Flagstar Bank reports Q1 EPS 4c, consensus 4c

Reports Q1 revenue $498M, consensus $552.83M. Reports Q1 tangible book value per share $17.42 Reports Q1 CET1 capital ratio 13.24%. Commenting on the Bank’s first quarter performance, chairman, president, and CEO, Joseph Otting stated, “We are pleased to report another quarter of solid progress, highlighted by our second consecutive quarter of profitability and continued momentum across our core banking franchise. We reported net income attributable to common stockholders of $13 million, or $0.03 per diluted share on a GAAP basis and net income attributable to common stockholders of $20 million or $0.04 per diluted share on an adjusted basis. Our first quarter 2026 performance reflects the disciplined execution of our strategic plan and improving fundamentals, including strong C&I loan growth, a higher level of deposits, additional progress in reducing the level of non-accrual and criticized/classified loans, further expansion of our net interest margin, and a strong capital position.”