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Mar 31, 2020
Flushing Financial Q1 2020 Earnings Report
Flushing Financial Corporation's financial performance was negatively impacted by COVID-19 related charges, resulting in a GAAP loss, while core earnings were driven by loan growth and improved net interest margin.
Key Takeaways
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.
GAAP diluted EPS was ($0.05), compared to $0.25 in 1Q19.
Core diluted EPS was $0.19, compared to $0.33 in 1Q19.
GAAP net interest income of $40.8 million, down 2.3% YoY.
Core net interest income of $42.9 million, up 1.1% YoY.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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