secwatch.observer — SEC 8-K summary
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Issuer:     FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG)
CIK:        0000910073
Form:       8-K/A
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0000910073-24-000034
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYCB reports Q4 net loss of $252M, cuts dividend to $0.05, builds reserves on credit concerns
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- Q4 net loss available to common $260M, diluted EPS $(0.36); adjusted EPS $(0.27).
- Recorded $552M provision for credit losses; ACL rose to $992M (1.17% of loans).
- Full-year 2023 net income $2.4B includes $2.2B bargain purchase gain; adjusted EPS $0.80.
- Quarterly common dividend slashed to $0.05 from prior rate to accelerate capital build.
- Total assets $116.3B; joined Category IV large-bank category; CET1 ratio 9.10%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910073/000091007324000034/0000910073-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910073/000091007324000034/nycb-20240131.htm
  HTML page:      https://secwatch.observer/filing/0000910073-24-000034

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