Flagstar posts smaller loss as loan loss provisions shrink

Flagstar Bank, National Association

30/01/2025 11:04

Jan 30 (Reuters) - Flagstar Financial  FLG.N , formerly
known as New York Community Bancorp, reported a smaller
quarterly loss on Thursday, as it reduced its provisions for
potential loan defaults.
    Its net loss was $168 million, or 41 cents per share, for
the three months ended Dec. 31, compared with $2.7 billion, or
$11.27 per share, a year earlier.

 (Reporting by Niket Nishant and Manya Saini in Bengaluru;
Editing by Arun Koyyur)
 ((Niket.Nishant@thomsonreuters.com;))