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Flushing Financial Corp. (FFIC)
NASDAQ:FFIC
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Flushing Financial
(NASDAQ:FFIC)
Rating:62Neutral
Price Target:
$13.50
▼(-1.32% Downside)
Flushing Financial (FFIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$458.71M
Dividend Yield6.43%
Average Volume (3M)275.38K
Price to Earnings (P/E)16.4
Beta (1Y)1.11
Revenue Growth-7.00%
EPS Growth-233.54%
CountryUS
Employees571
SectorFinancial
Sector Strength73
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.32
Shares Outstanding33,778,440
10 Day Avg. Volume209,223
30 Day Avg. Volume275,384
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)0.59
Price to Sales (P/S)1.05
P/FCF Ratio42.34
Enterprise Value/Market Cap1.97
Enterprise Value/Revenue2.17
Enterprise Value/Gross Profit7.28
Enterprise Value/Ebitda-16.99
Forecast
1Y Price Target
$14.13Price Target Upside3.29% Upside
Rating ConsensusHold
Number of Analyst Covering5
Flushing Financial Business Overview & Revenue Model
Company DescriptionFlushing Financial Corporation (FFIC) is a bank holding company headquartered in Flushing, New York, primarily engaged in providing a range of banking and financial services through its wholly-owned subsidiary, Flushing Bank. The company operates in the community banking sector, offering services such as commercial and residential lending, deposit accounts, and wealth management solutions. Flushing Financial serves a diverse customer base, focusing on both individual and business clients in the New York metropolitan area.
How the Company Makes MoneyFlushing Financial generates revenue primarily through interest income earned on loans and investments. The bank's key revenue streams include interest from commercial real estate loans, residential mortgage loans, and consumer loans. Additionally, Flushing Bank earns non-interest income from service charges on deposit accounts, fees from wealth management services, and other banking-related services. The company benefits from its strong community ties and partnerships with local businesses, which contribute to its loan origination and deposit growth. Furthermore, effective asset-liability management helps optimize the interest rate spread, enhancing overall profitability.
Flushing Financial Earnings Call Summary
Earnings Call Date:Jul 24, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 28, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant financial improvements, including substantial year-over-year earnings growth, improved net interest margins, and strong credit metrics. However, challenges such as seasonal deposit outflows and limited opportunities for funding cost reduction were also noted. The positive aspects, particularly the strong earnings and credit performance, outweigh the negatives.Q2-2025 Updates
Positive Updates
Significant Earnings Growth
GAAP earnings per share increased by 128% and core earnings per share by 78% year-over-year.
Improved Net Interest Margin
Both GAAP and core net interest margin expanded by 3 basis points quarter-over-quarter, reaching 2.54% and 2.52%, respectively.
Deposit Growth
Average total deposits increased by 6% year-over-year and 1% quarter-over-quarter to $7.6 billion, with noninterest-bearing deposits growing by 6% year-over-year and 2% quarter-over-quarter.
Strong Credit Metrics
Net charge-offs decreased to 15 basis points from 27 basis points in the prior quarter, and criticized and classified loans improved to 108 basis points from 133 basis points.
Tangible Common Equity Increase
Tangible common equity grew by 25 basis points to 8.04%.
Loan Repricing Opportunities
Approximately $2.1 billion of loans are scheduled to reprice at significantly higher rates through the end of 2027, providing substantial predictable tailwind for net interest income.
Multifamily Portfolio Improvement
Nonperforming loans in the multifamily portfolio decreased to 50 basis points from 101 basis points, with criticized and classified loans improving to 73 basis points from 116 basis points.
Negative Updates
Seasonal Deposit Outflows
Deposits declined by $400 million due to seasonal outflows, with expectations of further outflows in the third quarter related to seasonality in the government deposits business.
Limited Opportunity for Funding Cost Reduction
Opportunities to reduce funding costs are limited without changes in Federal Reserve rates.
Potential Challenges with Yield Curve
A negatively sloped yield curve could make net interest margin expansion more challenging.
Limited Buyback Plans
Despite stock trading at 58% of tangible book value, there are no immediate plans for stock buybacks as the focus remains on building capital.
Company Guidance
During Flushing Financial Corporation's second quarter 2025 earnings call, key metrics outlined included a GAAP earnings per share increase of 128% year-over-year to $0.41, with core earnings per share rising 78% to $0.32. The company reported a GAAP net interest margin of 2.54% and a core net interest margin of 2.52%, both expanding by 3 basis points quarter-over-quarter. Average total deposits rose 6% year-over-year to $7.6 billion, with noninterest-bearing deposits growing 6% year-over-year to $875 million. Credit metrics showed improvement, with net charge-offs decreasing to 15 basis points and criticized and classified loans improving to 108 basis points. The tangible common equity increased by 25 basis points to 8.04%, and the bank maintained substantial liquidity, with $3.6 billion in undrawn lines and resources at the end of the quarter. The company emphasized its focus on profitability, credit discipline, and liquidity, with significant loan repricing expected to drive future net interest margin expansion.Flushing Financial Financial Statement Overview
Summary
Flushing Financial is experiencing financial challenges with negative profitability margins and inconsistent revenue growth, reflected in the Income Statement score of 45. The Balance Sheet indicates leverage risks with a high debt-to-equity ratio, resulting in a score of 55. Cash Flow is positive but volatile, earning a score of 60. Overall, the financial performance presents headwinds that need addressing.Income Statement
The TTM data shows declining revenue with a negative net profit margin of -10.74%, indicating financial challenges. EBIT and EBITDA margins are also negative, highlighting operational inefficiencies. The revenue growth has been inconsistent, with recent declines compared to previous years.45
Neutral
Balance Sheet
Flushing Financial has a relatively stable equity ratio of 7.80%, but a high debt-to-equity ratio of 0.66, indicating potential leverage risk. The return on equity is negative, reflecting recent net losses, which is concerning for investors seeking profitability.55
Neutral
Cash Flow
The cash flow statement shows positive free cash flow, with a reasonable operating cash flow to net income ratio of 0.57. However, free cash flow growth is volatile due to fluctuating net income, which raises concerns about long-term sustainability.60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 417.12M | 408.09M | 424.06M | 326.63M | 292.25M | 275.33M |
| Gross Profit | 124.03M | 115.17M | 191.22M | 248.54M | 256.60M | 183.08M |
| EBITDA | -53.15M | -42.12M | 46.28M | 110.78M | 115.70M | 51.39M |
| Net Income | -44.81M | -31.33M | 28.66M | 76.94M | 81.79M | 34.67M |
Balance Sheet | ||||||
| Total Assets | 9.01B | 9.04B | 8.54B | 8.42B | 8.05B | 7.98B |
| Cash, Cash Equivalents and Short-Term Investments | 1.63B | 1.56B | 803.52M | 648.53M | 858.96M | 805.36M |
| Total Debt | 465.93M | 962.50M | 882.10M | 1.10B | 869.70M | 1.08B |
| Total Liabilities | 8.31B | 8.31B | 7.87B | 7.75B | 7.37B | 7.36B |
| Stockholders Equity | 702.85M | 724.54M | 669.84M | 677.16M | 679.63M | 619.00M |
Cash Flow | ||||||
| Free Cash Flow | 21.77M | 10.10M | 29.10M | 81.41M | 84.92M | 68.77M |
| Operating Cash Flow | 25.49M | 12.41M | 34.59M | 85.75M | 88.60M | 71.28M |
| Investing Cash Flow | -214.95M | -505.60M | -94.26M | -351.82M | -106.78M | 93.10M |
| Financing Cash Flow | 250.64M | 473.61M | 80.08M | 336.09M | -57.48M | -56.77M |
Flushing Financial Technical Analysis
Positive
13.68
Price Trends
12.37
Positive
12.13
Positive
13.26
Positive
Market Momentum
0.32
Negative
69.69
Neutral
92.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FFIC, the sentiment is Positive. The current price of 13.68 is above the 20-day moving average (MA) of 12.64, above the 50-day MA of 12.37, and above the 200-day MA of 13.26, indicating a bullish trend. The MACD of 0.32 indicates Negative momentum. The RSI at 69.69 is Neutral, neither overbought nor oversold. The STOCH value of 92.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FFIC.
Flushing Financial Risk Analysis
Flushing Financial disclosed 14 risk factors in its most recent earnings report. Flushing Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Flushing Financial Peers Comparison
Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $439.67M | 10.77 | 10.55% | 1.92% | 8.03% | 15.18% | |
75 Outperform | $408.13M | 13.11 | 14.00% | 1.55% | 13.07% | 25.72% | |
75 Outperform | $418.58M | 10.63 | 11.53% | 3.20% | 0.85% | 18.21% | |
68 Neutral | $17.89B | 12.03 | 10.28% | 3.73% | 9.80% | 1.66% | |
63 Neutral | $393.30M | 56.58 | 1.58% | 4.07% | 23.26% | ― | |
62 Neutral | $458.71M | 16.43 | -5.27% | 6.43% | -7.00% | -233.54% | |
58 Neutral | $426.02M | 15.82 | 3.48% | 6.66% | 5.09% | ― |
* Financial Sector Average
Performance Comparison
FFIC
Flushing Financial
13.68
0.26
1.94%
BMRC
Bank Of Marin Bancorp
24.48
4.19
20.65%
GCBC
Greene County Bancorp
23.80
-9.06
-27.57%
HBCP
Home Bancorp
56.70
13.78
32.11%
KRNY
Kearny Financial
6.58
0.22
3.46%
BSRR
Sierra Bancorp
30.86
2.57
9.08%
Flushing Financial Corporate Events
Dividends
Flushing Financial Announces Upcoming Dividend Payment
Positive
Aug 19, 2025
On September 26, 2025, Flushing Financial Corporation will pay a quarterly dividend of $0.22 per common share to shareholders recorded by September 5, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders.
Financial Disclosures
Flushing Financial Reports Strong Q2 2025 Results
Positive
Jul 24, 2025
On July 24, 2025, Flushing Financial Corp. released its second-quarter results, highlighting a strong liquidity position with $3.6 billion in undrawn lines and resources. The company reported growth in deposits and pre-provision net revenue (PPNR), with average total deposits increasing by 5.7% year-over-year to $7.6 billion. Asset quality showed stability with a decrease in criticized and classified loans. The net interest margin (NIM) expanded, driven by loan repricing, and the company emphasized its focus on improving profitability and maintaining credit discipline.
Executive/Board ChangesShareholder Meetings
Flushing Financial Holds Annual Stockholder Meeting
Neutral
May 29, 2025
At Flushing Financial‘s annual stockholder meeting on May 28, 2025, several key matters were voted on, including the election of directors and the approval of executive compensation. Four directors were elected to serve until the 2028 meeting, and the advisory approval of executive compensation passed with a significant majority. Additionally, the appointment of BDO USA, P.C. as the independent registered public accounting firm for 2025 was ratified, indicating continued confidence in the company’s financial oversight.
Dividends
Flushing Financial Declares Quarterly Dividend Announcement
Positive
May 28, 2025
Flushing Financial Corporation announced that its Board of Directors declared a quarterly dividend of $0.22 per common share, to be paid on June 20, 2025, to shareholders of record as of June 13, 2025. This decision reflects the company’s ongoing commitment to returning value to its shareholders.
Financial Disclosures
Flushing Financial Reports Strong Q1 2025 Liquidity
Positive
May 21, 2025
On May 21, 2025, Flushing Financial Corp. released its financial highlights for the first quarter of 2025, showcasing a strong liquidity position with $4 billion in undrawn lines and resources. The company reported an improved loan-to-deposit ratio, with average total deposits increasing by 6.8% year-over-year. Despite a decrease in net loans due to weak market demand, the company achieved a net interest margin (NIM) expansion, with GAAP NIM increasing by 12 basis points quarter-over-quarter. Flushing Financial also emphasized its low-risk credit profile and conservative loan underwriting, maintaining strong asset quality and outperforming industry standards in credit metrics.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.