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.
First Of Long Island Corp. reports developments as the bank holding company for The First National Bank of Long Island, which operates a branch network branded as First National Bank LI on Long Island and in New York City. Company updates center on commercial and consumer banking activity, including lending, deposits, investment services and digital banking products for small and middle market businesses, professional service firms, not-for-profits, municipalities and consumers.
Recurring news includes quarterly earnings, net interest margin trends, loan and deposit growth, noninterest income and expense, credit quality, capital levels, book value, dividend declarations and broader capital-management actions tied to the bank’s balance sheet and shareholder returns.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
The First of Long Island Corporation (Nasdaq: FLIC) will host an earnings conference call on April 28, 2023, at 2:00 PM Eastern Time to discuss its first-quarter results. Financial results will be disclosed after market hours on April 27, 2023.
Interested participants can listen by calling 1-800-450-7155 (international: +1 857-999-9155) with conference ID 7416347#. Registration is required by April 25, 2023 on their website. An audio recording of the call will be accessible online for review shortly after.
The First of Long Island Corporation (Nasdaq: FLIC) has announced a first quarter cash dividend of $.21 per share, marking a 5.0% increase from last year's $.20 per share. This dividend will be disbursed on March 24, 2023, to shareholders on record as of March 16, 2023. The corporation serves as the parent company of The First National Bank of Long Island, focusing on meeting the needs of businesses and consumers in Long Island and New York City through a wide range of banking and financial services. The bank is recognized for its commitment to customer service and community engagement.
The First of Long Island Corporation (Nasdaq: FLIC) reported a net income of $46.9 million and earnings per share (EPS) of $2.04 for the year ended December 31, 2022, reflecting an 8.9% increase in net income compared to 2021. The fourth quarter net income was $9.9 million, with an EPS of $0.44, up from $9.0 million and $0.38 in 2021. Key growth drivers included an $8.9 million increase in net interest income and a 7.2% rise in average checking deposits. However, the provision for credit losses rose by $4.9 million, and net interest margin decreased to 2.74% in Q4. The company repurchased 217,392 shares for $4 million during the quarter, signaling confidence in its financial health.