Flushing Financial (FFIC) Financials

$11.92 -0.24 (-1.97%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$11.92 +0.01 (+0.04%)

As of 05/23/2025 06:59 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-31	29	77
Consolidated Net Income / (Loss)	-31	29	77
Net Income / (Loss) Continuing Operations	-31	29	77
Total Pre-Tax Income	-48	40	105
Total Revenue	125	202	254
Net Interest Income / (Expense)	182	179	244
Total Interest Income	465	401	317
Loans and Leases Interest Income	376	355	293
Investment Securities Interest Income	79	38	21
Other Interest Income	11	8.41	2.42
Total Interest Expense	283	222	73
Deposits Interest Expense	245	189	47
Other Interest Expense	39	34	26
Total Non-Interest Income	-57	23	10
Other Service Charges	10	12	6.70
Net Realized & Unrealized Capital Gains on Investments	-77	2.68	-5.00
Other Non-Interest Income	9.08	8.37	8.31
Provision for Credit Losses	9.57	11	5.08
Total Non-Interest Expense	163	151	144
Salaries and Employee Benefits	91	86	84
Net Occupancy & Equipment Expense	22	20	20
Property & Liability Insurance Claims	6.30	3.99	2.26
Other Operating Expenses	38	35	31
Depreciation Expense	5.73	5.97	5.93
Other Special Charges	-0.17	0.00	0.00
Income Tax Expense	-17	11	28
Basic Earnings per Share	($1.05)	$0.96	$2.50
Weighted Average Basic Shares Outstanding	33.78M	29.07M	29.49M
Diluted Earnings per Share	($1.05)	$0.96	$2.50
Weighted Average Diluted Shares Outstanding	33.78M	29.07M	29.49M
Weighted Average Basic & Diluted Shares Outstanding	33.78M	29.07M	29.49M
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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-49	8.91	5.32	3.68	8.10	7.84	8.69	4.04	10	23
Consolidated Net Income / (Loss)	-49	8.91	5.32	3.68	8.10	7.84	8.69	4.04	10	23
Net Income / (Loss) Continuing Operations	-49	8.91	5.32	3.68	8.10	7.84	8.69	4.04	10	23
Total Pre-Tax Income	-72	11	7.14	5.00	12	11	12	5.46	13	32
Total Revenue	-20	52	47	45	53	48	48	52	47	70
Net Interest Income / (Expense)	51	46	43	42	46	44	43	45	54	61
Total Interest Income	120	123	113	109	109	104	97	92	89	82
Loans and Leases Interest Income	94	96	93	93	96	91	85	83	81	76
Investment Securities Interest Income	24	24	18	13	11	10	9.20	7.27	6.54	5.69
Other Interest Income	1.79	2.57	2.26	3.97	2.31	2.15	1.98	1.96	1.70	0.51
Total Interest Expense	69	77	70	67	63	60	53	47	35	21
Deposits Interest Expense	60	66	61	58	53	50	46	39	27	12
Other Interest Expense	9.08	11	9.56	9.24	9.39	9.54	6.93	7.80	7.84	8.57
Total Non-Interest Income	-71	6.28	4.22	3.08	7.40	3.31	5.02	6.86	-7.65	9.00
Other Service Charges	2.91	3.28	2.24	1.87	3.97	2.75	2.44	2.38	1.70	1.70
Net Realized & Unrealized Capital Gains on Investments	-77	1.11	0.08	-0.72	0.91	-1.25	0.35	2.67	-11	5.63
Other Non-Interest Income	3.36	1.89	1.89	1.94	2.53	1.80	2.23	1.81	2.07	1.67
Provision for Credit Losses	6.44	1.73	0.81	0.59	1.00	0.60	1.42	7.51	-0.01	2.15
Total Non-Interest Expense	46	39	39	40	41	36	35	39	34	36
Salaries and Employee Benefits	25	22	22	22	23	20	20	23	18	21
Net Occupancy & Equipment Expense	5.58	5.43	5.50	5.51	5.34	4.79	5.01	5.23	5.12	4.91
Property & Liability Insurance Claims	2.01	1.32	1.32	1.65	1.16	0.91	0.94	0.98	0.49	0.74
Other Operating Expenses	11	8.47	9.08	9.16	9.38	8.86	7.99	8.88	8.42	7.06
Depreciation Expense	1.41	1.44	1.43	1.46	1.49	1.48	1.48	1.51	1.54	1.49
Income Tax Expense	-23	2.55	1.81	1.31	3.66	2.92	3.19	1.41	2.57	8.98
Basic Earnings per Share	($1.65)	$0.30	$0.18	$0.12	$0.28	$0.26	$0.29	$0.13	$0.35	$0.76
Weighted Average Basic Shares Outstanding	33.78M	29.07M	29.07M	29.07M	29.07M	28.90M	28.96M	29.49M	29.49M	29.81M
Diluted Earnings per Share	($1.65)	$0.30	$0.18	$0.12	$0.28	$0.26	$0.29	$0.13	$0.35	$0.76
Weighted Average Diluted Shares Outstanding	33.78M	29.07M	29.07M	29.07M	29.07M	28.90M	28.96M	29.49M	29.49M	29.81M
Weighted Average Basic & Diluted Shares Outstanding	33.78M	29.07M	29.07M	29.07M	29.07M	28.90M	28.96M	29.49M	29.49M	29.81M

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

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

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

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

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

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

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

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

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. See Flushing Financial's forecast for analyst expectations on what’s next for the company.

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 5/24/2025 by MarketBeat.com Staff

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Flushing Financial (FFIC) Financials

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Flushing Financial (FFIC) Financials

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