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) 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.
Flushing Financial Corporation (Nasdaq: FFIC) announced it will release its first quarter 2022 earnings on April 26, 2022, after the market close. A conference call to discuss the results will be held on April 27, 2022, at 9:30 AM (ET), hosted by CEO John R. Buran and CFO Susan K. Cullen. The call can be accessed by dialing 1-877-509-5836 or via a webcast. Flushing Bank, established in 1929, offers a range of banking services and aims to serve multicultural communities in New York.
Flushing Financial Corporation (Nasdaq: FFIC) announced a quarterly dividend increase to $0.22 per share, up by $0.01 from the previous quarter. This dividend is payable on March 25, 2022, to shareholders of record as of March 11, 2022. The CEO noted that this increase reflects record earnings in 2021 and ongoing positive momentum into 2022, driven by economic recovery and a robust loan pipeline. Flushing Bank operates across New York, offering a range of banking services since 1929.
Flushing Financial Corporation (Nasdaq: FFIC) has eliminated overdraft, insufficient funds, and transfer fees on consumer checking accounts for its Flushing Bank, iGObanking®, and BankPurely® customers. This initiative aims to enhance customer relationships and provide added value, differentiating the bank from competitors. CEO John R. Buran emphasized the bank's commitment to customer satisfaction and community service as its operational foundation. Flushing Bank, with a rich history since 1929, offers a range of financial services across New York and online.
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