The First of Long Island Corporation (FLIC)

FLIC Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	137.09	127.87	116.35	106.27	109.49
Interest Income on Investments	30.24	27.62	17.86	16.69	21.72
Total Interest Income	167.33	155.48	134.21	122.96	131.22
Interest Paid on Deposits	72.76	51.43	12.48	10.13	20.07
Interest Paid on Borrowings	21.35	17.19	6.02	6.03	9.11
Total Interest Expense	94.11	68.62	18.5	16.15	29.19
Net Interest Income	73.22	86.87	115.71	106.81	102.03
Net Interest Income Growth (YoY)	-15.71%	-24.93%	8.34%	4.68%	1.86%
Gain (Loss) on Sale of Assets	0.02	0.24	-0.55	-	-
Gain (Loss) on Sale of Investments	-	-3.49	-	1.1	2.56
Other Non-Interest Income	8.67	6.55	9.26	8.55	8.57
Total Non-Interest Income	12.07	6.34	11.86	12.57	14.09
Non-Interest Income Growth (YoY)	90.47%	-46.59%	-5.65%	-10.73%	32.75%
Revenues Before Loan Losses	85.29	93.2	127.58	119.38	116.11
Provision for Loan Losses	0.36	-0.33	2.33	-2.57	3.01
Revenue	84.93	93.53	125.25	121.95	113.11
Revenue Growth (YoY)	-9.19%	-25.32%	2.70%	7.82%	2.13%
Salaries and Employee Benefits	39.72	36.12	38.63	38.12	35.5
Occupancy Expenses	12.59	9.12	9.64	7.37	8.91
Selling, General & Administrative	-	5.27	6.24	6.5	5.1
Other Non-Interest Expense	12.76	13.55	12.52	13.56	11.36
Total Non-Interest Expense	65.07	64.06	67.03	65.55	60.87
EBT Excluding Unusual Items	19.86	29.47	58.22	56.41	52.23
Other Unusual Items	-	-	-	-	-2.56
Pretax Income	16.76	29.47	58.22	53.31	49.53
Income Tax Expense	-0.31	3.23	11.29	10.22	8.32
Net Income	17.08	26.24	46.93	43.09	41.2
Net Income to Common	17.08	26.24	46.93	43.09	41.2
Net Income Growth	-34.92%	-44.09%	8.92%	4.58%	-0.85%
Basic Shares Outstanding	23	23	23	24	24
Diluted Shares Outstanding	23	23	23	24	24
Shares Change (YoY)	0.07%	-1.46%	-3.34%	-0.63%	-3.76%
EPS (Basic)	0.76	1.16	2.05	1.82	1.73
EPS (Diluted)	0.75	1.16	2.04	1.81	1.72
EPS Growth	-35.34%	-43.14%	12.71%	5.23%	2.99%
Dividend Per Share	0.840	0.840	0.820	0.780	0.740
Dividend Growth	0%	2.44%	5.13%	5.41%	5.71%
Effective Tax Rate	-	10.96%	19.39%	19.17%	16.81%

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