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

UNIONDALE, N.Y., Dec. 08, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced a partnership with The Lonely Entrepreneur (TLE), a New York-based non-profit, to provide minority entrepreneurs with one-year free access to The Lonely Entrepreneur Learning Community – a one-stop-shop platform that provides entrepreneurs with the knowledge, tools, and ongoing support they need to start or grow a business.

Flushing Bank Partners with The Lonely Entrepreneur to Offer Free Entrepreneur Learning to Minority Business Owners

Flushing Financial (FFIC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Flushing Financial (FFIC) Rating Upgrade to Strong Buy

UNIONDALE, N.Y., Nov. 23, 2021 (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 $0.21 per common share, payable on December 31, 2021 to shareholders of record at the close of business on December 10, 2021.

Flushing Financial Corporation Declares Its Quarterly Dividend of $0.21 Per Share

UNIONDALE, N.Y., Nov. 22, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that it has completed a $125.0 million offering of its fixed-to-floating rate subordinated notes due 2031 (the “Subordinated Notes”). The Subordinated Notes will have an initial coupon rate of 3.125%. Piper Sandler & Co. acted as Lead Bookrunning Manager with D.A. Davidson & Co. and RBC Capital Markets, LLC acting as Co-Managers for the offering. Holland & Knight LLP acted as legal counsel to the Company and Covington & Burling LLP acted as legal counsel to the underwriters.

Flushing Financial Corporation Announces Closing of $125.0 Million of Fixed-To-Floating Rate Subordinated Notes

UNIONDALE, N.Y., Nov. 18, 2021 (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 CEO, has been re-elected chairman of the Federal Home Loan Bank of New York (FHLBNY) for a two-year term that will commence on January 1, 2022.

John R. Buran, President and CEO of Flushing Bank, Re-elected Chairman of Federal Home Loan Bank of New York

UNIONDALE, N.Y., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (NASDAQ: FFIC) (“FFIC” or the “Company”), the holding company for Flushing Bank (the “Bank”), today announced that it has priced an underwritten public offering of $125 million aggregate principal amount of its fixed-to-floating rate subordinated notes due 2031 (the “Notes”). The Notes will initially bear a fixed interest rate of 3.125% per year. Commencing on December 1, 2026, the interest rate on the Notes resets quarterly to the three-month SOFR rate plus a spread of 203.5 basis points, payable quarterly in arrears. The offering is expected to close on November 22, 2021, subject to the satisfaction of customary closing conditions. FFIC plans to use the net proceeds from the Notes offering for general corporate purposes, which include repayment of the outstanding principal amount of its outstanding subordinated notes and subordinated debentures

Flushing Financial Corporation Announces Pricing of $125 Million Subordinated Debt Offering

UNIONDALE, N.Y., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced that John R. Buran, President and Chief Executive Officer of Flushing Bank, participated in a panel discussion on the Future of Commercial Real Estate as part of the 2021 Federal Reserve/CSBS/FDIC Community Banking in the 21 st Century conference, held on September 29, 2021. A podcast of the panel discussion is now available via this link.

John R. Buran Participates in Panel Discussion on Future of Commercial Real Estate for FDIC Podcast

UNIONDALE, N.Y., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced that Maria A. Grasso, Chief Operating Officer of Flushing Bank, has been inducted into the Long Island Business Hall of Fame. The induction ceremony was held at the Crest Hollow Country Club on November 9, 2021.

Maria A. Grasso Inducted into the Long Island Hall of Fame

UNIONDALE, N.Y., Nov. 08, 2021 (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 Bank Maintains Its Investment Grade Rating by Kroll Bond Rating Agency, Inc.

UNIONDALE, N.Y., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced that John R. Buran, President and Chief Executive Officer of Flushing Bank, has been recognized by Long Island Business News as one of the Most Powerful in Banking and Finance.

John R. Buran Recognized by Long Island Business News (LIBN) 2021 Most Powerful in Banking and Finance

Flushing Financial Corporation (FFIC) CEO John Buran on Q3 2021 Results - Earnings Call Transcript

Flushing Financial (FFIC) delivered earnings and revenue surprises of 35.38% and 3.60%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Flushing Financial (FFIC) Q3 Earnings and Revenues Top Estimates

Flushing Financial (NASDAQ:FFIC) reported its Q3 earnings results on Tuesday, October 26, 2021 at 05:00 PM. Here's what investors need to know about the announcement.

Recap: Flushing Financial Q3 Earnings

Record Net Interest Income, Loan Pipeline, and Core EPS Record Net Interest Income, Loan Pipeline, and Core EPS

Flushing Financial Corporation Reports 3Q21 GAAP EPS of $0.81 and Record Core EPS of $0.88

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.

Flushing Financial (FFIC) Earnings Expected to Grow: Should You Buy?

UNIONDALE, N.Y., Oct. 04, 2021 (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 2021 earnings after the market closes on Tuesday, October 26, 2021.

Flushing Financial Corporation to Host Third Quarter 2021 Earnings Call

UNIONDALE, New York, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced that its online banking division iGObanking ® , ranked highly in multiple categories by MoneyRates and was among the top banks for offering the highest rates in savings account and 1-year CD categories.

iGObanking® Wins Multiple Awards in MoneyRates' America's Best Rates 2021 Honors

Modest loan growth likely supports core revenue at current levels. Slight margin compression trends are not a major detracting factor to core profitability.

Flushing Financial: Good Growth At An Appealing Valuation

UNIONDALE, N.Y., Aug. 17, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced that the Bank has leased a new Elmhurst location, at 85-15 Queens Boulevard, Elmhurst, NY. This new full-service location is anticipated to open in the fall of 2021.

Flushing Bank Leases New Elmhurst Branch Location

UNIONDALE, N.Y., Aug. 17, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that it attended the ribbon cutting ceremony celebrating the opening of the new South Asian Council for Social Services (SACSS) Community Center, located at 143-06 45th Avenue, Flushing, NY.

Flushing Bank Attends Ribbon Cutting Celebration at South Asian Council for Social Services (SACSS) Community Center

UNIONDALE, N.Y., Aug. 10, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that it celebrated their sponsorship of the Annual India Day Parade, held this past Sunday in Hicksville, NY.

Flushing Bank Celebrates Sponsorship of India Day Parade in Hicksville, NY

UNIONDALE, N.Y., Aug. 10, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that it celebrated its sponsorship of the Annual Hong Kong Dragon Boat Festival of New York held this past Saturday in Flushing Meadows Corona Park.

Flushing Bank Celebrates Sponsorship of Hong Kong Dragon Boat Festival of New York

Flushing Financial Corporation (FFIC) CEO John Buran on Q2 2021 Results - Earnings Call Transcript

Flushing Financial (FFIC) delivered earnings and revenue surprises of 7.35% and -11.03%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Flushing Financial (FFIC) Q2 Earnings Surpass Estimates

UNIONDALE, N.Y., July 27, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (NASDAQ-GS: FFIC)

Flushing Financial Corporation Reports 2Q21 GAAP EPS of $0.61 and Record Core EPS of $0.73; Board of Directors Increases Share Repurchase Authorization

News for Flushing Financial Stock (FFIC)