Flushing Financial

Flushing Financial Corp. operates as a bank holding company, which provides banking and financial services. Its principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, primarily in originations and purchases of multi-family residential properties, commercial business loans, commercial real estate mortgage loans, construction loans, small business administration loans and other small business loans, mortgage loans, U.S. government securities, corporate fixed-income securities and other marketable securities. The company was founded on May 9, 1994 and is headquartered in Uniondale, NY.

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Flushing Financial reports robust earnings amidst Fed challenges and growth opportunities

Flushing Financial's Q4 2022 earnings call highlighted strong financial performance, strategic focus on credit quality and liquidity, and challenges from Fed actions impacting margins. The company's emphasis on digital growth, new branch leases, and maintaining investment-grade ratings underscore its resilience and long-term vision.

Flushing Financial faces NIM challenges but focuses on growth strategies

Flushing Financial's Q1 2023 performance reflects challenges in NIM compression and credit charge-offs, with a focus on risk-adjusted returns and expense control.
Despite industry headwinds, the company maintains strengths in liquidity, credit quality, and digital innovation, positioning for long-term success.
Navigating challenges in loan growth and expenses, Flushing Financial seeks opportunities in digital engagement, client expansion, and strategic financial management.

Flushing Financial reports steady Q2 earnings amidst economic caution

Flushing Financial (FFIC) demonstrated steady earnings and growth in deposits, with a focus on risk-adjusted returns and expense controls.
The company's conservative underwriting approach led to a decrease in non-performing assets, despite modest loan growth.
While facing margin compression concerns, FFIC remains cautious about the economic environment but continues dividend payments.
Analysts' questions highlighted areas of scrutiny and potential challenges, but the company's actions show resilience and growth potential.

Flushing Financial reports stable Q3 earnings amidst market uncertainties

Flushing Financial (FFIC) demonstrates solid financial performance with a focus on risk management, liquidity, and customer engagement.
The company's strategic actions and strong real estate portfolio underscore resilience and stability in a challenging market environment.
While facing uncertainties, Flushing Financial aims to maintain profitability, navigate interest rate dynamics, and capitalize on growth opportunities in Asian markets.

Flushing Financial reports solid Q4 earnings amidst NIM opportunities

Flushing Financial's Q4 2023 performance showcased solid earnings and prudent financial management strategies. The company's strengths in low-risk assets and liquidity position provide a stable foundation for growth.
While facing challenges such as NIM pressure and margin compression, Flushing Financial has opportunities to deepen customer relationships, enhance digital banking offerings, and navigate interest rate dynamics effectively.
Overall, Flushing Financial's focus on stability, risk management, and customer-centric initiatives positions it well to address challenges and capitalize on growth opportunities in the evolving financial landscape.

Flushing Financial reports Q1 resilience amidst challenges and growth opportunities

Flushing Financial navigated challenges in Q1 2024 with resilience, focusing on maintaining credit quality, improving capital position, and enhancing profitability. Despite competitive pressures and weak loan demand, the company remains optimistic about NIM expansion, stable loan balances, and controlled expense growth for the year.

Flushing Financial reports solid Q2 earnings, eyes NIM improvement

Flushing Financial's Q2 performance reflects a focus on growth, risk management, and expense control. Despite challenges in NIM compression and regulatory discussions, the company is well-positioned to capitalize on opportunities for improvement and adapt to market changes.

Flushing Financial excels in Q3, eyes Asian market growth

Flushing Financial delivered strong financial performance with notable improvements in EPS and net interest margin.
While facing expense growth challenges, the company's solid credit metrics and deposit growth position it well for the future.
Strategic focus on Asian markets, community involvement, and capital stability offer avenues for growth and customer loyalty.

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Recent margin improvement looks very sustainable.

Flushing Financial: Profitability Improvement Provides Sizable Upside Potential

Flushing Financial Corporation (FFIC) CEO John Buran on Q4 2020 Results - Earnings Call Transcript

Flushing Financial (FFIC) delivered earnings and revenue surprises of 26.09% and -8.78%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Flushing Financial (FFIC) Q4 Earnings Beat Estimates

Flushing Financial Corporation Reports 4Q20 GAAP EPS of $0.11 and 2020 GAAP EPS of $1.18 4Q20 Core EPS of $0.58 and 2020 Core EPS of $1.70 Third Consecutive Quarter of Record Net Interest Income

UNIONDALE, N.Y., Jan. 05, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that it will release its fourth quarter 2020 earnings after the market closes on Thursday, January 28, 2021.

Flushing Financial Corporation to Host Fourth Quarter 2020 Earnings Call

UNIONDALE, N.Y., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that it will again participate in the Paycheck Protection Program (PPP) to provide much needed capital to small businesses within the communities it serves.

Flushing Bank Supports Local Communities Through its Continued Participation in the SBA Paycheck Protection Program

UNIONDALE, N.Y., Dec. 18, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that the Bank hosted two ribbon-cutting ceremonies at its new Islandia and Shirley locations in Suffolk County. These are two of the four locations resulting from the Bank's recent acquisition of Empire National Bank.  Members of Flushing Bank's management team were joined by several state and local elected officials at the event.

Flushing Bank Hosts Ribbon-Cutting Ceremonies at New Locations in Islandia and Shirley

Flushing Financial Corporation (FFIC) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: Flushing Financial Corp (FFIC)

UNIONDALE, N.Y., Dec. 14, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that the Bank has opened a new location at 89-12 Sutphin Boulevard, Jamaica, NY. 

Flushing Bank Opens a New Branch in Jamaica at 89-12 Sutphin Boulevard in Jamaica, NY

UNIONDALE, N.Y., Dec. 04, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced that the Bank plans to open a new location at 89-12 Sutphin Boulevard, Jamaica, NY.  This full-service branch will be opening later this month.

Flushing Bank Has Plans to Open a New Location on Sutphin Boulevard in Jamaica, NY

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Flushing Financial (FFIC) a Great Value Stock Right Now?

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.

Flushing Financial Corporation to hold virtual meetings with Institutional Investors

UNIONDALE, N.Y., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today the appointment of Douglas C. Manditch, former Chairman and Chief Executive Officer of Empire Bancorp, Inc. to its Board of Directors effective November 1, 2020.

Flushing Financial Corporation Appoints Douglas C. Manditch, former Chairman and Chief Executive Officer of Empire Bancorp, Inc. to Board of Directors

Is Flushing Financial (FFIC) Stock Undervalued Right Now?

UNIONDALE, N.Y., Nov. 02, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that Thomas M. Buonaiuto has joined Flushing Bank's Executive Team, effective October 31, 2020, as part of Flushing Financial's acquisition of Empire Bancorp.

Thomas M. Buonaiuto Joins Flushing Bank as Senior Executive Vice President, Chief of Staff and Deposit Channel Executive

UNIONDALE, N.Y., Oct. 30, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank, announced today that it completed its acquisition of Empire Bancorp, Inc. effective after the close of business on Friday, October 30, 2020. In connection with the acquisition, Empire National Bank was merged with and into Flushing Bank, and all four Empire National Bank branches will open as Flushing Bank branches on their next business day. The full system integration is planned for mid-November. The combined organization will have $8 billion in assets, $6.6 billion in loans, and $5.7 billion in deposits. Former Empire National Bank customers will receive additional information regarding the effects of this integration on their deposit and loan accounts.

Flushing Financial Corporation Closes Acquisition of Empire Bancorp, Inc.

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Why Flushing Financial Corp (FFIC) Stock is a Compelling Investment Case

Flushing Financial's (FFIC) CEO John Buran on Q3 2020 Results - Earnings Call Transcript

Flushing Financial Corporation Reports 3Q20 GAAP Earnings of $0.50 and Record Core Earnings Up 56% Driven by Record Net Interest Income

UNIONDALE, N.Y. and ISLANDIA, N.Y., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (Nasdaq: FFIC), parent company of Flushing Bank, and Empire Bancorp, Inc. (OTCQX: EMPK), parent company of Empire National Bank, announced today that Empire Bancorp has received the requisite approval of its shareholders for the merger of Empire Bancorp and Flushing Financial. As previously announced, the required regulatory approvals for the merger have already been obtained. Flushing Financial and Empire Bancorp also announced that the closing of the merger is scheduled for on or about October 31, 2020.

Flushing Financial Corporation and Empire Bancorp, Inc. Announce Receipt of Empire Shareholder Approval of Merger

UNIONDALE, N.Y., Sept. 30, 2020 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that it will release its third quarter 2020 earnings after the market closes on Tuesday, October 27, 2020.

Flushing Financial Corporation to Host Third Quarter 2020 Earnings Call

Empire Special Shareholder Meeting Date and Election Deadline Established Empire Special Shareholder Meeting Date and Election Deadline Established

Flushing Financial Corporation Announces Receipt of Remaining Regulatory Approvals for Acquisition of Empire Bancorp, Inc.

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UNIONDALE and ISLANDIA, N.Y., Aug.  17, 2020  (GLOBE NEWSWIRE) -- Today, John R. Buran, President and Chief Executive Officer of Flushing Financial Corporation (“Flushing”) (Nasdaq-GS:FFIC) announced, “I am pleased that our respective Boards have agreed to extend the timeframe for Flushing to complete the acquisition of Empire Bancorp Inc. (“Empire”) (OTC:EMPK), and we are now anticipating a fourth quarter close.

Flushing Financial Corporation and Empire Bancorp Inc. Agree to Complete Their Merger Under Extended Time Frame

UNIONDALE and ISLANDIA, N.Y., Aug.  03, 2020  (GLOBE NEWSWIRE) -- Flushing Financial Corporation (“Flushing”) (Nasdaq‑GS: FFIC), parent company of Flushing Bank, and Empire Bancorp, Inc. (“Empire”) (OTC: EMPK), announced today that they have each advised the other they will not exercise their respective rights to terminate the Agreement and Plan of Merger, dated October 24, 2019, as amended, as would otherwise be permitted after July 31st by the terms of the merger agreement.  Flushing and Empire are engaged in discussions for a longer term extension of time to complete the merger. 

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