XML 96 R32.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Parent Company-Only Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Parent Company-Only Financial Information | Parent Company-Only Financial Information The following tables present the condensed financial statements for Flagstar Financial, Inc. (Parent Company only): Condensed Statements of Condition
| December 31,
(in millions) | 2024 |  | 2023
ASSETS: |  |  |
Cash and cash equivalents | $ | 579 |  |  | $ | 158 |
Investments in subsidiaries | 8,580 |  |  | 9,160 |
Other assets | 49 |  |  | 80 |
Total assets | $ | 9,208 |  |  | $ | 9,398 |
LIABILITIES AND STOCKHOLDERS’ EQUITY: |  |  |
Junior subordinated debentures | $ | 582 |  |  | $ | 579 |
Subordinated notes | 443 |  |  | 438 |
Other liabilities | 14 |  |  | 14 |
Total liabilities | $ | 1,039 |  |  | $ | 1,031 |
Stockholders’ equity | $ | 8,169 |  |  | $ | 8,367 |
Total liabilities and stockholders’ equity | $ | 9,208 |  |  | $ | 9,398 |
Condensed Statements of Income
| Years Ended December 31,
(in millions) | 2024 |  | 2023 |  | 2022
Interest income | $ | 1 |  |  | $ | — |  |  | $ | — |
Dividends received from subsidiaries | 67 |  |  | 580 |  |  | 335 |
Other income | 1 |  |  | 2 |  |  | 160 |
Gross income | $ | 69 |  |  | $ | 582 |  |  | $ | 495 |
Interest expense | 88 |  |  | 82 |  |  | 41 |
Operating expenses | 38 |  |  | 26 |  |  | 14 |
Income before income tax benefit and equity in undistributed (loss) earnings of subsidiaries | $ | (57) |  |  | $ | 474 |  |  | $ | 440 |
Income tax (benefit)/expense | (25) |  |  | (25) |  |  | (14) |
Income before equity in undistributed (loss) earnings of subsidiaries | $ | (32) |  |  | $ | 499 |  |  | $ | 454 |
Equity in undistributed (loss) earnings of subsidiaries | (1,086) |  |  | (578) |  |  | 196 |
Net (loss) income | $ | (1,118) |  |  | $ | (79) |  |  | $ | 650 |
Condensed Statements of Cash Flows
| Years Ended December 31,
(in millions) | 2024 |  | 2023 |  | 2022
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net (loss) income | $ | (1,118) |  |  | $ | (79) |  |  | $ | 650 |
Change in other assets | 1 |  |  | 30 |  |  | (3) |
Change in other liabilities | — |  |  | 6 |  |  | (4) |
Other, net | 16 |  |  | 65 |  |  | (130) |
Equity in undistributed loss (earnings) of subsidiaries | 1,086 |  |  | 578 |  |  | (196) |
Net cash (used in) provided by operating activities | $ | (15) |  |  | $ | 600 |  |  | $ | 317 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Cash acquired in business acquisition | $ | — |  |  | $ | — |  |  | $ | 34 |
Equity investment in bank subsidiary | (500) |  |  | — |  |  | — |
Change in receivable from subsidiaries, net | 30 |  |  | (32) |  |  | 5 |
Net cash (used in) provided by investing activities | $ | (470) |  |  | $ | (32) |  |  | $ | 39 |
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |
Treasury stock repurchased | $ | (11) |  |  | $ | (12) |  |  | $ | (24) |
Cash dividends paid on common and preferred stock | (88) |  |  | (519) |  |  | (350) |
Proceeds from common stock and warrants issued | 1,004 |  |  | — |  |  | — |
Proceeds from preferred stock issued | 1 |  |  | — |  |  | — |
Net cash used in financing activities | $ | 906 |  |  | $ | (531) |  |  | $ | (374) |
Net increase (decrease) in cash and cash equivalents | $ | 421 |  |  | $ | 37 |  |  | $ | (18) |
Cash and cash equivalents at beginning of year | 158 |  |  | 121 |  |  | 139 |
Cash and cash equivalents at end of year | $ | 579 |  |  | $ | 158 |  |  | $ | 121 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration