Flushing Financial Corporation to hold virtual meetings with Institutional Investors

Rhea-AI Summary

Flushing Financial Corporation (Nasdaq: FFIC) will hold virtual meetings with institutional investors on November 10, 2020, at the Piper Sandler East Coast Financial Services Conference and on November 18-19, 2020, at the Southwest IDEAS Conference. The focus will be on the Company's performance and strategic objectives, with a presentation available on their website on November 9, 2020. The Company reported 3Q20 earnings of $0.50 and a 56% increase in core earnings, driven by record net interest income. Flushing has consolidated assets of $7.1 billion as of September 30, 2020.

Positive

• 3Q20 GAAP earnings reported at $0.50, indicating profitability.
• Record core earnings up 56%, showing strong financial performance.
• Record net interest income, enhancing revenue growth.

Negative

• None.

UNIONDALE, N.Y., Nov. 05, 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 at the Piper Sandler East Coast Financial Services Conference on November 10, 2020 and at the Southwest IDEAS Conference on November 18 and 19, 2020.

WHO		Flushing Financial Corporation, with $7.1 billion in consolidated assets as of September 30, 2020, 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 November 10, 2020 and November 18-19, 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 November 9, 2020.
RECENT NEWS		October 30, 2020- Flushing Financial Corporation Closes Acquisition of Empire Bancorp, Inc October 27, 2020- Flushing Financial Corporation Reports 3Q20 GAAP Earnings of $0.50 and Record Core Earnings Up 56% Driven by Record Net Interest Income

“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 is the date of the investor meetings for Flushing Financial Corporation?

The investor meetings will be held on November 10, 2020, and November 18-19, 2020.

What financial performance did Flushing Financial Corporation report for Q3 2020?

Flushing Financial Corporation reported GAAP earnings of $0.50 and a 56% increase in core earnings for Q3 2020.

What will be the focus of the presentation at the investor meetings?

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

When will the presentation material be available on the website?

The presentation will be available on the Company's website on November 9, 2020.

What is the total consolidated asset value of Flushing Financial Corporation?

The total consolidated assets of Flushing Financial Corporation are $7.1 billion as of September 30, 2020.