10.58
+0.57%
Close of 9 Nov 2026, in USD
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About Flagstar Bank NA
From its filings with the US Securities and Exchange Commission
Flagstar Bank NA is based in Hicksville, New York. Its shares trade on NYSE under the ticker FLG. The SEC classifies its business as savings institutions, not federally chartered. In the fiscal year to 31 December 2022, it reported revenue of $27.0m.
Where we say "we," "us," "our," the "Bank," the "Company," or "Flagstar," in this report we usually mean Flagstar Bank, National Association.
Flagstar Bank, National Association, is a national banking association headquartered in Hicksville, New York which had $87.5 billion of assets, $61.0 billion of loans, deposits of $66.0 billion, and total stockholders’ equity of $8.1 billion as of December 31, 2025. The Bank went public in 1993 and has grown organically and through a series of accretive mergers and acquisitions.
Effective October 17, 2025, the Bank became the successor reporting company to Flagstar Financial, Inc. ("Flagstar Financial"), the former holding company for the Bank, pursuant to an internal corporate reorganization to eliminate the Bank’s holding company structure (the “Reorganization”). In connection with the completion of the Reorganization, Flagstar Financial was merged with and into the Bank (the “Merger”), with the Bank continuing as the surviving entity.
At the effective time of the Merger, the outstanding shares of Flagstar Financial’s common stock and Series A preferred stock were cancelled and automatically converted into an equivalent number of shares of the Bank’s common stock and Series A preferred stock.
Quoted from its 10-K, filed 27 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 23 Nov 1993
- Employees
- 5,631
- Website
- ir.flagstar.com ↗
- Head office
- 102 DUFFY AVENUE, HICKSVILLE, NY, 11801
- Classification
- Savings Institutions, Not Federally Chartered
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Joseph OttingExecutive Chairman of the Board , President, Chief Executive Officer, since 2024$34.8m
- Mr. Lee SmithSenior Executive Vice President and Chief Financial Officer of the Company and Bank$7.1m
- Mr. Bryan MarxExecutive Vice President, Chief Accounting Officer
- Mr. George BuchananExecutive Vice President, Chief Risk Officer
- Mr. Bao NguyenSenior Executive Vice President, General Counsel and Chief of Staff$5.8m
- Mr. Reginald DavisSenior Executive Vice President, President of Banking$6.0m
- Mr. Kris GagnonSenior Executive Vice President, Chief Credit Officer
- Mr. Richard RaffettoSenior Executive Vice President, President - Commercial and Private Banking Businesses of Flagstar Bank$6.7m
- Mr. Scott ShepherdSenior Executive Vice President, President of Commercial Real Estate Banking
- Mr. Steven MnuchinLead Independent Director$240,639
- Mr. Alessandro DinelloDirector, since 2022$13.4m
- Mr. Milton BerlinskiIndependent Director$202,757
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 40
- Environment
- 40
- Social
- 57
- Governance
- 23
- Direct emissions (scope 1)
- 4,136 t
- Energy emissions (scope 2)
- 27,603 t
- Value chain emissions (scope 3)
- 10,168 t
- Women in the workforce
- 63%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Flagstar Bank NA operates over 400 branches across the Northeast, Midwest, and high-growth Southeast and West Coast markets.
- The bank has approximately 90 private banking teams in over 10 cities within the New York City metropolitan area.
- Flagstar Financial Inc employs 8,766 full-time employees, supporting extensive regional banking operations.
Weaknesses
- Flagstar Bank NA's headquarters in Hicksville, New York, limits its national brand recognition compared to larger competitors.
- The company's listing date of 23 November 1993 indicates a long-standing but potentially outdated operational model.
- Flagstar Financial Inc's focus on regional banking may restrict its ability to compete with national financial institutions.
Opportunities
- Expanding private banking teams in high-growth markets like the Southeast and West Coast presents new revenue streams.
- The 8,766 full-time employees provide a strong workforce for scaling operations in emerging markets.
- Flagstar Bank NA's presence in the Northeast and Midwest offers opportunities for cross-selling financial products.
Threats
- Competition from national banks with broader branch networks poses a significant threat to Flagstar's market share.
- Economic downturns in key regions like the Northeast and Midwest could impact the bank's performance.
- Regulatory changes in the Financials sector may increase operational costs for Flagstar Bank NA.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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