Flagstar Financial, Inc. (FLG) is currently priced at $14.05, marking a 0.357% increase from the previous close of $14. Trading volume has surged to $1 million, up by 19.49% compared to the average. The stock shows a positive price change of 5 cents, reflecting an encouraging performance.
FLG's latest quarterly earnings report, released on Thursday, April 23rd, revealed a consensus estimate EPS of 0.03. The company's revenue and profit margin figures from the latest quarter are not available at this time.
Piper Sandler published a new grade for FLG on April 27, setting the price at $14.03. The company's grade was upgraded to "Overweight," maintaining the previous grade. Investors are advised to "hold" their positions based on this assessment.
Flagstar Financial, Inc. reported a net change in cash of -$2.58 billion, with debt repayment totaling $1 billion. The company ended the period with $5.98 billion in cash, reflecting a decrease from the beginning balance of $8.56 billion.
FLG reported a revenue of $1.11 billion and a gross profit of $520 million. The company achieved an operating income of $45 million and a net income of $29 million in the latest period. Earnings per share (EPS) stood at 5.05 cents.
Key ratios indicate a gross profit margin of 47.93%, a return on equity of 0.26, and a price-to-earnings ratio of 65.25. Notably, the company shows a low quick ratio and cash ratio of 0.
Flagstar Financial's balance sheet reflects total assets of $87.13 billion, with total liabilities amounting to $79 billion. The company holds $401 million in cash and cash equivalents, while long-term investments total $80.88 billion.
This real-time financial report provides insights into FLG's current performance and financial health, offering investors valuable information for decision-making.
Flagstar Financial, Inc. operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit. Its loan products comprise multi-family loans; commercial real estate loans; acquisition, development, and construction loans; commercial and industrial loans; one-to-four family loans; specialty finance loans and leases; warehouse loans; and other loans, such as home equity lines of credit, boat and recreational vehicle indirect lending, point of sale consumer loans, and other consumer loans, including overdraft loans. The company offers cash management products; non-deposit investment and insurance products; and online banking, mobile banking, and bank-by-phone services. It primarily serves individuals, small and mid-size businesses, and professional associations. The company was formerly known as New York Community Bancorp, Inc. and changed its name to Flagstar Financial, Inc. in October 2024. Flagstar Financial, Inc. was founded in 1859 and is headquartered in Hicksville, New York.