The First Of Long Island (FLIC) has disclosed a new risk, in the Regulation category.
The First of Long Island faces heightened business risk if regulatory bodies decide to curtail its commercial real estate lending. With its CRE loans surpassing 361% of total risk-based capital, and a 30.7% growth over the past three years, the company sits below the threshold for increased scrutiny. Nevertheless, any future constraints could compel a shift towards higher-risk unsecured commercial and industrial loans. This pivot would increase reliance on borrowers’ business success, potentially exacerbating the risk profile of the company’s loan portfolio.
Overall, Wall Street has a Hold consensus rating on FLIC stock based on 2 Holds.
To learn more about The First Of Long Island’s risk factors, click here.
