Flushing Financial Corporation Reports 2023 and 4Q23 GAAP EPS of $0.96 and $0.27, and Core EPS of $0.83 and $0.25, Respectively; Continues to Successfully Execute On Its Action Plan
Flushing Financial Corporation (FFIC)
Last flushing financial corporation earnings: 4/28 05:30 pm
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US:NASDAQ Investor Relations:
flushingbank.com/about-us/investor-relations.html
Company Research
Source: GlobeNewswire
John R. Buran, President and CEO Commentary “Flushing Financial delivered sequential GAAP and Core NIM expansion in 4Q23 of 7 and 18 basis points, respectively, as our team continued to successfully execute against the previously announced action plan amid this challenging environment. Importantly, during the quarter, total average deposits increased 3.1% YoY and 0.9% QoQ, while average noninterest bearing deposits increased $21.6 million, or 2.5% QoQ. Our loan portfolio remains resilient through the credit cycle with 89% secured by real estate, strong debt service coverage ratios, low average loan to values, and controllable repricing risk. Credit quality continues to be a strength for the Company with less than one basis point of net charge-offs in 4Q23 although there was a slight uptick in NPAs. Given our progress to date, we are expanding our areas of focus to include: 1) increasing NIM and reducing volatility; 2) maintaining credit discipline; 3) preserving strong liquidity and
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FFIC
News
- Flushing Financial Co. (NASDAQ: FFIC) had its price target lowered by analysts at Keefe, Bruyette & Woods from $14.00 to $13.00. They now have a "market perform" rating on the stock.MarketBeat
- Flushing Financial Corporation Just Missed Earnings - But Analysts Have Updated Their Models [Yahoo! Finance]Yahoo! Finance
- Flushing Financial Co. (NASDAQ: FFIC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Flushing Financial Corporation (NASDAQ:FFIC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Flushing Financial First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
FFIC
Earnings
- 4/23/24 - Miss
FFIC
Sec Filings
- 5/3/24 - Form 4
- 4/24/24 - Form 8-K
- 4/24/24 - Form 8-K
- FFIC's page on the SEC website