Flagstar Financial ( (FLG) ) has released a notification of late filing.
Flagstar Financial, Inc. has announced a delay in filing its Form 10-K (Yearly Report) for the fiscal year ending December 31, 2024. The delay was primarily due to last-minute challenges in compiling and reviewing necessary information, which resulted in the report being filed a day late on March 4, 2025. Despite the delay, the company anticipates no further issues and expects to maintain compliance with future filings. The financial impact is significant, with the company reporting a net loss of $1.1 billion for 2024, a substantial increase from the $79 million loss in 2023. This includes a net loss of $1.2 billion attributable to common stockholders, equating to $3.49 per diluted share, compared to $0.49 per share in the previous year. Flagstar Financial is committed to addressing these financial challenges and ensuring timely compliance in the future, as indicated by the signature of Lee M. Smith, the Senior Executive Vice President and Chief Financial Officer.
More about Flagstar Financial
YTD Price Performance: 29.87%
Average Trading Volume: 6,362,960
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.98B
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