Financial Performance - The company reported a GAAP loss per share of $(1.61) for 4Q24 and $(1.05) for the full year 2024, with core EPS of $0.14 and $0.73, respectively [4]. - The company reported a net loss of $49,245,000 in Q4 2024, compared to a net income of $8,099,000 in Q4 2023, indicating a significant decline [36]. - Core net income for the quarter was $4,209 thousand, compared to $7,723 thousand in the previous quarter, reflecting a decrease of 45.5% [57]. - Basic loss per common share for Q4 2024 was $(1.61), compared to earnings of $0.27 per share in Q4 2023 [36]. - Core diluted earnings per common share decreased to $0.14 from $0.26 in the previous quarter, a drop of 46.15% [57]. Capital and Equity - The company raised $70 million in capital and completed a restructuring of its investment portfolio, which is expected to improve net interest margin (NIM) by 10-15 basis points in 1Q25 [2]. - The Company completed a $70 million common stock offering to strengthen the balance sheet [20]. - Stockholders' equity increased to $724,539 thousand from $669,837 thousand, representing a growth of approximately 8.16% [32]. - Total stockholders' equity increased to $724,539,000 in Q4 2024 from $666,891,000 in Q3 2024, a growth of 8.7% [38]. - Tangible stockholders' common equity rose to $705,780,000, compared to $648,035,000 in the prior quarter, reflecting an increase of 8.9% [66]. Asset Quality - Nonperforming assets (NPAs) totaled $51.3 million in 4Q24, representing 57 basis points of total assets [11]. - Nonperforming loans increased 32.4% YoY to $33.3 million but decreased 2.8% QoQ [17]. - The allowance for credit losses was $40,152,000 in Q4 2024, slightly down from $40,342,000 in Q3 2024 [38]. - Nonaccrual loans totaled $33,318 thousand, slightly down from $34,261 thousand in the prior quarter, indicating a decrease of 2.74% [52]. - Nonperforming Assets to Total Assets ratio improved slightly to 0.57% from 0.59% in the previous quarter [52]. Interest and Margin - NIM for 4Q24 was 2.39%, an increase of 29 basis points QoQ, while core NIM was 2.25%, up 18 basis points QoQ [11]. - Net Interest Margin FTE increased to 2.39%, up 10 bps YoY and 29 bps QoQ; cost of funds declined 34 bps QoQ [15]. - The net interest margin (tax equivalent) improved to 2.39% for the quarter, compared to 2.10% in the previous quarter [43]. - The net interest income excluding episodic items for Q4 2024 was $47,583,000, compared to $43,347,000 in Q3 2024, showing a 9.4% increase [62]. - The yield on total interest-earning assets was 5.60%, slightly up from 5.43% in the previous quarter [42]. Loans and Deposits - Average total deposits increased by 8.2% YoY to $7.4 billion, but decreased by 0.2% QoQ [11]. - Total deposits fell to $7,178,933,000 in Q4 2024 from $7,572,395,000 in Q3 2024, a decrease of 5.2% [38]. - Total net loans increased to $6,780,268 thousand as of December 31, 2024, up from $6,737,261 thousand in the previous quarter, representing a growth of 0.64% [40]. - Total loan closings were $225.2 million in 4Q24, up from $217.1 million in 3Q24 [22]. - The loan pipeline increased by 21.9% YoY but declined by 32.1% QoQ to $198.9 million [11]. Expenses - Noninterest expense grew by 12% YoY in 4Q24, with core noninterest expense growth of 6.6% YoY, aligning with the company's mid-single digit target for 2024 [11]. - Noninterest expense increased to $45,630,000 in Q4 2024 from $38,696,000 in Q3 2024, reflecting a rise of 17.5% [36]. - The efficiency ratio was reported at 79.01%, an increase from 76.69% in the previous year, indicating a decline in operational efficiency [32]. - The efficiency ratio for Q4 2024 was reported at 79.0%, compared to 77.2% in Q3 2024, indicating a decline in operational efficiency [60]. Tax and Regulatory - The effective tax rate was 31.5% in 4Q24, up from 22.3% in 3Q24 [21]. - Tier 1 capital ratio was 8.04%, up from 8.47% year-over-year, suggesting a decrease in capital adequacy [32].

Core Viewpoint - Flushing Financial (FFIC) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimate Revisions - Analysts are optimistic about Flushing Financial's earnings prospects, leading to upward revisions in estimates, which are expected to positively impact the stock price [2]. - The Zacks Rank system indicates a strong correlation between earnings estimate revisions and stock price movements, with Flushing Financial benefiting from this trend [2][3]. Current-Quarter Estimates - For the current quarter, Flushing Financial is projected to earn $0.21 per share, reflecting a year-over-year decline of 16% [4]. - The Zacks Consensus Estimate for the current quarter has increased by 17.07% over the last 30 days, with one estimate moving higher and no negative revisions [4]. Current-Year Estimates - The full-year earnings estimate stands at $0.78 per share, representing an 18.75% decrease from the previous year [5]. - Recent trends show two upward revisions for the current year, resulting in an 8.78% increase in the consensus estimate [5]. Zacks Rank - Flushing Financial has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, indicating strong potential for outperformance [6]. - Stocks with a Zacks Rank 1 and 2 are shown to significantly outperform the S&P 500 [6]. Investment Outlook - The stock has risen 5.4% over the past four weeks due to strong estimate revisions, suggesting further upside potential [7]. - Investors may consider adding Flushing Financial to their portfolios based on its positive outlook [7].

Core Viewpoint - Flushing Financial (FFIC) has experienced a downtrend, losing 16.7% over the past four weeks, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, with selling pressure likely subsiding, which could lead to a bullish trend for the stock [2][4]. - A hammer pattern forms when there is a small candle body with a long lower wick, signaling that bears may be losing control over the price [3][4]. - This pattern can occur across various timeframes and is utilized by both short-term and long-term investors [4]. Fundamental Analysis - There has been a significant upward trend in earnings estimate revisions for FFIC, with a 14.6% increase in the consensus EPS estimate for the current year over the last 30 days, indicating analysts expect better earnings than previously predicted [6][7]. - FFIC holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [8]. - The Zacks Rank serves as a timing indicator, suggesting that the company's prospects are beginning to improve, further supporting the case for a trend reversal [8].

Group 1 - Flushing Financial (FFIC) has experienced a significant decline of 18.9% over the past four weeks, but it is now in oversold territory, indicating a potential for trend reversal [1] - The Relative Strength Index (RSI) for FFIC is currently at 28.68, suggesting that the heavy selling pressure may be exhausting, which could lead to a price rebound [4] - There is a strong consensus among Wall Street analysts that FFIC will report better earnings than previously predicted, with a 0.4% increase in the consensus EPS estimate over the last 30 days [5] Group 2 - FFIC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [5]

Core Viewpoint - Flushing Financial (FFIC) has experienced a significant decline of 21.2% over the past four weeks, but it is now positioned for a potential trend reversal as it is in oversold territory, with analysts predicting better earnings than previously expected [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a momentum oscillator that helps identify whether a stock is oversold, with readings below 30 indicating oversold conditions [2]. - FFIC's current RSI reading is 20.93, suggesting that the heavy selling may be exhausting, indicating a potential bounce back towards equilibrium in supply and demand [3]. Group 2: Fundamental Analysis - There is strong consensus among sell-side analysts that earnings estimates for FFIC have increased by 0.4% over the last 30 days, which typically correlates with price appreciation [6]. - FFIC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, further supporting the potential for a near-term turnaround [6].

Flushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million to shore up its capital, CNBC has learned.The bank's CEO, John Buran, has told potential investors that he intends to sell low-yielding bonds and loans backed by commercial real estate, including multifamily buildings, moves that would generate a loss and necessitate the sale of fresh stock, people with knowledge of the deal told CNBC.Bankers working on the deal have yet to finalize pricing, but it will likel ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 Commission file number 001-33013 FLUSHING FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 11-3209278 (I.R.S. Employer Identification No.) 220 RXR Plaza, Uniondale, New York ...

Earnings of Flushing Financial Corporation (NASDAQ: FFIC ) will likely recover next year as maturing deposits and loans will help lift the margin. Low loan growth will also lend support to the bottom line. Overall, I’m expecting earnings to drop by 19% to $0.79Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I a ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 31:Moody'sCorporation (MCO) : This integrated risk management company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days.Moody's shares gained 23.6% over the last six months compared with the S&P 500’s advanced of 15.9%. The company possesses a Momentum Score of A.Southwest Airlines Co. (LUV) : This airline company ha ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, October 31:Flushing Financial Corporation (FFIC) : This bank holding company for Flushing Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% the last 60 days.This Zacks Rank #1 company has a dividend yield of 5.4%, compared with the industry average of 3.0%.Southwest Airlines Co. (LUV) : This airline company has witnessed the Zacks Consensus Estimate for its curre ...