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75th Annual Regeneron International Science and Engineering Fair Awards Teen Scientists from Around the World More Than $9 Million in 2025 Competition

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Adam Kovalčík, 19, receives $100,000 Top Award for his development of a medicine that can stop viruses from copying genes and controlling infections at the world’s largest pre-college STEM competition in Columbus, Ohio

TARRYTOWN, N.Y. and WASHINGTON, May 16, 2025 /PRNewswire/ — Regeneron Pharmaceuticals, Inc. and Society for Science (the Society) announced that Adam Kovalčík, 19, of Dulovce, Slovakia, won the $100,000 George D. Yancopoulos Innovator Award at the 75th Regeneron International Science and Engineering Fair (Regeneron ISEF), the world’s largest pre-college science and engineering competition. The award is named in honor of pioneering drug developer and Regeneron co-Founder, Board co-Chair, President and Chief Scientific Officer. Other top prizes went to projects in sustainable plastics engineering, air quality detection and advancement in prosthetics.

The top winners were recognized during two award ceremonies: the Special Awards on May 15 and the Grand Awards Ceremony on May 16. In total, more than $9 million in awards and scholarships were distributed, honoring finalists for their creativity, innovative thinking and scientific rigor. The competition brought together nearly 1,700 young scientists representing 48 U.S. states and more than 60 countries, regions and territories.

Adam Kovalčík, 19, of Dulovce, Slovakia, won first place and received the $100,000 George D. Yancopoulos Innovator Award for his new way of making the investigational antiviral drug galidesivir. Early clinical trials have shown this drug to be safe in humans. Animal tests show it may be effective against a broad spectrum of viruses. But it is expensive to produce. By starting with cheap materials from corn husk waste, he designed a shorter, more efficient way of making galidesivir. He cut the process from 15 to 10 steps and made almost twice as much drug in less time. He then used these reactions to create a new antiviral drug that may work even better. His new way to make these medicines can greatly decrease their cost, from $75/gram to about $12.50/gram. By making these medicines easier to produce, they are also easier to study, and if approved, more accessible, giving us more options to treat viral infections.

Benjamin Davis, 16, of Wrentham, Massachusetts, received the $75,000 Regeneron Young Scientist Award for creating a desktop plastic recycling system. The user-friendly system can recycle 3D printer waste and other plastics. It turns them into filaments for 3D printing. Up to 67% of the filament used in a typical 3D printing project may end up as waste. Using electrical, mechanical and chemical engineering methods, Benjamin combined pultrusion (push-through) and extrusion (pull-through) processes. Together, this made the process about 45% more efficient. His device is faster than other home recyclers and creates a higher quality product. Its easy operation means nontechnical users can recycle and 3D print more efficiently. His design is an effective recycling machine that costs 90% less than commercial options.

Siyaa Poddar, 16, of Chandler, Arizona, received the $75,000 Regeneron Young Scientist Award for her device, which rapidly detects toxic dusts. In the U.S. Southwest, toxic silica and uranium dusts from abandoned mines are a public health challenge. They contaminate the soil, air and groundwater, and can trigger autoimmune diseases like Sjögren’s syndrome. Rates of Sjögren’s syndrome are disproportionately high on Indigenous reservations in the Southwest, where many abandoned mines remain. Currently, there’s no easy, fast or affordable way to measure how much of these toxins are in the air. Siyaa designed two low-cost detectors using chemicals that easily react with uranium or silica by changing color. She trapped these chemicals in a framework made of metal atoms and organic molecules to stabilize them. Her system is an affordable, easy-to-use way to monitor air quality.

Samuel Skotnikov, 17, of Highland Village, Texas, and Chanyoung Kim and Eeshaan Prashanth, both 16, of Flower Mound, Texas, received the $50,000 Gordon E. Moore Award for Positive Outcomes for Future Generations for creating a brain-controlled bionic prosthetic leg. Current robotic limbs are expensive and can make movements feel unnatural. The team started by measuring the walking motion of their classmate, Aiden, with his usual prosthetic leg. They saw that the prosthetic’s stiffness forced the remaining part of his amputated leg to work much harder than his other leg. They designed their prosthetic leg, Neuroflex, to read the wearer’s brain signals through an EEG headband. The signals tell Neuroflex how the wearer wants to move, and Neuroflex uses its motors to support that movement. They also designed an ankle with more realistic joints. When the team tested their prototype on Aiden, it guessed the right movement 98% of the time. Their adaptable model could also relieve some of the cost burden of prosthetic limbs.

“Congratulations to the winners of this year’s Regeneron International Science and Engineering Fair,” said Maya Ajmera, President and CEO of Society for Science and Executive Publisher of Science News. “I am deeply inspired by the creative, passionate and dedicated finalists from around the world who have come together—across borders, cultures and scientific disciplines —in the shared pursuit of science. Adam’s research into antiviral medicines has the potential to change the impact and scale of how people can benefit from such important life-saving treatments. His research gives me great hope for the future of global health and scientific innovation.”

Now in its landmark 75th year, Regeneron ISEF remains the premier global stage for the next generation of scientists and engineers. This milestone year celebrates decades of scientific discovery, boundary-pushing innovation and international collaboration, uniting students from around the world in a powerful exchange of ideas. Through Regeneron ISEF and other STEM programming, Regeneron and the Society are fostering the next generation of STEM leaders who are pioneering solutions to improve our world. Since 2020, Regeneron has provided STEM experiences to over 3.2 million students, surpassing its goal of 2.5 million by 2025.

“Congratulations to this year’s extraordinary Regeneron ISEF finalists and winners,” said George D. Yancopoulos, M.D., Ph.D., co-Founder, Board co-Chair, President and Chief Scientific Officer of Regeneron. “My own high school science project lit a fire in me that changed the course of my life. Today, I see these students carrying that same spark forward by asking bold questions, pushing boundaries and proving that innovative science can take on humanity’s biggest challenges.”

Other top honors from the competition include:

XinYan Chen, 17, of San Gabriel, California, received the $10,000 Craig R. Barrett Award for Innovation for her mobile indoor formaldehyde detector. Formaldehyde is a chemical found in many household goods that can cause disease, including cancer. Other detectors work by either trapping chemicals until they are full, or by breaking them down with expensive materials. XinYan designed a low-cost material that breaks down formaldehyde into carbon dioxide and water. She used the material to build a device that measures and destroys the poison at the same time. Her device lowered the amount of formaldehyde in a closed box by almost 90% in 18 hours. XinYan’s device makes it cheaper and easier to both measure and improve indoor air quality.

Aleksandra Petkova, 18, of Sofia, Bulgaria, received the $10,000 H. Robert Horvitz Prize for Fundamental Research for her research on the relationship between a boat’s speed and the shape of its wake. When a boat travels faster than the waves it makes in the water, it makes a narrower wake. This type of wake creates more drag on the boat, which slows it down. Aleksandra looked at aerial photos of wakes and tested wake angles using a remote-controlled boat and a yacht. She figured out how to use a ship’s size to predict the speed it can travel before it starts leaving a narrow wake. Aleksandra’s ship wake model could help ship operators minimize drag by traveling at the ideal speeds for their ships.

Cory Seelenfreund, 17, of New Rochelle, New York, received the $10,000 Peggy Scripps Award for Science Communication for his study of the relevance of memory in the Prisoner’s Dilemma. Prisoner’s Dilemma is a classic game theory problem where two people accused of a crime decide whether to snitch or stay silent. Cory created computer simulations and mathematical models to test how selfishness and memory affect the game. Memory of just one game often improved results, but players with better memory won in more complex scenarios. He found the best outcomes when players had a variety of self-interested and altruistic behaviors. These findings can help design smarter AI bots and other programs that need to “get along” with humans.

Uma Sthanu, 17, of Austin, Texas, received the $10,000 Mary Sue Coleman Award for Life Science Innovation & Impact for her research on regenerating nerve cells. The neurons making up the human brain are powerful but fragile. Disease and injury can damage neurons and scientists have not yet found a way to regrow them. Uma studied the effects of an important hormone-like compound called PGE2 on damaged brain cells. She used advanced techniques to study how PGE2 treatment affects these broken neurons in the lab. She hopes this work will help researchers find better treatments for brain diseases and traumatic brain injuries.

Pragathi Kasani-Akula, 17, of Cumming, Georgia; Aarushi Pandey, 17, of Conroe, Texas; and Vrishank Chandrasekhar, 18, of San Jose, California, received the Dudley R. Herschbach SIYSS Award, which provides finalists an all-expense paid trip to attend the Stockholm International Youth Science Seminar during Nobel Week in Stockholm, Sweden.

Ethan Yan, 15, of Burlingame, California, and Abigail Qi, 16, of Baton Rouge, Louisiana, received the EU Contest for Young Scientists Award. Their projects will represent Regeneron ISEF at the EU Contest for Young Scientists to be held this September in Riga, Latvia.

For more information about the top winners and access to visual assets visit our media kit: https://www.societyforscience.org/regeneron-isef-2025-media-kit/ 

The full list of Special Award ISEF 2025 Finalists can be found at: https://www.societyforscience.org/press-release/regeneron-isef-2025-special-awards-winners

In addition to the Top Award winners, more than 450 finalists received awards and prizes for their innovative research, including “First Award” winners, who each received a $6,000 prize.

The following lists the First Award winners for each of the 22 categories, from which the Top Awards were chosen:

Animal Sciences, sponsored by Society for Science

Matthew Lo, 16, of Berwyn, Pennsylvania

Behavioral and Social Sciences, sponsored by Society for Science

Ameya Kharade, 16, of Nashua, New HampshireJesse Rumball-Smith, 17, of Wellington, New Zealand

Biochemistry, sponsored by Regeneron

Pragathi Kasani-Akula, 17, of Cumming, Georgia 

Biomedical and Health Sciences, sponsored by Regeneron

Edward Kang, 17, of Upper Saddle River, New JerseyUma Sthanu, 17, of Austin, Texas 

Biomedical Engineering, sponsored by Regeneron

Chanyoung Kim, 16, of Flower Mound, TexasEeshaan Prashanth, 17, of Flower Mound, TexasSamuel Skotnikov, 17, of Highland Village, Texas

Cellular and Molecular Biology, sponsored by Regeneron

Lilly Horowitz, 17, of Jericho, New York

Chemistry, sponsored by Arc Institute

Adam Kovalčík, 19, of Dulovce, Slovakia

Computational Biology and Bioinformatics, sponsored by Regeneron

Arnav Sharma, 15, of Troy, MichiganSamarth Dunakhe, 15, of Chandler, ArizonaAryav Das, 16, of Noblesville, IndianaQianheng Xu, 16, of Millburn, New Jersey

Earth and Environmental Sciences, sponsored by Society for Science

Lakshmi Agrawal, 17, of Bellevue, WashingtonMiriam Haddad, 18, of Saginaw, Michigan

Embedded Systems, sponsored by HP

Maya Trutschl, 17, of Shreveport, Louisiana

Energy: Sustainable Materials and Design, sponsored by Siemens Energy

Oliver Wang, 17, of Falls Church, Virginia

Engineering Technology: Statics and Dynamics, sponsored by Howmet Aerospace Foundation

Benjamin Davis, 16, of Wrentham, Massachusetts

Environmental Engineering, sponsored by Jacobs

Bennett Huang, 16, of Great Falls, VirginiaJason Pan, 16, of Great Falls, VirginiaXinYan Chen, 17, of San Gabriel, California

Materials Science, sponsored by Howmet Aerospace Foundation

Siyaa Poddar, 16, of Chandler, Arizona

Mathematics, sponsored by Akamai Foundation

Cory Seelenfreund, 17, of New Rochelle, New York

Microbiology, sponsored by Schattner Foundation

Abigail Qi, 16, of Baton Rouge, Louisiana

Physics and Astronomy, sponsored by Jane Street

Aiden Kwon, 17, of Rolling Hills Estates, California             Aleksandra Petkova, 18, of Sofia, Bulgaria 

Plant Sciences, sponsored by Society for Science

Aarushi Pandey, 17, of Conroe, Texas

Robotics and Intelligent Machines, sponsored by Liquid AI

Chinmayi Goyal, 17, of Yorktown, New YorkTimothy Wilson, 18, of Pennant Hills, Australia

Systems Software, sponsored by Microsoft

Ram Sivaraman, 17, of Acton, Massachusetts

Technology Enhances the Arts, sponsored by Midjourney

Punnawit Ponnirun, 17, of Chiang Mai, ThailandSataporn Thanapanyakul, 17, of Chiang Mai, ThailandSiwakorn Suwannahong, 17, of Chiang Mai, Thailand

Translational Medical Science, sponsored by Regeneron

Audrey Zheng, 16, of Wexford, PennsylvaniaVrishank Chandrasekhar, 18, of San Jose, California

The full list of all award-winning ISEF 2025 finalists is available here.

View all the finalists’ research here.

About the Regeneron International Science and Engineering Fair

The Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science celebrating 75 years, is the world’s largest global science competition for high school students. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $9 million in awards and scholarships.

In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, Adam R. Scripps Foundation, Akamai Foundation, Aramco, Arc Institute, Gordon and Betty Moore Foundation, Howmet Aerospace Foundation, HP, Insaco, Intel, Jacobs, Jane Street, Liquid AI, Microsoft, Midjourney, Schattner Foundation, Siemens Energy, The Ohio State University, Battelle, Caltech, Cesco, Cisco, COSI, GoFundMe, Jeni’s Splendid Ice Creams, JobsOhio, Johnson Energy Holdings.   Many are entrepreneurs across a wide range of industries. Learn more at https://www.societyforscience.org/isef/.

About Society for Science 

Society for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge, and its STEM Outreach programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).

About Regeneron 

Regeneron (NASDAQ: REGN) is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to numerous approved treatments and product candidates in development, most of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, hematologic conditions, infectious diseases and rare diseases.

Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious disease, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most “community-minded” companies in the U.S. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro-bono and matching gift programs. Our most significant philanthropic commitments are in the area of science education, including the Regeneron Science Talent Search and the Regeneron International Science and Engineering Fair (ISEF). 

For more information, please visit www.Regeneron.com or follow Regeneron on LinkedIn, Instagram, Facebook or X. 

Media Contacts
Joseph Brown, Regeneron
386-283-1323, joseph.brown2@regeneron.com    

Gayle Kansagor, Society for Science
703-489-1131, gkansagor@societyforscience.org   

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SOURCE Society for Science

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Great Place To Work names Invisors on the 2026 Best Workplaces for Women List, Ranking no.65

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July 24, 2026

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Invisors named a UK’s Best Workplaces for Women™!

GLASGOW, Scotland, July 24, 2026 /PRNewswire/ — Invisors, a Workday Services Partner has officially been recognized as one of UK’s Best Workplaces for Women 2026™, in 65th place out of the 350 ranked organisations.

Invisors’ values and culture are among the reasons women at our organisation say it is a great place to work. Discover how the team brings this philosophy to life at invisors.com/company-overview.

The 2026 UK’s Best Workplaces for Women list is made up of employers whose people have told Great Place To Work® UK they work for a place that is inclusive and equitable for all. The 350 companies on the list are committed to ensuring a reasonable balance of women and men across the organisation; removing barriers to women’s career advancement; and creating workplaces where all employees, regardless of gender, can flourish.

“I’m incredibly proud to see Invisors recognized as a Top Place for Women to Work. This award reflects the culture we’ve built together—one that values inclusivity, flexibility and empowerment. It’s a place where people are supported to bring their whole selves to work, grow their careers and strive for excellence every day.” Jennifer Donnelly-Corbett, EMEA Manager, HCM and Absence at Invisors.

Benedict Gautrey, Managing Director of Great Place To Work UK says:

“This year’s UK’s Best Workplaces for Women list celebrates businesses making a genuine difference day to day, not just in what they say, but in how people experience work. What matters most is that this recognition comes directly from women working in these organisations, who tell us they feel supported, valued, and able to grow.

Our research demonstrates that these organisations creating high-trust environments deliver stronger results, whether in financial outcomes, impact, or service delivery, alongside greater agility and resilience in the face of change.

Congratulations to Invisors for creating an environment where inclusion is clearly felt in practice.” 

Matt Smith, Managing Director, Global HR Operations, Invisors “Being named as one of the UK’s Best Workplaces for Women list is an achievement because it reflects what our people actually experience, not just what we aspire to. We’ve worked to build an environment where career growth and success aren’t something women have to fight for — it’s built into how we operate. This recognition is a great step in the journey, not the finish line, and we’re committed to keeping that bar high as Invisors grows within the UK.”

About Invisors

As a certified Workday Services Partner, Invisors helps clients leverage their organisational data to make better-informed business decisions through the deployment of Workday. Invisors’ success is measured by their clients’ ability to achieve their big-picture vision. From initial deployments to ongoing projects, Invisors is dedicated to elevating perspectives and transforming results. To learn more, visit invisors.com. 

About Great Place To Work®

Great Place To Work® is the global authority on workplace culture, helping organisations to create exceptional, high-performing workplaces where employees feel trusted and valued. The UK’s Best Workplaces for Women™ enables these outstanding organisations to celebrate their achievements, build their employer brand, and inspire others to take action. For more information, visit www.greatplacetowork.co.uk.

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Auction Direct USA in Raleigh, NC, Makes It Easy to Shop for Used Vehicles Online

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July 24, 2026

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RALEIGH, N.C., July 24, 2026 /PRNewswire/ — Auction Direct USA in Raleigh, NC, helps shoppers browse used-vehicle inventory, compare options, and complete key steps of the buying process online for a faster, more convenient shopping experience.

Auction Direct USA in Raleigh, NC, is simplifying the used vehicle shopping experience by offering convenient online tools that help drivers browse inventory, compare options, and begin the purchasing process from the comfort of home.

With a user-friendly website, shoppers can explore an extensive selection of used cars, trucks, and SUVs that fit a variety of budgets and lifestyles. Detailed vehicle listings provide important information, including photos, key features, specifications, pricing, and availability, allowing customers to make informed decisions before visiting the dealership.

The online platform also makes it easy to narrow vehicle choices using search filters for make, model, body style, price range, mileage, model year, and other preferences. These features help shoppers quickly find vehicles that meet their individual needs while saving valuable time.

In addition to browsing inventory, customers can use several digital shopping tools to streamline the buying process. Visitors can estimate monthly payments, value a trade-in, complete a finance application, and schedule a test drive online. These resources allow shoppers to prepare for their dealership visit with greater confidence and convenience.

Auction Direct USA in Raleigh, NC, regularly updates its online inventory, giving customers access to fresh vehicle selections as they become available. Whether someone is searching for a dependable commuter car, a family-friendly SUV, or a capable pickup truck, the website provides an efficient way to explore available options before stepping into the showroom.

The dealership remains committed to delivering a straightforward, customer-focused buying experience by combining a wide range of high-quality used vehicles with digital tools that simplify every stage of the shopping journey.

Drivers looking to begin their search can visit Auction Direct USA in Raleigh, NC, or browse the current inventory online to compare vehicles and take advantage of convenient shopping resources before visiting the dealership in person.

About Auction Direct USA in Raleigh, NC

Auction Direct USA in Raleigh, NC, offers a diverse inventory of quality used cars, trucks, and SUVs to meet a wide range of driving needs and budgets. By combining a customer-focused approach with convenient online shopping tools, the dealership helps make finding and purchasing a used vehicle simple, efficient, and enjoyable.

Media Contact: Tony Kicinski, 844-678-8048, tonyk@auctiondirectusa.com

 

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FLAGSTAR BANK, N.A. ANNOUNCES $250 MILLION SHARE REPURCHASE PROGRAM

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July 24, 2026

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Board of Directors Authorizes Repurchase of Up to $250 Million of Outstanding Common Stock, Reflecting the Bank’s Strong Capital Position and Commitment to Long-Term Shareholder Value

HICKSVILLE, N.Y., July 24, 2026 /PRNewswire/ — Flagstar Bank, N.A. (NYSE: FLG) (the “Bank”) today announced that its Board of Directors has authorized a common stock repurchase program under which the Bank may repurchase up to $250 million of its outstanding common stock over the next 12-month period.

Commenting on the repurchase program, Joseph M. Otting, Executive Chairman and Chief Executive Officer stated, “We are pleased to announce our stock buyback program, which reflects the meaningful progress we have made in executing our strategic plan, the strength of the balance sheet, and Flagstar’s long-term growth prospects. We have consistently maintained capital levels well above regulatory requirements, and we believe that returning capital to our shareholders through a share repurchase program represents a compelling and disciplined use of our excess capital at this time.

“We remain deeply committed to serving our customers and communities and we are confident that this program — alongside our continued investment in our people, products, systems, and technology — will deliver sustainable, long-term value for our shareholders.”

Repurchases may be conducted through open-market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. The timing and exact amount of any share repurchases will be subject to a variety of factors, including the availability of stock for repurchases, the Bank’s capital position and financial performance, regulatory considerations, and general market conditions. The share repurchase program does not obligate the Bank to acquire any specific number of shares and may be modified, suspended, or discontinued at any time without prior notice. Any future stock repurchase programs would be subject to the approval of the Board of Directors and other various factors, including the Bank’s liquidity, capital position and financial performance, accounting and regulatory considerations, and general market conditions.

Flagstar Bank, N.A.

Flagstar Bank, N.A. is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At June 30, 2026, the Bank had $87.7 billion of assets, $61.2 billion of loans, deposits of $67.5 billion, and total stockholders’ equity of $8.1 billion. Flagstar Bank, N.A. operates 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.

Cautionary Statements Regarding Forward-Looking Language

This press release may include forward‐looking statements by us and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding, among other things: (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to achieve profitability goals within projected timeframes and to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to execute our capital management strategies, including our ability to complete our current stock repurchase program and to implement future stock repurchase programs; (g) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (h) our ability to achieve our financial and other strategic goals, including those related to our recent holding company reorganization, which was completed in October 2025 (the “Reorganization”), our merger with Flagstar Bancorp, Inc., which was completed in December 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023, and our ability to comply with the heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; (i) the impact of the $1.05 billion capital raise we completed in March 2024; (j) the conversion or exchange of shares of our preferred stock; (k) the payment of dividends on shares of our capital stock, including adjustments to the amount of dividends payable on shares of our preferred stock; (l) the dilution of existing equity holders associated with future equity awards and stock issuances; (m) the effects of the reverse stock split we effected in July 2024; and (n) the impact of the 2024 sale of our mortgage servicing operations, third party mortgage loan origination business, and mortgage warehouse business.

Forward‐looking statements are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “should,” “confident,” and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; we do not assume any duty, and do not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, and our future performance could differ materially from our historical results.

Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; the ability to implement future stock repurchase programs, which are subject to the approval of the Board of Directors and other various factors, including the Bank’s liquidity, capital position, and financial performance, accounting and regulatory considerations, as well as general market conditions; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; our ability to achieve the anticipated benefits of the Reorganization; changes in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; changes relating to rent regulation and housing, including recent legislative action in New York City to freeze rents on certain rent-regulated properties; the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; the outcome of federal, state, and local elections and the resulting economic and other impact on the areas in which we conduct business; the impact of changing political conditions or federal government shutdowns; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; our ability to comply with heightened regulatory standards with respect to governance and risk management programs to which we are subject as a national bank with assets of $50 billion or more; the restructuring of our mortgage business; our ability to achieve anticipated cost savings and enhanced efficiencies with respect to our balance sheet and expense reduction strategies; the impact of failures or disruptions in or breaches of our operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, civil unrest, international military conflict, terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed in December 2022, and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, which was completed in March 2023: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management’s attention from ongoing business operations and opportunities; the possibility that we may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected.

More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K for the year ended December 31, 2025, and in other reports we file with the Office of the Comptroller of the Currency (the “OCC”) and voluntarily file with the Securities and Exchange Commission (the “SEC”), and which are also available on our Investor Relations website. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our securities disclosure filings. All such files are accessible on our website at ir.flagstar.com, on the OCC’s website at www.occ.gov, and on the SEC’s website at www.sec.gov.

Investor Contact:
Salvatore J. DiMartino
(516) 683-4286

Media Contact:
Jessica Torchia
(248) 312-6451

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SOURCE Flagstar Bank, N.A.

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