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 Corporation (NASDAQ: FFIC), the holding company for Flushing Bank, generates a steady flow of news related to its commercial banking operations, financial performance, and strategic initiatives. The company’s disclosures highlight its focus on serving families, business owners, and communities through branches in Queens, Brooklyn, Manhattan, and Long Island, as well as through nationwide online banking brands iGObanking and BankPurely.
News coverage for FFIC often includes quarterly and annual earnings announcements, where management discusses net interest margin trends, deposit growth, credit quality metrics, and capital levels. These updates provide insight into the bank’s loan portfolio, which the company describes as heavily secured by real estate with conservative underwriting and a focus on maintaining a low‑risk credit profile.
Investors can also expect regular press releases on dividend declarations, reflecting the company’s long history of paying quarterly dividends since its first dividend in 1996. Additional items include notices of investor presentations, conference participation, and detailed materials on topics such as multifamily lending and portfolio management.
Strategic and corporate developments are another important news category. For example, Flushing Financial and OceanFirst Financial Corp. have announced a definitive merger agreement that, if completed, would combine the two organizations and result in the merger of Flushing Bank into OceanFirst Bank, N.A. Company filings describe the transaction structure and related equity investment by affiliates of funds managed by Warburg Pincus.
This FFIC news page brings together these types of updates—earnings releases, dividends, branch expansion announcements, investor events, and merger‑related disclosures—so readers can follow how Flushing Financial’s strategy, balance sheet, and corporate actions evolve over time.
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In its first quarter of 2023, the company reported lower-than-expected results due to a challenging interest rate environment, with net income at $5.16 million, a 71.7% decrease year-over-year. Despite this, deposits increased by 6.2% year-over-year to reach $6.8 billion, reflecting strong customer relationships. The net interest margin (NIM) decreased to 2.27%, down from 2.70% in the prior quarter, primarily due to liabilities repricing faster than assets. The company took decisive actions to stabilize its business model, including moving towards an interest rate-neutral position and tightening expense controls. Key financial metrics include a tangible common equity ratio of 7.73%. A loss was incurred on the charge-off of a $9.2 million business credit. A conference call discussing these results is scheduled for April 26, 2023.
Flushing Financial Corporation (Nasdaq: FFIC) announced that Michael Bingold, the Senior Executive Vice President at Flushing Bank, received the Community Achievement Award at the RotaCare 2023 Caregivers’ Ball. President and CEO John R. Buran expressed pride in Bingold's recognition, highlighting his contributions to community organizations. Flushing Bank, part of Flushing Financial Corporation, has operated since 1929, offering a range of banking services across New York. The bank focuses on personalized customer service and includes online banking options under its iGObanking and BankPurely brands. The press release also contains a 'Safe Harbor' statement addressing potential forward-looking risks and uncertainties affecting the company's performance.
Flushing Financial Corporation (Nasdaq: FFIC) participated in the Queens Tech + Innovation Challenge, announced on March 29, 2023. The company, being the exclusive bank sponsor, expressed pride in supporting the initiative aimed at establishing Queens as a hub for innovation and technology. CEO John R. Buran emphasized the importance of community engagement and the role of businesses in local economic prosperity. Flushing Bank has served the community since 1929, offering a range of banking services while focusing on personalized customer relationships. The company's commitment to local businesses and the involvement in the tech challenge reflects its mission to go beyond traditional banking services.
Flushing Financial Corporation (Nasdaq: FFIC) announced the opening of a new branch at 160 Adams Street, Hauppauge, NY, bolstering its presence in Suffolk County. CEO John R. Buran emphasized the strategic importance of this location, designed to serve both the local business community and the Long Island Innovation Park. This expansion is part of Flushing Bank's ongoing commitment to building customer relationships and enhancing services since its acquisition of Empire National Bank. Flushing Bank offers a comprehensive range of banking services and products, catering to a diverse clientele in the New York metropolitan area.
Flushing Financial Corporation (Nasdaq: FFIC) announced it will release its Q1 2023 earnings on April 25, 2023, after market close. The earnings call is scheduled for April 26, 2023, at 9:30 AM (ET), hosted by CEO John R. Buran and CFO Susan K. Cullen. Investors can participate by calling 1-877-509-5836 or accessing the livestream via a provided link. Flushing Bank, the operating bank of the corporation, offers a range of financial products and services, fostering long-standing relationships across New York and beyond. The bank emphasizes personalized customer service and operates both online and through physical branches.
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Flushing Financial Corporation (Nasdaq: FFIC) announced a quarterly dividend of $0.22 per common share, payable on March 31, 2023, to shareholders of record by March 10, 2023. This marks the 107th consecutive quarterly dividend, underscoring the company's commitment to returning capital to shareholders. In 2022, approximately 71% of earnings were returned through dividends and share repurchases. The company's dividends have grown at a 15% compounded annual growth rate since their inception in 1996, reflecting a strong track record of shareholder value creation.
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