FLAGSTAR BANK, NATIONAL ASSOCIATION
FLG, FLG-PA, FLG-PU · Savings Institutions, Not Federally Chartered · 416.8M shares · -15%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$40M (gross $7M, SBC $47M)
Reference price $12.85 · est. market cap ~$5.4B — last insider purchase, 2025-12-04 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D48Flagstar (ex-NYCB) — bank turning around after CRE losses.
Strengths
- Recapitalized; de-risking multifamily/CRE book
Risks
- Net loss; negative ROE/ROA (12th pct)
- Office/multifamily CRE concentration; execution risk
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Buying back stockNet buyback — share count -15%/yr over 4y
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
-2.2%
Return on assets
-0.2%
Revenue growth (QoQ)
100.0%
Debt / equity
1.0×
Tangible book value
$7.8B
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-18 | Otting Joseph M | Grant | 750K | — |
| 2026-04-01 | Miller Eli H | Grant | 7.3K | — |
| 2026-03-24 | Davis Reginald E | Tax withheld | 923 | — |
| 2026-03-24 | Smith Lee Matthew | Tax withheld | 2.1K | — |
| 2026-03-15 | Buchanan George | Grant | 61K | — |
| 2026-03-15 | Buchanan George | Tax withheld | 4.4K | — |
| 2026-03-15 | Gagnon Kris | Tax withheld | 6.1K | — |
| 2026-03-15 | Marx Bryan | Grant | 25K | — |
| 2026-03-15 | Marx Bryan | Tax withheld | 3.7K | — |
| 2026-03-15 | Smith Lee Matthew | Grant | 246K | — |
| 2026-03-15 | Otting Joseph M | Tax withheld | 43K | — |
| 2026-03-15 | Otting Joseph M | Grant | 82K | — |
| 2026-03-15 | Raffetto Richard A | Grant | 246K | — |
| 2026-03-15 | Bao Nguyen | Grant | 123K | — |
| 2026-03-15 | Bao Nguyen | Tax withheld | 8.6K | — |
| 2026-01-27 | Lux Marshall | Grant | 9.9K | — |
| 2026-01-27 | Frank Alan L | Grant | 9.9K | — |
| 2026-01-27 | DiNello Alessandro | Grant | 9.9K | — |
| 2026-01-27 | Berlinski Milton R. | Grant | 9.9K | — |
| 2026-01-27 | MNUCHIN STEVEN T | Grant | 9.9K | — |
| 2026-01-27 | Puwalski Allen | Grant | 9.9K | — |
| 2026-01-27 | Whip Jennifer R | Grant | 9.9K | — |
| 2026-01-02 | Puwalski Allen | Grant | 16K | — |
| 2026-01-02 | Frank Alan L | Grant | 12K | — |
| 2026-01-02 | Whip Jennifer R | Grant | 8.0K | — |
| 2026-01-02 | Lux Marshall | Grant | 8.0K | — |
| 2025-12-27 | Smith Lee Matthew | Tax withheld | 16K | — |
| 2025-12-04 | Raffetto Richard A | Buy | 95 | $12.85 |
| 2025-12-01 | Smith Lee Matthew | Tax withheld | 11K | — |
| 2025-12-01 | Davis Reginald E | Tax withheld | 6.1K | — |
| 2025-10-15 | Marx Bryan | Tax withheld | 2.7K | — |
| 2025-10-15 | Buchanan George | Tax withheld | 6.2K | — |
| 2025-09-04 | Raffetto Richard A | Sell | 4 | $12.93 |
| 2025-07-29 | DiNello Alessandro | Gift | 40K | — |
| 2025-07-15 | Marx Bryan | Tax withheld | 630 | — |
| 2025-06-04 | Raffetto Richard A | I | 92 | $11.67 |
| 2025-05-24 | Marx Bryan | Tax withheld | 789 | — |
| 2025-05-24 | Davis Reginald E | Tax withheld | 4.9K | — |
| 2025-03-27 | MNUCHIN STEVEN T | Disposition | 10K | — |
| 2025-03-27 | MNUCHIN STEVEN T | Option exercise | 10K | — |
| 2025-03-24 | Davis Reginald E | Tax withheld | 1.4K | — |
| 2025-03-24 | Smith Lee Matthew | Tax withheld | 2.1K | — |
| 2025-03-22 | Smith Lee Matthew | Tax withheld | 1.5K | — |
| 2025-03-15 | Bao Nguyen | Grant | 51K | — |
| 2025-03-15 | Buchanan George | Tax withheld | 2.7K | — |
| 2025-03-15 | Marx Bryan | Grant | 25K | — |
| 2025-03-15 | Buchanan George | Grant | 17K | — |
| 2025-03-15 | Otting Joseph M | Grant | 253K | — |
| 2025-03-15 | Gagnon Kris | Grant | 51K | — |
| 2025-03-06 | DiNello Alessandro | Disposition | 88K | — |
| 2025-03-06 | DiNello Alessandro | Tax withheld | 175K | — |
| 2025-03-04 | Raffetto Richard A | I | 570 | $11.85 |
| 2025-02-28 | DiNello Alessandro | Gift | 38K | — |
| 2025-02-28 | DiNello Alessandro | Gift | 1.6K | — |
| 2025-02-28 | DiNello Alessandro | Gift | 1.6K | — |
| 2025-02-28 | DiNello Alessandro | Gift | 1.6K | — |
| 2025-02-28 | DiNello Alessandro | Gift | 1.6K | — |
| 2025-02-28 | DiNello Alessandro | Gift | 49K | — |
| 2025-02-28 | DiNello Alessandro | Gift | 1.6K | — |
| 2025-01-29 | Berlinski Milton R. | Grant | 14K | — |
| 2025-01-29 | MNUCHIN STEVEN T | Grant | 14K | — |
| 2025-01-29 | DiNello Alessandro | Grant | 14K | — |
| 2025-01-29 | Callanan Brian R | Grant | 14K | — |
| 2025-01-29 | Lux Marshall | Grant | 14K | — |
| 2025-01-29 | Whip Jennifer R | Grant | 14K | — |
| 2025-01-29 | Frank Alan L | Grant | 14K | — |
| 2025-01-29 | Puwalski Allen | Grant | 14K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-11 | Exec/director changeShareholder voteReg FDExhibits | filing ↗ |
| 2026-05-18 | Exec/director changeOtherExhibits | filing ↗ |
| 2026-04-24 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-27 | Exec/director change | filing ↗ |
| 2026-02-27 | Reg FDExhibits | filing ↗ |
| 2026-01-30 | ResultsExhibits | filing ↗ |
| 2026-01-30 | Reg FDExhibits | filing ↗ |
| 2025-11-03 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-11 | 2026-06-09 | 0000910073-26-000062 ↗ |
| 8-K | 2026-05-18 | 2026-05-18 | 0000910073-26-000053 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0000910073-26-000047 ↗ |
| 8-K | 2026-04-24 | 2026-04-24 | 0000910073-26-000035 ↗ |
| 8-K | 2026-03-27 | 2026-03-25 | 0000910073-26-000029 ↗ |
| 8-K | 2026-02-27 | 2026-02-27 | 0000910073-26-000027 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0000910073-26-000025 ↗ |
| 8-K | 2026-01-30 | 2026-01-30 | 0000910073-26-000018 ↗ |
| 8-K | 2026-01-30 | 2026-01-30 | 0000910073-26-000017 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0000910073-25-000181 ↗ |
| 8-K | 2025-11-03 | 2025-10-30 | 0000910073-25-000177 ↗ |
| 8-K | 2025-10-24 | 2025-10-24 | 0000910073-25-000172 ↗ |