FLG•Flagstar Bank reported third-quarter 2026 net income of $12 million, down 65% from the prior quarter; net income attributable to common stockholders fell 88% to $3 million. Net interest income rose 5% to $460 million, while the provision for credit losses increased to $76 million.
Flagstar Bank’s third-quarter 2026 net income attributable to common stockholders fell 88% from the previous quarter to $3 million, while net interest income rose 5% to $460 million. The provision for credit losses increased to $76 million, primarily due to higher interest rates; commercial and industrial loans climbed 11% to $20.6 billion.
Management pushed full realization of its long-term strategic objectives to 2028 from 2027 due to higher-for-longer interest rates.
