Flagstar Financial said on Thursday it expects to turn profitable in the fourth quarter of 2025, in a sign that the lender's ...

Flagstar's reported losses of 34 cents per share were better than analyst expectations. JPMorgan Chase forecast earnings per ...

Flagstar Financial, formerly New York Community Bank, reported a 500 percent increase in past due multifamily debts as it ...

The bank also aims to shutter 20 private-client retail locations as part of its efforts to cut $600 million in costs in 2025, ...

The Long Island-based company, which is in the middle of a makeover, saw its stock price rise sharply after reporting a net ...

Flagstar Financial reported a smaller fourth-quarter loss as credit provisions declined, boosting its stock. Under CEO Joseph Otting, the bank has been diversifying its portfolio to reduce exposure to ...

Q4 2024 Earnings Call Transcript January 30, 2025 Operator: Hello and thank you for standing by. My name is Regina and I will be your conference operator today. At this time I would like to welcome ...

CFO Lee Smith stated, "We are planning to reduce operating expenses by $600 million, or 23%, by the end of 2025," focusing on compensation, vendor spending, and real estate optimization. Smith also ...

Flagstar Financial shares rose 17% after the company said losses narrowed for the quarter and outlined a path to profitability this year. The Hicksville, N.Y.-based bank posted a loss of $160 million ...

Flagstar Financial is projecting profitability by Q4 2025, despite market fluctuations. CEO Joseph Otting emphasizes strategic planning, while CFO Lee Smith explores loan sales and portfolio growth.

Lee Smith; Senior Executive Vice President and Chief Financial Officer; Flagstar Financial Inc Mark Fitzgibbon; Analyst; Piper Sandler & Co. Jared Shaw; Analyst; Barclays Christopher Marinac; Analyst; ...