Earnings summaries and quarterly performance for FLUSHING FINANCIAL.
Executive leadership at FLUSHING FINANCIAL.
John Buran
Detailed
President and Chief Executive Officer
CEO
AB
Astrid Burrowes
Detailed
Executive Vice President, Chief Accounting Officer
DM
Douglas McClintock
Detailed
Senior Executive Vice President and General Counsel
FK
Francis Korzekwinski
Detailed
Senior Executive Vice President and Chief of Real Estate Lending
MG
Maria Grasso
Detailed
Senior Executive Vice President, Chief Operating Officer and Corporate Secretary
MB
Michael Bingold
Detailed
Senior Executive Vice President, Chief Retail and Client Development Officer
SC
Susan Cullen
Detailed
Senior Executive Vice President, Treasurer and Chief Financial Officer
TK
Theresa Kelly
Detailed
Executive Vice President, Business Banking
TB
Thomas Buonaiuto
Detailed
Senior Executive Vice President, Chief of Staff and Deposit Channel Executive
Board of directors at FLUSHING FINANCIAL.
AD
Alfred DelliBovi
Detailed
Chairman of the Board
CY
Caren Yoh
Detailed
Director
DO
Donna O’Brien
Detailed
Director
DM
Douglas Manditch
Detailed
Director
JB
James Bennett
Detailed
Director
JM
John McCabe
Detailed
Director
LG
Louis Grassi
Detailed
Director
MA
Michael Azarian
Detailed
Director
SH
Sam Han
Detailed
Director
SD
Steven D’Iorio
Detailed
Director
Research analysts who have asked questions during FLUSHING FINANCIAL earnings calls.
MF
Mark Fitzgibbon
Piper Sandler & Co.
6 questions for FFIC
Also covers: AMAL, BHLB, BRKL +11 more
DK
David Konrad
Keefe, Bruyette & Woods (KBW)
3 questions for FFIC
Also covers: AMAL, BLFY, BRKL +8 more
SG
Sharon Gee
D.A. Davidson & Co.
3 questions for FFIC
Also covers: CBU
SM
Stephen Moss
Raymond James Financial, Inc.
3 questions for FFIC
Also covers: AUB, BRKL, CAC +12 more
TR
Thomas Reid
Raymond James
3 questions for FFIC
Also covers: DCOM, PFS, SMBK
Christopher O'Connell
Keefe, Bruyette, & Woods, Inc.
2 questions for FFIC
Also covers: AMAL, ASB, BHLB +9 more
MN
Manuel Navas
D.A. Davidson & Co.
2 questions for FFIC
Also covers: ABCB, BFST, CBU +16 more
Recent press releases and 8-K filings for FFIC.
Flushing Financial Corporation Announces Merger with OceanFirst Financial Corp.
FFIC
M&A
New Projects/Investments
Executive Compensation
- Flushing Financial Corporation (the "Company") entered into an Agreement and Plan of Merger with OceanFirst Financial Corp. ("Parent") and Apollo Merger Sub Corp. on December 29, 2025, which will result in Parent being the surviving corporation.
- Following the corporate mergers, Flushing Bank, a wholly-owned subsidiary of the Company, will merge into OceanFirst Bank, National Association, a wholly-owned subsidiary of Parent.
- Concurrently with the merger closing, an investor will make an equity investment of $225,000,000 in Parent for shares of Parent Common Stock and Non-Voting Common Equivalent Stock.
- Effective April 1, 2026, all retiree health and welfare plans and obligations of the Company and Flushing Bank will terminate, with a one-time cash lump sum payment offered to eligible individuals.
Jan 5, 2026, 9:16 PM
Flushing Financial Corp. and OceanFirst Financial Corp. Announce Merger Agreement
FFIC
M&A
New Projects/Investments
Guidance Update
- Flushing Financial Corp. (FFIC) and OceanFirst Financial Corp. (OCFC) have entered into a definitive all-stock merger agreement, valued at $579 million based on OCFC's closing stock price of $19.76 on December 26, 2025.
- Under the terms, Flushing stockholders will receive 0.85x of a share of OceanFirst common stock for each share of Flushing common stock.
- The combined company is expected to have approximately $23 billion in assets, $17 billion in total loans, and $18 billion in total deposits.
- The transaction includes a $225 million equity investment from Warburg Pincus and is projected to be 16% accretive to EPS and achieve a 13% Return on Average Tangible Common Equity (ROATCE) by 2027.
- The merger is anticipated to close in the second quarter of 2026, subject to regulatory and shareholder approvals.
Dec 30, 2025, 12:53 AM
FFIC Announces Q3 2025 Financial Highlights
FFIC
Earnings
Guidance Update
Revenue Acceleration/Inflection
- 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%.
Oct 30, 2025, 1:30 PM
Flushing Financial Corporation Reports Strong Q3 2025 Earnings and Strategic Progress
FFIC
Earnings
Guidance Update
Revenue Acceleration/Inflection
- 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.
Oct 30, 2025, 1:30 PM
Flushing Financial Reports Q3 2025 Earnings with NIM Expansion and Deposit Growth
FFIC
Earnings
Revenue Acceleration/Inflection
- 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.
Oct 29, 2025, 9:25 PM
Flushing Financial Corp. Reports Q3 2025 Results with NIM Expansion and Strong Liquidity
FFIC
Earnings
Guidance Update
- 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.
Oct 29, 2025, 9:16 PM
Quarterly earnings call transcripts for FLUSHING FINANCIAL.
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