earnings
confidence high
sentiment positive
materiality 0.80
Flagstar Q4 GAAP net loss $0.41/diluted share; CET1 ratio improves to 11.9%, credit trends stabilizing
FLAGSTAR BANK, NATIONAL ASSOCIATION
2024-FY EPS reported
-$3.49
- GAAP net loss attributable to common stockholders of $0.41 per diluted share; adjusted net loss $0.34 per diluted share.
- CET1 capital ratio improved to 11.9%, at or above peer group levels; book value per share $18.54.
- Provision for credit losses fell 55% to $108M; net charge-offs declined 8% QoQ to $222M.
- Total assets $100.2B, down 12% YoY; wholesale borrowings reduced $5.9B (31%) to $13.4B.
- Retail and Private Bank deposits each up 3% sequentially; commercial lending had $620M in new commitments.