FLG
Flagstar Bank NA (NYSE: FLG) reported its third consecutive quarter of profitability, with improved...
Article Summary
BUY- Flagstar Bank NA (NYSE: FLG) reported its third consecutive quarter of profitability, with improved earnings and higher pre-provision net revenue, and announced a $250 million share buyback signaling confidence in its strategic plan and long-term outlook.
- The bank achieved significant growth in its C&I loan portfolio, with $2 billion of net C-I loan growth and record origination volumes, and successfully reduced commercial real estate exposure with decrease in CRE concentration and reduction in criticized classified loans.
- Despite strong deposit growth, deposit growth was primarily from interest-bearing deposits, affecting interest income and net interest margin, and non-accrual loan balances are expected to be slightly higher than previously forecasted, affecting credit quality.
- Higher-for-longer interest rate environment is impacting mortgage gain on sale revenues, leading to reduction in non-interest income, and the bank adjusted its interest income guidance downward due to increased multifamily and CRE payoffs, impacting short-term interest income.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -24.5% | 25% | 0.0 ptsDeclining (-24.5%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 18.3% | 20% | 60.0 ptsModerate Upside (18.3%) - Target: $16.39 vs Current: $13.85 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -10.3% | 15% | 40.0 ptsMild Pullback (-10.3%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About FLG
- Flagstar Bank, National Association provides banking products and services in the United States.
- The company's deposit products include interest-bearing checking and money market, savings, and non-interest-bearing accounts, as well as certificates of deposit.
- It offers loan products comprising multi-family loans; commercial real estate loans; acquisition, development, and construction loans; commercial and industrial loans; one-to-four family loans; specialty finance loans and leases; warehouse loans; and home equity lines of credit, as well as other consumer loans, including overdraft loans.
- The company offers non-deposit investment and insurance products; and online and mobile banking services.
- It primarily serves individuals, small and mid-size businesses, and professional associations.
- The company was formerly known as Flagstar Financial, Inc.
- Flagstar Bank, National Association was founded in 1859 and is headquartered in Hicksville, New York.