Flagstar Bank NA - Company Profile
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Flagstar Bank NA, formerly Flagstar Financial Inc. (Flagstar), is a bank holding company that provides a range of financial services. The company's main activities include offering banking, lending, and wealth management solutions. Flagstar's major products and services encompass checking and savings accounts, debit and credit cards, home loans, and business banking solutions. The company serves individual customers, small businesses, and commercial clients, providing tailored financial solutions across various sectors. Flagstar operates through a network of branches and ATMs, facilitating access to its services. The company targets markets across the US, focusing on delivering comprehensive financial services. Flagstar is headquartered in Hicksville, New York, the US.
Headquarters
United States of America
Address
102 Duffy Ave, Hicksville, New York, 11801
Website
www.flagstar.com
No of Employees
5,631
Industry
Financial Services
Ticker Symbol & Exchange
FLG (NYSE)
Revenue (2024)
$4.8B
-24.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
84.2%
(2024 vs 2023)
Market Cap*
$5.6B
Net Profit Margin (2024)
XYZ
79.1%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts and Deposits: | Small Business Online Banking | Flagstar Bank |
| Checking Accounts | Cash Management | |
| Savings Accounts | Investment Services | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In August, the company announced that Finxact was selected by Flagstar as the cornerstone of the bank’s core modernization strategy. |
| 2026 | Corporate Changes/Expansions | In April, the company opened its new Private Client Office at 300 California Street in San Francisco, the US. |
| 2024 | Divestiture | In November, the company sold the residential mortgage servicing business to Mr. Cooper, a non-bank mortgage originator and servicer for US$1.3 billion. |
Competitor Comparison
| Key Parameters | Flagstar Bank NA | First Citizens BancShares Inc | Fifth Third Bancorp | Citizens Financial Group Inc | First Horizon Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Hicksville | Raleigh | Cincinnati | Providence | Memphis |
| State/Province | New York | North Carolina | Ohio | Rhode Island | Tennessee |
| No. of Employees | 5,631 | 17,876 | 25,197 | 17,727 | 7,422 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Joseph M. Otting | Chairman; Chief Executive Officer; President | Executive Board | 2024 | 68 |
| Lee M. Smith | Senior Executive Vice President; Chief Financial Officer | Senior Management | 2024 | 51 |
| George F. Buchanan III | Chief Risk Officer; Executive Vice President | Senior Management | 2024 | 56 |
| Bao Nguyen | Senior Executive Vice President; General Counsel; Chief - Staff | Senior Management | 2024 | 44 |
| Colleen McCullum | Chief Audit Executive; Executive Vice President | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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