FFIC Stock Recent News

Flushing Financial (FFIC) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.26 per share a year ago.

Flushing Financial's earnings are under pressure due to increased interest expenses and loss on fair value adjustments in Q1 2024. Despite weak Q1 results, the bank's loan book quality remains strong with low LTV ratios and manageable past due loans. The bank is expected to see an increase in net interest income as loans are repriced, leading to a potential positive impact on the bottom line.

Loan growth will improve after the first quarter's dismal performance. New York's recent economic recovery will likely drive loan growth. The net interest margin will most probably stabilize soon as deposit migration will wane. FFIC is offering an attractive dividend yield of 6.7%. There is a risk of a dividend cut. However, most probably FFIC will ride out 2024 without any dividend cuts.

Investors need to pay close attention to Flushing Financial (FFIC) stock based on the movements in the options market lately.

Flushing Financial Corporation (NASDAQ:FFIC ) Q1 2024 Earnings Conference Call April 24, 2024 9:30 AM ET Company Participants John Buran - President and CEO Susan Cullen - SEVP, CFO and Treasurer Conference Call Participants Mark Fitzgibbon - Piper Sandler & Co. Steve Moss - Raymond James Manuel Navas - DA Davidson Chris O'Connell - KBW Operator Good day, and welcome to the Flushing Financial Corporation's First Quarter 2024 Earnings Conference Call. Hosting the call today are John Buran, President and Chief Executive Officer; and Ms.

While the top- and bottom-line numbers for Flushing Financial (FFIC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

UNIONDALE, NY / ACCESSWIRE / March 21, 2024 / Flushing Financial Corporation (the "Company") (Nasdaq-GS:FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its first quarter 2024 earnings after the market closes on April 23, 2024. John R. Buran, President and Chief Executive Officer, and Susan K.

SASR, FFIC and BAP made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 29, 2023.

Flushing Financial Corporation (FFIC) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Flushing Financial (FFIC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.