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Parent Company-Only Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Statements of Condition | 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 |
Schedule of Condensed Statements of Income | 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 |
Schedule of Condensed Statements of Cash Flows | 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 |

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