Highest-materiality recent filing
Flagstar Bank extends CEO Otting's term to March 2028; appoints Raffetto and Smith as Co-Presidents
Joseph Otting's employment extended as CEO through March 6, 2028; base salary rises to $1.4M from Mar 2027.
Flagstar Bank Q1 2026 net income $13M ($0.03 GAAP); adjusted EPS $0.04; C&I loans up 9% QoQ
Net income attributable to common stockholders $13M ($0.03 diluted); adjusted net income $20M ($0.04).
Director Alessandro DiNello to leave board; Eli Miller appointed to Flagstar Bank board
DiNello will not stand for re-election at the 2026 Annual Meeting (June 9, 2026); his term ends at that meeting.
Flagstar Bank sets 2026 annual meeting for June 9; record date April 10
Annual meeting will be held on June 9, 2026, virtually via live webcast at 10:00 a.m. ET.
Flagstar returns to profitability in Q4 2025 with EPS $0.05; NIM expands 23 bps to 2.14%
Net income $29M vs net loss of $36M in Q3 2025; diluted EPS $0.05 (adjusted $0.06).
Flagstar Bank releases Q4 2025 earnings presentation; no financial details in filing
Presentation titled 'Fourth Quarter 2025 Results' dated January 30, 2026, made available to investors and posted on company website.
Flagstar Bank director Brian Callanan resigns from board effective Nov 2, 2025
Brian R. Callanan resigned as director of Flagstar Bank, N.A., effective November 2, 2025.
Flagstar Bank Q3 net loss narrows to $0.11/share; NIM improves to 1.91%
Net loss attributable to common stockholders of $45M ($0.11/diluted share); adjusted loss $0.07/share, improved from Q2 loss of $0.19/share.
Exhibit 99.1 is titled 'Third Quarter 2025 Results' but contains only a cover slide with no financial data.
Flagstar Bank completes holding company reorganization; Flagstar Financial merges into bank
Flagstar Financial Inc. merged into subsidiary Flagstar Bank, N.A.; bank is now the public company.
Shareholders voted 323,484,538 in favor (99.8% of votes cast) to approve merger of Company into wholly-owned subsidiary Flagstar Bank, N.A.
Flagstar Financial receives OCC approval to merge into its bank; vote Oct 15, close mid-late Oct
OCC approved reorganization on Oct 3, 2025; Flagstar Financial will merge into Flagstar Bank, N.A.
Special Meeting to be held on October 15, 2025 at 10:00 a.m. ET via live virtual webcast only.
Flagstar secures voting agreements from ~35% holders for merger with bank subsidiary
Liberty, Hudson Bay, and Reverence, holding ~35.05% of common stock, agreed to vote for merger and conversion at Oct 15 special meeting.
Flagstar Q2 2025 net loss $0.19/share; adjusted loss $0.14; C&I originations up 57%
Net loss attributable to common stockholders of $78M ($0.19/diluted share); adjusted net loss $60M ($0.14/diluted share).
Flagstar Financial posts Q2 2025 earnings presentation; no financial details in excerpt
Presentation titled 'Second Quarter 2025 Results' made available on July 25, 2025.
Flagstar Financial to merge into bank subsidiary, eliminating holding company structure
Company (FLG) will merge into Flagstar Bank, N.A.; Bank survives, retains name and NYSE ticker FLG.
Flagstar enters employment agreement with President Raffetto: $700k base, $700k target bonus
Annual base salary of $700,000 and target annual cash bonus of $700,000.
Flagstar Financial shareholders elect three directors, ratify KPMG, approve say-on-pay
Directors Callanan, Lux, and Puwalski elected with at least 267M votes each; 68.9M broker non-votes.
Richard Raffetto, Senior Executive Vice President and President of Commercial and Private Banking of the Bank, and Lee Smith, Senior Executive Vice President and Chief Financial Officer of the Bank, will serve as Co-Presidents and Co-Chief Operating Officers of the Bank, effective immediately.
Bao Nguyen, Senior Executive Vice President, General Counsel and Chief of Staff of the Bank, will become the Bank’s Chief Legal Officer and remain Chief of Staff
Peter Sullivan, Senior Deputy General Counsel and Chief Regulatory Counsel of the Bank, will become the Bank’s General Counsel
Joseph M. Otting, Executive Chairman, President, and Chief Executive Officer, will relinquish the title and role of President, while continuing to serve as Executive Chairman and Chief Executive Officer
Richard Raffetto, Senior Executive Vice President and President of Commercial and Private Banking of the Bank, and Lee Smith, Senior Executive Vice President and Chief Financial Officer of the Bank, will serve as Co-Presidents and Co-Chief Operating Officers of the Bank, effective immediately.
Max materiality 0.85 · Median 0.50 · Most common event earnings