Flagstar stock rallies as bank shores up its credit quality and draws an upgrade
Flagstar Financial Inc.'s stock gained 7% on Friday after the bank picked up at least one analyst upgrade on efforts to strengthen its capital base, as the former New York Community Bank marked nine ...
Flagstar Financial, Inc. (NYSE:FLG) Q4 2024 Earnings Call Transcript
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 ...
Q4 2024 Flagstar Financial Inc Earnings Call
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; ...
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Flagstar projects profitability by Q4 as turnaround continues
The Long Island-based company, which is in the middle of a makeover, saw its stock price rise sharply after reporting a net ...
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Flagstar Purges $4.7B In CRE Loans As Losses Narrow
Flagstar's reported losses of 34 cents per share were better than analyst expectations. JPMorgan Chase forecast earnings per ...
Flagstar reports 500% pop in past due debts as rent-stabilized purge continues
Flagstar Financial, formerly New York Community Bank, reported a 500 percent increase in past due multifamily debts as it ...
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Flagstar Financial Eyes Profit Amid Strategic Overhaul
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 ...
Flagstar Stock Jumps After Regional Bank Posts Narrower Losses
Flagstar Financial shares rose 17% after the company said losses narrowed for the quarter and outlined a path to profitability this year. The Hicksville, N.Y.-based bank posted a loss of $160 million ...
Flagstar Financial targets $600M expense reduction with 23% cut by 2025
CFO Lee Smith stated, "We are planning to reduce operating expenses by $600 million, or 23%, by the end of 2025," focusing on compensation, vendor spending, and real estate optimization. Smith also ...
Flagstar expects to turn profitable in 2025 as recovery push takes root
Flagstar Financial said on Thursday it expects to turn profitable in the fourth quarter of 2025, in a sign that the lender's ...
Flagstar stock gains on narrower-than-expected Q4 loss; sees further improvement
Flagstar Financial (FLG), formerly known as New York Community Bancorp, shares climbed 12% in Thursday premarket trading ...
Flagstar expects smaller loss in 2025 as turnaround effort takes root
Flagstar Financial said on Thursday it expects annual losses to be slightly less severe, in a sign the lender's recovery from its big exposure to embattled commercial real estate loans has started ...