Flagstar Q2 profit rises to $26 million, or $0.06 a share; $250 million buyback
Flagstar Bank, N.A. reported second-quarter 2026 net income attributable to common stockholders of $26 million, or $0.06 per diluted share, up from $13 million, or $0.03, in the first quarter and from a net loss of $78 million in the year-ago quarter. The board also authorized a repurchase of up to $250 million of common stock over the next 12 months, which the company says reflects its excess capital.
Key points
- Adjusted net income attributable to common stockholders was $23 million, or $0.05 per diluted share, excluding a $4 million gain on the Figure Investment.
- Pre-provision net revenue was $66 million, up $34 million from the first quarter; operating expenses fell 3% to $427 million.
- Total deposits rose $689 million in the quarter, and the CET1 capital ratio was 13.16% at June 30, 2026.
- Repurchases may be made in the open market or in privately negotiated deals, and the program can be modified, suspended, or discontinued at any time.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.