---
schema_version: "secwatch.filing_event.v1"
accession: "0000910073-23-000057"
form_type: "8-K"
ticker: "FLG"
cik: "0000910073"
company_name: "FLAGSTAR BANK, NATIONAL ASSOCIATION"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T01:53:27.031090+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NYCB Q2 2023: Record adjusted net income $345M, EPS $0.47 (up 104% QoQ), NIM 3.21%

## Summary
- GAAP diluted EPS $0.55 vs $2.87 prior quarter; adjusted EPS $0.47 vs $0.23, up 104%.
- Net interest margin 3.21% (+61bps sequentially); net interest income $900M (+62%).
- Total deposits $88.5B (+$3.7B); wholesale borrowings down $4.9B to $15.4B.
- Hired six private banking teams from First Republic; common dividend $0.17/share declared.
- Non-performing assets 0.21% of total assets; allowance for credit losses $594M.

## SEC filing metadata
- accession: 0000910073-23-000057
- form_type: 8-K
- ticker: FLG
- cik: 0000910073
- company_name: FLAGSTAR BANK, NATIONAL ASSOCIATION
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910073/000091007323000057/0000910073-23-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910073/000091007323000057/nycb-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000910073-23-000057
- JSON: https://secwatch.observer/filing/0000910073-23-000057.json
- Plain text: https://secwatch.observer/filing/0000910073-23-000057.txt

## Key facts
- Earnings Releases
  FLAGSTAR BANK, NATIONAL ASSOCIATION reported the three months ended June 30, 2023 results: net income $405 million, EPS $0.55.
  - Period: the three months ended June 30, 2023
  - Net income: $405 million
  - EPS: $0.55
  - Result: reported results
  source text: today reported net income for the three months ended June 30, 2023 of $413 million compared to $2.0 billion for the three months ended March 31, 2023. Net income available to common stockholders for the three months ended June 30, 2023 was $405 million compared to $2.0 billion for the three months ended March 31, 2023. Diluted EPS totaled $0.55 for the three months ended June 30, 2023 compared to $2.87 for the three months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910073/000091007323000057/0000910073-23-000057-index.htm
- Earnings Releases
  FLAGSTAR BANK, NATIONAL ASSOCIATION reported the six months ended June 30, 2023 results: net income $2.4 billion, EPS $3.37.
  - Period: the six months ended June 30, 2023
  - Net income: $2.4 billion
  - EPS: $3.37
  - Result: reported results
  source text: For the six months ended June 30, 2023, the Company reported net income of $2.4 billion compared to $326 million for the six months ended June 30, 2022. Net income available to common stockholders for the six months ended June 30, 2023 were also $2.4 billion compared to $310 million for the six months ended June 30, 2022. Diluted EPS for the six months ended June 30, 2023 were $3.37 compared to $0.66 for the six months ended June 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910073/000091007323000057/0000910073-23-000057-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.