Mark Fitzgibbon

David Konrad

Sharon Gee

Stephen Moss

Thomas Reid

Christopher O'Connell

Manuel Navas

- 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**.  **[0000923139_2216166_0]** 
- 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**.  **[0000923139_2216166_0]** 
- 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.  **[0000923139_2216166_0]** 
- 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.  **[0000923139_2216166_0]** **[0000923139_2216166_5]** 
- 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**.  **[0000923139_2216166_1]**

Flushing Financial Corporation Reports Strong Q3 2025 Earnings and Strategic Progress

- 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**.  **[0000923139_2212979:1]** **[0000923139_2212979:7]**  Net Interest Income was **$53.6 million** in Q3 2025.  **[0000923139_2212979:1]** 
- Asset quality showed improvement, with **Net charge-offs totaling 7 basis points** in Q3 2025, down from 15 bps in Q2 2025.  **[0000923139_2212979:1]**  Non-performing assets (NPAs) to assets were **70 basis points** at Q3 2025.  **[0000923139_2212979:1]** 
- Noninterest bearing deposits increased **7.2% QoQ** and **5.7% YoY** in Q3 2025.  **[0000923139_2212979:1]** **[0000923139_2212979:2]**  Total average deposits were **$7,346 million**.  **[0000923139_2212979:2]** 
- 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**.  **[0000923139_2212979:1]** **[0000923139_2212979:7]**  Undrawn lines and resources totaled **$3.9 billion** at quarter end.  **[0000923139_2212979:1]** **[0000923139_2212979:7]** 
- 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%**.  **[0000923139_2212979:6]**

FFIC Announces Q3 2025 Financial Highlights

- 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.  **[923139_0000923139-25-000041_ffic-20251029xex99.htm:0]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:1]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:3]** 
- 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.  **[923139_0000923139-25-000041_ffic-20251029xex99.htm:0]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:1]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:2]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:3]** 
- 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.  **[923139_0000923139-25-000041_ffic-20251029xex99.htm:0]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:2]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:4]** 
- 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.  **[923139_0000923139-25-000041_ffic-20251029xex99.htm:0]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:1]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:2]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:4]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:7]** 
- 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**.  **[923139_0000923139-25-000041_ffic-20251029xex99.htm:0]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:1]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:2]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:4]** **[923139_0000923139-25-000041_ffic-20251029xex99.htm:7]**

Flushing Financial Reports Q3 2025 Earnings with NIM Expansion and Deposit Growth

- Both GAAP and Core Net Interest Margin (NIM) expanded by **10 basis points QoQ** in Q3 2025, reaching **2.64%** and **2.62%** respectively.  **[923139_0001104659-25-103796_ffic-20251029xex99d1.htm:1]** 
- 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.  **[923139_0001104659-25-103796_ffic-20251029xex99d1.htm:1]**   
- 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**.  **[923139_0001104659-25-103796_ffic-20251029xex99d1.htm:1]**  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.  **[923139_0001104659-25-103796_ffic-20251029xex99d1.htm:2]**  
- 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.  **[923139_0001104659-25-103796_ffic-20251029xex99d1.htm:1]** **[923139_0001104659-25-103796_ffic-20251029xex99d1.htm:4]**   Core noninterest expense for 2025 is projected to increase **4.5%-5.5%** from the 2024 base of $159.6 million.  **[923139_0001104659-25-103796_ffic-20251029xex99d1.htm:4]**

FLUSHING FINANCIAL (FFIC)