Flagstar Bank, National Association.
- FLG ยท NYSE
- Savings Institutions, Not Federally Chartered
- Hicksville, NY
- 5,631 employees
- CIK 0000910073
Updated from SEC filings through
Top things to know
Executives
- Joseph M. Otting Exec Chairman and CEO 4, 2026-05-20
- Nguyen Bao SEVP, GC & Chf of Staff to CEO 4, 2026-03-17
- Lee Smith Senior Executive Vice President and Chief Financial Officer of the Bank 8-K, 2026-05-18
- Lee Matthew Smith SEVP & Chief Financial Officer 4, 2026-03-25
- Richard Raffetto Co-Presidents and Co-Chief Operating Officers of the Bank 8-K, 2026-05-18
- Bao Nguyen Chief Legal Officer 8-K, 2026-05-18
Flagstar Bank, National Association is a U.S. public company in savings institutions, not federally chartered (SIC 6036), headquartered in Hicksville, NY. It trades as FLG on NYSE. Revenue was $4.5B in the fiscal year ending December 31, 2025, -25.0% from the year before. It reported about 5,631 employees. Joseph M. Otting is Exec Chairman and CEO.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $4.5B 10-K, 2026-02-27 | $6.0B 10-K, 2026-02-27 | $5.5B 10-K, 2026-02-27 | $27.0M 10-K, 2023-03-01 | $23.0M 10-K, 2023-03-01 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | $307M 10-K, 2026-02-27 | $513M 10-K, 2026-02-27 | $389M 10-K, 2026-02-27 | $158M 10-K, 2023-03-01 | $127M 10-K, 2023-03-01 |
| Net income | -$177M 10-K, 2026-02-27 | -$1.1B 10-K, 2026-02-27 | -$79.0M 10-K, 2026-02-27 | $650M 10-K, 2025-03-04 | $596M 10-K/A, 2024-03-15 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Joseph M. Otting | Exec Chairman and CEO | 4, 2026-05-20 |
| Nguyen Bao | SEVP, GC & Chf of Staff to CEO | 4, 2026-03-17 |
| Lee Smith Co-President, Co-COO, Chief Financial Officer at Flagstar Bank | Senior Executive Vice President and Chief Financial Officer of the Bank | 8-K, 2026-05-18 |
| Lee Matthew Smith | SEVP & Chief Financial Officer | 4, 2026-03-25 |
| Richard Raffetto Co-President, Co-COO and Chief Banking Officer - Flagstar Bank | Co-Presidents and Co-Chief Operating Officers of the Bank | 8-K, 2026-05-18 |
| Bao Nguyen | Chief Legal Officer | 8-K, 2026-05-18 |
| Reggie Davis | Senior Executive Vice President and President of Banking | 8-K, 2026-05-18 |
| George Buchanan Chief Risk Officer - Flagstar Bank | EVP and Chief Risk Officer | 4, 2026-03-17 |
| Kris Gagnon | Sr EVP & Chief Credit Officer | 4, 2026-03-17 |
| Bryan Marx Executive Vice President and Chief Accounting Officer at Flagstar Bank | EVP & Princ Accounting Officer | 4, 2026-07-16 |
| Peter Sullivan | General Counsel | 8-K, 2026-05-18 |
| Reginald E. Davis | SEVP & Pres Consumer Banking | 4, 2026-03-25 |
| Richard A. Raffetto | SEVP Pres of Com & Priv Bnking | 4, 2026-03-17 |
| Steven T. Mnuchin | Secretary | 10-K, 2026-02-27 |
| Alessandro P. DiNello | Director | 10-K, 2026-02-27 |
| Allen Puwalski | Director | 10-K, 2026-02-27 |
What Flagstar Bank, National Association does
1 billion as of December 31, 2025. The Bank went public in 1993 and has grown organically and through a series of accretive mergers and acquisitions.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 398.2 million (as of October 30, 2026) | 10-Q, November 6, 2026 |
|---|---|---|
| Public float | $3.2B (as of June 30, 2025) | 10-K, February 27, 2026 |
| Reportable segments | 1 (period ending September 30, 2026) | 10-Q, November 6, 2026 |
| Latest proxy statement | Meeting June 9, 2026 (filed April 30, 2026) | DEF 14A, April 30, 2026 |
| Auditor | Kpmg LLP (New York, New York) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| October 27, 2026 | Alan L. Frank Director | Buy | 10,000 | $101K | Form 4, October 28, 2026 |
| December 4, 2025 | Richard A. Raffetto SEVP Pres of Com & Priv Bnking | Buy | 95 | $1K | Form 4, February 6, 2026 |
| September 4, 2025 | Richard A. Raffetto SEVP Pres of Com & Priv Bnking | Sale | 4 | $51.72 | Form 4, February 6, 2026 |
Recent 8-K events
- 8-K filed 2026-10-23
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-07-24
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-06-11
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 5.07 Submission of matters to a vote of security holders
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-05-18
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 8.01 Other events
- 8-K filed 2026-04-24
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-03-27
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-02-27
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-01-30
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-01-30
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-11-03
- Item 5.02 Departure or appointment of directors or officers; compensation
Frequently asked questions about Flagstar Bank, National Association
- What does Flagstar Bank, National Association do?
- In its own words, from Item 1 of its 10-K: "1 billion as of December 31, 2025. The Bank went public in 1993 and has grown organically and through a series of accretive mergers and acquisitions."
- What is Flagstar Bank, National Association's revenue?
- $4.5B for the fiscal year ending December 31, 2025, from its 10-K filed February 27, 2026.
- Is Flagstar Bank, National Association profitable?
- Flagstar Bank, National Association reported net income of -$177M for the fiscal year ending December 31, 2025.
- How many employees does Flagstar Bank, National Association have?
- About 5,631 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Flagstar Bank, National Association?
- Joseph M. Otting, Exec Chairman and CEO, as named in a 4 filed May 20, 2026.
- Who is the CFO of Flagstar Bank, National Association?
- Lee Smith, Senior Executive Vice President and Chief Financial Officer of the Bank, as named in a 8-K filed May 18, 2026.
- Where is Flagstar Bank, National Association headquartered?
- Hicksville, NY.
- What is Flagstar Bank, National Association's stock ticker?
- FLG, FLG-PA, FLG-PU on NYSE.
- What industry is Flagstar Bank, National Association in?
- Savings Institutions, Not Federally Chartered, SIC code 6036.
- What is Flagstar Bank, National Association's website?
- flagstar.com.
- When does Flagstar Bank, National Association report earnings next?
- January 22, 2027. Source: estimate_8k_pattern.
- Is Flagstar Bank, National Association a public company?
- Yes. Flagstar Bank, National Association files with the SEC under CIK 0000910073 and trades as FLG.
- Who audits Flagstar Bank, National Association?
- Kpmg LLP, New York, New York, as named in its latest annual report (10-K).
- How many shares of Flagstar Bank, National Association are outstanding?
- 398.2 million shares as of October 30, 2026, from its 10-Q filed November 6, 2026.
- What is Flagstar Bank, National Association's public float?
- $3.2B as of June 30, 2025, as reported on the cover of its 10-K filed February 27, 2026.
- How many business segments does Flagstar Bank, National Association report?
- 1 reportable segment for the period ending September 30, 2026, from its 10-Q filed November 6, 2026.
- When is Flagstar Bank, National Association's annual shareholder meeting?
- June 9, 2026, per its proxy statement (DEF 14A) filed April 30, 2026.
- Have Flagstar Bank, National Association insiders traded stock recently?
- Since September 4, 2025, officers and directors reported 1 open-market sale worth about $51.72 and 2 purchases worth about $103K on Forms 4 and 5. The most recent: Alan L. Frank (Director) bought 10,000 shares on October 27, 2026.