Pricing and mixmixed · 1 filings
“This method estimated the fair value by discounting the present value of the expected cost savings attributable to the core deposit funding, relative to an alternative source of funding.”10-K · Feb 27, 2026 ↗
Flagstar Bank, National Association
FLG
Market read
Flagstar Bank, National Association's move is spreading beyond its market group.
FLG accounts for 12.2% of the group's measured movement across 8.6 effective names. all 9 measured members are rising in raw terms, but 9 of 9 SPY-adjusted paths align to the upside. Capital-flow agreement is 26%, so confirmation is not yet clean. No verified headline preceded the measured group move.
MOVE ANATOMY
SPY-adjusted 5m pathsIs this move genuinely shared?
Role in the moveAligned contributor#3 of 9 by movement share
Group movement share12.2%Absolute path energy—not portfolio weight
Relative path+2.06%aligned
Effective breadth8.6 / 9broad
Relative alignment9/9upside path · 0 counter-moving
Capital-flow agreement26%not yet clean
SEQUENCE READ
PFS, PEBO, TFSL moved materially before FLG. FLG crossed its material path threshold at 15:35 ET, 305 minutes after the first measured mover.
EVIDENCE COVERAGE
8 of 9 members in Regional Banks are active. 0 of 1 disclosed connections are confirming.
What would change this read
Watch this read- At least 6 of 9 members remain active in the next snapshot.
- Capital-flow agreement rises above 55%.
- HFWA remains aligned with the group in the next market snapshot.
Invalidation: The live read weakens if participation falls to 3 of 9 members or fewer.
Research brief
The story so far
FLG accounts for 12.2% of the group's measured movement across 8.6 effective names. all 9 measured members are rising in raw terms, but 9 of 9 SPY-adjusted paths align to the upside. Capital-flow agreement is 26%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- At least 6 of 9 members remain active in the next snapshot.
- Capital-flow agreement rises above 55%.
- HFWA remains aligned with the group in the next market snapshot.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations342
Usable filing statements20
Verified relationships2
Evidence supporting the case
- Latest annual revenue changed +17.4% year over year.
- Operating cash flow covered net income at 1.58x in the latest annual period.
Evidence challenging the case
- Net margin changed -183.9 percentage points in the latest annual period.
Questions before a position
- P/E is 81% below the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 1442% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Oct 1, 2026
11.706m-12.5%12m+1.3%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2018-12-31$29.8M-6.3%$0.79+0.0%
2019-12-31$29.0M-2.6%$0.77-4.4%
2020-12-31$22.0M-24.1%$1.02-0.5%
2021-12-31$23.0M+4.5%$1.20+0.3%
2022-12-31$27.0M+17.4%$3.77—
What management says matters
Persistent and emerging business drivers
Valuation discipline
Descriptive valuation snapshot
Price/sales 70.1× · EV/sales 784.9×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
11.70+0.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for FLG. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for FLG. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind FLG
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
TBBKThe Bancorp, Inc.partnerFeb 27, 2026 ▾
“Federal Home Loan Bank System The Bank is an active member of the FHLB-NY and continues to be a non-member participant of the FHLB-Indianapolis from advance activity pre-dating the merger of the Bank and Flagstar Bancorp.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
FLG is currently a Participant in the organic co-movement group Regional Banks. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.