Flushing Financial Earnings Calls

Q1 2025 Beat
$0.230 (4.55%)
Release date Apr 29, 2025
EPS estimate $0.220
EPS actual $0.230
EPS Surprise 4.55%
Revenue estimate 55.381M
Revenue actual 121.417M
Revenue Surprise 119.24%
Q4 2024 Missed
$0.140 (-33.33%)
Release date Jan 28, 2025
EPS estimate $0.210
EPS actual $0.140
EPS Surprise -33.33%
Revenue estimate 45.965M
Revenue actual -19787000
Revenue Surprise -143.05%
Q3 2024 Beat
$0.300 (57.89%)
Release date Oct 24, 2024
EPS estimate $0.190
EPS actual $0.300
EPS Surprise 57.89%
Revenue estimate 47.95M
Revenue actual 52.054M
Revenue Surprise 8.56%
Q2 2024
Release date Jul 29, 2024
EPS estimate $0.180
EPS actual $0.180
Revenue estimate 47.16M
Revenue actual 117.264M
Revenue Surprise 148.65%

Last 4 Quarters for Flushing Financial

Below you can see how FFIC performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q2 2024
Release date Jul 29, 2024
Fiscal end date Jun 30, 2024
Price on release $16.26
EPS estimate $0.180
EPS actual $0.180
Date Price
Jul 23, 2024 $16.20
Jul 24, 2024 $16.05
Jul 25, 2024 $16.61
Jul 26, 2024 $16.67
Jul 29, 2024 $16.26
Jul 30, 2024 $14.99
Jul 31, 2024 $14.73
Aug 01, 2024 $13.90
Aug 02, 2024 $13.54
4 days before 0.370%
4 days after -16.73%
On release day -7.81%
Change in period -16.42%
Q3 2024 Beat
Release date Oct 24, 2024
Fiscal end date Sep 30, 2024
Price on release $15.08
EPS estimate $0.190
EPS actual $0.300
EPS surprise 57.89%
Date Price
Oct 18, 2024 $15.30
Oct 21, 2024 $14.71
Oct 22, 2024 $14.99
Oct 23, 2024 $15.03
Oct 24, 2024 $15.08
Oct 25, 2024 $15.29
Oct 28, 2024 $16.17
Oct 29, 2024 $16.18
Oct 30, 2024 $16.22
4 days before -1.44%
4 days after 7.56%
On release day 1.39%
Change in period 6.01%
Q4 2024 Missed
Release date Jan 28, 2025
Fiscal end date Dec 31, 2024
Price on release $14.32
EPS estimate $0.210
EPS actual $0.140
EPS surprise -33.33%
Date Price
Jan 22, 2025 $14.51
Jan 23, 2025 $14.52
Jan 24, 2025 $14.38
Jan 27, 2025 $14.69
Jan 28, 2025 $14.32
Jan 29, 2025 $14.00
Jan 30, 2025 $13.61
Jan 31, 2025 $13.95
Feb 03, 2025 $13.58
4 days before -1.31%
4 days after -5.17%
On release day -2.23%
Change in period -6.41%
Q1 2025 Beat
Release date Apr 29, 2025
Fiscal end date Mar 31, 2025
Price on release $12.45
EPS estimate $0.220
EPS actual $0.230
EPS surprise 4.55%
Date Price
Apr 23, 2025 $12.19
Apr 24, 2025 $12.31
Apr 25, 2025 $12.25
Apr 28, 2025 $12.35
Apr 29, 2025 $12.45
Apr 30, 2025 $11.97
May 01, 2025 $12.21
May 02, 2025 $12.71
May 05, 2025 $12.71
4 days before 2.13%
4 days after 2.09%
On release day -3.86%
Change in period 4.27%

Flushing Financial Earnings Call Transcript Summary of Q1 2025

Flushing Financial Corporation Q1 2025 Earnings Call Summary for Investors

Key Financial Metrics:

  • GAAP Loss per Share: $0.29
  • Core Earnings per Share: $0.23 (impacted by a noncash goodwill impairment of $17.6 million, or $0.51/share)
  • Core and GAAP Net Interest Margins (NIM): Expanded to 2.51% and 2.49%, respectively.
  • Average Deposits: Increased 7% year-over-year and 1% quarter-over-quarter.

Operational Overview:

  • Economic Environment: Entered 2025 with a favorable economic outlook; however, the yield curve inverted, creating uncertainty. This limited expected benefits from future federal rate cuts.
  • Loan-to-Deposit Ratio: Improved to 87% from 94% a year ago, indicating enhanced liquidity management.
  • Cost of Deposits: Decreased by 19 basis points, with ongoing efforts to further reduce rates.

Loan Repricing and Income Expectations:

  • Significant expected loan repricing over the next years:
    • 2025: Approximately $511 million expected to reprice 171 basis points higher.
    • 2026: About $706 million expected to reprice 190 basis points higher.
    • 2027: Nearly $1 billion expected to reprice 168 basis points higher.
  • Cumulative addition of approximately $50 million in interest income over the three-year period from repricing.

Credit Discipline:

  • The company maintains a low-risk loan portfolio: over 90% secured by real estate with an average loan-to-value ratio of less than 35%.
  • Strong credit metrics with low nonperforming loans (NPLs) and credit losses compared to industry standards.
  • Recent upticks in delinquent loans primarily attributed to specific borrower relationships rather than systemic issues.

Liquidity and Capital Management:

  • Ample liquidity with $4 billion in undrawn lines.
  • Tangible common equity to tangible assets stable at 7.79%, indicating strong capital positioning.
  • Emphasis on maintaining low levels of uninsured and uncollateralized deposits.

Market Expansion:

  • Growth in Asian markets is a key focus, with plans to expand branch networks due to significant potential for deposit growth.
  • The Asian market contributes approximately $1.3 billion in deposits, representing a market share of around 3%.

Future Outlook:

  • Expected stable asset growth in 2025, with limited loan growth likely dependent on market conditions.
  • Focus on remixing the balance sheet and capitalizing on contractual loan repricing opportunities.
  • Noninterest income boosts anticipated from new business initiatives and the closing of back-to-back swap loans.

Other Considerations:

  • Guidance for noninterest expenses in 2025 projected to increase by 5% to 8%.
  • Tax rate expectation is 25% to 28% for the remainder of 2025.

Conclusion for Investors:

While Flushing Financial faces challenges from economic uncertainties and a shifting yield curve, the company is taking proactive measures to enhance profitability and maintain a conservative credit profile. With significant opportunities for loan repricing and strong liquidity, the outlook remains cautiously optimistic for the coming quarters. Investors should monitor the impact of economic conditions and management's ability to execute on stated strategies.

Flushing Financial Earnings History

Earnings Calendar

FAQ

When is the earnings report for FFIC?
Flushing Financial Corporation (FFIC) has scheduled its earnings report for Aug 04, 2025 after the markets close.

What is the FFIC price-to-earnings (P/E) ratio?
FFIC P/E ratio as of May 16, 2025 (TTM) is -9.83.

What is the FFIC EPS forecast?
The forecasted EPS (Earnings Per Share) for Flushing Financial Corporation (FFIC) for the first fiscal quarter 2025 is $0.310.

What are Flushing Financial Corporation's retained earnings?
On its balance sheet, Flushing Financial Corporation reported retained earnings of $121.42 million for the latest quarter ending Mar 31, 2025.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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ABOUT FLUSHING FINANCIAL CORPORATION
Flushing Financial
Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, demand accounts, NOW accounts, and certificates of deposit. The company also provides mortgage loans secured by multi-family residential, commercial real estate...
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