Flushing Financial Corporation
- Open
- 15.80
- Day high
- 15.80
- Day low
- 15.47
- Prev close
- 15.49
- Volume
- 719K
- Mkt cap
- $524M
- P/E (TTM)
- 15.5
- EPS (TTM)
- $1.00
- P/B
- 0.8
- P/S
- 1.1
- Yield
- 5.69%
- Per share
- $0.88
- ▼Insiders net selling -$749K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
Flushing Financial Corporation (FFIC) is a Financial Services company listed on NASDAQ. The stock is up 27% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Flushing Financial Corporation (FFIC) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FFIC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $0.32 | $0.29 | -9.4% | $60M | -1.5% |
| Mar 6, 2026 | — | $0.12 | — | $119M | — |
| Oct 29, 2025 | $0.31 | $0.35 | +12.9% | $59M | -3.4% |
| Jul 24, 2025 | $0.29 | $0.32 | +10.3% | $63M | +8.1% |
| Jan 28, 2025 | $0.21 | $0.14 | -33.3% | $49M | +6.6% |
| Oct 24, 2024 | $0.19 | $0.30 | +57.9% | $52M | +8.6% |
| Mar 15, 2024 | — | $0.18 | — | $116M | — |
| Oct 31, 2023 | $0.24 | $0.32 | +33.3% | $48M | +2.0% |
| Jul 25, 2023 | $0.19 | $0.29 | +52.6% | $48M | +3.5% |
| Mar 14, 2023 | — | $0.34 | — | $82M | — |
| Jul 26, 2022 | $0.66 | $0.81 | +22.7% | $72M | +8.8% |
| Jan 27, 2022 | $0.68 | $0.58 | -14.7% | $62M | -4.2% |
FFIC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 22, 2026 | BURAN JOHN Rdirector, officer: President and CEO | Sell | 36,239 | $15.83 |
| May 12, 2026 | BUONAIUTO THOMASofficer: SEVP | Sell | 222 | $15.96 |
| May 12, 2026 | BUONAIUTO THOMASofficer: SEVP | Sell | 10,778 | $15.96 |
| Feb 3, 2026 | Han Sam Sang Kidirector | Grant | 4,800 | — |
| Feb 3, 2026 | DIorio Steven Jdirector | Grant | 4,800 | — |
| Feb 3, 2026 | Obrien Donna Mdirector | Grant | 4,800 | — |
| Feb 3, 2026 | DelliBovi Alfred Adirector | Grant | 4,800 | — |
| Feb 3, 2026 | Azarian Michael Adirector | Grant | 4,800 | — |
| Feb 3, 2026 | McCabe Johndirector | Grant | 4,800 | — |
| Feb 3, 2026 | MANDITCH DOUGLAS Cdirector | Grant | 4,800 | — |
| Feb 3, 2026 | BUONAIUTO THOMASofficer: SEVP | Sell | 1,311 | $15.67 |
| Feb 3, 2026 | Yoh Caren Cdirector | Grant | 4,800 | — |
| Feb 3, 2026 | BENNETT JAMES DAVISONdirector | Grant | 4,800 | — |
| Feb 3, 2026 | BUONAIUTO THOMASofficer: SEVP | Sell | 1,570 | $16.20 |
| Feb 3, 2026 | GRASSI LOUIS Cdirector | Grant | 4,800 | — |
Source: FFIC SEC Form 4 filings, latest May 22, 2026. For informational purposes only — not investment advice.
See the full FFIC insider & 13F page →Flushing Financial Corporation company profile
Overview
Flushing Financial Corporation (NASDAQ:FFIC) is a regional bank holding company founded in 1929 and headquartered in Uniondale, New York. The company operates through its primary subsidiary, Flushing Bank, which provides traditional banking services across the New York metropolitan area. With nearly a century of operation, Flushing Financial has established itself as a community-focused institution serving consumers, businesses, and governmental entities primarily in Queens, Brooklyn, Manhattan, and Nassau and Suffolk counties on Long Island. The bank has developed a particular strength in serving Asian-American communities, with approximately one-third of its 24 branches located in Asian markets.
Business
Flushing Financial operates as a traditional community bank in the highly regulated regional banking sector. Regional banks like Flushing serve as intermediaries between depositors who provide funds and borrowers who need capital, earning profit from the difference between interest paid on deposits and interest earned on loans. The company's core business revolves around two main activities: deposit gathering and lending operations. On the deposit side, Flushing Bank offers standard banking products including checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs) to attract customer funds. The bank's deposit base totals approximately $7.3 billion, with CDs representing a significant portion at $2.7 billion or 37% of total deposits. The lending portfolio is heavily concentrated in real estate financing, with over 90% of loans secured by real estate properties. The loan portfolio breaks down into several key segments: 1. Multifamily residential lending represents 38% of gross loans ($2.5 billion), focusing on apartment buildings and multi-unit residential properties primarily in the New York market. These loans typically have an average size of $1.2 million with conservative loan-to-value ratios averaging 35%. 2. Investor commercial real estate lending comprises 26% of gross loans, targeting income-producing commercial properties excluding office buildings. This segment has maintained strong performance with zero non-performing loans. 3. One-to-four family residential mortgages for both owner-occupied and investment properties, serving the traditional homeownership market. 4. Commercial business loans including Small Business Administration (SBA) loans and other small business financing, representing a growing focus area for the bank. 5. Office commercial real estate represents less than 4% of gross loans, reflecting management's conservative approach to this challenged sector. The bank also maintains a securities portfolio consisting of mortgage-backed securities, U.S. government securities, and corporate fixed-income securities to provide liquidity and additional income. Additionally, Flushing Financial provides specialized banking services to public municipalities including counties, cities, school districts, and various government entities.
Revenue model
Flushing Financial generates revenue primarily through net interest income, which is the difference between interest earned on loans and securities and interest paid on deposits and borrowed funds. This traditional banking model relies on maintaining a positive interest rate spread while managing credit risk and operational costs. The bank's primary revenue drivers include loan interest income from its $6.5+ billion loan portfolio, with multifamily and commercial real estate loans typically commanding higher interest rates than residential mortgages. Securities portfolio income provides additional revenue, though this represents a smaller portion of total interest income. On the funding side, the bank pays interest on customer deposits, with CD rates generally higher than savings and checking account rates. Non-interest income provides supplementary revenue through fees for banking services, loan origination fees, and other service charges, though this represents a much smaller portion of total revenue compared to net interest income. The bank's customers are primarily individual consumers, small to medium-sized businesses, real estate investors, and governmental entities in the New York metropolitan area. The Asian-American community represents a significant customer segment, with the bank maintaining strong relationships in these markets through specialized services and community engagement. Several factors significantly impact Flushing Financial's profitability margins. Interest rate environment changes directly affect the bank's net interest margin (NIM), with rising rates generally benefiting banks in the long term but creating short-term pressure as deposit costs increase faster than loan repricing. The bank's NIM has fluctuated between 2.05% and 2.29% in recent periods, with management targeting a long-term NIM around 3%. Credit quality represents another critical margin factor, as loan losses directly reduce profitability. Flushing Financial has maintained exceptionally low charge-off rates, with net charge-offs of only 11 basis points in 2024 and 2 basis points in 2022. The bank's conservative underwriting approach, with average loan-to-value ratios of 35% and strong debt service coverage ratios averaging 1.8x, helps protect against credit losses. Deposit competition affects funding costs, particularly for CDs which represent 37% of total deposits. The bank must balance competitive rates to attract and retain deposits while managing the impact on net interest margin. Regulatory compliance costs and operational efficiency also influence margins, with the bank expecting 5-8% expense growth in 2025 as it invests in technology and expands its SBA lending capabilities.
Competitive moat
Flushing Financial's competitive moat is relatively narrow but derives from several localized advantages that provide some protection against competition. The bank's primary moat stems from its deep community relationships, particularly within Asian-American markets where it has established strong cultural connections and specialized service offerings. This community focus has enabled the bank to capture approximately 3% market share in Asian markets with significant growth potential, representing $1.3 billion in deposits across one-third of its branch network. The bank's local market expertise in New York metropolitan area real estate provides another defensive element. Management's deep understanding of local property markets, combined with conservative underwriting practices and long-standing relationships with real estate investors and developers, creates some barriers to entry for competitors unfamiliar with these specific markets. Regulatory barriers provide modest protection, as banking requires significant capital, regulatory approval, and compliance infrastructure that limits new entrants. However, this protection applies equally to all banks and doesn't differentiate Flushing Financial from other regional competitors. The bank's moat faces significant challenges from multiple directions. Larger regional and national banks can offer more competitive rates, broader service offerings, and superior technology platforms. Fintech companies and digital banks are increasingly capturing market share by offering higher deposit rates and more convenient services without the overhead of physical branches. Interest rate sensitivity represents a structural weakness, as the bank's profitability fluctuates significantly with changes in the interest rate environment. The heavy concentration in real estate lending, while providing local expertise, also creates concentration risk if New York area property markets experience stress. The bank's scale limitations prevent it from achieving the operational efficiencies of larger competitors, and its technology investments lag behind digital-native competitors. With total assets of approximately $9 billion, Flushing Financial lacks the resources to compete effectively on technology, product breadth, or geographic diversification available to larger institutions. Overall, Flushing Financial operates in a commoditized industry with limited sustainable competitive advantages beyond its community relationships and local market knowledge, making it vulnerable to competitive pressures and economic cycles.
Risks & safety
Flushing Financial presents a moderate margin of safety with solid capital position but limited earnings power and cyclical vulnerabilities. • Solvency and Liquidity: Strong position with $3.6 billion in undrawn credit lines and available resources. Tangible common equity ratio of 7.82% provides adequate capital buffer. No immediate solvency concerns. • Debt Levels: Debt-to-equity ratio of 1.33x is typical for banking operations, representing customer deposits and regulatory capital structure rather than problematic leverage. • Cash Generation: Positive operating cash flow of $12.4 million in 2024, though significantly lower than historical levels. Free cash flow of $10.1 million indicates minimal capital requirements beyond normal operations. • Valuation Metrics: Trading at 0.59x book value suggests market pessimism. Negative P/E ratio due to 2024 losses, but historical P/E ratios in 7-25x range when profitable. • Credit Quality: Exceptionally low charge-off rates (11 basis points in 2024) and conservative loan-to-value ratios (35% average) provide downside protection. • Interest Rate Risk: Significant NIM volatility (2.05% to 2.29% range) creates earnings unpredictability. Management expects NIM expansion to 2.30-2.40% in 2025. • Concentration Risk: Heavy real estate exposure (90%+ of loans) in New York market creates geographic and sector concentration vulnerabilities.
Recent development
Over the past several years, Flushing Financial has undertaken significant strategic initiatives to reposition the bank for improved profitability and reduced interest rate sensitivity. The most notable development has been a comprehensive balance sheet restructuring program aimed at improving net interest margin and reducing earnings volatility. Management implemented a six-step action plan beginning in 2023 to enhance the business model, successfully reducing interest rate sensitivity by 66% and moving toward an interest rate neutral position. This involved strategic repricing of deposits, with the bank repricing $1.8 billion of non-maturity deposits 50 basis points lower in October 2024, and restructuring the securities portfolio to optimize interest rate risk. The bank has significantly expanded its Asian market presence, recognizing this as a key growth opportunity. With one-third of branches now located in Asian markets generating $1.3 billion in deposits, management plans to open two additional branches in 2025 specifically targeting Asian communities. This strategic focus leverages the bank's cultural connections and specialized service offerings in underserved markets. SBA lending expansion represents another major strategic pivot, with management building out a dedicated SBA lending team to diversify the loan portfolio beyond traditional real estate financing. This initiative aims to capture the growing small business lending market while reducing concentration risk in commercial real estate. The bank has also invested heavily in technology infrastructure and digital banking platforms to compete more effectively with larger institutions and fintech competitors. These investments include enhanced online banking capabilities and improved operational efficiency systems. Credit discipline enhancement has been a consistent focus, with management maintaining conservative underwriting standards even as competitors potentially loosened standards. The bank's loan-to-value ratios remain well below industry averages, and debt service coverage ratios have been maintained at strong levels. Management has positioned the bank for potential strategic acquisitions to cross the $10 billion asset threshold, which would provide additional scale and operational efficiencies while triggering enhanced regulatory oversight. This represents a significant strategic consideration for future growth and competitive positioning.
FFIC company profile · for informational purposes only — not investment advice.
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