Flushing Financial (NASDAQ:FFIC) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• Flushing Financial reported quarterly EPS of $0.29, missing the consensus by $0.03, and revenue of $56.98 million versus expectations of $61.56 million, marking a clear near-term earnings and revenue disappointment.
• The company paid a quarterly dividend of $0.22 (annualized $0.88) for a 5.4% yield, but the dividend payout ratio is a high 162.96%, signaling potential sustainability concerns.
• Regulatory approvals for the OceanFirst merger have been secured and closing is expected by June 1, 2026, providing a strategic exit/combination path for shareholders while leaving merger-integration and financing risks until completion.

Flushing Financial (NASDAQ:FFIC - Get Free Report) posted its quarterly earnings results on Tuesday. The bank reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.03), FiscalAI reports. The company had revenue of $56.98 million during the quarter, compared to analysts' expectations of $61.56 million. Flushing Financial had a return on equity of 5.95% and a net margin of 3.86%.

Flushing Financial Stock Up 1.9%

FFIC opened at $16.36 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.93 and a current ratio of 0.93. Flushing Financial has a fifty-two week low of $11.13 and a fifty-two week high of $17.79. The firm's fifty day moving average is $15.68 and its 200 day moving average is $15.58. The stock has a market cap of $554.28 million, a price-to-earnings ratio of 30.30 and a beta of 0.79.

Flushing Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Friday, April 10th. Flushing Financial's dividend payout ratio (DPR) is presently 162.96%.

Insider Buying and Selling

In related news, EVP Thomas Buonaiuto sold 1,570 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $16.20, for a total transaction of $25,434.00. Following the completion of the sale, the executive vice president owned 35,469 shares in the company, valued at approximately $574,597.80. This trade represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Flushing Financial

Hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP grew its stake in Flushing Financial by 84.3% during the fourth quarter. Wellington Management Group LLP now owns 3,293,397 shares of the bank's stock valued at $49,961,000 after acquiring an additional 1,506,404 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Flushing Financial by 7.3% during the 4th quarter. AQR Capital Management LLC now owns 824,233 shares of the bank's stock valued at $12,504,000 after purchasing an additional 55,975 shares during the last quarter. Patriot Financial Partners GP II L.P. purchased a new position in shares of Flushing Financial during the third quarter valued at about $9,322,000. Invesco Ltd. grew its holdings in Flushing Financial by 10.3% during the 2nd quarter. Invesco Ltd. now owns 597,467 shares of the bank's stock valued at $7,098,000 after buying an additional 55,563 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Flushing Financial by 104.3% in the 1st quarter. Millennium Management LLC now owns 523,080 shares of the bank's stock worth $6,643,000 after acquiring an additional 267,013 shares during the last quarter. Hedge funds and other institutional investors own 67.10% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FFIC shares. Weiss Ratings upgraded shares of Flushing Financial from a "sell (d+)" rating to a "hold (c)" rating in a research note on Monday, March 9th. Raymond James Financial downgraded Flushing Financial from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, December 31st. Finally, Keefe, Bruyette & Woods boosted their target price on Flushing Financial from $14.50 to $16.80 and gave the stock a "market perform" rating in a research report on Thursday, January 29th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Flushing Financial has a consensus rating of "Hold" and an average target price of $16.80.

Key Flushing Financial News

Here are the key news stories impacting Flushing Financial this week:

• Positive Sentiment: Regulatory approvals secured for the OceanFirst merger — Federal Reserve, NYDFS and OCC approvals are in and shareholders have approved the deal; closing is expected by June 1, 2026, which crystallizes a strategic exit/combination path for Flushing shareholders. OceanFirst/Flushing regulatory approval
• Positive Sentiment: An analyst increased FFIC's price target by ~15.9% to $17.14, reflecting upgraded assumptions around the franchise and / or deal economics — this can support near-term upside toward the new target. Price target increase article
• Neutral Sentiment: Operational positives in 1Q26: management reported a 16 bps year-over-year expansion in net interest margin, noninterest-bearing deposits up ~15% YoY and core net income up 25% YoY — items that show improving funding mix and core revenue strength. 1Q26 results press release
• Negative Sentiment: Earnings and revenue missed expectations: FFIC reported $0.29 EPS vs. consensus $0.37 (core EPS cited as $0.29, GAAP $0.17) and revenue of $56.98M vs. $61.56M consensus — a clear near-term earnings disappointment that pressures valuation metrics (P/E ~30). Earnings press release / PDF
• Negative Sentiment: Merger-related risks remain — SEC filings and press releases highlight integration, regulatory, financing and dilution risks and the possibility the deal could be delayed or conditioned; these risks can create volatility until closing. Merger risk disclosure / investor relations

About Flushing Financial

Flushing Financial Corporation is the bank holding company for Flushing Bank, a community-oriented financial institution headquartered in Flushing, Queens, New York. Tracing its origins to the founding of Flushing Bank in 1929, the holding company was established in 2006 to support the bank's growth and diversification. Flushing Financial operates under the Nasdaq ticker FFIC, delivering a full suite of banking services to personal, commercial and institutional customers.

The company's primary business activities include deposit-taking, consumer and commercial lending, mortgage banking and treasury management.