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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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% |
Key Financial Trends
Flushing Financial Corp (NASDAQ:FFIC) has demonstrated a number of financial trends through the past four years, especially across quarterly periods from 2022 through 2024. Here are the key insights from the income statements, cash flow statements, and balance sheets.
- Net Interest Income has generally increased over time, from around $45M in Q1 2023 to $51.2M in Q4 2024, indicating improved core banking profitability.
- Loans and Leases Interest Income steadily rose from approximately $82.9M in Q1 2023 to $94.1M in Q4 2024, reflecting growth in the bank's loan portfolio or better yields.
- The company consistently paid dividends at $0.22 per share since 2022, suggesting a commitment to shareholder returns.
- The balance sheet has grown in total assets from about $8.48 billion in Q1 2023 to approximately $9.28 billion by Q3 2024, highlighting expansion over the period.
- Net loans and leases, net of allowance, have stayed above $6.7 billion since early 2023, indicating stable lending activity and asset base.
- The company has moderately varied its deposit base and debt — long-term debt fluctuated from $671M in Q1 2024 to $846M in Q3 2024, which is consistent with typical bank financing strategies.
- Allowance for loan and lease losses has also been consistent in the $40 million range, showing steady credit risk management.
- Flushing Financial reported a significant loss in Q4 2024 with net income at -$49.2 million, primarily driven by a large unrealized capital loss of -$77.3 million on investments that quarter.
- Total non-interest expenses increased to $45.6 million in Q4 2024 from the mid $30 million range in previous quarters, which pressured profitability.
- Net cash flow from financing activities was negative -$265.8 million in Q4 2024, resulting mainly from a net decrease in deposits and debt repayments, potentially indicating liquidity or funding challenges.
Summary: Flushing Financial showed solid underlying interest income growth and steadily growing assets and loans over recent years, supporting its core banking business. Consistent dividend payments underline shareholder value efforts. However, Q4 2024 was marked by a sharp investment portfolio loss and higher expenses leading to a quarterly net loss, which is a red flag for investors. The company’s ability to manage investment volatility and control costs will be critical going forward. Monitoring future quarters for recovery in earnings and stabilization of non-interest income will be essential for assessing momentum.
09/07/25 05:57 AM ETAI Generated. May Contain Errors.