Flushing Financial Corporation (FFIC)

Flushing Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	377.08	355.35	293.29	274.33	248.15	251.74
Interest Income on Investments	77	46.13	23.34	14.23	16.17	27.21
Total Interest Income	454.09	401.48	316.63	288.56	264.33	278.96
Interest Paid on Deposits	238.19	188.66	47.29	20.32	42.31	88.06
Interest Paid on Borrowings	39.03	33.67	25.73	20.27	26.82	28.96
Total Interest Expense	277.22	222.33	73.01	40.59	69.13	117.02
Net Interest Income	176.86	179.15	243.62	247.97	195.2	161.94
Net Interest Income Growth (YoY)	-5.56%	-26.46%	-1.76%	27.03%	20.54%	-3.27%
Gain (Loss) on Sale of Assets	-	-	0.1	0.62	-	0.77
Gain (Loss) on Sale of Investments	0.77	0.09	-12.61	0.14	-0.47	0.42
Other Non-Interest Income	19.94	22.39	22.4	2.59	11.46	7.42
Total Non-Interest Income	20.98	22.59	10.01	3.69	11.04	9.47
Non-Interest Income Growth (YoY)	178.46%	125.68%	171.47%	-66.61%	16.60%	-8.38%
Revenues Before Loan Losses	197.84	201.74	253.63	251.66	206.24	171.41
Provision for Loan Losses	4.13	10.52	5.08	-4.94	23.13	2.81
Revenue	193.71	191.22	248.54	256.6	183.11	168.6
Revenue Growth (YoY)	4.54%	-23.06%	-3.14%	40.13%	8.61%	-4.84%
Salaries and Employee Benefits	88.01	80.66	78.17	80.41	68.23	59.87
Occupancy Expenses	10.64	10.5	11.03	10.75	9.49	8.66
Federal Deposit Insurance	5.45	3.99	2.26	2.95	2.68	0.87
Selling, General & Administrative	29.27	30.8	30.6	32.14	32.81	30.73
Other Non-Interest Expense	24.66	24.84	21.34	20.75	16.64	14.94
Total Non-Interest Expense	158.37	151.39	143.69	147.32	130.1	115.27
EBT Excluding Unusual Items	35.34	39.83	104.85	109.28	53.02	53.33
Other Unusual Items	-	-	-	-	-7.83	-
Pretax Income	35.34	39.83	104.85	109.28	45.18	53.33
Income Tax Expense	9.33	11.17	27.91	27.49	10.51	12.05
Net Income	26.01	28.66	76.95	81.79	34.67	41.28
Net Income to Common	26.01	28.66	76.95	81.79	34.67	41.28
Net Income Growth	-15.59%	-62.75%	-5.93%	135.89%	-16.00%	-25.07%
Basic Shares Outstanding	30	30	31	32	29	29
Diluted Shares Outstanding	30	30	31	32	29	29
Shares Change (YoY)	-1.28%	-2.91%	-2.30%	7.68%	2.06%	-0.00%
EPS (Basic)	0.87	0.96	2.50	2.59	1.18	1.44
EPS (Diluted)	0.87	0.96	2.50	2.59	1.18	1.44
EPS Growth	-14.95%	-61.63%	-3.62%	119.49%	-17.93%	-25.07%
Dividend Per Share	0.880	0.880	0.880	0.840	0.840	0.840
Dividend Growth	0%	0%	4.76%	0%	0%	5.00%
Effective Tax Rate	26.41%	28.04%	26.62%	25.15%	23.26%	22.60%

Source: S&P Capital IQ. Banks template. Financial Sources.