Every material Form 8-K Flagstar Bank filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
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.
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.
At the June 9, 2026 annual meeting, Flagstar Bank shareholders elected eight directors to one-year terms, ratified KPMG LLP as auditor for 2026, approved executive pay on a non-binding basis, and approved a 12,000,000-share increase to the 2020 Omnibus Incentive Plan. The share increase raises the number of shares reserved for issuance under the plan, and the pay vote drew 60,772,773 votes against.
Eight directors were elected to one-year terms, including Joseph Otting, Steven T. Mnuchin and Jennifer R. Whip.
The Incentive Plan amendment passed with 274,608,504 votes for and 48,478,199 against.
The non-binding pay vote passed with 262,444,105 votes for and 60,772,773 against.
KPMG LLP was ratified as auditor for the fiscal year ending December 31, 2026, with 369,716,004 votes for.
Flagstar Bank, N.A. (NYSE: FLG) effective May 18, 2026 reorganized its senior executive roles, with Richard Raffetto and Lee Smith named Co-Presidents and Co-Chief Operating Officers and Bao Nguyen named Chief Legal Officer. The Bank also amended Chairman and CEO Joseph Otting's employment agreement, extending its term to March 6, 2028, with a $10 million restricted stock unit award and higher pay terms, which shareholders may track in future proxy and compensation disclosures.
Joseph Otting's employment agreement as Executive Chairman and CEO runs through March 6, 2028; he gives up the title of President.
Otting's base salary rises to $1.4 million effective March 6, 2027, with target annual bonuses of $2.25 million for 2026 and $2.5 million for 2027.
Otting receives a restricted stock unit award with a grant date fair value of $10 million on May 18, 2026, vesting quarterly from March 6, 2027 through March 6, 2028.
Raffetto and Smith take on expanded roles; Raffetto becomes Chief Banking Officer and Smith remains CFO with added oversight of HR, IT and operations.
Flagstar Bank reported first quarter 2026 net income attributable to common stockholders of $13 million, or $0.03 per diluted share, down from $0.05 in the fourth quarter of 2025 but up from a loss of $108 million, or $0.26 per share, a year earlier. Total revenues fell 11% from the prior quarter, while the bank cut adjusted operating expenses 5% and grew commercial and industrial loans 9%.
GAAP net income to common stockholders was $13 million, or $0.03 per diluted share, versus $21 million, or $0.05, in Q4 2025 and a $108 million loss, or $0.26, in Q1 2025.
Adjusted net income to common stockholders was $20 million, or $0.04 per diluted share, excluding a $9 million fair value loss on the Figure Technology Solutions investment.
Total revenues were $498 million, down 11% from $557 million in Q4 2025 and up 2% from $490 million in Q1 2025.
C&I loans rose $1.4 billion, or 9%, to $16.6 billion, and the CET1 capital ratio increased to 13.24% from 12.83% at December 31, 2025.
Flagstar Bank said director Alessandro DiNello will not stand for re-election at the 2026 Annual Meeting, expected June 9, 2026, and will leave the board when his term ends there. Eli H. Miller was appointed to the board effective April 1, 2026, to fill the seat left by Brian Callanan's previously disclosed resignation, with a term running to the Annual Meeting. The change is a board turnover under an existing investor agreement and the filing does not report any disagreement with the bank.
Alessandro DiNello notified the bank on March 25, 2026 that he will not stand for re-election; his term ends at the 2026 Annual Meeting, expected June 9, 2026
Eli H. Miller, a Senior Managing Director at Liberty Strategic Capital, was appointed to the board effective April 1, 2026
Miller was appointed under the March 7, 2024 investment agreement with funds managed by Liberty 77 Capital L.P.
Miller joins the Risk Assessment Committee and the Technology and Operations Committee; he will receive an annual cash retainer of $97,500 and an annual equity award of $130,000
Flagstar Bank reported net income attributable to common stockholders of $21 million, or $0.05 per diluted share, for the fourth quarter ended December 31, 2025, compared with a net loss of $45 million in the third quarter. For the full year 2025, the bank reported a net loss attributable to common stockholders of $210 million, or $0.50 per diluted share, versus $1,153 million in 2024. Shareholders see a return to quarterly profit, though the company still posted a full-year loss.
Q4 2025 net income attributable to common stockholders was $21 million, or $0.05 per diluted share, versus a $45 million loss ($0.11 per share) in Q3 2025 and a $196 million loss ($0.47 per share) in Q4 2024.
Full-year 2025 net loss attributable to common stockholders was $210 million, or $0.50 per diluted share, compared with a $1,153 million loss ($3.49 per share) for 2024.
Net interest margin rose to 2.14% in Q4 2025, up 23 basis points from Q3 2025, and provision for credit losses fell to $3 million from $38 million in Q3 2025.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Flagstar Bank filing is on SEC EDGAR ↗. 8-K briefs of other companies →