secwatch.observer — SEC 8-K summary
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Issuer:     FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG)
CIK:        0000910073
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000910073-24-000154
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYCB posts Q2 2024 GAAP net loss of $1.14 per share; deposits up 5.6% sequentially
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- Net loss of $323M; GAAP diluted EPS loss of $1.14; adjusted EPS loss of $1.05.
- Provision for credit losses of $390M; net charge-offs of $349M (0.42% of avg loans).
- Total ACL improved to 1.78% of loans held for investment from 1.56% last quarter.
- Deposits grew $4.2B to $79.0B (+5.6% QoQ); pro-forma liquidity ~$40B.
- Pro-forma CET1 ratio of 11.2% after sale of mortgage servicing rights and warehouse business.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910073/000091007324000154/0000910073-24-000154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910073/000091007324000154/nycb-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000910073-24-000154

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