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Flushing Financial (FFIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors need to pay close attention to FFIC stock based on the movements in the options market lately.
Shares of several New York-based banks and real estate investment trusts fell on Wednesday as Zohran Mamdani's lead in New York City's Democratic mayoral primary stoked concerns that his proposed rent freeze could pressure building owners.
The asset mix can continue to deteriorate because the trade war will limit good lending opportunities. This will squeeze the margin. The margin will benefit from upcoming re-pricing opportunities. I'm expecting an adjusted EPS of $0.89 per share. Meanwhile, the dividend payout will likely be quite close to the EPS at $0.88 per share for 2025.
Flushing Financial Corporation (NASDAQ:FFIC ) Q1 2025 Earnings Conference Call April 30, 2025 9:30 AM ET Company Participants John Buran - President and Chief Executive Officer Susan Cullen - Senior Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Chris O'Connell - KBW Mark Fitzgibbon - Piper Sandler Steve Moss - Raymond James Operator Welcome to Flushing Financial Corporation's First Quarter 2025 Operating Results Conference Call. Hosting the call today are John Buran, President and Chief Executive Officer; and Susan Cullen, Senior Executive Vice President, Chief Financial Officer and Treasurer.
Although the revenue and EPS for Flushing Financial (FFIC) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Flushing Financial (FFIC) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.14 per share a year ago.
Under balance sheet restructuring transactions, Flushing Financial has recently offloaded low-yielding securities and FHLB borrowings. The restructuring will lift the margin. A sizable chunk of costly certificates of deposits will mature in 1H 2025; thereby providing the opportunity to significantly lower deposit costs. I'm raising my 2025 EPS estimate to $1.16 mostly because I've raised my margin estimates.
Flushing Financial Corporation (NASDAQ:FFIC ) Q4 2024 Earnings Conference Call January 29, 2025 9:30 AM ET Company Participants John Buran - President and CEO Susan Cullen - Senior EVP, CFO and Treasurer Conference Call Participants Mark Fitzgibbon - Piper Sandler Steve Moss - Raymond James Manuel Navas - D.A. Davidson Operator Welcome to Flushing Financial Corporation's Fourth Quarter and Full Year 2024 Operating Results Conference Call.
Although the revenue and EPS for Flushing Financial (FFIC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.