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Flushing Financial Corp. (FFIC)
NASDAQ:FFIC
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Flushing Financial
(NASDAQ:FFIC)
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Rating:60Neutral
Price Target:
$17.50
▲(2.58% Upside)
Flushing Financial's overall stock score is driven by strong earnings call performance and technical indicators showing bullish momentum. However, financial performance challenges and valuation concerns, particularly the negative P/E ratio, weigh on the score. The high dividend yield provides some support, but the company needs to address profitability issues to improve its financial health.
Positive Factors
Net Interest Margin Expansion
The expansion of the net interest margin indicates improved profitability from lending activities, which is crucial for long-term revenue growth and financial health.
Improvement in Credit Metrics
Improved credit metrics reflect better risk management and asset quality, reducing potential future losses and enhancing financial stability.
Growth in Noninterest-Bearing Deposits
Growth in noninterest-bearing deposits lowers funding costs and supports profitability, providing a stable base for future lending and investment activities.
Negative Factors
Declining Revenue
Negative revenue growth suggests challenges in maintaining market share and competitiveness, potentially impacting long-term earnings and business expansion.
High Costs of Deposits
Rising deposit costs can squeeze net interest margins and profitability, posing a challenge to maintaining financial performance in a competitive market.
Negative Margins
Negative margins indicate operational inefficiencies and profitability issues, which could hinder the company's ability to invest in growth and innovation.
Flushing Financial (FFIC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$582.34M
Dividend Yield5.16%
Average Volume (3M)262.51K
Price to Earnings (P/E)―
Beta (1Y)0.86
Revenue Growth-11.91%
EPS Growth-235.73%
CountryUS
Employees571
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.35
Shares Outstanding33,778,440
10 Day Avg. Volume304,058
30 Day Avg. Volume262,511
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 Cap1.49
Enterprise Value/Revenue2.07
Enterprise Value/Gross Profit6.02
Enterprise Value/Ebitda-22.03
Forecast
1Y Price Target
$14.25Price Target Upside-16.47% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)1.16
Revenue Forecast (FY)$238.87M
Flushing Financial Business Overview & Revenue Model
Company DescriptionFlushing Financial Corporation (FFIC) is a bank holding company headquartered in Flushing, New York. The company primarily operates through its subsidiary, Flushing Bank, which provides a range of financial services including personal and business banking, residential and commercial lending, and wealth management solutions. Flushing Financial serves a diverse customer base, focusing on the needs of the local community while also expanding its reach within New York and adjacent markets.
How the Company Makes MoneyFlushing Financial generates revenue primarily through net interest income and non-interest income. Net interest income is derived from the interest earned on loans and securities, minus the interest paid on deposits and borrowings. The bank earns interest from various loan products, including residential mortgages, commercial real estate loans, and personal loans. Additionally, Flushing Financial generates non-interest income through service fees, account maintenance charges, and transaction fees. The bank has also established partnerships with local businesses for deposit and lending services, enhancing its revenue opportunities. Furthermore, its focus on wealth management services allows it to generate fees from asset management and investment advisory services, contributing positively to its overall earnings.
Flushing Financial Earnings Call Summary
Earnings Call Date:Oct 29, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Jan 27, 2026
Earnings Call Sentiment Positive
The earnings call revealed strong financial performance, with significant improvements in earnings, net interest margin, and credit metrics. However, challenges such as high deposit costs and limited prioritization of stock buybacks were noted. The company's outlook remains positive, driven by expected loan repricing benefits.Q3-2025 Updates
Positive Updates
Strong Financial Performance
Flushing Financial Corporation reported a GAAP earnings per share of $0.30 and core earnings per share of $0.35, with core earnings improving 55% from a year ago.
Net Interest Margin Expansion
Net interest margin expanded 10 basis points quarter-over-quarter, with GAAP net interest margin at 2.64% and core net interest margin at 2.62%, reflecting a 55 basis point growth from last year's third quarter.
Improvement in Credit Metrics
Net charge-offs improved to 7 basis points in the third quarter, a 15 basis point improvement from the second quarter, and nonperforming assets as a percentage of total assets decreased to 70 basis points from 75 basis points in the second quarter.
Growth in Noninterest-Bearing Deposits
Noninterest-bearing deposits increased 7.2% sequentially, with a 5.7% year-over-year growth.
Stable Tangible Common Equity Ratio
The tangible common equity ratio remained stable at 8.01%, increasing 101 basis points from the third quarter of 2024.
Positive Outlook on Loan Repricing
Real estate loans are expected to reprice approximately 147 basis points higher through 2027, driving further net interest margin expansion.
Negative Updates
High Costs of Deposits
The overall cost of deposits increased slightly quarter-over-quarter to 3.11%, although efforts are underway to lower these costs.
Limited Stock Buybacks
Despite the stock trading at 63% of tangible book value, the company has not prioritized stock buybacks, focusing instead on maintaining dividends and potential future growth.
Liability Sensitivity
The balance sheet is slightly liability sensitive, which could pose challenges in a declining interest rate environment.
Company Guidance
During the Flushing Financial Corporation's Third Quarter 2025 Earnings Conference Call, the company provided guidance on several key metrics, reflecting its strong performance and strategic focus. The company reported GAAP earnings per share of $0.30 and core earnings per share of $0.35, with core earnings improving by 55% year-over-year. The net interest margin (NIM) expanded by 10 basis points quarter-over-quarter, with the GAAP NIM reaching 2.64% and the core NIM at 2.62%. Noninterest-bearing deposits grew 7.2% sequentially, and the tangible common equity ratio remained stable at 8.01%, improving by 101 basis points from the previous year. The company also highlighted the expected repricing of real estate loans, which are projected to increase by approximately 147 basis points through 2027, contributing to future NIM expansion. Flushing Financial's balance sheet remains robust, with $3.9 billion in undrawn lines and resources, and a focus on maintaining credit discipline, as evidenced by a net charge-off rate of 7 basis points for the quarter. The company anticipates stable total assets for the remainder of 2025 and is positioned to capitalize on the upward repricing of its loan portfolio in the coming years.Flushing Financial Financial Statement Overview
Summary
Flushing Financial faces challenges with profitability and return on equity, despite some improvements in cash flow and debt management. The income statement shows declining profitability, while the balance sheet reflects a moderate position with a debt-to-equity ratio of 0.92. Cash flow improvements are noted, but overall financial performance remains under pressure.Income Statement
Flushing Financial's income statement shows a declining trend in profitability. The TTM data reveals negative net profit and EBIT margins, indicating operational challenges. Despite a slight revenue growth, the company struggles with maintaining profitability, as evidenced by consistent negative EBIT and EBITDA margins.45
Neutral
Balance Sheet
The balance sheet reflects a moderate financial position with a debt-to-equity ratio of 0.92 in the TTM period, showing improvement from previous years. However, the negative return on equity indicates that the company is not generating sufficient returns on its equity base, posing a risk to investors.55
Neutral
Cash Flow
Cash flow analysis shows improvement in free cash flow growth, with a significant increase in the TTM period. The operating cash flow to net income ratio suggests that the company is generating cash efficiently relative to its net income, despite the latter being negative.60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 419.52M | 408.09M | 424.06M | 326.63M | 292.25M | 275.33M |
| Gross Profit | 143.85M | 115.17M | 191.22M | 248.54M | 256.60M | 183.08M |
| EBITDA | -39.34M | -42.12M | 46.28M | 110.78M | 116.31M | 51.39M |
| Net Income | -34.39M | -31.33M | 28.66M | 76.94M | 81.79M | 34.67M |
Balance Sheet | ||||||
| Total Assets | 8.87B | 9.04B | 8.54B | 8.42B | 8.05B | 7.98B |
| Cash, Cash Equivalents and Short-Term Investments | 1.53B | 1.56B | 803.52M | 648.53M | 858.96M | 805.36M |
| Total Debt | 540.71M | 962.50M | 882.10M | 1.10B | 869.70M | 1.08B |
| Total Liabilities | 8.16B | 8.31B | 7.87B | 7.75B | 7.37B | 7.36B |
| Stockholders Equity | 711.23M | 724.54M | 669.84M | 677.16M | 679.63M | 619.00M |
Cash Flow | ||||||
| Free Cash Flow | 51.89M | 10.10M | 29.10M | 81.41M | 84.92M | 68.77M |
| Operating Cash Flow | 55.86M | 12.41M | 34.59M | 85.75M | 88.60M | 71.28M |
| Investing Cash Flow | 297.75M | -505.60M | -94.26M | -351.82M | -106.78M | 93.10M |
| Financing Cash Flow | -478.32M | 473.61M | 80.08M | 336.09M | -57.48M | -56.77M |
Flushing Financial Technical Analysis
Positive
17.06
Price Trends
15.14
Positive
14.15
Positive
12.96
Positive
Market Momentum
0.60
Positive
62.24
Neutral
44.93
Neutral
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 17.06 is above the 20-day moving average (MA) of 16.84, above the 50-day MA of 15.14, and above the 200-day MA of 12.96, indicating a bullish trend. The MACD of 0.60 indicates Positive momentum. The RSI at 62.24 is Neutral, neither overbought nor oversold. The STOCH value of 44.93 is Neutral, 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $399.62M | 11.76 | 14.53% | 1.63% | 13.16% | 37.40% | |
75 Outperform | $467.58M | 10.58 | 10.86% | 1.92% | 6.25% | 24.92% | |
73 Outperform | $433.43M | 42.97 | 2.24% | 3.76% | 23.93% | ― | |
72 Outperform | $446.27M | 11.46 | 11.07% | 3.03% | -0.65% | 14.14% | |
71 Outperform | $501.73M | 16.16 | 3.92% | 5.80% | 4.38% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | $582.34M | -14.36 | -5.05% | 5.16% | -11.91% | -235.73% |
* Financial Sector Average
FFIC
Flushing Financial
17.06
3.51
25.90%
BMRC
Bank Of Marin Bancorp
26.60
3.70
16.16%
GCBC
Greene County Bancorp
23.30
-4.80
-17.08%
HBCP
Home Bancorp
59.48
13.71
29.95%
KRNY
Kearny Financial
7.59
0.85
12.61%
BSRR
Sierra Bancorp
33.00
4.18
14.50%
Flushing Financial Corporate Events
Dividends
Flushing Financial Declares Quarterly Dividend
Neutral
Nov 24, 2025
Flushing Financial Corporation announced that its Board of Directors declared a quarterly dividend of $0.22 per common share, payable on December 19, 2025, to shareholders of record on December 5, 2025.
Financial Disclosures
Flushing Financial Reports Strong Q3 2025 Results
Positive
Oct 29, 2025
On October 29, 2025, Flushing Financial Corp. released its third-quarter results, highlighting key financial improvements. The company reported strong liquidity with $3.9 billion in undrawn resources and improved asset quality, with net charge-offs decreasing significantly. Profitability saw an uptick with a 10 basis point expansion in both GAAP and Core Net Interest Margin quarter-over-quarter. Additionally, noninterest-bearing deposits increased by 7.2% quarter-over-quarter, reflecting the company’s strategic focus on enhancing profitability while maintaining credit discipline and strong liquidity.
Business Operations and StrategyFinancial Disclosures
Flushing Financial to Announce Q3 Earnings in October
Neutral
Sep 17, 2025
On September 17, 2025, Flushing Financial Corporation announced it will release its third quarter 2025 earnings after the market closes on October 29, 2025. The company will host a conference call on October 30, 2025, to discuss its strategy and results, reflecting its ongoing commitment to transparency and stakeholder engagement.
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.