Flagstar Bank Q2 revenue beats on loan growth

Flagstar Bank, National Association

24/07/2026 11:18

    

    Overview
  
US regional bank's Q2 revenue beat analyst expectations, adjusted EPS missed consensus
Company posted third consecutive quarter of profitability, with net income and PPNR up from Q1
Flagstar announced $250 mln share repurchase program

    

    Outlook
  
Flagstar Bank announces $250 mln share repurchase program, citing capital strength and long-term outlook
Company says strong capital position provides flexibility for balance sheet growth and investments
Flagstar expects continued focus on  management and balance sheet diversification expense

    

    Result Drivers
  
C&I LOAN GROWTH - Record C&I loan production drove a $2.0 bln or 12% increase in C&I loans, offsetting declines in CRE portfolio
COST CONTROL - Operating expenses fell 3% from prior quarter, driven by lower compensation, occupancy, and professional fees
CORE DEPOSIT GROWTH - Total deposits rose $689 mln, led by $706 mln in C&I-related core deposits

    
Company press release: ID:nPn6kwV83a

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Beat
$516 mln
$491.61 mln (15 Analysts)
Q2 Adjusted EPS
Miss
$0.05
$0.07 (18 Analysts)
Q2 EPS
 
$0.06
 
Q2 Net Income
 
$34 mln
 
Q2 Net Interest Income
 
$440 mln
 
Q2 Credit Loss Provision
 
$18 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 7 "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 $17.00, about 15.6% above its July 23 closing price of $14.71
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago

    

    Reuters Recommended Reads
  
July 21 - Webster Financial Q2 revenue beats estimates on loan, deposit growth
July 23 - Huntington Bancshares' quarterly profit rises on interest income boost
July 23 - Customers Bancorp Q2 net income rises 28%, reaffirms 2026 guidance

    
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(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.)