FFIC
Flushing Financial Corporation17.36
+0.06+0.35%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
586.39MP/E (TTM)
-Basic EPS (TTM)
-1.22Dividend Yield
0.05%Recent Filings
10-K
FY2025 results
Flushing Financial closed FY2025 ended December 31, 2025 with $8.7B assets, $7.3B deposits, and $6.6B gross loans, down slightly y/y amid merger anticipation with OceanFirst. Net income swung to $18.9M from a $31.3M loss, driven by $33.5M net interest income growth to $215.5M as margin expanded 44bps to 2.59% on deposit cost relief. Loans dipped to $6,640M (-1.5% y/y), non-performers rose to 0.63% amid $9.8M charge-offs, prompting $12.8M credit provision. Deposits grew 2% to $7.3B, borrowings halved to $485M. Liquidity solid at $3.9B available. Proposed merger risks regulatory delays.
8-K
Declares $0.22 dividend
Flushing Financial declared a $0.22 per share quarterly dividend, payable March 27, 2026, to shareholders of record March 13. This marks the 119th consecutive payout, backed by Q4 2025 operating strength and solid capital. Strong finances sustain dividends amid the planned OceanFirst merger. Forward-looking statements carry risks.
8-K
NIM expands, CRE dips
Flushing Financial posted 4Q25 GAAP EPS of $0.12 and core EPS of $0.32, with NIM expanding 4 bps to 2.68% on noninterest deposit growth to 13% of total. CRE concentration fell to 465% from 522% YoY amid disciplined lending; TCE ratio rose to 8.14%. Merger costs hit expenses. Pending OceanFirst deal adds uncertainty.
8-K
Flushing merges into OceanFirst
Flushing Financial signed a merger agreement with OceanFirst on December 29, 2025, converting each Flushing share into 0.85 OceanFirst shares; deal closes Q2 2026 pending approvals. OceanFirst secures $225M Warburg investment concurrently at $19.76/share plus NVCE stock and warrants. Six Flushing directors join 17-member board. Regulatory nods essential.
8-K
OceanFirst to acquire Flushing, $225M raise
OceanFirst signed a merger agreement on December 29, 2025, to acquire Flushing Financial in an all-stock deal valued at $579 million (0.8500 OceanFirst shares per Flushing share), creating a $23 billion asset regional bank spanning NJ, Long Island, and NYC. Warburg Pincus commits $225 million in equity at $19.76/share concurrently, funding the merger while diluting TBV 6% (3.1-year earnback). Deal awaits 2Q 2026 close pending approvals. Regulatory hurdles loom large.
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