See more : Bionomics Limited (BNOEF) Income Statement Analysis – Financial Results
Complete financial analysis of Flushing Financial Corporation (FFIC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Flushing Financial Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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Flushing Financial Corporation (FFIC)
About Flushing Financial Corporation
Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, demand accounts, NOW accounts, and certificates of deposit. The company also provides mortgage loans secured by multi-family residential, commercial real estate, one-to-four family mixed-use property, one-to-four family residential property, and commercial business loans; construction loans; small business administration loans and other small business loans; mortgage loan surrogates, such as mortgage-backed securities; and consumer loans, including overdraft lines of credit, as well as the United States government securities, corporate fixed-income securities, and other marketable securities. In addition, it offers banking services to public municipalities comprising counties, cities, towns, villages, school districts, libraries, fire districts, and various courts. As of December 31, 2021, the company operated 24 full-service offices located in the New York City boroughs of Queens, Brooklyn, and Manhattan; and in Nassau and Suffolk County, New York, as well as an Internet branch. Flushing Financial Corporation was founded in 1929 and is based in Uniondale, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 191.22M | 253.63M | 251.66M | 206.21M | 171.41M | 176.63M | 183.52M | 176.60M | 163.60M | 152.63M | 155.22M | 159.50M | 159.63M | 148.21M | 125.74M | 94.70M | 81.19M | 77.50M | 74.86M | 72.43M | 66.45M | 53.85M | 48.26M | 43.75M | 43.20M | 39.40M | 34.80M | 30.50M |
| Cost of Revenue | 24.93M | 21.43M | 20.83M | 16.64M | 14.94M | 15.24M | 15.19M | 16.74M | 15.12M | 11.45M | 10.63M | 0.00 | 8.24M | 9.19M | 9.19M | 9.90M | 8.74M | 8.43M | 6.67M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 166.30M | 232.20M | 230.83M | 189.57M | 156.47M | 161.39M | 168.33M | 159.86M | 148.48M | 141.18M | 144.59M | 159.50M | 151.39M | 139.01M | 116.55M | 84.80M | 72.45M | 69.07M | 68.19M | 72.43M | 66.45M | 53.85M | 48.26M | 43.75M | 43.20M | 39.40M | 34.80M | 30.50M |
| Gross Profit Ratio | 86.96% | 91.55% | 91.72% | 91.93% | 91.29% | 91.37% | 91.72% | 90.52% | 90.76% | 92.50% | 93.15% | 100.00% | 94.84% | 93.80% | 92.69% | 89.55% | 89.23% | 89.13% | 91.10% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 89.95M | 92.23M | 98.31M | 85.49M | 74.51M | 72.34M | 69.14M | 68.18M | 60.80M | 55.90M | 51.84M | 50.79M | 47.10M | 43.67M | 34.06M | 26.16M | 23.56M | 20.36M | 17.10M | 18.40M | 16.01M | 13.92M | 12.68M | 12.25M | 11.20M | 12.50M | 10.20M | 8.30M |
| Selling & Marketing | 0.00 | 3.10M | 2.50M | 1.80M | 2.20M | 2.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 89.95M | 92.23M | 98.31M | 85.49M | 74.51M | 72.34M | 69.14M | 68.18M | 60.80M | 55.90M | 51.84M | 50.79M | 47.10M | 43.67M | 34.06M | 26.16M | 23.56M | 20.36M | 17.10M | 18.40M | 16.01M | 13.92M | 12.68M | 12.25M | 11.20M | 12.50M | 10.20M | 8.30M |
| Other Expenses | 0.00 | -146.02M | -240.68M | -246.51M | -192.59M | -95.03M | -109.86M | -68.12M | -86.18M | -69.53M | -80.39M | -90.37M | 1.58M | 2.05M | 5.89M | 52.33M | 57.73M | 36.01M | 17.54M | -1.56M | 4.94M | 13.02M | 22.57M | 21.00M | 13.90M | 11.00M | 5.10M | 0.00 |
| Operating Expenses | 121.95M | -53.79M | -142.38M | -161.02M | -118.08M | -22.69M | -40.72M | 66.00K | -25.38M | -13.63M | -28.55M | -39.58M | 48.68M | 45.72M | 39.95M | 78.49M | 81.29M | 56.37M | 34.63M | 16.84M | 20.95M | 26.94M | 35.25M | 33.25M | 25.10M | 23.50M | 15.30M | 8.30M |
| Cost & Expenses | 121.95M | 21.43M | -142.38M | -161.02M | -118.08M | -22.69M | 15.19M | 16.74M | 15.12M | 11.45M | 10.63M | -39.58M | 56.92M | 54.91M | 49.14M | 9.90M | 8.74M | 8.43M | 6.67M | 16.84M | 20.95M | 26.94M | 35.25M | 33.25M | 25.10M | 23.50M | 15.30M | 8.30M |
| Interest Income | 401.35M | 316.57M | 288.53M | 264.28M | 278.88M | 256.93M | 234.30M | 220.52M | 203.67M | 196.38M | 199.70M | 212.86M | 223.69M | 229.63M | 228.93M | 216.70M | 193.56M | 158.38M | 132.44M | 118.72M | 112.34M | 106.91M | 101.90M | 96.94M | 87.10M | 82.80M | 66.90M | 55.10M |
| Interest Expense | 222.33M | 73.01M | 40.59M | 69.13M | 117.02M | 89.59M | 61.48M | 53.91M | 49.73M | 54.74M | 54.86M | 63.28M | 76.72M | 91.77M | 115.28M | 128.97M | 122.62M | 90.68M | 64.23M | 52.23M | 52.18M | 54.56M | 59.70M | 57.05M | 47.80M | 46.70M | 34.80M | 26.30M |
| Depreciation & Amortization | 6.45M | 5.93M | 6.43M | 6.21M | 5.93M | 5.79M | 4.83M | 4.45M | 3.58M | 2.81M | 2.95M | 3.21M | 3.19M | 2.80M | 2.66M | 5.08M | 4.29M | 3.40M | 1.55M | 3.41M | 4.66M | 3.85M | 2.34M | 2.05M | 2.20M | 2.80M | 900.00K | 1.20M |
| EBITDA | 45.80M | 110.78M | 115.70M | 51.39M | 59.26M | 0.00 | 70.97M | 0.00 | 76.96M | 75.63M | 64.13M | 0.00 | 0.00 | 0.00 | 92.49M | 89.41M | 0.00 | 71.98M | 69.72M | 63.71M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 23.95% | 72.68% | 45.98% | 24.92% | 34.57% | 91.08% | 72.17% | 93.08% | 77.43% | 85.41% | 76.66% | 77.19% | 87.20% | 101.08% | 127.04% | 177.80% | 194.64% | 166.24% | 139.43% | 127.96% | 138.54% | 157.18% | 177.88% | 180.68% | 163.19% | 166.75% | 146.55% | 131.15% |
| Operating Income | 69.27M | 178.41M | 109.28M | 45.18M | 53.33M | 155.08M | 127.61M | 159.93M | 123.10M | 127.55M | 116.04M | 119.92M | 136.01M | 147.01M | 157.08M | 163.29M | 153.74M | 125.44M | 102.82M | 89.28M | 87.40M | 80.79M | 83.50M | 77.00M | 68.30M | 62.90M | 50.10M | 38.80M |
| Operating Income Ratio | 36.22% | 70.34% | 43.42% | 21.91% | 31.11% | 87.80% | 69.54% | 90.56% | 75.24% | 83.57% | 74.76% | 75.18% | 85.20% | 99.19% | 124.92% | 172.43% | 189.35% | 161.86% | 137.36% | 123.25% | 131.53% | 150.03% | 173.04% | 176.00% | 158.10% | 159.64% | 143.97% | 127.21% |
| Total Other Income/Expenses | -29.44M | -23.89M | -24.02M | -27.40M | -16.01M | -17.23M | -17.41M | 16.62M | -12.76M | -21.04M | -16.13M | -7.15M | -1.58M | -2.05M | -5.89M | -128.97M | -122.62M | -90.68M | -500.00K | -26.67M | -52.18M | -54.56M | -59.70M | -57.05M | -47.80M | -46.70M | -34.80M | -26.30M |
| Income Before Tax | 39.83M | 104.85M | 109.28M | 45.18M | 53.33M | 65.49M | 66.13M | 106.02M | 73.38M | 72.81M | 60.71M | 56.18M | 58.82M | 54.78M | 41.33M | 34.32M | 31.12M | 34.76M | 38.59M | 37.05M | 35.22M | 26.23M | 23.80M | 19.95M | 20.50M | 16.20M | 15.30M | 12.50M |
| Income Before Tax Ratio | 20.83% | 41.34% | 43.42% | 21.91% | 31.11% | 37.07% | 36.04% | 60.03% | 44.85% | 47.70% | 39.11% | 35.22% | 36.84% | 36.96% | 32.87% | 36.24% | 38.32% | 44.85% | 51.56% | 51.14% | 53.01% | 48.71% | 49.32% | 45.61% | 47.45% | 41.12% | 43.97% | 40.98% |
| Income Tax Expense | 11.17M | 27.91M | 27.49M | 10.51M | 12.05M | 10.40M | 25.01M | 41.10M | 27.17M | 28.57M | 22.96M | 21.85M | 23.47M | 15.94M | 15.77M | 12.06M | 10.93M | 13.12M | 15.05M | 14.40M | 13.54M | 9.97M | 8.87M | 7.53M | 7.80M | 6.00M | 6.80M | 5.80M |
| Net Income | 28.66M | 76.95M | 81.79M | 34.67M | 41.28M | 55.09M | 41.12M | 64.92M | 46.21M | 44.24M | 37.75M | 34.33M | 35.35M | 38.84M | 25.56M | 22.26M | 20.19M | 21.64M | 23.54M | 22.65M | 21.68M | 16.26M | 14.93M | 12.42M | 12.70M | 10.20M | 8.50M | 6.70M |
| Net Income Ratio | 14.99% | 30.34% | 32.50% | 16.82% | 24.08% | 31.19% | 22.41% | 36.76% | 28.24% | 28.98% | 24.32% | 21.52% | 22.14% | 26.20% | 20.33% | 23.51% | 24.86% | 27.92% | 31.45% | 31.27% | 32.62% | 30.20% | 30.94% | 28.39% | 29.40% | 25.89% | 24.43% | 21.97% |
| EPS | 0.96 | 2.50 | 2.59 | 1.18 | 1.44 | 1.92 | 1.41 | 2.24 | 1.59 | 1.49 | 1.26 | 1.13 | 1.15 | 1.28 | 0.91 | 1.10 | 1.03 | 1.16 | 1.34 | 1.30 | 1.27 | 0.93 | 0.81 | 0.44 | 0.62 | 0.44 | 0.11 | 0.25 |
| EPS Diluted | 0.96 | 2.50 | 2.59 | 1.18 | 1.44 | 1.92 | 1.41 | 2.24 | 1.59 | 1.48 | 1.26 | 1.13 | 1.15 | 1.28 | 0.91 | 1.09 | 1.02 | 1.14 | 1.31 | 1.25 | 1.22 | 0.89 | 0.78 | 0.43 | 0.61 | 0.44 | 0.10 | 0.25 |
| Weighted Avg Shares Out | 29.93M | 30.82M | 31.55M | 29.30M | 28.71M | 28.71M | 29.08M | 28.96M | 29.11M | 29.79M | 30.05M | 30.40M | 30.62M | 30.34M | 23.24M | 20.20M | 19.60M | 18.65M | 17.57M | 17.42M | 17.07M | 17.42M | 18.36M | 18.87M | 20.41M | 22.95M | 26.51M | 27.03M |
| Weighted Avg Shares Out (Dil) | 29.93M | 30.82M | 31.55M | 29.30M | 28.71M | 28.71M | 29.08M | 28.97M | 29.13M | 29.82M | 30.07M | 30.43M | 30.65M | 30.34M | 23.25M | 20.37M | 19.79M | 18.98M | 17.97M | 18.12M | 17.77M | 18.20M | 19.14M | 19.22M | 20.86M | 23.42M | 26.51M | 27.03M |
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