---
schema_version: "secwatch.filing_event.v1"
accession: "0000910073-24-000128"
form_type: "8-K"
ticker: "FLG"
cik: "0000910073"
company_name: "FLAGSTAR BANK, NATIONAL ASSOCIATION"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:45:21.694988+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NYCB reports Q1 net loss of $327M; targets 1% ROAA by Q4 2026

## Summary
- Net loss of $327M; diluted EPS -$0.45; adjusted net loss $174M (-$0.25 adjusted EPS).
- Raised over $1B in equity; CET1 ratio 9.45% (10.14% fully converted); target CET1 11-12%.
- ACL on loans increased to 1.48% vs 1.17% prior quarter; provision for credit losses $315M.
- Nonperforming loans rose to 0.97% of LHFI from 0.51% linked quarter.
- Targets ROAA of 1% and ROATCE of 11-12% by Q4 2026.

## SEC filing metadata
- accession: 0000910073-24-000128
- form_type: 8-K
- ticker: FLG
- cik: 0000910073
- company_name: FLAGSTAR BANK, NATIONAL ASSOCIATION
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910073/000091007324000128/0000910073-24-000128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910073/000091007324000128/nycb-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000910073-24-000128
- JSON: https://secwatch.observer/filing/0000910073-24-000128.json
- Plain text: https://secwatch.observer/filing/0000910073-24-000128.txt

## Key facts
- Earnings Releases
  FLAGSTAR BANK, NATIONAL ASSOCIATION reported first quarter 2024 results: net income net loss of $327 million, EPS $0.45 per diluted share. Guidance raised.
  - Period: first quarter 2024
  - Net income: net loss of $327 million
  - EPS: $0.45 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: The Company reported a net loss of $327 million for first quarter 2024 and a net loss available to common shareholders of $335 million, or $0.45 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910073/000091007324000128/0000910073-24-000128-index.htm

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