Commercial Banking - New credit commitments in Q1 2025 increased by 32% to $1,046 million[14] - New loan originations in Q1 2025 increased by 42% to $769 million[14] - Private Bank deposits totaled $17.9 billion, up $2.2 billion or 14% since March 31, 2024, with a WAC of 2.21%[15] - Commercial deposits totaled $4.2 billion with a WAC of 2.34%[15] - C&I loans HFI for Specialized Industries & Corporate/Regional Commercial Banking increased by $147 million, up 4.4% QoQ to $3,490 million as of March 31, 2025[21] Financial Performance - Reported net loss income attributable to common stockholders was $(108) million, or $(0.26) per diluted common share in 1Q 2025[25] - Adjusted net loss income attributable to common stockholders was $(94) million, or $(0.23) per diluted common share in 1Q 2025[25] - Adjusted operating expenses decreased by $136 million, or 22% linked year, and $71 million, or 13% linked quarter[40] Balance Sheet and Asset Quality - Wholesale borrowings to total assets decreased from 17.4% on December 31, 2023, to 13.5% on March 31, 2025[28] - Cash & Securities to Total Assets increased by 833 bps from 17.7% on December 31, 2023, to 26.1% on March 31, 2025[28] - Allowance for Credit Losses to LHFI increased by 59 bps from 1.23% on December 31, 2023, to 1.82% on March 31, 2025[28] - Criticized loans decreased by $885 million, or 6% quarter over quarter[70] - Total deposits decreased by $2.0 billion, or 2.6% quarter over quarter, primarily driven by $1.9 billion lower brokered deposits[45, 49] Forecast - The company projects net interest income between $1.825 billion and $1.875 billion for 2025[30]
Flagstar Financial, lnc.(FLG) - 2025 Q1 - Earnings Call Presentation