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.

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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.

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John R. Buran, President and CEO Commentary

Flushing Financial Corporation Reports 4Q22 GAAP EPS of $0.34 and Core EPS of $0.57; Full Year 2022 GAAP EPS of $2.50 and Core EPS of $2.49

UNIONDALE, N.Y., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that Michael J. Russo, a recently retired member of the Board of Directors has passed away. He was 88.

Flushing Financial Announces the Death of Retired Board Member, Michael J. Russo

UNIONDALE, N.Y., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the holding company for Flushing Bank (the “Bank”), announced today that Michael J. Russo, a Board Member, has retired effective January 4, 2023.

Michael J. Russo, Board Member of Flushing Financial Corporation Announces Retirement

UNIONDALE, N.Y., Dec. 20, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced revision to the timing of previously announced release of its fourth quarter and full year 2022 earnings. Financial results will be announced after the market closes on January 26, 2023.

Flushing Financial Corporation Announced Changes for its Fourth Quarter and Full Year 2022 Earnings Call

UNIONDALE, N.Y., Dec. 15, 2022 (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 fourth quarter and full year 2022 earnings after the market closes on January 24, 2023.

Flushing Financial Corporation To Host Fourth Quarter and Full Year 2022 Earnings Call

Flushing Financial is a New York focused bank, running a conservative balance sheet. The average LTV ratio of its real estate portfolio is less than 37%.

Flushing Financial: A 4.4% Dividend Yield And An 8% Discount To Its TBV

UNIONDALE, N.Y., Nov. 22, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that the Board of Directors (the “Board”) declared a quarterly dividend on its common stock of $0.22 per common share, payable on December 23, 2022 to shareholders of record at the close of business on December 9, 2022.

Flushing Financial Corporation Declares Quarterly Dividend of $0.22 per Share

UNIONDALE, N.Y., Nov. 15, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced it has leased a new location at 8616 21st Avenue, Brooklyn, NY. The Bank plans to open this new, full-service branch location in the first half of 2023.

Flushing Bank Leases New Brooklyn Location in Bensonhurst

UNIONDALE, N.Y., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that Kroll Bond Rating Agency (“KBRA”), a full-service rating agency, reaffirmed an investment grade rating for the Company and the Bank. These ratings are based on KBRA's Bank and Bank Holding Company Global Rating Methodology, which evaluates liquidity, asset quality, capital adequacy, and earnings. KBRA maintained the outlook for all long-term ratings as Stable.

Flushing Financial Maintains Its Investment Grade Rating by Kroll Bond Rating Agency, Inc.

Flushing Financial Corporation (NASDAQ:FFIC ) Q3 2022 Earnings Conference Call October 26, 2022 9:30 AM ET Company Participants John Buran - President, Chief Executive Officer and Director Susan Cullen - Senior Executive Vice President, Treasurer and Chief Financial Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Christopher O'Connell - KBW Manuel Navas - D.A. Davidson Operator Welcome to Flushing Financial Corporation's Third Quarter 2022 Earnings Conference Call.

Flushing Financial Corporation (FFIC) Q3 2022 Earnings Call Transcript

Flushing Financial Corporation Reports 3Q22 GAAP EPS of $0.76 and Core EPS of $0.62

UNIONDALE, N.Y., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced it hosted a check presentation of their sponsorship of the Queens Borough President Tech + Innovation Challenge at the Flushing Bank branch located at 89-12 Sutphin Blvd, Jamaica, Queens.

Flushing Bank Presents Sponsorship Check to Queens Borough President Tech + Innovation Challenge

UNIONDALE, N.Y., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced it attended the ribbon cutting ceremony for the Charles B. Wang Health Center in Flushing held on October 12, 2022.

Flushing Bank Attends Ribbon Cutting Ceremony for Charles B. Wang Community Health Center

UNIONDALE, N.Y., Sept. 19, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced it participated in the Port Jefferson Dragon Boat Race Festival on Saturday, September 17. The festival was presented by the Greater Port Jefferson Chamber of Commerce and held at the Harbor of Port Jefferson Village.

Flushing Bank Sponsors Port Jefferson Dragon Boat Race Festival

UNIONDALE, N.Y., Sept. 16, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that John R. Buran, President and Chief Executive Officer and Susan K. Cullen, Senior Executive Vice President, Chief Financial Officer and Treasurer, will present at the Sidoti & Company September Small-Cap Virtual Conference on Wednesday, September 21, 2022. The 30 minute presentation will begin at 1:45 pm (ET) and can be accessed live at:

Flushing Financial Corporation to Present at the Sidoti & Company September Small-Cap Virtual Conference

UNIONDALE, N.Y., Sept. 15, 2022 (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 third quarter 2022 earnings after the market closes on October 25, 2022.

Flushing Financial Corporation To Host Third Quarter 2022 Earnings Call

UNIONDALE, N.Y., Sept. 15, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that the Bank hosted a Harvest Moon reception on September 13 to celebrate the Mid-Autumn Festival at the Four Points Sheraton in Flushing, N.Y. The reception brought together the Bank's management team, board members, customers, and local business and community leaders.

Flushing Bank Hosts Harvest Moon Reception in Flushing, New York

UNIONDALE, N.Y., Sept. 08, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that John R. Buran, President and Chief Executive Officer, and Susan K. Cullen, Chief Financial Officer and Treasurer, will present at the Under the Radar Virtual Bank Conference on September 13, 2022. The live presentation is scheduled for 30 minutes starting at 10:00 am EDT and will be accessible through the conference site (https://virtualbankconference.com/) and the investor relations section of the Company's website (FlushingBank.com). Registration is required and free.

Flushing Financial Corporation to Present at the Under the Radar Virtual Bank Conference on September 13, 2022

UNIONDALE, N.Y., Aug. 24, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that it has completed a $65.0 million offering of its fixed-to-floating rate subordinated notes due 2032 (the “Subordinated Notes”). The Subordinated Notes will have an initial coupon rate of 6.000%. Piper Sandler & Co. acted as Lead Book-Running Manager and Keefe, Bruyette & Woods, A Stifel Company, acted as Joint Book-Running Manager. Holland & Knight LLP acted as legal counsel to the Company and Paul Hastings LLP acted as legal counsel to the underwriters.

Flushing Financial Corporation Announces Closing of $65.0 Million of Fixed-to-Floating Rate Subordinated Notes

Flushing Financial Corporation (NASDAQ: FFIC) (“FFIC” or the “Company”) announced today that its press release issued under the headline “Flushing Financial Corporation Announces Closing of $65.0 Million of Fixed-to-Floating Rate Subordinated Notes” on August 19, 2022, inadvertently referenced the closing of an underwritten public offering of its fixed-to-floating rate subordinated notes due 2032. The corrected headline and press release is set forth in its entirety below.

Correction Notice to Press Release Announcing Flushing Financial Corporation Closed $65.0 Million of Fixed-to-Floating Rate Subordinated Notes

Flushing Financial Corporation (NASDAQ:FFIC ) Q2 2022 Earnings Conference Call July 27, 2022 9:30 AM ET Company Participants John Buran – President and Chief Executive Officer Susan Cullen – Senior Executive Vice President and Chief Financial Officer Conference Call Participants Mark Fitzgibbon – Piper Sandler Chris O'Connell – KBW Manuel Navas – D.A. Davidson Operator Welcome to Flushing Financial Corporation's Second Quarter 2022 Earnings Conference Call.

Flushing Financial Corporation's (FFIC) CEO John Buran on Q2 2022 Results - Earnings Call Transcript

Flushing Financial (FFIC) delivered earnings and revenue surprises of 4.48% and 8.89%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Flushing Financial (FFIC) Q2 Earnings and Revenues Surpass Estimates

Record Loan Closings; Loan Growth with Stable NIM QoQ

Flushing Financial Corporation Reports 2Q22 GAAP EPS of $0.81 and Core EPS of $0.70

UNIONDALE, N.Y., June 15, 2022 (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 2022 earnings after the market closes on July 26, 2022.

Flushing Financial Corporation To Host Second Quarter 2022 Earnings Call

Flushing Financial is a New York-focused bank. The exceptionally strong loan portfolio with a very low LTV ratio makes the loan book appealing and sudden write-offs are unlikely, even if the NY real estate market collapses.

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