Welcome to our dedicated page for Flushing Financial news (Ticker: FFIC), a resource for investors and traders seeking the latest updates and insights on Flushing Financial stock.
Flushing Financial Corporation (Nasdaq: FFIC), the holding company for Flushing Bank, is a prominent player in the banking sector, providing a diverse range of financial services to consumers, businesses, professionals, corporate clients, and public entities. Established in 1929, Flushing Bank operates 19 banking offices strategically located in Queens, Brooklyn, Manhattan, and Nassau County.
Renowned for its real estate lending expertise, Flushing Bank’s experienced lending team crafts tailored mortgage solutions for property owners and managers both within and beyond the New York City metropolitan area. The bank’s product portfolio includes multi-family residential properties, commercial business loans, commercial real estate mortgage loans, construction loans, and small business administration loans.
To enhance customer convenience, Flushing Bank also offers online banking services through its platforms, iGObanking.com® and BankPurely®. These platforms provide competitively priced deposit products to consumers nationwide, reinforcing the bank's commitment to accessible and efficient banking solutions.
Flushing Financial Corporation recently announced its participation in The Microcap Conference, showcasing its robust financial health and strategic initiatives. President and CEO John R. Buran and CFO Susan K. Cullen will represent the company, highlighting its strong credit profile, conservative underwriting, and commitment to maintaining liquidity and capital strength.
The company’s latest financial disclosures reveal a focus on enhancing Net Interest Margin (NIM) and reducing volatility. With a sound capital structure and low levels of nonperforming loans, Flushing Financial Corporation demonstrates a resilient performance, even amidst market fluctuations.
Flushing Financial Corporation’s commitment to personalized banking, underscored by multi-lingual customer service and community-centric operations, positions it as a unique and reliable financial institution. As an FDIC member and Equal Housing Lender, the company continues to build on its legacy of trust and excellence in the financial community.
Flushing Financial Corporation (Nasdaq: FFIC) announced the opening of a new branch at 160 Adams Street, Hauppauge, NY, bolstering its presence in Suffolk County. CEO John R. Buran emphasized the strategic importance of this location, designed to serve both the local business community and the Long Island Innovation Park. This expansion is part of Flushing Bank's ongoing commitment to building customer relationships and enhancing services since its acquisition of Empire National Bank. Flushing Bank offers a comprehensive range of banking services and products, catering to a diverse clientele in the New York metropolitan area.
Flushing Financial Corporation (Nasdaq: FFIC) announced it will release its Q1 2023 earnings on April 25, 2023, after market close. The earnings call is scheduled for April 26, 2023, at 9:30 AM (ET), hosted by CEO John R. Buran and CFO Susan K. Cullen. Investors can participate by calling 1-877-509-5836 or accessing the livestream via a provided link. Flushing Bank, the operating bank of the corporation, offers a range of financial products and services, fostering long-standing relationships across New York and beyond. The bank emphasizes personalized customer service and operates both online and through physical branches.
Flushing Financial Corporation (Nasdaq: FFIC) announced a quarterly dividend of $0.22 per common share, payable on March 31, 2023, to shareholders of record by March 10, 2023. This marks the 107th consecutive quarterly dividend, underscoring the company's commitment to returning capital to shareholders. In 2022, approximately 71% of earnings were returned through dividends and share repurchases. The company's dividends have grown at a 15% compounded annual growth rate since their inception in 1996, reflecting a strong track record of shareholder value creation.
On January 26, 2023, the Company reported fourth quarter 2022 GAAP EPS of $0.34, down 41.4% YoY, with full year GAAP EPS of $2.50, a decline of 3.5% YoY. Core EPS for 4Q22 was $0.57, down 14.9% YoY. The decline in net interest income to $54.2 million reflected higher funding costs, with a net interest margin (NIM) of 2.70%. Nonperforming loans rose to $32.4 million, while average loans increased by 4.9% YoY. The Company repurchased 374,862 shares at an average price of $20.16 and returned 71% of earnings to shareholders in 2022. The earnings call is scheduled for January 27, 2023, to discuss these results and future strategies.
Flushing Financial Corporation (Nasdaq: FFIC) participated in NYC Scholarship Month, presenting a Community Scholarship check to support the NYC Kids RISE Save for College Program at P.S. 22Q Thomas Jefferson Elementary School. This initiative aims to enhance college and career opportunities for kindergarten and first-grade students, irrespective of their financial background. The event, attended by community leaders and parents, underscores the bank's commitment to local educational initiatives. CEO John R. Buran highlighted the bank's role in promoting economic opportunity and asset-building through grassroots support for students' futures.
Flushing Financial Corporation (Nasdaq: FFIC) announced the passing of Michael J. Russo, a retired member of its Board of Directors, on January 9, 2023. Russo had served on the Board since the Company's formation in 1994 and was known for his extensive experience in various industries, including mechanical contracting and aviation. His leadership and insights were deeply valued by the organization. CEO John R. Buran and Chairman Alfred A. DelliBovi expressed their condolences, highlighting Russo's significant contributions to the Company and the Bank.
Flushing Financial Corporation (Nasdaq: FFIC) announced the retirement of Board Member Michael J. Russo, effective January 4, 2023. Russo had a long tenure as a director since 1994 for the company and since 1984 for Flushing Bank. His contributions included serving as Chairman of the Compensation Committee and participation in various other board committees. CEO John R. Buran and Chairman Alfred A. DelliBovi acknowledged Russo's invaluable service and insights during his tenure.
Flushing Financial Corporation (Nasdaq: FFIC) announced a revision in the timing for its fourth quarter and full year 2022 earnings release, now set for January 26, 2023, after market close. The company’s executives will discuss the results on a conference call scheduled for January 27, 2023, at 9:30 AM ET. Flushing Bank, a New York-chartered commercial bank, continues to build relationships in its communities while offering a range of banking services, including mortgage solutions and online banking through iGObanking and BankPurely brands.
Flushing Financial Corporation (Nasdaq: FFIC) announced its fourth quarter and full year 2022 earnings release scheduled for January 24, 2023, after market close. A conference call will follow on January 25, 2023, at 9:30 AM ET, hosted by CEO John R. Buran and CFO Susan K. Cullen, discussing the results and strategy moving forward. Flushing Bank, a New York State-chartered commercial bank, provides a range of banking services and continues to build relationships across its diverse communities since 1929.
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