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FLAGSTAR FINANCIAL, INC. DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON STOCK AND PREFERRED STOCKS
FLGFlagstar Financial, lnc.(FLG) Prnewswire·2025-01-31 21:30

Core Viewpoint - Flagstar Financial, Inc. has declared a quarterly cash dividend of 0.01pershareonitscommonstock,payableonMarch17,2025,tostockholdersofrecordasofMarch7,2025[1]Group1:CompanyOverview−FlagstarFinancial,Inc.istheparentcompanyofFlagstarBank,N.A.,oneofthelargestregionalbanksintheUnitedStates,headquarteredinHicksville,NewYork[2]−AsofDecember31,2024,thecompanyreportedtotalassetsof0.01 per share on its common stock, payable on March 17, 2025, to stockholders of record as of March 7, 2025 [1] Group 1: Company Overview - Flagstar Financial, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the United States, headquartered in Hicksville, New York [2] - As of December 31, 2024, the company reported total assets of 100.2 billion, loans amounting to 69.2billion,depositsof69.2 billion, deposits of 75.9 billion, and total stockholders' equity of 8.2billion[2]Group2:OperationsandMarketPresence−FlagstarBankoperates418branches,withastrongpresenceintheNortheastandMidwest,andlocationsinhigh−growthmarketsintheSoutheastandWestCoast[3]−Thebankhasapproximately80privatebankingteamsacrossover10citiesinthemetropolitanNewYorkCityregionandontheWestCoast,cateringtohigh−net−worthindividualsandtheirbusinesses[3]Group3:DividendInformation−ThecompanydeclaredaquarterlycashdividendonitsFixed−to−FloatingRateNoncumulativePerpetualPreferredStock,SeriesA,atarateof8.2 billion [2] Group 2: Operations and Market Presence - Flagstar Bank operates 418 branches, with a strong presence in the Northeast and Midwest, and locations in high-growth markets in the Southeast and West Coast [3] - The bank has approximately 80 private banking teams across over 10 cities in the metropolitan New York City region and on the West Coast, catering to high-net-worth individuals and their businesses [3] Group 3: Dividend Information - The company declared a quarterly cash dividend on its Fixed-to-Floating Rate Noncumulative Perpetual Preferred Stock, Series A, at a rate of 15.94 per preferred share, equating to 0.3984foreachdepositaryshare[6]−Aquarterlycashdividendof0.3984 for each depositary share [6] - A quarterly cash dividend of 3.3333 per share was declared for its Series B Noncumulative Convertible Preferred Stock, and for its Series D Non-Voting Common Equivalent Stock, payable on March 17, 2025, to holders of record as of March 7, 2025 [6]