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 ...

Flushing Financial (FFIC) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The upward trend in estimate revisions for this holding company for Flushing Bank reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a stro ...

For the quarter ended September 2024, Flushing Financial (FFIC) reported revenue of $51.88 million, up 8.3% over the same period last year. EPS came in at $0.26, compared to $0.31 in the year-ago quarter.The reported revenue represents a surprise of +9.34% over the Zacks Consensus Estimate of $47.45 million. With the consensus EPS estimate being $0.18, the EPS surprise was +44.44%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...

Flushing Financial (FFIC) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 44.44%. A quarter ago, it was expected that this holding company for Flushing Bank would post earnings of $0.18 per share when it actually produced earnings of $0.18, delivering no surprise.Over the last four qu ...

Flushing Financial (FFIC) reported $46.99 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.1%. EPS of $0.18 for the same period compares to $0.26 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $46.96 million, representing a surprise of +0.08%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.18. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

Flushing Financial (FFIC) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this holding company for Flushing Bank would post earnings of $0.15 per share when it actually produced earnings of $0.14, delivering a surprise of -6.67%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. ...

Exhibit 99.1 "Our long-term success is derived from executing against the four focus areas we outlined in 2023. For the quarter, GAAP and Core NIM declined 1 and 3 bps, respectively. As loan originations were less than paydowns, we purchased adjustable-rate securities, which led to net interest income increasing 0.9% QoQ. We anticipate the loan pipeline, which increased approximately 88% QoQ, will help to stabilize NIM, which is our first area of focus. Our second area of focus is credit quality, which rema ...

The earnings are definitely under pressure On top of that, the bank recorded a $0.8M loss related to the fair value adjustments of certain items, which wasn't very helpful either as FFIC was able to record a $2.6M gain in that segment in Q1 2023. All these elements combined resulted in a decrease of the non-interest income to just $3.1M, while the non-interest expenses increased by almost 2% to $39.9M. The silver lining is the substantial decrease of the loan loss provisions. As the income statement (shown ...

0 i 1 Margin Likely to Stabilize Going forward, I'm expecting the deposit migration to pause because I'm anticipating interest rate cuts, which will reduce the attractiveness of interest-bearing accounts relative to non-interest-bearing accounts. As a result, I'm expecting the pressure on the margin to wane. Holding the balance sheet constant, the anticipated interest rate cuts will have a negligible direct impact on the margin. This is because of the characteristics of loans and deposits, which make the ba ...

Investors in Flushing Financial Corporation (FFIC) need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 19, 2024 $185.00 Call had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there ...