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Dec 31, 2021
Flushing Financial Q4 2021 Earnings Report
Flushing Financial Corporation reported Q4 2021 results with GAAP EPS of $0.58 and Core EPS of $0.67.
Key Takeaways
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.
GAAP EPS reached $0.58, a 427% increase year-over-year.
Core EPS increased by 16% year-over-year to $0.67.
Net interest income increased 12.5% year-over-year to $62.7 million.
Loans, excluding SBA Paycheck Protection Program, increased 3.7% annualized.
Flushing Financial
Flushing Financial
Forward Guidance
While the provided text does not offer explicit forward guidance, it expresses optimism for 2022, anticipates a slowdown in refinance volumes due to rising interest rates, and highlights opportunities for expansion.
Positive Outlook
- Expect refinance volumes will slow in 2022
- Continue to benefit from the merger disruption in our markets
- Hired 24 people (including 9 revenue producers) in 2021 from institutions involved with mergers
- Looking forward to additional expansion opportunities in 2022