Flagstar Bank, National Association (FLG) Earnings Call Transcripts
Flagstar Bank, National Association's Latest Earnings Call - June 10, 2026
In the second quarter of 2026, Flagstar Bank reported a significant turnaround in its financial performance, highlighting a strong focus on sustainable growth and profitability. The bank achieved a revenue of $270 million, with earnings per share (EPS) of $1.25, which exceeded analyst expectations. Management maintained its guidance for 2027, projecting revenues between $1.1 billion and $1.2 billion, indicating confidence in continued growth despite macroeconomic uncertainties.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $270M (beat) |
| EPS | $1.25 (beat) |
| C&I Loan Growth | 9% (positive) |
| Expense Reduction | 9% (positive) |
| Credit Quality Improvement | decrease in criticized loans (positive) |
| Balance Sheet Growth | $1 billion (positive) |
Guidance from management
Management maintained its revenue guidance for 2027 at $1.1 billion to $1.2 billion, indicating confidence in continued growth despite macroeconomic challenges.
What management said
This is a real inflection point for the company since we've been there. we predicted this at our earnings call that this would be the inflection point where the balance sheet starts to expand, and then each quarter can expand a couple of billion dollars each quarter. And we start to build our way back towards $100 billion.
Yes, 100%. But I mean, I think if we grew $1.2 billion last quarter, we'll grow $1.2 billion this quarter. and we look for that deposit growth to accelerate predominantly coming from private banking and the wholesale banking.
What analysts pressed on
Analysts expressed concerns regarding the potential impact of high energy prices and inflation on loan growth. There were questions about how the bank plans to navigate these macroeconomic uncertainties while maintaining growth momentum.
Main topics on the call
- Leadership Changes — Flagstar Bank announced a new leadership structure with Joseph Otting extending his contract to March 2028 and the appointment of Lee Smith and Rich Raffetto as co-Presidents and co-CEOs. Otting stated, "This is a natura...
- C&I Loan Growth — The bank reported a 9% growth in commercial and industrial (C&I) loans in Q1, with expectations to exceed 10% in Q2. Rich Raffetto noted, "We have a long-term strategy of building a durable and diversified commercial ban...
- Investment Grade Upgrade — Flagstar received an upgrade to investment grade on its deposit ratings, which management believes will enhance credibility with middle-market and corporate clients. Raffetto mentioned, "It really helps us from a credibi...
- Expense Management — The bank successfully reduced expenses by 9% year-over-year in Q1 and is guiding for further reductions in 2026 and 2027. Management stated, "We have taken out over $700 million of costs over the last 18 months," highlig...
Read the full Flagstar Bank, National Association transcript (June 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Flagstar Bank, National Association
Flagstar Bank, National Association (FLG) is a publicly listed company in the Banks industry, within the Financials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 38 calls on record spanning January 29, 2020 to July 24, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 38 Flagstar Bank, National Association earnings call transcripts on record, spanning January 29, 2020 to July 24, 2026. Based on this history, Flagstar Bank, National Association reports quarterly. The most recent call on file is dated July 24, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- FLG
- Exchange
- NYSE
- Country
- US
- Sector
- Financials
- Industry
- Banks
- Calls on record
- 38
- First call
- January 29, 2020
- Most recent
- July 24, 2026
- Reporting cadence
- quarterly