Flushing Finl Corp Stock Price, News & Analysis

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.

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.

On January 26, 2023, the Company reported fourth quarter 2022 GAAP EPS of $0.34, down 41.4% YoY, with full year GAAP EPS of $2.50, a decline of 3.5% YoY. Core EPS for 4Q22 was $0.57, down 14.9% YoY. The decline in net interest income to $54.2 million reflected higher funding costs, with a net interest margin (NIM) of 2.70%. Nonperforming loans rose to $32.4 million, while average loans increased by 4.9% YoY. The Company repurchased 374,862 shares at an average price of $20.16 and returned 71% of earnings to shareholders in 2022. The earnings call is scheduled for January 27, 2023, to discuss these results and future strategies.

Flushing Financial Corporation (Nasdaq: FFIC) participated in NYC Scholarship Month, presenting a Community Scholarship check to support the NYC Kids RISE Save for College Program at P.S. 22Q Thomas Jefferson Elementary School. This initiative aims to enhance college and career opportunities for kindergarten and first-grade students, irrespective of their financial background. The event, attended by community leaders and parents, underscores the bank's commitment to local educational initiatives. CEO John R. Buran highlighted the bank's role in promoting economic opportunity and asset-building through grassroots support for students' futures.

Flushing Financial Corporation (Nasdaq: FFIC) announced the passing of Michael J. Russo, a retired member of its Board of Directors, on January 9, 2023. Russo had served on the Board since the Company's formation in 1994 and was known for his extensive experience in various industries, including mechanical contracting and aviation. His leadership and insights were deeply valued by the organization. CEO John R. Buran and Chairman Alfred A. DelliBovi expressed their condolences, highlighting Russo's significant contributions to the Company and the Bank.

Flushing Financial Corporation (Nasdaq: FFIC) announced the retirement of Board Member Michael J. Russo, effective January 4, 2023. Russo had a long tenure as a director since 1994 for the company and since 1984 for Flushing Bank. His contributions included serving as Chairman of the Compensation Committee and participation in various other board committees. CEO John R. Buran and Chairman Alfred A. DelliBovi acknowledged Russo's invaluable service and insights during his tenure.

Flushing Financial Corporation (Nasdaq: FFIC) announced a revision in the timing for its fourth quarter and full year 2022 earnings release, now set for January 26, 2023, after market close. The company’s executives will discuss the results on a conference call scheduled for January 27, 2023, at 9:30 AM ET. Flushing Bank, a New York-chartered commercial bank, continues to build relationships in its communities while offering a range of banking services, including mortgage solutions and online banking through iGObanking and BankPurely brands.

Flushing Financial Corporation (Nasdaq: FFIC) announced its fourth quarter and full year 2022 earnings release scheduled for January 24, 2023, after market close. A conference call will follow on January 25, 2023, at 9:30 AM ET, hosted by CEO John R. Buran and CFO Susan K. Cullen, discussing the results and strategy moving forward. Flushing Bank, a New York State-chartered commercial bank, provides a range of banking services and continues to build relationships across its diverse communities since 1929.