Flagstar Bank, N.a. · NYSE:FLG
Flagstar Bank, N.a — Flagstar Financial — Bank of America Securities 2025 Financial Services Conference
11 slides from Flagstar Bank, N.a's conference presentation, Feb 10, 2025
Slide 1: Bank of America Securities 2025 Financial Services Conference
Bank of America Securities 2025 Financial Services Conference February 11, 2025
Slide 2: Cautionary Statement
22025 Bank of America Financial Services Conference Cautionary Statement Forward-Looking Information This presentation and the associated conference call may include forward‐looking statements by the Company and our authorized officers pertaining to such matters as our goals, beliefs, intentions, an
Slide 3: Flagstar Financial, Inc. Overview
32025 Bank of America Financial Services Conference Flagstar Financial, Inc. Overview $100B Assets $76B Deposits $68B Loans HFI 1.78% Total ACL to LHFI 11.9% CET1 Ratio Branch Footprint • Over 400 branches with strong presence in the Northeast and Midwest and exposure to high growth markets in the S
Slide 4: Loans and Deposits Overview
42025 Bank of America Financial Services Conference Multi-Family $32.1 47% C&I $15.4 22% CRE $11.8 17% 1-4 Family $5.2 8% Co-op $2.0 3% Other $1.8 3% Loans and Deposits Overview Total Loans HFI at 12/31/2024 $68.3 Billion Total Deposits at 12/31/2024 $75.9 Billion Well diversified and retail-concent
Slide 5: Our Five Areas of Strategic Focus
52025 Bank of America Financial Services Conference Our Five Areas of Strategic Focus Long-Term Targets Strategic Update ▪ Top quartile CET1 capital ratio of 11.9%; above our long-term target range ▪ On track to reach profitability by full year 2026 forecast ▪ Decreased provision for credit losses d
Slide 6: 2024 Accomplishments and Management Focus Areas in 2025
62025 Bank of America Financial Services Conference Improve Earnings Profile ▪ NIM expansion | downward deposit repricing ▪ Moderating credit costs ▪ Reduce operating expenses(1) by almost $600 million, or 23%, through operational efficiencies Execute on C&I and Private Bank Growth Initiatives ▪ Gro
Slide 7: Commercial Banking Overview
72025 Bank of America Financial Services Conference Commercial Banking Overview DepositsCommercial Loans ◼ Relationship-focused commercial and corporate banking model, with industry expertise and fast decisioning as key competitive differentiators ◼ Full scale of products and services, including tre
Slide 8: Enterprise Goals Guided by Core Principles
82025 Bank of America Financial Services Conference Enterprise Goals Guided by Core Principles of Strength, Stability, and Service Enterprise Goals ▪ Provide exceptional service and traditional and targeted products ▪ Improve stakeholder relationships ▪ Build profitable, lasting customer relationshi
Slide 9: 2024 Forecast vs Actuals
92025 Bank of America Financial Services Conference ($ in millions, except per share data) 2024 Flagstar Forecast 2024 Actuals Status Diluted Core EPS(1) ($3.10 – 3.00) ($2.66) ✓ Efficiency Ratio(2) 95 – 100% 94% ✓ CET1 Ratio 10.75 – 11.00% 11.86% ✓ TBV Per Share(3) $17.50 – 18.00 $17.36 ✓ Net Inter
Slide 10: Forecast 2025 - 2027
102025 Bank of America Financial Services Conference 2025 2026 2027 Diluted Core EPS(1) ($0.25 - $0.30) $0.75 – $0.80 $2.10 –$2.20 Efficiency Ratio(2) 85 – 90% 65 – 70% ~50% CET1 Ratio 10.50 – 11.00% 10.00 – 10.50% 10.25 – 10.75% ROAA NM 0.30 – 0.40% 0.90 – 1.00% ROATCE NM 4.50 – 5.00% 12.50 – 12.75
Slide 11: Investment Profile
112025 Bank of America Financial Services Conference Investment Profile ◼ FLG currently trades at approximately 0.73x of tangible book value, compared to 1.86x or Category IV banks and 1.78x for banks with assets between $50 - $100 billion ◼ Q4’24 TBV Per Share: $17.36 ◼ Q4’24 TBV: $7.2 billion ◼ As
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