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

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.

Earnings Call History

EarningsCalls.dev has 39 Flagstar Bank, National Association earnings call transcripts on record, spanning January 29, 2020 to September 15, 2026. Based on this history, Flagstar Bank, National Association reports quarterly. The most recent call on file is dated September 15, 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

39

First call

January 29, 2020

Most recent

September 15, 2026

Reporting cadence

quarterly