Flushing Financial Corporation (FFIC)

Flushing Financial Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	375.65	375.58	355.35	293.29	274.33	248.15
Interest Income on Investments	96.75	89.78	46.13	23.34	14.23	16.17
Total Interest Income	472.4	465.36	401.48	316.63	288.56	264.33
Interest Paid on Deposits	243.95	244.64	188.66	47.29	20.32	42.31
Interest Paid on Borrowings	35.85	38.72	33.67	25.73	20.27	26.82
Total Interest Expense	279.8	283.35	222.33	73.01	40.59	69.13
Net Interest Income	192.6	182.01	179.15	243.62	247.97	195.2
Net Interest Income Growth (YoY)	9.25%	1.60%	-26.46%	-1.75%	27.03%	20.54%
Gain (Loss) on Sale of Assets	0.17	0.17	-	0.1	0.62	-
Gain (Loss) on Sale of Investments	-72.1	-72.39	0.09	-12.61	0.14	-0.47
Other Non-Interest Income	19.69	18.51	22.39	22.4	2.59	11.46
Total Non-Interest Income	-55.28	-57.27	22.59	10.01	3.69	11.04
Non-Interest Income Growth (YoY)	-	-	125.68%	171.47%	-66.61%	16.60%
Revenues Before Loan Losses	137.32	124.74	201.74	253.63	251.66	206.24
Provision for Loan Losses	13.29	9.57	10.52	5.08	-4.94	23.13
Revenue	124.03	115.17	191.22	248.54	256.6	183.11
Revenue Growth (YoY)	-35.23%	-39.77%	-23.06%	-3.14%	40.13%	8.61%
Salaries and Employee Benefits	90.9	89.2	80.66	78.17	80.41	68.23
Occupancy Expenses	10.59	10.5	10.5	11.03	10.75	9.49
Federal Deposit Insurance	6.35	6.3	3.99	2.26	2.95	2.68
Selling, General & Administrative	29.79	30.35	30.8	30.6	32.14	32.81
Other Non-Interest Expense	24.5	23.84	24.84	21.34	20.75	16.64
Total Non-Interest Expense	165.59	163.44	151.39	143.69	147.32	130.1
EBT Excluding Unusual Items	-41.56	-48.27	39.83	104.85	109.28	53.02
Other Unusual Items	-	-	-	-	-	-7.83
Pretax Income	-59.2	-48.27	39.83	104.85	109.28	45.18
Income Tax Expense	-14.38	-16.93	11.17	27.91	27.49	10.51
Net Income	-44.81	-31.33	28.66	76.95	81.79	34.67
Net Income to Common	-44.81	-31.33	28.66	76.95	81.79	34.67
Net Income Growth	-	-	-62.75%	-5.93%	135.89%	-16.00%
Basic Shares Outstanding	31	30	30	31	32	29
Diluted Shares Outstanding	31	30	30	31	32	29
Shares Change (YoY)	4.49%	0.08%	-2.91%	-2.30%	7.68%	2.06%
EPS (Basic)	-1.44	-1.05	0.96	2.50	2.59	1.18
EPS (Diluted)	-1.45	-1.05	0.96	2.50	2.59	1.18
EPS Growth	-	-	-61.63%	-3.62%	119.49%	-17.93%
Dividend Per Share	0.880	0.880	0.880	0.880	0.840	0.840
Dividend Growth	-	-	-	4.76%	-	-
Effective Tax Rate	-	-	28.04%	26.62%	25.15%	23.26%

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q