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 its sponsorship of the United Way of Long Island's SunFunders Challenge, aimed at converting their headquarters into a net-zero building, projected to save over $65,000 annually. The initiative aligns with Flushing Bank's ongoing support for United Way programs, allowing them to better serve families in need. The event underscores the bank's commitment to community engagement and sustainable practices, providing significant long-term benefits for both the organization and local families.
Flushing Financial Corporation (Nasdaq: FFIC) announced a 1 million share increase in its stock repurchase program with no expiration date. Following the purchase of 147,307 shares at an average of $21.83, a total of 1.3 million shares remain authorized. The Board also declared a quarterly dividend of $0.22 per share, highlighting a commitment to shareholders with the 103rd consecutive dividend. CEO John R. Buran expressed confidence in future growth driven by a strengthening local economy and a robust loan pipeline.
Flushing Financial Corporation (Nasdaq: FFIC) announced plans to open a new full-service branch at 85-15 Queens Boulevard, Elmhurst, NY, in June 2022. This expansion aims to strengthen the bank's presence in the diverse Queens market and enhance relationships with local residents and businesses. CEO John R. Buran emphasized the importance of community engagement and the introduction of improved digital services for customers. Flushing Bank has been serving the New York Metropolitan area since 1929, offering a range of financial products and personalized services.
Flushing Financial Corporation (Nasdaq: FFIC) announced the lease of a new full-service branch in Hauppauge Industrial Park, Suffolk County. The new location aims to enhance the Bank's presence and relationships within the local business community, building on its prior acquisition of Empire National Bank. The branch is expected to open later this year, further expanding Flushing Bank's operations in a key market area.
The Company reported its first quarter 2022 results with a GAAP EPS of $0.58, down 3.3% YoY, while Core EPS rose 13.0% YoY to $0.61. Net interest income reached a record $63.5 million, increasing 4.2% YoY, with a NIM of 3.36%, up 18 bps YoY. Loan closings surged 65% YoY, attributed to economic recovery in New York City. The Company returned 84% of earnings through dividends and share repurchases. Nonperforming loans decreased 5.8% QoQ. However, average loans declined 1.8% YoY, and noninterest income fell 79.2% YoY.
Flushing Financial Corporation (Nasdaq: FFIC) announced that President and CEO John R. Buran will present at the Sidoti & Company Spring Small Cap Virtual Conference on March 23, 2022, at 10:45 AM ET. The presentation will provide insights into the company's performance and future outlook. Additionally, Buran and CFO Susan K. Cullen will hold virtual one-on-one meetings with investors on the same day. Registration for both the presentation and meetings is free and can be done through Sidoti's website. Flushing Bank is known for its personalized banking services across New York.
Flushing Financial Corporation (Nasdaq: FFIC) announced it will release its first quarter 2022 earnings on April 26, 2022, after the market close. A conference call to discuss the results will be held on April 27, 2022, at 9:30 AM (ET), hosted by CEO John R. Buran and CFO Susan K. Cullen. The call can be accessed by dialing 1-877-509-5836 or via a webcast. Flushing Bank, established in 1929, offers a range of banking services and aims to serve multicultural communities in New York.
Flushing Financial Corporation (Nasdaq: FFIC) announced a quarterly dividend increase to $0.22 per share, up by $0.01 from the previous quarter. This dividend is payable on March 25, 2022, to shareholders of record as of March 11, 2022. The CEO noted that this increase reflects record earnings in 2021 and ongoing positive momentum into 2022, driven by economic recovery and a robust loan pipeline. Flushing Bank operates across New York, offering a range of banking services since 1929.
Flushing Financial Corporation (Nasdaq: FFIC) has eliminated overdraft, insufficient funds, and transfer fees on consumer checking accounts for its Flushing Bank, iGObanking®, and BankPurely® customers. This initiative aims to enhance customer relationships and provide added value, differentiating the bank from competitors. CEO John R. Buran emphasized the bank's commitment to customer satisfaction and community service as its operational foundation. Flushing Bank, with a rich history since 1929, offers a range of financial services across New York and online.
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