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Stock impact report

Flushing Financial Corporation Reports Third Quarter GAAP Diluted EPS of $0.35 and Core Diluted EPS of $0.37

Flushing Financial Corporation (FFIC) 
Last flushing financial corporation earnings: 4/28 05:30 pm Check Earnings Report
Company Research Source: GlobeNewswire
THIRD QUARTER 20171 GAAP diluted EPS was $0.35, down 20.5% QoQ and 5.4% YoY, largely due to pre-tax provision for losses of $3.3 million, or $0.07 diluted EPS, after-tax, primarily related to the taxi medallion portfolioCore diluted EPS was $0.37, down 19.6% QoQ and 5.1% YoYNet interest income was $43.0 million, an improvement of 3.2% YoY, but a reduction of 1.3% QoQNet interest margin was 2.90%, down 5bps QoQ and 4bps YoYGAAP and core ROAE were 7.6% and 5.1%, compared with 9.6% and 10.2%, respectively in 2Q17GAAP and core ROAA were both 0.7% for 3Q17 compared with 0.8% and 0.9%, respectively in 2Q17Yield on quarterly loan originations and purchases exceeded yield on the loan portfolio, net of prepayment penalties and interest recovered from delinquent loans, for the first time since 4Q08 UNIONDALE, N.Y., Oct. 31, 2017 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq:FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced its fin Show less Read more
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