Flagstar Cuts 2027 Adjusted EPS Outlook, Pushes Long-Term Objectives to 2028

Flagstar Bank, N.A. cut its 2027 diluted adjusted EPS forecast to $0.85-$0.95 from $1.60-$1.70 and shifted the full realization of its long-term objectives to 2028 amid higher rates and credit costs. The bank’s new 2028 diluted adjusted EPS forecast is $1.60-$1.70. Its 2026 forecast is $0.10-$0.15, down from $0.40-$0.50. Flagstar also raised its 2027 provision-for-loan-losses outlook to $175 million-$225 million, compared with the previous $100 million-$150 million range. Its 2026 provision forecast is $160 million-$170 million, versus $90 million-$140 million previously. Flagstar tied the outlook changes to higher-for-longer interest rates and their effects on credit costs.

Source: TokenPost