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FLG
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201 days

FLAGSTAR FINANCIAL, INC. REPORTS FOURTH QUARTER 2024 GAAP NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $0.41 PER DILUTED SHARE AND NON-GAAP ADJUSTED NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $0.34 PER DILUTED SHARE

1. FLG's CET1 ratio hits 11.9%, ranking in the top quartile among peers. 2. Retail deposit growth is positive, with a 3% increase sequentially.

Earnings
+22.76%Current Return
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+1.25%S&P 500
$9.601/30 06:03 AM EDTEvent Start
$11.78501/31 12:41 PM EDTLatest Updated
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FAQ

Why Bullish?

Strong capital ratios and deposit growth indicate financial stability, potentially boosting investor confidence.

How important is it?

The article highlights key financial metrics important for assessing FLG's stock performance.

Why Short Term?

Immediate financial performance improvements could attract short-term investors, as seen in past similar reports.

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FLG
CAPITAL POSITION CONTINUES TO STRENGTHEN AS CET1 RATIO INCREASES TO 11.9%, TOP QUARTILE OF PEER GROUP ONGOING IMPROVEMENT IN FUNDING MIX AS WHOLESALE BORROWINGS AND HIGH-COST DEPOSITS DECLINE CONTINUED DEPOSIT GROWTH IN RETAIL CHANNEL AND IN THE PRIVATE BANK, BOTH UP 3% SEQUENTIALLY PROVISION FOR CREDIT LOSSES DECLINED 55% COMMERCIAL REAL ESTATE EXPOSURE CONTINUES TO DECLINE DUE TO STRONG PAYOFF ACTIVITY AND LOAN SALES   Fourth Quarter 2024 Summary Asset Quality Loans, Deposits, and Funding Asset quality trends stabilizing: NCOs declined 8% versus previous quarter Non-accrual loans relatively flat compared to prior quarter Nearly 60% of non-accrual loans are current Total ACL of $1.2 billion or 1.78% of total HFI, compared to 1.87% in prior quarter Multi-family ACL coverage, excluding co-op loans, increased to 1.95% Office ACL coverage increased to 7.00% Another strong quarter of par payoffs Over 90% of multi-family loans that repriced in 2024 are either current or paid off at par   Multi-family loans decreased $1.0 billion or 3%; $3.2 billion or 9% YTD CRE loans declined $532 million or 6%; $1.8 billion or 17% YTD Retail deposits up $0.9 billion or 3%; $7.3 billion or 17% YTD Private Bank deposits increased $0.5 billion or 3% and $2.4 billion or 15% since March 31, 2024 Brokered CDs down $2.5 billion or 20% Wholesale borrowings down $5.9 billion or 31%, now represent 13% of total assets   Capital Liquidity CET1 capital ratio improved to 11.9%, at or above peer group levels Book value per common share of $18.54 Tangible book value per share of $17.36   Ample total liquidity of $32 billion Represents 240% coverage on uninsured deposits $16.4 billion of available borrowing capacity and high-quality liquid assets    HICKSVILLE, N.Y. , Jan. 30, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE: FLG) ("the Company"), today reported results for the fourth quarter and full-year 2024.

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