FLUSHING FINANCIAL CORP (FFIC) Form 10-Q — May 11, 2026
Flushing Financial Corporation reported net income of $5.8 million for the first quarter of 2026, reversing a $9.8 million loss in the prior-year period. The turnaround was driven by a 16 basis point expansion in net interest margin to 2.67% and lower interest expenses, which offset a decrease in non-interest income. The company remains on track to merge with OceanFirst Financial Corp. in an all-stock transaction valued at 0.85 shares of OceanFirst for each share of Flushing.
Key figures
- Eps
- 0.17
- Net Income
- 5833000
- Total Debt
- 416499000
- Total Assets
- 8862849000
- Cash Position
- 158707000
- Dividend Per Share
- 0.22
- Book Value Per Share
- 20.58
- Net Interest Margin
- 2.67%
- Non Performing Assets
- 0.77%
- Allowance For Credit Losses
- 44500000
Price after filing
Close on the filing date to close N calendar days later (from $15.56). Historical, not a forecast.
AI analysis
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