Flushing Financial Corporation to hold virtual meetings with Institutional Investors

Rhea-AI Summary

Flushing Financial Corporation (Nasdaq: FFIC) announced virtual meetings with institutional investors scheduled for August 24 and 26, 2020. The company's President and CEO, John R. Buran, and CFO, Susan K. Cullen, will discuss the company's performance and strategic objectives. Flushing Financial holds approximately $7.2 billion in assets and provides a range of banking services. Recent news includes an extended merger timeline with Empire Bancorp and record net interest income. A presentation will be accessible on their website from August 17, 2020.

Positive

• Flushing Financial reported record net interest income.
• The company reduced funding costs, leading to improved net interest margin.

Negative

• None.

UNIONDALE, N.Y., Aug. 17, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that John R. Buran, the Company’s President and Chief Executive Officer and Susan K. Cullen, the Company’s Senior Executive Vice President and Chief Financial Officer, will be meeting virtually with institutional investors on August 24 and August 26, 2020.

WHO	Flushing Financial Corporation, with $7.2 billion in consolidated assets, is the holding company for Flushing Bank®, a New York State - chartered commercial bank insured by the Federal Deposit Insurance Corporation. The Bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, equipment finance, and cash management services through its banking offices located in Queens, Brooklyn, Manhattan, and on Long Island. As a leader in real estate lending, the Bank’s experienced lending team creates mortgage solutions for real estate owners and property managers both within and outside the New York City metropolitan area. Flushing Bank is an Equal Housing Lender. The Bank also operates an online banking division consisting of iGObanking.com®, which offers competitively priced deposit products to consumers nationwide, and BankPurely®, an eco-friendly, healthier lifestyle community brand.
WHAT	Meetings with institutional investors held virtually on August 24 and August 26, 2020.
PRESENTATION	The presentation will focus on the Company’s performance and its strategic operating objectives. The presentation will be available on the Company’s website, www.flushingbank.com, on August 17, 2020.
RECENT NEWS	August 17, 2020 - Flushing Financial Corporation and Empire Bancorp Inc. Agree to Complete Their Merger Under Extended Time Frame.  August 3, 2020 - Flushing Financial Corporation and Empire Bancorp, Inc. Announce Continued Merger Discussions.  July 21, 2020 - Flushing Financial Corporation Reports Record Net Interest Income Net Interest Margin Expansion Driven by Ability to Significantly Reduce Funding Costs.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this Press Release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and in other documents filed by the Company with the Securities and Exchange Commission from time to time. Forward-looking statements may be identified by terms such as “may”, “will”, “should”, “could”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “forecasts”, “goals”, “potential” or “continue” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company has no obligation to update these forward-looking statements.

Additional information on Flushing Financial Corporation may be obtained by visiting the Company’s website at http://www.flushingbank.com.

CONTACT:
Susan K. Cullen
Senior Executive Vice President and Chief Financial Officer
Flushing Financial Corporation
(718) 961-5400

FAQ

What are the dates of the virtual investor meetings for Flushing Financial Corporation?

The virtual meetings are scheduled for August 24 and August 26, 2020.

Who will represent Flushing Financial Corporation in the investor meetings?

John R. Buran, the President and CEO, and Susan K. Cullen, the CFO, will represent the company.

What key topics will be covered in the presentation during the investor meetings?

The presentation will focus on the company's performance and strategic operating objectives.

When will the presentation be available on Flushing Financial's website?

The presentation will be available on August 17, 2020.

What recent news has been reported regarding Flushing Financial Corporation?

Recent news includes an agreement to complete a merger with Empire Bancorp and record net interest income.