FLAGSTAR BANK, NATIONAL ASSOCIATION
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.06B | $2.55B | $5.76B | $27.0M | $23.0M | $22.0M | $29.0M | $29.8M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $307.0M | $513.0M | $389.0M | $158.0M | $127.0M | $124.0M | $120.0M | $129.0M |
| Operating Income | $-198.0M | $-1.38B | $2.36B | $1.52B | $1.21B | $1.20B | $1.37B | $1.22B |
| Operating Margin | -9.6% | -54.0% | 41.0% | 5,637.0% | 5,243.5% | 5,436.4% | 4,727.6% | 4,086.5% |
| Interest Expense | — | — | $2.41B | $696.0M | $400.0M | $608.0M | $848.0M | $658.7M |
| Pretax Income | $-198.0M | $-1.38B | $-50.0M | $826.0M | $806.0M | $588.0M | $523.0M | $557.7M |
| Income Tax Expense | $-21.0M | $-260.0M | $29.0M | $176.0M | $210.0M | $77.0M | $128.0M | $135.3M |
| Net Income | $-177.0M | $-1.12B | $-79.0M | $650.0M | $596.0M | $511.0M | $395.0M | $422.4M |
| Net Margin | -8.6% | -43.8% | -1.4% | 2,407.4% | 2,591.3% | 2,322.7% | 1,362.1% | 1,419.2% |
| EPS (Basic) | $-0.50 | $-3.49 | $-0.49 | $3.78 | $1.20 | $1.02 | $0.77 | $0.79 |
| EPS (Diluted) | $-0.50 | $-3.49 | $-0.49 | $3.77 | $1.20 | $1.02 | $0.77 | $0.79 |
| Shares Outstanding (Basic) | 415.3M | 330.7M | 237.9M | 161.2M | 463.9M | 462.6M | 465.4M | 487.3M |
| Shares Outstanding (Diluted) | 415.3M | 330.7M | 237.9M | 161.7M | 464.6M | 463.3M | 465.7M | 487.3M |
| Dividends Per Share | $0.04 | $0.20 | $2.04 | $2.04 | $0.68 | — | — | — |