Earnings summaries and quarterly performance for FLUSHING FINANCIAL.
Executive leadership at FLUSHING FINANCIAL.
John Buran
President and Chief Executive Officer
Astrid Burrowes
Executive Vice President, Chief Accounting Officer
Douglas McClintock
Senior Executive Vice President and General Counsel
Francis Korzekwinski
Senior Executive Vice President and Chief of Real Estate Lending
Maria Grasso
Senior Executive Vice President, Chief Operating Officer and Corporate Secretary
Michael Bingold
Senior Executive Vice President, Chief Retail and Client Development Officer
Susan Cullen
Senior Executive Vice President, Treasurer and Chief Financial Officer
Theresa Kelly
Executive Vice President, Business Banking
Thomas Buonaiuto
Senior Executive Vice President, Chief of Staff and Deposit Channel Executive
Board of directors at FLUSHING FINANCIAL.
Alfred DelliBovi
Chairman of the Board
Caren Yoh
Director
Donna O’Brien
Director
Douglas Manditch
Director
James Bennett
Director
John McCabe
Director
Louis Grassi
Director
Michael Azarian
Director
Sam Han
Director
Steven D’Iorio
Director
Research analysts who have asked questions during FLUSHING FINANCIAL earnings calls.
Mark Fitzgibbon
Piper Sandler & Co.
6 questions for FFIC
David Konrad
Keefe, Bruyette & Woods (KBW)
3 questions for FFIC
Sharon Gee
D.A. Davidson & Co.
3 questions for FFIC
Stephen Moss
Raymond James Financial, Inc.
3 questions for FFIC
Thomas Reid
Raymond James
3 questions for FFIC
Christopher O'Connell
Keefe, Bruyette, & Woods, Inc.
2 questions for FFIC
Manuel Navas
D.A. Davidson & Co.
2 questions for FFIC
Recent press releases and 8-K filings for FFIC.
- FFIC reported GAAP Net Interest Margin (NIM) of 2.64% and Core NIM of 2.62% in Q3 2025, both expanding by 10 basis points QoQ. Net Interest Income was $53.6 million in Q3 2025.
- Asset quality showed improvement, with Net charge-offs totaling 7 basis points in Q3 2025, down from 15 bps in Q2 2025. Non-performing assets (NPAs) to assets were 70 basis points at Q3 2025.
- Noninterest bearing deposits increased 7.2% QoQ and 5.7% YoY in Q3 2025. Total average deposits were $7,346 million.
- The company maintained strong capital and liquidity, with a Tangible Common Equity (TCE) ratio of 8.01% at September 30, 2025, up 101 basis points YoY. Undrawn lines and resources totaled $3.9 billion at quarter end.
- For the remainder of 2025, core noninterest expense is expected to increase 4.5%-5.5% from the 2024 base of $159.6 million, and the effective tax rate is projected to be 24.5%-26.5%.
- Flushing Financial Corporation (FFIC) reported strong Q3 2025 results, with GAAP earnings per share of $0.30 and core earnings per share of $0.35, marking a 55% year-over-year improvement in core earnings.
- The company achieved improved profitability, with GAAP net interest margin expanding to 2.64% and core net interest margin expanding to 2.62%, both increasing by 10 basis points quarter-over-quarter.
- Credit metrics remained robust, showing net charge-offs of 7 basis points and non-performing assets at 70 basis points of total assets as of Q3 2025.
- FFIC maintained a strong balance sheet, reporting a tangible common equity ratio of 8.01% and $3.9 billion in undrawn liquidity resources as of September 30, 2025.
- Future profitability is anticipated from loan repricing, with approximately $2 billion of loans scheduled to reprice at higher rates through 2027, expected to increase net interest income by $2 million in Q4 2025, $11 million in 2026, and $15 million in 2027.
- Flushing Financial Corporation reported GAAP diluted earnings per common share of $0.30 and Core EPS of $0.35 for the third quarter of 2025.
- The company's Net Interest Margin (NIM) expanded by 10 basis points quarter-over-quarter to 2.64% (GAAP) and 2.62% (Core) in Q3 2025.
- Average noninterest-bearing deposits increased 5.7% year-over-year and 2.1% quarter-over-quarter, comprising 12.2% of total average deposits in Q3 2025.
- The Tangible Common Equity to Tangible Assets ratio stood at 8.01% at September 30, 2025, marking a 101 basis-point improvement from a year ago.
- Credit quality metrics included Nonperforming Assets to assets at 0.70% and net charge-offs to average loans at 0.07% for Q3 2025, while the loan pipeline increased 91.0% quarter-over-quarter to $345.6 million.
- Both GAAP and Core Net Interest Margin (NIM) expanded by 10 basis points QoQ in Q3 2025, reaching 2.64% and 2.62% respectively.
- Flushing Financial Corp. maintained strong liquidity with $3.9 billion in undrawn lines and resources and reported a tangible common equity ratio of 8.01% as of September 30, 2025.
- Asset quality showed improvement with net charge-offs totaling 7 basis points in Q3 2025, down from 15 basis points in Q2 2025, and non-performing assets to assets at 70 basis points. The real estate loan portfolio has an average Loan-to-Value (LTV) of less than 35% and a weighted average Debt Coverage Ratio (DCR) of 1.7x for multifamily and investor commercial real estate loans.
- The company anticipates real estate loans to reprice approximately 147 basis points higher through 2027, with $175 million of loans scheduled to reprice upwards by 128 basis points in Q4 2025. Core noninterest expense for 2025 is projected to increase 4.5%-5.5% from the 2024 base of $159.6 million.
Quarterly earnings call transcripts for FLUSHING FINANCIAL.
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