Flushing Financial (FFIC) Financials

$12.71 +0.50 (+4.10%)

Closing price 05/2/2025 04:00 PM Eastern

Extended Trading

$12.72 +0.01 (+0.08%)

As of 05/2/2025 04:05 PM Eastern

Annual Income Statements for Flushing Financial

This table shows Flushing Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	77	29	-31
Consolidated Net Income / (Loss)	77	29	-31
Net Income / (Loss) Continuing Operations	77	29	-31
Total Pre-Tax Income	105	40	-48
Total Revenue	254	202	125
Net Interest Income / (Expense)	244	179	182
Total Interest Income	317	401	465
Loans and Leases Interest Income	293	355	376
Investment Securities Interest Income	21	38	79
Other Interest Income	2.42	8.41	11
Total Interest Expense	73	222	283
Deposits Interest Expense	47	189	245
Other Interest Expense	26	34	39
Total Non-Interest Income	10	23	-57
Other Service Charges	6.70	12	10
Net Realized & Unrealized Capital Gains on Investments	-5.00	2.68	-77
Other Non-Interest Income	8.31	8.37	9.08
Provision for Credit Losses	5.08	11	9.57
Total Non-Interest Expense	144	151	163
Salaries and Employee Benefits	84	86	91
Net Occupancy & Equipment Expense	20	20	22
Property & Liability Insurance Claims	2.26	3.99	6.30
Other Operating Expenses	31	35	38
Depreciation Expense	5.93	5.97	5.73
Other Special Charges	0.00	0.00	-0.17
Income Tax Expense	28	11	-17
Basic Earnings per Share	$2.50	$0.96	($1.05)
Weighted Average Basic Shares Outstanding	29.49M	29.07M	33.78M
Diluted Earnings per Share	$2.50	$0.96	($1.05)
Weighted Average Diluted Shares Outstanding	29.49M	29.07M	33.78M
Weighted Average Basic & Diluted Shares Outstanding	29.49M	29.07M	33.78M
Cash Dividends to Common per Share	$0.88	$0.88	$0.88

This table shows Flushing Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	23	10	4.04	8.69	7.84	8.10	3.68	5.32	8.91	-49
Consolidated Net Income / (Loss)	23	10	4.04	8.69	7.84	8.10	3.68	5.32	8.91	-49
Net Income / (Loss) Continuing Operations	23	10	4.04	8.69	7.84	8.10	3.68	5.32	8.91	-49
Total Pre-Tax Income	32	13	5.46	12	11	12	5.00	7.14	11	-72
Total Revenue	70	47	52	48	48	53	45	47	52	-20
Net Interest Income / (Expense)	61	54	45	43	44	46	42	43	46	51
Total Interest Income	82	89	92	97	104	109	109	113	123	120
Loans and Leases Interest Income	76	81	83	85	91	96	93	93	96	94
Investment Securities Interest Income	5.69	6.54	7.27	9.20	10	11	13	18	24	24
Other Interest Income	0.51	1.70	1.96	1.98	2.15	2.31	3.97	2.26	2.57	1.79
Total Interest Expense	21	35	47	53	60	63	67	70	77	69
Deposits Interest Expense	12	27	39	46	50	53	58	61	66	60
Other Interest Expense	8.57	7.84	7.80	6.93	9.54	9.39	9.24	9.56	11	9.08
Total Non-Interest Income	9.00	-7.65	6.86	5.02	3.31	7.40	3.08	4.22	6.28	-71
Other Service Charges	1.70	1.70	2.38	2.44	2.75	3.97	1.87	2.24	3.28	2.91
Net Realized & Unrealized Capital Gains on Investments	5.63	-11	2.67	0.35	-1.25	0.91	-0.72	0.08	1.11	-77
Other Non-Interest Income	1.67	2.07	1.81	2.23	1.80	2.53	1.94	1.89	1.89	3.36
Provision for Credit Losses	2.15	-0.01	7.51	1.42	0.60	1.00	0.59	0.81	1.73	6.44
Total Non-Interest Expense	36	34	39	35	36	41	40	39	39	46
Salaries and Employee Benefits	21	18	23	20	20	23	22	22	22	25
Net Occupancy & Equipment Expense	4.91	5.12	5.23	5.01	4.79	5.34	5.51	5.50	5.43	5.58
Property & Liability Insurance Claims	0.74	0.49	0.98	0.94	0.91	1.16	1.65	1.32	1.32	2.01
Other Operating Expenses	7.06	8.42	8.88	7.99	8.86	9.38	9.16	9.08	8.47	11
Depreciation Expense	1.49	1.54	1.51	1.48	1.48	1.49	1.46	1.43	1.44	1.41
Income Tax Expense	8.98	2.57	1.41	3.19	2.92	3.66	1.31	1.81	2.55	-23
Basic Earnings per Share	$0.76	$0.35	$0.13	$0.29	$0.26	$0.28	$0.12	$0.18	$0.30	($1.65)
Weighted Average Basic Shares Outstanding	29.81M	29.49M	29.49M	28.96M	28.90M	29.07M	29.07M	29.07M	29.07M	33.78M
Diluted Earnings per Share	$0.76	$0.35	$0.13	$0.29	$0.26	$0.28	$0.12	$0.18	$0.30	($1.65)
Weighted Average Diluted Shares Outstanding	29.81M	29.49M	29.49M	28.96M	28.90M	29.07M	29.07M	29.07M	29.07M	33.78M
Weighted Average Basic & Diluted Shares Outstanding	29.81M	29.49M	29.49M	28.96M	28.90M	29.07M	29.07M	29.07M	29.07M	33.78M

This table details how cash moves in and out of Flushing Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	70	20	-20
Net Cash From Operating Activities	86	35	12
Net Cash From Continuing Operating Activities	86	35	12
Net Income / (Loss) Continuing Operations	77	29	-31
Consolidated Net Income / (Loss)	77	29	-31
Provision For Loan Losses	5.08	11	9.57
Depreciation Expense	5.93	5.97	5.73
Amortization Expense	1.68	0.98	3.91
Non-Cash Adjustments to Reconcile Net Income	4.86	0.42	57
Changes in Operating Assets and Liabilities, net	-8.75	-12	-32
Net Cash From Investing Activities	-352	-94	-506
Net Cash From Continuing Investing Activities	-352	-94	-506
Purchase of Property, Leasehold Improvements and Equipment	-4.34	-5.49	-2.31
Purchase of Investment Securities	-664	-476	-1,528
Sale and/or Maturity of Investments	343	189	786
Other Investing Activities, net	-27	198	238
Net Cash From Financing Activities	336	80	474
Net Cash From Continuing Financing Activities	336	80	474
Net Change in Deposits	154	327	360
Issuance of Debt	299	55	624
Issuance of Common Equity	0.00	0.00	66
Repayment of Debt	-56	-265	-551
Repurchase of Common Equity	-27	-11	0.00
Payment of Dividends	-27	-26	-26
Other Financing Activities, Net	-6.18	0.53	0.99
Cash Interest Paid	64	215	279
Cash Income Taxes Paid	32	6.27	8.58

This table details how cash moves in and out of Flushing Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	28	-13	25	-17	41	-29	39	-54	111	-115
Net Cash From Operating Activities	20	21	-10	11	10	23	-6.23	9.57	5.40	3.67
Net Cash From Continuing Operating Activities	20	21	-10	11	10	23	-6.23	9.57	5.40	3.67
Net Income / (Loss) Continuing Operations	23	10	4.04	8.69	7.84	8.10	3.68	5.32	8.91	-49
Consolidated Net Income / (Loss)	23	10	4.04	8.69	7.84	8.10	3.68	5.32	8.91	-49
Provision For Loan Losses	2.15	-0.01	7.51	1.42	0.60	1.00	0.59	0.81	1.73	6.44
Depreciation Expense	1.49	1.54	1.51	1.48	1.48	1.49	1.46	1.43	1.44	1.41
Amortization Expense	-0.12	0.96	1.36	0.76	0.40	-1.55	0.98	1.31	0.83	0.79
Non-Cash Adjustments to Reconcile Net Income	-5.03	5.88	1.06	1.06	0.58	-2.29	3.27	-2.63	-0.49	57
Changes in Operating Assets and Liabilities, net	-1.84	2.42	-26	-2.05	-0.51	17	-16	3.34	-7.00	-12
Net Cash From Investing Activities	-189	141	-39	26	-63	-19	-214	-355	-83	147
Net Cash From Continuing Investing Activities	-189	141	-39	26	-63	-19	-214	-355	-83	147
Purchase of Property, Leasehold Improvements and Equipment	-1.58	-0.91	-1.33	-2.10	-0.60	-1.46	-0.29	-0.78	-0.55	-0.69
Purchase of Investment Securities	-192	-92	-193	-123	-91	-69	-452	-494	-151	-430
Sale and/or Maturity of Investments	64	132	80	48	74	-13	79	80	80	547
Other Investing Activities, net	-60	102	75	103	-44	64	159	59	-12	31
Net Cash From Financing Activities	197	-175	74	-54	93	-33	259	292	189	-266
Net Cash From Continuing Financing Activities	197	-175	74	-54	93	-33	259	292	189	-266
Net Change in Deposits	-295	382	218	10	-57	155	406	-322	650	-373
Issuance of Debt	489	-515	-163	9.07	143	67	29	645	-470	420
Repayment of Debt	-	-5.69	0.00	-39	-	-226	-200	-	-	-351
Payment of Dividends	-6.76	-6.64	-6.66	-6.60	-6.53	-6.47	-6.54	-6.50	-6.54	-6.46
Other Financing Activities, Net	13	-25	29	-21	14	-22	30	-24	16	-20
Cash Interest Paid	16	31	49	48	58	60	66	68	70	75
Cash Income Taxes Paid	8.34	7.85	1.99	4.09	0.19	-0.00	3.17	1.37	1.64	2.40

This table presents Flushing Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	8,423	8,537	9,039
Cash and Due from Banks	152	172	153
Trading Account Securities	809	948	1,619
Loans and Leases, Net of Allowance	6,894	6,867	6,706
Loans and Leases	6,935	6,907	6,746
Allowance for Loan and Lease Losses	40	40	40
Accrued Investment Income	45	59	62
Premises and Equipment, Net	22	21	18
Goodwill	18	18	18
Intangible Assets	2.02	1.54	1.12
Other Assets	481	451	463
Total Liabilities & Shareholders' Equity	8,423	8,537	9,039
Total Liabilities	7,746	7,867	8,314
Non-Interest Bearing Deposits	921	847	837
Interest Bearing Deposits	5,564	5,968	6,342
Long-Term Debt	1,053	841	916
Other Long-Term Liabilities	207	211	219
Total Equity & Noncontrolling Interests	677	670	725
Total Preferred & Common Equity	677	670	725
Preferred Stock	0.00	0.00	0.00
Total Common Equity	677	670	725
Common Stock	265	265	327
Retained Earnings	548	550	492
Treasury Stock	-99	-106	-102
Accumulated Other Comprehensive Income / (Loss)	-36	-39	7.13

This table presents Flushing Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	8,557	8,480	8,475	8,579	8,807	9,097	9,281
Cash and Due from Banks	165	177	160	201	211	157	268
Trading Account Securities	894	885	943	917	1,249	1,621	1,686
Loans and Leases, Net of Allowance	6,915	6,865	6,794	6,857	6,781	6,735	6,778
Loans and Leases	6,957	6,904	6,832	6,896	6,822	6,777	6,818
Allowance for Loan and Lease Losses	41	39	39	39	41	42	40
Accrued Investment Income	43	47	53	56	61	63	64
Premises and Equipment, Net	22	22	22	21	20	19	19
Goodwill	18	18	18	18	18	18	18
Intangible Assets	2.15	1.89	1.77	1.65	1.43	1.32	1.22
Other Assets	499	464	484	509	466	483	448
Total Liabilities & Shareholders' Equity	8,557	8,480	8,475	8,579	8,807	9,097	9,281
Total Liabilities	7,887	7,807	7,805	7,913	8,137	8,432	8,614
Non-Interest Bearing Deposits	992	872	828	874	816	825	861
Interest Bearing Deposits	5,133	5,862	5,896	5,807	6,437	6,082	6,711
Long-Term Debt	1,573	888	857	1,001	671	1,317	846
Other Long-Term Liabilities	189	186	224	230	213	208	195
Total Equity & Noncontrolling Interests	671	672	670	667	670	665	667
Total Preferred & Common Equity	671	672	670	667	670	665	667
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	671	672	670	667	670	665	667
Common Stock	264	263	264	265	261	261	262
Retained Earnings	544	545	547	548	547	545	548
Treasury Stock	-91	-98	-105	-105	-102	-102	-102
Accumulated Other Comprehensive Income / (Loss)	-46	-38	-36	-41	-36	-39	-41

This table displays calculated financial ratios and metrics derived from Flushing Financial's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	0.78%	-20.46%	-38.25%
EBITDA Growth	-2.48%	-58.41%	-182.58%
EBIT Growth	-4.05%	-62.01%	-221.17%
NOPAT Growth	-5.93%	-62.75%	-217.87%
Net Income Growth	-5.93%	-62.75%	-209.31%
EPS Growth	-3.47%	-61.60%	-209.38%
Operating Cash Flow Growth	-3.21%	-59.67%	-64.11%
Free Cash Flow Firm Growth	-169.76%	256.74%	-165.92%
Invested Capital Growth	15.71%	-12.66%	8.57%
Revenue Q/Q Growth	-5.88%	3.56%	-37.04%
EBITDA Q/Q Growth	-7.60%	-7.18%	-190.42%
EBIT Q/Q Growth	-8.71%	-2.60%	-236.56%
NOPAT Q/Q Growth	-9.24%	-6.98%	-229.89%
Net Income Q/Q Growth	-9.24%	-6.98%	-220.46%
EPS Q/Q Growth	-8.09%	-6.80%	-219.32%
Operating Cash Flow Q/Q Growth	-8.46%	6.88%	-61.21%
Free Cash Flow Firm Q/Q Growth	78.58%	-59.19%	-190.44%
Invested Capital Q/Q Growth	-22.88%	-9.38%	8.43%
Profitability Metrics	-	-	-
EBITDA Margin	44.34%	23.19%	-31.01%
EBIT Margin	41.34%	19.74%	-38.75%
Profit (Net Income) Margin	30.34%	14.21%	-25.15%
Tax Burden Percent	73.38%	71.96%	64.92%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	26.62%	28.04%	0.00%
Return on Invested Capital (ROIC)	4.77%	1.77%	-2.14%
ROIC Less NNEP Spread (ROIC-NNEP)	4.77%	1.77%	-1.86%
Return on Net Nonoperating Assets (RNNOA)	6.57%	2.49%	-2.35%
Return on Equity (ROE)	11.34%	4.26%	-4.49%
Cash Return on Invested Capital (CROIC)	-9.80%	15.28%	-10.36%
Operating Return on Assets (OROA)	1.27%	0.47%	-0.55%
Return on Assets (ROA)	0.93%	0.34%	-0.36%
Return on Common Equity (ROCE)	11.34%	4.26%	-4.49%
Return on Equity Simple (ROE_SIMPLE)	11.36%	4.28%	-4.32%
Net Operating Profit after Tax (NOPAT)	77	29	-34
NOPAT Margin	30.34%	14.21%	-27.12%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	-0.28%
SG&A Expenses to Revenue	41.23%	52.71%	91.04%
Operating Expenses to Revenue	56.66%	75.04%	131.07%
Earnings before Interest and Taxes (EBIT)	105	40	-48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	112	47	-39
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.75	0.67	0.57
Price to Tangible Book Value (P/TBV)	0.78	0.69	0.59
Price to Revenue (P/Rev)	2.01	2.22	3.33
Price to Earnings (P/E)	6.62	15.60	0.00
Dividend Yield	5.15%	5.69%	6.16%
Earnings Yield	15.10%	6.41%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.82	0.74	0.72
Enterprise Value to Revenue (EV/Rev)	5.56	5.53	9.46
Enterprise Value to EBITDA (EV/EBITDA)	12.54	23.86	0.00
Enterprise Value to EBIT (EV/EBIT)	13.46	28.02	0.00
Enterprise Value to NOPAT (EV/NOPAT)	18.34	38.94	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	16.45	32.28	94.96
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	4.51	0.00
Leverage & Solvency	-	-	-
Debt to Equity	1.56	1.26	1.26
Long-Term Debt to Equity	1.56	1.26	1.26
Financial Leverage	1.38	1.41	1.26
Leverage Ratio	12.14	12.59	12.61
Compound Leverage Factor	12.14	12.59	12.61
Debt to Total Capital	60.86%	55.67%	55.84%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	60.86%	55.67%	55.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	39.14%	44.33%	44.16%
Debt to EBITDA	9.36	17.99	-23.71
Net Debt to EBITDA	8.01	14.30	-19.76
Long-Term Debt to EBITDA	9.36	17.99	-23.71
Debt to NOPAT	13.68	29.35	-27.11
Net Debt to NOPAT	11.71	23.34	-22.60
Long-Term Debt to NOPAT	13.68	29.35	-27.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-158	248	-163
Operating Cash Flow to CapEx	1,975.01%	630.19%	537.32%
Free Cash Flow to Firm to Interest Expense	-2.16	1.11	-0.58
Operating Cash Flow to Interest Expense	1.17	0.16	0.04
Operating Cash Flow Less CapEx to Interest Expense	1.12	0.13	0.04
Efficiency Ratios	-	-	-
Asset Turnover	0.03	0.02	0.01
Fixed Asset Turnover	11.25	9.38	6.37
Capital & Investment Metrics	-	-	-
Invested Capital	1,730	1,511	1,641
Invested Capital Turnover	0.16	0.12	0.08
Increase / (Decrease) in Invested Capital	235	-219	129
Enterprise Value (EV)	1,411	1,116	1,179
Market Capitalization	510	447	415
Book Value per Share	$22.72	$23.17	$24.92
Tangible Book Value per Share	$22.06	$22.51	$24.28
Total Capital	1,730	1,511	1,641
Total Debt	1,053	841	916
Total Long-Term Debt	1,053	841	916
Net Debt	901	669	763
Capital Expenditures (CapEx)	4.34	5.49	2.31
Net Nonoperating Expense (NNE)	0.00	0.00	-2.45
Net Nonoperating Obligations (NNO)	1,053	841	916
Total Depreciation and Amortization (D&A)	7.61	6.94	9.64
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$2.50	$0.96	($1.05)
Adjusted Weighted Average Basic Shares Outstanding	29.49M	29.07M	33.78M
Adjusted Diluted Earnings per Share	$2.50	$0.96	($1.05)
Adjusted Weighted Average Diluted Shares Outstanding	29.49M	29.07M	33.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.49M	29.07M	33.78M
Normalized Net Operating Profit after Tax (NOPAT)	77	29	-34
Normalized NOPAT Margin	30.34%	14.21%	-27.22%
Pre Tax Income Margin	41.34%	19.74%	-38.75%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	1.44	0.18	-0.17
NOPAT to Interest Expense	1.05	0.13	-0.12
EBIT Less CapEx to Interest Expense	1.38	0.15	-0.18
NOPAT Less CapEx to Interest Expense	0.99	0.10	-0.13
Payout Ratios	-	-	-
Dividend Payout Ratio	35.13%	91.61%	-83.12%
Augmented Payout Ratio	70.54%	131.64%	-83.12%

This table displays calculated financial ratios and metrics derived from Flushing Financial's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.30%	-25.40%	-19.56%	-32.86%	-32.00%	14.90%	-12.74%	-2.91%	8.68%	-136.99%
EBITDA Growth	-5.41%	-37.67%	-67.67%	-62.47%	-62.60%	-23.61%	-10.71%	-30.10%	8.59%	-695.41%
EBIT Growth	-6.87%	-43.84%	-77.86%	-66.05%	-66.84%	-8.31%	-8.40%	-39.89%	6.56%	-711.34%
NOPAT Growth	-7.76%	-43.32%	-77.80%	-65.30%	-66.58%	-20.98%	-8.90%	-38.73%	13.67%	-721.06%
Net Income Growth	-7.76%	-43.32%	-77.80%	-65.30%	-66.58%	-20.98%	-8.90%	-38.73%	13.67%	-708.04%
EPS Growth	-6.17%	-38.60%	-77.59%	-64.20%	-65.79%	-20.00%	-7.69%	-37.93%	15.38%	-689.29%
Operating Cash Flow Growth	-15.15%	-27.37%	-125.67%	179.43%	-48.27%	10.59%	40.21%	-15.75%	-47.99%	-84.23%
Free Cash Flow Firm Growth	-255.23%	-238.03%	-105.38%	322.75%	173.07%	201.07%	7,829.98%	-285.91%	-72.01%	-179.16%
Invested Capital Growth	57.88%	15.71%	0.45%	-13.22%	-25.67%	-12.66%	-14.01%	29.73%	-9.27%	8.57%
Revenue Q/Q Growth	-2.61%	-33.69%	11.97%	-7.14%	-1.37%	12.05%	-14.97%	3.32%	10.40%	-138.14%
EBITDA Q/Q Growth	-10.18%	-54.67%	-45.64%	69.59%	-10.50%	-7.42%	-36.46%	32.77%	39.02%	-607.66%
EBIT Q/Q Growth	-7.29%	-60.46%	-57.45%	117.64%	-9.43%	9.32%	-57.49%	42.81%	60.55%	-727.19%
NOPAT Q/Q Growth	-6.36%	-56.28%	-60.54%	114.79%	-9.80%	3.37%	-54.51%	44.46%	67.34%	-664.79%
Net Income Q/Q Growth	-6.36%	-56.28%	-60.54%	114.79%	-9.80%	3.37%	-54.51%	44.46%	67.34%	-652.94%
EPS Q/Q Growth	-6.17%	-53.95%	-62.86%	123.08%	-10.34%	7.69%	-57.14%	50.00%	66.67%	-650.00%
Operating Cash Flow Q/Q Growth	394.10%	4.70%	-149.54%	209.03%	-8.54%	123.84%	-126.79%	253.64%	-43.54%	-32.11%
Free Cash Flow Firm Q/Q Growth	-637.14%	71.88%	98.72%	8,499.03%	141.79%	-61.10%	-2.15%	-302.00%	136.40%	-210.01%
Invested Capital Q/Q Growth	27.44%	-22.88%	-9.84%	-2.06%	9.16%	-9.38%	-11.24%	47.76%	-23.66%	8.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	48.13%	32.90%	15.97%	29.17%	26.47%	21.87%	16.34%	21.00%	26.45%	0.00%
EBIT Margin	46.18%	27.54%	10.47%	24.53%	22.52%	21.98%	10.99%	15.19%	22.08%	0.00%
Profit (Net Income) Margin	33.39%	22.02%	7.76%	17.95%	16.41%	15.14%	8.10%	11.33%	17.17%	0.00%
Tax Burden Percent	72.30%	79.95%	74.13%	73.16%	72.87%	68.90%	73.72%	74.58%	77.73%	68.53%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	27.70%	20.05%	25.87%	26.84%	27.13%	31.10%	26.28%	25.42%	22.27%	0.00%
Return on Invested Capital (ROIC)	4.91%	3.46%	1.20%	2.37%	1.64%	1.88%	1.09%	1.25%	2.14%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	4.91%	3.46%	1.20%	2.37%	1.64%	1.88%	1.09%	1.25%	2.14%	0.00%
Return on Net Nonoperating Assets (RNNOA)	8.53%	4.77%	1.57%	3.44%	3.15%	2.65%	1.27%	2.03%	2.96%	0.00%
Return on Equity (ROE)	13.44%	8.23%	2.77%	5.82%	4.78%	4.54%	2.35%	3.29%	5.09%	0.00%
Cash Return on Invested Capital (CROIC)	-40.26%	-9.80%	3.59%	16.98%	31.03%	15.28%	17.02%	-24.46%	11.35%	-10.36%
Operating Return on Assets (OROA)	1.50%	0.85%	0.30%	0.63%	0.51%	0.52%	0.25%	0.33%	0.49%	0.00%
Return on Assets (ROA)	1.08%	0.68%	0.22%	0.46%	0.37%	0.36%	0.18%	0.25%	0.38%	0.00%
Return on Common Equity (ROCE)	13.44%	8.23%	2.77%	5.82%	4.78%	4.54%	2.35%	3.29%	5.09%	0.00%
Return on Equity Simple (ROE_SIMPLE)	12.64%	0.00%	9.34%	6.93%	4.62%	0.00%	4.23%	3.75%	3.90%	0.00%
Net Operating Profit after Tax (NOPAT)	23	10	4.04	8.69	7.84	8.10	3.68	5.32	8.91	-50
NOPAT Margin	33.39%	22.02%	7.76%	17.95%	16.41%	15.14%	8.10%	11.33%	17.17%	0.00%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.12%
SG&A Expenses to Revenue	37.53%	50.05%	53.32%	51.03%	52.66%	53.66%	60.73%	57.93%	53.28%	0.00%
Operating Expenses to Revenue	50.76%	72.49%	75.13%	72.54%	76.23%	76.16%	87.71%	83.09%	74.59%	0.00%
Earnings before Interest and Taxes (EBIT)	32	13	5.46	12	11	12	5.00	7.14	11	-72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	34	15	8.33	14	13	12	7.43	9.87	14	-70
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.78	0.75	0.60	0.51	0.53	0.67	0.54	0.57	0.64	0.57
Price to Tangible Book Value (P/TBV)	0.80	0.78	0.62	0.52	0.55	0.69	0.55	0.59	0.65	0.59
Price to Revenue (P/Rev)	1.94	2.01	1.67	1.56	1.83	2.22	1.85	1.97	2.14	3.33
Price to Earnings (P/E)	6.15	6.62	6.43	7.31	11.56	15.60	12.72	15.33	16.29	0.00
Dividend Yield	5.00%	5.15%	6.43%	7.65%	7.16%	5.69%	7.10%	6.69%	6.04%	6.16%
Earnings Yield	16.26%	15.10%	15.56%	13.68%	8.65%	6.41%	7.86%	6.52%	6.14%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.86	0.82	0.71	0.68	0.69	0.74	0.61	0.78	0.66	0.72
Enterprise Value to Revenue (EV/Rev)	7.16	5.56	4.62	4.77	5.94	5.53	4.21	7.96	5.07	9.46
Enterprise Value to EBITDA (EV/EBITDA)	15.85	12.54	11.72	14.49	22.94	23.86	17.89	37.03	23.46	0.00
Enterprise Value to EBIT (EV/EBIT)	16.80	13.46	13.01	16.57	28.27	28.02	20.85	44.51	28.36	0.00
Enterprise Value to NOPAT (EV/NOPAT)	22.76	18.34	17.75	22.33	37.52	38.94	29.00	61.82	38.53	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	20.60	16.45	32.05	24.65	35.73	32.28	21.17	41.69	31.32	94.96
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	19.95	3.71	1.91	4.51	3.33	0.00	5.55	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.35	1.56	1.32	1.28	1.50	1.26	1.00	1.98	1.27	1.26
Long-Term Debt to Equity	2.35	1.56	1.32	1.28	1.50	1.26	1.00	1.98	1.27	1.26
Financial Leverage	1.74	1.38	1.31	1.45	1.92	1.41	1.16	1.63	1.39	1.26
Leverage Ratio	12.43	12.14	12.35	12.54	12.82	12.59	12.88	13.16	13.39	12.61
Compound Leverage Factor	12.43	12.14	12.35	12.54	12.82	12.59	12.88	13.16	13.39	12.61
Debt to Total Capital	70.10%	60.86%	56.90%	56.13%	60.03%	55.67%	50.06%	66.43%	55.92%	55.84%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	70.10%	60.86%	56.90%	56.13%	60.03%	55.67%	50.06%	66.43%	55.92%	55.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	29.90%	39.14%	43.10%	43.87%	39.97%	44.33%	49.94%	33.57%	44.08%	44.16%
Debt to EBITDA	12.92	9.36	9.34	11.98	19.86	17.99	14.63	31.62	19.81	-23.71
Net Debt to EBITDA	11.57	8.01	7.48	9.75	15.88	14.30	10.04	27.85	13.54	-19.76
Long-Term Debt to EBITDA	12.92	9.36	9.34	11.98	19.86	17.99	14.63	31.62	19.81	-23.71
Debt to NOPAT	18.55	13.68	14.14	18.47	32.49	29.35	23.72	52.79	32.53	-27.11
Net Debt to NOPAT	16.61	11.71	11.32	15.02	25.97	23.34	16.28	46.50	22.24	-22.60
Long-Term Debt to NOPAT	18.55	13.68	14.14	18.47	32.49	29.35	23.72	52.79	32.53	-27.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-799	-225	-2.88	241	584	227	222	-449	163	-180
Operating Cash Flow to CapEx	1,272.01%	2,313.31%	-785.08%	541.68%	1,725.75%	1,590.63%	-2,170.38%	1,228.50%	975.27%	531.59%
Free Cash Flow to Firm to Interest Expense	-38.91	-6.41	-0.06	4.54	9.79	3.62	3.31	-6.37	2.12	-2.61
Operating Cash Flow to Interest Expense	0.98	0.60	-0.22	0.21	0.17	0.37	-0.09	0.14	0.07	0.05
Operating Cash Flow Less CapEx to Interest Expense	0.90	0.57	-0.25	0.17	0.16	0.35	-0.10	0.12	0.06	0.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.01
Fixed Asset Turnover	11.62	11.25	10.87	9.77	8.92	9.38	9.36	9.31	9.93	6.37
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,244	1,730	1,560	1,528	1,668	1,511	1,341	1,982	1,513	1,641
Invested Capital Turnover	0.15	0.16	0.15	0.13	0.10	0.12	0.13	0.11	0.12	0.08
Increase / (Decrease) in Invested Capital	823	235	6.92	-233	-576	-219	-219	454	-155	129
Enterprise Value (EV)	1,930	1,411	1,114	1,037	1,156	1,116	821	1,542	1,002	1,179
Market Capitalization	521	510	403	339	356	447	360	382	424	415
Book Value per Share	$22.37	$22.72	$22.80	$22.73	$23.01	$23.17	$23.04	$22.89	$22.94	$24.92
Tangible Book Value per Share	$21.71	$22.06	$22.14	$22.07	$22.35	$22.51	$22.39	$22.24	$22.29	$24.28
Total Capital	2,244	1,730	1,560	1,528	1,668	1,511	1,341	1,982	1,513	1,641
Total Debt	1,573	1,053	888	857	1,001	841	671	1,317	846	916
Total Long-Term Debt	1,573	1,053	888	857	1,001	841	671	1,317	846	916
Net Debt	1,408	901	711	697	800	669	461	1,160	578	763
Capital Expenditures (CapEx)	1.58	0.91	1.33	2.10	0.60	1.46	0.29	0.78	0.55	0.69
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-1.05
Net Nonoperating Obligations (NNO)	1,573	1,053	888	857	1,001	841	671	1,317	846	916
Total Depreciation and Amortization (D&A)	1.36	2.50	2.87	2.25	1.88	-0.06	2.44	2.73	2.26	2.21
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.76	$0.35	$0.00	$0.00	$0.00	$0.28	$0.12	$0.18	$0.30	($1.65)
Adjusted Weighted Average Basic Shares Outstanding	29.81M	29.49M	0.00	0.00	0.00	29.07M	29.07M	29.07M	29.07M	33.78M
Adjusted Diluted Earnings per Share	$0.76	$0.35	$0.00	$0.00	$0.00	$0.28	$0.12	$0.18	$0.30	($1.65)
Adjusted Weighted Average Diluted Shares Outstanding	29.81M	29.49M	0.00	0.00	0.00	29.07M	29.07M	29.07M	29.07M	33.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.81M	29.49M	0.00	0.00	0.00	29.07M	29.07M	29.07M	29.07M	33.78M
Normalized Net Operating Profit after Tax (NOPAT)	23	10	4.04	8.69	7.84	8.10	3.68	5.32	8.77	-50
Normalized NOPAT Margin	33.39%	22.02%	7.76%	17.95%	16.41%	15.14%	8.10%	11.33%	16.91%	0.00%
Pre Tax Income Margin	46.18%	27.54%	10.47%	24.53%	22.52%	21.98%	10.99%	15.19%	22.08%	0.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.58	0.37	0.12	0.22	0.18	0.19	0.07	0.10	0.15	-1.04
NOPAT to Interest Expense	1.14	0.29	0.09	0.16	0.13	0.13	0.05	0.08	0.12	-0.73
EBIT Less CapEx to Interest Expense	1.50	0.34	0.09	0.18	0.17	0.16	0.07	0.09	0.14	-1.05
NOPAT Less CapEx to Interest Expense	1.06	0.27	0.06	0.12	0.12	0.11	0.05	0.06	0.11	-0.74
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.85%	35.13%	42.76%	57.41%	85.75%	91.61%	92.35%	104.42%	100.17%	-83.12%
Augmented Payout Ratio	62.17%	70.54%	77.62%	100.87%	145.44%	131.64%	128.07%	117.53%	109.13%	-83.12%

Frequently Asked Questions About Flushing Financial's Financials

When does Flushing Financial's fiscal year end?

According to the most recent income statement we have on file, Flushing Financial's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Flushing Financial's net income changed over the last 2 years?

Flushing Financial's net income appears to be on a downward trend, with a most recent value of -$31.33 million in 2024, falling from $76.95 million in 2022. The previous period was $28.66 million in 2023. View Flushing Financial's forecast to see where analysts expect Flushing Financial to go next.

How has Flushing Financial revenue changed over the last 2 years?

Over the last 2 years, Flushing Financial's total revenue changed from $253.63 million in 2022 to $124.57 million in 2024, a change of -50.9%.

How much debt does Flushing Financial have?

Flushing Financial's total liabilities were at $8.31 billion at the end of 2024, a 5.7% increase from 2023, and a 7.3% increase since 2022.

How much cash does Flushing Financial have?

In the past 2 years, Flushing Financial's cash and equivalents has ranged from $151.75 million in 2022 to $172.16 million in 2023, and is currently $152.57 million as of their latest financial filing in 2024.

How has Flushing Financial's book value per share changed over the last 2 years?

Over the last 2 years, Flushing Financial's book value per share changed from 22.72 in 2022 to 24.92 in 2024, a change of 9.7%.

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This page (NASDAQ:FFIC) was last updated on 5/4/2025 by MarketBeat.com Staff

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Flushing Financial (FFIC) Financials

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Flushing Financial (FFIC) Financials

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