Flagstar Bank: Back-To-Back Profitability And Credit Rating Upgrade
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Pacifica Yield13.93K FollowersFollow5ShareSavePlay(6min)CommentsFollow us on Google for the latest stock newsFollow Seeking Alpha on Google for the latest stock newsSummaryFlagstar Bank has seen two consecutive quarters of positive non-GAAP profits and recently received a Fitch credit rating upgrade to "BB".FLG is trading at a discount to tangible book value and well below all-time highs, despite rising deposits and improved credit quality.Strategic portfolio shifts include reducing CRE exposure and expanding commercial and industrial lending, with deposits rising 1.3% sequentially to reach $66.8 billion. RiverNorthPhotography/iStock Unreleased via Getty Images Flagstar Bank's (FLG) rally could be set to continue on the back of a second consecutive quarter of positive non-GAAP profits, a credit rating upgrade from Fitch, and a growing deposit base. FLG reported fiscal 2026This article was written byPacifica Yield13.93K FollowersFollowThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and green energy firms.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.