Filing Flows › Flagstar Bank, National Association (FLG) › Q1 2025
Flagstar Bank, National Association (FLG) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Flagstar Bank, National Association (FLG) reported revenue of $490M for the first quarter 2025 (Q1 2025), -23% from a year earlier and -22% from the quarter before. Operating margin was -24.7%, net loss $100M (20.4% of revenue).
Flagstar Bank, National Association, Q1 2025: revenue $490M (-23% year over year), operating margin -24.7%, net loss $100M, operating cash flow −$590M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $490M | -22% | -23% |
| Operating profit | −$121M | — | — |
| Net earnings | −$100M | — | — |
| Operating cash flow | −$590M | — | — |
What changed
Revenue was $490.0M in Q1 2025, down 23% year over year and down 22% from the previous quarter. Net interest income was the largest line at 84% of revenue. Net interest income lost $214.0M year over year (down 34%), 150% of the total change.
Operating costs exceeded revenue by $121.0M, an operating margin of -24.7%. Total costs fell 40% while revenue fell 23%. The quarter ended with a net loss of $100.0M, narrower than the previous quarter's $188.0M loss.
Operating cash flow was −$590.0M. Non-cash charges added back $39.0M of depreciation and amortization and $15.0M of share-based compensation. Working capital and other items used $544.0M.
Questions
What was Flagstar Bank, National Association's revenue in the first quarter 2025?
Flagstar Bank, National Association (FLG) reported revenue of $490M for the first quarter 2025 (Q1 2025), -23% from a year earlier and -22% from the quarter before.
Was Flagstar Bank, National Association profitable in the first quarter 2025?
Operating loss was $121M (-24.7% of revenue) and net loss $100M.
Source: Flagstar Bank, National Association 10-Q on SEC EDGAR.