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 2024

FLIC reports $6.5M net income for Q1 2023 amidst interest rate challenges

FLIC's Q1 2023 performance reflects the impact of challenging interest rate dynamics on net interest income and margin. However, the bank's proactive balance sheet repositioning and focus on maintaining strong asset quality demonstrate a commitment to long-term resilience and success.

FLIC reports $6.9M net income in Q2 2023, faces interest income challenges

FLIC's Q2 2023 performance showed growth in assets, loans, and deposits, with a strong deposit franchise and zero nonaccruals. However, challenges were seen in the decline in net interest income and nonrepurchase of shares. Opportunities lie in anticipated cash inflows and a healthy loan pipeline.

FLIC reports consistent Q3 earnings, focuses on cost savings

FLIC's Q3 performance reflects consistency in net income and earnings per share, with a focus on expense management and a strong capital position. Challenges include a decrease in net interest margin and relatively high efficiency ratio. However, opportunities exist in expense management initiatives and the new co-marketing referral agreement with Rocket Mortgage.

FLIC reports decline in net income for 2023, projects recovery

FLIC's 2023 performance saw a decline in net income attributed to a drop in net interest margin, while noninterest expenses decreased. The bank's outlook for 2024 includes a projected net interest margin recovery and positive expectations for loan growth, dividend continuity, and buyback triggers.

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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., June 30, 2023 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a second quarter cash dividend in the amount of $.21 per share. This represents a 5.0% increase over the dividend of $.20 per share declared in the same quarter last year. The dividend will be paid on July 20, 2023 to shareholders of record on July 12, 2023.

The First of Long Island Corporation Announces Second Quarter Cash Dividend of $.21 Per Share

MELVILLE, N.Y., June 23, 2023 (GLOBE NEWSWIRE) -- The First National Bank of Long Island, the subsidiary of The First of Long Island Corporation (Nasdaq: FLIC), celebrated the grand opening of three new Branch relocations in Bohemia, Hauppauge and Port Jefferson with a day of ribbon cutting ceremonies on June 15, bringing together community members and business customers to mark the occasion.

The First National Bank of Long Island Cuts Ribbon at Three New Branch Locations

First of Long Island is going through a downturn, as multi-year high interest rates have compressed the net interest margin of the bank. However, FLIC is likely to begin to recover next year, as the interest rate hike cycle has approached its end. FLIC stock is trading at a markedly low price-to-earnings ratio and is offering a nearly 10-year high dividend yield of 6.9%.

The First of Long Island Is Offering A Nearly 10-Year High Dividend Yield Of 6.9%

MELVILLE, N.Y., May 22, 2023 (GLOBE NEWSWIRE) -- The First National Bank of Long Island, the subsidiary of The First of Long Island Corporation (Nasdaq: FLIC), announced today that Carolina Melo joined the Bank as Vice President and Branch Manager. Ms. Melo, most recently a Senior Client Officer at Signature Bank, will join the Rockville Centre team supporting Vice President and Market Manager Tracey Capobianco, another recent 1N hire from Signature Bank. Together they will lead business development efforts in Rockville Centre.

The First National Bank of Long Island Names New Team Member in Rockville Centre

MELVILLE, N.Y., May 12, 2023 (GLOBE NEWSWIRE) -- The First National Bank of Long Island, the subsidiary of The First of Long Island Corporation (Nasdaq: FLIC), announced today that Kenneth Ruland has been promoted to Senior Vice President and Middle Market Team Leader. Ken joined the Bank in 2019 as a Middle Market Relationship Manager. In his new role, Ken contributes to middle-market business development, engaging a team to identify, understand and prioritize clients' financial needs.

The First National Bank of Long Island Names New Senior Vice President and Middle Market Team Leader

MELVILLE, N.Y., May 08, 2023 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island, announced today that Tracey Capobianco joined the Bank as Vice President and Branch Market Manager. Ms. Capobianco, most recently a Group Director at Signature Bank, will lead the business development efforts of our team based in Rockville Centre.

The First of Long Island Corporation Names a New Vice President and Market Manager for Its Banking Subsidiary

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The First of Long Island Corporation (NASDAQ:FLIC ) Q1 2023 Results Conference Call April 28, 2023 2:00 PM ET Company Participants Chris Becker - President and Chief Executive Officer Jay McConie - Chief Financial Officer Conference Call Participants Alex Twerdahl - Piper Sandler Chris O'Connell - KBW Operator Welcome to the First of Long Island Corporation's First Quarter 2023 Earnings Conference Call. On the call today are Chris Becker, President and Chief Executive Officer and Jay McConie, Chief Financial Officer.

The First of Long Island Corporation (FLIC) Q1 2023 Earnings Call Transcript

The First of Long Island (FLIC) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.52 per share a year ago.

The First of Long Island (FLIC) Q1 Earnings and Revenues Miss Estimates

MELVILLE, N.Y., April 27, 2023 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island, reported results for the three months ended March 31, 2023.

The First of Long Island Corporation Reports Earnings for the First Quarter Of 2023

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The First of Long Island is a small regional lender with $4.3 billion in assets. It may see NIM compression in the coming quarters as the regional banking crisis has shown a light on how low its deposit rates are relative to their risks.

The First of Long Island: Analyzing Regional Bank In Light Of SVB Financial Group

First National Bank of Long Island is a long-tenured regional bank catering exclusively to New York State. It has maintained a quality set of risk metrics and increased its ROE above the sector median in the last year.

The First of Long Island: Quality Regional Bank Trading Cheaply

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Dividend Champion, Contender, And Challenger Highlights: Week Of March 19

MELVILLE, N.Y., March 03, 2023 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a first quarter cash dividend in the amount of $.21 per share. This represents a 5.0% increase over the dividend of $.20 per share declared in the same quarter last year. The dividend will be paid on March 24, 2023 to shareholders of record on March 16, 2023.

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

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The First of Long Island Corporation (NASDAQ:FLIC ) Q4 2022 Earnings Conference Call January 27, 2023 2:00 PM ET Company Participants Chris Becker - President and Chief Executive Officer Jay McConie - Chief Financial Officer Conference Call Participants Alex Twerdahl – Piper Sandler Chris O'Connell - KBW Operator Welcome to the First of Long Island Corporation's Fourth Quarter 2022 Earnings Conference Call. On the call today are Chris Becker, President and Chief Executive Officer; Jay McConie, Chief Financial Officer; and Bill Aprigliano, Chief Accounting Officer.

The First of Long Island Corporation (FLIC) Q4 2022 Earnings Call Transcript

The First of Long Island (FLIC) delivered earnings and revenue surprises of -10.20% and 2.31%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

The First of Long Island (FLIC) Misses Q4 Earnings and Revenue Estimates

MELVILLE, N.Y., Jan. 26, 2023 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island, reported net income and earnings per share for the quarter and year ended December 31, 2022. In the highlights that follow, all comparisons are to the prior year or quarter unless otherwise indicated.

The First of Long Island Corporation Reports Record Earnings for the Year Ended December 31, 2022

MELVILLE, N.Y., Jan. 11, 2023 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) will host an earnings conference call on January 27, 2023 at 2:00 pm Eastern time to discuss fourth quarter results. Financial results will be released before the market opens on January 26, 2023.

The First Of Long Island Corporation Announces Fourth Quarter Earnings Conference Call

First of Long Island is a local bank that's been around for a long time and has demonstrated strong growth over the years. It's seeing robust net interest income growth and has a solid dividend track record.

First Of Long Island: Above Average Bank At A Below Average Price

Demonstrates Responsiveness to Investor Input and Commitment to Increasing Shareholder Value Demonstrates Responsiveness to Investor Input and Commitment to Increasing Shareholder Value

The First of Long Island Corporation Announces Additional Board Refreshment as Part of Ongoing Commitment to Strong Corporate Governance

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