FLAGSTAR BANK, NATIONAL ASSOCIATION Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Net (loss) income attributable to common stockholders | $ | (210) | $ | (1,153) | $ | (112) | |||||||||||
Less: Income allocated to participating securities | — | — | (5) | ||||||||||||||
| (Loss) earnings attributable to common stock | $ | (210) | $ | (1,153) | $ | (117) | |||||||||||
| Weighted average common shares outstanding | 415,327,556 | 330,713,517 | 237,881,183 | ||||||||||||||
| Basic (loss) earnings per common share | $ | (0.50) | $ | (3.49) | $ | (0.49) | |||||||||||
| (Loss) earnings attributable to common stock | $ | (210) | $ | (1,153) | $ | (117) | |||||||||||
| Weighted average common shares outstanding | 415,327,556 | 330,713,517 | 237,881,183 | ||||||||||||||
Dilutive potential common shares | — | — | — | ||||||||||||||
| Total shares for diluted earnings per common share computation | 415,327,556 | 330,713,517 | 237,881,183 | ||||||||||||||
| Diluted (loss) earnings per common share and common share equivalents | $ | (0.50) | $ | (3.49) | $ | (0.49) | |||||||||||
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.