Filing Flows › Flagstar Bank, National Association (FLG) › Q1 2026
Flagstar Bank, National Association (FLG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Flagstar Bank, National Association (FLG) reported revenue of $498M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -11% from the quarter before. Operating margin was 6.4%, net earnings $21.0M (4.2% of revenue).
Flagstar Bank, National Association, Q1 2026: revenue $498M (+2% year over year), operating margin 6.4%, net earnings $21.0M, operating cash flow −$118M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $498M | -11% | +2% |
| Operating profit | $32.0M | -29% | — |
| Net earnings | $21.0M | -28% | — |
| Operating cash flow | −$118M | — | — |
What changed
Revenue was $498.0M in Q1 2026, up 2% year over year and down 11% from the previous quarter. Net interest income was the largest line at 89% of revenue. Net interest income added $33.0M year over year (up 8%), 412% of the total change. Noninterest income declined 31%.
Operating profit was $32.0M, a 6.4% margin (up 31.1 points year over year). Total costs fell 24% while revenue rose 2%. Net earnings were $21.0M. The effective tax rate was 34.4%.
Operating cash flow was −$118.0M. Non-cash charges added back $35.0M of depreciation and amortization and $14.0M of share-based compensation. Working capital and other items used $188.0M.
Questions
What was Flagstar Bank, National Association's revenue in the first quarter 2026?
Flagstar Bank, National Association (FLG) reported revenue of $498M for the first quarter 2026 (Q1 2026), +2% from a year earlier and -11% from the quarter before.
Was Flagstar Bank, National Association profitable in the first quarter 2026?
Operating profit was $32.0M (6.4% of revenue) and net earnings $21.0M.
Source: Flagstar Bank, National Association 10-Q on SEC EDGAR.