See more : Aizawa Securities Group Co.,Ltd. (8708.T) 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 (FFIC) Surpasses Q4 Earnings Estimates
Flushing Financial (FFIC) delivered earnings and revenue surprises of 7.55% and 23.31%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Flushing Financial Corporation Reports 4Q22 GAAP EPS of $0.34 and Core EPS of $0.57; Full Year 2022 GAAP EPS of $2.50 and Core EPS of $2.49
John R. Buran, President and CEO Commentary
Flushing Financial Announces the Death of Retired Board Member, Michael J. Russo
UNIONDALE, N.Y., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that Michael J. Russo, a recently retired member of the Board of Directors has...
Michael J. Russo, Board Member of Flushing Financial Corporation Announces Retirement
UNIONDALE, N.Y., Jan. 05, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the holding company for Flushing Bank (the “Bank”), announced today that Michael J. Russo, a Board Member, has retired effective January 4, 2023.
Flushing Financial Corporation Announced Changes for its Fourth Quarter and Full Year 2022 Earnings Call
UNIONDALE, N.Y., Dec. 20, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced revision to the timing of previously announced release of its fourth quarter and full...
Flushing Financial Corporation To Host Fourth Quarter and Full Year 2022 Earnings Call
UNIONDALE, N.Y., Dec. 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 fourth quarter and full year 2022 earnings after the...
Flushing Financial Corporation Declares Quarterly Dividend of $0.22 per Share
UNIONDALE, N.Y., Nov. 22, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that the Board of Directors (the “Board”) declared a quarterly dividend on its common...
Flushing Bank Leases New Brooklyn Location in Bensonhurst
UNIONDALE, N.Y., Nov. 15, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced it has leased a new location at 8616 21st Avenue, Brooklyn, NY. The Bank...
Flushing Financial Maintains Its Investment Grade Rating by Kroll Bond Rating Agency, Inc.
UNIONDALE, N.Y., Nov. 09, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that Kroll Bond Rating Agency (“KBRA”), a full-service rating agency, reaffirmed an investment grade...
Flushing Financial Corporation (FFIC) Q3 2022 Earnings Call Transcript
Flushing Financial Corporation (NASDAQ:FFIC ) Q3 2022 Earnings Conference Call October 26, 2022 9:30 AM ET Company Participants John Buran - President, Chief Executive Officer and Director Susan Cullen - Senior Executive Vice President, Treasurer and Chief Financial Officer Conference...
Source: https://incomestatements.info
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