First of Long Island

The First of Long Island Corp. is a holding company, through which its subsidiaries, engages in the provision of financial services. It offers personal banking, business banking and lending services to individual, professional, corporate, institutional, and government customers. The company was founded on February 7, 1984 and is headquartered in Glen Head, 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

First of Long Island (FLIC) reports record 2022 performance, eyes challenges in 2023

First of Long Island (FLIC) delivered strong financial results in 2022 but faces challenges in 2023 amid interest rate increases impacting margins. Strategic branch expansions and stock repurchases reflect confidence in growth prospects. Opportunities lie in non-interest income growth and tax optimization for enhanced profitability.

First of Long Island (FLIC) reports Q1 earnings decline amid margin challenges

First of Long Island (FLIC) faces challenges from margin compression and rising interest rates but maintains stability in deposits and a focus on expense control.
The bank's performance in Q1 2023 saw a decrease in net income compared to the previous year, with a continued emphasis on commercial lending.
FLIC's strong capital position and proactive risk management strategies position it well for potential share repurchases and strategic growth opportunities.

First of Long Island (FLIC) reports Q2 growth and strategic focus

First of Long Island Corporation (FLIC) reported growth in assets, loans, and deposits in Q2 2023. Despite challenges like margin decline and efficiency ratio increase, the bank's strong capital position and strategic initiatives position it well for future opportunities.

First of Long Island (FLIC) maintains steady performance amidst changes

FLIC's Q3 performance remained steady with consistent earnings and improved net interest margin, supported by growth in core business metrics.
While facing challenges such as postponed technology upgrades and management changes, FLIC continues to capitalize on strengths like cost-saving initiatives and branch consolidation.
Opportunities lie in the new executive appointments and potential for further operational efficiencies and revenue generation through strategic partnerships.

First of Long Island reports Q4 earnings decline, eyes 2024 growth

FLIC's 2023 performance saw a decline in net income attributed to lower net interest margin.
Despite challenges in Q4 2023, FLIC aims for margin recovery and cost optimization in 2024.
Opportunities lie in improving margins, growing noninterest income, and addressing analyst concerns for future enhancements.

First of Long Island reports Q1 income dip, eyes growth

FLIC's Q1 2024 performance reflected a decline in net income but showcased strong capital position, loan growth, and effective expense management.
While facing challenges such as lower net interest margin and declining gross loans, FLIC has opportunities to leverage its stable deposit base and focus on margin improvement.
Strategic initiatives like share repurchases and dividend declarations demonstrate FLIC's commitment to enhancing shareholder value amidst evolving market conditions.

First of Long Island (FLIC) reports robust Q2 performance

FLIC's Q2 2024 performance showcased strength in financial metrics and strategic focus on commercial lending.
While challenges like shifting loan portfolios exist, opportunities in expanding relationships and optimizing income streams are evident.
Maintaining a strong capital position and managing expenses will be crucial for sustained growth.
Strategic use of excess cash and a focus on key financial ratios position FLIC well for future opportunities.

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The First of Long Island Corp. is a holding company, through which its subsidiaries, engages in the provision of financial services. It offers personal banking, business banking and lending services to individual, professional, corporate, institutional, and government customers. The company was founded on February 7, 1984 and is headquartered in Melville, NY.

MELVILLE, N.Y., Dec. 20, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a fourth quarter cash dividend in the amount of $.21 per share. The dividend will be paid on January 9, 2025 to shareholders of record on December 31, 2024.

The First of Long Island Corporation Announces Fourth Quarter Cash Dividend of $.21 per Share

The First of Long Island Corporation is a regional bank with a strong Q3 2024 performance, despite slight revenue dips and competitive deposit markets. Margins are improving, loan demand is stable, and asset quality remains strong, supporting our buy recommendation at current levels. The stock offers a 6.7% yield and trades at a discount-to-book value, with book value per share at $17.25 versus $12.70.

First of Long Island Corporation: Q3 Earnings Merit A Buy

MELVILLE, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC, the “Company” or the “Corporation”), the parent of The First National Bank of Long Island (the “Bank”), reported earnings for the three and nine months ended September 30, 2024.

The First of Long Island Corporation Reports Earnings for the Third Quarter of 2024

MELVILLE, N.Y., Oct. 01, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a third quarter cash dividend in the amount of $.21 per share. The dividend will be paid on October 21, 2024 to shareholders of record on October 11, 2024.

The First of Long Island Corporation Announces Third Quarter Cash Dividend of $.21 per Share

MILWAUKEE , Sept. 17, 2024 /PRNewswire/ -- Ademi LLP is investigating First of Long Island (Nasdaq: FLIC) for possible breaches of fiduciary duty and other violations of law in its transaction with ConnectOne.

Shareholder Alert: Ademi LLP investigates whether The First of Long Island Corporation has obtained a Fair Price for its Public Shareholders

Evans Bancorp

NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FLIC and EVBN on Behalf of Shareholders

NEW YORK , Sept. 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.

FLIC INVESTIGATION: The M&A Class Action Firm Investigates the Merger of First of Long Island Corp. - FLIC

ConnectOne Bancorp

CNOB is set to acquire FLIC for $284 million in an all-stock deal to expand its presence in Long Island. It is set to be 36% accretive to 2025 earnings.

ConnectOne Bancorp to Acquire The First of Long Island for $284M

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The First of Long Island Corporation (NasdaqCM: FLIC) to ConnectOne Bancorp, Inc. (NasdaqGS: CNOB). Under the terms of the proposed transaction, shareholders of FLIC will receive 0.5175 shares of ConnectOne for each share of FLIC that they own. KSF is seeking to determine whether this consideration and the pro.

FIRST OF LONG ISLAND INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The First of Long Island Corporation - FLIC

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of The First of Long Island Corporation (NASDAQ: FLIC) to ConnectOne Bancorp, Inc. for 0.5175 shares of ConnectOne common stock for each share of Long Island common stock is fair to Long Island shareholders. Halper Sadeh encourages Long Island shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@.

FLIC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of the First of Long Island Corporation Is Fair to Shareholders

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The First of Long Island (FLIC) 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.

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After losing some value lately, a hammer chart pattern has been formed for The First of Long Island (FLIC), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why The First of Long Island (FLIC) Looks Ripe for Bottom Fishing

The First of Long Island Corporation (NASDAQ:FLIC ) Q2 2024 Earnings Conference Call July 26, 2024 2:00 PM ET Company Participants Chris Becker - President and Chief Executive Officer Janet Verneuille - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Chris O'Connell - KBW Operator Welcome to The First of Long Island Corporation's Second Quarter 2024 Earnings Conference Call. On the call today are Chris Becker, President and Chief Executive Officer; and Janet Verneuille, Senior Executive Vice President and Chief Financial Officer.

The First of Long Island Corporation (FLIC) Q2 2024 Earnings Call Transcript

The First of Long Island (FLIC) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.31 per share a year ago.

The First of Long Island (FLIC) Tops Q2 Earnings and Revenue Estimates

MELVILLE, N.Y., July 25, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC, the “Company” or the “Corporation”), the parent of The First National Bank of Long Island (the “Bank”), reported earnings for the three and six months ended June 30, 2024.

The First of Long Island Corporation Reports Earnings for the Second Quarter of 2024

The First of Long Island (FLIC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

The First of Long Island (FLIC) Surges 6.5%: Is This an Indication of Further Gains?

MELVILLE, N.Y., July 10, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) will host an earnings conference call on July 26, 2024 at 2:00 pm Eastern time to discuss second quarter results. Financial results will be released after the market closes on July 25, 2024.

The First of Long Island Corporation Announces Second Quarter Earnings Conference Call

The First of Long Island (FLIC) has faced significant challenges due to the rapid rise in the Fed Funds Rate, leading to a sharp drop in stock price. Despite the decline in profitability and stagnant TBV per share, FLIC remains solid with historic low valuation multiples and a high dividend yield of 8.58%. Management expects a bottom in the net interest margin and potential growth with a reduction in the Fed Funds Rate, making FLIC a buy at its current price below $10 per share.

News for First of Long Island Stock (FLIC)