SCHEDULE: Reverence Capital Discloses 8.65% Stake in Flagstar Bank

Reverence Capital Partners, through its affiliates, has disclosed a significant 8.65% beneficial ownership stake in Flagstar Bank, National Association, as of December 31, 2025.

Summary

• RCP Eagle Holdings LP, RCP Eagle Holdings GP LLC, and RCP GenPar HoldCo LLC (collectively, the "Reporting Persons") have filed a Schedule 13G.
• The Reporting Persons beneficially own 35,981,113 shares of Common Stock in Flagstar Bank, National Association.
• This ownership represents 8.65% of the outstanding Common Stock.
• The percentage is calculated based on 415,755,877 shares outstanding, as reported by Flagstar Bank in its Quarterly Report on Form 10-Q filed with the SEC on November 6, 2025.
• The Reporting Persons hold shared voting and dispositive power over all 35,981,113 shares.
• Decisions regarding the voting and disposition of the reported securities are made by a majority vote of an investment committee.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as a substantial stake by a specialized financial services investor like Reverence Capital Partners can imply a belief in the underlying value and future prospects of Flagstar Bank.

Positives

• A significant institutional investor, Reverence Capital Partners, has taken an 8.65% stake in Flagstar Bank, indicating potential confidence in the company's value or future prospects.
• The filing is a routine disclosure of a passive investment, suggesting no immediate activist intent from the Reporting Persons.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

StockSavvy.ai notes that a substantial stake by a private equity firm like Reverence Capital Partners, which specializes in financial services, often signals a belief in the long-term value or strategic potential of the target company within the banking sector. This could be viewed as a vote of confidence in Flagstar Bank's operational strategy or market position.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may instill greater confidence among existing shareholders and potentially attract new investors, as it signals a professional assessment of value.

Key Dates

Recommendation

While the disclosure of a significant institutional stake by Reverence Capital Partners is generally a positive signal, indicating confidence in Flagstar Bank's value, this filing alone does not provide sufficient operational or financial details to warrant a 'buy' or 'sell' recommendation. It primarily confirms a passive investment position. Investors should 'hold' and monitor future developments, including any further disclosures from Reverence Capital or Flagstar Bank's financial performance.

Keywords

Flagstar Bank, Reverence Capital Partners, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Bank, Financial Services