15.0%); the operating margin is 6.3% (peer median 36.6%).
Valuation It trades at 0.59× book value against a peer median of 1.31× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 7.4%; Flagstar Bank, National Association delivers 1.2%, so the price asks more than the business earns today.
Short interest Short interest is 11.0% of the free float (15 Oct 2026).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $4.32B | $4.81B | $6.41B | $8.21B | $2.33B |
| Revenue growth | — | -25% | -22% | +252% | — |
| Net income | $96.0M | -$177M | -$1.12B | -$84.0M | $642M |
| Free cash flow | n/a | -$601M | -$480M | $165M | $876M |
| Capital expenditure | n/a | $67.0M | $36.0M | $66.0M | $3.00M |
| Total debt | $10.9B | $12.6B | $14.9B | $21.7B | $21.5B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Flagstar Bank, National Association FLG | $4.21B | -26% | -18% | 1% | 0.59× | 7.4% |
| Valley National Bancorp VLY | $7.75B | +5% | +3% | 9% | 1.03× | 10.6% |
| M&T Bank MTB | $31.4B | +3% | 0% | 11% | 1.24× | 9.3% |
| Webster Financial WBS | n/a | +7% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FLG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.3% | +0.4% | 7th lowest of 21 |
| 6-month return | -26.3% | +6.8% | lowest of 21 |
| Return on equity | 1.2% | 10.2% | lowest of 21 |
| Price / book | 0.59× | 1.31× | 2nd cheapest of 21 |
| Trailing P/E | 76.0× | 13.0× | most expensive of 20 |
| ROE the price implies | 7.4% | 10.2% | 7th least demanding of 19 |
| ROE delivered | 1.2% | 10.2% | lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Flagstar Bank, National Association FLG | United States | $4.21B | -26% | -18% | 1% | 0.59× | 7.4% | 1.2% |
| First Financial Bankshares FFIN | United States | $4.36B | -6% | +8% | 16% | 2.38× | 17.0% | 15.9% |
| Texas Capital Bancshares TCBI | United States | $4.39B | +1% | +3% | 10% | 1.34× | 9.8% | 10.2% |
| Liechtensteinische Landesbank LLBN.SW | Switzerland | $4.40B | +24% | -2% | 8% | 1.48× | n/a | 7.7% |
| Banco Macro SA Sponsored ADR BMA | United States | $4.53B | -21% | +4% | 7% | 0.87× | 11.3% | 7.5% |
| Fulton Financial FULT | United States | $4.54B | +11% | +3% | 12% | 1.29× | 10.5% | 11.6% |
| 77 Bank 8341.T | Japan | $4.66B | +7% | +21% | 9% | 0.95× | 5.9% | 9.4% |
| Kyushu Financial 7180.T | Japan | $3.79B | +7% | +15% | 5% | 0.73× | 6.6% | 4.9% |
| Sparebanken Norge SBNOR.OL | Norway | $3.78B | +8% | +62% | 7% | 0.71× | 6.1% | n/a |
| Daishi Hokuetsu Financial 7327.T | Japan | $3.73B | +9% | +18% | 9% | 0.94× | 6.3% | 8.6% |
| JB Financial 175330.KS | South Korea | $3.67B | 0% | +9% | 13% | 0.94× | 5.3% | n/a |
| TBC Bank TBCG.L | United Kingdom | $3.64B | +11% | +16% | 24% | 1.40× | 15.7% | 23.8% |
| Nicolet Bankshares NIC | United States | $3.60B | +18% | +46% | 10% | 1.62× | 11.5% | 10.2% |
| Dave DAVE | United States | $3.55B | +9% | +49% | 105% | 17.09× | 291.2% | 104.8% |
| Bank of Chongqing 1963.HK | Hong Kong | $5.11B | +1% | +10% | 10% | 0.41× | 4.2% | 9.9% |
| St.Galler Kantonalbank SGKN.SW | Switzerland | $5.22B | +19% | -13% | 8% | 1.37× | n/a | 7.6% |
| Community Financial System CBU | United States | $3.39B | +1% | +7% | 12% | 1.67× | 12.5% | 11.8% |
| Axos Financial AX | United States | $5.26B | +7% | +18% | 17% | 1.60× | 16.5% | 16.7% |
| Simmons First National SFNC | United States | $3.37B | +10% | +122% | 8% | 1.01× | 9.7% | 7.8% |
| Grupo Aval Acciones y Valores SA Sponsored ADR Pfd AVAL | United States | $5.29B | -5% | +15% | 11% | 0.95× | 7.8% | 10.8% |
| Park National PRK | United States | $3.20B | +2% | +21% | 13% | 1.87× | 13.1% | 13.1% |