NASDAQ : FFIC
Flushing Financial Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 15.47 USD (At close: Jun 1, 2026) · Market cap 524.18M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 376.04M | 377.43M | 375.58M | 355.35M | 293.29M | 274.33M |
| Interest Income on Investments | 86.66M | 88.80M | 89.78M | 46.13M | 23.34M | 14.23M |
| Total Interest Income | 462.70M | 466.23M | 465.36M | 401.48M | 316.63M | 288.56M |
| Interest Paid on Deposits | 224.18M | 228.53M | 244.64M | 188.66M | 47.28M | 20.32M |
| Interest Paid on Borrowings | 20.79M | 22.17M | 38.72M | 33.67M | 25.73M | 20.27M |
| Total Interest Expense | 244.97M | 250.70M | 283.35M | 222.32M | 73.01M | 40.59M |
| Net Interest Income | 217.74M | 215.53M | 182.01M | 179.15M | 243.62M | 247.97M |
| Gain (Loss) on Sale of Assets | 104.00K | 621.00K | ||||
| Gain (Loss) on Sale of Investments | 544.00K | 708.00K | -72.39M | 87.00K | -12.61M | 144.00K |
| Other Non-Interest Income | 16.38M | 18.97M | 18.51M | 22.39M | 22.40M | 2.59M |
| Total Non-Interest Income | 20.11M | 23.40M | -57.45M | 22.59M | 10.01M | 3.69M |
| Revenues Before Loan Losses | 237.85M | 238.93M | 124.57M | 201.74M | 253.62M | 251.66M |
| Provision for Loan Losses | 10.48M | 12.79M | 9.57M | 10.52M | 5.08M | -4.94M |
| Revenue | 227.37M | 226.14M | 115.00M | 191.22M | 248.54M | 256.60M |
| Salaries and Employee Benefits | 97.63M | 92.95M | 88.94M | 80.35M | 77.57M | 80.41M |
| Occupancy Expenses | 10.99M | 10.86M | 10.50M | 10.50M | 11.03M | 10.75M |
| Federal Deposit Insurance | 4.92M | 5.63M | 6.30M | 3.99M | 2.26M | 2.95M |
| Selling, General & Administrative | 39.76M | 39.04M | 30.61M | 31.10M | 31.21M | 32.14M |
| Other Non-Interest Expense | 24.58M | 24.38M | 23.84M | 24.84M | 21.34M | 20.75M |
| Total Non-Interest Expense | 178.72M | 173.99M | 160.69M | 151.39M | 143.69M | 147.32M |
| EBT Excluding Unusual Items | 48.64M | 52.16M | -45.70M | 39.83M | 104.85M | 109.28M |
| Other Unusual Items | -2.57M | |||||
| Pretax Income | 48.64M | 34.52M | -48.27M | 39.83M | 104.85M | 109.28M |
| Income Tax Expense | 14.13M | 15.64M | -16.93M | 11.17M | 27.91M | 27.48M |
| Net Income | 34.51M | 18.88M | -31.33M | 28.66M | 76.94M | 81.79M |
| Preferred Dividends & Other Adjustments | 547.00K | 501.00K | 386.00K | 339.00K | ||
| Net Income to Common | 33.96M | 18.38M | -31.72M | 28.32M | 76.94M | 81.79M |
| Basic Shares Outstanding | 33.95M | 33.94M | 29.51M | 29.54M | 30.82M | 31.55M |
| Diluted Shares Outstanding | 33.95M | 33.94M | 29.51M | 29.54M | 30.82M | 31.55M |
| EPS (Basic) | 1.00 | 0.54 | -1.07 | 0.96 | 2.50 | 2.59 |
| EPS (Diluted) | 1.00 | 0.54 | -1.07 | 0.96 | 2.50 | 2.59 |
| Dividend Per Share | 0.88 | 0.88 | 0.88 | 0.88 | 0.88 | 0.84 |
| Effective Tax Rate | 29.06% | 45.30% | 28.04% | 26.62% | 25.15% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 142.09M | 109.46M | 109.41M | 124.21M | 85.41M | 60.22M |
| Investment Securities | 586.50M | 613.47M | 633.26M | 588.74M | 420.24M | 255.03M |
| Trading Asset Securities | 34.48M | 37.90M | 54.70M | 69.01M | 74.59M | 10.68M |
| Mortgage-Backed Securities | 1.09B | 821.94M | 911.64M | 354.34M | 384.28M | 574.43M |
| Total Investments | 1.71B | 1.47B | 1.60B | 1.01B | 879.10M | 840.14M |
| Gross Loans | 6.56B | 6.65B | 6.75B | 6.91B | 6.93B | 6.64B |
| Allowance for Loan Losses | -44.45M | -42.80M | -40.15M | -40.16M | -40.44M | -37.13M |
| Other Adjustments to Gross Loans | -2.02M | -949.00K | ||||
| Net Loans | 6.52B | 6.61B | 6.71B | 6.87B | 6.89B | 6.60B |
| Property, Plant & Equipment | 68.21M | 70.85M | 63.65M | 60.83M | 65.04M | 73.54M |
| Goodwill | 17.64M | 17.64M | 17.64M | 17.64M | ||
| Other Intangible Assets | 696.00K | 773.00K | 1.12M | 1.54M | 2.02M | 2.56M |
| Loans Held for Sale | 70.10M | |||||
| Accrued Interest Receivable | 60.42M | 59.44M | 62.04M | 59.02M | 45.05M | 38.70M |
| Restricted Cash | 16.61M | 16.61M | 43.16M | 47.95M | 66.34M | 21.50M |
| Long-Term Deferred Tax Assets | 32.69M | 40.41M | 45.15M | 45.47M | 31.87M | |
| Other Real Estate Owned & Foreclosed | 17.61M | 17.26M | 18.00M | 20.98M | 20.98M | |
| Other Long-Term Assets | 313.38M | 282.82M | 270.06M | 249.98M | 255.73M | 322.84M |
| Total Assets | 8.86B | 8.69B | 9.04B | 8.54B | 8.42B | 8.05B |
| Interest Bearing Deposits | 6.49B | 5.77B | 5.77B | 5.42B | 5.14B | 5.15B |
| Institutional Deposits | 510.66M | 514.40M | 497.40M | 377.40M | 217.50M | |
| Non-Interest Bearing Deposits | 995.53M | 969.29M | 836.54M | 847.42M | 921.24M | 967.62M |
| Total Deposits | 7.48B | 7.25B | 7.13B | 6.76B | 6.44B | 6.33B |
| Short-Term Borrowings | 23.11M | 91.71M | 70.40M | 153.40M | 18.41M | 25.07M |
| Current Portion of Long-Term Debt | 20.16M | 445.00M | 145.75M | 815.50M | 597.19M | |
| Current Portion of Leases | 6.72M | 9.23M | ||||
| Long-Term Debt | 189.24M | 189.05M | 188.33M | 187.63M | 186.97M | 122.89M |
| Federal Home Loan Bank Debt, Long-Term | 172.19M | 163.77M | 183.93M | 335.05M | 39.00M | |
| Long-Term Leases | 45.20M | 44.62M | 46.44M | 40.82M | 46.12M | 54.16M |
| Trust Preferred Securities | 55.07M | 51.67M | 48.80M | 47.85M | 50.51M | 56.47M |
| Pension & Post-Retirement Benefits | 1.04M | 9.63M | 9.29M | 9.15M | 12.86M | |
| Other Long-Term Liabilities | 189.77M | 161.93M | 196.06M | 182.73M | 181.95M | 125.12M |
| Total Liabilities | 8.17B | 7.99B | 8.31B | 7.87B | 7.75B | 7.37B |
| Common Stock | 387.00K | 387.00K | 387.00K | 341.00K | 341.00K | 341.00K |
| Additional Paid-In Capital | 325.79M | 326.61M | 326.67M | 264.53M | 264.33M | 263.38M |
| Retained Earnings | 470.54M | 480.38M | 492.00M | 549.68M | 547.51M | 497.89M |
| Treasury Stock | -96.65M | -98.95M | -101.66M | -106.07M | -98.53M | -75.29M |
| Comprehensive Income & Other | -2.66M | -453.00K | 7.13M | -38.65M | -36.49M | -6.68M |
| Shareholders' Equity | 697.41M | 707.98M | 724.54M | 669.84M | 677.16M | 679.63M |
| Total Liabilities & Equity | 8.86B | 8.69B | 9.04B | 8.54B | 8.42B | 8.05B |
| Total Debt | 491.53M | 570.21M | 982.89M | 910.50M | 1.12B | 894.77M |
| Net Cash (Debt) | -314.96M | -422.85M | -818.78M | -717.28M | -957.51M | -823.86M |
| Net Cash Per Share | -9.28 | -12.46 | -27.74 | -24.28 | -31.06 | -26.11 |
| Filing Date Shares Outstanding | 33.88M | 33.88M | 33.78M | 29.07M | 29.49M | 30.46M |
| Total Common Shares Outstanding | 33.88M | 33.78M | 33.66M | 28.87M | 29.48M | 30.51M |
| Book Value Per Share | 20.58 | 20.96 | 21.53 | 23.21 | 22.97 | 22.28 |
| Tangible Book Value | 696.71M | 707.20M | 705.78M | 650.66M | 657.50M | 659.43M |
| Tangible Book Value Per Share | 20.56 | 20.94 | 20.97 | 22.54 | 22.31 | 21.61 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 34.51M | 18.88M | -31.33M | 28.66M | 76.94M | 81.79M |
| Depreciation & Amortization | 5.62M | 5.69M | 6.14M | 6.45M | 6.47M | 7.04M |
| Gain (Loss) on Sale of Assets | -174.00K | -104.00K | -621.00K | |||
| Gain (Loss) on Sale of Investments | 3.54M | 2.76M | 75.75M | 127.00K | 11.31M | -3.18M |
| Total Asset Writedown | 2.31M | 19.95M | 939.00K | -2.57M | -5.73M | 12.99M |
| Provision for Credit Losses | 10.48M | 12.79M | 9.57M | 10.52M | 5.08M | -4.94M |
| Change in Other Net Operating Assets | -14.16M | 1.46M | -29.58M | -7.75M | -3.38M | -1.20M |
| Other Operating Activities | 3.52M | 2.33M | -22.15M | -2.13M | -6.17M | -5.77M |
| Operating Cash Flow | 45.26M | 61.02M | 12.41M | 34.59M | 85.75M | 88.60M |
| Capital Expenditures | -4.29M | -5.22M | -2.31M | -5.49M | -4.34M | -3.68M |
| Investment in Securities | -176.88M | 96.29M | -575.71M | -129.16M | -70.89M | -143.04M |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 212.29M | 161.22M | 83.37M | 40.94M | -336.97M | 57.43M |
| Other Investing Activities | -8.13M | -5.76M | -11.80M | -556.00K | 60.38M | -17.50M |
| Investing Cash Flow | 22.98M | 246.53M | -505.60M | -94.26M | -351.82M | -106.78M |
| Short-Term Debt Issued | 324.25M | 235.00M | ||||
| Long-Term Debt Issued | 300.00M | 661.05M | 63.60M | 122.84M | ||
| Total Debt Issued | 624.25M | 661.05M | 298.60M | 122.84M | ||
| Short-Term Debt Repaid | -435.00M | -605.75M | ||||
| Long-Term Debt Repaid | -551.12M | -265.00M | -55.69M | -341.64M | ||
| Total Debt Repaid | -11.75M | -435.00M | -551.12M | -870.75M | -55.69M | -341.64M |
| Net Debt Issued (Repaid) | -11.75M | -435.00M | 73.13M | -209.70M | 242.92M | -218.80M |
| Issuance of Common Stock | 65.54M | |||||
| Repurchase of Common Stock | -639.00K | -721.00K | -1.71M | -13.16M | -29.68M | -11.37M |
| Common Dividends Paid | -30.42M | -30.29M | -26.04M | -26.26M | -27.03M | -26.52M |
| Net Increase (Decrease) in Deposit Accounts | -138.64M | 131.96M | 362.69M | 329.20M | 149.88M | 199.21M |
| Financing Cash Flow | -181.45M | -334.05M | 473.61M | 80.08M | 336.09M | -57.48M |
| Net Cash Flow | -113.20M | -26.50M | -19.58M | 20.40M | 70.03M | -75.67M |
| Free Cash Flow | 40.97M | 55.80M | 10.10M | 29.10M | 81.41M | 84.92M |
| Free Cash Flow Margin | 18.02% | 24.67% | 8.79% | 15.22% | 32.76% | 33.09% |
| Free Cash Flow Per Share | 1.21 | 1.64 | 0.34 | 0.98 | 2.64 | 2.69 |
| Cash Interest Paid | 244.37M | 254.04M | 278.70M | 214.61M | 63.68M | 40.56M |
| Cash Income Tax Paid | 1.33M | 1.33M | 8.58M | 6.27M | 32.41M | 28.23M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 524.18M | 512.42M | 480.65M | 476.35M | 577.63M | 744.41M |
| Last Close Price | 15.47 | 14.75 | 13.02 | 14.10 | 15.59 | 18.76 |
| PE Ratio | 15.47 | 27.88 | 16.82 | 7.51 | 9.10 | |
| PS Ratio | 2.31 | 2.27 | 4.18 | 2.49 | 2.32 | 2.90 |
| PB Ratio | 0.75 | 0.72 | 0.66 | 0.71 | 0.85 | 1.09 |
| P/FCF Ratio | 12.79 | 9.18 | 47.58 | 16.37 | 7.09 | 8.77 |
| P/OCF Ratio | 11.58 | 8.40 | 38.73 | 13.77 | 6.74 | 8.40 |
| Debt / Equity Ratio | 0.70 | 0.81 | 1.36 | 1.36 | 1.65 | 1.32 |
| Debt / FCF Ratio | 12.00 | 10.22 | 97.30 | 31.29 | 13.73 | 10.54 |
| Net Debt / Equity Ratio | 0.45 | 0.60 | 1.13 | 1.07 | 1.41 | 1.21 |
| Net Debt / FCF Ratio | 7.69 | 7.58 | 81.05 | 24.65 | 11.76 | 9.70 |
| Return on Equity (ROE) | 4.93% | 2.64% | -4.49% | 4.26% | 11.34% | 12.60% |
| Return on Assets (ROA) | 0.39% | 0.21% | -0.36% | 0.34% | 0.93% | 1.02% |
| Earnings Yield | 6.48% | 3.68% | -6.52% | 6.02% | 13.32% | 10.99% |
| FCF Yield | 7.82% | 10.89% | 2.10% | 6.11% | 14.09% | 11.41% |
| Dividend Yield | 5.69% | 5.80% | 6.16% | 5.33% | 4.49% | 3.44% |
| Payout Ratio | 110.02% | 160.43% | 91.61% | 35.13% | 32.43% | |
| Buyback Yield / Dilution | -10.67% | -14.98% | 0.09% | 4.16% | 2.30% | -7.68% |
| Total Shareholder Return | -4.98% | -9.18% | 6.25% | 9.49% | 6.79% | -4.23% |