Flushing Financial Corporation - Common Stock (FFIC)

UNIONDALE, NY / ACCESS Newswire / March 21, 2025 / Flushing Financial Corporation (the "Company") (NASDAQ:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced that it hosted a graduation ceremony for eighteen students who completed an eight-week bilingual Financial Literacy and Retail Banking training program.

UNIONDALE, NY / ACCESS Newswire / March 20, 2025 / Flushing Financial Corporation (the "Company") (Nasdaq-GS:FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its first quarter 2025 earnings after the market closes on April 29, 2025.

UNIONDALE, NY / ACCESS Newswire / February 25, 2025 / Flushing Financial Corporation (the "Company") (Nasdaq-GS:FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that the Board of Directors (the "Board") declared a quarterly dividend on its common stock of $0.22 per common share, payable on March 28, 2025, to shareholders of record at the close of business on March 14, 2025.

"Our Company successfully executed meaningful actions in 2024 to position it for enhanced earnings in 2025. First, we raised $70 million of capital to reposition the balance sheet, completed the restructuring of the investment portfolio, transferred loans to held for sale, and repositioned borrowings while reducing the cost. The overall result of this balance sheet restructuring is expected to be a significant improvement performance with 10-15 bps of NIM expansion expected in 1Q25. This restructuring will further propel our baseline NIM expansion, which was 29 and 18 bps, respectively, for GAAP and Core, in 4Q24. Second, our actions to move the balance sheet to a more neutral position have helped position the Company for the current environment. The recent steepening of the yield curve should further aid NIM improvement over time. Lastly, after making progress on our four areas of focus in 2024, we are shifting the priorities in 2025 to 1) Preserving Strong Liquidity and Capital, 2) Maintaining Credit Discipline, and 3) Improving Profitability. While progress occurred in 2024, by shifting our priorities in 2025, we expect further improvement.

UNIONDALE, NY / ACCESSWIRE / December 18, 2024 / Flushing Financial Corporation (the "Company") (NASDAQ:FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its fourth quarter and full year 2024 earnings after the market closes on January 28, 2025.

UNIONDALE, NY / ACCESSWIRE / December 16, 2024 / Flushing Financial Corporation ("Flushing" or the "Company"), the parent holding company for Flushing Bank (the "Bank"), today announced the closing of its public offering of 4,590,164 shares of its common stock, $0.01 par value per share (the "Common Stock"), at a public offering price of $15.25 per share. The total gross proceeds from the offering were approximately $70.0 million. The Company received net proceeds from the offering of approximately $66.3 million, after deducting underwriting discounts and before deducting transaction expenses.

UNIONDALE, NY / ACCESSWIRE / December 12, 2024 / Flushing Financial Corporation ("Flushing" or the "Company"), the parent holding company for Flushing Bank (the "Bank"), today announced the pricing of a public offering of 4,590,164 shares of its common stock, $0.01 par value per share (the "Common Stock"), at a public offering price of $15.25 per share, for aggregate gross proceeds of $70,000,000.

UNIONDALE, NY / ACCESSWIRE / December 12, 2024 / Flushing Financial Corporation ("Flushing" or the "Company"), the parent holding company for Flushing Bank (the "Bank"), today announced that it has commenced a public offering of $70,000,000 of its common stock, $0.01 par value per share (the "Common Stock"), subject to market and other conditions.

UNIONDALE, NY / ACCESSWIRE / December 5, 2024 / Flushing Financial Corporation (the "Company") (NASDAQ:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced that Flushing Bank has secured an affordable housing grant on behalf of the Greenburgh Housing Authority who was awarded a $1.9 million grant from Federal Home Loan Bank of New York. The grant will subsidize the redevelopment of a 30-unit senior housing facility originally developed in 1972. The grant will assist in financing a temporary relocation plan for the existing tenants, demolition of the existing structure and the construction of a new 70-unit state of the art senior housing residence. The redevelopment will improve the residents' quality of life by providing a fully handicapped accessible site, on-site amenities, and more accommodating living spaces.

UNIONDALE, NY / ACCESSWIRE / November 19, 2024 / Flushing Financial Corporation (the "Company") (NASDAQ:FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that the Board of Directors (the "Board") declared a quarterly dividend on its common stock of $0.22 per common share, payable on December 20, 2024, to shareholders of record at the close of business on December 6, 2024.

UNIONDALE, NY / ACCESSWIRE / November 18, 2024 / Flushing Financial Corporation (the "Company") (NASDAQ:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced today that is has opened a new branch location in Melville, New York, at 555 Broadhollow Road.

UNIONDALE, NY / ACCESSWIRE / November 6, 2024 / Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced today that it plans to open a new branch location in Melville at 555 Broadhollow Road later this month.

"Our third quarter had several positive trends that demonstrate our commitment to improve profitability over the long term. GAAP and Core EPS were $0.30 and $0.26, respectively, the best quarter in the past seven, including non-recurring items. GAAP and Core NIM increased by 5 and 4 bps QoQ to 2.10% and 2.07%, respectively, as the cost of funds peaked in July decreasing in August and September. As a result, NIM bottomed in July then increased in August and September. Credit quality remains solid with a sequential decline in NPAs and criticized and classified assets. Our underwriting remains very strong with a weighted average DCR of 1.9x for our multifamily and CRE portfolios and only 0.5% of exposure to Manhattan office buildings. The Company has $3.9 billion of unused lines of credit available as of September 30, 2024. Average total deposits increased 9% YoY and 4% QoQ. The Company and the Bank remain well capitalized under regulatory standards. Year to date, GAAP and Core noninterest expense growth was approximately 6%, which includes investments in the business including new employees and branches that should enhance our long term profitability over time. While there is more work to do, we are pleased with the direction and execution on our areas of focus."

UNIONDALE, NY / ACCESSWIRE / September 17, 2024 / Flushing Financial Corporation (the "Company") (Nasdaq-GS:FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its third quarter 2024 earnings after the market closes on October 24, 2024.

UNIONDALE, NY / ACCESSWIRE / August 23, 2024 / Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced today that it has been voted the Best Bank in the 2024 Long Island Business News Reader Rankings in the Finance, Investment, and Insurance sector.

UNIONDALE, NY / ACCESSWIRE / August 20, 2024 / Flushing Financial Corporation (the "Company") (Nasdaq-GS:FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that the Board of Directors (the "Board") declared a quarterly dividend on its common stock of $0.22 per common share, payable on September 27, 2024, to shareholders of record at the close of business on September 6, 2024.

"Our long-term success is derived from executing against the four focus areas we outlined in 2023. For the quarter, GAAP and Core NIM declined 1 and 3 bps, respectively. As loan originations were less than paydowns, we purchased adjustable-rate securities, which led to net interest income increasing 0.9% QoQ. We anticipate the loan pipeline, which increased approximately 88% QoQ, will help to stabilize NIM, which is our first area of focus. Our second area of focus is credit quality, which remains quite strong. At the end of the quarter, we had NPAs to total assets of 61 bps, criticized and classified loans to total loans of 113 bps, and net recoveries of 1 bp. We remain confident that our strong underwriting will continue to drive toward low loss content. The third area of focus is preserving strong liquidity and capital. The Company has over $3 billion of unused lines of credit available as of June 30, 2024, and notwithstanding the normal flows of certain deposit portfolios, average deposits increased 4% YoY and 2% QoQ. Capital ratios remained strong with a leverage ratio of 8.18%. Our last area of focus is bending the expense curve. GAAP and core noninterest expense each increased 6% in the first half of the year compared to the same period a year ago. We are making investments in the business in new lending staff and branches to improve profitability over the long term and expect expense growth in 2024 will be more in line with our historical growth rate of mid-single digits. While progress will not always be in a straight line, we remain confident that adherence to these four areas of focus will favorably impact the long-term profitability of the Company."

UNIONDALE, NY / ACCESSWIRE / June 27, 2024 / Flushing Financial Corporation (the "Company") (NASDAQ:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced that Brendan Bateman was recognized as a winner in Long Island Business News' Emerging Leaders Under 30.

UNIONDALE, NY / ACCESSWIRE / June 24, 2024 / Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced that Gary Raisig has joined the bank as Senior Vice President and Group Sales Executive for the Business Banking team. Reporting to the Director of Business Banking, Raisig succeeds the retiring Group Sales Executive ensuring a smooth transition in continuing its commitment to midsize businesses in the local New York market.

UNIONDALE, NY / ACCESSWIRE / June 18, 2024 / Flushing Financial Corporation (the "Company") (Nasdaq-GS:FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its second quarter 2024 earnings after the market closes on July 29, 2024.

UNIONDALE, NY / ACCESSWIRE / June 18, 2024 / Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced that it partnered with the Boys & Girls Club of Queens and Hydro-Quebec on a clean energy-inspired mural that was painted by children in the club's after-school program in collaboration with artists from the Community Word Project. The mural was unveiled yesterday afternoon and is on display in the Variety Club's parking lot.

UNIONDALE, NY / ACCESSWIRE / June 3, 2024 / Flushing Financial Corporation (the "Company") (NASDAQ:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced that on May 29, 2024, it held its annual shareholder meeting, in a virtual-only format. At the meeting, by overwhelming majorities all the Company's nominees were elected, and the shareholders ratified the selection of BDO USA, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2024. In addition, the shareholders overwhelmingly supported the board-sponsored proposals to approve, on an advisory basis, the compensation of the Company's named executive officers and the adoption of the 2024 Omnibus Incentive Plan.

UNIONDALE, NY / ACCESSWIRE / May 31, 2024 / Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced today that it will kick off its 95th Anniversary Celebration on Saturday, June 1, 2024.

UNIONDALE, NY / ACCESSWIRE / May 29, 2024 / Flushing Financial Corporation (the "Company") (Nasdaq-GS:FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that the Board of Directors (the "Board") declared a quarterly dividend on its common stock of $0.22 per common share, payable on June 21, 2024, to shareholders of record at the close of business on June 10, 2024.

UNIONDALE, NY / ACCESSWIRE / May 14, 2024 / Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced today that several of its employees volunteered on May 13 at the Island Harvest Stamp Out Hunger 2024 event held at the Island Harvest warehouse in Hauppauge.