secwatch.observer — SEC 8-K summary
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Issuer:     FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG)
CIK:        0000910073
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0000910073-23-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910073/000091007323000057/0000910073-23-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910073/000091007323000057/nycb-20230727.htm
  HTML page:      https://secwatch.observer/filing/0000910073-23-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer