Flagstar Bank Q1 adjusted EPS beats on commercial and industrial loans growth

Flagstar Bank NA

24/04/2026 11:10

Overview

US regional bank's Q1 revenue missed analyst expectations, adjusted EPS beat consensus

Company saw strong C&I loan growth and improved credit quality in Q1

Operating expenses fell 5% from prior quarter, supporting profitability

Outlook

Flagstar says it is well-positioned for continued success in 2026

Company expects improvement in credit trends and solid loan growth to continue

Flagstar remains focused on driving sustainable profitability and improving returns

Result Drivers

C&I LENDING GROWTH - Co said strong growth in C&I loans was driven by demand from business customers and expansion in specialized and commercial banking segments

IMPROVED CREDIT QUALITY - Co reported declines in non-accrual and criticized/classified loans, citing proactive credit management and prudent underwriting

EXPENSE REDUCTION - Operating expenses fell 5% from the prior quarter, mainly due to lower compensation, general and administrative, and FDIC insurance costs

Company press release: ID:nPnvVjLwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$498 mln
$520.49 mln (12 Analysts)
Q1 Adjusted EPS
Beat
$0.04
$0.03 (15 Analysts)
Q1 Net Income
$21 mln
Q1 Net Interest Income
$443 mln
Q1 Credit Loss Provision
$0


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Flagstar Bank NA is $16.00, about 11.5% above its April 23 closing price of $14.35

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)