Flushing Financial Earnings Reports

Flushing Financial Corporation reported a net loss of $9.796 million in the first quarter of 2025, primarily due to a non-cash goodwill impairment charge of $17.6 million. Despite the loss, the company saw an expansion in net interest income and margin, with GAAP NIM increasing by 12 basis points QoQ to 2.51% and Core NIM by 24 basis points QoQ to 2.49%. Average deposits grew by 1.5% QoQ, and liquidity remained strong.

Flushing Financial Corporation reported a GAAP loss per share of $(1.61) for Q4 2024 and a core EPS of $0.14. The company executed actions to improve profitability and strengthen the balance sheet, expecting a significant improvement in performance with NIM expansion in Q1 2025.

Flushing Financial Corporation reported a strong third quarter in 2024, with GAAP and Core EPS reaching $0.30 and $0.26, respectively. The company experienced an increase in both GAAP and Core NIM, driven by a decrease in the cost of funds during August and September. Credit quality remained solid, with a decline in NPAs and criticized and classified assets.

Flushing Financial Corporation reported second quarter 2024 GAAP and Core EPS of $0.18, with net interest income up quarter over quarter. The company's credit quality remained strong, and capital ratios remained solid.

Flushing Financial Corporation reported a mixed first quarter for 2024. While average deposits grew, both GAAP and Core EPS increased compared to the previous year but decreased from the prior quarter. NIM experienced compression, and noninterest income decreased. However, credit quality improved, with criticized and classified loans declining and net charge-offs remaining low. Capital remains solid.

Flushing Financial Corporation reported a GAAP EPS of $0.27 and a core EPS of $0.25 for Q4 2023. The company saw sequential GAAP and core NIM expansion, along with an increase in total average deposits.

Flushing Financial Corporation reported a GAAP EPS of $0.32 and core EPS of $0.31 for Q3 2023. The company delivered sequential EPS and GAAP NIM expansion through the continued execution of its action plan. Significant progress was made on reducing interest rate risk, increasing yields on new loans, and increasing noninterest-bearing deposits.

Flushing Financial Corporation reported a GAAP EPS of $0.29 and a core EPS of $0.26 for Q2 2023. The company delivered sequential improvements in key metrics and is progressing on its action plan to enhance business model resilience and drive profitability.

Flushing Financial Corporation reported a challenging first quarter due to the inverted yield curve and rising rate environment. GAAP EPS was $0.17 and Core EPS was $0.10. The company is implementing an action plan to enhance business model resilience and drive profitability.

Flushing Financial Corporation reported a GAAP EPS of $0.34 for Q4 2022, a decrease of 41.4% year-over-year. Core EPS for the same period was $0.57, down 14.9% year-over-year. The company's ROAA was 0.48%, and ROAE was 6.06%.

Flushing Financial Corporation reported GAAP EPS of $0.76 for Q3 2022, a decrease of 6.2% year-over-year. The company experienced loan growth of 3.1% QoQ, excluding PPP loans, but also faced NIM compression due to rising rates. Credit quality remained solid with only 2 bps of net charge-offs.

Flushing Financial Corporation reported a strong second quarter in 2022, with GAAP EPS up 32.8% year-over-year and record loan closings of $504 million driving loan growth. The net interest margin remained stable quarter-over-quarter, and the company continued to grow noninterest-bearing deposits.

Flushing Financial Corporation reported a GAAP EPS of $0.58 for Q1 2022, a 3.3% decrease year-over-year. However, core EPS increased by 13.0% year-over-year to $0.61. The company experienced record net interest income and a record low cost of funds, benefiting from improved economic activity and merger activity in the New York City area.

Flushing Financial Corporation reported a strong fourth quarter in 2021, with GAAP EPS reaching $0.58 and Core EPS at $0.67. The company saw increases in key metrics such as ROAA and ROAE, demonstrating solid financial performance. Strategic initiatives and employee contributions were highlighted as key factors in the company's success.

Flushing Financial Corporation reported a strong third quarter with GAAP EPS of $0.81, up 62.0% YoY, and record core EPS of $0.88, up 57.1% YoY. The company achieved record net interest income and a record loan pipeline, driven by the successful implementation of their business strategy.

Flushing Financial Corporation reported a strong quarter with GAAP EPS of $0.61 and record core EPS of $0.73. The successful deposit strategy, the integration of Empire National Bank, and the reopening of the New York metro area contributed to the company's positive performance.

Flushing Financial Corporation reported a strong first quarter in 2021, marked by record net interest income and an increase in GAAP EPS to $0.60. The company focused on assisting customers through PPP loans and managing loan forbearance, while also investing in technology and fintech partnerships.

Flushing Financial Corporation reported a GAAP diluted EPS of $0.11 and a core diluted EPS of $0.58 for Q4 2020. The company achieved record net interest income for the third consecutive quarter and reduced loans in forbearance. The Empire acquisition was closed and the systems conversion was completed.

Flushing Financial Corporation reported third quarter earnings of $14.3 million, or $0.50 per diluted common share. The company achieved record net interest income and proactively managed credit risk, improving the funding mix with an emphasis on non-interest bearing demand accounts.

Flushing Financial Corporation reported a GAAP diluted EPS of $0.63 and core diluted EPS of $0.36 for Q2 2020. The company's net interest margin was 2.87%, and GAAP net interest income reached a record $48.7 million.

Flushing Financial Corporation reported a GAAP diluted EPS loss of ($0.05) and core diluted EPS of $0.19 for Q1 2020. The company's GAAP earnings were affected by COVID-19 related non-cash charges. Core earnings were driven by loan growth and a 16 basis point improvement in core net interest margin.

Flushing Financial Corporation reported GAAP EPS of $0.45, a 22% increase QoQ. Net interest income increased 6% from 3Q19, and the net interest margin improved by 11bps. Classified loans hit the lowest level since 2008 and delinquent loans decreased to 34bps of the gross loan portfolio.