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.
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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.