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.

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Earnings data Q3 2023

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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.

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Dividend aristocrats are highly stable and well-run blue-chip companies that raise their dividends every year for 25-plus consecutive years. However, no stock is a risk-free bond alternative. Even aristocrats can cut their dividends and experience significant losses. Over the last 50 years, dividend cutters suffered 91% inflation-adjusted losses.

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The First of Long Island Corporation (NASDAQ:FLIC ) Q1 2024 Earnings Call Transcript April 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 Alex Twerdahl - Piper Sandler Chris O'Connell - KBW Operator Welcome to The First of Long Island Corporation's First 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) Q1 2024 Earnings Call Transcript

The First of Long Island (FLIC) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.29 per share a year ago.

The First of Long Island (FLIC) Lags Q1 Earnings and Revenue Estimates

MELVILLE, N.Y., April 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 net income and earnings per share for the three months ended March 31, 2024.

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

Melville, NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) will host an earnings conference call on April 26, 2024 at 2:00 pm Eastern time to discuss first quarter results. Financial results will be released after the market closes on April 25, 2024.

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

The First of Long Island is a bank holding company that primarily focuses on commercial customers and mortgage loans. Given the uncertainty of the market it operates in, it's understandable that investors would want to distance themselves from such regional banks. However, the current discount is not justified after taking a closer look and value investors may be interested in the offer the market has made here.

First of Long Island: Solid Assets At A Discount

MELVILLE, N.Y., March 07, 2024 (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.

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

The First of Long Island Corporation (FLIC) Q4 2023 Earnings Call Transcript

The First of Long Island (FLIC) came out with quarterly earnings of $0.27 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.44 per share a year ago.

The First of Long Island (FLIC) Matches Q4 Earnings Estimates

MELVILLE, N.Y., Jan. 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 net income and earnings per share for the quarter and year ended December 31, 2023.

The First Of Long Island Corporation Reports Earnings For The Year Ended December 31, 2023

MELVILLE, N.Y., Jan. 03, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) will host an earnings conference call on January 26, 2024 at 2:00 pm Eastern time to discuss fourth quarter results.

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

MELVILLE, N.Y., Dec. 15, 2023 (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 First of Long Island Corporation Announces Fourth Quarter Cash Dividend of $.21 Per Share

The First of Long Island (FLIC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

The First of Long Island (FLIC) Soars 6.3%: Is Further Upside Left in the Stock?

The First of Long Island Corporation has lost about 50% of its value since the Fed began raising rates. The bank has seen a decline in deposits and profitability, with net interest margin and net interest income both decreasing. FLIC's future prospects lie in the commercial segment, as demand for residential mortgages and refinancing activity is dropping. However, the cost of funds is expected to remain stable.

The First of Long Island Stock: The Bottom May Have Been Reached

The First of Long Island Corporation (NASDAQ:FLIC ) Q3 2023 Earnings Conference Call October 27, 2023 2:00 AM ET Company Participants Chris Becker - President and CEO Jay McConie - CFO Janet Verneuille - CRO Conference Call Participants Alex Twerdahl - Piper Sandler Chris O'Connell - KBW Operator Welcome to The First of Long Island Corporation Third Quarter 2023 Earnings Conference Call. On the call today are Chris Becker, President and Chief Executive Officer; Jay McConie, Chief Financial Officer; and Janet Verneuille, Chief Risk Officer.

The First of Long Island Corporation (FLIC) Q3 2023 Earnings Call Transcript

The First of Long Island (FLIC) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.55 per share a year ago.

The First of Long Island (FLIC) Q3 Earnings and Revenues Surpass Estimates

MELVILLE, N.Y., Oct. 26, 2023 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC or the “Company”), the parent of The First National Bank of Long Island (the “Bank”), reported earnings for the three and nine months ended September 30, 2023.

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

MELVILLE, N.Y., Oct. 16, 2023 (GLOBE NEWSWIRE) -- The First National Bank of Long Island, the subsidiary of The First of Long Island Corporation (Nasdaq: FLIC), today announced that Rocket Mortgage, the nation's largest retail mortgage lender and a part of Rocket Companies (NYSE: RKT), will be the preferred residential mortgage provider for First National Bank LI clients. Through this relationship, the Bank's clients will receive special discounts and dedicated resources to help them achieve their dream of owning a home.

The First National Bank of Long Island Partners with Rocket Mortgage to Expand Consumer Home Financing Options

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MELVILLE, N.Y., Oct. 04, 2023 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) will host an earnings conference call on October 27, 2023 at 2:00 pm Eastern time to discuss third quarter results. Financial results will be released after the market closes on October 26, 2023.

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

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MELVILLE, N.Y., Sept. 29, 2023 (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 19, 2023 to shareholders of record on October 11, 2023.

The First Of Long Island Corporation Announces Third Quarter Cash Dividend Of $.21 Per Share

On August 2, 2023, Tanweer Ansari, the Executive Vice President and Internal Counsel of First of Long Island Corp ( FLIC , Financial), sold 1000 shares of the company. This move comes as part of a series of insider transactions that have taken place over the past year.

EVP, Internal Counsel Tanweer Ansari Sells 1000 Shares of First of Long Island Corp

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The First of Long Island Corporation (FLIC) Q2 2023 Earnings Call Transcript

News for First of Long Island Stock (FLIC)