Last $18.58 USD
Change Today -0.78 / -4.03%
Volume 146.3K
FFIC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

flushing financial corp (FFIC) Snapshot

Open
$19.14
Previous Close
$19.36
Day High
$19.36
Day Low
$18.52
52 Week High
03/26/14 - $21.91
52 Week Low
09/30/13 - $17.52
Market Cap
562.1M
Average Volume 10 Days
97.7K
EPS TTM
$1.46
Shares Outstanding
30.3M
EX-Date
06/4/14
P/E TM
12.7x
Dividend
$0.60
Dividend Yield
3.01%
Current Stock Chart for FLUSHING FINANCIAL CORP (FFIC)

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flushing financial corp (FFIC) Details

Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. The company’s deposits products include savings accounts, money market accounts, demand accounts, NOW accounts, and certificates of deposit. Its loan portfolio comprises one-to-four family and commercial real estate mortgage loans; construction loans; small business administration loans and other small business loans; mortgage loan surrogates, such as mortgage-backed securities; the United States government securities, corporate fixed-income securities, and other marketable securities; and consumer loans, including overdraft lines of credit. The company also operates iGObanking.com, an Internet branch that offers checking, savings, and certificates of deposit accounts. In addition, it offers banking services to public entities comprising counties, cities, towns, villages, school districts, libraries, fire districts, and various courts. As of December 31, 2013, the company operated 17 full-service banking offices, including 9 offices in Queens County, 2 offices in Nassau County, 5 offices in Kings County, and 1 office in Manhattan. Flushing Financial Corporation was founded in 1995 and is based in Lake Success, New York.

362 Employees
Last Reported Date: 03/17/14
Founded in 1995

flushing financial corp (FFIC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $868.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $379.9K
Chief Operating Officer, Senior Executive Vic...
Total Annual Compensation: $467.3K
Chief of Real Estate Lending, Senior Executiv...
Total Annual Compensation: $406.0K
Executive Vice President of Business Banking ...
Total Annual Compensation: $277.4K
Compensation as of Fiscal Year 2013.

flushing financial corp (FFIC) Key Developments

Flushing Financial Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Tax Rate Guidance for the Year 2015

Flushing Financial Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income was $36.83 million against $37.3 million a year ago. Income before income taxes was $19.28 million against $15.78 million a year ago. Net income was $11.66 million against $9.63 million a year ago. Diluted earnings per common share were $0.39 against $0.32 a year ago. Return on average assets was 0.97% against 0.85% a year ago. Return on average equity was 10.34% against 8.79% a year ago. Core income before taxes was $16.57 million against $15.49 million a year ago. Core diluted earnings per common share were $0.40 for the three months ended June 30, 2014, an increase of $0.07, or 21.2%, from the comparable prior year period. Core net income for the quarter was at $11.91 million against $10.07 million reported last year. The decrease in net interest income was primarily attributable to a 26 basis point decrease in the net-interest spread to 3.10% for the three months ended June 30, 2014 from 3.36% for the three months ended June 30, 2013, partially offset by the effect of an increase of $301.9 million in the average balance of interest-earning assets to $4,578.8 million for the three months ended June 30, 2014 from $4,276.8 million for the comparable prior year period. For the six months, the company reported net interest income was $73.32 million against $71.44 million a year ago. Income before income taxes was $36.51 million against $26.86 million a year ago. Net income was $21.98 million against $16.38 million a year ago. Diluted earnings per common share were $0.73 against $0.54 a year ago. Book value per common share was $15.26 against $14.04 a year ago. Tangible book value per common share was $14.74 against $13.52 a year ago. Return on average assets was 0.92% against 0.73% a year ago. Return on average equity was 9.85% against 7.45% a year ago. Core earnings were $22.6 million for the six months ended June 30, 2014, an increase of $5.8 million, or 34.9%, from $16.7 million in the comparable prior year period. Core diluted earnings per common share were $0.75 for the six months ended June 30, 2014, an increase of $0.20, or 36.4%, from the comparable prior year period. The increase in net interest income was primarily attributable to the prior year period including a $2.6 million prepayment penalty recorded on borrowings. The company expects to see a small reduction in effective tax rate beginning in 2015 as a result of the changes in the New York State tax code.

Flushing Financial Corp. Reports the Death of Board Member Vincent F. Nicolosi

Flushing Financial Corporation announced that Vincent F. Nicolosi, a member of the Board of Directors, has died. He was 74. Vincent F. Nicolosi had served as a member of the Board of Directors of the Company since 1977.

Flushing Financial Corp. Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-30-2014 10:30 AM

Flushing Financial Corp. Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-30-2014 10:30 AM. Venue: The Grand Hyatt Grand Central, New York, New York, United States. Speakers: David W. Fry, Chief Financial Officer, Principal Accounting Officer, Senior Executive Vice President, Treasurer and Executive Vice President of Finance - Flushing Bank, John R. Buran, Chief Executive Officer, President, Director, Member of Insurance Committee, Member of Investment Committee, Chief Executive Officer of Flushing Bank, President of Flushing Bank and Director of Flushing Bank.

 

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FFIC

Industry Average

Valuation FFIC Industry Range
Price/Earnings 13.4x
Price/Sales 3.8x
Price/Book 1.3x
Price/Cash Flow 13.5x
TEV/Sales NM Not Meaningful
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