Lee Smith; Senior Executive Vice President and Chief Financial Officer; Flagstar Financial Inc Mark Fitzgibbon; Analyst; Piper Sandler & Co. Jared Shaw; Analyst; Barclays Christopher Marinac; Analyst; ...

The bank also aims to shutter 20 private-client retail locations as part of its efforts to cut $600 million in costs in 2025, ...

Flagstar Financial is witnessing a recovery from its exposure to commercial real estate loans. Under CEO Joseph Otting's leadership, the bank improved liquidity with a capital injection and asset ...

Flagstar Financial anticipates profitability by Q4 2025, as its efforts to reduce exposure to troubled commercial real estate loans show results. Under CEO Joseph Otting, the bank has undergone ...

Q4 2024 Earnings Call Transcript January 30, 2025 Operator: Hello and thank you for standing by. My name is Regina and I will be your conference operator today. At this time I would like to welcome ...

Flagstar Financial (FLG), formerly known as New York Community Bancorp, shares climbed 12% in Thursday premarket trading ...

“We managed down our exposures through run-off of non-relationship CRE loans, par payoffs, and strategic loan sales,” Flagstar CEO Joseph Otting said in a statement. And despite the bank ...

Reports Q4 revenue $625M, consensus $559.71M. Reports Q4 tangible book value per share $17.36. Reports Q4 CET1 capital ratio 11.9%. Reports Q4 ...

"We are projecting to be profitable in the fourth quarter of this year," said CEO Joseph Otting, who will complete a year at the helm in April. "This will ultimately mark the company's turning point ...

The $100.2 billion-asset Flagstar — which is in a multiyear rebuilding phase after a near-collapse early last year — is well on its way to recovery, Chairman and CEO Joseph Otting assured analysts on ...

"We are projecting to be profitable in the fourth quarter of this year," said CEO Joseph Otting, who will complete a year at the helm in April. "This will ultimately mark the company's turning ...