Brief: Flagstar CEO Says Projecting Profitability In Q4 '25 - Conf Call

Flagstar Bank, National Association

30/01/2025 14:11

Jan 30 (Reuters) - Flagstar Financial  FLG.N :
    * FLAGSTAR FINANCIAL CEO JOSEPH OTTING SAYS PROJECTING
PROFITABILITY IN Q4 2025 - CONF CALL
    * FLAGSTAR CFO LEE SMITH SAYS BANK WILL CONTINUE TO BE
OPPORTUNISTIC AND EXPLORE ALL OPTIONS, INCLUDING LOAN SALES TO
REDUCE CRE EXPOSURE
    * FLAGSTAR CFO SAYS BANK SOLD LARGEST OFFICE LOAN EXPOSURE
IN Q4
    * FLAGSTAR CFO SAYS WILL CONTEMPLATE GROWING SECURITIES
PORTFOLIO
    * FLAGSTAR CFO SAYS 2025 EARNINGS FORECAST ASSUMED THREE
RATE
CUTS, BUT TWO CUTS WOULD NOT IMPACT IT MATERIALLY
    * FLAGSTAR CFO SAYS WEIGHING REDUCING BROKERAGE CERTIFICATES
OF
DEPOSIT IN Q1
    * FLAGSTAR CFO SAYS BANK HAS NOT BEEN RETAINING 20% TO 25%
OF
HIGH-COST CERTIFICATES OF DEPOSIT THAT MATURE
    * FLAGSTAR CEO SAYS OVERALL HEADCOUNT OF THE BANK HAS GONE
TO
6,000 FROM 9,000
    * FLAGSTAR CFO SAYS NON-INTEREST BEARING DEPOSIT LEVELS
EXPECTED
TO STAY SAME
    * FLAGSTAR CFO SAYS BALANCE SHEET MAY COME DOWN ANOTHER $2
BILLION

Further company coverage:  FLG.N 

 ((Reuters.Briefs@thomsonreuters.com;))