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.
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.
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.