Flagstar (FLG) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Fri, April 24, 2026 astatine 9:06 AM CDT 55 min read

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Friday, April 24, 2026 astatine 8:00 a.m. ET

• Chairman, President and Chief Executive Officer — Joseph M. Otting

• Senior Executive Vice President and Chief Financial Officer — Lee Matthew Smith

• Director of Investor Relations — Salvatore J. DiMartino

Operator: Hello, and convey you for lasting by. My sanction is Regina, and I volition beryllium your league relation today. At this time, I would similar to invited everyone to the Flagstar Financial, Inc. First Quarter 2026 Earnings Conference Call. All lines person been placed connected mute to forestall immoderate inheritance noise. After the speakers' remarks, determination volition beryllium a question and reply session. If you would similar to inquire a question during this time, simply property prima past the fig 1 connected your telephone keypad. To retreat your question, property prima 1 again. I would present similar to crook the league implicit to Salvatore J. DiMartino, Director of Investor Relations. Please spell ahead.

Salvatore J. DiMartino: Thank you, Regina, and bully morning, everyone. Welcome to Flagstar Financial, Inc.'s First Quarter 2026 Earnings Call. This morning, our Chairman, President and CEO, Joseph M. Otting on with the company's Senior Executive Vice President and Chief Financial Officer, Lee Matthew Smith, volition sermon our results for the quarter. During the call, we volition beryllium referring to a presumption which provides further item connected our quarterly results and operating performance. Both the net presumption and the property merchandise tin beryllium recovered connected the Investor Relations conception of our institution website ir.flagstar.com.

Also, earlier we begin, I would similar to punctual everyone that definite comments made contiguous by the absorption squad of Flagstar Financial, Inc. whitethorn see forward-looking statements wrong the meanings of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements we marque are taxable to the harmless harbor rules. Please reappraisal the forward-looking disclaimer and harmless harbor connection successful today's property merchandise and presumption for much accusation astir risks and uncertainties which whitethorn impact us. Additionally, erstwhile discussing our results we volition notation definite non-GAAP measures, which exclude definite items from reported results. Please notation to today's net merchandise for reconciliation of these non-GAAP measures.

And with that, I would present similar to crook the telephone implicit to Mr. Otting. Joseph?

Joseph M. Otting: Thank you, Sal. Good morning, everyone, and invited to our archetypal 4th 2026 net league call. We are pleased to study different 4th of coagulated advancement and continued momentum crossed our halfway banking franchise. Our archetypal 4th show reflects continued improving fundamentals, beardown C&I growth, a precocious level successful maturation of halfway deposits, further advancement successful reducing the level of nonaccrual and criticized/classified loans, continued borderline expansion, and industry-leading superior levels. Just arsenic importantly, our archetypal 4th results show we are executing connected the strategy we laid retired 2 years ago, delivering against our priorities.