To The Moon

I’ve been thinking a lot about Flagstar Financial (FLG) recently, mostly because their stock is releasing earnings on January 30, 2026. I’m not planning to buy—at least, not yet—but there’s a part of me that can’t help checking. There’s something quietly compelling about watching a company’s story unfold through numbers, seeing whether strategy, effort, and past decisions finally come together.

Flagstar Financial, Inc. (FLG)

Flagstar’s recent years have been…well, full of changes. Back in April 2021, New York Community Bancorp announced it was acquiring Flagstar in an all-stock merger. It wasn’t a fast process—the deal completed only in December 2022. But then, just a few months later, in March 2023, Flagstar absorbed nearly all of Signature Bank’s deposits after Signature collapsed. I still remember reading about it—the third largest bank failure in U.S. history. Suddenly, Flagstar had 40 more branches and some of Signature’s loan portfolios. The crypto-linked deposits were left to the FDIC, which seems like a small detail, but it mattered. It struck me how fast things can change in banking, how quickly responsibility can expand, and how a company has to respond.

By October 2024, the company rebranded fully as Flagstar Financial, consolidating all brands under one name and switching its ticker to FLG. That felt like a statement: a new identity, a fresh chapter. I keep thinking about what that rebranding actually means in practice. Can a name and a new ticker influence performance, or is it just a marker of changes already underway?

Lately, I’ve been comparing it to BRC Group Holdings. Just a year ago, BRC was deeply unprofitable. Now, it’s profitable. Seeing that transformation makes me think: maybe Flagstar can do the same. If they can finally turn a real profit in 2026, the stock could rise, and even as someone who isn’t buying, it would feel satisfying to see that shift. It’s like following a long game and finally seeing a potential payoff.

BRC Group Holdings, Inc. (RILY)

I imagine myself on January 30, checking the earnings report quietly, without doing anything—just observing. I’ll be curious about every number: loans, deposits, profit margins, and how the market reacts afterward. There’s something oddly absorbing about that kind of curiosity. You follow the past decisions, the mergers, the expansions, the rebrandings, and wonder: did it all add up? Did the strategy pay off? And even if I’m not trading, it’s still interesting to watch the outcome, to see whether the company has finally made the turn toward profitability.

Sometimes, I think that watching companies like Flagstar is its own small kind of story—one that unfolds slowly, with each quarter adding another piece. You see decisions from years ago ripple forward, sometimes in surprising ways. I just like seeing how these pieces fit together. Right now, I’m curious about January 30. I want to see whether Flagstar’s years of changes, acquisitions, and rebranding will finally show results. And I have a feeling it’s going to be…interesting to watch.