Flagstar Bank Announces $250 Million Share Repurchase Program
Flagstar Bank, N.A. has announced its Board of Directors has authorized a new common stock repurchase program. The bank may buy back up to $250 million of its outstanding shares over the next 12 months. The program reflects the bank's strong capital position.
Flagstar Bank, N.A. has announced its Board of Directors has authorized a new common stock repurchase program. Under the program, the bank may repurchase up to $250 million of its outstanding common stock over the next 12 months.
The company stated that the repurchase program reflects the meaningful progress made in executing its strategic plan, the strength of its balance sheet, and its long-term growth prospects. Flagstar Bank has maintained capital levels well above regulatory requirements and views the program as a disciplined use of excess capital.
Repurchases may be executed through open-market transactions, potentially including purchases under a 10b5-1 trading plan, or through privately negotiated transactions. The timing and volume of repurchases will depend on various factors, including stock availability, the bank's capital position and financial performance, and market conditions.
Flagstar Bank, N.A. is one of the largest regional banks in the United States. As of June 30, 2026, the bank reported total assets of $87.7 billion. It operates approximately 340 locations across nine states.