See more : West High Yield (W.H.Y.) Resources Ltd. (WHY.V) 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 |
Flushing Financial Corporation's (FFIC) CEO John Buran on Q2 2022 Results - Earnings Call Transcript
Flushing Financial Corporation (NASDAQ:FFIC ) Q2 2022 Earnings Conference Call July 27, 2022 9:30 AM ET Company Participants John Buran – President and Chief Executive Officer Susan Cullen – Senior Executive Vice President and Chief Financial Officer Conference Call Participants...
Flushing Financial (FFIC) Q2 Earnings and Revenues Surpass Estimates
Flushing Financial (FFIC) delivered earnings and revenue surprises of 4.48% and 8.89%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Flushing Financial Corporation Reports 2Q22 GAAP EPS of $0.81 and Core EPS of $0.70
Record Loan Closings; Loan Growth with Stable NIM QoQ
Best Income Stocks to Buy for June 22nd
RTL, BBVA, and FFIC made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 22, 2022.
Flushing Financial Corporation To Host Second Quarter 2022 Earnings Call
UNIONDALE, N.Y., June 15, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that it will release its second quarter 2022 earnings after the market closes on...
Flushing Financial: A Low-Risk Loan Book With A 4% Dividend Yield
Flushing Financial is a New York-focused bank. The exceptionally strong loan portfolio with a very low LTV ratio makes the loan book appealing and sudden write-offs are unlikely, even if the NY real estate market collapses.
Flushing Financial Corporation to Present Virtually and Host Investor Meetings at the 12th Annual East Coast IDEAS Investor Conference on June 22-23, 2022
UNIONDALE, N.Y., June 08, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that John R. Buran, President and Chief Executive Officer, and Susan K. Cullen, Chief...
Flushing Bank Issues Inaugural Environmental, Social, and Governance Report
UNIONDALE, N.Y., June 06, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced it has issued its inaugural Environmental, Social, and Governance Report.
Flushing Bank Opens a New Branch at 85-15 Queens Boulevard in Elmhurst, NY
UNIONDALE, N.Y., June 06, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that the Bank has opened a new branch located at 85-15 Queens Boulevard, Elmhurst,...
Flushing Financial (FFIC) Stock Up on New Share Buyback Plan
Flushing Financial (FFIC) announces a new share repurchase program. This, along with regular quarterly dividend payouts, will continue to enhance shareholder value.
Source: https://incomestatements.info
Category: Stock Reports