Flagstar Bank targets FY28 adjusted EPS $1.60-$1.70, sets NII and margin guidance

Flagstar Bank set multi-year targets including FY28 adjusted EPS of $1.60-$1.70, FY26 NII of $1.815B-$1.830B, FY27 NII of $2.2B-$2.3B and FY28 NII of $2.6B-$2.7B, with FY28 net interest margin of 2.85%-2.95% and provision for credit losses of $150M-$200M. The bank said a competitive deposit environment is impacting pricing and growth expectations.

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