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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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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GLEN HEAD, N.Y., Feb. 25, 2021 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a first quarter cash dividend in the amount of $.19 per share. This represents a 5.6% increase over the dividend of $.18 per share declared in the same quarter last year. The dividend will be paid on March 19, 2021 to shareholders of record on March 10, 2021.

The First of Long Island Corporation Announces First Quarter Cash Dividend of $.19 Per Share

The First of Long Island (FLIC) delivered earnings and revenue surprises of 0.00% and -1.81%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

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

GLEN HEAD, N.Y., Jan. 29, 2021 (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, 2020. In the highlights that follow, all comparisons are of the current quarter or year to the same period last year unless otherwise indicated.

The First of Long Island Corporation Reports Earnings for the Quarter and Year Ended December 31, 2020

FORT MILL, S.C., Jan. 29, 2021 (GLOBE NEWSWIRE) -- Financial Resources Group Investment Services, LLC (Financial Resources Group) announces their partnership with The First National Bank of Long Island (First National Bank LI). First National Bank of LI will transition its retail investment and investment management division platforms to LPL Financial, the nation's largest independent broker-dealer1, and work directly with Financial Resources Group.

Financial Resources Group Investment Services Announces Partnership with The First National Bank of Long Island to Provide Investment Services

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GLEN HEAD, N.Y., Dec. 18, 2020 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a fourth quarter cash dividend in the amount of $.19 per share. This represents a 5.6% increase over the dividend of $.18 per share declared in the same quarter last year. The dividend will be paid on January 21, 2021 to shareholders of record on January 11, 2021.

The First of Long Island Corporation Announces Fourth Quarter Cash Dividend of $.19 Per Share

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GLEN HEAD, N.Y., Dec. 01, 2020 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (NASDAQ: FLIC) announced today that on November 30, 2020, Susanne Pheffer joined the Company's banking subsidiary, The First National Bank of Long Island, as Executive Vice President and Chief Information Officer.

The First of Long Island Corporation Adds Susanne Pheffer as Executive Vice President and Chief Information Officer

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GLEN HEAD, N.Y., Nov. 30, 2020 (GLOBE NEWSWIRE) -- The First National Bank of Long Island (“the Bank,” “First National”) the sole banking subsidiary of The First of Long Island Corporation, today announced the introduction and roll-out of its new branding initiative.

The First National Bank of Long Island Launches New Branding

GLEN HEAD, N.Y., Nov. 05, 2020 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC), is proud to announce that The First National Bank of Long Island has been named to Newsweek magazine's inaugural ranking of “America's Best Banks 2021.”  In their first-ever ranking of financial institutions, Newsweek officially recognized the full-service commercial bank as the “Best Small Bank in New York State.”

The First National Bank of Long Island Named “Best Small Bank in the State of New York” by Newsweek

GLEN HEAD, N.Y., Oct. 30, 2020 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (NASDAQ: FLIC) announced today that Michael J. Spolarich has been promoted to Executive Vice President and Chief Credit Officer of its banking subsidiary, The First National Bank of Long Island, effective December 1, 2020.

The First of Long Island Corporation Names Mike Spolarich as Executive Vice President and Chief Credit Officer

The First of Long Island (FLIC) delivered earnings and revenue surprises of 2.27% and 6.81%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

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

GLEN HEAD, N.Y., Oct. 29, 2020 (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 three and nine months ended September 30, 2020. In the highlights that follow, all comparisons are of the current three or nine-month period to the same period last year unless otherwise indicated.

The First of Long Island Corporation Reports Earnings for the Third Quarter of 2020

The First of Long Island (FLIC) 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.

The First of Long Island (FLIC) to Report Q3 Results: What to Know Ahead of the Release

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Dividend Changes: September 19-25, 2020

GLEN HEAD, N.Y., Sept.  25, 2020  (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a third quarter cash dividend in the amount of $.19 per share. This represents a 5.6% increase over the dividend of $.18 per share declared in the same quarter last year. The dividend will be paid on October 22, 2020 to shareholders of record on October 13, 2020.

The First of Long Island Corporation Announces 5.6% Increase in Quarterly Cash Dividend to $.19 per Share

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News for First of Long Island Stock (FLIC)