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

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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.

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Flushing Financial Corporation (FFIC) CEO John Buran on Q3 2019 Results - Earnings Call Transcript

UNIONDALE, N.Y. and ISLANDIA, N.Y., Oct.  25, 2019  (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company” or “Flushing”) (Nasdaq: FFIC), the parent holding company for Flushing Bank, and Empire Bancorp, Inc. (“Empire”) (OTC: EMPK), the parent holding company for Empire National Bank, announced today that they have entered into a definitive merger agreement for Flushing to acquire Empire in a transaction valued at an estimated $111.6 million, based on Flushing’s closing stock price on October 24, 2019. Under the terms of the merger agreement, each share of Empire common stock will be exchanged for either 0.6548 shares of Flushing common stock or $14.04 in cash, based upon the election of each Empire shareholder, subject to the election and proration procedures specified in the merger agreement (which provides for an aggregate split of total consideration of 50% Flushing common stock and 50% cash). In connection with the transaction, Empire National Bank will merge with and into Flushing Bank, with Flushing Bank as the surviving entity. 

Flushing Financial Corporation to Acquire Empire Bancorp, Inc.

UNIONDALE, N.Y., Oct.  22, 2019  (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, the Company’s President and Chief Executive Officer and Susan K. Cullen, the Company’s Senior Executive Vice President and Chief Financial Officer, will be meeting with institutional investors, through an arrangement with Corbin Advisors, on October 31, 2019.

Flushing Financial Corporation to Meet With Institutional Investors

UNIONDALE, N.Y., Sept.  30, 2019  (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 2019 earnings after the market closes on Tuesday, October 29, 2019.

Flushing Financial Corporation to Host Third Quarter 2019 Earnings Call

UNIONDALE, N.Y., Sept.  25, 2019  (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 Hicksville location, at 268 North Broadway. Hicksville, NY. This new full-service location is planned to open in December 2019.

Flushing Bank Leases New Hicksville Branch Location

Flushing Financial Corporation (FFIC) CEO John Buran on Q2 2019 Results - Earnings Call Transcript

Flushing Financial (FFIC) delivered earnings and revenue surprises of -6.67% and -6.06%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Flushing Financial (FFIC) Misses Q2 Earnings and Revenue Estimates

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Flushing Financial Corporation (FFIC) CEO John Buran on Q1 2019 Results - Earnings Call Transcript

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: What to Know Ahead of Next Week's Release

News for Flushing Financial Stock (FFIC)