$FLG

Cantor Fitzgerald maintained an Overweight rating on Flagstar Bank (FLG) with a $16.00 price target, despite cutting its earnings estimates for 2026 and 2027. The bank's Q3 2026 earnings missed expectations, with EPS of $0.01 on $530M revenue. The stock trades near its 52-week low, offering potential upside to the target.

Fitch Ratings revised Flagstar Bank's outlook to negative from stable, citing deteriorating credit quality and lowered earnings guidance. The agency affirmed its 'BB+' rating, noting strong capital buffers and balance-sheet derisking. Flagstar reported weak Q3 performance with elevated credit costs and asset quality concerns, particularly in commercial real estate. The bank reduced its real estate concentrations and paused share repurchases. Flagstar's Common Equity Tier 1 ratio is 12.4%.

Wall Street ended lower due to oil surge and AI spending concerns. Manhattan Associates (MANH) hit a 52-week high, with mixed analyst ratings. Etsy (ETSY) and Biogen (BIIB) were upgraded, while Werner (WERN) and Zoetis (ZTS) were downgraded. Mobileye (MBLY) and AST SpaceMobile (ASTS) saw split analyst verdicts. Market rotation favored earnings-driven stocks.

Flagstar Bank (FLG) reported a $76M provision expense in Q3, citing higher rates and inflation pressuring debt-service coverage. C&I loans grew by $2B, while CRE exposure declined. Deposits rose by $300M, but deposit growth assumptions were reduced due to competition. Net charge-offs were $74M, down from the previous quarter. The bank expects nonaccrual loans to decline to $2B by 2027 and completed a $250M share repurchase program.

Jim Cramer expressed concerns about Flagstar Bank (FLG) on Mad Money, citing potential deposit outflows due to technology. Despite this, FLG reported Q2 deposit growth of $689M, profitability, and a $250M share buyback. Non-accrual loans increased by 5%.

Arbor Realty Trust (NYSE:ABR) reported $115.9M revenue, down 11.1% YoY, beating estimates. Stock fell 27.1% to $3.49. Flagstar Financial (NYSE:FLG) reported $512M revenue, up 3.2% YoY, missing estimates. Stock dropped 20.6% to $11.68. Northwest Bancshares (NASDAQ:NWBI) reported $180.8M revenue, up 20.2% YoY, beating estimates. Stock declined 2.4% to $15.04. PennyMac Financial (NYSE:PFSI) reported $565.8M revenue, up 5.4% YoY, missing estimates. Stock fell 26.8% to $62.98.

Flagship Minerals (FLG) has defined an Exploration Target of 22-40 million tonnes at 0.15-0.30% WO3 across five zones at its Khao Soon project in Thailand, based on drilling and geochemical data. The company is considering selling, spinning out, or joint venturing the project, which is adjacent to a historical mine. FLG aims to use potential proceeds to fund other initiatives, including the Isidora gold project.

Flagstar Financial (NYSE:FLG) reported Q2 revenues of $512M, up 3.2% YoY but missing estimates by 5.8%. The stock fell 6.3% post-earnings. Ellington Financial (NYSE:EFC) beat expectations with $123.1M in revenue, up 33.1% YoY, and its stock rose 3.6%. Rocket Companies (NYSE:RKT) reported $2.76B in revenue, up 92.9% YoY but missing estimates by 2.7%, with its stock up 5.9%. The thrifts & mortgage finance sector saw a 3.4% revenue miss and a 2.3% average stock decline.

Simply Wall St says Flagstar Bank completed an operating model update by expanding leadership, appointing new regional heads for private banking in the Southeast and West, and launching Flagstar Insurance Agency Inc. and Flagstar Guided Portfolio Solutions. The article links these moves to deepening affluent client relationships and adds forecasts of $3.6B revenue and $1.4B earnings by 2029.

Flagstar Bank (NYSE:FLG) reported Q2 2026 net income of $34 million versus a year-ago loss, issued 2026-2027 earnings guidance, and declared quarterly dividends on common and preferred stock. The bank authorized up to $250 million in share repurchases over 12 months, citing a shift from commercial real estate toward commercial and industrial lending. The article also cites 2029 revenue of $3.6 billion and earnings of $1.4 billion.