The First Of Long Island (FLIC) has disclosed a new risk, in the Regulation category.
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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.