Professional
Added to YB: 2025-07-15
Pitch date: 2025-07-10
FLG [neutral]
Flagstar Bank, National Association
+17.12%
current return
Author Info
No bio for this author
Company Info
Flagstar Bank, National Association provides banking products and services in the United States. The company’s deposit products include interest-bearing checking and money market, savings, and non-interest-bearing accounts, as well as certificates of deposit.
Market Cap
$5.9B
Pitch Price
$11.41
Price Target
28.20 (+111%)
Dividend
0.28%
EV/EBITDA
N/A
P/E
-27.91
EV/Sales
N/A
Sector
Banks
Category
turnaround
Black Bear Value Partners Portfolio Holding: Flagstar Financial, Inc.
FLG (holding update): Restructured former NY Community Bank w/ $1B+ capital raise led by Mnuchin. Superstar CEO Otting, conservative loan reserves unlike SHORT candidates. Q1'25 NIM stabilized at 1.74%, costs -20% YoY, loan commitments +32%, CET1 11.9%. Trading 60% of conservative TBV vs peers at 140-160%. Profitability by end-2025, 50-150% upside over 1-3 years.
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