The First of Long Island Corporation (FLIC) Income Statement Analysis

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Complete financial analysis of The First of Long Island Corporation (FLIC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The First of Long Island Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.

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The First of Long Island Corporation (FLIC)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.fnbli.com

About The First of Long Island Corporation

The First of Long Island Corporation operates as the holding company for The First National Bank of Long Island that provides financial services to small and medium-sized businesses, professionals, consumers, municipalities, and other organizations. The company offers business and small business checking, personal checking, negotiable order of withdrawal, interest on lawyer, escrow service, rent security, personal and nonpersonal money market, savings, time deposit, holiday club, and individual retirement accounts. It also provides commercial and residential mortgage, commercial and industrial, small business credit scored, Small Business Administration, construction and land development, consumer, and home equity lines of credit/loans, as well as commercial and standby letters of credit; debit or credit cards; and overdraft facilities. In addition, the company offers life insurance, trust, estate and custody, retail investment, bill payment, lockbox, ACH, safe deposit box rental, wire transfer, money order, checkbook printing, check, ATM, and online and mobile banking services, as well as investment securities, management, and advisory services. It operates 40 branches, including 17 branches in Nassau, 15 in Suffolk, 5 in Queens, 2 in Brooklyn, and 1 in Manhattan. The company was founded in 1927 and is headquartered in Glen Head, 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	1995	1994	1993	1992	1991	1990	1989
Revenue	93.53M	128.13M	119.38M	116.11M	110.78M	104.79M	103.39M	95.50M	84.36M	74.33M	69.53M	70.29M	65.17M	63.56M	55.71M	49.22M	42.34M	41.35M	41.08M	40.40M	39.09M	37.31M	33.49M	30.24M	29.50M	27.60M	25.50M	24.00M	22.80M	21.80M	20.70M	19.70M	17.80M	16.80M	15.30M
Cost of Revenue	1.07M	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	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	92.46M	128.13M	119.38M	116.11M	110.78M	104.79M	103.39M	95.50M	84.36M	74.33M	69.53M	70.29M	65.17M	63.56M	55.71M	49.22M	42.34M	41.35M	41.08M	40.40M	39.09M	37.31M	33.49M	30.24M	29.50M	27.60M	25.50M	24.00M	22.80M	21.80M	20.70M	19.70M	17.80M	16.80M	15.30M
Gross Profit Ratio	98.86%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	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	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	37.37M	41.10M	39.75M	37.29M	37.11M	36.47M	31.31M	29.01M	26.70M	23.72M	22.68M	21.40M	20.85M	20.76M	20.70M	18.64M	17.63M	17.25M	16.44M	15.51M	14.98M	14.19M	12.59M	11.35M	10.40M	10.10M	9.40M	8.60M	8.30M	7.60M	7.20M	6.80M	6.20M	5.70M	5.40M
Selling & Marketing	13.14M	0.00	0.00	0.00	0.00	1.41M	1.44M	1.05M	877.00K	927.00K	670.00K	615.00K	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
SG&A	50.51M	41.10M	39.75M	37.29M	37.11M	36.47M	31.31M	29.01M	26.70M	23.72M	22.68M	21.40M	20.85M	20.76M	20.70M	18.64M	17.63M	17.25M	16.44M	15.51M	14.98M	14.19M	12.59M	11.35M	10.40M	10.10M	9.40M	8.60M	8.30M	7.60M	7.20M	6.80M	6.20M	5.70M	5.40M
Other Expenses	0.00	-92.51M	-105.83M	-103.88M	-98.11M	-58.89M	-67.97M	-66.57M	-61.18M	-53.89M	-52.81M	-50.15M	-44.05M	-43.79M	-41.49M	-33.53M	-29.32M	-31.64M	-34.75M	-36.30M	-35.03M	-30.67M	-23.00M	-15.74M	-16.40M	-15.50M	-14.40M	-13.60M	-12.80M	-14.20M	-13.10M	-11.30M	-6.10M	-2.40M	-2.10M
Operating Expenses	50.51M	-51.41M	-66.07M	-66.59M	-61.00M	-22.42M	-36.67M	-37.57M	-34.48M	-30.17M	-30.13M	-28.75M	-23.20M	-23.03M	-20.79M	-14.89M	-11.69M	-14.39M	-18.31M	-20.79M	-20.05M	-16.48M	-10.42M	-4.39M	-6.00M	-5.40M	-5.00M	-5.00M	-4.50M	-6.60M	-5.90M	-4.50M	100.00K	3.30M	3.30M
Cost & Expenses	50.51M	-51.41M	-66.07M	-66.59M	-61.00M	-22.42M	-36.67M	-37.57M	-34.48M	-30.17M	-30.13M	-28.75M	-23.20M	-23.03M	-20.79M	-14.89M	-11.69M	-14.39M	-18.31M	-20.79M	-20.05M	-16.48M	-10.42M	-4.39M	-6.00M	-5.40M	-5.00M	-5.00M	-4.50M	-6.60M	-5.90M	-4.50M	100.00K	3.30M	3.30M
Interest Income	155.48M	134.21M	122.96M	131.22M	143.85M	138.24M	118.27M	104.12M	92.14M	81.98M	74.85M	76.23M	76.31M	55.60M	66.27M	59.69M	53.02M	49.00M	42.69M	38.41M	36.97M	36.93M	37.99M	38.82M	34.00M	32.70M	30.40M	28.60M	28.00M	24.90M	24.00M	25.10M	27.80M	28.30M	26.20M
Interest Expense	68.62M	18.50M	16.15M	29.19M	43.68M	35.73M	21.71M	18.00M	16.53M	15.05M	12.36M	16.13M	17.57M	16.77M	18.33M	16.74M	16.27M	12.95M	7.43M	3.67M	3.88M	5.11M	9.45M	13.11M	9.50M	9.90M	9.20M	8.50M	8.90M	6.20M	5.90M	7.90M	12.20M	13.50M	12.80M
Depreciation & Amortization	5.75M	6.31M	8.68M	6.37M	6.22M	4.07M	3.60M	3.22M	3.01M	2.86M	2.82M	2.82M	2.67M	2.49M	2.15M	1.83M	1.89M	1.67M	2.60M	3.65M	5.76M	4.08M	1.34M	675.00K	1.70M	600.00K	-300.00K	-800.00K	-1.10M	-400.00K	1.20M	1.80M	600.00K	600.00K	600.00K
EBITDA	35.22M	64.53M	61.99M	55.90M	56.00M	50.70M	48.62M	43.15M	36.37M	36.26M	33.08M	31.14M	30.03M	28.82M	18.96M	20.17M	16.27M	15.68M	17.94M	19.60M	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
EBITDA Ratio	37.66%	64.80%	51.92%	48.14%	50.55%	82.49%	68.02%	64.03%	62.70%	63.25%	60.72%	63.10%	68.49%	67.69%	66.54%	73.47%	76.86%	69.24%	61.75%	57.58%	63.44%	66.77%	72.90%	87.73%	85.42%	82.61%	79.22%	75.83%	75.44%	67.89%	77.29%	86.29%	103.93%	123.21%	125.49%
Operating Income	43.01M	76.72M	53.31M	49.53M	49.78M	82.37M	66.72M	57.93M	49.89M	44.16M	39.40M	41.54M	41.97M	40.54M	34.92M	34.33M	30.65M	26.96M	22.77M	19.61M	19.03M	20.83M	23.07M	25.86M	23.50M	22.20M	20.50M	19.00M	18.30M	15.20M	14.80M	15.20M	17.90M	20.10M	18.60M
Operating Income Ratio	45.99%	59.87%	44.65%	42.65%	44.94%	78.60%	64.54%	60.66%	59.13%	59.41%	56.66%	59.09%	64.40%	63.78%	62.68%	69.75%	72.39%	65.20%	55.42%	48.54%	48.70%	55.83%	68.90%	85.50%	79.66%	80.43%	80.39%	79.17%	80.26%	69.72%	71.50%	77.16%	100.56%	119.64%	121.57%
Total Other Income/Expenses	-13.55M	-12.52M	-16.66M	-14.07M	-14.55M	-9.78M	-10.52M	-13.82M	-10.32M	-8.51M	-8.48M	-6.73M	-5.63M	-5.06M	0.00	0.00	0.00	0.00	-575.00K	-3.65M	-3.88M	-5.11M	-9.45M	-13.11M	-10.40M	-9.90M	-9.20M	-8.50M	-8.90M	-6.20M	-6.60M	-7.90M	-12.20M	-13.50M	-12.80M
Income Before Tax	29.47M	58.22M	53.31M	49.53M	49.78M	46.64M	45.01M	39.93M	33.36M	29.11M	27.04M	25.41M	24.40M	23.76M	16.58M	17.59M	14.38M	14.01M	15.34M	15.94M	15.16M	15.72M	13.62M	12.75M	13.10M	12.30M	11.30M	10.50M	9.40M	9.00M	8.20M	7.30M	5.70M	6.60M	5.80M
Income Before Tax Ratio	31.51%	45.44%	44.65%	42.65%	44.94%	44.50%	43.54%	41.81%	39.54%	39.16%	38.88%	36.15%	37.44%	37.39%	29.77%	35.73%	33.96%	33.89%	37.35%	39.47%	38.77%	42.13%	40.67%	42.16%	44.41%	44.57%	44.31%	43.75%	41.23%	41.28%	39.61%	37.06%	32.02%	39.29%	37.91%
Income Tax Expense	3.23M	11.29M	10.22M	8.32M	8.23M	5.06M	9.89M	9.05M	7.47M	6.10M	5.74M	5.02M	4.94M	5.37M	3.12M	4.63M	2.90M	2.79M	3.07M	3.86M	3.79M	4.16M	3.53M	3.43M	4.10M	3.90M	3.70M	3.60M	3.20M	3.00M	2.70M	2.30M	1.50M	2.00M	1.40M
Net Income	26.24M	46.93M	43.09M	41.20M	41.56M	41.57M	35.12M	30.88M	25.89M	23.01M	21.30M	20.39M	19.46M	18.39M	13.46M	12.96M	11.48M	11.23M	12.28M	12.08M	11.37M	11.56M	10.09M	9.32M	9.90M	8.40M	7.60M	6.90M	6.20M	6.00M	6.20M	5.00M	4.20M	4.60M	4.40M
Net Income Ratio	28.06%	36.63%	36.09%	35.48%	37.51%	39.67%	33.97%	32.34%	30.69%	30.96%	30.63%	29.01%	29.86%	28.94%	24.17%	26.33%	27.12%	27.15%	29.88%	29.91%	29.08%	31.00%	30.14%	30.81%	33.56%	30.43%	29.80%	28.75%	27.19%	27.52%	29.95%	25.38%	23.60%	27.38%	28.76%
EPS	1.16	2.05	1.82	1.73	1.68	1.64	1.44	1.35	1.23	1.11	1.04	1.02	0.99	1.04	0.83	0.80	0.68	0.65	0.70	0.66	0.62	0.62	0.53	0.47	0.29	0.26	0.24	0.21	0.19	0.04	0.04	0.03	0.03	0.03	0.03
EPS Diluted	1.16	2.04	1.81	1.72	1.67	1.63	1.43	1.34	1.22	1.10	1.03	1.01	0.98	1.02	0.82	0.79	0.67	0.64	0.69	0.64	0.60	0.61	0.52	0.47	0.29	0.26	0.23	0.21	0.19	0.04	0.04	0.03	0.03	0.03	0.03
Weighted Avg Shares Out	22.55M	22.87M	23.66M	23.86M	24.66M	25.29M	24.22M	22.75M	20.99M	20.67M	20.48M	20.04M	19.71M	17.76M	16.21M	16.26M	17.00M	17.40M	17.85M	18.77M	18.39M	18.81M	19.20M	19.73M	20.00M	20.90M	21.02M	21.15M	21.20M	21.23M	21.33M	21.35M	21.45M	21.88M	21.66M
Weighted Avg Shares Out (Dil)	22.63M	22.97M	23.76M	23.91M	24.85M	25.46M	24.48M	23.02M	21.26M	20.93M	20.64M	20.25M	19.92M	17.99M	16.45M	16.41M	17.16M	17.42M	17.85M	18.77M	18.78M	19.09M	19.46M	19.99M	20.00M	20.90M	21.02M	21.15M	21.20M	21.23M	21.33M	21.35M	21.45M	21.88M	21.66M

The First of Long Island (FLIC) Q3 Earnings and Revenues Surpass Estimates

October 26, 2023zacks.com

The First of Long Island (FLIC) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.55 per share a year ago.

The First of Long Island Corporation Reports Earnings for the Third Quarter of 2023

October 26, 2023globenewswire.com

MELVILLE, N.Y., Oct. 26, 2023 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC or the “Company”), the parent of The First National Bank of Long Island (the “Bank”), reported earnings for the three and nine months ended...

The First National Bank of Long Island Partners with Rocket Mortgage to Expand Consumer Home Financing Options

October 16, 2023globenewswire.com

MELVILLE, N.Y., Oct. 16, 2023 (GLOBE NEWSWIRE) -- The First National Bank of Long Island, the subsidiary of The First of Long Island Corporation (Nasdaq: FLIC), today announced that Rocket Mortgage, the nation's largest retail mortgage lender and a part...

Dividend Champion, Contender, And Challenger Highlights: Week Of October 15

October 14, 2023seekingalpha.com

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.

The First of Long Island Corporation Announces Third Quarter Earnings Conference Call

October 4, 2023globenewswire.com

MELVILLE, N.Y., Oct. 04, 2023 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) will host an earnings conference call on October 27, 2023 at 2:00 pm Eastern time to discuss third quarter results. Financial results will be...

Dividend Growth Predictions For 15 Companies Announcing Annual Boosts In October

October 2, 2023seekingalpha.com

Fifteen long-term dividend growth companies, AbbVie among them, will announce their annual increases in October. Most of the increases will be in the single digit range, with 10%+ increases expected from A. O. Smith, Lincoln Electric and Waste Connections. Microsoft...