secwatch.observer — SEC 8-K summary
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Issuer:     FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG)
CIK:        0000910073
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0000910073-24-000128
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910073/000091007324000128/0000910073-24-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910073/000091007324000128/nycb-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000910073-24-000128

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