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.
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.
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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.