Flushing Financial: Disappointing Earnings But Loan Book Remains Strong

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 ...