The First of Long Island Corporation (FLIC)

FLIC 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	135.84	127.87	116.35	106.27	109.49	117.17
Interest Income on Investments	31.34	27.62	17.86	16.69	21.72	26.68
Total Interest Income	167.18	155.48	134.21	122.96	131.22	143.85
Interest Paid on Deposits	70.54	51.43	12.48	10.13	20.07	33.06
Interest Paid on Borrowings	21.48	17.19	6.02	6.03	9.11	10.62
Total Interest Expense	92.03	68.62	18.5	16.15	29.19	43.68
Net Interest Income	75.15	86.87	115.71	106.81	102.03	100.17
Net Interest Income Growth (YoY)	-20.61%	-24.93%	8.34%	4.68%	1.86%	-2.28%
Trust Income	-	-	-	-	-	2.01
Gain (Loss) on Sale of Assets	0.24	0.24	-0.55	-	-	-
Gain (Loss) on Sale of Investments	-	-3.49	-	1.1	2.56	0.01
Other Non-Interest Income	7.67	6.55	9.26	8.55	8.57	5.37
Total Non-Interest Income	11.25	6.34	11.86	12.57	14.09	10.61
Non-Interest Income Growth (YoY)	78.29%	-46.59%	-5.65%	-10.73%	32.75%	519.08%
Revenues Before Loan Losses	86.4	93.2	127.58	119.38	116.11	110.78
Provision for Loan Losses	1.64	-0.33	2.33	-2.57	3.01	0.03
Revenue	84.75	93.53	125.25	121.95	113.11	110.75
Revenue Growth (YoY)	-17.00%	-25.32%	2.70%	7.82%	2.13%	4.50%
Salaries and Employee Benefits	36.34	36.12	38.63	38.12	35.5	31.46
Occupancy Expenses	8.43	9.12	9.64	7.37	8.91	8.81
Selling, General & Administrative	4.96	5.27	6.24	6.5	5.1	6.14
Other Non-Interest Expense	13.17	13.55	12.52	13.56	11.36	11.95
Total Non-Interest Expense	62.9	64.06	67.03	65.55	60.87	58.36
EBT Excluding Unusual Items	21.85	29.47	58.22	56.41	52.23	52.38
Other Unusual Items	-	-	-	-	-2.56	-2.6
Pretax Income	20.44	29.47	58.22	53.31	49.53	49.78
Income Tax Expense	0.55	3.23	11.29	10.22	8.32	8.23
Net Income	19.89	26.24	46.93	43.09	41.2	41.56
Net Income to Common	19.89	26.24	46.93	43.09	41.2	41.56
Net Income Growth	-33.88%	-44.09%	8.92%	4.58%	-0.85%	-0.04%
Basic Shares Outstanding	23	23	23	24	24	25
Diluted Shares Outstanding	23	23	23	24	24	25
Shares Change (YoY)	0.03%	-1.46%	-3.34%	-0.63%	-3.76%	-2.39%
EPS (Basic)	0.88	1.16	2.05	1.82	1.73	1.68
EPS (Diluted)	0.88	1.16	2.04	1.81	1.72	1.67
EPS Growth	-33.26%	-43.14%	12.71%	5.23%	2.99%	2.45%
Dividend Per Share	0.840	0.840	0.820	0.780	0.740	0.700
Dividend Growth	0%	2.44%	5.13%	5.41%	5.71%	9.38%
Effective Tax Rate	2.69%	10.96%	19.39%	19.17%	16.81%	16.53%

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