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.
The Company reported a record fourth quarter in 2021 with GAAP EPS of $0.58, a 427% increase YoY, and Core EPS of $0.67, up 16% YoY. Total net interest income rose to $62.7 million, up 12.5% YoY, despite a marginal QoQ decline of 1.1%. Loans, excluding PPP, increased 3.7% annualized in 4Q21, with loan closings up 49% QoQ. The Company's capital ratios improved, with tangible common equity rising to 8.22%. A one-time increase in employee compensation of $4.3 million was recorded. The company returned 56% of earnings to shareholders through dividends and share repurchases.
Flushing Financial Corporation (Nasdaq: FFIC) announced a partnership with NYDIG to offer bitcoin services to its customers, set to launch in Q1 2022. This initiative reflects the company's commitment to digital transformation and responding to consumer demand for alternative financial services. Customers will have the ability to buy, sell, and hold bitcoin securely. NYDIG's technology complies with the highest industry standards, ensuring regulatory adherence and improved customer banking experiences. This move is expected to enhance Flushing Bank's service offerings and strengthen its market position.
Flushing Financial Corporation (Nasdaq: FFIC) has rescheduled its fourth quarter 2021 earnings conference call to January 28, 2022, at 11:00 AM ET. The call can be accessed via dial-in numbers or through a webcast. Flushing Bank, established in 1929, serves communities across New York with a range of banking services, including deposits, loans, and cash management. The Bank emphasizes personalized customer service and multicultural communication.
Flushing Financial Corporation (Nasdaq: FFIC) announced plans to eliminate overdraft, insufficient funds, and transfer fees on consumer checking accounts for its Flushing Bank, iGObanking®, and BankPurely® customers. CEO John R. Buran emphasized the company's commitment to enhancing customer relationships by providing added value, distinguishing itself from other financial institutions. This move aims to attract and retain customers in a competitive banking landscape.
Flushing Financial Corporation (Nasdaq: FFIC) announced the appointment of Douglas J. McClintock as Senior Executive Vice President and General Counsel, effective January 3, 2022. McClintock brings extensive experience in banking law, having served at Emigrant Bank and advised Flushing Financial on various banking matters and mergers. CEO John R. Buran expressed confidence in McClintock's ability to enhance the company's executive team with his background in regulatory issues, capital raising, and acquisitions.
Flushing Financial Corporation (Nasdaq: FFIC) has announced the release date for its fourth quarter 2021 earnings, set for January 27, 2022. President John R. Buran and CFO Susan K. Cullen will lead a conference call on January 28 at 9:30 AM (ET) to discuss the results and strategic outlook. Interested listeners can join via phone or through a webcast. Flushing Bank, under FFIC, serves a range of clients in New York, offering comprehensive banking services, including real estate lending and online banking options.
Flushing Financial Corporation (Nasdaq: FFIC) partners with The Lonely Entrepreneur to provide minority entrepreneurs with free access to the TLE Learning Community for one year. This initiative aims to support local minority-owned businesses in Elmhurst and Jamaica, enhancing their chances of success in underserved markets. CEO John R. Buran emphasizes the bank's commitment to empowering these entrepreneurs. The program aligns with the Black Entrepreneur Initiative, which seeks to offer resources to 100,000 Black entrepreneurs nationwide.
Flushing Financial Corporation (Nasdaq: FFIC) announced a quarterly dividend of $0.21 per share, payable December 31, 2021 to shareholders of record by December 10, 2021. The decision was based on strong year-to-date financial performance and a solid capital position. The CEO highlighted ongoing franchise momentum, anticipating continued support from the reopening of the New York economy, competitor merger activity, and a record loan pipeline. This reflects confidence in the company’s growth prospects heading into 2022.
Flushing Financial Corporation (Nasdaq: FFIC) has successfully completed a $125 million offering of fixed-to-floating rate subordinated notes due 2031, with an initial coupon rate of 3.125%. The offering was oversubscribed, indicating strong investor interest. Proceeds will primarily be used to repay $90.3 million in outstanding subordinated debt with a higher average coupon rate of 5.41%, enhancing the company's financial flexibility. The strategic move aims to support the company's ongoing growth initiatives.
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