Filing Flows › Flagstar Bank, National Association (FLG) › Q2 2026
Flagstar Bank, National Association (FLG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Flagstar Bank, National Association (FLG) reported revenue of $516M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +4% from the quarter before. Operating margin was 9.3%, net earnings $34.0M (6.6% of revenue).
Flagstar Bank, National Association, Q2 2026: revenue $516M (+4% year over year), operating margin 9.3%, net earnings $34.0M, operating cash flow $226M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $516M | +4% | +4% |
| Operating profit | $48.0M | +50% | — |
| Net earnings | $34.0M | +62% | — |
| Operating cash flow | $226M | — | -36% |
What changed
Revenue was $516.0M in Q2 2026, up 4% year over year and up 4% from the previous quarter. Net interest income was the largest line at 85% of revenue. Net interest income added $21.0M year over year (up 5%), 105% of the total change. Noninterest income declined 1%.
Operating profit was $48.0M, a 9.3% margin (up 25.6 points year over year). Total costs fell 19% while revenue rose 4%. Net earnings were $34.0M. The effective tax rate was 29.2%.
Operating cash flow was $226.0M (down 36% year over year), 665% of net earnings. Non-cash charges added back $33.0M of depreciation and amortization and $19.0M of share-based compensation. Working capital and other items added $140.0M.
Questions
What was Flagstar Bank, National Association's revenue in the second quarter 2026?
Flagstar Bank, National Association (FLG) reported revenue of $516M for the second quarter 2026 (Q2 2026), +4% from a year earlier and +4% from the quarter before.
Was Flagstar Bank, National Association profitable in the second quarter 2026?
Operating profit was $48.0M (9.3% of revenue) and net earnings $34.0M.
Source: Flagstar Bank, National Association 10-Q on SEC EDGAR.