💨 Abstract

Flagstar Financial, Inc. (FLG) reported a $100 million loss in Q1 2025, with a loss of 26 cents per share. Adjusted for non-recurring costs and acquisition expenses, the loss was 23 cents per share, beating Wall Street expectations. The bank's revenue was $1.24 billion, but its revenue net of interest expense was $490 million, missing forecasts.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖