FLAGSTAR BANK, NATIONAL ASSOCIATION, 10-Q filed on 11/6/2025
Quarterly Report
v3.25.3
Cover - shares
 9 Months Ended
Sep. 30, 2025
Oct. 31, 2025
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 30, 2025  
Document Transition Report false  
Entity File Number 001-31565  
Entity Registrant Name Flagstar Bank, National Association  
Entity Incorporation, State or Country Code X1  
Entity Tax Identification Number 38-2734984  
Entity Address, Address Line One 102 Duffy Avenue,  
Entity Address, City or Town Hicksville,  
Entity Address, State or Province NY  
Entity Address, Postal Zip Code 11801  
City Area Code 516  
Local Phone Number 683-4100  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   415,755,877
Entity Central Index Key 0000910073  
Amendment Flag false  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q3  
Current Fiscal Year End Date --12-31  
Common Stock (Par Value: $0.01)    
Document Information [Line Items]    
Title of 12(b) Security Common Stock, $0.01 par value per share  
Trading Symbol FLG  
Security Exchange Name NYSE  
Bifurcated Option Note Unit Securities    
Document Information [Line Items]    
Title of 12(b) Security Bifurcated Option Note Unit SecuritiesSM  
Trading Symbol FLG PRU  
Security Exchange Name NYSE  
Depositary Shares each representing a 1/40th interest in a share of Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred Stock    
Document Information [Line Items]    
Title of 12(b) Security Depositary Shares each representing a 1/40th interest in a share of Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred Stock  
Trading Symbol FLG PRA  
Security Exchange Name NYSE  
v3.25.3
Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
ASSETS:    
Cash and cash equivalents $ 8,484 $ 15,430
Securities:    
Debt securities available-for-sale 15,052 10,402
Equity investments with readily determinable fair values, at fair value 55 14
Total securities 15,107 10,416
Loans held for sale 535 899
Loans and leases held for investment, net of deferred loan fees and costs 62,661 68,272
Less: Allowance for credit losses on loans and leases, held for investment (1,071) (1,201)
Total loans and leases held for investment, net 61,590 67,071
Federal Home Loan Bank stock and Federal Reserve Bank stock, at cost 1,018 1,146
Premises and equipment, net 464 562
Core deposit and other intangibles 407 488
Bank-owned life insurance 1,633 1,605
Other assets 2,430 2,543
Total assets 91,668 100,160
Deposits:    
Interest-bearing checking and money market accounts 20,045 20,780
Savings accounts 14,782 14,282
Certificates of deposit 22,369 27,324
Non-interest-bearing accounts 11,956 13,484
Total deposits 69,152 75,870
Borrowed funds:    
Wholesale borrowings 12,150 13,400
Junior subordinated debentures 584 582
Subordinated notes 448 444
Total borrowed funds 13,182 14,426
Other liabilities 1,225 1,696
Total liabilities 83,559 91,992
Commitment and contingencies (refer to Note 17)
Mezzanine equity:    
Preferred stock - Series B 1 1
Stockholders' equity:    
Preferred stock - Series A and D 503 503
Common stock at par $0.01 (666,666,666 and 666,666,666 shares authorized; 422,749,037 and 422,416,178 shares issued; and 415,608,145 and 414,934,628 shares outstanding, respectively) 4 4
Paid-in capital in excess of par 9,300 9,282
Accumulated deficit (1,006) (763)
Treasury stock, at cost (7,140,892 and 7,481,550 shares, respectively) (198) (219)
AOCL, net of tax (495) (640)
Total stockholders’ equity 8,108 8,167
Total liabilities, mezzanine and stockholders’ equity $ 91,668 $ 100,160
Common stock (in usd per share) $ 0.01 $ 0.01
v3.25.3
Condensed Consolidated Statements of Financial Condition (Parenthetical) - $ / shares
Sep. 30, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Common stock, par value (in usd per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 666,666,666 666,666,666
Common stock, shares issued (in shares) 422,749,037 422,416,178
Common stock outstanding (in shares) 415,608,145 414,934,628
Treasury stock (in shares) 7,140,892 7,481,550
v3.25.3
Condensed Consolidated Statements of (Loss) Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INTEREST INCOME:        
Loans and leases $ 819 $ 1,061 $ 2,519 $ 3,421
Securities and money market investments 282 473 889 1,174
Total interest income 1,101 1,534 3,408 4,595
INTEREST EXPENSE:        
Interest-bearing checking and money market accounts 151 218 480 664
Savings accounts 113 110 334 221
Certificates of deposit 255 372 850 1,000
Borrowed funds 157 324 490 1,019
Total interest expense 676 1,024 2,154 2,904
Net interest income 425 510 1,254 1,691
Provision for credit losses 38 242 181 947
Net interest income after provision for credit losses 387 268 1,073 744
NON-INTEREST INCOME:        
Fee income 23 42 67 117
Bank-owned life insurance 12 10 32 32
Net gain on investment securities 22 0 22 0
Net return on mortgage servicing rights 0 34 0 74
Net gain on loan sales and securitizations 5 5 24 43
Net loan administration (loss) income 0 (8) 5 3
Bargain purchase gain 0 0 0 (121)
Other 32 30 101 88
Total non-interest income 94 113 251 236
NON-INTEREST EXPENSE:        
Compensation and benefits 242 316 723 961
FDIC insurance 37 98 136 239
Occupancy and equipment 47 59 155 163
General and administrative 153 188 433 557
Total operating expense 479 661 1,447 1,920
Intangible asset amortization 26 37 81 105
Merger-related expenses 17 18 39 95
Total non-interest expense 522 716 1,567 2,120
(Loss) before income taxes (41) (335) (243) (1,140)
Income tax (benefit) (5) (55) (37) (210)
Net (loss) (36) (280) (206) (930)
Preferred stock dividends 9 9 25 27
Net (loss) attributable to common stockholders $ (45) $ (289) $ (231) $ (957)
Basic (loss) per common share (in usd per share) $ (0.11) $ (0.79) $ (0.56) $ (3.16)
Diluted (loss) per common share (in usd per share) $ (0.11) $ (0.79) $ (0.56) $ (3.16)
v3.25.3
Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net loss $ (36) $ (280) $ (206) $ (930)
Other comprehensive (loss) income, net of tax:        
Debt securities available for sale 50 206 159 113
Pension and post-retirement obligations 1 1 2 1
Cash flow hedges (4) (14) (16) 64
Total other comprehensive (loss) income, net of tax 47 193 145 178
Total comprehensive (loss) income, net of tax $ 11 $ (87) $ (61) $ (752)
v3.25.3
Condensed Consolidated Statements of Comprehensive (Loss) Income (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Statement of Comprehensive Income [Abstract]        
Debt securities available for sale $ 18 $ 71 $ 56 $ 40
Pension and post-retirement obligations 0 0 1 1
Cash flow hedges $ (2) $ (5) $ (6) $ 21
v3.25.3
Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Millions
Total
Noncumulative Convertible Preferred Stock Series B
Noncumulative Convertible Preferred Stock Series C
Series B Preferred Stock
Series C Preferred Stock
Preferred Stock A (Par Value: $0.01)
Common Stock (Par Value: $0.01)
Common Stock (Par Value: $0.01)
Series B Preferred Stock
Common Stock (Par Value: $0.01)
Series C Preferred Stock
Paid-in Capital in excess of Par
Paid-in Capital in excess of Par
Series B Preferred Stock
Paid-in Capital in excess of Par
Series C Preferred Stock
(Accumulated deficit)/Retained Earnings
Treasury Stock, at Cost
AOCL, Net of Tax
Beginning balance (in shares) at Dec. 31, 2023 240,688,790                            
Beginning balance at Dec. 31, 2023 $ 8,367         $ 503 $ 2     $ 8,236     $ 443 $ (218) $ (599)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance and exercise of stock (in shares) 25,543,655     63,770,655 85,435,618                    
Issuance and exercise of stock $ 103     $ 257 $ 341   1   $ 1 102 $ 257 $ 340      
Issuance of warrants to purchase common shares $ 302                 302          
Shares issued for restricted stock, net of forfeitures (in shares) 275,051                            
Shares issued for restricted stock, net of forfeitures $ 0                 (9)       9  
Compensation expense related to restricted stock awards 38                 38          
Net loss (930)                       (930)    
Dividends paid on common stock (48)                       (48)    
Dividends paid on preferred stock $ (27)                       (27)    
Purchase of common stock (in shares) (455,802)                            
Purchase of common stock $ (10)                         (10)  
Other comprehensive income (loss), net of tax $ 178                           178
Ending balance (in shares) at Sep. 30, 2024 415,257,967                            
Ending balance at Sep. 30, 2024 $ 8,571         503 4     9,266     (562) (219) (421)
Preferred Stock Mezzanine (Par Value: $0.01)                              
Issuance of mezzanine preferred stock   $ 258 $ 346                        
Issuance of common shares for the conversion of Series B/ C preferred, net       $ (257) $ (346)                    
Ending balance at Sep. 30, 2024 $ 1                            
Preferred Stock Mezzanine (Par Value: $0.01)                              
Dividends paid on preferred stock (in usd per share)       $ 6.66                      
Beginning balance (in shares) at Jun. 30, 2024 351,304,364                            
Beginning balance at Jun. 30, 2024 $ 8,397         503 4     8,997     (270) (223) (614)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance and exercise of stock (in shares)       63,770,655                      
Issuance and exercise of stock $ 257             $ 0     $ 257        
Shares issued for restricted stock, net of forfeitures (in shares) 282,417                            
Shares issued for restricted stock, net of forfeitures $ 0                 (5)       5  
Compensation expense related to restricted stock awards 17                 17          
Net loss (280)                       (280)    
Dividends paid on common stock (3)                       (3)    
Dividends paid on preferred stock $ (9)                       (9)    
Purchase of common stock (in shares) (99,469)                            
Purchase of common stock $ (1)                         (1)  
Other comprehensive income (loss), net of tax $ 193                           193
Ending balance (in shares) at Sep. 30, 2024 415,257,967                            
Ending balance at Sep. 30, 2024 $ 8,571         503 4     9,266     (562) (219) (421)
Beginning balance at Jun. 30, 2024 258                            
Preferred Stock Mezzanine (Par Value: $0.01)                              
Issuance of common shares for the conversion of Series B/ C preferred, net       $ (257)                      
Ending balance at Sep. 30, 2024 $ 1                            
Preferred Stock Mezzanine (Par Value: $0.01)                              
Dividends paid on preferred stock (in usd per share)       $ 3.33                      
Beginning balance (in shares) at Dec. 31, 2024 414,934,628                            
Beginning balance at Dec. 31, 2024 $ 8,167         503 4     9,282     (763) (219) (640)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Shares issued for restricted stock, net of forfeitures (in shares) 1,368,201                            
Shares issued for restricted stock, net of forfeitures $ 0                 (28)       28  
Compensation expense related to restricted stock awards 46                 46          
Net loss (206)                       (206)    
Dividends paid on common stock (12)                       (12)    
Dividends paid on preferred stock $ (25)                       (25)    
Purchase of common stock (in shares) (694,684)                            
Purchase of common stock $ (7)                         (7)  
Other comprehensive income (loss), net of tax $ 145                           145
Ending balance (in shares) at Sep. 30, 2025 415,608,145                            
Ending balance at Sep. 30, 2025 $ 8,108         503 4     9,300     (1,006) (198) (495)
Beginning balance at Dec. 31, 2024 1                            
Ending balance at Sep. 30, 2025 $ 1                            
Preferred Stock Mezzanine (Par Value: $0.01)                              
Dividends paid on preferred stock (in usd per share)       9.99                      
Beginning balance (in shares) at Jun. 30, 2025 415,353,394                            
Beginning balance at Jun. 30, 2025 $ 8,095         503 4     9,291     (957) (204) (542)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Shares issued for restricted stock, net of forfeitures (in shares) 408,579                            
Shares issued for restricted stock, net of forfeitures $ 0                 (8)       8  
Compensation expense related to restricted stock awards 17                 17          
Net loss (36)                       (36)    
Dividends paid on common stock (4)                       (4)    
Dividends paid on preferred stock $ (9)                       (9)    
Purchase of common stock (in shares) (153,828)                            
Purchase of common stock $ (2)                         (2)  
Other comprehensive income (loss), net of tax $ 47                           47
Ending balance (in shares) at Sep. 30, 2025 415,608,145                            
Ending balance at Sep. 30, 2025 $ 8,108         $ 503 $ 4     $ 9,300     $ (1,006) $ (198) $ (495)
Beginning balance at Jun. 30, 2025 1                            
Ending balance at Sep. 30, 2025 $ 1                            
Preferred Stock Mezzanine (Par Value: $0.01)                              
Dividends paid on preferred stock (in usd per share)       $ 3.33                      
v3.25.3
Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dividends paid on common stock (in usd per share) $ 0.01 $ 0.01 $ 0.03 $ 0.19
Preferred stock, par value (in usd per share) 0.01 0.01 0.01 0.01
Common stock, par value (in usd per share) 0.01 0.01 0.01 0.01
Noncumulative convertible preferred stock (in usd per share) 0.01 0.01 0.01 $ 0.01
Noncumulative Convertible Preferred Stock Series B        
Mezzanine preferred stock (in shares)       192,062
Noncumulative convertible preferred stock (in usd per share) 0.01   0.01  
Noncumulative Convertible Preferred Stock Series C        
Mezzanine preferred stock (in shares)       256,307
Noncumulative convertible preferred stock (in usd per share) 0.01   0.01  
Series A Preferred Stock        
Dividends paid on preferred stock (in usd per share) 15.94 15.94 47.82 $ 47.82
Series B Preferred Stock        
Dividends paid on preferred stock (in usd per share) $ 3.33 $ 3.33 $ 9.99 $ 6.66
v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) $ (206,000,000) $ (930,000,000)
Adjustments to reconcile net income to net cash used in operating activities:    
Provision for credit losses 181,000,000 947,000,000
Amortization of intangibles 81,000,000 105,000,000
Depreciation 32,000,000 34,000,000
Amortization of discounts and premiums, net 87,000,000 141,000,000
Net gain on securities (22,000,000) 0
Net gain on sales of loans and securitizations (24,000,000) (43,000,000)
Bargain purchase gain adjustment 0 121,000,000
Stock-based compensation 46,000,000 38,000,000
Deferred tax expense (97,000,000) (229,000,000)
Other operating activities (7,000,000) 0
Changes in operating assets and liabilities:    
Decrease (increase) in other miscellaneous assets 115,000,000 (423,000,000)
(Decrease) increase in other miscellaneous liabilities (542,000,000) 125,000,000
Change in loans held for sale, net 364,000,000 (423,000,000)
Net cash provided by (used in) by operating activities 8,000,000 (537,000,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from repayment of securities available for sale 1,494,000,000 1,525,000,000
Proceeds from sales of securities available for sale including loans that have been securitized 85,000,000 269,000,000
Purchase of securities available for sale (5,994,000,000) (2,607,000,000)
Redemption of Federal Home Loan Bank stock 131,000,000 217,000,000
Purchases of Federal Home Loan Bank and Federal Reserve Bank stock (3,000,000) (189,000,000)
Proceeds from bank-owned life insurance, net 4,000,000 18,000,000
Net proceeds from sales of MSR's 0 66,000,000
Other changes in loans, net 5,219,000,000 11,733,000,000
Purchases of premises and equipment (29,000,000) (33,000,000)
Other investing activities 14,000,000 0
Net cash provided by investing activities 921,000,000 10,999,000,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net decrease in deposits (6,727,000,000) 1,476,000,000
Net decrease in short-term borrowed funds (250,000,000) (940,000,000)
Proceeds from long-term borrowed funds 500,000,000 12,250,000,000
Repayments of long-term borrowed funds (1,500,000,000) (12,250,000,000)
Net receipt (disbursement) of payments of loans serviced for others 92,000,000 (375,000,000)
Cash dividends paid on common stock (12,000,000) (48,000,000)
Cash dividends paid on preferred stock (25,000,000) (27,000,000)
Proceeds from common stock and warrants issued, net 0 1,003,000,000
Proceeds from preferred stock issued, net 0 1,000,000
Payments relating to treasury shares received for restricted stock award tax payments (7,000,000) (10,000,000)
Net cash (used in) provided by financing activities (7,929,000,000) 1,080,000,000
Net (decrease) increase in cash, cash equivalents, and restricted cash (7,000,000,000) 11,542,000,000
Cash, cash equivalents, and restricted cash at beginning of period 15,559,000,000 11,609,000,000
Cash, cash equivalents, and restricted cash at end of period 8,559,000,000 23,151,000,000
Supplemental information:    
Cash paid for interest 2,254,000,000 2,722,000,000
Cash paid for income taxes 17,000,000 31,000,000
Non-cash investing and financing activities:    
Transfers to repossessed assets from loans 3,000,000 8,000,000
Securitization of loans to mortgage-backed securities available for sale 0 262,000,000
Transfer of loans from held for investment to held for sale 590,000,000 7,486,000,000
Restricted Stock Units (RSUs)    
Non-cash investing and financing activities:    
Shares issued for restricted stock awards $ 28,000,000 $ 9,000,000
v3.25.3
Organization and Basis of Presentation
 9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Basis of Presentation Organization and Basis of Presentation
Organization

Flagstar Financial, Inc. was organized under Delaware law on July 20, 1993, and, prior to the completion of the Reorganization (as defined below) on October 17, 2025, was the holding company for Flagstar Bank, N.A. (hereinafter referred to as the “Bank”). We are headquartered in Hicksville, New York with regional headquarters in Troy, Michigan.

Prior to the completion of the Reorganization (as defined below) on October 17, 2025, Flagstar Financial, Inc. was subject to regulation, examination and supervision by the Federal Reserve. The Bank is a National Association, subject to federal regulation and oversight by the OCC. Following the elimination of Flagstar Financial, Inc. as a result of the completion of the Reorganization, effective as of October 17, 2025, our only primary federal banking regulator is the OCC.

We operate approximately 340 locations across nine states, with strong footholds in the greater New York/New Jersey metropolitan region and in the upper Midwest, along with a significant presence in fast-growing markets in Florida and the West Coast.

Effective October 17, 2025, the Bank became the successor reporting company to Flagstar Financial, Inc. pursuant to an internal corporate reorganization to eliminate the Bank’s holding company structure (the “Reorganization”). In connection with the completion of the transaction, Flagstar Financial, Inc. was merged with and into the Bank (the “Merger”), with the Bank continuing as the surviving entity. The Bank’s common stock, as well as depositary shares representing interests in the Bank's Series A preferred stock and the BONUSES Units, was registered with the Bank’s primary banking regulator, the OCC, under the Securities Exchange Act of 1934, as amended, and will be subject to federal regulation and oversight by the OCC. As part of the Reorganization, the Bank increased the authorized number of common shares by 250 million shares which can be used for general corporate purposes.

The Bank assumed Flagstar Financial, Inc.'s debt obligations, equity incentive plans, equity compensation plans, and other compensation plans as a result of the Merger. Additionally, immediately after the Merger, the Bank had substantially the same consolidated assets, liabilities, and stockholders' equity as Flagstar Financial, Inc.immediately prior to the Merger.

Basis of Presentation

The accompanying condensed consolidated financial statements include our accounts and other entities in which we have a controlling financial interest. Our accompanying financial statements conform to GAAP and to general practices within the banking industry. The preparation of financial statements in conformity with GAAP requires us to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period.

The condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included on our Form 10-K for the year ended December 31, 2024. Except for per share or otherwise specified amounts, all amounts presented within the tables below are stated in millions.

All inter-company accounts and transactions are eliminated in consolidation. We currently have certain unconsolidated subsidiaries in the form of wholly-owned statutory business trusts, which were formed to issue guaranteed capital securities. See "Note 9 - Borrowed Funds,” for additional information regarding these trusts.
When necessary, certain reclassifications have been made to prior-year amounts to conform to the current-year presentation.
v3.25.3
Earnings Per Common Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Common Share Earnings Per Common Share
Earnings per Common Share (Basic and Diluted)

EPS is calculated under the two-class method as the unvested RSUs granted by the Company are considered participating securities due to the awards' non-forfeitable rights to dividends paid on our common stock. Under the two-class method, all earnings, distributed and undistributed, are allocated to common stock and participating securities based on their respective rights to receive dividends on our common stock.

Basic and diluted earnings per share are computed by dividing Net income attributable to common stockholders by the weighted-average common shares outstanding in the period. Diluted earnings per share is computed by giving effect to all potentially dilutive securities that are outstanding. The potential dilutive effect of our warrants and convertible preferred stock is determined using the if-converted method and the potential dilutive effect of our stock options and stock-based awards is determined using the treasury stock method. Potentially dilutive common shares are excluded from the computation of diluted earnings per share in periods where the effect would be antidilutive.

The following table reflects basic and diluted weighted average shares and net loss per share:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Net (loss) attributable to common stockholders
$(45)$(289)$(231)$(957)
Less: Income allocated to participating securities
— — — — 
(Loss) attributable to common stock
$(45)$(289)$(231)$(957)
Weighted average common shares outstanding
415,563,380366,637,882415,173,630302,382,890
Basic (loss) per common share
$(0.11)$(0.79)$(0.56)$(3.16)
(Loss) attributable to common stock
$(45)$(289)$(231)$(957)
Weighted average common shares outstanding
415,563,380366,637,882415,173,630302,382,890
Dilutive potential common shares
————
Total shares for diluted earnings per common share computation
415,563,380 366,637,882 415,173,630302,382,890
Diluted (loss) per common share and common share equivalents
$(0.11)$(0.79)$(0.56)$(3.16)
v3.25.3
Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
The table below summarizes the changes in AOCL, net of tax:

Debt Securities AFS
Cash Flow Hedges
Pension and Post-retirement Plans
Total
Three Months Ended September 30, 2025
Balance, beginning of period
$(544)$35 $(33)$(542)
Other comprehensive income (loss) before reclassification, net of tax(1)
50——50
Amounts reclassified from AOCL, net of tax
—(4)1(3)
   Other comprehensive income (loss), net of tax
50(4)147
Balance, end of period
$(494)$31 $(32)$(495)
Three Months Ended September 30, 2024
Balance, beginning of period
$(674)$88 $(28)$(614)
Other comprehensive income (loss) before reclassification, net of tax(1)
206(1)1206
Amounts reclassified from AOCL, net of tax
—(13)—(13)
   Other comprehensive income (loss), net of tax
206(14)1193
Balance, end of period
$(468)$74 $(27)$(421)
Nine Months Ended September 30, 2025
Balance, beginning of period
$(653)$47 $(34)$(640)
Other comprehensive income (loss) before reclassification, net of tax(2)
159——159
Amounts reclassified from AOCL, net of tax
—(16)2(14)
   Other comprehensive income (loss), net of tax
159(16)2145
Balance, end of period
$(494)$31 $(32)$(495)
Nine Months Ended September 30, 2024
Balance, beginning of period
$(581)$10 $(28)$(599)
Other comprehensive income (loss) before reclassification, net of tax(2)
113106(1)218
Amounts reclassified from AOCL, net of tax
—(42)2(40)
   Other comprehensive income (loss), net of tax
113641178
Balance, end of period
$(468)$74 $(27)$(421)
(1)During the three months ended September 30, 2025 and 2024, the tax impact on amount of gain (loss) recognized in AOCL on cash flow hedges was immaterial. During the three months ended September 30, 2025 and 2024, the tax impact on amount of gain (loss) recognized in AOCL on debt securities AFS was $(18) million and $(71) million, respectively.
(2)During the nine months ended September 30, 2025 and 2024, the tax impact on amount of gain (loss) recognized in AOCL on cash flow hedges was immaterial and $(36) million, respectively. During the nine months ended September 30, 2025 and 2024, the tax impact on amount of gain (loss) recognized in debt securities AFS was $(56) million and $(40) million, respectively.

At September 30, 2025, we had $31 million (net-of-tax) of unrealized gains related to terminated cash flow hedges recorded in AOCL. We had $47 million (net-of-tax) of unrealized gains related to terminated cash flow hedges recorded in AOCL at December 31, 2024.
Amounts reported in AOCL related to derivatives will be reclassified to interest expense as interest payments are made on our variable-rate borrowings. We will recognize $27 million of lower interest expense over the next rolling twelve-month period related to the reclassification.

The following table summarizes the amounts reclassified from AOCL, net of tax:

Amount Reclassified out of AOCL
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024Affected Line Item in the Condensed Consolidated Statements of (Loss) Income
Cash Flow Hedges:
Realized gain on cash flow hedges
$6 $18 $22 $57 
Interest expense - Borrowed funds
Tax benefit (expense)
(2)(5)(6)(15)
Income tax (benefit)
$4 $13 $16 $42 
Pension and Post-retirement Plans:
Amortization of actuarial losses
(1)(1)(3)(3)
General and administrative
Tax benefit (expense)
— 1 1 1 
Income tax (benefit)
$(1)$— $(2)$(2)
Amounts reclassified from AOCL, net of tax$3 $13 $14 $40 
v3.25.3
Investment Securities
 9 Months Ended
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Investment Securities Investment Securities
Debt securities available-for-sale

The following tables summarize our portfolio of debt securities available for sale:

September 30, 2025

Amortized Cost
Gross Unrealized GainGross Unrealized LossFair Value
Debt securities available for sale
Mortgage-Related Debt Securities:
GSE CMOs$11,476 $56 $371 $11,161 
GSE certificates1,130 1 126 1,005 
Private label CMOs
150 11 — 161 
Total mortgage-related debt securities$12,756 $68 $497 $12,327 
Other Debt Securities:
GSE debentures$1,502 $— $216 $1,286 
U. S. treasury obligations
1,000 14 — 1,014 
Asset-backed securities (1)
222 — 4 218 
Corporate bonds164 — 7 157 
Capital trust notes47 6 8 45 
Municipal bonds5 — — 5 
Total debt securities
$2,940 $20 $235 $2,725 
Total debt securities available for sale, net of allowance(2)(3)(4)
$15,696 $88 $732 $15,052 
(1)At September 30, 2025, substantially all of our debt securities available for sale are comprised of securities issued by GSEs or are explicitly guaranteed by the U.S. government.
(2)As of September 30, 2025, the ACL was $2 million.
(3)Excludes accrued interest receivable of $43 million included in Other assets in the Condensed Consolidated Statements of Condition.
(4)We pledged investment securities of $14.8 billion as collateral for certain borrowings.

December 31, 2024

Amortized Cost
Gross Unrealized GainGross Unrealized LossFair Value
Debt securities available for sale
Mortgage-Related Debt Securities:
GSE CMOs$7,724 $27 $447 $7,304 
GSE certificates1,273 — 167 1,106 
Private label CMOs
158 6 1 163 
Total mortgage-related debt securities$9,155 $33 $615 $8,573 
Other Debt Securities:
GSE debentures$1,502 $— $299 $1,203 
Corporate bonds314 — 6 308 
Asset-backed securities (1)
237 1 2 236 
Capital trust notes47 5 10 42 
Foreign notes35 — — 35 
Municipal bonds5 — — 5 
Total debt securities
$2,140 $6 $317 $1,829 
Total securities available for sale, net of allowance(2)(3)(4)
$11,295 $39 $932 $10,402 
(1)At December 31, 2024, substantially all of our debt securities available for sale are comprised of securities issued by GSEs or are explicitly guaranteed by the U.S. government.
(2)As of December 31, 2024, the ACL was $3 million.
(3)Excludes accrued interest receivable of $35 million included in Other assets in the Condensed Consolidated Statements of Condition.
(4)We pledged investment securities of $10.2 billion as collateral for certain borrowings.
There were $10 million and $85 million of available-for-sale securities sold during the three and nine months ended September 30, 2025, respectively and no available-for-sale securities sold during the three and nine months ended September 30, 2024.

There were no realized gains and losses on sales of available-for-sale securities in the three and nine months ended September 30, 2025. There were no realized gains and losses on sales of available-for-sale securities in the three months ended September 30, 2024 and less than $1 million in the nine months ended September 30, 2024.

The following table summarizes, by contractual maturity, the fair value of securities at September 30, 2025:

Mortgage- Related SecuritiesU.S. Government and GSE ObligationsCorporate and Other Bonds
Asset-Backed Securities
Total
Available-for-Sale Debt Securities:
Due within one year$1 $— $— $— $1 
Due from one to five years122 1,080 143 — 1,345 
Due from five to ten years240 1,220 26 — 1,486 
Due after ten years11,964 — 38 218 12,220 
Total debt securities available for sale, net of allowance
$12,327 $2,300 $207 $218 $15,052 

The following table presents debt securities having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of September 30, 2025:

Number of Debt Securities(1)
Less than Twelve MonthsTwelve Months or LongerTotal

Fair ValueUnrealized LossFair ValueUnrealized LossFair ValueUnrealized Loss
Debt securities in a continuous unrealized loss position:
GSE CMOs
230 $899 $1 $3,037 $370 $3,936 $371 
U.S. Government agency and GSE obligations33 — — 1,287 216 1,287 216 
GSE certificates326 — — 948 126 948 126 
Corporate bonds6 — — 157 7 157 7 
Asset-backed securities5 14 — 142 4 156 4 
Capital trust notes5 — — 35 8 35 8 
Private Label CMOs
1 — — 14 — 14 — 
Municipal bonds1 — — 5 — 5 — 
Total debt securities in a continuous unrealized loss position
607 $913 $1 $5,625 $731 $6,538 $732 
(1)Count of securities that have been in a loss position for twelve or more months.
The following table presents debt securities having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of December 31, 2024:

Number of Debt Securities(1)
Less than Twelve MonthsTwelve Months or LongerTotal
Fair ValueUnrealized LossFair ValueUnrealized LossFair ValueUnrealized Loss
Debt securities in a continuous unrealized loss position:
GSE CMOs
223 $1,636 $3 $2,822 $444 $4,458 $447 
U.S. Government agency and GSE obligations33 — — 1,203 299 1,203 299 
GSE certificates328 38 — 1,040 167 1,078 167 
Corporate bonds11 — — 308 6 308 6 
Asset-backed securities5 — — 154 2 154 2 
Capital trust notes5 — — 33 10 33 10 
Private Label CMOs
2 — — 17 1 17 1 
Foreign notes1 — — 10 — 10 — 
Municipal bonds1 — — 5 — 5 — 
Total debt securities in a continuous unrealized loss position
609 $1,674 $3 $5,592 $929 $7,266 $932 
(1)Count of securities that have been in a loss position for twelve or more months.

We evaluate available-for-sale debt securities in unrealized loss positions at least quarterly to determine if an ACL is required. We also assess whether (i) we intend to sell, or (ii) it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If either of these criteria is met, any previously recognized allowances are charged off and the security’s amortized cost basis is written down to fair value through income and recorded in Provision for credit losses on the Condensed Consolidated Statements of (Loss) Income. Otherwise, we evaluate whether the decline in fair value has resulted from credit losses or other factors. If a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the expected amount to be collected is less than the amortized cost, an ACL is established for the shortfall, but not in excess of the difference between the amortized cost and the fair value. Any unrealized loss that has not been recorded through an ACL is recognized in Other comprehensive (loss) income.

Equity investments with readily determinable fair values

As of September 30, 2025, and December 31, 2024, we held equity securities with readily determinable fair values of $55 million and $14 million, respectively. During the three months ended September 30, 2025, we recognized a gain of $21 million, which was recorded in Net gain on investment securities in the Condensed Consolidated Statements of (Loss) Income. This gain resulted from our investment in Figure Technology Solutions, Inc., which obtained a readily determinable fair value upon the completion of its initial public offering. We are subject to a contractual restriction that prohibits the sale of our shares in Figure Technology Solutions, Inc. until the three months ended March 31, 2026. For the three and nine months ended September 30, 2025, we recognized total gains of $21 million and $22 million, respectively, on all our equity investment securities, compared to an immaterial amount for the three and nine months ended September 30, 2024.

Federal Reserve and Federal Home Loan Bank Stock

We also carry shares in the following entities at cost:

September 30, 2025December 31, 2024
FHLB-Indianapolis
$255 $329 
FHLB-New York
542 598
Federal Reserve Bank stock
221 219
v3.25.3
Loans and Leases
 9 Months Ended
Sep. 30, 2025
Receivables [Abstract]  
Loans and Leases Loans and Leases
We classify loans that we have the intent and ability to hold for the foreseeable future or until maturity as loans held for investment. We report loans held for investment at their amortized cost, which includes the outstanding principal balance adjusted for any unamortized premiums, discounts, deferred fees or fair value adjustments for acquired loans.

We classify loans as held for sale when we originate or purchase loans that we intend to sell or when we change our intent for loans previously classified as held for investment. Loans held for sale for which we have elected the fair value option are carried at fair value. Loans originally classified as held for investment for which we had changed our intent and are now classified as held for sale, are carried at the lower of amortized cost or fair value. The fair value is estimated based on quoted market prices for securities backed by similar types of loans, where available, or by discounting estimated cash flows using observable inputs inclusive of interest rates, prepayment speeds and loss assumptions for similar collateral.

The composition of our loan portfolio for the periods indicated was as follows:

September 30, 2025December 31, 2024

AmountPercent of
Loans
Held for
Investment		AmountPercent of
Loans
Held for
Investment
Loans and leases held for investment:
Multi-family$30,466 48.7 %$34,093 49.9 %
Commercial real estate(1)
10,163 16.2 %11,836 17.4 %
One-to-four family first mortgage5,513 8.8 %5,201 7.6 %
Commercial and industrial(2)
14,874 23.7 %15,376 22.5 %
Other1,645 2.6 %1,766 2.6 %
Total loans and leases held for investment (3)(4)
$62,661 100.0 %$68,272 100.0 %
Allowance for credit losses on loans and leases(1,071)(1,201)
Total loans and leases held for investment, net$61,590 $67,071 
Loans held for sale
535 899 
Total loans and leases, net$62,125 $67,970 
(1)Includes ADC loans.
(2)Includes lease financing receivables (net of unearned income of $137 million and $169 million) of $1.8 billion and $2.1 billion, respectively.
(3)Excludes accrued interest receivable of $260 million and $277 million at September 30, 2025 and December 31, 2024, respectively, which is included in Other assets in the Condensed Consolidated Statements of Condition.
(4)We pledged loans of $32.3 billion and $44.6 billion between the FHLB and FRB-NY to serve as collateral for our wholesale borrowings at September 30, 2025 and December 31, 2024, respectively.
Non-Accrual Loans

A loan generally is classified as a non-accrual loan when it is 90 days or more past due or when it is deemed to be impaired because the Company no longer expects to collect principal and interest in accordance with the contractual terms of the loan agreement. When a loan is classified as non-accrual, we cease recording interest income, and any previously accrued and uncollected interest is reversed against Interest income - Loans and leases on the Condensed Consolidated Statement of (Loss) Income. Interest received on non-accrual loans is recorded as a reduction to the principal outstanding. A loan is only returned to accrual status when the loan is current (typically a minimum of six months of payment performance) and we have reasonable assurance that the loan will be fully collectible. When we have reasonable assurance that the loan will be fully collectible, then interest payments may be recognized in interest income on a cash basis. As of September 30, 2025 and December 31, 2024 there was an immaterial amount of interest income recognized on non-accrual loans classified as held for investment. At September 30, 2025 and December 31, 2024 we had no loans that were 90 days or more past due and still accruing interest.

When management determines that foreclosure is probable for loans that are individually evaluated, the expected credit losses are based on the fair value of the collateral adjusted for selling costs. When the borrower is experiencing financial difficulty at the reporting date and repayment is expected to be provided substantially through the operation or sale of the collateral, the collateral-dependent practical expedient has been elected and expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. For CRE loans, collateral properties include office buildings, warehouse/distribution buildings, shopping centers, apartment buildings, and residential and commercial tract developments. The primary source of repayment on these loans is expected to come from the sale, permanent financing or lease of the real property collateral. CRE loans are impacted by fluctuations in collateral values, as well as the ability of the borrower to obtain permanent financing.

The following table summarizes the recorded investment of our collateral-dependent loans held for investment by collateral type as of September 30, 2025:


Real Property
Multi-family$2,435 
Commercial real estate(1)
545 
One-to-four family first mortgage59 
Commercial and industrial16 
Total collateral-dependent loans held for investment$3,055 
(1)Includes ADC loans.

At September 30, 2025 and December 31, 2024, we had $29 million and $41 million, respectively, of residential mortgage loans in the process of foreclosure.

Delinquencies

The following table presents information regarding the delinquency status of our loans held for investment at September 30, 2025:

Current
Loans 30-89 Days Past Due
Non-Accrual Loans
Total Loans Receivable
Multi-family$27,682 $344 $2,440 $30,466 
Commercial real estate(1)
9,495 117 551 10,163 
One-to-four family first mortgage5,424 19 70 5,513 
Commercial and industrial(2)
14,686 34 154 14,874 
Other1,598 21 26 1,645 
Total$58,885 $535 $3,241 $62,661 
(1)Includes ADC loans.
(2)Includes lease financing receivables.
The following table presents information regarding the delinquency status of our loans held for investment at December 31, 2024:


Current
Loans 30-89 Days Past DueNon-Accrual Loans
Total Loans Receivable
Multi-family$31,589 $749 $1,755 $34,093 
Commercial real estate(1)
11,202 70 564 11,836 
One-to-four family first mortgage5,106 25 70 5,201 
Commercial and industrial(2)
15,064 110 202 15,376 
Other1,731 11 24 1,766 
Total$64,692 $965 $2,615 $68,272 
(1)Includes ADC loans.
(2)Includes lease financing receivables.
The following table presents the credit rating by vintage for our loans held for investment as of September 30, 2025:

Term Loans
Revolving
Loans		Revolving
Loans Converted to Term Loans
Amortized Cost Basis by Closing Year

2025
2024
2023
2022
2021
Prior To
2021
Total
Multi-family:
Pass$16 $15 $578 $6,362 $5,313 $8,587 $4 $132 $21,007 
Special Mention— — 24 480 923 718 — — 2,145 
Substandard— — 140 599 1,001 3,132 2 — 4,874 
Non-accrual
— — 12 315 355 1,758 — — 2,440 
Total Multi-family
16 15 754 7,756 7,592 14,195 6 132 30,466 
Year to date gross charge-offs
— — — (45)(59)(134)— — (238)
Commercial Real Estate:(1)
Pass$600 $420 $1,126 $1,490 $963 $2,378 $1,050 $155 $8,182 
Special Mention— — 55 59 18 99 42 24 297 
Substandard— 10 62 155 82 552 167 105 1,133 
Non-accrual
— — 3 74 15 455 2 2 551 
Total Commercial Real Estate
600 430 1,246 1,778 1,078 3,484 1,261 286 10,163 
Year to date gross charge-offs
— — (6)(1)(7)(27)— — (41)
One-to-Four Family
Pass$635 $348 $475 $2,248 $815 $644 $76 $4 $5,245 
Substandard19 7 2 14 6 150 — — 198 
Non-accrual3 7 5 21 10 22 2 — 70 
Total One-to-Four Family657 362 482 2,283 831 816 78 4 5,513 
Year to date gross charge-offs
— — — (1)— (2)— — (3)
Commercial and Industrial(2)
Pass$2,069 $972 $2,164 $1,812 $614 $939 $5,307 $298 $14,175 
Special Mention— 14 10 14 7 2 80 — 127 
Substandard2 16 89 49 33 36 189 4 418 
Non-accrual— 4 29 42 6 14 48 11 154 
Total Commercial and Industrial2,071 1,006 2,292 1,917 660 991 5,624 313 14,874 
Year to date gross charge-offs
(9)(1)(15)(19)(5)(1)— — (50)
Other Loans
Pass$44 $24 $19 $6 $2 $49 $1,380 $93 $1,617 
Special Mention— — — — — — — — — 
Substandard— — — — — — 2 — 2 
Non-accrual— — — — — 2 24 — 26 
Total Other Loans44 24 19 6 2 51 1,406 93 1,645 
Year to date gross charge-offs
(6)(2)(5)(6)— (5)— — (24)
(1)Includes ADC loans.
(2)Includes lease financing receivables.
The following table presents the credit rating by vintage for our loans held for investment as of December 31, 2024:

Term Loans
Revolving
Loans		Revolving
Loans Converted to Term Loans
Amortized Cost Basis by Closing Year

2024
2023
2022
2021
2020
Prior To
2020
Total
Multi-family:
Pass$17 $700 $6,599 $6,070 $5,203 $3,997 $27 $— $22,613 
Special Mention—146886946467951—2,838
Substandard21235298681,5263,8345—6,887
Non-accrual
——1131442741,224——1,755
Total Multi-family
198377,9297,7767,6499,85033—34,093
Year to date gross charge-offs
——(28)(34)(42)(204)——(308)
Commercial Real Estate:(1)
Pass$542 $1,298 $1,753 $1,106 $576 $2,068 $1,597 $367 $9,307 
Special Mention—7213069106138120—635
Substandard23117911016272311761,330
Non-accrual
—37343644476—564
Total Commercial Real Estate
5441,4382,0961,3218483,3761,84037311,836
Year to date gross charge-offs
—(8)(81)(1)(27)(349)——(466)
One-to-Four Family
Pass$250 $521 $2,431 $859 $178 $609 $80 $2 $4,930 
Substandard128216172——201
Non-accrual
—416107285—70
Total One-to-Four Family2515272,4558712018098525,201
Year to date gross charge-offs
——(1)——(7)——(8)
Commercial and Industrial(2)
Pass$1,267 $2,609 $2,014 $651 $450 $759 $5,554 $1,164 $14,468 
Special Mention17291842111196206
Substandard135072727132658500
Non-accrual
3516098152—202
Total Commercial and Industrial1,3002,6932,2647364677985,9401,17815,376
Year to date gross charge-offs
(3)(20)(40)(20)(19)(34)——(136)
Other Loans
Pass$100 $29 $12 $4 $2 $32 $1,441 $121 $1,741 
Special Mention——————1—1
Non-accrual
—————519—24
Total Other Loans100291242371,4611211,766
Year to date gross charge-offs
(2)(4)(4)(1)(1)(8)——(20)
(1)Includes ADC loans.
(2)Includes lease financing receivables.

The classifications in the preceding tables are the most currently available and generally have been updated within the last twelve months. In addition, they follow regulatory guidelines and can generally be described as follows: pass loans are of satisfactory quality; special mention loans have potential weaknesses that deserve management’s close attention; substandard loans are inadequately protected by the current net worth and paying capacity of the borrower or of the collateral pledged (these loans have a well-defined weakness and there is a possibility that we will sustain some loss); and non-accrual loans, which based on existing circumstances, have weaknesses that make collection or liquidation in full highly questionable and improbable.

Modifications to Borrowers Experiencing Financial Difficulty

When borrowers are experiencing financial difficulty, we may make certain loan modifications as part of loss mitigation strategies to maximize expected payment. Modifications provided to borrowers who are experiencing financial difficulties are in the form of principal forgiveness, an interest rate reduction or a term extension.
During the three months ended September 30, 2025 and 2024, loans totaling $8 million and $3 million, respectively, were modified to borrowers experiencing financial difficulty. During the nine months ended September 30, 2025 and 2024 there were $26 million and $32 million, respectively, of such loans.

The following table describes the financial effect of the modification made to borrowers experiencing financial difficulty:

Interest Rate ReductionTerm Extension
Weighted-average contractual interest rate
FromTo
Weighted-Average Term (in years)
Three Months Ended September 30, 2025
One-to-four family first mortgage5.77 %4.77 %11.4
Other
9.93 %6.88 %13.1
Three Months Ended September 30, 2024
One-to-four family first mortgage— %— %10.7
Commercial and industrial— %— %1.9
Nine Months ended September 30, 2025
Commercial real estate(1)
— %— %0.5
One-to-four family first mortgage6.84 %5.37 %8.4
Other
10.06 %5.75 %13.1
Nine Months ended September 30, 2024
Multi-family8.08 %6.00 %
Commercial real estate(1)
8.13 %7.00 %
One-to-four family first mortgage4.69 %3.70 %12.1
Commercial and industrial7.81 %6.10 %0.6
Other
10.73 %4.30 %1.8
(1)Includes ADC loans.
The following table presents the amortized cost basis of the modifications for borrowers experiencing financial difficulty that subsequently defaulted and were within twelve months of the modification date:


Term ExtensionPrincipal ForgivenessCombination - Interest Rate Reduction and Term/Payment Extension/Delay
Total
Three Months Ended September 30, 2025
Commercial real estate(1)
6 — — 6 
One-to-four family first mortgage6 — 4 10 
Total$12 $— $4 $16 
Nine Months ended September 30, 2025
Commercial real estate(1)
6 — — 6 
One-to-four family first mortgage7 — 5 12 
Total$13 $— $5 $18 
Three Months Ended September 30, 2024
One-to-four family first mortgage1 — 1 2 
Commercial and industrial4 — — 4 
Total$5 $— $1 $6 
Nine Months Ended September 30, 2024
Commercial real estate(1)
$4 $— $— $4 
One-to-four family first mortgage1 — — 1 
Commercial and industrial4 — 1 5 
Other Consumer— — 1 1 
Total$9 $— $2 11 
(1)Includes ADC loans.
We closely monitor the performance of loans in which modifications were made to borrowers experiencing financial difficulty to understand the effectiveness of modification efforts.

The following table provides a summary of loan balances at September 30, 2025, which were modified during the prior twelve months, by class of financing receivable and delinquency status:

September 30, 2025

Current30 - 89 Past Due90+ Past DueTotal
Commercial real estate(1)
$— $6 $— $6 
One-to-four family first mortgage3 — 20 23 
Total$3 $6 $20 $29 
(1)Includes ADC loans.

The following table provides a summary of loan balances at September 30, 2024, which were modified during the prior twelve months, by class of financing receivable and delinquency status:

September 30, 2024

Current30 - 89 Past Due90+ Past DueTotal
Multi-family
$24 $— $— $24 
Commercial real estate(1)
8 — 4 12 
One-to-four family first mortgage7 — 5 12 
Commercial and industrial
2259
Other
1——1
Total$42 $2 $14 $58 
(1)Includes ADC loans.


Loans with Government Guarantees

Substantially all LGG are insured or guaranteed by the FHA or the U.S. Department of Veterans Affairs. Repurchased loans in this portfolio earn interest at a rate based upon the 10-year U.S. Treasury note rate from the time the underlying loan becomes 60 days delinquent until the loan is conveyed to HUD (if foreclosure timelines are met), which is not paid by the FHA until claimed. Certain loans within our portfolio may be subject to indemnifications and insurance limits which expose us to limited credit risk. As of September 30, 2025 and December 31, 2024, LGG totaled $354 million and $360 million, respectively.
v3.25.3
Allowance for Credit Losses on Loans and Leases
 9 Months Ended
Sep. 30, 2025
Credit Loss [Abstract]  
Allowance for Credit Losses on Loans and Leases Allowance for Credit Losses on Loans and Leases
The following table summarizes activity in the ACL on loans and leases for the periods indicated:

Multi- Family
Commercial Real Estate(1)
One-to-Four Family First MortgageCommercial and IndustrialOtherTotal
Three Months Ended September 30, 2025
Balance, beginning of period$538 $318 $33 $160 $57 $1,106 
Charge-offs(53)(19)(1)(9)(10)(92)
Recoveries71—8319
Provision for (recovery of) credit losses on loans and leases66(45)2(2)1738
Balance, end of period$558 $255 $34 $157 $67 $1,071 
Three Months Ended September 30, 2024
Balance, beginning of period$618 $371 $40 $173 $66 $1,268 
Charge-offs(101)(114)(7)(33)(5)(260)
Recoveries3655221
Provision for (recovery of) credit losses on loans and leases104794426235
Balance, end of period$624 $342 $42 $187 $69 $1,264 
Nine Months Ended September 30, 2025
Balance, beginning of period$639 $304 $39 $151 $68 $1,201 
Charge-offs(238)(41)(3)(50)(24)(356)
Recoveries168—18951
Provision for (recovery of) credit losses on loans and leases141(16)(2)3814175
Balance, end of period$558 $255 $34 $157 $67 $1,071 
Nine Months Ended September 30, 2024
Balance, beginning of period$307 $402 $47 $134 $102 $992 
Charge-offs(188)(415)(8)(79)(15)(705)
Recoveries46516435
Provision for (recovery of) credit losses on loans and leases501349(2)116(22)942
Balance, end of period$624 $342 $42 $187 $69 $1,264 
(1)Includes ADC loans.

Interest rates remain high as compared to the interest rates in our existing portfolio, which continues to put pressure on the ability of certain borrowers with interest rates resetting to cover debt service. When combined with inflationary pressure on operating costs and limits on the ability to increase rental rates, debt service levels may approach or exceed some properties' net operating income, which increases the risk of loss.

The ACL to total loans and leases held for investment ratio at September 30, 2025 and December 31, 2024 was 1.71 percent and 1.76 percent, respectively. We believe that higher interest rates for a longer period of time will have a more significant impact on our loans that will reprice during the reasonable and supportable forecast period. Therefore, we have continued to incorporate a higher probability of default for those loans approaching their scheduled repricing date in the measurement of our ACL.

Our ACL is determined based on quantitative modeling that incorporates and weighs economic forecast scenarios. The key inputs to our quantitative ACL models include borrowers' projected debt service based on the most recent financial information available and underlying collateral property values. Property values are particularly meaningful for our multi-family and CRE portfolios. Our models consider the entire life of the loan, including both the interest-only period of the loan, if applicable, and the amortization period, to assess the probability of default and the loss-given default. For our multi-family portfolio, we obtain and utilize current and projected geography-specific market information in our forecasts. In estimating the qualitative component of our ACL, we have adjusted key inputs used by the model on an average basis for certain loans, most notably net operating income and property values, to reflect weaknesses in the underlying data, including the recency of appraisal values, and the lack of significant loss history in available data, particularly for office and multi-family loans and, most notably, rent-regulated multi-family loans.
We charge off loans, or portions of loans, when they are deemed uncollectible. The collectability of individual loans is determined through an assessment of the financial condition and repayment capacity of the borrower and/or through an estimate of the fair value of any underlying collateral. For non-real estate-related consumer credits, the following past-due time periods determine when charge-offs are typically recorded: (1) closed-end credits are charged off in the quarter that the loan becomes 120 days past due; (2) open-end credits are charged off in the quarter that the loan becomes 180 days past due; and (3) both closed-end and open-end credits are typically charged off in the quarter that the credit is 60 days past the date the Company received notification that the borrower has filed for bankruptcy.

The following table presents additional information about our non-accrual loans at September 30, 2025:

Non-accrual loans with no related allowance:Non-accrual loans with an allowance recorded:
Total Non-Accrual loans
Related Allowance
Multi-family$2,148 $292 $2,440 $47 
Commercial real estate(1)
394157551 56
One-to-four family first mortgage521870 2
Commercial and Industrial
8767154 40
Other
—2626 23
Total
$2,681 $560 $3,241 $168 
(1)Includes ADC loans.

The following table presents additional information about our non-accrual loans at December 31, 2024:

Non-accrual loans with no related allowance:Non-accrual loans with an allowance recorded:
Total Non-Accrual loans
Related Allowance
Multi-family$1,092 $663 $1,755 $77 
Commercial real estate(1)
429135 56431 
One-to-four family first mortgage619701
Commercial and Industrial51151202—
Other3212455
Total
$1,636 $979 $2,615 $164 
(1)Includes ADC loans.
v3.25.3
Leases, Premises and Equipment
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases, Premises and Equipment Leases, Premises and Equipment
Lessor Arrangements
We provide equipment leases, mainly to large, investment-grade corporate clients. These qualify as direct financing leases which are recorded based upon the lease payments, estimated residual values and direct costs, excluding unearned income and uses the implicit interest rate to determine the value. Lease terms typically range from 24 to 120 months. We base residual value estimates on asset life, market value, and lessee behavior using industry data and third-party appraisals. At the end of the lease term, the lessee can renew the lease term, return, or purchase the equipment at its fair value. Impairment of residual values occurs if its fair value is less than its carrying amount. We review our direct financing leases for impairment annually. We utilize residual value insurance for certain of our direct finance leases. As of September 30, 2025 and December 31, 2024, we had residual value insurance in place on $251 million and $262 million, respectively, of our leased assets.
Interest income on lease financing is recorded over the lease term and recorded in Interest income - Loans and leases on the Condensed Consolidated Statements of (Loss) Income:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Interest income on lease financing
$24 $32 $72 $105 

Lessee Arrangements

We have operating leases for offices, branches, equipment and other items, generally with terms of 20 years or less. Many of our leases contain options to extend or terminate early and we consider these options when evaluating the lease term to determine if they are reasonably certain to be exercised based on all relevant economic and financial factors.

At lease inception, lease liabilities are recognized in Other liabilities based on the present value of remaining lease payments, discounted using our incremental borrowing rate if no implicit rate in the lease is available. Right-of-use assets, recognized in Other assets, represent our right to use an underlying asset for the lease term and are initially equal to the lease liability, adjusted for any payments made prior to lease commencement and any lease incentives.

Variable costs such as the proportionate share of actual costs for utilities, common area maintenance, property taxes and insurance are not included in the lease liability and are recognized in the period in which they are incurred. Operating lease costs were as follows:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Operating lease cost$14 $20 $61 $58 

Supplemental balance sheet information related to our operating lease arrangements is presented below:

September 30, 2025December 31, 2024
Operating Leases:
Operating lease right-of-use assets
$389 $416 
Operating lease liabilities
$438 $463 
Weighted average remaining lease term10.3 years10.7 years
Weighted average discount rate %4.79 %4.77 %
The table below presents the supplemental cash flow information related to the leases:
Nine Months Ended September 30,
20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$58 $54 

Premises and Equipment

The table below presents our Premises and equipment:

September 30, 2025December 31, 2024
Premises and equipment
$997 $1,131 
Less: Accumulated depreciation
(533)(569)
Premises and equipment, net
$464 $562 

The table below presents our depreciation expense:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Depreciation expense(1)
$10 $13 $32 $34 
(1)Included in Occupancy and equipment expense in the Condensed Consolidated Statements of (Loss) Income
Leases, Premises and Equipment Leases, Premises and Equipment
Lessor Arrangements
We provide equipment leases, mainly to large, investment-grade corporate clients. These qualify as direct financing leases which are recorded based upon the lease payments, estimated residual values and direct costs, excluding unearned income and uses the implicit interest rate to determine the value. Lease terms typically range from 24 to 120 months. We base residual value estimates on asset life, market value, and lessee behavior using industry data and third-party appraisals. At the end of the lease term, the lessee can renew the lease term, return, or purchase the equipment at its fair value. Impairment of residual values occurs if its fair value is less than its carrying amount. We review our direct financing leases for impairment annually. We utilize residual value insurance for certain of our direct finance leases. As of September 30, 2025 and December 31, 2024, we had residual value insurance in place on $251 million and $262 million, respectively, of our leased assets.
Interest income on lease financing is recorded over the lease term and recorded in Interest income - Loans and leases on the Condensed Consolidated Statements of (Loss) Income:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Interest income on lease financing
$24 $32 $72 $105 

Lessee Arrangements

We have operating leases for offices, branches, equipment and other items, generally with terms of 20 years or less. Many of our leases contain options to extend or terminate early and we consider these options when evaluating the lease term to determine if they are reasonably certain to be exercised based on all relevant economic and financial factors.

At lease inception, lease liabilities are recognized in Other liabilities based on the present value of remaining lease payments, discounted using our incremental borrowing rate if no implicit rate in the lease is available. Right-of-use assets, recognized in Other assets, represent our right to use an underlying asset for the lease term and are initially equal to the lease liability, adjusted for any payments made prior to lease commencement and any lease incentives.

Variable costs such as the proportionate share of actual costs for utilities, common area maintenance, property taxes and insurance are not included in the lease liability and are recognized in the period in which they are incurred. Operating lease costs were as follows:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Operating lease cost$14 $20 $61 $58 

Supplemental balance sheet information related to our operating lease arrangements is presented below:

September 30, 2025December 31, 2024
Operating Leases:
Operating lease right-of-use assets
$389 $416 
Operating lease liabilities
$438 $463 
Weighted average remaining lease term10.3 years10.7 years
Weighted average discount rate %4.79 %4.77 %
The table below presents the supplemental cash flow information related to the leases:
Nine Months Ended September 30,
20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$58 $54 

Premises and Equipment

The table below presents our Premises and equipment:

September 30, 2025December 31, 2024
Premises and equipment
$997 $1,131 
Less: Accumulated depreciation
(533)(569)
Premises and equipment, net
$464 $562 

The table below presents our depreciation expense:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Depreciation expense(1)
$10 $13 $32 $34 
(1)Included in Occupancy and equipment expense in the Condensed Consolidated Statements of (Loss) Income
v3.25.3
Variable Interest Entities
 9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Variable Interest Entities Variable Interest Entities
An entity that has a controlling financial interest in a VIE is referred to as the primary beneficiary and consolidates the VIE. An entity is deemed to have a controlling financial interest and is the primary beneficiary of a VIE if it has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and an obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE.
    
We have no consolidated VIEs as of September 30, 2025 and December 31, 2024.
In connection with non-qualified mortgage securitization activities, we have retained a 5 percent interest in the investment securities of certain trusts. Although we have a variable interest in these securitization trusts, we are not their primary beneficiary. As a result, we have not consolidated the assets and liabilities of the VIEs in our Condensed Consolidated Statements of Condition. Our maximum exposure to loss is limited to our 5 percent retained interest in the investment securities that had a fair value of $161 million and $163 million as of September 30, 2025 and December 31, 2024, respectively, as well as the standard representations and warranties made in conjunction with the loan transfers.
v3.25.3
Borrowed Funds
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Borrowed Funds Borrowed Funds
The following table summarizes the Company’s borrowed funds:


September 30, 2025December 31, 2024
Wholesale borrowings:
FHLB advances$12,150 $13,400 
Total wholesale borrowings$12,150 $13,400 
Junior subordinated debentures584 582
Subordinated notes448 444
Total borrowed funds$13,182 $14,426 

Accrued interest on borrowed funds is included in Other liabilities in the Condensed Consolidated Statements of Condition and amounted to $47 million and $51 million at September 30, 2025 and December 31, 2024, respectively.
FHLB Advances

The contractual maturities and the next call dates of FHLB advances outstanding at September 30, 2025 were as follows:
Contractual MaturityEarlier of Contractual Maturity or Next Call Date
Year
Amount
Weighted Average Interest Rate
Amount
Weighted Average Interest Rate
2025$2,500 4.36 $2,750 4.28 
20263,000 4.70 3,000 4.70 
20274,000 4.47 4,000 4.47 
20282,400 4.71 2,400 4.71 
2032250 3.50 — — 
Total FHLB advances$12,150 $12,150 

Our FHLB available capacity has been expanded from overnight funding to 12-month tenor on new and rollover of existing advances. Our FHLB available capacity was $5.4 billion and $6.6 billion at September 30, 2025 and December 31, 2024, respectively.

Our FHLB advances include fixed-rate advances, floating-rate advances and advances under the FHLB convertible advance program, which gives the FHLB the option of either calling the advance after an initial lock-out period of up to five years and quarterly thereafter until maturity, or a one-time call at the initial call date.

At September 30, 2025, total borrowed funds decreased $1.2 billion compared to December 31, 2024 primarily due to the repayment of $250 million and $1.0 billion of FHLB advances upon maturity during the three months ended March 31, 2025 and June 30, 2025, respectively.
Junior Subordinated Debentures

We had $610 million at September 30, 2025 and December 31, 2024, of outstanding junior subordinated deferrable interest debentures (“junior subordinated debentures”) held by statutory business trusts (the “Trusts”) that issued guaranteed capital securities, excluding purchase accounting adjustments.

The following table presents contractual terms of the junior subordinated debentures outstanding at September 30, 2025:

IssuerInterest Rate of Capital Securities and Debentures
Junior Subordinated Debentures Amount Outstanding
Capital Securities Amount OutstandingDate of Original IssueStated Maturity
New York Community Capital Trust V (BONUSES Units) (1)
6.00 %$148 $142 November 04, 2002November 01, 2051
New York Community Capital Trust X (2)
5.90 %124 120 December 14, 2006December 15, 2036
PennFed Capital Trust III (2)
7.55 %31 30 June 02, 2003June 15, 2033
New York Community Capital Trust XI (2)
5.91 %59 58 April 16, 2007June 30, 2037
Flagstar Statutory Trust II (2)(3)
7.51 %26 25 December 26, 2002December 26, 2032
Flagstar Statutory Trust III (2)(3)
7.83 %26 25 February 19, 2003April 7, 2033
Flagstar Statutory Trust IV (2)(3)
7.51 %26 25 March 19, 2003March 19, 2033
Flagstar Statutory Trust V (2)(3)
6.58 %26 25 December 29, 2004January 07, 2035
Flagstar Statutory Trust VI (2)(3)
6.58 %26 25 March 30, 2005April 7, 2035
Flagstar Statutory Trust VII (2)(3)
6.05 %51 50 March 29, 2005June 15, 2035
Flagstar Statutory Trust VIII (2)(3)
6.08 %26 25 September 22, 2005October 7, 2035
Flagstar Statutory Trust IX (2)(3)
5.75 %26 25 June 28, 2007September 15, 2037
Flagstar Statutory Trust X (2)(3)
6.80 %15 15 August 31, 2007September 15, 2037
Total junior subordinated debentures
$610 $590 
(1)Callable subject to certain conditions as described in the prospectus filed with the SEC on November 4, 2002.
(2)Callable at any time.
(3)Excludes acquisition fair value adjustments of $26 million.

Subordinated Notes

At September 30, 2025 and December 31, 2024, we had a total of $448 million and $444 million, respectively, of fixed-to-floating rate subordinated notes outstanding:

Date of Original IssueStated MaturityInterest RateOriginal Issue Amount
(1)
November 6, 2018November 6, 20287.296%$300
(2)
October 28, 2020November 1, 20304.125%$150
(1)From and including the date of original issuance to, but excluding, November 6, 2023, the Notes bore interest at an initial rate of 5.90 percent per annum payable semi-annually. From and including November 6, 2023 to, but excluding, the maturity date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month SOFR plus 304.16 basis points payable quarterly.
(2)From and including the date of original issuance, the Notes will bear interest at a fixed rate of 4.125 percent through October 31, 2025, and a variable rate tied to SOFR thereafter until maturity. We have the option to redeem all or a part of the Notes beginning on November 1, 2025, and on any subsequent interest payment date.
v3.25.3
Pension Benefits
 9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Pension Benefits Pension Benefits
The following table sets forth certain disclosures for our pension plan for the periods indicated:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Components of net periodic pension expense (income):(1)
Interest cost$1 $1 $4 $3 
Expected return on plan assets(4)(4)(12)(12)
Amortization of net actuarial loss1 1 3 3 
Net periodic expense (income)
$(2)$(2)$(5)$(6)
(1)Amounts are included in General and administrative expense on the Condensed Consolidated Statements of (Loss) Income
v3.25.3
Federal, State, and Local Taxes
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Federal, State, and Local Taxes Federal, State, and Local Taxes
The following table sets forth the Company's income tax benefit and the effective tax rate for the periods indicated:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Income tax benefit
$(5)$(55)$(37)$(210)
Effective tax rate
12.2 %16.3 %15.2 %18.4 %
While it is reasonably possible that the amount of the unrecognized tax benefits with respect to certain of our uncertain tax positions could increase or decrease during the next twelve months, we believe it is unlikely that our recognized tax benefits will change by a material amount during the next twelve months.
v3.25.3
Stock-Based Compensation
 9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
We issue stock-based compensation in the form of RSUs, PSUs, and stock options through the New York Community Bancorp, Inc. 2020 Omnibus Incentive Plan. Additionally, we have also granted one-time stock options as employment inducement awards to certain key executives in accordance with Rule 303A.08 of the NYSE. As of September 30, 2025, we have authorized 7,063,627 shares available for grant. RSUs and PSUs are granted at the closing market price on the date of the grant. We generally utilize the Black-Scholes option pricing model to measure the fair value of stock options at the grant date. Forfeitures of RSUs, PSUs, and stock options are accounted for as they occur.

The following table presents total stock-based compensation expense and the related tax benefit for the periods indicated:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Stock-based compensation expense
17174639
Tax benefit
3386
Restricted Stock

We granted 5,199,148 shares of restricted stock, which vest over a one- to three-year period, with an average fair value of $11.57 per share on the date of grant, during the nine months ended September 30, 2025.

The following table provides a summary of activity with regard to RSUs:

Nine Months Ended September 30, 2025
Number of SharesWeighted Average Grant Date Fair Value
Unvested at beginning of year7,621,331$17.20 
Granted5,199,14811.57 
Vested(2,009,630)17.60 
Forfeited(2,222,194)15.36 
Unvested at end of period8,588,65514.17 

As of September 30, 2025, unrecognized compensation cost relating to unvested restricted stock totaled $90 million. This amount will be recognized over the remaining weighted average life of 2.2 years.

Stock Options
The following table summarizes stock option activity for the period indicated:

Nine Months ended September 30, 2025
Number of Options
Weighted-
Average
Exercise Price per Share
Unvested at beginning of year
12,083,000 $8.69 
Granted— — 
Vested(4,583,333)8.98 
Forfeited(1,000,000)9.21 
Unvested at end of period6,499,667 8.41 
Exercisable at end of period
5,833,333 
As of September 30, 2025, the remaining amount of unamortized compensation expense relating to stock options totaled $31 million. This amount will be recognized over the remaining weighted average life of 1.6 years.
v3.25.3
Derivative and Hedging Activities
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative and Hedging Activities Derivative and Hedging Activities
Derivative financial instruments are recorded at fair value in Other assets and Other liabilities on the Condensed Consolidated Statements of Condition. Our policy is to present our derivative assets and derivative liabilities on the Condensed Consolidated Statements of Condition on a gross basis, even when provisions allowing for set-off are in place. However, for derivative contracts cleared through certain central clearing parties, variation margin payments are recognized as settlements. We are exposed to non-performance risk by the counterparties to our various derivative financial instruments. A majority of our derivatives are centrally cleared through a Central Counterparty Clearing House or consist of residential mortgage interest rate lock commitments further limiting our exposure to non-performance risk. We may exchange cash collateral with derivative counterparties for initial margin or to cover the prior day's fair value of open positions. We believe that the non-performance risk inherent in our remaining derivative contracts is minimal based on credit standards and the collateral provisions of the derivative agreements.

Derivatives not designated as hedging instruments. We maintain a derivative portfolio of interest rate swaps, foreign currency swaps, futures, swaptions and forward commitments used to manage exposure to changes in interest rates and MSR asset values and to meet the needs of customers. We also enter into interest rate lock commitments, which are commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding and the customers have locked into that interest rate. Market risk on interest rate lock commitments and mortgage loans held for sale is managed using corresponding forward sale commitments and U.S. Treasury futures. Changes in the fair value of derivatives not designated as hedging instruments are recognized in current period earnings on the Condensed Consolidated Statements of (Loss) Income.

Derivatives designated as hedging instruments. We have historically designated certain interest rate swaps as cash flow hedges on overnight SOFR-based variable interest payments on FHLB advances. Beginning in the three months ended June 30, 2025, we have designated certain interest rate caps as cash flow hedges on overnight SOFR-based variable interest payments on FHLB advances. Changes in the fair value of derivatives designated as cash flow hedges are recorded in AOCL on the Condensed Consolidated Statements of Condition and reclassified into Interest expense - Borrowed funds on the Condensed Consolidated Statements of (Loss) Income in the same period in which the hedged transaction is recognized in earnings. Premiums paid on certain hedging instruments are accounted for separately from the hedge’s fair value and are amortized over the life of the derivative.

We have historically designated certain fixed-rate to variable-rate interest rate swaps as fair value hedges to hedge the changes in fair value of certain of our pools of fixed-rate assets. Beginning in the three months ended March 31, 2025, we designated certain fixed-rate to variable-rate interest rate swaps as fair value hedges to hedge the changes in fair value of certain debt securities available for sale. Changes in the fair value of derivatives designated as fair value hedges and the hedged item are recognized in Interest income within Loans and leases or Securities and money market investments on the Condensed Consolidated Statements of (Loss) Income. The fair value basis adjustments remaining from discontinued hedges are recognized in Interest income - Loans and leases on the Condensed Consolidated Statements of (Loss) Income over the remaining life of the hedged items.
The following tables set forth information regarding our derivative financial instruments:

September 30, 2025December 31, 2024
Fair ValueFair Value
Notional AmountOther AssetsOther LiabilitiesExpiration DatesNotional AmountOther AssetsOther LiabilitiesExpiration Dates
Derivatives designated as hedging instruments:
Interest rate swaps (fair value hedge)
$2,993 $— $— 2028-2029———
Interest rate caps (cash flow hedge) (1)
$2,000 $— $— 2028———
Derivatives not designated as hedging instruments:
Rate lock commitments (2)
$345 $3 $— 2025$563 $3 $3 2025
Mortgage-backed securities forwards (2)
211 — 1 2025344 7 2 2025
Interest rate swaps (3)
3,843 20 21 2025-20413,323 15 30 2024-2041
(1)Refer to Note 3 - Accumulated Other Comprehensive Loss for additional information related to the change in fair value and the amount recognized in income.
(2)During the three months ended September 30, 2025 and 2024, the amount recorded in Net gain on loan sales and securitizations in the Condensed Consolidated Statement of Income was immaterial. During the nine months ended September 30, 2025 and 2024, the amount recorded in Net gain on loan sales and securitizations in the Condensed Consolidated Statement of Income was immaterial and $20 million, respectively.
(3)During the three and nine months ended September 30, 2025, the amount recorded in Fee income in the Condensed Consolidated Statement of Income was immaterial. During the three and nine months ended September 30, 2024, the amount recorded in Net return on mortgage servicing rights in the Condensed Consolidated Statement of Income was $45 million and immaterial, respectively.

The following amounts were recorded in the Condensed Consolidated Statements of Condition related to items designated and qualifying as hedges items in a fair value hedging relationship:
September 30, 2025December 31, 2024
 Carrying Amount of Hedged Items  Cumulative Amount of Fair Value Hedging Adjustments Carrying Amount of Hedged Items Cumulative Amount of Fair Value Hedging Adjustments
U.S. treasury obligations
$1,015 $15 $— $— 
GSE CMOs2,026 7 — — 
GSE debentures
1,287 11 — — 
Debt securities available-for-sale(1)
$4,328 $33 $— $— 
Loans and leases held-for-investment(2)
$3,389 $(6)$5,861 $(18)
(1)During the three and nine months ended September 30, 2025 and 2024, the amount recorded in Interest income - Securities and money market investments in the Condensed Consolidated Statement of Income was immaterial.
(2)Relates to discontinued hedges on multi-family loans. During the three months ended September 30, 2025 and 2024, the amount recorded to Interest income - Loans and leases in the Condensed Consolidated Statement of Income was immaterial. During the nine months ended September 30, 2025 and 2024, the amount recorded to Interest income - Loans and leases was $10 million and $24 million, respectively.

The tables below present the gross derivative assets and liabilities, and the related cash pledged as collateral at September 30, 2025 and December 31, 2024. No amounts were netted in the Condensed Consolidated Statements of Condition.
September 30, 2025
Gross Amounts Not Offset in the Statements of Condition
Cash Collateral Pledged (Received)
Derivatives designated as hedging instruments:
Interest rate swaps (fair value hedge)
$— $65 
Interest rate caps (cash flow hedge)
— — 
Derivatives not designated as hedging instruments:
Assets
Interest rate swaptions$20 $— 
Total derivative assets$20 $— 
Liabilities
Mortgage-backed securities forwards$1 $1 
Interest rate swaps
21 40 
Total derivative liabilities$22 $41 
December 31, 2024
Gross Amounts Not Offset in the Statements of Condition
Cash Collateral Pledged (Received)
Derivatives not designated as hedging instruments:
Assets
Mortgage-backed securities forwards$7 $(2)
Interest rate swaptions15 (3)
Total derivative assets$22 $(5)
Liabilities
Mortgage-backed securities forwards$2 $10 
Interest rate swaps
30 47 
Total derivative liabilities$32 $57 

The following table provides a reconciliation of cash, cash equivalents and restricted cash within the Condensed Consolidated Statements of Condition that sum to the total of the same amounts shown in the Condensed Consolidated Statements of Cash Flows:

September 30, 2025
Cash and cash equivalents
$8,484 
Restricted cash included in other assets
75 
Total
$8,559 
v3.25.3
Intangible Assets
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
At September 30, 2025 and December 31, 2024, intangible assets consisted of the following:
September 30, 2025December 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying ValueGross Carrying AmountAccumulated AmortizationNet Carrying Value
Core deposit intangible$700 $(307)$393 $700 $(229)$471 
Other intangible assets21(7)1426 (9)17
Total other intangible assets$721 $(314)$407 $726 $(238)$488 

The following table presents our amortization expense for the periods indicated:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Amortization expense
263781105
v3.25.3
Fair Value Measures
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measures Fair Value Measures
Fair value is an “exit” price, representing the amount that would be received when selling an asset, or paid when transferring a liability in an orderly transaction between market participants. Fair value is determined based on assumptions that market participants would use in pricing an asset or liability.

Valuation Hierarchy: GAAP establishes a three-tier fair value hierarchy, which prioritizes the significant inputs used in measuring fair value as follows:

•Level 1 – Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
•Level 2 – Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
•Level 3 – Inputs to the valuation methodology are significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants use in pricing an asset or liability.

A financial instrument’s categorization within this valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

The following tables present assets and liabilities that were measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024, and that were included in the Condensed Consolidated Statements of Condition at those dates:
September 30, 2025

Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)(1)
Total Fair Value
Assets:
Mortgage-related debt securities available for sale:
GSE CMOs
$— $11,161 $— $11,161 
GSE certificates— 1,005 — 1,005 
Private label CMOs
— 138 23 161 
Total mortgage-related debt securities$— $12,304 $23 $12,327 
Other debt securities available for sale:
GSE debentures$— $1,286 $— $1,286 
U. S. treasury obligations
1,014 — — 1,014 
Asset-backed securities— 218 — 218 
Corporate bonds— 157 — 157 
Municipal bonds, foreign notes, and capital trust
— 50 — 50 
Total other debt securities$1,014 $1,711 $— $2,725 
Total debt securities available for sale$1,014 $14,015 $23 $15,052 
Equity securities:
Mutual funds and common stock$41 $14 $— $55 
Total equity securities$41 $14 $— $55 
Total securities$1,055 $14,029 $23 $15,107 
Loans held for sale
Commercial real estate(2)
$— $65 $— $65 
One-to-four family first mortgage
— 184 — 184 
Derivative assets
Interest rate swaps
— 20 — 20 
Rate lock commitments
— — 3 3 
Total assets at fair value$1,055 $14,298 $26 $15,379 
Derivative liabilities
Interest rate swaps
$— $21 $— $21 
Mortgage-backed securities forwards— 1 — 1 
Total liabilities at fair value$— $22 $— $22 
(1)The change in the fair value due to significant unobservable inputs was immaterial.
(2)Includes ADC loans.
December 31, 2024

Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)(1)
Total Fair Value
Assets:
Mortgage-related debt securities available for sale:
GSE CMOs
$— $7,304 $— $7,304 
GSE certificates—1,106—1,106
Private label CMOs
—13033163
Total mortgage-related debt securities$— $8,540 $33 $8,573 
Other debt securities available for sale:
GSE debentures$— $1,203 $— $1,203 
Corporate bonds—308—308
Asset-backed securities—236—236
Municipal bonds, foreign notes, and capital trust
—82—82
Total other debt securities$— $1,829 $— $1,829 
Total debt securities available for sale$— $10,369 $33 $10,402 
Equity securities:
Mutual funds and common stock$— $14 $— $14 
Total equity securities$— $14 $— $14 
Total securities$— $10,383 $33 $10,416 
Loans held for sale
One-to-four family first mortgage$— $382 $— $382 
Commercial real estate(2)
—182—182 
Derivative assets
Interest rate swaps
— 15 — 15 
Mortgage-backed securities forwards— 7 — 7 
Rate lock commitments
— — 3 3 
Mortgage servicing rights— — 26 26 
Total assets at fair value$— $10,969 $62 $11,031 
Derivative liabilities
Interest rate swaps and swaptions$— $30 $— $30 
Rate lock commitments
— — 3 3 
Mortgage-backed securities forwards— 2 — 2 
Total liabilities at fair value$— $32 $3 $35 
(1)The change in the fair value due to significant unobservable inputs was immaterial.
(2)Includes ADC loans.

A description of the methods and significant assumptions utilized in estimating the fair values of securities is as follows:
Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities include highly liquid government securities and exchange-traded securities.
If quoted market prices are not available for a specific security, then fair values are estimated by using pricing models. These pricing models primarily use market-based or independently-sourced market parameters as inputs, including, but not limited to, yield curves, interest rates, equity or debt prices, and credit spreads. In addition to observable market information, models incorporate transaction details such as maturity and cash flow assumptions. Securities valued in this manner would generally be classified within Level 2 of the valuation hierarchy, and primarily include such instruments as mortgage-related and corporate debt securities.
Assets Measured at Fair Value on a Non-Recurring Basis
The following tables present assets that were measured at fair value on a non-recurring basis:

Fair Value Measurements at September 30, 2025 Using

Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Total Fair Value
Loans held for investment(1)
$— $— $3,083 $3,083 
Loans held for sale— 286 — 286 
Other assets(2)
— — 32 32 
Total$— $286 $3,115 $3,401 
(1)Represents the fair value of impaired loans, based primarily on the value of the collateral less costs to sell.
(2)Primarily comprised of equity securities without readily determinable fair values.

Fair Value Measurements at December 31, 2024 Using

Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Total Fair Value
Loans held for investment(1)
$— $— $2,469 $2,469 
Loans held for sale— 335 — 335 
Other assets (2)
— — 52 52 
Total$— $335 $2,521 $2,856 
(1)Represents the fair value of impaired loans, based primarily on the value of the collateral less costs to sell.
(2)Represents the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets and equity securities without readily determinable fair values. These equity securities are classified as Level 3 due to the infrequency of the observable prices and/or the restrictions on the shares.
The fair values of collateral-dependent impaired loans are determined using various valuation techniques, including consideration of appraised values and other pertinent real estate and market data.
Other Fair Value Disclosures
For the disclosure of fair value information about our on- and off-balance sheet financial instruments, when available, quoted market prices are used as the measure of fair value. In cases where quoted market prices are not available, fair values are based on present-value estimates or other valuation techniques. Such fair values are significantly affected by the assumptions used, the timing of future cash flows, and the discount rate.
Because assumptions are inherently subjective in nature, estimated fair values cannot be substantiated by comparison to independent market quotes. Furthermore, in many cases, the estimated fair values provided would not necessarily be realized in an immediate sale or settlement of such instruments.
The following tables summarize the carrying values, estimated fair values, and fair value measurement levels of financial instruments that were not carried at fair value on the Company’s Condensed Consolidated Statements of Condition:

September 30, 2025
Fair Value Measurement Using

Carrying ValueEstimated Fair ValueQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Financial Assets:
Cash and cash equivalents$8,484 $8,484 $8,484 $— $— 
FHLB and FRB-NY stock (1)
1,018 1,018 — 1,018 — 
Loans and leases held for investment, net(2)
61,590 57,767 — — 57,767 
Financial Liabilities:
Deposits$69,152 $69,136 $46,783 
(3)
$22,353 
(4)
$— 
Borrowed funds13,182 12,965 — 12,965 — 
(1)Carrying value and estimated fair value are at cost.
(2)Carrying value and estimated fair value include impaired loans held for investment.
(3)Includes interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts.
(4)Includes CDs.


December 31, 2024
Fair Value Measurement Using

Carrying ValueEstimated Fair ValueQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Financial Assets:
Cash and cash equivalents$15,430 $15,430 $15,430 $— $— 
FHLB and FRB-NY stock (1)
1,1461,146— 1,146— 
Loans and leases held for investment, net(2)
67,07161,831— — 61,831
Financial Liabilities:
Deposits$75,870 $75,894 $48,546 
(3)
$27,348 
(4)
$— 
Borrowed funds14,42614,217— 14,217— 
(1)Carrying value and estimated fair value are at cost.
(2)Carrying value and estimated fair value include impaired loans held for investment.
(3)Includes interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts.
(4)Includes CDs.

The methods and significant assumptions used to estimate fair values for the Company’s financial instruments follow:
Cash and Cash Equivalents
Cash and cash equivalents include cash and due from banks and federal funds sold. The estimated fair values of cash and cash equivalents are assumed to equal their carrying values, as these financial instruments are either due on demand or have short-term maturities.
Securities
If quoted market prices are not available for a specific security, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. These pricing models primarily use market-based or independently-sourced market parameters as inputs, including, but not limited to, yield curves, interest rates, equity or debt prices, and credit spreads. In addition to observable market information, pricing models also incorporate transaction details such as maturities and cash flow assumptions.
Federal Home Loan Bank Stock
Ownership in equity securities of the FHLB is generally restricted and there is no established liquid market for their resale.
Loans and leases
We disclose the fair value of loans measured at amortized cost using an exit price notion. We determine the fair value on substantially all of our loans for disclosure purposes, on an individual loan basis. The discount rates reflect current market rates for loans with similar terms to borrowers having similar credit quality on an exit price basis. For those loans where a discounted cash flow technique was not considered reliable, we used a quoted market price for each individual loan.

Deposits

The fair values of deposit liabilities with no stated maturity (i.e., interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts) are equal to the carrying amounts payable on demand. The fair values of CDs represent contractual cash flows, discounted using interest rates currently offered on deposits with similar characteristics and remaining maturities. These estimated fair values do not include the intangible value of core deposit relationships, which comprise a portion of our deposit base.
Borrowed Funds
The estimated fair value of borrowed funds is based either on bid quotations received from securities dealers or the discounted value of contractual cash flows with interest rates currently in effect for borrowed funds with similar maturities and structures.
Off-Balance Sheet Financial Instruments
The fair values of commitments to extend credit and unadvanced lines of credit are estimated based on an analysis of the interest rates and fees currently charged to enter into similar transactions, considering the remaining terms of the commitments and the creditworthiness of the potential borrowers. The estimated fair values of such off-balance sheet financial instruments were insignificant at September 30, 2025 and December 31, 2024.

Fair Value Option
We elected the fair value option for certain items as discussed throughout the Notes to the Condensed Consolidated Financial Statements to more closely align the accounting method with the underlying economic exposure.
The following table reflects the change in fair value included in earnings of financial instruments for which the fair value option has been elected:


Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Assets:
Loans held for sale:
Net gain on loan sales and securitizations
$5 $63 $18 $78 
The following table reflects the difference between the aggregate fair value and aggregate remaining contractual principal balance outstanding for assets and liabilities for which the fair value option has been elected:

September 30, 2025December 31, 2024

Unpaid Principal BalanceFair ValueFair Value Over / (Under) UPBUnpaid Principal BalanceFair ValueFair Value Over / (Under) UPB
Assets:
Non-accrual loans:
Loans held for sale$4 $4 $— $4 $4 $— 
Total non-accrual loans$4 $4 $— $4 $4 $— 
Accrual loans:
Loans held for sale$243 $245 $2 $553 $560 $7 
Loans held-for-investment— — — 67 66 (1)
Total accrual loans$243 $245 $2 $620 $626 $6 
Total loans:
Loans held for sale$247 $249 $2 $557 $564 $7 
Loans held-for-investment— — — 67 — 66 (1)
Total loans$247 $249 $2 $624 $630 $6 
v3.25.3
Mezzanine and Stockholders' Equity
 9 Months Ended
Sep. 30, 2025
Temporary Equity Disclosure [Abstract]  
Mezzanine and Stockholders' Equity Mezzanine and Stockholders' Equity
The following table and paragraphs summarize our preferred stock as of September 30, 2025:

Preferred Stock Series
Amount Outstanding
Shares AuthorizedShares Issued
Shares Outstanding
Par Value
Liquidation Preference Per Share
6.375% Fixed-to-Floating Rate Perpetual Noncumulative Series A
$503 5,000,000 515,000 515,000 $0.01 $1,000 
Fixed Rate Perpetual Noncumulative Convertible Series B
$1 267,062 192,062 750 $0.01 $— 
13.00% Fixed Rate Perpetual Noncumulative Convertible Series C
$— 523,369 — — $0.01 $2,000 
Non-Voting Common Equivalent Series D
$— 315,000 45 15 $0.01 $0.0001 

Series A Preferred stock

Each Series A preferred depositary share represents a 1/40th interest in a share of our Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred Stock, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share). Dividends accrue on the shares at a fixed rate equal to 6.375 percent per annum until March 17, 2027, and a floating rate equal to three-month SOFR plus 408.26 basis points per annum beginning on March 17, 2027. Dividends are payable in arrears on March 17, June 17, September 17, and December 17 of each year, which commenced on June 17, 2017. For the nine months ended September 30, 2025, we paid $25 million of dividends on our Series A preferred stock.

Series B Preferred Stock

As of September 30, 2025, Series B Noncumulative Convertible Preferred Stock (the "Series B Preferred Stock") represented the right (on an as-converted basis) to receive approximately 250,000 shares of our common stock. Series B Preferred Stock shareholders do not have voting rights, except in limited circumstances.
The Series B Preferred Stock is classified in mezzanine equity as it is contingently convertible into shares of preferred stock that are redeemable for cash, contingent on events that are not solely in our control. The Series B Preferred Stock is not remeasured because it is currently not probable that it will become redeemable. For the nine months ended September 30, 2025, we paid an immaterial amount of dividends on our Series B preferred stock.

Warrants

Warrants to purchase shares of Series D NVCE Stock, par value $0.01 per share, for an initial exercise price of $2,500 per share (collectively, the "Warrants"), were issued in conjunction with the March 2024 capital raise. The Warrants were not exercisable until September 10, 2024 and expire 7 years after issuance. Pursuant to the terms of the Warrants, as a result of the dividend paid on shares of our common stock, the exercise price of the Warrants was reduced to $2,481 as of September 30, 2025. At the time of issuance, the Warrants entitled the holders thereof to receive an aggregate of 315,000 shares of Series D NVCE Stock (subject to net settlement of shares) upon exercise of the Warrants. The 315,000 shares of Series D NVCE Stock are convertible into 105,000,000 shares of common stock at a strike price of $7.44 per share, as adjusted for dividends, as of September 30, 2025.
v3.25.3
Commitments and Contingencies
 9 Months Ended
Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Loan Commitments and Letters of Credit

In the normal course of business, we have various commitments outstanding to extend credit in the form of loan originations, as well as commercial, performance and financial stand-by letters of credit, which are not included on our Condensed Consolidated Statements of Condition.

The following table summarizes our off-balance sheet commitments to originate loans and letters of credit:

(in millions)September 30, 2025December 31, 2024
Multi-family and Commercial real estate(1)
$748 $2,478 
One-to-four family including interest rate locks1,381 725 
Other loan commitments10,396 9,837 
Total loan commitments$12,525 $13,040 
Stand-by letters of credit
661 803 
Total commitments(2)
$13,186 $13,843 
(1)Includes ADC loans.
(2)The allowance for unfunded commitments is $57 million and $50 million as of September 30, 2025 and December 31, 2024, respectively, and is included in Other liabilities.

These commitments consist of agreements to extend credit as long as there is no violation of any condition established in the contract under which the loan is made. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. The fees we collect in connection with the issuance of letters of credit are included in Fee income in the Condensed Consolidated Statements of (Loss) Income.

These instruments involve, to varying degrees, elements of credit and interest rate risk beyond the amount recognized on the Condensed Consolidated Statements of Condition. Our exposure to credit losses in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The contractual amount of standby letters of credit represents the maximum potential amount of future payments that we could be required to make and represents our maximum credit risk. We utilize the same credit policies in making commitments and conditional obligations as we do for balance sheet instruments.

Legal Proceedings

We are involved in various legal actions arising in the ordinary course of its business, including stockholder, class and derivative actions. The outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies is uncertain, whether currently existing or commencing in the future, including with respect to any litigation, investigation or other regulatory actions related to: (i) the business and disclosure practices of acquired companies, including our acquisition of Flagstar Bancorp and the purchase and assumption of certain assets and liabilities of Signature Bridge Bank,
N.A. (“Signature”), (ii) the capital raise transaction we completed in March of 2024, (iii) the material weaknesses in internal control over financial reporting disclosed in our most recent Annual Report on Form 10-K, (iv) past cyber security breaches, and (v) recent events and circumstances involving the Company, including our full year 2023 earnings announcement, disclosures regarding credit losses, provisioning and goodwill impairment, and negative news and expectations about the prospects of the Company (and associated stock price volatility and changes).
We have established an accrual related to the legal actions where we believe that a loss is probable, and the amount can be reasonably estimated. When we can do so, we also determine estimates of reasonably possible losses or ranges of reasonably possible losses, whether in excess of any related accrued liability or where there is no accrued liability. We currently estimate the range of reasonably possible losses in excess of amounts accrued at September 30, 2025 is immaterial.
There can be no assurance: (i) that we will not incur material losses due to damages, penalties, costs and/or expenses as a result of such litigation, investigations or regulatory proceedings, (ii) that the reserves we have established will be sufficient to cover such losses, or (iii) that such losses will not materially exceed such reserves and have a material impact on our financial condition or results of operations. We may incur significant legal expenses in defending such litigation, or as a result of its involvement in such investigations or regulatory proceedings, during the pendency of these matters, and in connection with any other potential cases, including expenses for the potential reimbursement of legal fees of officers and directors under indemnification obligations.
Signature Bridge Bank
On March 20, 2023, Flagstar Bank entered into a Purchase and Assumption Agreement (the “Agreement”) with the FDIC, as receiver of Signature, to acquire certain assets and assume certain liabilities of Signature (the “Signature Transaction”). In connection with the Signature Transaction, Flagstar Bank assumed all of Signature’s branches. Flagstar Bank acquired only certain parts of Signature it believed to be financially and strategically complementary that were intended to enhance its future growth.
Pursuant to the terms of the Agreement, Flagstar Bank was not required to make a cash payment to the FDIC on March 20, 2023, as consideration for the acquired assets and assumed liabilities. Any items identified that affected the bargain gain were recorded in the period they were identified as a result of ongoing discussion that impacted the assets and liabilities acquired or assumed through the three months end March 31, 2024. Due to the complexity of the transaction that included only certain assets and liabilities of Signature and the servicing agreement, which ceased on March 20, 2024, Flagstar Bank remains engaged with the FDIC regarding the net settlement of historical activity. This is expected to take time to resolve and may result in net settlement payments to or from the FDIC which could impact other income or expense which, although not expected, could be material to the financial statements in future periods.
v3.25.3
Segment Reporting
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
Our chief operating decision maker is the Chief Executive Officer. We have evaluated our operating structure and determined that we operate in one reportable segment, which constitutes our only operating segment. Our chief operating decision maker regularly evaluates the performance of the business as a whole, with financial results reviewed on a consolidated basis.
Given the current focus on our operations, products, and services, the chief operating decision maker does not assess performance or make operating decisions based on distinct geographic or product line divisions as the focus has been on consolidated cost measures and realigning business operations to ensure long-term profitability. A current focus of the chief operating decision maker is on the primary revenue sources and the costs of the organization. Therefore, the chief operating decision maker considers each element of noninterest expense in decision making about how to allocate the resources of the company. Additionally, the chief operating decision maker is focused on the key consolidated revenue sources, most notably NII, which led to the decision to sell certain portions of our business and certain loan portfolios. Our significant revenues and expenses are reported on the face of the Condensed Consolidated Statements of (Loss) Income. As a result, our financial performance is reviewed as a single operating segment.
v3.25.3
Insider Trading Arrangements
 3 Months Ended
Sep. 30, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.3
Organization and Basis of Presentation (Policies)
 9 Months Ended
Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
The accompanying condensed consolidated financial statements include our accounts and other entities in which we have a controlling financial interest. Our accompanying financial statements conform to GAAP and to general practices within the banking industry. The preparation of financial statements in conformity with GAAP requires us to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period.
The condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included on our Form 10-K for the year ended December 31, 2024. Except for per share or otherwise specified amounts, all amounts presented within the tables below are stated in millions.
Consolidation All inter-company accounts and transactions are eliminated in consolidation. We currently have certain unconsolidated subsidiaries in the form of wholly-owned statutory business trusts, which were formed to issue guaranteed capital securities.
Earnings per Common Share
EPS is calculated under the two-class method as the unvested RSUs granted by the Company are considered participating securities due to the awards' non-forfeitable rights to dividends paid on our common stock. Under the two-class method, all earnings, distributed and undistributed, are allocated to common stock and participating securities based on their respective rights to receive dividends on our common stock.

Basic and diluted earnings per share are computed by dividing Net income attributable to common stockholders by the weighted-average common shares outstanding in the period. Diluted earnings per share is computed by giving effect to all potentially dilutive securities that are outstanding. The potential dilutive effect of our warrants and convertible preferred stock is determined using the if-converted method and the potential dilutive effect of our stock options and stock-based awards is determined using the treasury stock method. Potentially dilutive common shares are excluded from the computation of diluted earnings per share in periods where the effect would be antidilutive.
Lessor Arrangements We provide equipment leases, mainly to large, investment-grade corporate clients. These qualify as direct financing leases which are recorded based upon the lease payments, estimated residual values and direct costs, excluding unearned income and uses the implicit interest rate to determine the value. Lease terms typically range from 24 to 120 months. We base residual value estimates on asset life, market value, and lessee behavior using industry data and third-party appraisals. At the end of the lease term, the lessee can renew the lease term, return, or purchase the equipment at its fair value. Impairment of residual values occurs if its fair value is less than its carrying amount. We review our direct financing leases for impairment annually. We utilize residual value insurance for certain of our direct finance leases.
Lessee Arrangements
We have operating leases for offices, branches, equipment and other items, generally with terms of 20 years or less. Many of our leases contain options to extend or terminate early and we consider these options when evaluating the lease term to determine if they are reasonably certain to be exercised based on all relevant economic and financial factors.

At lease inception, lease liabilities are recognized in Other liabilities based on the present value of remaining lease payments, discounted using our incremental borrowing rate if no implicit rate in the lease is available. Right-of-use assets, recognized in Other assets, represent our right to use an underlying asset for the lease term and are initially equal to the lease liability, adjusted for any payments made prior to lease commencement and any lease incentives.
Variable costs such as the proportionate share of actual costs for utilities, common area maintenance, property taxes and insurance are not included in the lease liability and are recognized in the period in which they are incurred.
Fair Value Measures
Fair value is an “exit” price, representing the amount that would be received when selling an asset, or paid when transferring a liability in an orderly transaction between market participants. Fair value is determined based on assumptions that market participants would use in pricing an asset or liability.

Valuation Hierarchy: GAAP establishes a three-tier fair value hierarchy, which prioritizes the significant inputs used in measuring fair value as follows:

•Level 1 – Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
•Level 2 – Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
•Level 3 – Inputs to the valuation methodology are significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants use in pricing an asset or liability.
A financial instrument’s categorization within this valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.
Fair Value of Assets Acquired and Liabilities Assumed
The methods and significant assumptions used to estimate fair values for the Company’s financial instruments follow:
Cash and Cash Equivalents
Cash and cash equivalents include cash and due from banks and federal funds sold. The estimated fair values of cash and cash equivalents are assumed to equal their carrying values, as these financial instruments are either due on demand or have short-term maturities.
Securities
If quoted market prices are not available for a specific security, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. These pricing models primarily use market-based or independently-sourced market parameters as inputs, including, but not limited to, yield curves, interest rates, equity or debt prices, and credit spreads. In addition to observable market information, pricing models also incorporate transaction details such as maturities and cash flow assumptions.
Federal Home Loan Bank Stock
Ownership in equity securities of the FHLB is generally restricted and there is no established liquid market for their resale.
Loans and leases
We disclose the fair value of loans measured at amortized cost using an exit price notion. We determine the fair value on substantially all of our loans for disclosure purposes, on an individual loan basis. The discount rates reflect current market rates for loans with similar terms to borrowers having similar credit quality on an exit price basis. For those loans where a discounted cash flow technique was not considered reliable, we used a quoted market price for each individual loan.

Deposits

The fair values of deposit liabilities with no stated maturity (i.e., interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts) are equal to the carrying amounts payable on demand. The fair values of CDs represent contractual cash flows, discounted using interest rates currently offered on deposits with similar characteristics and remaining maturities. These estimated fair values do not include the intangible value of core deposit relationships, which comprise a portion of our deposit base.
Borrowed Funds
The estimated fair value of borrowed funds is based either on bid quotations received from securities dealers or the discounted value of contractual cash flows with interest rates currently in effect for borrowed funds with similar maturities and structures.
Off-Balance Sheet Financial Instruments
The fair values of commitments to extend credit and unadvanced lines of credit are estimated based on an analysis of the interest rates and fees currently charged to enter into similar transactions, considering the remaining terms of the commitments and the creditworthiness of the potential borrowers. The estimated fair values of such off-balance sheet financial instruments were insignificant at September 30, 2025 and December 31, 2024.
v3.25.3
Earnings Per Common Share (Tables)
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss Per Share of Common Stock
The following table reflects basic and diluted weighted average shares and net loss per share:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Net (loss) attributable to common stockholders
$(45)$(289)$(231)$(957)
Less: Income allocated to participating securities
— — — — 
(Loss) attributable to common stock
$(45)$(289)$(231)$(957)
Weighted average common shares outstanding
415,563,380366,637,882415,173,630302,382,890
Basic (loss) per common share
$(0.11)$(0.79)$(0.56)$(3.16)
(Loss) attributable to common stock
$(45)$(289)$(231)$(957)
Weighted average common shares outstanding
415,563,380366,637,882415,173,630302,382,890
Dilutive potential common shares
————
Total shares for diluted earnings per common share computation
415,563,380 366,637,882 415,173,630302,382,890
Diluted (loss) per common share and common share equivalents
$(0.11)$(0.79)$(0.56)$(3.16)
v3.25.3
Accumulated Other Comprehensive Loss (Tables)
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Loss
The table below summarizes the changes in AOCL, net of tax:

Debt Securities AFS
Cash Flow Hedges
Pension and Post-retirement Plans
Total
Three Months Ended September 30, 2025
Balance, beginning of period
$(544)$35 $(33)$(542)
Other comprehensive income (loss) before reclassification, net of tax(1)
50——50
Amounts reclassified from AOCL, net of tax
—(4)1(3)
   Other comprehensive income (loss), net of tax
50(4)147
Balance, end of period
$(494)$31 $(32)$(495)
Three Months Ended September 30, 2024
Balance, beginning of period
$(674)$88 $(28)$(614)
Other comprehensive income (loss) before reclassification, net of tax(1)
206(1)1206
Amounts reclassified from AOCL, net of tax
—(13)—(13)
   Other comprehensive income (loss), net of tax
206(14)1193
Balance, end of period
$(468)$74 $(27)$(421)
Nine Months Ended September 30, 2025
Balance, beginning of period
$(653)$47 $(34)$(640)
Other comprehensive income (loss) before reclassification, net of tax(2)
159——159
Amounts reclassified from AOCL, net of tax
—(16)2(14)
   Other comprehensive income (loss), net of tax
159(16)2145
Balance, end of period
$(494)$31 $(32)$(495)
Nine Months Ended September 30, 2024
Balance, beginning of period
$(581)$10 $(28)$(599)
Other comprehensive income (loss) before reclassification, net of tax(2)
113106(1)218
Amounts reclassified from AOCL, net of tax
—(42)2(40)
   Other comprehensive income (loss), net of tax
113641178
Balance, end of period
$(468)$74 $(27)$(421)
(1)During the three months ended September 30, 2025 and 2024, the tax impact on amount of gain (loss) recognized in AOCL on cash flow hedges was immaterial. During the three months ended September 30, 2025 and 2024, the tax impact on amount of gain (loss) recognized in AOCL on debt securities AFS was $(18) million and $(71) million, respectively.
(2)During the nine months ended September 30, 2025 and 2024, the tax impact on amount of gain (loss) recognized in AOCL on cash flow hedges was immaterial and $(36) million, respectively. During the nine months ended September 30, 2025 and 2024, the tax impact on amount of gain (loss) recognized in debt securities AFS was $(56) million and $(40) million, respectively.
Schedule of Reclassification Out of Accumulated Other Comprehensive Loss
The following table summarizes the amounts reclassified from AOCL, net of tax:

Amount Reclassified out of AOCL
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024Affected Line Item in the Condensed Consolidated Statements of (Loss) Income
Cash Flow Hedges:
Realized gain on cash flow hedges
$6 $18 $22 $57 
Interest expense - Borrowed funds
Tax benefit (expense)
(2)(5)(6)(15)
Income tax (benefit)
$4 $13 $16 $42 
Pension and Post-retirement Plans:
Amortization of actuarial losses
(1)(1)(3)(3)
General and administrative
Tax benefit (expense)
— 1 1 1 
Income tax (benefit)
$(1)$— $(2)$(2)
Amounts reclassified from AOCL, net of tax$3 $13 $14 $40 
v3.25.3
Investment Securities (Tables)
 9 Months Ended
Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Held-to-Maturity and Available-for-Sale Securities
The following tables summarize our portfolio of debt securities available for sale:

September 30, 2025

Amortized Cost
Gross Unrealized GainGross Unrealized LossFair Value
Debt securities available for sale
Mortgage-Related Debt Securities:
GSE CMOs$11,476 $56 $371 $11,161 
GSE certificates1,130 1 126 1,005 
Private label CMOs
150 11 — 161 
Total mortgage-related debt securities$12,756 $68 $497 $12,327 
Other Debt Securities:
GSE debentures$1,502 $— $216 $1,286 
U. S. treasury obligations
1,000 14 — 1,014 
Asset-backed securities (1)
222 — 4 218 
Corporate bonds164 — 7 157 
Capital trust notes47 6 8 45 
Municipal bonds5 — — 5 
Total debt securities
$2,940 $20 $235 $2,725 
Total debt securities available for sale, net of allowance(2)(3)(4)
$15,696 $88 $732 $15,052 
(1)At September 30, 2025, substantially all of our debt securities available for sale are comprised of securities issued by GSEs or are explicitly guaranteed by the U.S. government.
(2)As of September 30, 2025, the ACL was $2 million.
(3)Excludes accrued interest receivable of $43 million included in Other assets in the Condensed Consolidated Statements of Condition.
(4)We pledged investment securities of $14.8 billion as collateral for certain borrowings.

December 31, 2024

Amortized Cost
Gross Unrealized GainGross Unrealized LossFair Value
Debt securities available for sale
Mortgage-Related Debt Securities:
GSE CMOs$7,724 $27 $447 $7,304 
GSE certificates1,273 — 167 1,106 
Private label CMOs
158 6 1 163 
Total mortgage-related debt securities$9,155 $33 $615 $8,573 
Other Debt Securities:
GSE debentures$1,502 $— $299 $1,203 
Corporate bonds314 — 6 308 
Asset-backed securities (1)
237 1 2 236 
Capital trust notes47 5 10 42 
Foreign notes35 — — 35 
Municipal bonds5 — — 5 
Total debt securities
$2,140 $6 $317 $1,829 
Total securities available for sale, net of allowance(2)(3)(4)
$11,295 $39 $932 $10,402 
(1)At December 31, 2024, substantially all of our debt securities available for sale are comprised of securities issued by GSEs or are explicitly guaranteed by the U.S. government.
(2)As of December 31, 2024, the ACL was $3 million.
(3)Excludes accrued interest receivable of $35 million included in Other assets in the Condensed Consolidated Statements of Condition.
(4)We pledged investment securities of $10.2 billion as collateral for certain borrowings.
Schedule of Amortized Cost and Estimated Fair Value of Securities by Contractual Maturity
The following table summarizes, by contractual maturity, the fair value of securities at September 30, 2025:

Mortgage- Related SecuritiesU.S. Government and GSE ObligationsCorporate and Other Bonds
Asset-Backed Securities
Total
Available-for-Sale Debt Securities:
Due within one year$1 $— $— $— $1 
Due from one to five years122 1,080 143 — 1,345 
Due from five to ten years240 1,220 26 — 1,486 
Due after ten years11,964 — 38 218 12,220 
Total debt securities available for sale, net of allowance
$12,327 $2,300 $207 $218 $15,052 
Schedule of Unrealized Loss Positions on Investment Securities Held-to-Maturity
The following table presents debt securities having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of September 30, 2025:

Number of Debt Securities(1)
Less than Twelve MonthsTwelve Months or LongerTotal

Fair ValueUnrealized LossFair ValueUnrealized LossFair ValueUnrealized Loss
Debt securities in a continuous unrealized loss position:
GSE CMOs
230 $899 $1 $3,037 $370 $3,936 $371 
U.S. Government agency and GSE obligations33 — — 1,287 216 1,287 216 
GSE certificates326 — — 948 126 948 126 
Corporate bonds6 — — 157 7 157 7 
Asset-backed securities5 14 — 142 4 156 4 
Capital trust notes5 — — 35 8 35 8 
Private Label CMOs
1 — — 14 — 14 — 
Municipal bonds1 — — 5 — 5 — 
Total debt securities in a continuous unrealized loss position
607 $913 $1 $5,625 $731 $6,538 $732 
(1)Count of securities that have been in a loss position for twelve or more months.
The following table presents debt securities having a continuous unrealized loss position for less than twelve months and for twelve months or longer as of December 31, 2024:

Number of Debt Securities(1)
Less than Twelve MonthsTwelve Months or LongerTotal
Fair ValueUnrealized LossFair ValueUnrealized LossFair ValueUnrealized Loss
Debt securities in a continuous unrealized loss position:
GSE CMOs
223 $1,636 $3 $2,822 $444 $4,458 $447 
U.S. Government agency and GSE obligations33 — — 1,203 299 1,203 299 
GSE certificates328 38 — 1,040 167 1,078 167 
Corporate bonds11 — — 308 6 308 6 
Asset-backed securities5 — — 154 2 154 2 
Capital trust notes5 — — 33 10 33 10 
Private Label CMOs
2 — — 17 1 17 1 
Foreign notes1 — — 10 — 10 — 
Municipal bonds1 — — 5 — 5 — 
Total debt securities in a continuous unrealized loss position
609 $1,674 $3 $5,592 $929 $7,266 $932 
(1)Count of securities that have been in a loss position for twelve or more months.
Schedule of Company Holding Shares of FHLB-NY Stock and FHLB-Indianapolis Stock
We also carry shares in the following entities at cost:

September 30, 2025December 31, 2024
FHLB-Indianapolis
$255 $329 
FHLB-New York
542 598
Federal Reserve Bank stock
221 219
v3.25.3
Loans and Leases (Tables)
 9 Months Ended
Sep. 30, 2025
Receivables [Abstract]  
Schedule of Components
The composition of our loan portfolio for the periods indicated was as follows:

September 30, 2025December 31, 2024

AmountPercent of
Loans
Held for
Investment		AmountPercent of
Loans
Held for
Investment
Loans and leases held for investment:
Multi-family$30,466 48.7 %$34,093 49.9 %
Commercial real estate(1)
10,163 16.2 %11,836 17.4 %
One-to-four family first mortgage5,513 8.8 %5,201 7.6 %
Commercial and industrial(2)
14,874 23.7 %15,376 22.5 %
Other1,645 2.6 %1,766 2.6 %
Total loans and leases held for investment (3)(4)
$62,661 100.0 %$68,272 100.0 %
Allowance for credit losses on loans and leases(1,071)(1,201)
Total loans and leases held for investment, net$61,590 $67,071 
Loans held for sale
535 899 
Total loans and leases, net$62,125 $67,970 
(1)Includes ADC loans.
(2)Includes lease financing receivables (net of unearned income of $137 million and $169 million) of $1.8 billion and $2.1 billion, respectively.
(3)Excludes accrued interest receivable of $260 million and $277 million at September 30, 2025 and December 31, 2024, respectively, which is included in Other assets in the Condensed Consolidated Statements of Condition.
(4)We pledged loans of $32.3 billion and $44.6 billion between the FHLB and FRB-NY to serve as collateral for our wholesale borrowings at September 30, 2025 and December 31, 2024, respectively.
Schedule of Collateral
The following table summarizes the recorded investment of our collateral-dependent loans held for investment by collateral type as of September 30, 2025:


Real Property
Multi-family$2,435 
Commercial real estate(1)
545 
One-to-four family first mortgage59 
Commercial and industrial16 
Total collateral-dependent loans held for investment$3,055 
(1)Includes ADC loans.
Schedule of Quality of Loans Held for Investment
The following table presents information regarding the delinquency status of our loans held for investment at September 30, 2025:

Current
Loans 30-89 Days Past Due
Non-Accrual Loans
Total Loans Receivable
Multi-family$27,682 $344 $2,440 $30,466 
Commercial real estate(1)
9,495 117 551 10,163 
One-to-four family first mortgage5,424 19 70 5,513 
Commercial and industrial(2)
14,686 34 154 14,874 
Other1,598 21 26 1,645 
Total$58,885 $535 $3,241 $62,661 
(1)Includes ADC loans.
(2)Includes lease financing receivables.
The following table presents information regarding the delinquency status of our loans held for investment at December 31, 2024:


Current
Loans 30-89 Days Past DueNon-Accrual Loans
Total Loans Receivable
Multi-family$31,589 $749 $1,755 $34,093 
Commercial real estate(1)
11,202 70 564 11,836 
One-to-four family first mortgage5,106 25 70 5,201 
Commercial and industrial(2)
15,064 110 202 15,376 
Other1,731 11 24 1,766 
Total$64,692 $965 $2,615 $68,272 
(1)Includes ADC loans.
(2)Includes lease financing receivables.
Schedule of Loans Held for Investment by Credit Quality Indicator
The following table presents the credit rating by vintage for our loans held for investment as of September 30, 2025:

Term Loans
Revolving
Loans		Revolving
Loans Converted to Term Loans
Amortized Cost Basis by Closing Year

2025
2024
2023
2022
2021
Prior To
2021
Total
Multi-family:
Pass$16 $15 $578 $6,362 $5,313 $8,587 $4 $132 $21,007 
Special Mention— — 24 480 923 718 — — 2,145 
Substandard— — 140 599 1,001 3,132 2 — 4,874 
Non-accrual
— — 12 315 355 1,758 — — 2,440 
Total Multi-family
16 15 754 7,756 7,592 14,195 6 132 30,466 
Year to date gross charge-offs
— — — (45)(59)(134)— — (238)
Commercial Real Estate:(1)
Pass$600 $420 $1,126 $1,490 $963 $2,378 $1,050 $155 $8,182 
Special Mention— — 55 59 18 99 42 24 297 
Substandard— 10 62 155 82 552 167 105 1,133 
Non-accrual
— — 3 74 15 455 2 2 551 
Total Commercial Real Estate
600 430 1,246 1,778 1,078 3,484 1,261 286 10,163 
Year to date gross charge-offs
— — (6)(1)(7)(27)— — (41)
One-to-Four Family
Pass$635 $348 $475 $2,248 $815 $644 $76 $4 $5,245 
Substandard19 7 2 14 6 150 — — 198 
Non-accrual3 7 5 21 10 22 2 — 70 
Total One-to-Four Family657 362 482 2,283 831 816 78 4 5,513 
Year to date gross charge-offs
— — — (1)— (2)— — (3)
Commercial and Industrial(2)
Pass$2,069 $972 $2,164 $1,812 $614 $939 $5,307 $298 $14,175 
Special Mention— 14 10 14 7 2 80 — 127 
Substandard2 16 89 49 33 36 189 4 418 
Non-accrual— 4 29 42 6 14 48 11 154 
Total Commercial and Industrial2,071 1,006 2,292 1,917 660 991 5,624 313 14,874 
Year to date gross charge-offs
(9)(1)(15)(19)(5)(1)— — (50)
Other Loans
Pass$44 $24 $19 $6 $2 $49 $1,380 $93 $1,617 
Special Mention— — — — — — — — — 
Substandard— — — — — — 2 — 2 
Non-accrual— — — — — 2 24 — 26 
Total Other Loans44 24 19 6 2 51 1,406 93 1,645 
Year to date gross charge-offs
(6)(2)(5)(6)— (5)— — (24)
(1)Includes ADC loans.
(2)Includes lease financing receivables.
The following table presents the credit rating by vintage for our loans held for investment as of December 31, 2024:

Term Loans
Revolving
Loans		Revolving
Loans Converted to Term Loans
Amortized Cost Basis by Closing Year

2024
2023
2022
2021
2020
Prior To
2020
Total
Multi-family:
Pass$17 $700 $6,599 $6,070 $5,203 $3,997 $27 $— $22,613 
Special Mention—146886946467951—2,838
Substandard21235298681,5263,8345—6,887
Non-accrual
——1131442741,224——1,755
Total Multi-family
198377,9297,7767,6499,85033—34,093
Year to date gross charge-offs
——(28)(34)(42)(204)——(308)
Commercial Real Estate:(1)
Pass$542 $1,298 $1,753 $1,106 $576 $2,068 $1,597 $367 $9,307 
Special Mention—7213069106138120—635
Substandard23117911016272311761,330
Non-accrual
—37343644476—564
Total Commercial Real Estate
5441,4382,0961,3218483,3761,84037311,836
Year to date gross charge-offs
—(8)(81)(1)(27)(349)——(466)
One-to-Four Family
Pass$250 $521 $2,431 $859 $178 $609 $80 $2 $4,930 
Substandard128216172——201
Non-accrual
—416107285—70
Total One-to-Four Family2515272,4558712018098525,201
Year to date gross charge-offs
——(1)——(7)——(8)
Commercial and Industrial(2)
Pass$1,267 $2,609 $2,014 $651 $450 $759 $5,554 $1,164 $14,468 
Special Mention17291842111196206
Substandard135072727132658500
Non-accrual
3516098152—202
Total Commercial and Industrial1,3002,6932,2647364677985,9401,17815,376
Year to date gross charge-offs
(3)(20)(40)(20)(19)(34)——(136)
Other Loans
Pass$100 $29 $12 $4 $2 $32 $1,441 $121 $1,741 
Special Mention——————1—1
Non-accrual
—————519—24
Total Other Loans100291242371,4611211,766
Year to date gross charge-offs
(2)(4)(4)(1)(1)(8)——(20)
(1)Includes ADC loans.
(2)Includes lease financing receivables.
Schedule of Modifications to Borrowers Experiencing Financial Difficulty and Performance of Loans Modified in Last 12 Months, and TDRs
The following table describes the financial effect of the modification made to borrowers experiencing financial difficulty:

Interest Rate ReductionTerm Extension
Weighted-average contractual interest rate
FromTo
Weighted-Average Term (in years)
Three Months Ended September 30, 2025
One-to-four family first mortgage5.77 %4.77 %11.4
Other
9.93 %6.88 %13.1
Three Months Ended September 30, 2024
One-to-four family first mortgage— %— %10.7
Commercial and industrial— %— %1.9
Nine Months ended September 30, 2025
Commercial real estate(1)
— %— %0.5
One-to-four family first mortgage6.84 %5.37 %8.4
Other
10.06 %5.75 %13.1
Nine Months ended September 30, 2024
Multi-family8.08 %6.00 %
Commercial real estate(1)
8.13 %7.00 %
One-to-four family first mortgage4.69 %3.70 %12.1
Commercial and industrial7.81 %6.10 %0.6
Other
10.73 %4.30 %1.8
(1)Includes ADC loans.
The following table presents the amortized cost basis of the modifications for borrowers experiencing financial difficulty that subsequently defaulted and were within twelve months of the modification date:


Term ExtensionPrincipal ForgivenessCombination - Interest Rate Reduction and Term/Payment Extension/Delay
Total
Three Months Ended September 30, 2025
Commercial real estate(1)
6 — — 6 
One-to-four family first mortgage6 — 4 10 
Total$12 $— $4 $16 
Nine Months ended September 30, 2025
Commercial real estate(1)
6 — — 6 
One-to-four family first mortgage7 — 5 12 
Total$13 $— $5 $18 
Three Months Ended September 30, 2024
One-to-four family first mortgage1 — 1 2 
Commercial and industrial4 — — 4 
Total$5 $— $1 $6 
Nine Months Ended September 30, 2024
Commercial real estate(1)
$4 $— $— $4 
One-to-four family first mortgage1 — — 1 
Commercial and industrial4 — 1 5 
Other Consumer— — 1 1 
Total$9 $— $2 11 
(1)Includes ADC loans.
We closely monitor the performance of loans in which modifications were made to borrowers experiencing financial difficulty to understand the effectiveness of modification efforts.
The following table provides a summary of loan balances at September 30, 2025, which were modified during the prior twelve months, by class of financing receivable and delinquency status:
September 30, 2025

Current30 - 89 Past Due90+ Past DueTotal
Commercial real estate(1)
$— $6 $— $6 
One-to-four family first mortgage3 — 20 23 
Total$3 $6 $20 $29 
(1)Includes ADC loans.

The following table provides a summary of loan balances at September 30, 2024, which were modified during the prior twelve months, by class of financing receivable and delinquency status:

September 30, 2024

Current30 - 89 Past Due90+ Past DueTotal
Multi-family
$24 $— $— $24 
Commercial real estate(1)
8 — 4 12 
One-to-four family first mortgage7 — 5 12 
Commercial and industrial
2259
Other
1——1
Total$42 $2 $14 $58 
(1)Includes ADC loans.
v3.25.3
Allowance for Credit Losses on Loans and Leases (Tables)
 9 Months Ended
Sep. 30, 2025
Credit Loss [Abstract]  
Schedule of Activity in the Allowance for Loan and Lease Losses
The following table summarizes activity in the ACL on loans and leases for the periods indicated:

Multi- Family
Commercial Real Estate(1)
One-to-Four Family First MortgageCommercial and IndustrialOtherTotal
Three Months Ended September 30, 2025
Balance, beginning of period$538 $318 $33 $160 $57 $1,106 
Charge-offs(53)(19)(1)(9)(10)(92)
Recoveries71—8319
Provision for (recovery of) credit losses on loans and leases66(45)2(2)1738
Balance, end of period$558 $255 $34 $157 $67 $1,071 
Three Months Ended September 30, 2024
Balance, beginning of period$618 $371 $40 $173 $66 $1,268 
Charge-offs(101)(114)(7)(33)(5)(260)
Recoveries3655221
Provision for (recovery of) credit losses on loans and leases104794426235
Balance, end of period$624 $342 $42 $187 $69 $1,264 
Nine Months Ended September 30, 2025
Balance, beginning of period$639 $304 $39 $151 $68 $1,201 
Charge-offs(238)(41)(3)(50)(24)(356)
Recoveries168—18951
Provision for (recovery of) credit losses on loans and leases141(16)(2)3814175
Balance, end of period$558 $255 $34 $157 $67 $1,071 
Nine Months Ended September 30, 2024
Balance, beginning of period$307 $402 $47 $134 $102 $992 
Charge-offs(188)(415)(8)(79)(15)(705)
Recoveries46516435
Provision for (recovery of) credit losses on loans and leases501349(2)116(22)942
Balance, end of period$624 $342 $42 $187 $69 $1,264 
(1)Includes ADC loans.
The following table presents additional information about our non-accrual loans at September 30, 2025:

Non-accrual loans with no related allowance:Non-accrual loans with an allowance recorded:
Total Non-Accrual loans
Related Allowance
Multi-family$2,148 $292 $2,440 $47 
Commercial real estate(1)
394157551 56
One-to-four family first mortgage521870 2
Commercial and Industrial
8767154 40
Other
—2626 23
Total
$2,681 $560 $3,241 $168 
(1)Includes ADC loans.

The following table presents additional information about our non-accrual loans at December 31, 2024:

Non-accrual loans with no related allowance:Non-accrual loans with an allowance recorded:
Total Non-Accrual loans
Related Allowance
Multi-family$1,092 $663 $1,755 $77 
Commercial real estate(1)
429135 56431 
One-to-four family first mortgage619701
Commercial and Industrial51151202—
Other3212455
Total
$1,636 $979 $2,615 $164 
(1)Includes ADC loans.
v3.25.3
Leases, Premises and Equipment (Tables)
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Schedule of Components of Lease Income
Interest income on lease financing is recorded over the lease term and recorded in Interest income - Loans and leases on the Condensed Consolidated Statements of (Loss) Income:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Interest income on lease financing
$24 $32 $72 $105 
Schedule of Lease Cost Information Operating lease costs were as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Operating lease cost$14 $20 $61 $58 
The table below presents the supplemental cash flow information related to the leases:
Nine Months Ended September 30,
20252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$58 $54 
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to our operating lease arrangements is presented below:

September 30, 2025December 31, 2024
Operating Leases:
Operating lease right-of-use assets
$389 $416 
Operating lease liabilities
$438 $463 
Weighted average remaining lease term10.3 years10.7 years
Weighted average discount rate %4.79 %4.77 %
Schedule of Premises and Equipment
The table below presents our Premises and equipment:

September 30, 2025December 31, 2024
Premises and equipment
$997 $1,131 
Less: Accumulated depreciation
(533)(569)
Premises and equipment, net
$464 $562 

The table below presents our depreciation expense:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Depreciation expense(1)
$10 $13 $32 $34 
(1)Included in Occupancy and equipment expense in the Condensed Consolidated Statements of (Loss) Income
v3.25.3
Borrowed Funds (Tables)
 9 Months Ended
Sep. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes the Company’s borrowed funds:


September 30, 2025December 31, 2024
Wholesale borrowings:
FHLB advances$12,150 $13,400 
Total wholesale borrowings$12,150 $13,400 
Junior subordinated debentures584 582
Subordinated notes448 444
Total borrowed funds$13,182 $14,426 
Schedule of Federal Home Loan Bank Advances
The contractual maturities and the next call dates of FHLB advances outstanding at September 30, 2025 were as follows:
Contractual MaturityEarlier of Contractual Maturity or Next Call Date
Year
Amount
Weighted Average Interest Rate
Amount
Weighted Average Interest Rate
2025$2,500 4.36 $2,750 4.28 
20263,000 4.70 3,000 4.70 
20274,000 4.47 4,000 4.47 
20282,400 4.71 2,400 4.71 
2032250 3.50 — — 
Total FHLB advances$12,150 $12,150 
Schedule of Subordinated Borrowing
The following table presents contractual terms of the junior subordinated debentures outstanding at September 30, 2025:

IssuerInterest Rate of Capital Securities and Debentures
Junior Subordinated Debentures Amount Outstanding
Capital Securities Amount OutstandingDate of Original IssueStated Maturity
New York Community Capital Trust V (BONUSES Units) (1)
6.00 %$148 $142 November 04, 2002November 01, 2051
New York Community Capital Trust X (2)
5.90 %124 120 December 14, 2006December 15, 2036
PennFed Capital Trust III (2)
7.55 %31 30 June 02, 2003June 15, 2033
New York Community Capital Trust XI (2)
5.91 %59 58 April 16, 2007June 30, 2037
Flagstar Statutory Trust II (2)(3)
7.51 %26 25 December 26, 2002December 26, 2032
Flagstar Statutory Trust III (2)(3)
7.83 %26 25 February 19, 2003April 7, 2033
Flagstar Statutory Trust IV (2)(3)
7.51 %26 25 March 19, 2003March 19, 2033
Flagstar Statutory Trust V (2)(3)
6.58 %26 25 December 29, 2004January 07, 2035
Flagstar Statutory Trust VI (2)(3)
6.58 %26 25 March 30, 2005April 7, 2035
Flagstar Statutory Trust VII (2)(3)
6.05 %51 50 March 29, 2005June 15, 2035
Flagstar Statutory Trust VIII (2)(3)
6.08 %26 25 September 22, 2005October 7, 2035
Flagstar Statutory Trust IX (2)(3)
5.75 %26 25 June 28, 2007September 15, 2037
Flagstar Statutory Trust X (2)(3)
6.80 %15 15 August 31, 2007September 15, 2037
Total junior subordinated debentures
$610 $590 
(1)Callable subject to certain conditions as described in the prospectus filed with the SEC on November 4, 2002.
(2)Callable at any time.
(3)Excludes acquisition fair value adjustments of $26 million.
At September 30, 2025 and December 31, 2024, we had a total of $448 million and $444 million, respectively, of fixed-to-floating rate subordinated notes outstanding:

Date of Original IssueStated MaturityInterest RateOriginal Issue Amount
(1)
November 6, 2018November 6, 20287.296%$300
(2)
October 28, 2020November 1, 20304.125%$150
(1)From and including the date of original issuance to, but excluding, November 6, 2023, the Notes bore interest at an initial rate of 5.90 percent per annum payable semi-annually. From and including November 6, 2023 to, but excluding, the maturity date, the interest rate will reset quarterly to an annual interest rate equal to the then-current three-month SOFR plus 304.16 basis points payable quarterly.
(2)From and including the date of original issuance, the Notes will bear interest at a fixed rate of 4.125 percent through October 31, 2025, and a variable rate tied to SOFR thereafter until maturity. We have the option to redeem all or a part of the Notes beginning on November 1, 2025, and on any subsequent interest payment date.
v3.25.3
Pension Benefits (Tables)
 9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs
The following table sets forth certain disclosures for our pension plan for the periods indicated:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Components of net periodic pension expense (income):(1)
Interest cost$1 $1 $4 $3 
Expected return on plan assets(4)(4)(12)(12)
Amortization of net actuarial loss1 1 3 3 
Net periodic expense (income)
$(2)$(2)$(5)$(6)
(1)Amounts are included in General and administrative expense on the Condensed Consolidated Statements of (Loss) Income
v3.25.3
Income Taxes (Tables)
 9 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income Tax Benefit and Effective Tax Rate
The following table sets forth the Company's income tax benefit and the effective tax rate for the periods indicated:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Income tax benefit
$(5)$(55)$(37)$(210)
Effective tax rate
12.2 %16.3 %15.2 %18.4 %
v3.25.3
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Expense and Related Tax Benefit
The following table presents total stock-based compensation expense and the related tax benefit for the periods indicated:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Stock-based compensation expense
17174639
Tax benefit
3386
Schedule of Nonvested Restricted Stock Shares Activity
The following table provides a summary of activity with regard to RSUs:

Nine Months Ended September 30, 2025
Number of SharesWeighted Average Grant Date Fair Value
Unvested at beginning of year7,621,331$17.20 
Granted5,199,14811.57 
Vested(2,009,630)17.60 
Forfeited(2,222,194)15.36 
Unvested at end of period8,588,65514.17 
Schedule of Share-Based Payment Arrangement, Option, Activity
The following table summarizes stock option activity for the period indicated:

Nine Months ended September 30, 2025
Number of Options
Weighted-
Average
Exercise Price per Share
Unvested at beginning of year
12,083,000 $8.69 
Granted— — 
Vested(4,583,333)8.98 
Forfeited(1,000,000)9.21 
Unvested at end of period6,499,667 8.41 
Exercisable at end of period
5,833,333 
v3.25.3
Derivative and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Financial Instruments
The following tables set forth information regarding our derivative financial instruments:

September 30, 2025December 31, 2024
Fair ValueFair Value
Notional AmountOther AssetsOther LiabilitiesExpiration DatesNotional AmountOther AssetsOther LiabilitiesExpiration Dates
Derivatives designated as hedging instruments:
Interest rate swaps (fair value hedge)
$2,993 $— $— 2028-2029———
Interest rate caps (cash flow hedge) (1)
$2,000 $— $— 2028———
Derivatives not designated as hedging instruments:
Rate lock commitments (2)
$345 $3 $— 2025$563 $3 $3 2025
Mortgage-backed securities forwards (2)
211 — 1 2025344 7 2 2025
Interest rate swaps (3)
3,843 20 21 2025-20413,323 15 30 2024-2041
(1)Refer to Note 3 - Accumulated Other Comprehensive Loss for additional information related to the change in fair value and the amount recognized in income.
(2)During the three months ended September 30, 2025 and 2024, the amount recorded in Net gain on loan sales and securitizations in the Condensed Consolidated Statement of Income was immaterial. During the nine months ended September 30, 2025 and 2024, the amount recorded in Net gain on loan sales and securitizations in the Condensed Consolidated Statement of Income was immaterial and $20 million, respectively.
(3)During the three and nine months ended September 30, 2025, the amount recorded in Fee income in the Condensed Consolidated Statement of Income was immaterial. During the three and nine months ended September 30, 2024, the amount recorded in Net return on mortgage servicing rights in the Condensed Consolidated Statement of Income was $45 million and immaterial, respectively.
Schedule of Company's Carrying Amounts on our Hedged Loans
The following amounts were recorded in the Condensed Consolidated Statements of Condition related to items designated and qualifying as hedges items in a fair value hedging relationship:
September 30, 2025December 31, 2024
 Carrying Amount of Hedged Items  Cumulative Amount of Fair Value Hedging Adjustments Carrying Amount of Hedged Items Cumulative Amount of Fair Value Hedging Adjustments
U.S. treasury obligations
$1,015 $15 $— $— 
GSE CMOs2,026 7 — — 
GSE debentures
1,287 11 — — 
Debt securities available-for-sale(1)
$4,328 $33 $— $— 
Loans and leases held-for-investment(2)
$3,389 $(6)$5,861 $(18)
(1)During the three and nine months ended September 30, 2025 and 2024, the amount recorded in Interest income - Securities and money market investments in the Condensed Consolidated Statement of Income was immaterial.
(2)Relates to discontinued hedges on multi-family loans. During the three months ended September 30, 2025 and 2024, the amount recorded to Interest income - Loans and leases in the Condensed Consolidated Statement of Income was immaterial. During the nine months ended September 30, 2025 and 2024, the amount recorded to Interest income - Loans and leases was $10 million and $24 million, respectively.
Schedule of Offsetting Assets
The tables below present the gross derivative assets and liabilities, and the related cash pledged as collateral at September 30, 2025 and December 31, 2024. No amounts were netted in the Condensed Consolidated Statements of Condition.
September 30, 2025
Gross Amounts Not Offset in the Statements of Condition
Cash Collateral Pledged (Received)
Derivatives designated as hedging instruments:
Interest rate swaps (fair value hedge)
$— $65 
Interest rate caps (cash flow hedge)
— — 
Derivatives not designated as hedging instruments:
Assets
Interest rate swaptions$20 $— 
Total derivative assets$20 $— 
Liabilities
Mortgage-backed securities forwards$1 $1 
Interest rate swaps
21 40 
Total derivative liabilities$22 $41 
December 31, 2024
Gross Amounts Not Offset in the Statements of Condition
Cash Collateral Pledged (Received)
Derivatives not designated as hedging instruments:
Assets
Mortgage-backed securities forwards$7 $(2)
Interest rate swaptions15 (3)
Total derivative assets$22 $(5)
Liabilities
Mortgage-backed securities forwards$2 $10 
Interest rate swaps
30 47 
Total derivative liabilities$32 $57 
Schedule of Offsetting Liabilities
The tables below present the gross derivative assets and liabilities, and the related cash pledged as collateral at September 30, 2025 and December 31, 2024. No amounts were netted in the Condensed Consolidated Statements of Condition.
September 30, 2025
Gross Amounts Not Offset in the Statements of Condition
Cash Collateral Pledged (Received)
Derivatives designated as hedging instruments:
Interest rate swaps (fair value hedge)
$— $65 
Interest rate caps (cash flow hedge)
— — 
Derivatives not designated as hedging instruments:
Assets
Interest rate swaptions$20 $— 
Total derivative assets$20 $— 
Liabilities
Mortgage-backed securities forwards$1 $1 
Interest rate swaps
21 40 
Total derivative liabilities$22 $41 
December 31, 2024
Gross Amounts Not Offset in the Statements of Condition
Cash Collateral Pledged (Received)
Derivatives not designated as hedging instruments:
Assets
Mortgage-backed securities forwards$7 $(2)
Interest rate swaptions15 (3)
Total derivative assets$22 $(5)
Liabilities
Mortgage-backed securities forwards$2 $10 
Interest rate swaps
30 47 
Total derivative liabilities$32 $57 
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents and restricted cash within the Condensed Consolidated Statements of Condition that sum to the total of the same amounts shown in the Condensed Consolidated Statements of Cash Flows:

September 30, 2025
Cash and cash equivalents
$8,484 
Restricted cash included in other assets
75 
Total
$8,559 
Schedule of Restrictions on Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents and restricted cash within the Condensed Consolidated Statements of Condition that sum to the total of the same amounts shown in the Condensed Consolidated Statements of Cash Flows:

September 30, 2025
Cash and cash equivalents
$8,484 
Restricted cash included in other assets
75 
Total
$8,559 
v3.25.3
Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets
At September 30, 2025 and December 31, 2024, intangible assets consisted of the following:
September 30, 2025December 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying ValueGross Carrying AmountAccumulated AmortizationNet Carrying Value
Core deposit intangible$700 $(307)$393 $700 $(229)$471 
Other intangible assets21(7)1426 (9)17
Total other intangible assets$721 $(314)$407 $726 $(238)$488 
Finite-Lived Intangible Assets Amortization Expense
The following table presents our amortization expense for the periods indicated:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Amortization expense
263781105
v3.25.3
Fair Value Measures (Tables)
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Carried at Fair Value
The following tables present assets and liabilities that were measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024, and that were included in the Condensed Consolidated Statements of Condition at those dates:
September 30, 2025

Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)(1)
Total Fair Value
Assets:
Mortgage-related debt securities available for sale:
GSE CMOs
$— $11,161 $— $11,161 
GSE certificates— 1,005 — 1,005 
Private label CMOs
— 138 23 161 
Total mortgage-related debt securities$— $12,304 $23 $12,327 
Other debt securities available for sale:
GSE debentures$— $1,286 $— $1,286 
U. S. treasury obligations
1,014 — — 1,014 
Asset-backed securities— 218 — 218 
Corporate bonds— 157 — 157 
Municipal bonds, foreign notes, and capital trust
— 50 — 50 
Total other debt securities$1,014 $1,711 $— $2,725 
Total debt securities available for sale$1,014 $14,015 $23 $15,052 
Equity securities:
Mutual funds and common stock$41 $14 $— $55 
Total equity securities$41 $14 $— $55 
Total securities$1,055 $14,029 $23 $15,107 
Loans held for sale
Commercial real estate(2)
$— $65 $— $65 
One-to-four family first mortgage
— 184 — 184 
Derivative assets
Interest rate swaps
— 20 — 20 
Rate lock commitments
— — 3 3 
Total assets at fair value$1,055 $14,298 $26 $15,379 
Derivative liabilities
Interest rate swaps
$— $21 $— $21 
Mortgage-backed securities forwards— 1 — 1 
Total liabilities at fair value$— $22 $— $22 
(1)The change in the fair value due to significant unobservable inputs was immaterial.
(2)Includes ADC loans.
December 31, 2024

Quoted Prices in Active Markets for Identical Assets
(Level 1)		Significant Other Observable Inputs
(Level 2)
Significant Unobservable Inputs
(Level 3)(1)
Total Fair Value
Assets:
Mortgage-related debt securities available for sale:
GSE CMOs
$— $7,304 $— $7,304 
GSE certificates—1,106—1,106
Private label CMOs
—13033163
Total mortgage-related debt securities$— $8,540 $33 $8,573 
Other debt securities available for sale:
GSE debentures$— $1,203 $— $1,203 
Corporate bonds—308—308
Asset-backed securities—236—236
Municipal bonds, foreign notes, and capital trust
—82—82
Total other debt securities$— $1,829 $— $1,829 
Total debt securities available for sale$— $10,369 $33 $10,402 
Equity securities:
Mutual funds and common stock$— $14 $— $14 
Total equity securities$— $14 $— $14 
Total securities$— $10,383 $33 $10,416 
Loans held for sale
One-to-four family first mortgage$— $382 $— $382 
Commercial real estate(2)
—182—182 
Derivative assets
Interest rate swaps
— 15 — 15 
Mortgage-backed securities forwards— 7 — 7 
Rate lock commitments
— — 3 3 
Mortgage servicing rights— — 26 26 
Total assets at fair value$— $10,969 $62 $11,031 
Derivative liabilities
Interest rate swaps and swaptions$— $30 $— $30 
Rate lock commitments
— — 3 3 
Mortgage-backed securities forwards— 2 — 2 
Total liabilities at fair value$— $32 $3 $35 
(1)The change in the fair value due to significant unobservable inputs was immaterial.
(2)Includes ADC loans.
Schedule of Assets Measured at Fair Value on a Nonrecurring Basis
The following tables present assets that were measured at fair value on a non-recurring basis:

Fair Value Measurements at September 30, 2025 Using

Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Total Fair Value
Loans held for investment(1)
$— $— $3,083 $3,083 
Loans held for sale— 286 — 286 
Other assets(2)
— — 32 32 
Total$— $286 $3,115 $3,401 
(1)Represents the fair value of impaired loans, based primarily on the value of the collateral less costs to sell.
(2)Primarily comprised of equity securities without readily determinable fair values.

Fair Value Measurements at December 31, 2024 Using

Quoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)Total Fair Value
Loans held for investment(1)
$— $— $2,469 $2,469 
Loans held for sale— 335 — 335 
Other assets (2)
— — 52 52 
Total$— $335 $2,521 $2,856 
(1)Represents the fair value of impaired loans, based primarily on the value of the collateral less costs to sell.
(2)Represents the fair value of repossessed assets, based on the appraised value of the collateral subsequent to its initial classification as repossessed assets and equity securities without readily determinable fair values. These equity securities are classified as Level 3 due to the infrequency of the observable prices and/or the restrictions on the shares.
Schedule of Carrying Amount and Estimated Fair Value of Financial Instruments
The following tables summarize the carrying values, estimated fair values, and fair value measurement levels of financial instruments that were not carried at fair value on the Company’s Condensed Consolidated Statements of Condition:

September 30, 2025
Fair Value Measurement Using

Carrying ValueEstimated Fair ValueQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Financial Assets:
Cash and cash equivalents$8,484 $8,484 $8,484 $— $— 
FHLB and FRB-NY stock (1)
1,018 1,018 — 1,018 — 
Loans and leases held for investment, net(2)
61,590 57,767 — — 57,767 
Financial Liabilities:
Deposits$69,152 $69,136 $46,783 
(3)
$22,353 
(4)
$— 
Borrowed funds13,182 12,965 — 12,965 — 
(1)Carrying value and estimated fair value are at cost.
(2)Carrying value and estimated fair value include impaired loans held for investment.
(3)Includes interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts.
(4)Includes CDs.


December 31, 2024
Fair Value Measurement Using

Carrying ValueEstimated Fair ValueQuoted Prices in Active Markets for Identical Assets (Level 1)Significant Other Observable Inputs (Level 2)Significant Unobservable Inputs (Level 3)
Financial Assets:
Cash and cash equivalents$15,430 $15,430 $15,430 $— $— 
FHLB and FRB-NY stock (1)
1,1461,146— 1,146— 
Loans and leases held for investment, net(2)
67,07161,831— — 61,831
Financial Liabilities:
Deposits$75,870 $75,894 $48,546 
(3)
$27,348 
(4)
$— 
Borrowed funds14,42614,217— 14,217— 
(1)Carrying value and estimated fair value are at cost.
(2)Carrying value and estimated fair value include impaired loans held for investment.
(3)Includes interest-bearing checking and money market accounts, savings accounts, and non-interest-bearing accounts.
(4)Includes CDs.
Schedule of Changes in Fair Value Included in Earnings - Fair Value Option
The following table reflects the change in fair value included in earnings of financial instruments for which the fair value option has been elected:


Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Assets:
Loans held for sale:
Net gain on loan sales and securitizations
$5 $63 $18 $78 
Schedule of Differences Between Aggregate Fair Value and Aggregate Remaining Contractual Principal Balance Outstanding - Fair Value Option
The following table reflects the difference between the aggregate fair value and aggregate remaining contractual principal balance outstanding for assets and liabilities for which the fair value option has been elected:

September 30, 2025December 31, 2024

Unpaid Principal BalanceFair ValueFair Value Over / (Under) UPBUnpaid Principal BalanceFair ValueFair Value Over / (Under) UPB
Assets:
Non-accrual loans:
Loans held for sale$4 $4 $— $4 $4 $— 
Total non-accrual loans$4 $4 $— $4 $4 $— 
Accrual loans:
Loans held for sale$243 $245 $2 $553 $560 $7 
Loans held-for-investment— — — 67 66 (1)
Total accrual loans$243 $245 $2 $620 $626 $6 
Total loans:
Loans held for sale$247 $249 $2 $557 $564 $7 
Loans held-for-investment— — — 67 — 66 (1)
Total loans$247 $249 $2 $624 $630 $6 
v3.25.3
Mezzanine and Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2025
Temporary Equity Disclosure [Abstract]  
Schedule of Temporary Equity
The following table and paragraphs summarize our preferred stock as of September 30, 2025:

Preferred Stock Series
Amount Outstanding
Shares AuthorizedShares Issued
Shares Outstanding
Par Value
Liquidation Preference Per Share
6.375% Fixed-to-Floating Rate Perpetual Noncumulative Series A
$503 5,000,000 515,000 515,000 $0.01 $1,000 
Fixed Rate Perpetual Noncumulative Convertible Series B
$1 267,062 192,062 750 $0.01 $— 
13.00% Fixed Rate Perpetual Noncumulative Convertible Series C
$— 523,369 — — $0.01 $2,000 
Non-Voting Common Equivalent Series D
$— 315,000 45 15 $0.01 $0.0001 
Schedule of Stock by Class
The following table and paragraphs summarize our preferred stock as of September 30, 2025:

Preferred Stock Series
Amount Outstanding
Shares AuthorizedShares Issued
Shares Outstanding
Par Value
Liquidation Preference Per Share
6.375% Fixed-to-Floating Rate Perpetual Noncumulative Series A
$503 5,000,000 515,000 515,000 $0.01 $1,000 
Fixed Rate Perpetual Noncumulative Convertible Series B
$1 267,062 192,062 750 $0.01 $— 
13.00% Fixed Rate Perpetual Noncumulative Convertible Series C
$— 523,369 — — $0.01 $2,000 
Non-Voting Common Equivalent Series D
$— 315,000 45 15 $0.01 $0.0001 
v3.25.3
Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of the Contractual Amount of Significant Commitments
The following table summarizes our off-balance sheet commitments to originate loans and letters of credit:

(in millions)September 30, 2025December 31, 2024
Multi-family and Commercial real estate(1)
$748 $2,478 
One-to-four family including interest rate locks1,381 725 
Other loan commitments10,396 9,837 
Total loan commitments$12,525 $13,040 
Stand-by letters of credit
661 803 
Total commitments(2)
$13,186 $13,843 
(1)Includes ADC loans.
(2)The allowance for unfunded commitments is $57 million and $50 million as of September 30, 2025 and December 31, 2024, respectively, and is included in Other liabilities.
v3.25.3
Organization and Basis of Presentation (Details)
shares in Millions
Oct. 17, 2025
shares
Sep. 30, 2025
location
state
Product Information [Line Items]    
Number of locations | location   340
Number of states in which offices are located | state   9
Subsequent Event    
Product Information [Line Items]    
Additional shares authorized (in shares) | shares 250.0  
v3.25.3
Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Earnings Per Share [Abstract]        
Net (loss) attributable to common stockholders $ (45) $ (289) $ (231) $ (957)
Less: Income allocated to participating securities 0 0 0 0
(Loss) attributable to common stock $ (45) $ (289) $ (231) $ (957)
Weighted average common shares outstanding (in shares) 415,563,380 366,637,882 415,173,630 302,382,890
Basic (loss) per common share (in usd per share) $ (0.11) $ (0.79) $ (0.56) $ (3.16)
Dilutive potential common shares (in shares) 0 0 0 0
Total shares for diluted earnings per common share computation (in shares) 415,563,380 366,637,882 415,173,630 302,382,890
Diluted (loss) per common share and common share equivalents (in usd per share) $ (0.11) $ (0.79) $ (0.56) $ (3.16)
v3.25.3
Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance $ 8,095 $ 8,397 $ 8,167 $ 8,367
Other comprehensive income (loss) before reclassification, net of tax 50 206 159 218
Amounts reclassified from AOCL, net of tax (3) (13) (14) (40)
Total other comprehensive (loss) income, net of tax 47 193 145 178
Ending balance 8,108 8,571 8,108 8,571
Total        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance (542) (614) (640) (599)
Total other comprehensive (loss) income, net of tax 47 193 145 178
Ending balance (495) (421) (495) (421)
Debt Securities AFS        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance (544) (674) (653) (581)
Other comprehensive income (loss) before reclassification, net of tax 50 206 159 113
Amounts reclassified from AOCL, net of tax 0 0 0 0
Total other comprehensive (loss) income, net of tax 50 206 159 113
Ending balance (494) (468) (494) (468)
Other comprehensive income (loss) before reclassifications, tax (18) (71) (56) (40)
Cash Flow Hedges        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance 35 88 47 10
Other comprehensive income (loss) before reclassification, net of tax 0 (1) 0 106
Amounts reclassified from AOCL, net of tax (4) (13) (16) (42)
Total other comprehensive (loss) income, net of tax (4) (14) (16) 64
Ending balance 31 74 31 74
Other comprehensive income (loss) before reclassifications, tax 0 0 0 (36)
Pension and Post-retirement Plans        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Beginning balance (33) (28) (34) (28)
Other comprehensive income (loss) before reclassification, net of tax 0 1 0 (1)
Amounts reclassified from AOCL, net of tax 1 0 2 2
Total other comprehensive (loss) income, net of tax 1 1 2 1
Ending balance $ (32) $ (27) $ (32) $ (27)
v3.25.3
Accumulated Other Comprehensive Loss - Narrative (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Equity [Abstract]    
Unrealized gains on derivatives $ 31 $ 47
Amount of gain (loss), net of tax, to be reclassified during the next 12 months $ 27  
v3.25.3
Accumulated Other Comprehensive Loss - Reclassification Out of Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Interest expense - Borrowed funds $ 676 $ 1,024 $ 2,154 $ 2,904
Income tax (benefit) 5 55 37 210
General and administrative 153 188 433 557
Net (loss) (36) (280) (206) (930)
Reclassification from AOCI        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Net (loss) 3 13 14 40
Reclassification from AOCI | Cash Flow Hedges        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Interest expense - Borrowed funds 6 18 22 57
Income tax (benefit) (2) (5) (6) (15)
Net (loss) 4 13 16 42
Reclassification from AOCI | Pension and Post-retirement Plans        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Net (loss) (1) 0 (2) (2)
Reclassification from AOCI | Amortization of actuarial losses        
Accumulated Other Comprehensive Income (Loss) [Line Items]        
Income tax (benefit) 0 1 1 1
General and administrative $ (1) $ (1) $ (3) $ (3)
v3.25.3
Investment Securities - Summary of Investment Securities (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Debt securities available for sale    
Amortized Cost $ 15,696 $ 11,295
Gross Unrealized Gain 88 39
Gross Unrealized Loss 732 932
Fair Value 15,052 10,402
Amortized cost of investment securities 2 3
Interest receivable $ 43 $ 35
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Asset Pledged as Collateral    
Debt securities available for sale    
Fair value $ 14,800 $ 10,200
Mortgage-Related Debt Securities:    
Debt securities available for sale    
Amortized Cost 12,756 9,155
Gross Unrealized Gain 68 33
Gross Unrealized Loss 497 615
Fair Value 12,327 8,573
GSE CMOs    
Debt securities available for sale    
Amortized Cost 11,476 7,724
Gross Unrealized Gain 56 27
Gross Unrealized Loss 371 447
Fair Value 11,161 7,304
GSE certificates    
Debt securities available for sale    
Amortized Cost 1,130 1,273
Gross Unrealized Gain 1 0
Gross Unrealized Loss 126 167
Fair Value 1,005 1,106
Private label CMOs    
Debt securities available for sale    
Amortized Cost 150 158
Gross Unrealized Gain 11 6
Gross Unrealized Loss 0 1
Fair Value 161 163
Other Debt Securities:    
Debt securities available for sale    
Amortized Cost 2,940 2,140
Gross Unrealized Gain 20 6
Gross Unrealized Loss 235 317
Fair Value 2,725 1,829
GSE debentures    
Debt securities available for sale    
Amortized Cost 1,502 1,502
Gross Unrealized Gain 0 0
Gross Unrealized Loss 216 299
Fair Value 1,286 1,203
U. S. treasury obligations    
Debt securities available for sale    
Amortized Cost 1,000  
Gross Unrealized Gain 14  
Gross Unrealized Loss 0  
Fair Value 1,014  
Asset-backed securities    
Debt securities available for sale    
Amortized Cost 222 237
Gross Unrealized Gain 0 1
Gross Unrealized Loss 4 2
Fair Value 218 236
Corporate bonds    
Debt securities available for sale    
Amortized Cost 164 314
Gross Unrealized Gain 0 0
Gross Unrealized Loss 7 6
Fair Value 157 308
Capital trust notes    
Debt securities available for sale    
Amortized Cost 47 47
Gross Unrealized Gain 6 5
Gross Unrealized Loss 8 10
Fair Value 45 42
Foreign notes    
Debt securities available for sale    
Amortized Cost   35
Gross Unrealized Gain   0
Gross Unrealized Loss   0
Fair Value   35
Municipal bonds    
Debt securities available for sale    
Amortized Cost 5 5
Gross Unrealized Gain 0 0
Gross Unrealized Loss 0 0
Fair Value $ 5 $ 5
v3.25.3
Investment Securities - Narrative (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]          
Available-for-sale securities sold $ 10,000,000 $ 0 $ 85,000,000 $ 0  
Gross realized gains (losses) 0 0 0 1,000,000  
Equity securities with readily determinable fair values 55,000,000   55,000,000   $ 14,000,000
Equity securities, gain $ 21,000,000 $ 0 $ 22,000,000 $ 0  
v3.25.3
Investment Securities - Amortized Cost and Estimated Fair Value of Securities by Contractual Maturity (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Debt Securities, Available-for-sale [Line Items]    
Due within one year $ 1  
Due from one to five years 1,345  
Due from five to ten years 1,486  
Due after ten years 12,220  
Total debt securities available for sale, net of allowance 15,052 $ 10,402
Mortgage- Related Securities    
Debt Securities, Available-for-sale [Line Items]    
Due within one year 1  
Due from one to five years 122  
Due from five to ten years 240  
Due after ten years 11,964  
Total debt securities available for sale, net of allowance 12,327 8,573
U.S. Government and GSE Obligations    
Debt Securities, Available-for-sale [Line Items]    
Due within one year 0  
Due from one to five years 1,080  
Due from five to ten years 1,220  
Due after ten years 0  
Total debt securities available for sale, net of allowance 2,300  
Corporate and Other Bonds    
Debt Securities, Available-for-sale [Line Items]    
Due within one year 0  
Due from one to five years 143  
Due from five to ten years 26  
Due after ten years 38  
Total debt securities available for sale, net of allowance 207  
Asset-Backed Securities    
Debt Securities, Available-for-sale [Line Items]    
Due within one year 0  
Due from one to five years 0  
Due from five to ten years 0  
Due after ten years 218  
Total debt securities available for sale, net of allowance $ 218 $ 236
v3.25.3
Investment Securities - Summary of Unrealized Loss Positions on Investment Securities (Details)
$ in Millions
Sep. 30, 2025
USD ($)
security
Dec. 31, 2024
USD ($)
security
Debt Securities, Available-for-sale [Line Items]    
Number of Debt Securities | security 607 609
Fair Value    
Less than Twelve Months $ 913 $ 1,674
Twelve Months or Longer 5,625 5,592
Total 6,538 7,266
Unrealized Loss    
Less than Twelve Months 1 3
Twelve Months or Longer 731 929
Total $ 732 $ 932
Debt Securities | GSE CMOs    
Debt Securities, Available-for-sale [Line Items]    
Number of Debt Securities | security 230 223
Fair Value    
Less than Twelve Months $ 899 $ 1,636
Twelve Months or Longer 3,037 2,822
Total 3,936 4,458
Unrealized Loss    
Less than Twelve Months 1 3
Twelve Months or Longer 370 444
Total $ 371 $ 447
Debt Securities | U.S. Government agency and GSE obligations    
Debt Securities, Available-for-sale [Line Items]    
Number of Debt Securities | security 33 33
Fair Value    
Less than Twelve Months $ 0 $ 0
Twelve Months or Longer 1,287 1,203
Total 1,287 1,203
Unrealized Loss    
Less than Twelve Months 0 0
Twelve Months or Longer 216 299
Total $ 216 $ 299
Debt Securities | GSE certificates    
Debt Securities, Available-for-sale [Line Items]    
Number of Debt Securities | security 326 328
Fair Value    
Less than Twelve Months $ 0 $ 38
Twelve Months or Longer 948 1,040
Total 948 1,078
Unrealized Loss    
Less than Twelve Months 0 0
Twelve Months or Longer 126 167
Total $ 126 $ 167
Debt Securities | Corporate bonds    
Debt Securities, Available-for-sale [Line Items]    
Number of Debt Securities | security 6 11
Fair Value    
Less than Twelve Months $ 0 $ 0
Twelve Months or Longer 157 308
Total 157 308
Unrealized Loss    
Less than Twelve Months 0 0
Twelve Months or Longer 7 6
Total $ 7 $ 6
Debt Securities | Asset-backed securities    
Debt Securities, Available-for-sale [Line Items]    
Number of Debt Securities | security 5 5
Fair Value    
Less than Twelve Months $ 14 $ 0
Twelve Months or Longer 142 154
Total 156 154
Unrealized Loss    
Less than Twelve Months 0 0
Twelve Months or Longer 4 2
Total $ 4 $ 2
Debt Securities | Capital trust notes    
Debt Securities, Available-for-sale [Line Items]    
Number of Debt Securities | security 5 5
Fair Value    
Less than Twelve Months $ 0 $ 0
Twelve Months or Longer 35 33
Total 35 33
Unrealized Loss    
Less than Twelve Months 0 0
Twelve Months or Longer 8 10
Total $ 8 $ 10
Debt Securities | Private Label CMOs    
Debt Securities, Available-for-sale [Line Items]    
Number of Debt Securities | security 1 2
Fair Value    
Less than Twelve Months $ 0 $ 0
Twelve Months or Longer 14 17
Total 14 17
Unrealized Loss    
Less than Twelve Months 0 0
Twelve Months or Longer 0 1
Total $ 0 $ 1
Debt Securities | Foreign notes    
Debt Securities, Available-for-sale [Line Items]    
Number of Debt Securities | security   1
Fair Value    
Less than Twelve Months   $ 0
Twelve Months or Longer   10
Total   10
Unrealized Loss    
Less than Twelve Months   0
Twelve Months or Longer   0
Total   $ 0
Debt Securities | Municipal bonds    
Debt Securities, Available-for-sale [Line Items]    
Number of Debt Securities | security 1 1
Fair Value    
Less than Twelve Months $ 0 $ 0
Twelve Months or Longer 5 5
Total 5 5
Unrealized Loss    
Less than Twelve Months 0 0
Twelve Months or Longer 0 0
Total $ 0 $ 0
v3.25.3
Investment Securities - Schedule of Company Holding Shares of FHLB-NY Stock and FHLB-Indianapolis Stock (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Schedule of Investments [Line Items]    
Federal home loan bank stock $ 1,018 $ 1,146
Federal Reserve Bank stock 221 219
FHLB-Indianapolis    
Schedule of Investments [Line Items]    
Federal home loan bank stock 255 329
FHLB-New York    
Schedule of Investments [Line Items]    
Federal home loan bank stock $ 542 $ 598
v3.25.3
Loans and Leases - Components (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases held for investment $ 62,661   $ 68,272      
Allowance for credit losses on loans and leases (1,071) $ (1,106) (1,201) $ (1,264) $ (1,268) $ (992)
Total loans and leases held for investment, net 61,590   67,071      
Loans held for sale 535   899      
Total loans and leases, net $ 62,125   $ 67,970      
Percent of loans held for investment 100.00%   100.00%      
Unearned income $ (137)   $ (169)      
Accrued interest receivable $ 260   $ 277      
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration] Other assets   Other assets      
Asset Pledged as Collateral            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases held for investment $ 32,300   $ 44,600      
Loans and leases held for investment: | Multi-family            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases held for investment 30,466   34,093      
Allowance for credit losses on loans and leases $ (558) (538) $ (639) (624) (618) (307)
Percent of loans held for investment 48.70%   49.90%      
Loans and leases held for investment: | Commercial real estate            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases held for investment $ 10,163   $ 11,836      
Allowance for credit losses on loans and leases $ (255) (318) $ (304) (342) (371) (402)
Percent of loans held for investment 16.20%   17.40%      
Loans and leases held for investment: | One-to-four family first mortgage            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases held for investment $ 5,513   $ 5,201      
Allowance for credit losses on loans and leases $ (34) (33) $ (39) (42) (40) (47)
Percent of loans held for investment 8.80%   7.60%      
Loans and leases held for investment: | Commercial and Industrial            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases held for investment $ 14,874   $ 15,376      
Other loans held for investment            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Allowance for credit losses on loans and leases (67) (57) (68) (69) (66) (102)
Other loans held for investment | Commercial and Industrial            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases held for investment 14,874   15,376      
Allowance for credit losses on loans and leases $ (157) $ (160) $ (151) $ (187) $ (173) $ (134)
Percent of loans held for investment 23.70%   22.50%      
Other loans held for investment | Other            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases held for investment $ 1,645   $ 1,766      
Percent of loans held for investment 2.60%   2.60%      
Other loans held for investment | Lease financing            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Total loans and leases held for investment $ 1,800   $ 2,100      
v3.25.3
Loans and Leases - Narrative (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Receivables [Abstract]          
Payment performance period threshold     6 months    
Loans 90 days or greater past due and still accruing $ 0   $ 0   $ 0
Residential mortgage loans in process of foreclosure 29,000,000   29,000,000   41,000,000
Loans modified to borrowers experiencing financial difficulty 8,000,000 $ 3,000,000 26,000,000 $ 32,000,000  
Loans with government guarantees $ 354,000,000   $ 354,000,000   $ 360,000,000
v3.25.3
Loans and Leases - Collateral (Details) - Real Property - Asset Pledged as Collateral
$ in Millions
Sep. 30, 2025
USD ($)
Financial Instruments Owned and Pledged as Collateral [Line Items]  
Total collateral-dependent loans held for investment $ 3,055
Loans and leases held for investment: | Multi-family  
Financial Instruments Owned and Pledged as Collateral [Line Items]  
Total collateral-dependent loans held for investment 2,435
Loans and leases held for investment: | Commercial real estate  
Financial Instruments Owned and Pledged as Collateral [Line Items]  
Total collateral-dependent loans held for investment 545
Loans and leases held for investment: | One-to-four family first mortgage  
Financial Instruments Owned and Pledged as Collateral [Line Items]  
Total collateral-dependent loans held for investment 59
Other loans held for investment | Commercial and Industrial  
Financial Instruments Owned and Pledged as Collateral [Line Items]  
Total collateral-dependent loans held for investment $ 16
v3.25.3
Loans and Leases - Quality of Loans Held for Investment (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable $ 62,661 $ 68,272
Non-Accrual Loans 3,241 2,615
Current    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 58,885 64,692
Loans 30-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 535 965
Loans and leases held for investment: | Multi-family    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 30,466 34,093
Non-Accrual Loans 2,440 1,755
Loans and leases held for investment: | Multi-family | Current    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 27,682 31,589
Loans and leases held for investment: | Multi-family | Loans 30-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 344 749
Loans and leases held for investment: | Commercial real estate    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 10,163 11,836
Non-Accrual Loans 551 564
Loans and leases held for investment: | Commercial real estate | Current    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 9,495 11,202
Loans and leases held for investment: | Commercial real estate | Loans 30-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 117 70
Loans and leases held for investment: | One-to-four family first mortgage    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 5,513 5,201
Non-Accrual Loans 70 70
Loans and leases held for investment: | One-to-four family first mortgage | Current    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 5,424 5,106
Loans and leases held for investment: | One-to-four family first mortgage | Loans 30-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 19 25
Other loans held for investment | Commercial and industrial loans and lease financing    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 14,874 15,376
Non-Accrual Loans 154 202
Other loans held for investment | Commercial and industrial loans and lease financing | Current    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 14,686 15,064
Other loans held for investment | Commercial and industrial loans and lease financing | Loans 30-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 34 110
Other loans held for investment | Other loan commitments    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 1,645 1,766
Non-Accrual Loans 26 24
Other loans held for investment | Other loan commitments | Current    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable 1,598 1,731
Other loans held for investment | Other loan commitments | Loans 30-89 Days Past Due    
Financing Receivable, Recorded Investment, Past Due    
Total Loans Receivable $ 21 $ 11
v3.25.3
Loans and Leases - Loans Held for Investment by Credit Quality Indicator (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Amortized Cost Basis by Closing Year          
Total $ 62,661   $ 62,661   $ 68,272
Year to date gross charge-offs          
Total (92) $ (260) (356) $ (705)  
Loans and leases held for investment: | Multi-family          
Amortized Cost Basis by Closing Year          
Originated year one 16   16   19
Originated year two 15   15   837
Originated year three 754   754   7,929
Originated year four 7,756   7,756   7,776
Originated year five 7,592   7,592   7,649
Prior year 14,195   14,195   9,850
Revolving Loans 6   6   33
Revolving Loans Converted to Term Loans 132   132   0
Total 30,466   30,466   34,093
Year to date gross charge-offs          
Originated year one     0   0
Originated year two     0   0
Originated year three     0   (28)
Originated year four     (45)   (34)
Originated year five     (59)   (42)
Prior year     (134)   (204)
Revolving Loans     0   0
Revolving Loans Converted to Term Loans     0   0
Total (53) (101) (238) (188) (308)
Loans and leases held for investment: | Multi-family | Pass          
Amortized Cost Basis by Closing Year          
Originated year one 16   16   17
Originated year two 15   15   700
Originated year three 578   578   6,599
Originated year four 6,362   6,362   6,070
Originated year five 5,313   5,313   5,203
Prior year 8,587   8,587   3,997
Revolving Loans 4   4   27
Revolving Loans Converted to Term Loans 132   132   0
Total 21,007   21,007   22,613
Loans and leases held for investment: | Multi-family | Special Mention          
Amortized Cost Basis by Closing Year          
Originated year one 0   0   0
Originated year two 0   0   14
Originated year three 24   24   688
Originated year four 480   480   694
Originated year five 923   923   646
Prior year 718   718   795
Revolving Loans 0   0   1
Revolving Loans Converted to Term Loans 0   0   0
Total 2,145   2,145   2,838
Loans and leases held for investment: | Multi-family | Substandard          
Amortized Cost Basis by Closing Year          
Originated year one 0   0   2
Originated year two 0   0   123
Originated year three 140   140   529
Originated year four 599   599   868
Originated year five 1,001   1,001   1,526
Prior year 3,132   3,132   3,834
Revolving Loans 2   2   5
Revolving Loans Converted to Term Loans 0   0   0
Total 4,874   4,874   6,887
Loans and leases held for investment: | Multi-family | Non-accrual          
Amortized Cost Basis by Closing Year          
Originated year one 0   0   0
Originated year two 0   0   0
Originated year three 12   12   113
Originated year four 315   315   144
Originated year five 355   355   274
Prior year 1,758   1,758   1,224
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total 2,440   2,440   1,755
Loans and leases held for investment: | Commercial real estate          
Amortized Cost Basis by Closing Year          
Originated year one 600   600   544
Originated year two 430   430   1,438
Originated year three 1,246   1,246   2,096
Originated year four 1,778   1,778   1,321
Originated year five 1,078   1,078   848
Prior year 3,484   3,484   3,376
Revolving Loans 1,261   1,261   1,840
Revolving Loans Converted to Term Loans 286   286   373
Total 10,163   10,163   11,836
Year to date gross charge-offs          
Originated year one     0   0
Originated year two     0   (8)
Originated year three     (6)   (81)
Originated year four     (1)   (1)
Originated year five     (7)   (27)
Prior year     (27)   (349)
Revolving Loans     0   0
Revolving Loans Converted to Term Loans     0   0
Total (19) (114) (41) (415) (466)
Loans and leases held for investment: | Commercial real estate | Pass          
Amortized Cost Basis by Closing Year          
Originated year one 600   600   542
Originated year two 420   420   1,298
Originated year three 1,126   1,126   1,753
Originated year four 1,490   1,490   1,106
Originated year five 963   963   576
Prior year 2,378   2,378   2,068
Revolving Loans 1,050   1,050   1,597
Revolving Loans Converted to Term Loans 155   155   367
Total 8,182   8,182   9,307
Loans and leases held for investment: | Commercial real estate | Special Mention          
Amortized Cost Basis by Closing Year          
Originated year one 0   0   0
Originated year two 0   0   72
Originated year three 55   55   130
Originated year four 59   59   69
Originated year five 18   18   106
Prior year 99   99   138
Revolving Loans 42   42   120
Revolving Loans Converted to Term Loans 24   24   0
Total 297   297   635
Loans and leases held for investment: | Commercial real estate | Substandard          
Amortized Cost Basis by Closing Year          
Originated year one 0   0   2
Originated year two 10   10   31
Originated year three 62   62   179
Originated year four 155   155   110
Originated year five 82   82   162
Prior year 552   552   723
Revolving Loans 167   167   117
Revolving Loans Converted to Term Loans 105   105   6
Total 1,133   1,133   1,330
Loans and leases held for investment: | Commercial real estate | Non-accrual          
Amortized Cost Basis by Closing Year          
Originated year one 0   0   0
Originated year two 0   0   37
Originated year three 3   3   34
Originated year four 74   74   36
Originated year five 15   15   4
Prior year 455   455   447
Revolving Loans 2   2   6
Revolving Loans Converted to Term Loans 2   2   0
Total 551   551   564
Loans and leases held for investment: | One-to-four family first mortgage          
Amortized Cost Basis by Closing Year          
Originated year one 657   657   251
Originated year two 362   362   527
Originated year three 482   482   2,455
Originated year four 2,283   2,283   871
Originated year five 831   831   201
Prior year 816   816   809
Revolving Loans 78   78   85
Revolving Loans Converted to Term Loans 4   4   2
Total 5,513   5,513   5,201
Year to date gross charge-offs          
Originated year one     0   0
Originated year two     0   0
Originated year three     0   (1)
Originated year four     (1)   0
Originated year five     0   0
Prior year     (2)   (7)
Revolving Loans     0   0
Revolving Loans Converted to Term Loans     0   0
Total (1) (7) (3) (8) (8)
Loans and leases held for investment: | One-to-four family first mortgage | Pass          
Amortized Cost Basis by Closing Year          
Originated year one 635   635   250
Originated year two 348   348   521
Originated year three 475   475   2,431
Originated year four 2,248   2,248   859
Originated year five 815   815   178
Prior year 644   644   609
Revolving Loans 76   76   80
Revolving Loans Converted to Term Loans 4   4   2
Total 5,245   5,245   4,930
Loans and leases held for investment: | One-to-four family first mortgage | Substandard          
Amortized Cost Basis by Closing Year          
Originated year one 19   19   1
Originated year two 7   7   2
Originated year three 2   2   8
Originated year four 14   14   2
Originated year five 6   6   16
Prior year 150   150   172
Revolving Loans 0   0   0
Revolving Loans Converted to Term Loans 0   0   0
Total 198   198   201
Loans and leases held for investment: | One-to-four family first mortgage | Non-accrual          
Amortized Cost Basis by Closing Year          
Originated year one 3   3   0
Originated year two 7   7   4
Originated year three 5   5   16
Originated year four 21   21   10
Originated year five 10   10   7
Prior year 22   22   28
Revolving Loans 2   2   5
Revolving Loans Converted to Term Loans 0   0   0
Total 70   70   70
Loans and leases held for investment: | Commercial and Industrial          
Amortized Cost Basis by Closing Year          
Originated year one 2,071   2,071   1,300
Originated year two 1,006   1,006   2,693
Originated year three 2,292   2,292   2,264
Originated year four 1,917   1,917   736
Originated year five 660   660   467
Prior year 991   991   798
Revolving Loans 5,624   5,624   5,940
Revolving Loans Converted to Term Loans 313   313   1,178
Total 14,874   14,874   15,376
Year to date gross charge-offs          
Originated year one     (9)   (3)
Originated year two     (1)   (20)
Originated year three     (15)   (40)
Originated year four     (19)   (20)
Originated year five     (5)   (19)
Prior year     (1)   (34)
Revolving Loans     0   0
Revolving Loans Converted to Term Loans     0   0
Total     (50)   (136)
Loans and leases held for investment: | Commercial and Industrial | Pass          
Amortized Cost Basis by Closing Year          
Originated year one 2,069   2,069   1,267
Originated year two 972   972   2,609
Originated year three 2,164   2,164   2,014
Originated year four 1,812   1,812   651
Originated year five 614   614   450
Prior year 939   939   759
Revolving Loans 5,307   5,307   5,554
Revolving Loans Converted to Term Loans 298   298   1,164
Total 14,175   14,175   14,468
Loans and leases held for investment: | Commercial and Industrial | Special Mention          
Amortized Cost Basis by Closing Year          
Originated year one 0   0   17
Originated year two 14   14   29
Originated year three 10   10   18
Originated year four 14   14   4
Originated year five 7   7   2
Prior year 2   2   11
Revolving Loans 80   80   119
Revolving Loans Converted to Term Loans 0   0   6
Total 127   127   206
Loans and leases held for investment: | Commercial and Industrial | Substandard          
Amortized Cost Basis by Closing Year          
Originated year one 2   2   13
Originated year two 16   16   50
Originated year three 89   89   72
Originated year four 49   49   72
Originated year five 33   33   7
Prior year 36   36   13
Revolving Loans 189   189   265
Revolving Loans Converted to Term Loans 4   4   8
Total 418   418   500
Loans and leases held for investment: | Commercial and Industrial | Non-accrual          
Amortized Cost Basis by Closing Year          
Originated year one 0   0   3
Originated year two 4   4   5
Originated year three 29   29   160
Originated year four 42   42   9
Originated year five 6   6   8
Prior year 14   14   15
Revolving Loans 48   48   2
Revolving Loans Converted to Term Loans 11   11   0
Total 154   154   202
Other loans held for investment          
Year to date gross charge-offs          
Total (10) (5) (24) (15)  
Other loans held for investment | Commercial and Industrial          
Amortized Cost Basis by Closing Year          
Total 14,874   14,874   15,376
Year to date gross charge-offs          
Total (9) $ (33) (50) $ (79)  
Other loans held for investment | Other          
Amortized Cost Basis by Closing Year          
Originated year one 44   44   100
Originated year two 24   24   29
Originated year three 19   19   12
Originated year four 6   6   4
Originated year five 2   2   2
Prior year 51   51   37
Revolving Loans 1,406   1,406   1,461
Revolving Loans Converted to Term Loans 93   93   121
Total 1,645   1,645   1,766
Year to date gross charge-offs          
Originated year one     (6)   (2)
Originated year two     (2)   (4)
Originated year three     (5)   (4)
Originated year four     (6)   (1)
Originated year five     0   (1)
Prior year     (5)   (8)
Revolving Loans     0   0
Revolving Loans Converted to Term Loans     0   0
Total     (24)   (20)
Other loans held for investment | Other | Pass          
Amortized Cost Basis by Closing Year          
Originated year one 44   44   100
Originated year two 24   24   29
Originated year three 19   19   12
Originated year four 6   6   4
Originated year five 2   2   2
Prior year 49   49   32
Revolving Loans 1,380   1,380   1,441
Revolving Loans Converted to Term Loans 93   93   121
Total 1,617   1,617   1,741
Other loans held for investment | Other | Special Mention          
Amortized Cost Basis by Closing Year          
Originated year one 0   0   0
Originated year two 0   0   0
Originated year three 0   0   0
Originated year four 0   0   0
Originated year five 0   0   0
Prior year 0   0   0
Revolving Loans 0   0   1
Revolving Loans Converted to Term Loans 0   0   0
Total 0   0   1
Other loans held for investment | Other | Substandard          
Amortized Cost Basis by Closing Year          
Originated year one 0   0    
Originated year two 0   0    
Originated year three 0   0    
Originated year four 0   0    
Originated year five 0   0    
Prior year 0   0    
Revolving Loans 2   2    
Revolving Loans Converted to Term Loans 0   0    
Total 2   2    
Other loans held for investment | Other | Non-accrual          
Amortized Cost Basis by Closing Year          
Originated year one 0   0   0
Originated year two 0   0   0
Originated year three 0   0   0
Originated year four 0   0   0
Originated year five 0   0   0
Prior year 2   2   5
Revolving Loans 24   24   19
Revolving Loans Converted to Term Loans 0   0   0
Total $ 26   $ 26   $ 24
v3.25.3
Loans and Leases - Loan Modifications (Details) - Loans and leases held for investment:
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest Rate Reduction | Multi-family | Minimum        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-average contractual interest rate       8.08%
Interest Rate Reduction | Multi-family | Maximum        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-average contractual interest rate       6.00%
Interest Rate Reduction | Commercial real estate | Minimum        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-average contractual interest rate     0.00% 8.13%
Interest Rate Reduction | Commercial real estate | Maximum        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-average contractual interest rate     0.00% 7.00%
Interest Rate Reduction | One-to-four family first mortgage | Minimum        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-average contractual interest rate 5.77% 0.00% 6.84% 4.69%
Interest Rate Reduction | One-to-four family first mortgage | Maximum        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-average contractual interest rate 4.77% 0.00% 5.37% 3.70%
Interest Rate Reduction | Commercial and Industrial | Minimum        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-average contractual interest rate   0.00%   7.81%
Interest Rate Reduction | Commercial and Industrial | Maximum        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-average contractual interest rate   0.00%   6.10%
Interest Rate Reduction | Other | Minimum        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-average contractual interest rate 9.93%   10.06% 10.73%
Interest Rate Reduction | Other | Maximum        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-average contractual interest rate 6.88%   5.75% 4.30%
Term Extension | Multi-family        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-Average Term (in years)      
Term Extension | Commercial real estate        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-Average Term (in years)     6 months
Term Extension | One-to-four family first mortgage        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-Average Term (in years) 11 years 4 months 24 days 10 years 8 months 12 days 8 years 4 months 24 days 12 years 1 month 6 days
Term Extension | Commercial and Industrial        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-Average Term (in years)   1 year 10 months 24 days   7 months 6 days
Term Extension | Other        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Weighted-Average Term (in years) 13 years 1 month 6 days   13 years 1 month 6 days 1 year 9 months 18 days
v3.25.3
Loans and Leases - Loan Modification Subsequently Defaulted (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total $ 16 $ 6 $ 18 $ 11
Term Extension        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total 12 5 13 9
Principal Forgiveness        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total 0 0 0 0
Combination - Interest Rate Reduction and Term/Payment Extension/Delay        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total 4 1 5 2
Loans and leases held for investment: | Commercial real estate        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total 6   6 4
Loans and leases held for investment: | Commercial real estate | Term Extension        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total 6   6 4
Loans and leases held for investment: | Commercial real estate | Principal Forgiveness        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total 0   0 0
Loans and leases held for investment: | Commercial real estate | Combination - Interest Rate Reduction and Term/Payment Extension/Delay        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total 0   0 0
Loans and leases held for investment: | One-to-four family first mortgage        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total 10 2 12 1
Loans and leases held for investment: | One-to-four family first mortgage | Term Extension        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total 6 1 7 1
Loans and leases held for investment: | One-to-four family first mortgage | Principal Forgiveness        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total 0 0 0 0
Loans and leases held for investment: | One-to-four family first mortgage | Combination - Interest Rate Reduction and Term/Payment Extension/Delay        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total $ 4 1 $ 5 0
Loans and leases held for investment: | Commercial and Industrial        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total   4   5
Loans and leases held for investment: | Commercial and Industrial | Term Extension        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total   4   4
Loans and leases held for investment: | Commercial and Industrial | Principal Forgiveness        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total   0   0
Loans and leases held for investment: | Commercial and Industrial | Combination - Interest Rate Reduction and Term/Payment Extension/Delay        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total   $ 0   1
Loans and leases held for investment: | Other        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total       1
Loans and leases held for investment: | Other | Term Extension        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total       0
Loans and leases held for investment: | Other | Principal Forgiveness        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total       0
Loans and leases held for investment: | Other | Combination - Interest Rate Reduction and Term/Payment Extension/Delay        
Financing Receivable, Troubled Debt Restructuring [Line Items]        
Total       $ 1
v3.25.3
Loans and Leases - Performance of Loans Modified in Last 12 Months (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Sep. 30, 2024
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total $ 29 $ 58
Current    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total 3 42
30 - 89 Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total 6 2
90+ Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total 20 14
Loans and leases held for investment: | Multi-family    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total   24
Loans and leases held for investment: | Multi-family | Current    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total   24
Loans and leases held for investment: | Multi-family | 30 - 89 Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total   0
Loans and leases held for investment: | Multi-family | 90+ Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total   0
Loans and leases held for investment: | Commercial real estate    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total 6 12
Loans and leases held for investment: | Commercial real estate | Current    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total 0 8
Loans and leases held for investment: | Commercial real estate | 30 - 89 Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total 6 0
Loans and leases held for investment: | Commercial real estate | 90+ Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total 0 4
Loans and leases held for investment: | One-to-four family first mortgage    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total 23 12
Loans and leases held for investment: | One-to-four family first mortgage | Current    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total 3 7
Loans and leases held for investment: | One-to-four family first mortgage | 30 - 89 Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total 0 0
Loans and leases held for investment: | One-to-four family first mortgage | 90+ Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total $ 20 5
Other loans held for investment | Commercial and Industrial    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total   9
Other loans held for investment | Commercial and Industrial | Current    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total   2
Other loans held for investment | Commercial and Industrial | 30 - 89 Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total   2
Other loans held for investment | Commercial and Industrial | 90+ Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total   5
Other loans held for investment | Other    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total   1
Other loans held for investment | Other | Current    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total   1
Other loans held for investment | Other | 30 - 89 Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total   0
Other loans held for investment | Other | 90+ Past Due    
Financing Receivable, Troubled Debt Restructuring [Line Items]    
Total   $ 0
v3.25.3
Allowance for Credit Losses on Loans and Leases - Activity in the Allowance for Loan and Lease Losses (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]          
Balance, beginning of period $ 1,106 $ 1,268 $ 1,201 $ 992 $ 992
Charge-offs (92) (260) (356) (705)  
Recoveries 19 21 51 35  
Provision for (recovery of) credit losses on loans and leases 38 235 175 942  
Balance, end of period 1,071 1,264 1,071 1,264 1,201
Loans and leases held for investment: | Multi-family          
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]          
Balance, beginning of period 538 618 639 307 307
Charge-offs (53) (101) (238) (188) (308)
Recoveries 7 3 16 4  
Provision for (recovery of) credit losses on loans and leases 66 104 141 501  
Balance, end of period 558 624 558 624 639
Loans and leases held for investment: | Commercial Real Estate          
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]          
Balance, beginning of period 318 371 304 402 402
Charge-offs (19) (114) (41) (415) (466)
Recoveries 1 6 8 6  
Provision for (recovery of) credit losses on loans and leases (45) 79 (16) 349  
Balance, end of period 255 342 255 342 304
Loans and leases held for investment: | One-to-Four Family First Mortgage          
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]          
Balance, beginning of period 33 40 39 47 47
Charge-offs (1) (7) (3) (8) (8)
Recoveries 0 5 0 5  
Provision for (recovery of) credit losses on loans and leases 2 4 (2) (2)  
Balance, end of period 34 42 34 42 39
Loans and leases held for investment: | Commercial and Industrial          
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]          
Charge-offs     (50)   (136)
Other          
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]          
Balance, beginning of period 57 66 68 102 102
Charge-offs (10) (5) (24) (15)  
Recoveries 3 2 9 4  
Provision for (recovery of) credit losses on loans and leases 17 6 14 (22)  
Balance, end of period 67 69 67 69 68
Other | Commercial and Industrial          
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]          
Balance, beginning of period 160 173 151 134 134
Charge-offs (9) (33) (50) (79)  
Recoveries 8 5 18 16  
Provision for (recovery of) credit losses on loans and leases (2) 42 38 116  
Balance, end of period $ 157 $ 187 $ 157 $ 187 $ 151
v3.25.3
Allowance for Credit Losses on Loans and Leases - Narrative (Details)
Sep. 30, 2025
Dec. 31, 2024
Credit Loss [Abstract]    
Allowance for credit loss to loans held for investment ratio 1.71% 1.76%
v3.25.3
Allowance for Credit Losses on Loans and Leases - Additional Information about Nonaccrual Loans (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Financing Receivable, Impaired [Line Items]    
Non-accrual loans with no related allowance: $ 2,681 $ 1,636
Non-accrual loans with an allowance recorded: 560 979
Total non-accrual loans 3,241 2,615
Related Allowance 168 164
Mortgage Loans Held for Investment | Multi-family    
Financing Receivable, Impaired [Line Items]    
Non-accrual loans with no related allowance: 2,148 1,092
Non-accrual loans with an allowance recorded: 292 663
Total non-accrual loans 2,440 1,755
Related Allowance 47 77
Mortgage Loans Held for Investment | Commercial real estate    
Financing Receivable, Impaired [Line Items]    
Non-accrual loans with no related allowance: 394 429
Non-accrual loans with an allowance recorded: 157 135
Total non-accrual loans 551 564
Related Allowance 56 31
Mortgage Loans Held for Investment | One-to-four family first mortgage    
Financing Receivable, Impaired [Line Items]    
Non-accrual loans with no related allowance: 52 61
Non-accrual loans with an allowance recorded: 18 9
Total non-accrual loans 70 70
Related Allowance 2 1
Other    
Financing Receivable, Impaired [Line Items]    
Non-accrual loans with no related allowance: 0 3
Non-accrual loans with an allowance recorded: 26 21
Total non-accrual loans 26 24
Related Allowance 23 55
Other | Commercial and Industrial    
Financing Receivable, Impaired [Line Items]    
Non-accrual loans with no related allowance: 87 51
Non-accrual loans with an allowance recorded: 67 151
Total non-accrual loans 154 202
Related Allowance $ 40 $ 0
v3.25.3
Leases, Premises and Equipment - Narrative (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Lessor, Lease, Description [Line Items]    
Residual value of leased asset $ 251 $ 262
Term of contract 20 years  
Minimum    
Lessor, Lease, Description [Line Items]    
Term of lease 24 months  
Maximum    
Lessor, Lease, Description [Line Items]    
Term of lease 120 months  
v3.25.3
Leases - Components of Lease Income (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Leases [Abstract]        
Interest income on lease financing $ 24 $ 32 $ 72 $ 105
v3.25.3
Leases - Component of Lease Expense (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Leases [Abstract]        
Operating lease cost $ 14 $ 20 $ 61 $ 58
v3.25.3
Leases, Premises and Equipment - Supplemental Balance Sheet Information (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Operating Leases:    
Operating lease right-of-use assets $ 389 $ 416
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Other assets Other assets
Operating lease liabilities $ 438 $ 463
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Operating lease liabilities Operating lease liabilities
Weighted average remaining lease term 10 years 3 months 18 days 10 years 8 months 12 days
Weighted average discount rate % 4.79% 4.77%
v3.25.3
Leases, Premises and Equipment - Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash paid for amounts included in the measurement of lease liabilities:    
Operating cash flows from operating leases $ 58 $ 54
v3.25.3
Leases, Premises and Equipment - Premises and Equipment (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Leases [Abstract]    
Premises and equipment $ 997 $ 1,131
Less: Accumulated depreciation (533) (569)
Premises and equipment, net $ 464 $ 562
v3.25.3
Leases, Premises and Equipment - Depreciation Expense (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Leases [Abstract]        
Depreciation $ 10 $ 13 $ 32 $ 34
v3.25.3
Variable Interest Entities (Details)
$ in Millions
 9 Months Ended 12 Months Ended
Sep. 30, 2025
USD ($)
entity
Dec. 31, 2024
USD ($)
entity
Private-label Securitizations [Line Items]    
Number of variable interest entities | entity 0 0
Fair Value $ 15,052 $ 10,402
Private label CMOs    
Private-label Securitizations [Line Items]    
Fair Value 161 163
Recurring | Private label CMOs    
Private-label Securitizations [Line Items]    
Fair Value $ 161 $ 163
Variable Interest Entity, Not Primary Beneficiary    
Private-label Securitizations [Line Items]    
VIE ownership percentage 5.00% 5.00%
v3.25.3
Borrowed Funds - Breakdown of Borrowed Funds (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Debt Instrument    
Total borrowed funds $ 13,182 $ 14,426
Total wholesale borrowings    
Debt Instrument    
Total borrowed funds 12,150 13,400
FHLB advances    
Debt Instrument    
Total borrowed funds 12,150 13,400
Junior subordinated debentures    
Debt Instrument    
Total borrowed funds 584 582
Subordinated notes    
Debt Instrument    
Total borrowed funds $ 448 $ 444
v3.25.3
Borrowed Funds - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2025
Dec. 31, 2024
Debt Instrument        
Interest payable     $ 47 $ 51
FHLB lockout period     12 months  
FHLB available capacity     $ 5,400 6,600
FHLB advance, maturity period     5 years  
Decrease in total borrowed funds     $ (1,200)  
Repayment of FHLB advances upon maturity $ 1,000 $ 250    
Junior subordinated debentures     610 610
Subordinated notes     $ 448 $ 444
v3.25.3
Borrowed Funds - FHLB Advances (Details)
$ in Millions
Sep. 30, 2025
USD ($)
Amount  
2025 $ 2,500
2026 3,000
2027 4,000
2028 2,400
2032 250
Total FHLB advances $ 12,150
Weighted Average Interest Rate  
2025 0.0436
2026 4.70%
2027 4.47%
2028 4.71%
2032 0.0350
Amount  
2025 $ 2,750
2026 3,000
2027 4,000
2028 2,400
2032 0
Total FHLB advances $ 12,150
Weighted Average Interest Rate  
2025 4.28%
2026 4.70%
2027 4.47%
2028 4.71%
2032 0.00%
v3.25.3
Borrowed Funds - Junior Subordinated Debentures (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Debt Instrument    
Junior subordinated debentures $ 610 $ 610
Capital Securities Amount Outstanding 590  
Flagstar Bancorp    
Debt Instrument    
Fair value adjustments, business combination $ (26)  
New York Community Capital Trust V (BONUSES Units)    
Debt Instrument    
Interest Rate of Capital Securities and Debentures 6.00%  
Junior subordinated debentures $ 148  
Capital Securities Amount Outstanding $ 142  
New York Community Capital Trust X    
Debt Instrument    
Interest Rate of Capital Securities and Debentures 5.90%  
Junior subordinated debentures $ 124  
Capital Securities Amount Outstanding $ 120  
PennFed Capital Trust III    
Debt Instrument    
Interest Rate of Capital Securities and Debentures 7.55%  
Junior subordinated debentures $ 31  
Capital Securities Amount Outstanding $ 30  
New York Community Capital Trust XI    
Debt Instrument    
Interest Rate of Capital Securities and Debentures 5.91%  
Junior subordinated debentures $ 59  
Capital Securities Amount Outstanding $ 58  
Flagstar Statutory Trust II    
Debt Instrument    
Interest Rate of Capital Securities and Debentures 7.51%  
Junior subordinated debentures $ 26  
Capital Securities Amount Outstanding $ 25  
Flagstar Statutory Trust III    
Debt Instrument    
Interest Rate of Capital Securities and Debentures 7.83%  
Junior subordinated debentures $ 26  
Capital Securities Amount Outstanding $ 25  
Flagstar Statutory Trust IV    
Debt Instrument    
Interest Rate of Capital Securities and Debentures 7.51%  
Junior subordinated debentures $ 26  
Capital Securities Amount Outstanding $ 25  
Flagstar Statutory Trust V    
Debt Instrument    
Interest Rate of Capital Securities and Debentures 6.58%  
Junior subordinated debentures $ 26  
Capital Securities Amount Outstanding $ 25  
Flagstar Statutory Trust VI    
Debt Instrument    
Interest Rate of Capital Securities and Debentures 6.58%  
Junior subordinated debentures $ 26  
Capital Securities Amount Outstanding $ 25  
Flagstar Statutory Trust VII    
Debt Instrument    
Interest Rate of Capital Securities and Debentures 6.05%  
Junior subordinated debentures $ 51  
Capital Securities Amount Outstanding $ 50  
Flagstar Statutory Trust VIII    
Debt Instrument    
Interest Rate of Capital Securities and Debentures 6.08%  
Junior subordinated debentures $ 26  
Capital Securities Amount Outstanding $ 25  
Flagstar Statutory Trust IX    
Debt Instrument    
Interest Rate of Capital Securities and Debentures 5.75%  
Junior subordinated debentures $ 26  
Capital Securities Amount Outstanding $ 25  
Flagstar Statutory Trust X    
Debt Instrument    
Interest Rate of Capital Securities and Debentures 6.80%  
Junior subordinated debentures $ 15  
Capital Securities Amount Outstanding $ 15  
v3.25.3
Borrowed Funds - Subordinated Notes (Details) - Subordinated notes - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Nov. 06, 2023
Subordinated Notes Maturing In 2028    
Debt Instrument    
Interest Rate 7.296% 5.90%
Original Issue Amount $ 300  
Variable rate on spread 3.0416%  
Subordinated Notes Maturing In 2030    
Debt Instrument    
Interest Rate 4.125%  
Original Issue Amount $ 150  
v3.25.3
Pension Benefits (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Components of net periodic pension expense (income)        
Interest cost $ 1 $ 1 $ 4 $ 3
Expected return on plan assets (4) (4) (12) (12)
Amortization of net actuarial loss 1 1 3 3
Net periodic expense (income) $ (2) $ (2) $ (5) $ (6)
v3.25.3
Federal, State, and Local Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Tax Disclosure [Abstract]        
Income tax (benefit) $ (5) $ (55) $ (37) $ (210)
Effective tax rate 12.20% 16.30% 15.20% 18.40%
v3.25.3
Stock-Based Compensation - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 9 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Non-vested balance (in shares) 7,063,627  
Restricted Stock Units (RSUs)    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Non-vested balance (in shares) 8,588,655 7,621,331
Granted (in shares) 5,199,148  
Granted (in usd per share) $ 11.57  
Unrecognized stock-based compensation cost for options $ 90  
Period to be recognized 2 years 2 months 12 days  
Restricted Stock Units (RSUs) | Minimum    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Vesting period 1 year  
Restricted Stock Units (RSUs) | Maximum    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Vesting period 3 years  
Stock Options    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Unrecognized stock-based compensation cost for options $ 31  
Period to be recognized 1 year 7 months 6 days  
v3.25.3
Stock-Based Compensation - Stock Based Compensation Expense and Related Tax Benefit (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]        
Stock-based compensation expense $ 17 $ 17 $ 46 $ 39
Tax benefit $ 3 $ 3 $ 8 $ 6
v3.25.3
Stock-Based Compensation - Restricted Stock Activity (Details)
 9 Months Ended
Sep. 30, 2025
$ / shares
shares
Number of Shares  
Unvested balance at end of period (in shares) 7,063,627
Restricted Stock Units (RSUs)  
Number of Shares  
Unvested balance at beginning of period (in shares) 7,621,331
Granted (in shares) 5,199,148
Vested (in shares) (2,009,630)
Forfeited (in shares) (2,222,194)
Unvested balance at end of period (in shares) 8,588,655
Weighted Average Grant Date Fair Value  
Unvested balance at beginning of period (in usd per share) | $ / shares $ 17.20
Granted (in usd per share) | $ / shares 11.57
Vested (in usd per share) | $ / shares 17.60
Forfeited (in usd per share) | $ / shares 15.36
Unvested balance at end of period (in usd per share) | $ / shares $ 14.17
v3.25.3
Stock-Based Compensation - Stock Option Activity (Details)
 9 Months Ended
Sep. 30, 2025
$ / shares
shares
Number of Options  
Unvested, beginning balance (in shares) 12,083,000
Granted (in shares) 0
Vested (in shares) (4,583,333)
Forfeited (in shares) (1,000,000)
Unvested, ending balance (in shares) 6,499,667
Exercisable, ending balance (in shares) 5,833,333
Weighted- Average Exercise Price per Share  
Outstanding, beginning balance (in usd per share) | $ / shares $ 8.69
Granted (in usd per share) | $ / shares 0
Vested (in usd per share) | $ / shares 8.98
Forfeited (in usd per share) | $ / shares 9.21
Outstanding, ending balance (in usd per share) | $ / shares $ 8.41
v3.25.3
Derivative and Hedging Activities - Notional Amount and Fair Value of Derivative Financial Instruments (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Assets          
Net gain on loan sales and securitizations $ 5,000,000 $ 5,000,000 $ 24,000,000 $ 43,000,000  
Fee income 23,000,000 42,000,000 67,000,000 117,000,000  
Net return on mortgage servicing rights 0 (34,000,000) 0 (74,000,000)  
Derivatives designated as hedging instruments: | Interest rate swaps | Other Assets | Fair Value Hedging          
Assets          
Notional Amount 2,993,000,000   2,993,000,000   $ 0
Fair Value 0   0   0
Derivatives designated as hedging instruments: | Interest rate swaps | Other Assets | Cash Flow Hedging          
Assets          
Notional Amount 2,000,000,000   2,000,000,000   0
Fair Value 0   0   0
Derivatives designated as hedging instruments: | Interest rate swaps | Other Liabilities | Fair Value Hedging          
Assets          
Fair Value 0   0   0
Derivatives designated as hedging instruments: | Interest rate swaps | Other Liabilities | Cash Flow Hedging          
Assets          
Fair Value 0   0   0
Derivatives not designated as hedging instruments: | Interest rate swaps          
Assets          
Fee income 0   0    
Net return on mortgage servicing rights   45,000,000   0  
Derivatives not designated as hedging instruments: | Interest rate swaps | Other Assets          
Assets          
Notional Amount 3,843,000,000   3,843,000,000   3,323,000,000
Fair Value 20,000,000   20,000,000   15,000,000
Derivatives not designated as hedging instruments: | Interest rate swaps | Other Liabilities          
Assets          
Fair Value 21,000,000   21,000,000   30,000,000
Derivatives not designated as hedging instruments: | Rate lock commitments | Other Assets          
Assets          
Notional Amount 345,000,000   345,000,000   563,000,000
Fair Value 3,000,000   3,000,000   3,000,000
Derivatives not designated as hedging instruments: | Rate lock commitments | Other Liabilities          
Assets          
Fair Value 0   0   3,000,000
Derivatives not designated as hedging instruments: | Mortgage-backed securities forwards          
Assets          
Net gain on loan sales and securitizations 0 $ 0 0 $ 20,000,000  
Derivatives not designated as hedging instruments: | Mortgage-backed securities forwards | Other Assets          
Assets          
Notional Amount 211,000,000   211,000,000   344,000,000
Fair Value 0   0   7,000,000
Derivatives not designated as hedging instruments: | Mortgage-backed securities forwards | Other Liabilities          
Assets          
Fair Value $ 1,000,000   $ 1,000,000   $ 2,000,000
v3.25.3
Derivative and Hedging Activities - Company's Carrying Amounts on our Hedged Loans (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosures [Line Items]          
Loans and leases $ 819 $ 1,061 $ 2,519 $ 3,421  
U. S. treasury obligations          
Derivative Instruments and Hedging Activities Disclosures [Line Items]          
Carrying Amount of Hedged Items 1,015   1,015   $ 0
Cumulative Amount of Fair Value Hedging Adjustments 15   15   0
GSE CMOs          
Derivative Instruments and Hedging Activities Disclosures [Line Items]          
Carrying Amount of Hedged Items 2,026   2,026   0
Cumulative Amount of Fair Value Hedging Adjustments 7   7   0
GSE debentures          
Derivative Instruments and Hedging Activities Disclosures [Line Items]          
Carrying Amount of Hedged Items 1,287   1,287   0
Cumulative Amount of Fair Value Hedging Adjustments 11   11   0
Debt securities available-for-sale          
Derivative Instruments and Hedging Activities Disclosures [Line Items]          
Carrying Amount of Hedged Items 4,328   4,328   0
Cumulative Amount of Fair Value Hedging Adjustments 33   33   0
Loans and leases held-for-investment          
Derivative Instruments and Hedging Activities Disclosures [Line Items]          
Carrying Amount of Hedged Items 3,389   3,389   5,861
Cumulative Amount of Fair Value Hedging Adjustments (6)   (6)   $ (18)
Loans and leases $ 0 $ 0 $ 10 $ 24  
v3.25.3
Derivative and Hedging Activities - Derivatives Subject to a Master Netting Arrangement (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Derivatives designated as hedging instruments: | Interest rate swaps | Interest rate swaps (fair value hedge)    
Assets    
Gross Amounts Not Offset in the Statements of Condition $ 0  
Cash Collateral Pledged (Received) 65  
Derivatives designated as hedging instruments: | Interest rate swaps | Interest rate caps (cash flow hedge)    
Assets    
Gross Amounts Not Offset in the Statements of Condition 0  
Cash Collateral Pledged (Received) 0  
Derivatives not designated as hedging instruments:    
Assets    
Gross Amounts Not Offset in the Statements of Condition 20 $ 22
Cash Collateral Pledged (Received) 0 (5)
Liabilities    
Gross Amounts Not Offset in the Statements of Condition 22 32
Cash Collateral Pledged (Received) 41 57
Derivatives not designated as hedging instruments: | Interest rate swaps    
Liabilities    
Gross Amounts Not Offset in the Statements of Condition 21 30
Cash Collateral Pledged (Received) 40 47
Derivatives not designated as hedging instruments: | Interest rate swaptions    
Assets    
Gross Amounts Not Offset in the Statements of Condition 20 15
Cash Collateral Pledged (Received) 0 (3)
Derivatives not designated as hedging instruments: | Mortgage-backed securities forwards    
Assets    
Gross Amounts Not Offset in the Statements of Condition   7
Cash Collateral Pledged (Received)   (2)
Liabilities    
Gross Amounts Not Offset in the Statements of Condition 1 2
Cash Collateral Pledged (Received) $ 1 $ 10
v3.25.3
Derivative and Hedging Activities - Restrictions on Cash and Cash Equivalents (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]        
Cash and cash equivalents $ 8,484 $ 15,430    
Restricted cash included in other assets 75      
Total $ 8,559 $ 15,559 $ 23,151 $ 11,609
v3.25.3
Intangible Assets - Finite-Lived Intangible Assets (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount $ 721 $ 726
Accumulated Amortization (314) (238)
Net Carrying Value 407 488
Core deposit intangible    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 700 700
Accumulated Amortization (307) (229)
Net Carrying Value 393 471
Other intangible assets    
Finite-Lived Intangible Assets [Line Items]    
Gross Carrying Amount 21 26
Accumulated Amortization (7) (9)
Net Carrying Value $ 14 $ 17
v3.25.3
Intangible Assets - Amortization Expenses (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]        
Amortization expense $ 26 $ 37 $ 81 $ 105
v3.25.3
Fair Value Measures - Financial Instruments Carried at Fair Value (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Assets:    
Total debt securities available for sale $ 15,052 $ 10,402
Total equity securities 55 14
Total mortgage-related debt securities    
Assets:    
Total debt securities available for sale 12,327 8,573
GSE CMOs    
Assets:    
Total debt securities available for sale 11,161 7,304
GSE certificates    
Assets:    
Total debt securities available for sale 1,005 1,106
Private label CMOs    
Assets:    
Total debt securities available for sale 161 163
Total other debt securities    
Assets:    
Total debt securities available for sale 2,725 1,829
GSE debentures    
Assets:    
Total debt securities available for sale 1,286 1,203
U. S. treasury obligations    
Assets:    
Total debt securities available for sale 1,014  
Asset-backed securities    
Assets:    
Total debt securities available for sale 218 236
Corporate bonds    
Assets:    
Total debt securities available for sale 157 308
Municipal bonds, foreign notes, and capital trust    
Assets:    
Total debt securities available for sale 5 5
Recurring    
Assets:    
Total securities 15,107 10,416
Mortgage servicing rights   26
Total assets at fair value 15,379 11,031
Liabilities:    
Total liabilities at fair value 22 35
Recurring | Interest rate swaps    
Assets:    
Derivative assets 20 15
Liabilities:    
Derivative liabilities 21  
Recurring | Interest rate swaps and swaptions    
Liabilities:    
Derivative liabilities   30
Recurring | Rate lock commitments    
Assets:    
Derivative assets 3 3
Liabilities:    
Derivative liabilities   3
Recurring | Mortgage-backed securities forwards    
Assets:    
Derivative assets   7
Liabilities:    
Derivative liabilities 1 2
Recurring | Commercial real estate    
Assets:    
Loans held for sale 65 182
Recurring | One-to-four family first mortgage    
Assets:    
Loans held for sale 184 382
Recurring | Total debt securities available for sale    
Assets:    
Total debt securities available for sale 15,052 10,402
Recurring | Total mortgage-related debt securities    
Assets:    
Total debt securities available for sale 12,327 8,573
Recurring | GSE CMOs    
Assets:    
Total debt securities available for sale 11,161 7,304
Recurring | GSE certificates    
Assets:    
Total debt securities available for sale 1,005 1,106
Recurring | Private label CMOs    
Assets:    
Total debt securities available for sale 161 163
Recurring | Total other debt securities    
Assets:    
Total debt securities available for sale 2,725 1,829
Recurring | GSE debentures    
Assets:    
Total debt securities available for sale 1,286 1,203
Recurring | U. S. treasury obligations    
Assets:    
Total debt securities available for sale 1,014  
Recurring | Asset-backed securities    
Assets:    
Total debt securities available for sale 218 236
Recurring | Corporate bonds    
Assets:    
Total debt securities available for sale 157 308
Recurring | Municipal bonds, foreign notes, and capital trust    
Assets:    
Total debt securities available for sale 50 82
Recurring | Total equity securities    
Assets:    
Total equity securities 55 14
Recurring | Mutual funds and common stock    
Assets:    
Total equity securities 55 14
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Assets:    
Total securities 1,055 0
Mortgage servicing rights   0
Total assets at fair value 1,055 0
Liabilities:    
Total liabilities at fair value 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate swaps    
Assets:    
Derivative assets 0 0
Liabilities:    
Derivative liabilities 0  
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Interest rate swaps and swaptions    
Liabilities:    
Derivative liabilities   0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Rate lock commitments    
Assets:    
Derivative assets 0 0
Liabilities:    
Derivative liabilities   0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed securities forwards    
Assets:    
Derivative assets   0
Liabilities:    
Derivative liabilities 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Commercial real estate    
Assets:    
Loans held for sale 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | One-to-four family first mortgage    
Assets:    
Loans held for sale 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Total debt securities available for sale    
Assets:    
Total debt securities available for sale 1,014 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Total mortgage-related debt securities    
Assets:    
Total debt securities available for sale 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | GSE CMOs    
Assets:    
Total debt securities available for sale 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | GSE certificates    
Assets:    
Total debt securities available for sale 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Private label CMOs    
Assets:    
Total debt securities available for sale 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Total other debt securities    
Assets:    
Total debt securities available for sale 1,014 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | GSE debentures    
Assets:    
Total debt securities available for sale 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | U. S. treasury obligations    
Assets:    
Total debt securities available for sale 1,014  
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Asset-backed securities    
Assets:    
Total debt securities available for sale 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate bonds    
Assets:    
Total debt securities available for sale 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal bonds, foreign notes, and capital trust    
Assets:    
Total debt securities available for sale 0 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Total equity securities    
Assets:    
Total equity securities 41 0
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | Mutual funds and common stock    
Assets:    
Total equity securities 41 0
Recurring | Significant Other Observable Inputs (Level 2)    
Assets:    
Total securities 14,029 10,383
Mortgage servicing rights   0
Total assets at fair value 14,298 10,969
Liabilities:    
Total liabilities at fair value 22 32
Recurring | Significant Other Observable Inputs (Level 2) | Interest rate swaps    
Assets:    
Derivative assets 20 15
Liabilities:    
Derivative liabilities 21  
Recurring | Significant Other Observable Inputs (Level 2) | Interest rate swaps and swaptions    
Liabilities:    
Derivative liabilities   30
Recurring | Significant Other Observable Inputs (Level 2) | Rate lock commitments    
Assets:    
Derivative assets 0 0
Liabilities:    
Derivative liabilities   0
Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-backed securities forwards    
Assets:    
Derivative assets   7
Liabilities:    
Derivative liabilities 1 2
Recurring | Significant Other Observable Inputs (Level 2) | Commercial real estate    
Assets:    
Loans held for sale 65 182
Recurring | Significant Other Observable Inputs (Level 2) | One-to-four family first mortgage    
Assets:    
Loans held for sale 184 382
Recurring | Significant Other Observable Inputs (Level 2) | Total debt securities available for sale    
Assets:    
Total debt securities available for sale 14,015 10,369
Recurring | Significant Other Observable Inputs (Level 2) | Total mortgage-related debt securities    
Assets:    
Total debt securities available for sale 12,304 8,540
Recurring | Significant Other Observable Inputs (Level 2) | GSE CMOs    
Assets:    
Total debt securities available for sale 11,161 7,304
Recurring | Significant Other Observable Inputs (Level 2) | GSE certificates    
Assets:    
Total debt securities available for sale 1,005 1,106
Recurring | Significant Other Observable Inputs (Level 2) | Private label CMOs    
Assets:    
Total debt securities available for sale 138 130
Recurring | Significant Other Observable Inputs (Level 2) | Total other debt securities    
Assets:    
Total debt securities available for sale 1,711 1,829
Recurring | Significant Other Observable Inputs (Level 2) | GSE debentures    
Assets:    
Total debt securities available for sale 1,286 1,203
Recurring | Significant Other Observable Inputs (Level 2) | U. S. treasury obligations    
Assets:    
Total debt securities available for sale 0  
Recurring | Significant Other Observable Inputs (Level 2) | Asset-backed securities    
Assets:    
Total debt securities available for sale 218 236
Recurring | Significant Other Observable Inputs (Level 2) | Corporate bonds    
Assets:    
Total debt securities available for sale 157 308
Recurring | Significant Other Observable Inputs (Level 2) | Municipal bonds, foreign notes, and capital trust    
Assets:    
Total debt securities available for sale 50 82
Recurring | Significant Other Observable Inputs (Level 2) | Total equity securities    
Assets:    
Total equity securities 14 14
Recurring | Significant Other Observable Inputs (Level 2) | Mutual funds and common stock    
Assets:    
Total equity securities 14 14
Recurring | Significant Unobservable Inputs (Level 3)    
Assets:    
Total securities 23 33
Mortgage servicing rights   26
Total assets at fair value 26 62
Liabilities:    
Total liabilities at fair value 0 3
Recurring | Significant Unobservable Inputs (Level 3) | Interest rate swaps    
Assets:    
Derivative assets 0 0
Liabilities:    
Derivative liabilities 0  
Recurring | Significant Unobservable Inputs (Level 3) | Interest rate swaps and swaptions    
Liabilities:    
Derivative liabilities   0
Recurring | Significant Unobservable Inputs (Level 3) | Rate lock commitments    
Assets:    
Derivative assets 3 3
Liabilities:    
Derivative liabilities   3
Recurring | Significant Unobservable Inputs (Level 3) | Mortgage-backed securities forwards    
Assets:    
Derivative assets   0
Liabilities:    
Derivative liabilities 0 0
Recurring | Significant Unobservable Inputs (Level 3) | Commercial real estate    
Assets:    
Loans held for sale 0 0
Recurring | Significant Unobservable Inputs (Level 3) | One-to-four family first mortgage    
Assets:    
Loans held for sale 0 0
Recurring | Significant Unobservable Inputs (Level 3) | Total debt securities available for sale    
Assets:    
Total debt securities available for sale 23 33
Recurring | Significant Unobservable Inputs (Level 3) | Total mortgage-related debt securities    
Assets:    
Total debt securities available for sale 23 33
Recurring | Significant Unobservable Inputs (Level 3) | GSE CMOs    
Assets:    
Total debt securities available for sale 0 0
Recurring | Significant Unobservable Inputs (Level 3) | GSE certificates    
Assets:    
Total debt securities available for sale 0 0
Recurring | Significant Unobservable Inputs (Level 3) | Private label CMOs    
Assets:    
Total debt securities available for sale 23 33
Recurring | Significant Unobservable Inputs (Level 3) | Total other debt securities    
Assets:    
Total debt securities available for sale 0 0
Recurring | Significant Unobservable Inputs (Level 3) | GSE debentures    
Assets:    
Total debt securities available for sale 0 0
Recurring | Significant Unobservable Inputs (Level 3) | U. S. treasury obligations    
Assets:    
Total debt securities available for sale 0  
Recurring | Significant Unobservable Inputs (Level 3) | Asset-backed securities    
Assets:    
Total debt securities available for sale 0 0
Recurring | Significant Unobservable Inputs (Level 3) | Corporate bonds    
Assets:    
Total debt securities available for sale 0 0
Recurring | Significant Unobservable Inputs (Level 3) | Municipal bonds, foreign notes, and capital trust    
Assets:    
Total debt securities available for sale 0 0
Recurring | Significant Unobservable Inputs (Level 3) | Total equity securities    
Assets:    
Total equity securities 0 0
Recurring | Significant Unobservable Inputs (Level 3) | Mutual funds and common stock    
Assets:    
Total equity securities $ 0 $ 0
v3.25.3
Fair Value Measures - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Nonrecurring - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Loans held for investment $ 3,083 $ 2,469
Loans held for sale 286 335
Other assets 32 52
Total assets at fair value 3,401 2,856
Quoted Prices in Active Markets for Identical Assets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Loans held for investment 0 0
Loans held for sale 0 0
Other assets 0 0
Total assets at fair value 0 0
Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Loans held for investment 0 0
Loans held for sale 286 335
Other assets 0 0
Total assets at fair value 286 335
Significant Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis    
Loans held for investment 3,083 2,469
Loans held for sale 0 0
Other assets 32 52
Total assets at fair value $ 3,115 $ 2,521
v3.25.3
Fair Value Measures - Carrying Amount and Estimated Fair Value of Financial Instruments (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Carrying Value    
Financial Assets:    
Cash and cash equivalents $ 8,484 $ 15,430
FHLB and FRB-NY stock 1,018 1,146
Loans and leases held for investment, net 61,590 67,071
Financial Liabilities:    
Deposits 69,152 75,870
Borrowed funds 13,182 14,426
Estimated Fair Value    
Financial Assets:    
Cash and cash equivalents 8,484 15,430
FHLB and FRB-NY stock 1,018 1,146
Loans and leases held for investment, net 57,767 61,831
Financial Liabilities:    
Deposits 69,136 75,894
Borrowed funds 12,965 14,217
Estimated Fair Value | Quoted Prices in Active Markets for Identical Assets (Level 1)    
Financial Assets:    
Cash and cash equivalents 8,484 15,430
FHLB and FRB-NY stock 0 0
Loans and leases held for investment, net 0 0
Financial Liabilities:    
Deposits 46,783 48,546
Borrowed funds 0 0
Estimated Fair Value | Significant Other Observable Inputs (Level 2)    
Financial Assets:    
Cash and cash equivalents 0 0
FHLB and FRB-NY stock 1,018 1,146
Loans and leases held for investment, net 0 0
Financial Liabilities:    
Deposits 22,353 27,348
Borrowed funds 12,965 14,217
Estimated Fair Value | Significant Unobservable Inputs (Level 3)    
Financial Assets:    
Cash and cash equivalents 0 0
FHLB and FRB-NY stock 0 0
Loans and leases held for investment, net 57,767 61,831
Financial Liabilities:    
Deposits 0 0
Borrowed funds $ 0 $ 0
v3.25.3
Fair Value Measures - Changes in Fair Value Included in Earnings - Fair Value Option (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Fair Value Disclosures [Abstract]        
Net gain on loan sales and securitizations $ 5 $ 63 $ 18 $ 78
v3.25.3
Fair Value Measures - Differences Between Aggregate Fair Value and Aggregate Remaining Contractual Principal Balance Outstanding - Fair Value Option (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Fair Value, Option, Quantitative Disclosures    
Unpaid Principal Balance $ 247 $ 624
Fair Value 249 630
Fair Value Over / (Under) UPB 2 6
Non-accrual loans:    
Fair Value, Option, Quantitative Disclosures    
Unpaid Principal Balance 4 4
Fair Value 4 4
Fair Value Over / (Under) UPB 0 0
Accrual loans:    
Fair Value, Option, Quantitative Disclosures    
Unpaid Principal Balance 243 620
Fair Value 245 626
Fair Value Over / (Under) UPB 2 6
Loans held for sale:    
Fair Value, Option, Quantitative Disclosures    
Unpaid Principal Balance 247 557
Fair Value 249 564
Fair Value Over / (Under) UPB 2 7
Loans held for sale: | Non-accrual loans:    
Fair Value, Option, Quantitative Disclosures    
Unpaid Principal Balance 4 4
Fair Value 4 4
Fair Value Over / (Under) UPB 0 0
Loans held for sale: | Accrual loans:    
Fair Value, Option, Quantitative Disclosures    
Unpaid Principal Balance 243 553
Fair Value 245 560
Fair Value Over / (Under) UPB 2 7
Loans held-for-investment    
Fair Value, Option, Quantitative Disclosures    
Unpaid Principal Balance 0 67
Fair Value 0 66
Fair Value Over / (Under) UPB 0 (1)
Loans held-for-investment | Accrual loans:    
Fair Value, Option, Quantitative Disclosures    
Unpaid Principal Balance 0 67
Fair Value 0 66
Fair Value Over / (Under) UPB $ 0 $ (1)
v3.25.3
Mezzanine and Stockholders' Equity - Preferred and Temporary Equity (Details) - USD ($)
 9 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Amount Outstanding        
Preferred stock $ 503,000,000 $ 503,000,000    
Common stock $ 4,000,000 $ 4,000,000    
Shares Authorized        
Common stock (in shares) 666,666,666 666,666,666    
Shares Issued        
Common stock (in shares) 422,749,037 422,416,178    
Shares Outstanding        
Common stock outstanding (in shares) 415,608,145 414,934,628    
Par Value        
Preferred stock (in usd per share) $ 0.01 $ 0.01 $ 0.01 $ 0.01
Noncumulative convertible preferred stock (in usd per share) 0.01 0.01 0.01 0.01
Common stock (in usd per share) $ 0.01 $ 0.01 $ 0.01 $ 0.01
Noncumulative Series A Preferred Stock        
Amount Outstanding        
Preferred stock $ 503,000,000      
Shares Authorized        
Preferred stock (in shares) 5,000,000      
Shares Issued        
Preferred stock (in shares) 515,000      
Shares Outstanding        
Preferred stock (in shares) 515,000      
Par Value        
Preferred stock (in usd per share) $ 0.01      
Liquidation Preference Per Share        
Preferred stock $ 1,000      
Noncumulative Convertible Preferred Stock Series B        
Amount Outstanding        
Preferred stock $ 1,000,000      
Shares Authorized        
Noncumulative convertible preferred stock (in shares) 267,062      
Shares Issued        
Noncumulative convertible preferred stock (in shares) 192,062      
Shares Outstanding        
Noncumulative convertible preferred stock (in shares) 750      
Par Value        
Noncumulative convertible preferred stock (in usd per share) $ 0.01      
Liquidation Preference Per Share        
Noncumulative convertible preferred stock $ 0      
Noncumulative Convertible Preferred Stock Series C        
Temporary Equity [Line Items]        
Dividend rate percentage 13.00%      
Amount Outstanding        
Preferred stock $ 0      
Shares Authorized        
Noncumulative convertible preferred stock (in shares) 523,369      
Shares Issued        
Noncumulative convertible preferred stock (in shares) 0      
Shares Outstanding        
Noncumulative convertible preferred stock (in shares) 0      
Par Value        
Noncumulative convertible preferred stock (in usd per share) $ 0.01      
Liquidation Preference Per Share        
Noncumulative convertible preferred stock $ 2,000      
Non-Voting Common Equivalent Series D        
Amount Outstanding        
Common stock $ 0      
Shares Authorized        
Common stock (in shares) 315,000      
Shares Issued        
Common stock (in shares) 45      
Shares Outstanding        
Common stock outstanding (in shares) 15      
Par Value        
Common stock (in usd per share) $ 0.01      
Liquidation Preference Per Share        
Common stock $ 0.0001      
Preferred Stock A (Par Value: $0.01)        
Temporary Equity [Line Items]        
Dividend rate percentage 6.375%      
v3.25.3
Mezzanine and Stockholders' Equity - Narrative (Details)
$ / shares in Units, $ in Millions
 9 Months Ended
Mar. 17, 2027
Sep. 30, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
$ / shares
Sep. 30, 2024
$ / shares
Dec. 31, 2023
$ / shares
Temporary Equity [Line Items]          
Preferred stock, par value (in usd per share)   $ 0.01 $ 0.01 $ 0.01 $ 0.01
Series D Preferred Stock Warrants          
Temporary Equity [Line Items]          
Offering price (in usd per share)   $ 2,500      
Warrant term   7 years      
Convertible stock (in shares) | shares   2,481      
Forecast          
Temporary Equity [Line Items]          
Dividend payment variable rate 0.040826        
Noncumulative Series A Preferred Stock          
Temporary Equity [Line Items]          
Interest in share conversion ratio   0.025      
Liquidation preference per share (in usd per share)   $ 1,000      
Preferred stock, convertible, price (in usd per share)   $ 25      
Dividends | $   $ 25      
Preferred stock, par value (in usd per share)   $ 0.01      
Preferred Stock          
Temporary Equity [Line Items]          
Dividend rate percentage   6.375%      
Noncumulative Convertible Preferred Stock Series B          
Temporary Equity [Line Items]          
Common stock issued upon conversion (in shares) | shares   250,000      
Noncumulative Preferred Stock Series B          
Temporary Equity [Line Items]          
Dividends | $   $ 0      
Series D NYCE Stock          
Temporary Equity [Line Items]          
Preferred stock, par value (in usd per share)   $ 0.01      
Series D NYCE Stock | Series D Preferred Stock Warrants          
Temporary Equity [Line Items]          
Convertible stock (in shares) | shares   315,000      
Common Stock          
Temporary Equity [Line Items]          
Strike price (in usd per share)   $ 7.44      
Common Stock | Series D Preferred Stock Warrants          
Temporary Equity [Line Items]          
Convertible stock (in shares) | shares   105,000,000      
v3.25.3
Commitments and Contingencies (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Dec. 31, 2023
Other Commitments [Line Items]            
Stand-by letters of credit $ 661   $ 803      
Total commitments 13,186   13,843      
Allowance for credit losses on loans and leases 1,071 $ 1,106 1,201 $ 1,264 $ 1,268 $ 992
Total loan commitments            
Other Commitments [Line Items]            
Allowance for credit losses on loans and leases 57   50      
Total loan commitments            
Other Commitments [Line Items]            
Total loan commitments 12,525   13,040      
Multi-family and Commercial real estate            
Other Commitments [Line Items]            
Total loan commitments 748   2,478      
One-to-four family including interest rate locks            
Other Commitments [Line Items]            
Total loan commitments 1,381   725      
Other loan commitments            
Other Commitments [Line Items]            
Total loan commitments $ 10,396   $ 9,837      
v3.25.3
Segment Reporting (Details)
 9 Months Ended
Sep. 30, 2025
segment
Segment Reporting [Abstract]  
Number of reportable segment 1
Number of operating segment 1