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 ...

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 March 31, 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 1155 ...

Flushing Financial Corporation (NASDAQ:FFIC) Q1 2024 Earnings Conference Call April 24, 2024 9:30 AM ET Company Participants John Buran - President and CEO Susan Cullen - SEVP, CFO and Treasurer Conference Call Participants Mark Fitzgibbon - Piper Sandler & Co. Steve Moss - Raymond James Manuel Navas - DA Davidson Chris O'Connell - KBW Operator Good day, and welcome to the Flushing Financial Corporation's First Quarter 2024 Earnings Conference Call. Hosting the call today are John Buran, President and Chief ...

For the quarter ended March 2024, Flushing Financial (FFIC) reported revenue of $45.48 million, down 12.8% over the same period last year. EPS came in at $0.14, compared to $0.10 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $47.12 million, representing a surprise of -3.48%. The company delivered an EPS surprise of -6.67%, with the consensus EPS estimate being $0.15.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

Exhibit 99.1 John R. Buran, President and CEO Commentary Flushing Financial Corporation Reports 1Q24 GAAP and Core EPS of $0.12 and $0.14, Respectively; Excellent Quality Driven by Low Risk Credit Profile "We take pride in what we believe is our low risk credit profile that has performed well over our 95-year history. While there have been increased concerns about commercial real estate loans, especially New York City office and rent regulated multifamily exposure, hallmarks of our risk averse credit cultur ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Commission file number 001-33013 FLUSHING FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 11-3209278 (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) 220 RXR Plaza, Uniondale, New York 11556 (Ad ...

Underwrite Real Estate Loans with a Cap Rate over 6% in 4Q23 (5%+ Historically) and Stress Test Each Loan ▪ Annual sales up to $250MM | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------|-------|--------------------------------------------|-------|-------------------|-------|----------------------------|-------|-------|------------------------------|---- ...

Flushing Financial Corporation (NASDAQ:FFIC) Q4 2023 Earnings Conference Call January 26, 2024 11:00 AM ET Company Participants John Buran - President, Chief Executive Officer Tom Buonaiuto - Senior Executive Vice President, Chief of Staff, Deposit Channel Executive Susan Cullen - Senior Executive Vice President, Chief Financial Officer, Treasurer Conference Call Participants Mark Fitzgibbon - Piper Sandler & Co. Chris O'Connell - KBW Manuel Navas - DA Davidson Operator Welcome to the Flushing Financial Co ...