secwatch.observer — SEC 8-K summary
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Issuer:     FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG)
CIK:        0000910073
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000910073-24-000031
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYCB posts Q4 net loss $252M, slashes dividend to $0.05 to build capital
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- Q4 net loss available to common $260M ($0.36 diluted EPS); adjusted net loss $193M.
- Full-year 2023 net income available to common $2.3B ($3.24); adjusted $576M ($0.80).
- Board cuts quarterly common dividend from $0.17 to $0.05 per share; payable Feb 28.
- Q4 provision for credit losses $552M, boosting ACL to 1.17% of loans; net charge-offs $185M driven by two loans.
- Total assets $116.3B; deposits $81.4B down 2% QoQ; regulatory capital ratios remain well capitalized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910073/000091007324000031/0000910073-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910073/000091007324000031/nycb-20240131.htm
  HTML page:      https://secwatch.observer/filing/0000910073-24-000031

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