Flagstar Bank NA (NYSE:FLG) Friday reported its first-quarter results and revised its guidance for 2026 and 2027.

Here are the key analyst insights:

  • DA Davidson analyst Peter Winter reiterated a Buy rating, while raising the price target from $16 to $17.
  • JPMorgan analyst Anthony Elian maintained a Neutral rating, while lifting the price target from $15.00 to $15.50.

Check out other analyst stock ratings.

DA Davidson: Flagstar Bank seems to be nearing an inflection on loan growth, with the decline in average loans moderating to $957 million following a $1.74 billion contraction in the previous quarter, Winter said in a note. He further stated that there were "many green shoots" in the quarter, including:

  • Continued improvement in credit trends
  • Strong core deposit growth of more than $1 billion
  • C&I (commercial and industrial) loan growth starting to accelerate, with the company ending the quarter with $1.135 billion in loans
  • Peer leading capital ratios

"We are seeing more evidence of the transition to a stronger company," the analyst wrote. He added, however, that Flagstar Bank continues to cut its revenue forecast, "as CRE (commercial real estate) & MF (multifamily) paydowns continue to be elevated."

JPMorgan: Flagstar Bank once again reduced its earnings outlook for 2026 and 2027 due to lower NII (net interest income) expectations, resulting from higher-than-expected payoffs, Elian said. The company cut its estimates:

  • NII for 2026 – $1.950-$2.050 billion
  • NII for 2027 – $2.6-$2.7 billion
  • Diluted adjusted earnings for 2026 – 60-65 cents per share
  • Diluted adjusted earnings for 2027 – $1.80-$1.90 per share

The pace of CRE payoffs remains elevated which adversely impacts NII and earnings, the analyst stated. While the company is making efforts to move away from CRE and into C&I, "we remain comforted by the expected continued reductions in NPAs (non-performing assets) through 2026," he further wrote.

FLG Price Action: Shares of Flagstar Bank had declined by 0.29% to $13.99 at the time of publication on Monday.

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