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Flagstar Financial (FLG)
NYSE:FLG
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.27Last Year’s EPS
-1.35Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 34.06%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call demonstrated significant progress in strategic initiatives such as capital improvement, cost reduction, and deposit growth. However, challenges remain in achieving profitability, managing commercial real estate exposure, and addressing loan delinquencies. The management's outlook for continued improvement in 2025 is cautiously optimistic.Company Guidance
During the Flagstar Financial Fourth Quarter 2024 Earnings Conference Call, guidance for future financial performance included several key metrics. The company's strategic priorities were highlighted, with a strong focus on profitability and transforming into a top-performing regional bank. The CET1 capital ratio improved significantly, reaching 11.9%, which places Flagstar in the top quartile among Category 4 banks. The company plans to reduce operating expenses by $600 million or 23% in 2025 compared to 2024. Deposit growth was also emphasized, with a strong liquidity profile of over $31 billion and a reduction in wholesale borrowings by almost $7 billion or 34% during the year. The loan-to-deposit ratio stands at 90%. The guidance also projected a balance sheet size of $98 billion by the end of 2025 and $104-105 billion by the end of 2026, with net interest income and expenses being key focus areas to drive operational efficiency.Improved Capital and Liquidity Position
CET1 ratio increased to 11.9%, marking an improvement of over 280 basis points during the year. Liquidity remains strong with $32 billion in total liquidity, representing almost 250% of uninsured deposits.
Successful Strategic Actions
Proactive management led to $7 billion reduction in wholesale borrowings, completion of the sale of the mortgage warehouse, and a $6 billion liquidity boost from asset sales.
Cost Optimization Program
Operating expenses are expected to reduce by $600 million or 23% in 2025, driven by compensation, benefits, vendor spend, and real estate optimization.
Strong Deposit Gathering
Retail deposits grew by $900 million and private bank deposits by $500 million despite sale-related escrow deposit runoff.
C&I and Private Banking Growth
Added 24 bankers in Q4 with plans to hire an additional 100 in 2025. New loan commitments of $620 million in Q4, doubling Q3 figures.
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FLG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FLG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $9.60 | $11.06 | +15.21% |
| Oct 25, 2024 | $11.49 | $10.54 | -8.27% |
| Jul 25, 2024 | $10.92 | $10.59 | -3.02% |
| May 01, 2024 | $7.91 | $10.15 | +28.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Flagstar Financial (FLG) report earnings?
Flagstar Financial (FLG) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Flagstar Financial (FLG) earnings time?
Flagstar Financial (FLG) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FLG EPS forecast?
FLG EPS forecast for the fiscal quarter 2025 (Q1) is -0.27.
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