Flagstar Financial, Inc. Overview
Pro stress-test →Flagstar Bank is a regional bank operating over 360 locations across nine states, with major presence in the greater New York/New Jersey metropolitan region, upper Midwest, Florida, and West Coast. Founded in 1859 and headquartered in Hicksville, New York, the company merged its holding company under the Flagstar Financial banner in late 2024. The 2022 merger with Michigan-based Flagstar Bancorp was a strategic pivot to reduce concentration in New York multi-family real estate and expand into the Midwest and California.
Strategic Profile
Pro stress-test →For full year 2025, Flagstar reported $177 million profit ($0.50 per share) on $2.06 billion revenue, marking a sharp pivot from previous quarters with significant loan loss provisions, as CEO Joseph M. Otting noted successful return to profitability after two challenging years. According to 12 analysts, the average rating for FLG stock is "Buy" with a 12-month price target of $14.50, representing a 2.26% increase from current price.
Competitive Landscape
Pro stress-test →As a regional bank with 360+ locations across nine states, Flagstar competes with other regional and community banks in the Northeast, Midwest, and expanding West Coast markets. The company differentiates through legacy strength in apartment building loans, particularly in rent-regulated markets, and specialized services for high-net-worth individuals and business credit solutions for middle-market companies.
Industry Context
Flagstar Financial, Inc. operates in Banks - Regional.
Key facts
Founded: 1859 · Headquarters: Hicksville, US · Employees: 6,993 · Revenue: $2.06B · Market cap: $5.75B