Welcome to our dedicated page for First Long Is news (Ticker: FLIC), a resource for investors and traders seeking the latest updates and insights on First Long Is stock.
The First of Long Island Corporation (Nasdaq: FLIC) is the parent of The First National Bank of Long Island, a full service commercial bank serving business and consumer clients on Long Island and in New York City. This news page aggregates company announcements, earnings releases and other public updates related to FLIC and its banking subsidiary.
Readers can review detailed earnings reports that discuss net interest income, noninterest income, provisions for credit losses, operating expenses and key performance metrics such as net interest margin, return on average assets and return on average equity. These releases also describe trends in deposits, loans, liquidity, borrowing lines and capital ratios, providing insight into the Corporation’s financial condition.
The Corporation regularly issues dividend announcements describing quarterly cash dividends declared on its common stock, including payment dates and record dates. News items also cover topics such as branch optimization efforts, merger-related expenses, and commentary from management on the operating environment and strategic priorities.
In addition, external legal and market communications may appear in the news feed, such as law firm notices related to the proposed merger with ConnectOne Bancorp, Inc. These items offer context on how third parties are evaluating significant corporate events.
By following this page, investors and observers can track FLIC’s periodic results, dividend decisions, merger developments and other disclosures that the Corporation and external parties release through newswires. For complete financial details, the company refers readers to its Form 10-K and Form 10-Q filings with the U.S. Securities and Exchange Commission.
First of Long Island Corporation reported Q1 2025 earnings with net income of $3.8 million ($0.17 per share), compared to $4.4 million ($0.20 per share) in Q1 2024. The bank saw a 3.6% increase in net interest income of $661,000, though this was offset by higher expenses.
Key performance metrics include:
- ROA: 0.37%
- ROE: 3.98%
- Net interest margin: 1.91%
- Strong capital position with 10.29% leverage ratio
Notable changes include a $2.0 million decrease in interest expense, partially offset by a $1.4 million decrease in interest income. The bank maintains strong credit quality with an allowance for credit losses at 0.89% of total loans. Total deposits declined by $51.9 million year-over-year, while available liquidity stood at $878.1 million. The quarterly cash dividend remained steady at $0.21 per share.
The First of Long Island (Nasdaq: FLIC) has declared a first quarter cash dividend of $0.21 per share, scheduled for payment on April 3, 2025 to shareholders of record as of March 24, 2025.
The company, through its subsidiary The First National Bank of Long Island, operates under the brand First National Bank LI, serving business and consumer needs across Long Island and New York City. The bank specializes in providing comprehensive banking services including lending, deposit, and investment products, with a focus on delivering exceptional service to small and middle market businesses, professional firms, non-profits, municipalities, and consumers.
The First of Long Island (FLIC) reported financial results for 2024, with net income of $17.1 million and diluted EPS of $0.75, compared to $26.2 million and $1.16 in 2023. The company experienced a 15.7% decline in net interest income of $13.6 million, while noninterest income increased by 22.8% year-over-year.
Key performance metrics for 2024 included an ROA of 0.40%, ROE of 4.49%, efficiency ratio of 79.00%, and net interest margin of 1.83%. The company maintained strong asset quality with a stable reserve coverage ratio of 0.88%. The company is preparing for its pending merger with ConnectOne Bancorp, Inc., and declared a quarterly cash dividend of $0.21 per share.
The First of Long Island (Nasdaq: FLIC) has declared a fourth quarter cash dividend of $0.21 per share. The dividend will be paid on January 9, 2025 to shareholders of record on December 31, 2024. The company operates through The First National Bank of Long Island, branded as First National Bank LI, serving business and consumer needs on Long Island and New York City with various lending, deposit, investment, and digital products. The bank specializes in serving small and middle market businesses, professional service firms, not-for-profits, municipalities and consumers.
The First of Long Island (FLIC) reported Q3 2024 earnings with mixed results. Net income for the nine months ended September 30, 2024, was $13.8 million ($0.61 EPS), compared to $20.2 million ($0.89 EPS) in 2023. The company saw a 17.5% decline in net interest income, though the net interest margin improved by nine basis points in Q3 compared to Q2 2024. The bank maintained strong credit quality with a stable reserve coverage ratio of 0.88%. Liquidity position remained robust with $915.7 million of available liquidity, and the leverage ratio stood at approximately 10.13%.
The First of Long Island (Nasdaq: FLIC) has declared a third quarter cash dividend of $.21 per share. This dividend will be paid on October 21, 2024 to shareholders of record on October 11, 2024.
The First of Long Island is the parent company of The First National Bank of Long Island, which operates under the brand First National Bank LI. The bank focuses on serving business and consumer needs on Long Island and in New York City, offering a wide range of lending, deposit, investment, and digital products. First National Bank LI is known for its commitment to delivering exceptional service and a 'Customer First' banking experience to small and middle market businesses, professional service firms, not-for-profits, municipalities, and consumers.
First of Long Island Corp (Nasdaq: FLIC) is subject to a proposed merger with ConnectOne Bancorp, Inc., with terms specifying that FLIC will acquire ConnectOne shares at an exchange ratio of 0.5175 shares of FLIC common stock per ConnectOne share.
Monteverde & Associates PC, an M&A class action law firm, announced it is investigating the merger and is soliciting potentially interested shareholders at no cost or obligation. The firm notes prior recoveries for shareholders and offers contact guidance for prospective clients.
The First of Long Island (Nasdaq: FLIC) reported earnings for Q2 2024. Key highlights include:
- Net income of $9.2 million and EPS of $0.41 for the six months ended June 30, 2024
- Q2 2024 net interest margin of 1.80%, up from 1.79% in Q1 2024
- Deposit and loan growth during Q2
- Noninterest income and expense beat guidance for the second straight quarter
- Strong credit quality with reserve coverage ratio at 0.88% of total loans
- Available liquidity of approximately $1.4 billion on June 30, 2024
- Leverage ratio of 9.91% and book value per share of $16.71 on June 30, 2024
- Quarterly cash dividend of $0.21 per share declared
The First of Long Island (Nasdaq: FLIC) announced it will host an earnings conference call on July 26, 2024, at 2:00 pm Eastern Time to discuss its second-quarter financial results, which will be released post-market on July 25, 2024. Interested parties can dial in at 1 800-450-7155, or +1 857-999-9155 for international callers, using conference ID 4165075#. Participants must register by July 23, 2024, at https://www.cstproxy.com/fnbli/earnings/2024/q2/ to gain access.
An audio recording of the call will be available on the same webpage and on www.fnbli.com until August 9, 2024. The First of Long Island , the parent company of The First National Bank of Long Island, offers various financial services and products to businesses and consumers in Long Island and New York City.
The First of Long Island (Nasdaq: FLIC) announced a second-quarter cash dividend of $.21 per share.
The dividend will be paid on July 18, 2024, to shareholders recorded by July 10, 2024.
The is the parent of The First National Bank of Long Island, serving business and consumer needs in Long Island and New York City through its branch network branded as First National Bank LI.
They offer a variety of lending, deposit, investment, and digital products, emphasizing exceptional customer service.
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