Flagstar Financial, Inc. (FLG)

Flagstar Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	4,651	4,509	1,848	1,525	1,542	1,553
Interest Income on Investments	1,391	982	244	164	166	252
Total Interest Income	6,042	5,491	2,092	1,689	1,708	1,805
Interest Paid on Deposits	2,428	1,758	383	114	306	530
Interest Paid on Borrowings	1,183	656	313	286	302	318
Total Interest Expense	3,611	2,414	696	400	608	848
Net Interest Income	2,431	3,077	1,396	1,289	1,100	957
Net Interest Income Growth (YoY)	-10.49%	120.42%	8.30%	17.18%	14.94%	-7.18%
Gain (Loss) on Sale of Investments	-	-1	-2	-	1	8
Other Non-Interest Income	436	468	85	61	60	76
Total Non-Interest Income	495	556	88	61	61	84
Non-Interest Income Growth (YoY)	8.32%	531.82%	44.26%	0%	-27.38%	-8.25%
Revenues Before Loan Losses	2,926	3,633	1,484	1,350	1,161	1,041
Provision for Loan Losses	1,499	833	133	3	62	7
Revenue	1,427	2,800	1,351	1,347	1,099	1,034
Revenue Growth (YoY)	-48.45%	107.25%	0.30%	22.57%	6.29%	-6.37%
Salaries and Employee Benefits	1,203	1,102	325	272	272	270
Occupancy Expenses	137	114	64	61	86	89
Amortization of Goodwill & Intangibles	141	126	5	-	-	-
Selling, General & Administrative	1,004	883	215	185	153	152
Total Non-Interest Expense	2,668	2,225	609	518	511	511
EBT Excluding Unusual Items	-1,241	575	742	829	588	523
Other Unusual Items	-132	2,131	159	-	-	-
Pretax Income	-3,957	-50	826	806	588	523
Income Tax Expense	-322	29	176	210	77	128
Net Income	-3,635	-79	650	596	511	395
Preferred Dividends & Other Adjustments	13	38	41	40	39	37
Net Income to Common	-3,648	-117	609	556	472	358
Net Income Growth	-	-	9.06%	16.63%	29.37%	-6.49%
Basic Shares Outstanding	287	238	161	155	154	155
Diluted Shares Outstanding	287	238	162	155	154	155
Shares Change (YoY)	28.55%	47.10%	4.41%	0.29%	-0.51%	-4.44%
EPS (Basic)	-12.71	-0.49	3.78	3.60	3.06	2.31
EPS (Diluted)	-12.71	-0.49	3.78	3.60	3.06	2.31
EPS Growth	-	-	5.06%	17.51%	32.59%	-2.56%
Dividend Per Share	0.700	2.040	2.040	2.040	2.040	2.040
Dividend Growth	-65.69%	0%	0%	0%	0%	0%
Effective Tax Rate	-	-	21.31%	26.05%	13.10%	24.47%

Source: S&P Capital IQ. Banks template. Financial Sources.