First of Long Island

The First of Long Island Corp. is a holding company, through which its subsidiaries, engages in the provision of financial services. It offers personal banking, business banking and lending services to individual, professional, corporate, institutional, and government customers. The company was founded on February 7, 1984 and is headquartered in Glen Head, NY.

Earnings data Q1 2021

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

First of Long Island (FLIC) reports record 2022 performance, eyes challenges in 2023

First of Long Island (FLIC) delivered strong financial results in 2022 but faces challenges in 2023 amid interest rate increases impacting margins. Strategic branch expansions and stock repurchases reflect confidence in growth prospects. Opportunities lie in non-interest income growth and tax optimization for enhanced profitability.

First of Long Island (FLIC) reports Q1 earnings decline amid margin challenges

First of Long Island (FLIC) faces challenges from margin compression and rising interest rates but maintains stability in deposits and a focus on expense control.
The bank's performance in Q1 2023 saw a decrease in net income compared to the previous year, with a continued emphasis on commercial lending.
FLIC's strong capital position and proactive risk management strategies position it well for potential share repurchases and strategic growth opportunities.

First of Long Island (FLIC) reports Q2 growth and strategic focus

First of Long Island Corporation (FLIC) reported growth in assets, loans, and deposits in Q2 2023. Despite challenges like margin decline and efficiency ratio increase, the bank's strong capital position and strategic initiatives position it well for future opportunities.

First of Long Island (FLIC) maintains steady performance amidst changes

FLIC's Q3 performance remained steady with consistent earnings and improved net interest margin, supported by growth in core business metrics.
While facing challenges such as postponed technology upgrades and management changes, FLIC continues to capitalize on strengths like cost-saving initiatives and branch consolidation.
Opportunities lie in the new executive appointments and potential for further operational efficiencies and revenue generation through strategic partnerships.

First of Long Island reports Q4 earnings decline, eyes 2024 growth

FLIC's 2023 performance saw a decline in net income attributed to lower net interest margin.
Despite challenges in Q4 2023, FLIC aims for margin recovery and cost optimization in 2024.
Opportunities lie in improving margins, growing noninterest income, and addressing analyst concerns for future enhancements.

First of Long Island reports Q1 income dip, eyes growth

FLIC's Q1 2024 performance reflected a decline in net income but showcased strong capital position, loan growth, and effective expense management.
While facing challenges such as lower net interest margin and declining gross loans, FLIC has opportunities to leverage its stable deposit base and focus on margin improvement.
Strategic initiatives like share repurchases and dividend declarations demonstrate FLIC's commitment to enhancing shareholder value amidst evolving market conditions.

First of Long Island (FLIC) reports robust Q2 performance

FLIC's Q2 2024 performance showcased strength in financial metrics and strategic focus on commercial lending.
While challenges like shifting loan portfolios exist, opportunities in expanding relationships and optimizing income streams are evident.
Maintaining a strong capital position and managing expenses will be crucial for sustained growth.
Strategic use of excess cash and a focus on key financial ratios position FLIC well for future opportunities.

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The First of Long Island Corp. is a holding company, through which its subsidiaries, engages in the provision of financial services. It offers personal banking, business banking and lending services to individual, professional, corporate, institutional, and government customers. The company was founded on February 7, 1984 and is headquartered in Melville, NY.

Demonstrates Responsiveness to Investor Input and Commitment to Increasing Shareholder Value Demonstrates Responsiveness to Investor Input and Commitment to Increasing Shareholder Value

The First of Long Island Corporation Announces Additional Board Refreshment as Part of Ongoing Commitment to Strong Corporate Governance

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MELVILLE, N.Y., Nov. 01, 2022 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island, announced that on October 27, 2022, Edward J. Haye was elected to the Board of Directors of the Corporation and the Bank, effective November 15, 2022.

The First of Long Island Corporation Announces the Election of Edward J. Haye to the Board of Directors

The First of Long Island Corporation (NASDAQ:FLIC ) Q3 2022 Earnings Conference Call October 27, 2022 3:00 PM ET Company Participants Chris Becker – President and Chief Executive Officer Jay McConie – Chief Financial Officer Bill Aprigliano – Chief Accounting Officer Conference Call Participants Alex Twerdahl - Piper Samer Chris O'Connell - KBW Operator Welcome to the First of Long Island Corporation's Third Quarter 2022 Earnings Conference Call. On the call today are Chris Becker, President and Chief Executive Officer; Jay McConie, Chief Financial Officer; and Bill Aprigliano, Chief Accounting Officer.

The First of Long Island Corporation (FLIC) Q3 2022 Earnings Call Transcript

MELVILLE, N.Y., Oct. 27, 2022 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island, reported increases in net income and earnings per share for the three and nine months ended September 30, 2022. In the highlights that follow, all comparisons are of the current three or nine-month period to the same period last year unless otherwise indicated.

The First of Long Island Corporation Reports Earnings for the Third Quarter of 2022

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Why The First of Long Island (FLIC) is a Top Dividend Stock for Your Portfolio

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The First of Long Island (FLIC) is a Top Dividend Stock Right Now: Should You Buy?

MELVILLE, N.Y., Oct. 07, 2022 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) will host an earnings conference call on October 27, 2022 at 3:00 pm Eastern time to discuss third quarter results. Financial results will be released before the market opens on the same day.

The First of Long Island Corporation Announces Third Quarter Earnings Conference Call

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MELVILLE, N.Y., Sept. 30, 2022 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a third quarter cash dividend in the amount of $.21 per share. This represents a 5.0% increase over the dividend of $.20 per share declared in the same quarter last year. The dividend will be paid on October 21, 2022 to shareholders of record on October 12, 2022.

The First of Long Island Corporation Announces 5.0% Increase in Quarterly Cash Dividend to $.21 Per Share

This is Why The First of Long Island (FLIC) is a Great Dividend Stock

The First of Long Island (FLIC) Could Be a Great Choice

The return metrics are strong with The First Of Long Island. The company has had to adjust to a rapidly rising rate environment and should see the benefit of better rates next year.

The First Of Long Island: Solid Yielding Bank To Own Under $20

Why The First of Long Island (FLIC) is a Great Dividend Stock Right Now

The First of Long Island Corporation (NASDAQ:FLIC ) Q2 2022 Earnings Conference Call July 28, 2022 3:00 PM ET Company Participants Chris Becker – President and Chief Executive Officer Jay McConie – Chief Financial Officer Bill Aprigliano – Chief Accounting Officer Conference Call Participants Alex Twerdahl – Piper Sandler Chris O'Connell – KBW Operator Welcome to The First of Long Island Corporation's Second Quarter 2022 Earnings Conference Call. On the call today are Chris Becker, President and Chief Executive Officer; Jay McConie, Chief Financial Officer; and Bill Aprigliano, Chief Accounting Officer.

The First of Long Island Corporation's (FLIC) CEO Chris Becker on Q2 2022 Results - Earnings Call Transcript

MELVILLE, N.Y., July 28, 2022 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island, reported increases in net income and earnings per share for the three and six months ended June 30, 2022. In the highlights that follow, all comparisons are of the current three or six-month period to the same period last year unless otherwise indicated.

The First Of Long Island Corporation Reports Earnings For The Second Quarter Of 2022

GLEN HEAD, N.Y., July 01, 2022 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a second quarter cash dividend in the amount of $.20 per share. This represents a 5.3% increase over the dividend of $.19 per share declared in the same quarter last year. The dividend will be paid on July 22, 2022 to shareholders of record on July 14, 2022.

The First of Long Island Corporation Announces Second Quarter Cash Dividend of $.20 Per Share

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Thanks to regional economic factors, the loan portfolio will continue to grow at a decent level for the remainder of the year. Due to the combination of sticky earning-asset yields and flexible deposit costs, the net interest margin is inversely proportional to interest rate hikes this year.

First of Long Island: Capable Of Weathering Higher Interest Rates

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The First of Long Island (FLIC) delivered earnings and revenue surprises of 8.33% and 2.04%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

The First of Long Island (FLIC) Q1 Earnings and Revenues Surpass Estimates

News for First of Long Island Stock (FLIC)