Flushing Finl Corp Stock Price, News & Analysis

Flushing Financial Corporation (Nasdaq: FFIC) has released its inaugural Environmental, Social, and Governance (ESG) Report, highlighting its commitment to community engagement. CEO John R. Buran emphasized the significance of this report in showcasing the company's efforts in volunteerism, community grants, and financing support for affordable housing and small businesses. Flushing Bank aims to enhance its ESG strategy as new opportunities arise, ultimately delivering value to its multicultural customer base.

Flushing Financial Corporation (Nasdaq: FFIC) announces the opening of a new branch at 85-15 Queens Boulevard, Elmhurst, NY. This expansion aims to strengthen its presence in Queens, focusing on serving the diverse local community. CEO John R. Buran emphasizes the importance of digital services for customer convenience and community engagement through financial support for local organizations. Flushing Bank offers a wide range of banking services and has a legacy of relationship-building since 1929.

Flushing Financial Corporation (Nasdaq: FFIC) announced its sponsorship of the United Way of Long Island's SunFunders Challenge, aimed at converting their headquarters into a net-zero building, projected to save over $65,000 annually. The initiative aligns with Flushing Bank's ongoing support for United Way programs, allowing them to better serve families in need. The event underscores the bank's commitment to community engagement and sustainable practices, providing significant long-term benefits for both the organization and local families.

Flushing Financial Corporation (Nasdaq: FFIC) announced a 1 million share increase in its stock repurchase program with no expiration date. Following the purchase of 147,307 shares at an average of $21.83, a total of 1.3 million shares remain authorized. The Board also declared a quarterly dividend of $0.22 per share, highlighting a commitment to shareholders with the 103rd consecutive dividend. CEO John R. Buran expressed confidence in future growth driven by a strengthening local economy and a robust loan pipeline.

Flushing Financial Corporation (Nasdaq: FFIC) announced plans to open a new full-service branch at 85-15 Queens Boulevard, Elmhurst, NY, in June 2022. This expansion aims to strengthen the bank's presence in the diverse Queens market and enhance relationships with local residents and businesses. CEO John R. Buran emphasized the importance of community engagement and the introduction of improved digital services for customers. Flushing Bank has been serving the New York Metropolitan area since 1929, offering a range of financial products and personalized services.

Flushing Financial Corporation (Nasdaq: FFIC) announced the lease of a new full-service branch in Hauppauge Industrial Park, Suffolk County. The new location aims to enhance the Bank's presence and relationships within the local business community, building on its prior acquisition of Empire National Bank. The branch is expected to open later this year, further expanding Flushing Bank's operations in a key market area.

The Company reported its first quarter 2022 results with a GAAP EPS of $0.58, down 3.3% YoY, while Core EPS rose 13.0% YoY to $0.61. Net interest income reached a record $63.5 million, increasing 4.2% YoY, with a NIM of 3.36%, up 18 bps YoY. Loan closings surged 65% YoY, attributed to economic recovery in New York City. The Company returned 84% of earnings through dividends and share repurchases. Nonperforming loans decreased 5.8% QoQ. However, average loans declined 1.8% YoY, and noninterest income fell 79.2% YoY.

Flushing Financial Corporation (Nasdaq: FFIC) announced that President and CEO John R. Buran will present at the Sidoti & Company Spring Small Cap Virtual Conference on March 23, 2022, at 10:45 AM ET. The presentation will provide insights into the company's performance and future outlook. Additionally, Buran and CFO Susan K. Cullen will hold virtual one-on-one meetings with investors on the same day. Registration for both the presentation and meetings is free and can be done through Sidoti's website. Flushing Bank is known for its personalized banking services across New York.