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Flushing Financial (FFIC) Financials

Flushing Financial logo
$13.77 -0.19 (-1.39%)
As of 02:02 PM Eastern
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Annual Income Statements for Flushing Financial

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

Quarterly Income Statements for Flushing Financial

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

Annual Cash Flow Statements for Flushing Financial

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

Quarterly Cash Flow Statements for Flushing Financial

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

Annual Balance Sheets for Flushing Financial

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

Quarterly Balance Sheets for Flushing Financial

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

Annual Metrics And Ratios for Flushing Financial

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%

Quarterly Metrics And Ratios for Flushing Financial

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%

Financials Breakdown Chart

Key Financial Trends

Flushing Financial Corp (NASDAQ:FFIC) experienced notable financial fluctuations over the past four years, with specific challenges evident in the most recent quarter.

Positive Points:

  • Loans and leases interest income increased over the years, from approximately $75.5 million in Q3 2022 to $94.1 million in Q4 2024, indicating loan portfolio growth or higher lending rates.
  • Total interest income rose steadily, reaching about $120 million in Q4 2024 from about $81.7 million in Q3 2022, supporting stronger core earnings.
  • Operating expenses have remained somewhat stable relative to revenue, showcasing cost control with non-interest expense of $45.6 million in Q4 2024 compared to $35.6 million in Q3 2022 despite growth.
  • The bank maintained strong cash and equivalents, with balances consistently above $150 million over the past year, supporting liquidity.
  • The company declared steady dividends of $0.22 per common share consistently across all quarters, reassuring investors.
  • Net cash from operating activities remained positive in most recent quarters with $3.7 million in Q4 2024, indicating operational cash generation despite net losses.

Neutral Points:

  • Total assets have generally increased, from roughly $8.6 billion in Q3 2022 to about $9.3 billion by Q3 2024; this comes with increased liabilities and equity, showing growth but also more leverage.
  • Debt issuance and repayments have been large and fluctuating, such as issuance of $420 million and repayments of $351 million in Q4 2024, reflecting active balance sheet management.
  • Allowance for loan and lease losses rose moderately, aligning with portfolio growth and credit risk management.
  • Weighted average shares outstanding increased from about 29 million shares in 2023 to nearly 33.8 million in late 2024, potentially diluting earnings per share.

Negative Points:

  • The Q4 2024 quarterly financials show a sharp net loss of $49.2 million, compared to profits in previous quarters, indicating operational difficulties.
  • Total revenue in Q4 2024 was negative at approximately -$19.8 million, mainly due to a large unrealized and realized capital loss on investments (-$77.3 million), which heavily impacted overall profitability.
  • Provision for credit losses increased to $6.4 million in Q4 2024, significantly higher than earlier quarters, suggesting rising credit concerns.
  • Net interest income dropped in Q4 2024 to $51.2 million from $45.6 million in Q3 2024 despite growing interest income, due to much higher interest expense.
  • The bank experienced a large negative net change in cash and equivalents of -$115 million in Q4 2024, indicative of cash outflows exceeding inflows.
  • Diluted earnings per share turned negative at -$1.65 in Q4 2024 from positive results in earlier quarters, reflecting the deep loss and share count increase.
  • Other non-interest income experienced substantial volatility, swinging from positive in quarters such as Q3 2024 to large negative impacts in Q4 2024, impacting income stability.
  • Total liabilities increased markedly, especially long-term debt rising from $1 billion in Q3 2022 to $846 million by Q3 2024, increasing financial leverage and risk.
  • Non-cash adjustments to reconcile net income rose sharply in Q4 2024 to over $56.7 million positive but were coupled with large declines in net income, signaling accounting volatility.
  • Net cash from financing activities was strongly negative in Q4 2024 (-$265.8 million), associated with deposit declines and debt repayments, pressuring liquidity.

In summary, while Flushing Financial shows growth in interest income and assets alongside disciplined expense control, the large investment losses in Q4 2024 have severely affected profitability. Investors should monitor the firm’s ability to stabilize earnings, control credit risk, and manage investment portfolios given recent significant unrealized losses and elevated provisions.

09/29/25 02:03 PM ETAI Generated. May Contain Errors.

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's 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 9/29/2025 by MarketBeat.com Staff
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