Flagstar Bank authorizes $250M stock buyback over 12 months

Flagstar Bank, N.A. (NYSE: FLG) said its Board of Directors has authorized a share repurchase program allowing the bank to buy back up to $250 million of its outstanding common stock over the next 12 months, according to a press release issued July 24, 2026.

Repurchases may be conducted through open-market purchases, including under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. The timing and amount of any repurchases will depend on factors including the bank's capital position, financial performance, regulatory considerations, and general market conditions.

The program does not obligate the bank to acquire any specific number of shares and may be modified, suspended, or discontinued at any time without prior notice.

Joseph M. Otting, Executive Chairman and Chief Executive Officer, said the program "reflects the meaningful progress we have made in executing our strategic plan, the strength of the balance sheet, and Flagstar's long-term growth prospects."

As of June 30, 2026, Flagstar Bank reported $87.7 billion in assets, $61.2 billion in loans, $67.5 billion in deposits, and $8.1 billion in total stockholders' equity. The bank operates approximately 340 locations across nine states and is headquartered in Hicksville, New York.

You May Also Be Interested In

• Evolution Petroleum launches stock offering to fund Permian Basin deal
• Allied Gold appoints Joanna Pearson to its board of directors
• Curaleaf launches hostile takeover bid for Aurora Cannabis at $4/share