FLAGSTAR BANK, NATIONAL ASSOCIATION
boothcheck covers FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 26, 2026.
• Three straight profitable quarters are now on the board after a period of heavy losses, with second-quarter 2026 net income attributable to common stockholders of $26 million, or $0.06 a diluted share [Source: Q2 2026 earnings release, July 24, 2026]. • Credit has not finished arriving: net charge-offs ran 0.66% of average loans in the quarter against 0.52% the quarter before, and non-accrual loans rose $123 million. • A $250 million repurchase authorization announced with those results is the
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370 institutional managers reported holding FLG in 13F filings for the quarter ended 2026-03-31. Together they hold about 83% of the company; the top 10 hold 58%. 53 opened new positions that quarter. Held by BlackRock, Hudson Bay Capital, Vanguard Group, among others. On the short side, 37.0M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (7.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FLG's share count grew 169% over the past five years even with $311.00M spent on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting); the current rate is $0.04 a share annually. Cash returned over the past three years: $320.00M in dividends and $286.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at FLG over the trailing three years: 2024: 9 buys totaling $974k; 2025: 1 buy totaling $1k. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FLG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-11 | +16.3% | +19.3% |
| 2023-08-10 | +10.2% | -18.0% |
| 2023-11-10 | -8.2% | +7.4% |
| 2024-03-15 | +3.8% | -5.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FLG's latest 8-K filings: 2026-07-24 (items 2.02, 7.01, 8.01, 9.01); 2026-06-11 (items 5.02, 5.07, 7.01, 9.01); 2026-05-18 (items 5.02, 8.01, 9.01); 2026-04-24 (items 2.02, 7.01, 9.01); 2026-03-27 (items 5.02).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.