FLGFLAGSTAR BANK, NATIONAL ASSOCIATION
Savings Institutions, Not Federally Chartered
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $2.5B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired226% of revenueOver 10% of revenue
- Payouts exceed cash flowClear-8% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $23M | $27M | — | — | — | |
| Net income | $596M | $650M | −$79M | −$1.1B | −$177M | 84% |
| Operating cash flow | $290M | $1.0B | $263M | $86M | −$181M | 310% |
| Stock-based comp | $31M | $29M | $47M | $54M | $61M | 13% |
| Buybacks | $0 | $7M | $0 | $0 | — | |
| Dividends | $316M | $317M | $486M | $53M | $15M | 72% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $101K · 1
- Open-market sells, 12 mo
- $0 · 0
- Net
- $101K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $8M | $22M | 49 | 211 |
| FY2024 | — | — | 36 | 165 |
| FY2023 | — | — | 117 | 123 |
| FY2022 | — | — | 92 | 113 |
| FY2021 | — | — | 123 | 136 |