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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.
The First of Long Island Corporation (Nasdaq: FLIC) will conduct its earnings conference call on January 27, 2023, at 2:00 PM ET to discuss fourth-quarter results. The financial figures will be released before the market opens on January 26, 2023. Interested participants can join the call by dialing 1 800-450-7155 (or +1 857-999-9155 for international callers) and using conference ID 7957280#. Registration is required by January 24, 2023, for those wanting to ask questions during the call.
The First of Long Island Corporation (Nasdaq: FLIC) announced the nomination of J. Abbott R. Cooper for election to its Board of Directors at the 2023 Annual Meeting, enhancing its ongoing board refreshment initiative. This nomination follows the addition of another independent director since November 2022. Mr. Cooper, founder of Driver Management Company, brings significant financial services expertise. The board aims to strengthen governance and focus on increasing shareholder value, highlighting its responsiveness to investor feedback.
The First of Long Island Corporation (Nasdaq: FLIC) has declared a fourth quarter cash dividend of $0.21 per share, marking a 5.0% increase from last year's $0.20 per share. This dividend will be paid on January 12, 2023, to shareholders of record as of January 3, 2023. The company operates The First National Bank of Long Island, offering diverse financial services to individuals and businesses across Long Island and New York City.
The First of Long Island Corporation (Nasdaq: FLIC) has announced the election of Edward J. Haye to its Board of Directors, effective November 15, 2022. Haye, currently Chief Regulatory Counsel for American Water Works Company, brings extensive experience in corporate governance and regulatory affairs. His background includes significant roles in regulated industries, enhancing the corporation's expertise. Chairman Walter C. Teagle III emphasized that Haye's community involvement in Sag Harbor aligns with the bank's 'Community First' culture, aiming to strengthen its presence on Long Island's East End.
The First of Long Island Corporation (Nasdaq: FLIC) reported strong financial results for Q3 and nine months ending September 30, 2022. Net income rose to $12.5 million ($.55 EPS) from $11.4 million ($.48 EPS) in Q3 2021, and $37.0 million ($1.61 EPS) for the nine months, up from $34.1 million ($1.43 EPS). Key growth drivers included a 10.7% increase in net interest income. However, a rise in provisions for credit losses and rising funding costs pose challenges. The company's ROA and ROE improved to 1.14% and 12.84% respectively. FLIC also repurchased shares worth $4.1 million.
The First of Long Island Corporation (NASDAQ: FLIC) will host an earnings conference call on October 27, 2022, at 3:00 PM Eastern Time, to discuss its third-quarter financial results, which will be released prior to market opening on the same day. Interested parties can listen by calling 1 800-450-7155 or +1 857-999-9155 for international access, using conference ID 3574546#. Registration is required by October 25, 2022, for those wishing to ask questions. An audio recording will be available two days post-call.
The First of Long Island Corporation (Nasdaq: FLIC) has declared a third-quarter cash dividend of $0.21 per share, marking a 5.0% increase from the $0.20 dividend in the same quarter last year. The dividend payment is scheduled for October 21, 2022, to shareholders on record as of October 12, 2022.
The First of Long Island Corporation operates The First National Bank of Long Island, providing a range of banking services across Long Island and New York City.
The First of Long Island Corporation (Nasdaq: FLIC) reported a net income of $12.5 million and EPS of $0.54 for Q2 2022, a 9.6% increase year-over-year. For the first half of 2022, net income rose to $24.6 million, up 8.4% from last year. Net interest margin increased to 2.97%, supported by strong loan originations of $236 million. However, the provision for credit losses rose by $2.8 million. The company repurchased 286,011 shares at a cost of $5.3 million, maintaining a leverage ratio of 9.85% and a ROE of 12.94% in Q2.
The First of Long Island Corporation (Nasdaq: FLIC) will host an earnings conference call on July 28, 2022, at 3:00 PM Eastern time to discuss its second-quarter results. Financial results will be released prior to market opening on the same day. Interested participants can join the call by dialing 1 800-450-7155 (or +1 857-999-9155 for international callers) using conference ID 0891590#. Registration is required by July 25, 2022, via the provided link. An audio recording of the call will be available afterward until August 12, 2022.
The First of Long Island Corporation (Nasdaq: FLIC) declared a second quarter cash dividend of $.20 per share, reflecting a 5.3% increase from last year's dividend of $.19. This dividend will be paid on July 22, 2022, to shareholders on record as of July 14, 2022. The company, which operates through The First National Bank of Long Island, focuses on delivering a range of financial services, emphasizing a customer-centric approach for both businesses and consumers in the Long Island and New York City regions.