Flushing Financial

Flushing Financial Corp. operates as a bank holding company, which provides banking and financial services. Its principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, primarily in originations and purchases of multi-family residential properties, commercial business loans, commercial real estate mortgage loans, construction loans, small business administration loans and other small business loans, mortgage loans, U.S. government securities, corporate fixed-income securities and other marketable securities. The company was founded on May 9, 1994 and is headquartered in Uniondale, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Flushing Financial reports robust earnings amidst Fed challenges and growth opportunities

Flushing Financial's Q4 2022 earnings call highlighted strong financial performance, strategic focus on credit quality and liquidity, and challenges from Fed actions impacting margins. The company's emphasis on digital growth, new branch leases, and maintaining investment-grade ratings underscore its resilience and long-term vision.

Flushing Financial faces NIM challenges but focuses on growth strategies

Flushing Financial's Q1 2023 performance reflects challenges in NIM compression and credit charge-offs, with a focus on risk-adjusted returns and expense control.
Despite industry headwinds, the company maintains strengths in liquidity, credit quality, and digital innovation, positioning for long-term success.
Navigating challenges in loan growth and expenses, Flushing Financial seeks opportunities in digital engagement, client expansion, and strategic financial management.

Flushing Financial reports steady Q2 earnings amidst economic caution

Flushing Financial (FFIC) demonstrated steady earnings and growth in deposits, with a focus on risk-adjusted returns and expense controls.
The company's conservative underwriting approach led to a decrease in non-performing assets, despite modest loan growth.
While facing margin compression concerns, FFIC remains cautious about the economic environment but continues dividend payments.
Analysts' questions highlighted areas of scrutiny and potential challenges, but the company's actions show resilience and growth potential.

Flushing Financial reports stable Q3 earnings amidst market uncertainties

Flushing Financial (FFIC) demonstrates solid financial performance with a focus on risk management, liquidity, and customer engagement.
The company's strategic actions and strong real estate portfolio underscore resilience and stability in a challenging market environment.
While facing uncertainties, Flushing Financial aims to maintain profitability, navigate interest rate dynamics, and capitalize on growth opportunities in Asian markets.

Flushing Financial reports solid Q4 earnings amidst NIM opportunities

Flushing Financial's Q4 2023 performance showcased solid earnings and prudent financial management strategies. The company's strengths in low-risk assets and liquidity position provide a stable foundation for growth.
While facing challenges such as NIM pressure and margin compression, Flushing Financial has opportunities to deepen customer relationships, enhance digital banking offerings, and navigate interest rate dynamics effectively.
Overall, Flushing Financial's focus on stability, risk management, and customer-centric initiatives positions it well to address challenges and capitalize on growth opportunities in the evolving financial landscape.

Flushing Financial reports Q1 resilience amidst challenges and growth opportunities

Flushing Financial navigated challenges in Q1 2024 with resilience, focusing on maintaining credit quality, improving capital position, and enhancing profitability. Despite competitive pressures and weak loan demand, the company remains optimistic about NIM expansion, stable loan balances, and controlled expense growth for the year.

Flushing Financial reports solid Q2 earnings, eyes NIM improvement

Flushing Financial's Q2 performance reflects a focus on growth, risk management, and expense control. Despite challenges in NIM compression and regulatory discussions, the company is well-positioned to capitalize on opportunities for improvement and adapt to market changes.

Flushing Financial excels in Q3, eyes Asian market growth

Flushing Financial delivered strong financial performance with notable improvements in EPS and net interest margin.
While facing expense growth challenges, the company's solid credit metrics and deposit growth position it well for the future.
Strategic focus on Asian markets, community involvement, and capital stability offer avenues for growth and customer loyalty.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Flushing Financial (FFIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Flushing Financial (FFIC) Q2 Earnings Expected to Decline

UNIONDALE, N.Y., July 17, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that it has acquired a commercial real estate lending team from the former Signature Bank.

Flushing Bank Announces Acquisition of Former Signature Bank Team

GAMCO Investors Inc

Fintel reports that Gamco Investors, Inc.

Gamco Investors, Inc. Et Al Now Owns 3.91% of Flushing Financial (FFIC)

UNIONDALE, N.Y., June 12, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that it will release its second quarter 2023 earnings after the market closes on July 25, 2023.

Flushing Financial Corporation To Host Second Quarter 2023 Earnings Call

UNIONDALE, N.Y., June 07, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that the Bank hosted a ribbon-cutting ceremony at its new branch located at 160 Adams Avenue, Hauppauge, NY. The event was well attended by local community and business leaders from within and around the industrial park.

Flushing Bank Hosts Ribbon-Cutting Ceremony at New Branch in the Long Island Innovation Park at Hauppauge

UNIONDALE, N.Y., May 31, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced that the Board of Directors (the “Board”) has authorized an increase in the purchase of its common stock by 1,000,000 shares. Stock can be purchased from time to time, in the open market or through private transactions, subject to market conditions. There is no expiration or maximum dollar amount under this authorization. From April 1, 2023, through May 25, 2023, the Company repurchased 270,338 shares at an average price of $11.47 and has 164,608 shares remaining under its previous authorization. The combined remaining authorization is 1.2 million shares.

Flushing Financial Corporation Announces 1 Million Increase in Share Repurchase Authorization

UNIONDALE, N.Y., May 26, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today the bank is donating to Mission United, a special fund of United Way of Long Island.

Flushing Bank Donates to United Way of Long Island's Mission United

UNIONDALE, N.Y., May 26, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today the bank held a clothing drive to collect prom attire and volunteer at the 12th Annual Free Prom Attire Give Away hosted by the Brooklyn Cinderella project.

Flushing Bank Donates to the Brooklyn Cinderella Project 12th Annual Free Prom Attire Give Away

UNIONDALE, N.Y., May 25, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that the bank was a sponsor and exhibitor at the HIA-LI 35th Annual Trade Show & Conference. The event was held in the Suffolk Credit Union Arena at Suffolk County Community College.

Flushing Bank a Sponsor of HIA-LI 35th Annual Trade Show & Conference

UNIONDALE, N.Y., May 25, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that Maria A. Grasso, Chief Operating Officer at Flushing Bank, was inducted into the Sachem Hall of Honor.

Maria A. Grasso, Chief Operating Officer at Flushing Bank, Inducted into the Sachem Hall of Honor

UNIONDALE, N.Y., May 25, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced that on May 16, 2023, it held its annual shareholder meeting, in a virtual-only format. At the meeting, by overwhelming majorities all of the Company's nominees were elected and the shareholders ratified the selection of BDO USA, LLP as Flushing Financial's independent registered public accounting firm for the year ending December 31, 2023. In addition, the shareholders supported, also overwhelmingly, the board-sponsored proposals to approve, on an advisory basis, the compensation of the Company's named executive officers and the one-year frequency of future advisory votes to approve the compensation of the Company's executive officers.

Flushing Financial Reports Annual Shareholder Meeting Results

Flushing Financial Corporation's balance sheet and access to liquidity look great, but the net interest margin continues to decrease. This will put pressure on the net earnings.

Flushing Financial: 'Buy' Based On Balance Sheet, But Earnings Could Disappoint

Flushing Financial Corporation (FFIC) Q1 2023 Earnings Call Transcript.

Flushing Financial Corporation (FFIC) Q1 2023 Earnings Call Transcript

Flushing Financial (FFIC) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.61 per share a year ago.

Flushing Financial (FFIC) Q1 Earnings and Revenues Lag Estimates

John R. Buran, President and CEO Commentary “The inverted yield curve and the rising rate environment led to first quarter results below our expectations. To better adapt to the changing environment, we are accelerating the following actions to enhance the resilience of our business model and strengthen performance: 1) move more towards being interest rate neutral in the shorter term; 2) increase our focus on risk adjusted returns and profitability; 3) emphasize our brand of customer service and deep relationships to continue to expand the client base and enhance loyalty; 4) further tighten expense controls; 5) review new and existing lending relationships to prepare for the next credit cycle; and 6) preserve our strong liquidity and capital.

Flushing Financial Corporation Reports 1Q23 GAAP EPS of $0.17 and Core EPS of $0.10; Deposits Increase Sequentially and Year-Over-Year; Liquidity Remains Strong Outlines Action Plan to Enhance Business Model Resilience and Drive Profitability in Current E

UNIONDALE, N.Y., April 24, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that Michael Bingold, Senior Executive Vice President at Flushing Bank, received the Community Achievement Award at the recent RotaCare 2023 Caregivers' Ball.

Michael Bingold, Senior Executive Vice President at Flushing Bank, Receives Community Achievement Award at RotaCare's 2023 Caregivers' Ball

UNIONDALE, N.Y., April 19, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced that the bank participated in the Queens Tech + Innovation Challenge Finalist Announcement held on March 29.

Flushing Bank participated in the Queens Tech + Innovation Challenge Finalist Announcement

Analysts Estimate Flushing Financial (FFIC) to Report a Decline in Earnings: What to Look Out for

UNIONDALE, N.Y., March 31, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that the Bank has opened a new branch located at 160 Adams Street, Hauppauge, NY.

Flushing Bank Opens a New Branch in the Long Island Innovation Park at Hauppauge

Dime Community Bank

M&T Bank

National Bankshares

Simmons First National Corporation

A new year comes with new challenges. On top of the existing uncertainty related to inflation, interest rates and geopolitical turmoil, the recent collapse of SVB Financial Group's ( SIVBQ , Financial) Silicon Valley Bank and Signature Bank ( SBNY , Financial) have caused many investors to seek some stability within their portfolios.

5 Historically High-Yielding Bank Stocks Gurus Like

UNIONDALE, N.Y., March 22, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that it will release its first quarter 2023 earnings after the market closes on April 25, 2023.

Flushing Financial Corporation To Host First Quarter 2023 Earnings Call

PacWest Bancorp

Charles Schwab

SoFi Technologies

Bankwell Financial Group

First Foundation

Farmers National Banc Corp.

MVB Financial

Insiders of bank stocks have absolutely taken advantage of the recent volatility in the industry following the downfall of SVB Financial Group (NASDAQ: SIVB ) subsidiary Silicon Valley Bank. The collapse of the bank marked the second-largest of its kind in U.S. history and the largest since Washington Mutual in 2008.

Insiders Are Doubling Down on These 8 Bank Stocks

UNIONDALE, N.Y., March 16, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), attended the Manhattan Neighborhood Network Ribbon Cutting on March 15, 2023. This event marks the completion of the new office space located at 509 West 38th Street. Members of the bank's management team along with City Council Members Shaun Abreu and Erik Bottcher, Manhattan Borough President Mark Levine and the Honorable Mayor Eric Adams, were joined by representatives from the NYC Economic Development Corporation ("NYCEDC") and Build NYC Resource Corporation (Build NYC) to celebrate the occasion.

Flushing Bank attends Manhattan Neighborhood Network (MNN) Ribbon Cutting

Flushing Financial Corporation (NASDAQ:FFIC ) Q4 2022 Earnings Conference Call January 27, 2022 9:30 AM ET Company Participants John Buran - President & Chief Executive Officer Susan Cullen - Senior Executive Vice President, Chief Financial Officer & Treasurer Conference Call Participants Christopher O'Connell - KBW Manuel Navas - D.A. Davidson Operator Welcome to Flushing Financial Corporation's Fourth Quarter and Full Year 2022 Earnings Conference Call.

Flushing Financial Corporation (FFIC) Q4 2022 Earnings Call Transcript

Flushing Financial (FFIC) delivered earnings and revenue surprises of 7.55% and 23.31%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Flushing Financial Stock (FFIC)