The First of Long Island Corporation Reports Earnings for the First Quarter of 2020
The First of Long Island Corporation (FLIC)
Last the first of long island corporation earnings: 4/30 08:14 am
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US:NASDAQ Investor Relations:
fnbli.com/stock-information.aspx
Company Research
Source: GlobeNewswire
GLEN HEAD, N.Y., April 30, 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 months ended March 31, 2020. In the highlights that follow, all comparisons are of the current three-month period to the same period last year unless otherwise indicated. FIRST QUARTER 2020 HIGHLIGHTS Net Income and EPS were $9.1 million and $.38, respectively, versus $10.8 million and $.43Net interest margin was 2.62% versus 2.57% for the prior quarterCash Dividends Per Share increased 5.9% to $.18 from $.17ROA and ROE were .90% and 9.41%, respectively, compared to 1.03% and 11.30% Repurchased 261,700 shares during the quarter at a cost of $5.9 million Effective Tax Rate was 15.2% versus 17.7%Operating expenses remain under tight control and revenue enhancement initiatives are producing positive results The Bank is helping customers through the pandemi
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