Thomas Reid's questions to FLUSHING FINANCIAL (FFIC) leadership • Q2 2025
Question
Thomas Reid from Raymond James asked for the reasons behind the lowered expense outlook and for an update on the company's plans for SBA hiring and de novo branch expansion.
Answer
CFO Susan Cullen attributed the reduced expense guidance to adjustments in incentive compensation accruals and disciplined expense management. She confirmed plans for two branch openings in 2025, one already completed in Jackson Heights and another planned for Chinatown, and noted the company is always open to hiring new revenue-generating teams.