Flushing Financial (FFIC)
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OceanFirst Financial Corp. and Flushing Financial Corporation Announce Merger Agreement and $225 Million Strategic Investment from Warburg Pincus
Accessnewswire· 2025-12-29 23:45
Creates a scaled, high performing regional bank with $23 billion in assets strategically located in attractive New Jersey, Long Island and New York markets Meaningfully enhances profitability metrics with estimated EPS accretion of 16%, ROATCE of 13% and ROAA of 1.00% by 2027 $225 million equity raise, priced at-the-market, is fully committed at a fixed price after extensive investor due diligence by Warburg Pincus1 RED BANK, NJ AND UNIONDALE, NY / ACCESS Newswire / December 29, 2025 / OceanFirst Financial ...
Flushing Financial (FFIC) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-12-26 18:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum i ...
Flushing Bank Expands Presence in Chinatown with Opening of New Branch
Accessnewswire· 2025-12-23 14:00
UNIONDALE, NY / ACCESS Newswire / December 23, 2025 / Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company of Flushing Bank (the "Bank"), today announced the opening of a new full-service branch located at 5 Chatham Square, New York, NY, further strengthening the Bank's commitment to serving the Chinatown community. "We are proud to open our second branch in Chinatown, reflecting our longstanding relationship with and commitment to the Asian community," said John R. ...
Flushing Financial Corporation To Host Fourth Quarter and Full Year 2025 Earnings Conference Call
Accessnewswire· 2025-12-17 15:00
UNIONDALE, NY / ACCESS Newswire / December 17, 2025 / Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its fourth quarter and full year 2025 earnings after the market closes on Tuesday, January 27, 2026. John R. Buran, President and Chief Executive Officer, and Susan K. ...
Best Income Stocks to Buy for Dec. 16
ZACKS· 2025-12-16 11:06
Core Insights - Three stocks are highlighted with a buy rank and strong income characteristics for investors to consider on December 16 Group 1: Flushing Financial Corporation (FFIC) - Flushing Financial Corporation is a bank holding company for Flushing Bank with a Zacks Rank 1 (Strong Buy) [1] - The Zacks Consensus Estimate for its current year earnings has increased nearly 6% over the last 60 days [1] - The company has a dividend yield of 5.2%, significantly higher than the industry average of 2.8% [1] Group 2: TIM S.A. (TIMB) - TIM S.A. is a telecommunications company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 7.6% over the last 60 days [2] - The company offers a dividend yield of 4.4%, compared to the industry average of 2.6% [2] Group 3: TriNet Group, Inc. (TNET) - TriNet Group, Inc. is a human capital management services company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 8.7% over the last 60 days [2] - The company has a dividend yield of 1.9%, which is higher than the industry average of 0.0% [3]
Flushing Financial declares $0.22 dividend (NASDAQ:FFIC)
Seeking Alpha· 2025-11-24 14:09
Group 1 - The article does not provide any specific content or key points related to a company or industry [1]
Flushing Financial Corporation Declares Quarterly Dividend of $0.22 Per Share
Accessnewswire· 2025-11-24 14:00
Core Points - Flushing Financial Corporation declared a quarterly dividend of $0.22 per common share, payable on December 19, 2025 [1] - This dividend is for shareholders of record at the close of business on December 5, 2025 [1] - The company has paid dividends consecutively since 1996, marking the 118th consecutive quarterly dividend payment [1]
Flushing Bank to Be Honored with the Bridge Builder Award at the 2025 Chinatown Partnership and Chinatown BID Gala
Accessnewswire· 2025-11-19 17:45
Core Insights - Flushing Bank has been recognized as a distinguished honoree at the annual gala organized by Chinatown Partnership and the Chinatown Business Improvement District (BID) [1] - The bank will receive the Bridge Builder Award, which honors organizations that show exceptional commitment to fostering connections and investing in their communities [1] Company Recognition - Flushing Bank is being honored for its efforts in building bridges and fostering community connections [1] - The award highlights the bank's commitment to cross-boundary initiatives and community investment [1]
Why Flushing Financial (FFIC) Might be Well Poised for a Surge
ZACKS· 2025-11-06 18:20
Core Insights - Flushing Financial (FFIC) is experiencing solid improvement in earnings estimates, indicating a positive outlook for the company's stock price [1][2] - The upward trend in estimate revisions reflects growing analyst optimism regarding Flushing Financial's earnings prospects, which is expected to influence its stock price positively [2][3] Current-Quarter Estimate Revisions - For the current quarter, Flushing Financial is expected to earn $0.35 per share, representing a significant increase of +150.0% compared to the same period last year [6] - Over the past 30 days, two estimates have been revised upward, with no negative revisions, leading to a 15% increase in the Zacks Consensus Estimate [6] Current-Year Estimate Revisions - For the full year, the expected earnings per share for Flushing Financial is $1.24, reflecting a year-over-year increase of +69.9% [7] - The consensus estimate has increased by 5.68% over the past month, with two estimates moving higher and no negative revisions [7][8] Zacks Rank and Performance - Flushing Financial has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which historically correlate with strong stock performance [9] - Stocks with a Zacks Rank 1 and 2 have shown significant outperformance compared to the S&P 500 [9] Bottom Line - The strong estimate revisions have led to a 5.8% increase in Flushing Financial's stock over the past four weeks, suggesting potential for further upside [10]
Flushing Financial (FFIC) - 2025 Q3 - Quarterly Report
2025-11-05 20:43
Financial Performance - Net interest income increased to $53,828 thousand for the three months ended September 30, 2025, compared to $45,603 thousand for the same period in 2024, reflecting a growth of 17.8%[11] - Net income for the three months ended September 30, 2025, was $10,447 thousand, an increase of 17.3% from $8,906 thousand in the same period of 2024[11] - Basic earnings per common share remained stable at $0.30 for both the three months ended September 30, 2025, and 2024[11] - Comprehensive net income for the three months ended September 30, 2025, was $11,753,000, compared to $7,423,000 in 2024, marking an increase of 58.5%[14] - For the nine months ended September 30, 2025, net income totaled $14,854,000, down from $17,912,000 in 2024, reflecting a decrease of 17.4%[14] - For the nine months ended September 30, 2025, net income attributable to common stock was $14,473, a decrease of 17.5% compared to $17,616 for the same period in 2024[30] - Basic earnings per common share for the nine months ended September 30, 2025, was $0.43, down from $0.60 in the same period of 2024, reflecting a decline of 28.3%[30] Asset and Liability Management - Total assets decreased to $8,871,991 thousand as of September 30, 2025, down from $9,038,972 thousand at December 31, 2024, representing a decline of 1.84%[8] - Total liabilities decreased to $8,160,765 thousand as of September 30, 2025, down from $8,314,433 thousand at December 31, 2024, a reduction of 1.85%[8] - The total due to depositors increased to $7,332,831 thousand as of September 30, 2025, from $7,125,851 thousand at December 31, 2024, reflecting a growth of 2.9%[8] - Total assets increased to $711,226,000 as of September 30, 2025, compared to $666,891,000 as of September 30, 2024, reflecting a growth of 6.6%[17] Credit Losses and Provisions - The allowance for credit losses increased to $41,837 thousand as of September 30, 2025, compared to $40,152 thousand at December 31, 2024, indicating a rise of 4.2%[8] - The company reported a provision for credit losses of $1,531 thousand for the three months ended September 30, 2025, compared to $1,727 thousand in the same period of 2024, a decrease of 11.3%[11] - The provision for credit losses for the nine months ended September 30, 2025, was $10,043,000, significantly higher than $3,128,000 in 2024, indicating an increase of 220.5%[20] - The allowance for credit losses (ACL) on loans totaled $41,800 thousand on September 30, 2025, representing 0.63% of gross loans, an increase from 0.60% on December 31, 2024[52] - The ACL on loans represented 93.3% of non-performing loans as of September 30, 2025, compared to 120.5% on December 31, 2024[52] Non-Interest Income and Expenses - Total non-interest income for the nine months ended September 30, 2025, was $20,097 thousand, up from $13,577 thousand in the same period of 2024, marking a significant increase of 48.0%[11] - Non-interest expense for the three months ended September 30, 2025, was $43,365 thousand, compared to $38,696 thousand for the same period in 2024, an increase of 12.0%[11] - Non-interest income for the three months ended September 30, 2025, was $4.7 million, down from $6.3 million in the same period of 2024[171] - Total non-interest expense increased to $43.4 million for the three months ended September 30, 2025, from $38.7 million in the same period of 2024[171] Loan Performance - Total loans, net of fees and costs, amounted to $6,670,333 thousand as of September 30, 2025, compared to $6,745,848 thousand on December 31, 2024, reflecting a decrease of 1.1%[46] - The total amount of loans past due (30-89 days) as of September 30, 2025, was $10,575,000, while loans greater than 90 days past due totaled $44,984,000, contributing to a total of $57,380,000 in past due loans[63] - Non-performing assets totaled $62.1 million at September 30, 2025, an increase of $10.8 million, or 21.1%, from December 31, 2024[198] - The total amount of Special Mention loans was $13,747 thousand, indicating potential risk[67] Capital and Regulatory Compliance - As of September 30, 2025, the Bank's Tier I (leverage) capital level was $895,465, representing 10.30% of assets, exceeding the well-capitalized requirement of 5.00% by $460,624[146] - The Common Equity Tier I risk-based capital level was $895,465, or 13.38% of assets, surpassing the well-capitalized requirement of 6.50% by $460,418[146] - The total risk-based capital level for the Bank was $938,033, or 14.02% of assets, exceeding the well-capitalized requirement of 10.00% by $268,730[146] - The Company continues to be categorized as "well-capitalized" under regulatory standards as of September 30, 2025[148] Shareholder Returns - The company declared dividends on common stock at $0.22 per share, totaling $7,586,000 for the three months ended September 30, 2025[17] - Cash dividends paid increased to $22,703 for the nine months ended September 30, 2025, compared to $19,582 in 2024, representing a rise of 10.9%[22] - Dividends per common share remained consistent at $0.22 for both the three months ended September 30, 2025, and 2024[171] Market and Investment Activities - The company sold available-for-sale securities totaling $80.7 million during the three months ended September 30, 2025, achieving an average yield of 5.29%[44] - The company reported a net cash provided by investing activities for the nine months ended September 30, 2025, was $150,678,000, a significant recovery from a net cash used of $652,676,000 in 2024[20] - The company has $647.3 million of interest rate swaps outstanding to mitigate exposure to rising interest rates on fixed-rate loans as of September 30, 2025[126]