Sharon Gee's questions to Flushing Financial Corp (FFIC) leadership • Q2 2025
Question
Speaking on behalf of Manuel Navis, Sharon Gee from D.A. Davidson & Co. asked about any potential credit stress observed in loans that repriced significantly higher during the quarter.
Answer
Senior EVP and CFO Susan Cullen confirmed that no credit stress was observed. She noted a 92% retention rate on the repriced loans, which are current. She attributed the strong performance to the bank's practice of stress testing loans at origination for rate increases of up to 200 basis points, which provided confidence in their ability to perform at the new, higher rates.