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BRIEF-Flagstar CEO Says Projecting Profitability In Q4 '25 - Conf Call

ReutersJan 30, 2025 2:24 PM

- Flagstar Financial FLG.N:

  • FLAGSTAR FINANCIAL CEO JOSEPH OTTING SAYS PROJECTING PROFITABILITY IN Q4 2025 - CONF CALL

  • FLAGSTAR CFO LEE SMITH SAYS BANK WILL CONTINUE TO BE OPPORTUNISTIC AND EXPLORE ALL OPTIONS, INCLUDING LOAN SALES TO REDUCE CRE EXPOSURE

  • FLAGSTAR CFO SAYS BANK SOLD LARGEST OFFICE LOAN EXPOSURE IN Q4

  • FLAGSTAR CFO SAYS WILL CONTEMPLATE GROWING SECURITIES PORTFOLIO

  • FLAGSTAR CFO SAYS 2025 EARNINGS FORECAST ASSUMED THREE RATE CUTS, BUT TWO CUTS WOULD NOT IMPACT IT MATERIALLY

  • FLAGSTAR CFO SAYS WEIGHING REDUCING BROKERAGE CERTIFICATES OF DEPOSIT IN Q1

  • FLAGSTAR CFO SAYS BANK HAS NOT BEEN RETAINING 20% TO 25% OF HIGH-COST CERTIFICATES OF DEPOSIT THAT MATURE

  • FLAGSTAR CEO SAYS OVERALL HEADCOUNT OF THE BANK HAS GONE TO 6,000 FROM 9,000

  • FLAGSTAR CFO SAYS NON-INTEREST BEARING DEPOSIT LEVELS EXPECTED TO STAY SAME

  • FLAGSTAR CFO SAYS BALANCE SHEET MAY COME DOWN ANOTHER $2 BILLION

Further company coverage: FLG.N

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