Flagstar Bank reports Q3 2026 profit of $3 million, or $0.01 per share, down from $0.06
Flagstar Bank reported third quarter 2026 net income attributable to common stockholders of $3 million, or $0.01 per diluted share, down from $26 million, or $0.06, in the second quarter but up from a $45 million loss in the third quarter of 2025. The quarter included a $22 million income tax benefit from a federal tax audit settlement, while the provision for credit losses rose $58 million to $76 million, and management said full achievement of its long-term strategic objectives has shifted to 2028 from 2027.
Key points
- Total revenues rose 3% to $530 million from $516 million in the second quarter, and net interest income rose 5% to $460 million
- Provision for credit losses increased $58 million to $76 million, mainly reflecting net charge-offs of $74 million
- A $22 million income tax benefit from the settlement of a 2019-2021 federal tax audit helped results
- Management moved the full realization of its long-term strategic objectives to 2028 from 2027, citing a higher-for-longer interest rate environment
The filing
Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.
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