Last $20.12 USD
Change Today +0.25 / 1.26%
Volume 109.0K
FFIC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

flushing financial corp (FFIC) Snapshot

Open
$20.00
Previous Close
$19.87
Day High
$20.17
Day Low
$19.66
52 Week High
03/26/14 - $21.91
52 Week Low
10/7/14 - $17.70
Market Cap
596.6M
Average Volume 10 Days
78.1K
EPS TTM
$1.61
Shares Outstanding
29.7M
EX-Date
12/3/14
P/E TM
12.5x
Dividend
$0.60
Dividend Yield
2.98%
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 Corporation Declares Quarterly Dividend Payable on December 26, 2014

Flushing Financial Corporation announced that the Board of Directors declared a quarterly dividend on its common stock of $0.15 per common share, payable on December 26, 2014, to shareholders of record at the close of business on December 5, 2014.

Flushing Financial Corp. Presents at 2014 FBR Fall Investor Conference, Dec-02-2014

Flushing Financial Corp. Presents at 2014 FBR Fall Investor Conference, Dec-02-2014 . Venue: Grand Hyatt New York, 109 East 42nd Street at Grand Central Station, New York, NY 10017, 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.

Flushing Financial Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Loan Charge-Offs for the Third Quarter of 201

Flushing Financial Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $11.2 million, an increase of $1.8 million, or 18.9%, compared to $9.4 million for the three months ended September 30, 2013. Diluted earnings per common share were $0.38, an increase of $0.06, or 18.8%, from $0.32 for the three months ended September 30, 2013. Return on average equity increased to 9.9% from 8.9% for the three months ended September 30, 2013. Return on average assets increased to 0.9% from 0.8% for the three months ended September 30, 2013. Net interest income was $32.0 million, a decrease of $5.0 million, or 13.6%, from $37.0 million for the three months ended September 30, 2013. The decrease in net interest income was primarily attributable to the $5.2 million prepayment penalty recorded on borrowings during the three months ended September 30, 2014 as a result of balance sheet deleveraging. Excluding the prepayment penalty recorded on borrowings as a result of the balance sheet deleveraging, net interest income was $37.1 million, an increase of $0.2 million, or 0.4%, from $37.0 million for the three months ended September 30, 2013. The $0.2 million increase in net interest income was primarily due to an increase of $235.7 million in the average balance of interest-earning assets to $4,607.0 million for the three months ended September 30, 2014 from $4,371.3 million for the comparable prior year period, partially offset by a 16 basis point decrease in the net-interest spread to 3.11% for the three months ended September 30, 2014 from 3.27% for the three months ended September 30, 2013. GAAP income before income taxes was $18.261 million against $19.283 million a year ago. Core income before taxes was $18.706 million against $19.685 million a year ago. Core net income was $11.455 million against $11.914 million a year ago. Core diluted earnings per common share was $0.38 against $0.40 a year ago. Total interest and dividend income was $49.177 million against $49.851 million a year ago. Net interest income after provision for loan losses was $32.575 million against $33.550 million a year ago. For the nine months, the company reported net income of $33.2 million, an increase of $7.4 million, or 28.6%, compared to $25.8 million for the nine months ended September 30, 2013. Diluted earnings per common share were $1.11, an increase of $0.25, or 29.1%, from $0.86 for the nine months ended September 30, 2013. Return on average equity increased to 9.9% from 7.9% for the comparable prior year period. Return on average assets increased to 0.9% from 0.8% for the comparable prior year period. Net interest income was $105.3 million, a decrease of $3.2 million, or 2.9%, from $108.4 million for the nine months ended September 30, 2013. The decrease in net interest income was primarily attributable to the $5.2 million prepayment penalty on borrowings recorded during the nine months ended September 30, 2014 as part of a balance sheet deleveraging, partially offset by a $2.6 million prepayment penalty on borrowings recorded in the comparable prior year period from a balance sheet restructuring. Excluding the $5.2 million prepayment penalty recorded on borrowings during the nine months ended September 30, 2014 and the $2.6 million prepayment penalty recorded on borrowings during the comparable prior year period, net interest income for the nine months ended September 30, 2014 decreased $0.5 million, or 0.5%, to $110.5 million from $111.0 million for the nine months ended September 30, 2013. The decrease in net interest income was primarily attributable to a 23 basis point decrease in the net-interest spread to 3.12% for the nine months ended September 30, 2014 from 3.35% for the nine months ended September 30, 2013, partially offset by an increase of $289.2 million in the average balance of interest-earning assets to $4,557.7 million for the nine months ended September 30, 2014 from $4,268.5 million for the comparable prior year period. GAAP income before income taxes was $54.767 million against $42.302 million a year ago. Core income before taxes was $56.258 million against $43.949 million a year ago. Core net income was $34.033 million against $26.731 million a year ago. Core diluted earnings per common share was $1.14 against $0.89 million a year ago. Total interest and dividend income was $147.957 million against $150.232 million a year ago. Net interest income after provision for loan losses was $108.102 million against $95.492 million a year ago. Book value per common share was $15.26 at September 30, 2014 compared to $14.19 as at September 30, 2013. Tangible book value per common share, a non-GAAP measure, was $14.73 at September 30, 2014 compared to $13.67 at September 30, 2013. For the third quarter of 2014, the company reported total net loan charge-offs of $0.273 million against $4.974 million a year ago.

 

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FFIC

Industry Average

Valuation FFIC Industry Range
Price/Earnings 13.2x
Price/Sales 3.8x
Price/Book 1.3x
Price/Cash Flow 13.1x
TEV/Sales NM Not Meaningful
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