7/108 sources · 5 publishersUpdated Oct 23, 12:05 UTC
Flagstar Bank posts Q3 2026 earnings miss and shares slide
Flagstar Bank reported third‑quarter 2026 net income of $3 million, or $0.01 per diluted share, down from $26 million, $0.06 per share in the prior quarter. Net interest income rose 5% to $460 million and the net interest margin increased four basis points to 2.17%, but the provision for credit losses grew $58 million to $76 million. Revenue of $530 million missed consensus estimates, and the bank’s shares fell about 5% in pre‑market trading.
Why it matters
Investors saw the earnings and revenue shortfalls trigger a 5.07% drop in FLG’s share price, as noted by the market reaction in material 6.
Key facts
- 1Third‑quarter 2026 net income was $3 million, or $0.01 per diluted share. prnewswire.com
- 2Net interest income increased $20 million, or 5%, to $460 million. sec.gov
- 3Net interest margin rose four basis points to 2.17%. sec.gov
- 4Provision for credit losses increased $58 million to $76 million. investing.com
- 5Revenue totaled $530 million, missing the consensus estimate of $545.77 million. investing.com
- 6Shares fell 5.07% in pre‑market trading after the release. investing.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.