Flagstar Bank, National Association (FLG) Non Operating Interest Expenses (2009 - 2024)
Flagstar Bank, National Association's (FLG) quarterly Non Operating Interest Expenses came in at $889.0 million in Q1 2024, up 85.59% on a YoY basis from $479.0 million in Q2 2023, and up 25.74% quarter-over-quarter from $707.0 million in Q4 2023.
Analysis
Flagstar Bank, National Association (FLG) Non Operating Interest Expenses (2009 - 2024) Analysis & Trends
Flagstar Bank, National Association (FLG) has reported Non Operating Interest Expenses for 16 consecutive years, with $889.0 million the latest figure, recorded in Q1 2024.
- For the quarter ending Q1 2024, Non Operating Interest Expenses rose 85.59% year-over-year to $889.0 million; the trailing twelve-month figure through Mar 2024 stood at $2.8 billion (up 161.97% YoY), and the FY2023 full-year result was $2.4 billion, up 246.84% from the prior year.
- Non Operating Interest Expenses rose to $889.0 million in Q1 2024 per FLG's latest filing, from $707.0 million in the prior quarter.
- Across five years, Non Operating Interest Expenses topped out at $889.0 million in Q1 2024 and bottomed at $97.0 million in Q3 2021.
- Historically, Non Operating Interest Expenses has averaged $294.5 million across 5 years, with a median of $157.0 million in 2020.
- The sharpest annual moves came in 2021 and 2023: Non Operating Interest Expenses tumbled 46.59% in 2021, then soared 424.56% in 2023.
- Over 5 years, Non Operating Interest Expenses stood at $118.0 million in 2020, then dropped by 16.95% to $98.0 million in 2021, then surged by 208.16% to $302.0 million in 2022, then soared by 134.11% to $707.0 million in 2023, then grew by 25.74% to $889.0 million in 2024.
- According to Business Quant data, Non Operating Interest Expenses over the past three periods registered $889.0 million, $707.0 million, and $630.0 million for Q1 2024, Q4 2023, and Q3 2023 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 448.38 Bn | 568.32 Bn | - | -467.75 Bn |
| 2 | Truist Financial | 63.10 Bn | 63.10 Bn | - | 224.00 Mn |
| 3 | Fifth Third Bancorp | 49.74 Bn | 26.02 Bn | - | - |
| 4 | M&T Bank | 34.66 Bn | 34.66 Bn | - | - |
| 5 | Huntington Bancshares | 34.41 Bn | 29.92 Bn | - | - |
| 6 | Citizens Financial | 29.91 Bn | 29.91 Bn | - | - |
| 7 | Regions Financial | 25.92 Bn | 25.99 Bn | - | - |
| 8 | Keycorp | 23.68 Bn | -24.02 Bn | - | - |
| 9 | First Citizens Bancshares | 22.94 Bn | 22.41 Bn | 29.00 Mn | - |
| 10 | Flagstar Bank, National Association | 5.63 Bn | 5.63 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 889.00 Mn |
| Dec 31, 2023 | 707.00 Mn |
| Sep 30, 2023 | 630.00 Mn |
| Jun 30, 2023 | 598.00 Mn |
| Mar 31, 2023 | 479.00 Mn |
| Dec 31, 2022 | 302.00 Mn |
| Sep 30, 2022 | 183.00 Mn |
| Jun 30, 2022 | 114.00 Mn |
| Mar 31, 2022 | 97.00 Mn |
| Dec 31, 2021 | 98.00 Mn |
| Sep 30, 2021 | 97.00 Mn |
| Jun 30, 2021 | 100.00 Mn |
| Mar 31, 2021 | 105.00 Mn |
| Dec 31, 2020 | 118.00 Mn |
| Sep 30, 2020 | 136.00 Mn |
| Jun 30, 2020 | 157.00 Mn |
| Mar 31, 2020 | 196.58 Mn |
| Dec 31, 2019 | 208.45 Mn |
| Sep 30, 2019 | 218.64 Mn |
| Jun 30, 2019 | 216.06 Mn |