Welcome to our dedicated page for Flushing Finl news (Ticker: FFIC), a resource for investors and traders seeking the latest updates and insights on Flushing Finl stock.
Flushing Financial Corp (FFIC), a leading provider of banking and real estate lending solutions, maintains this centralized hub for all official news and financial updates. Investors and industry observers will find timely information about earnings reports, regulatory developments, and strategic initiatives that shape the company's position in the financial sector.
This resource aggregates FFIC's press releases and verified news coverage, offering insights into key operational areas including multi-family residential financing, commercial lending practices, and digital banking innovations through its igobanking.com® platform. Users can track updates on risk management strategies, deposit service enhancements, and market expansion efforts.
The curated collection includes essential updates such as quarterly earnings disclosures, leadership announcements, regulatory compliance milestones, and product launches. Content is organized to help stakeholders assess FFIC's financial stewardship and conservative credit culture while monitoring industry trends affecting regional banking.
Bookmark this page for streamlined access to Flushing Financial Corp's evolving story, with verified information supporting informed analysis of its performance in commercial real estate lending and digital financial services.
Flushing Financial Corporation (Nasdaq: FFIC) and Empire Bancorp, Inc. (OTC: EMPK) have mutually agreed not to terminate their merger agreement originally dated October 24, 2019. This decision allows for continued discussions regarding an extension to finalize the merger, which is pivotal for both institutions. The merger aims to enhance operational synergies and expand market reach among consumer and business banking services across New York.
Flushing Financial Corporation (Nasdaq-GS: FFIC) reported strong second quarter results for 2020, with GAAP diluted EPS of $0.63, a significant improvement from ($0.05) in Q1 2020. The company achieved record GAAP net interest income of $48.7 million, up 19.3% QoQ, and a net interest margin of 2.87%, reflecting a rise of 43bps. Although the provision for credit losses increased to $9.6 million due to COVID-19, the loan pipeline remains robust at $310.8 million. Non-performing assets saw an uptick of 51% year-over-year, raising concerns about credit quality amidst economic challenges.
Flushing Financial Corporation (Nasdaq: FFIC) announced its participation in the Federal Reserve's Main Street Lending Program, aimed at aiding small and medium-sized businesses affected by the COVID-19 pandemic. The bank is one of only nine lenders approved in New York to accept applications for the program, which includes three facilities to support lending. CEO John R. Buran emphasized the bank's role in supporting local economic recovery during the healthcare crisis.
Flushing Financial Corporation (Nasdaq: FFIC) announced its Bank has secured a second round of funding from the FHLBNY Small Business Recovery Grant Program, aimed at aiding local small businesses and non-profits impacted by COVID-19. The funds will support the financial stability of affected workers. CEO John R. Buran emphasized the bank's commitment to community recovery during these challenging times. With a focus on economic support, this initiative underscores the bank's role in assisting struggling organizations in their market area.
Flushing Financial Corporation (Nasdaq: FFIC) will release its second-quarter 2020 earnings on July 21, 2020, after market close. A conference call with CEO John R. Buran and CFO Susan K. Cullen is scheduled for July 22, 2020, at 9:30 AM ET to discuss results and strategies. The call can be accessed at 1-877-509-5836 or via webcast. Flushing Bank, a New York State-chartered entity, provides comprehensive banking services, focusing on real estate lending both in the New York City area and beyond.
Flushing Financial Corporation (Nasdaq: FFIC) announced that Flushing Bank has participated in the FHLBNY Small Business Recovery Grant Program, aimed at supporting local businesses and non-profits affected by the COVID-19 crisis. The Bank will distribute grant funds to alleviate financial hardships faced by these organizations, emphasizing its commitment to community support and economic recovery. President John R. Buran highlighted the role of small businesses and non-profits in revitalizing local economies as essential to recovery efforts.
Flushing Financial Corporation (Nasdaq: FFIC) announced a quarterly dividend of $0.21 per common share, payable on June 26, 2020, to shareholders of record as of June 12, 2020. President and CEO John R. Buran emphasized the company's strong capital position and commitment to delivering long-term value to shareholders. The bank offers various financial services across New York City, focusing on real estate lending and online banking solutions.
Flushing Financial Corporation (Nasdaq: FFIC) announced its approval to participate in the FHLBNY Small Business Recovery Grant Program on May 14, 2020. This initiative aims to support local small businesses and non-profit organizations in their market areas. President and CEO John Buran emphasized the importance of small businesses in economic recovery. Flushing Bank is committed to providing essential resources to foster community development amidst challenging times.
Flushing Financial Corporation (Nasdaq: FFIC) will hold its 2020 Annual Shareholder Meeting virtually on May 26, 2020, at 1:00 p.m. ET due to COVID-19 precautions. Shareholders, who must register using a 16-digit control number, will be able to vote and submit questions online. The meeting can be accessed starting at 12:45 p.m. ET. If shareholders have submitted proxies, their votes will be counted as instructed. Technical support will be available for attendees. Further details can be found on the company’s investor relations website.
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