FFIC - Earnings announcements

Creates a scaled, high performing regional bank with $23 billion in assets strategically located in attractive New Jersey, Long Island and New York marketsMeaningfully enhances profitability metrics with estimated EPS accretion of 16%, ROATCE of 13% and ROAA of 1.00% by 2027$225 million equity raise, priced at-the-market, is fully committed at a fixed price after extensive investor due diligence by Warburg Pincus1 RED BANK, N.J. and UNIONDALE, N.Y., Dec. 29, 2025 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ: "OCFC"), ("OceanFirst"), the holding company for OceanFirst Bank N.A., and Flushing Financial Corp. (NASDAQ: "FFIC") ("Flushing"), the holding company for Flushing Bank, t

"We take pride in what we believe is our low risk credit profile that has performed well over our 95-year history. While there have been increased concerns about commercial real estate loans, especially New York City office and rent regulated multifamily exposure, hallmarks of our risk averse credit culture are demonstrated by only $4,000 of net charge-offs, 24 bps of 30-89 day delinquencies to gross loans, and decreased criticized and classified loans of 23% and flat NPAs during 1Q24. The drivers of this excellent credit performance are centered in our conservative underwriting with 89% of the portfolio secured by real estate, average LTV ratios of less than 36%, multifamily and investor co

John R. Buran, President and CEO Commentary   "Flushing Financial delivered sequential GAAP and Core NIM expansion in 4Q23 of 7 and 18 basis points, respectively, as our team continued to successfully execute against the previously announced action plan amid this challenging environment. Importantly, during the quarter, total average deposits increased 3.1% YoY and 0.9% QoQ, while average noninterest bearing deposits increased $21.6 million, or 2.5% QoQ. Our loan portfolio remains resilient through the credit cycle with 89% secured by real estate, strong debt service coverage ratios, low average loan to values, and controllable repricing risk. Credit quality continues to be a strength for th

UNIONDALE, N.Y., Dec. 14, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its fourth quarter and full year 2023 earnings after the market closes on January 25, 2024. John R. Buran, President and Chief Executive Officer, and Susan K. Cullen, Senior Executive Vice President, Chief Financial Officer and Treasurer, will host the conference call on Friday, January 26, 2024, at 11:00 AM (ET) to discuss the Company's strategy and results for the fourth quarter and full year 2023. Interested parties are invited to listen in by dialing 1-877-509-5836. The confe

John R. Buran, President and CEO Commentary "We delivered sequential EPS and GAAP NIM expansion through the continued execution of our action plan to drive long-term profitability while advancing our near-term areas of focus amid persisting challenges in the operating environment. In 3Q23, we made significant progress on delivering against all pillars of our action plan, including: 1) reduced interest rate risk and moved closer to our goal of interest rate neutrality, including the addition of $100 million of interest rate hedges; 2) increased yields on new loans 288 bps YoY and 34 bps QoQ, with an emphasis on floating rate loans and back-to-back swaps; 3) increased noninterest bearing d

UNIONDALE, N.Y., Sept. 15, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its third quarter 2023 earnings after the market closes on October 31, 2023. John R. Buran, President and Chief Executive Officer, and Susan K. Cullen, Senior Executive Vice President, Chief Financial Officer and Treasurer, will host the conference call on Wednesday, November 1, 2023, at 9:30 AM (ET) to discuss the Company's strategy and results for the third quarter of 2023. Interested parties are invited to listen in by dialing 1-877-509-5836. The conference call will be simul

John R. Buran, President and CEO Commentary "We delivered sequential improvements in key metrics in the second quarter amid continuing uncertainty in the operating environment. We experienced the lowest level of NIM compression of the past four quarters and achieved QoQ improvements in the loan pipeline and asset quality. Further, we increased deposit balances compared to past seasonal trends. As we continue to execute on the action plan announced last quarter, we are pleased with the progress we are making to enhance the resilience of our business model and strengthen performance: 1) continued to move more towards interest rate risk neutral with the addition of over $400 million of interest

UNIONDALE, N.Y., June 12, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its second quarter 2023 earnings after the market closes on July 25, 2023. John R. Buran, President and Chief Executive Officer, and Susan K. Cullen, Senior Executive Vice President, Chief Financial Officer and Treasurer, will host the conference call on Wednesday, July 26, 2023, at 9:30 AM (ET) to discuss the Company's strategy and results for the second quarter of 2023. Interested parties are invited to listen in by dialing 1-877-509-5836. The conference call will be simultaneo

John R. Buran, President and CEO Commentary "The inverted yield curve and the rising rate environment led to first quarter results below our expectations. To better adapt to the changing environment, we are accelerating the following actions to enhance the resilience of our business model and strengthen performance: 1) move more towards being interest rate neutral in the shorter term; 2) increase our focus on risk adjusted returns and profitability; 3) emphasize our brand of customer service and deep relationships to continue to expand the client base and enhance loyalty; 4) further tighten expense controls; 5) review new and existing lending relationships to prepare for the next credit cycl

UNIONDALE, N.Y., March 22, 2023 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its first quarter 2023 earnings after the market closes on April 25, 2023. John R. Buran, President and Chief Executive Officer, and Susan K. Cullen, Senior Executive Vice President, Chief Financial Officer and Treasurer, will host the conference call on Wednesday, April 26, 2023, at 9:30 AM (ET) to discuss the Company's strategy and results for the first quarter of 2023. Interested parties are invited to listen in by dialing 1-877-509-5836. The conference call will be simultane

UNIONDALE, N.Y., Dec. 20, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced revision to the timing of previously announced release of its fourth quarter and full year 2022 earnings. Financial results will be announced after the market closes on January 26, 2023. John R. Buran, President and Chief Executive Officer, and Susan K. Cullen, Senior Executive Vice President, Chief Financial Officer and Treasurer, will now host the conference call on Friday, January 27, 2023 at 9:30 AM (ET) to discuss the Company's strategy and results for the fourth quarter and full year of 2022. C

UNIONDALE, N.Y., Dec. 15, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its fourth quarter and full year 2022 earnings after the market closes on January 24, 2023. John R. Buran, President and Chief Executive Officer, and Susan K. Cullen, Senior Executive Vice President, Chief Financial Officer and Treasurer, will host the conference call on Wednesday, January 25, 2023 at 9:30 AM (ET) to discuss the Company's strategy and results for the fourth quarter and full year of 2022. Interested parties are invited to listen in by dialing 1-877-509-5836. The c

Loan Growth Despite Rising Rates John R. Buran, President and CEO Commentary UNIONDALE, N.Y., Oct. 25, 2022 (GLOBE NEWSWIRE) -- The Company reported third quarter 2022 GAAP EPS of $0.76, down 6.2% YoY, with a ROAA of 1.11%, and ROAE of 13.91%. Core 3Q22 EPS was $0.62, a decrease of 29.5% YoY, with a ROAA of 0.90% and the ROAE of 11.24%.   "We supported customers by achieving loan growth of 3.1% QoQ, excluding the impact of PPP loans, while increasing the origination yield by 68 bps for the quarter, as the quarter was dominated by Fed rate increases. Credit quality, a hallmark of the Company, remained solid with only 2 bps of net charge-offs this quarter. The Company opportunistically rai

UNIONDALE, N.Y., Sept. 15, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its third quarter 2022 earnings after the market closes on October 25, 2022. John R. Buran, President and Chief Executive Officer, and Susan K. Cullen, Senior Executive Vice President, Chief Financial Officer and Treasurer, will host the conference call on Wednesday, October 26, 2022 at 9:30 AM (EDT) to discuss the Company's strategy and results for the third quarter of 2022. Interested parties are invited to listen in by dialing 1-877-509-5836. The conference call will be simul

Record Loan Closings; Loan Growth with Stable NIM QoQ John R. Buran, President and CEO Commentary UNIONDALE, N.Y., July 26, 2022 (GLOBE NEWSWIRE) -- The Company reported second quarter 2022 GAAP EPS of $0.81, up 32.8% YoY, with a ROAA of 1.22%, and ROAE of 15.0%. Core 2Q22 EPS was $0.70, a decrease of 4.1% YoY, with a ROAA of 1.05% and the ROAE of 12.90%. "Record loan closings of $504 million drove a 3.4% YoY increase in net loans, excluding PPP. Core loan yields increased 11 bps QoQ compared to only 7 bps for core deposit costs. 2Q22 was the first quarter since 2020 where yields on loan closings exceeded yields on satisfactions excluding PPP. Despite our liability sensitive balance shee

UNIONDALE, N.Y., June 15, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its second quarter 2022 earnings after the market closes on July 26, 2022. John R. Buran, President and Chief Executive Officer, and Susan K. Cullen, Senior Executive Vice President and Chief Financial Officer, will host the conference call on Wednesday, July 27, 2022 at 9:30 AM (ET) to discuss the Company's strategy and results for the second quarter of 2022. Interested parties are invited to listen in by dialing 1-877-509-5836. The conference call will be simultaneously webcast

Record Net Interest Income and Record Low Cost of Funds John R. Buran, President and CEO Commentary UNIONDALE, N.Y., April 26, 2022 (GLOBE NEWSWIRE) -- The Company reported first quarter 2022 GAAP EPS of $0.58, down 3.3% YoY, ROAA of 0.91%, and ROAE of 10.83%. For the first quarter, Core EPS of $0.61 increased, 13.0% YoY with ROAA of 0.94% and ROAE of 11.27%. "Activity in the New York City area is returning to more normal levels and this is seen in our results: 1Q22 loan closings, excluding SBA Paycheck Protection Program loans ("PPP"), up 65% YoY and average noninterest bearing deposits up 17% YoY. The Company is benefiting from the improved economic activity and merger activity as the

UNIONDALE, N.Y., March 15, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its first quarter 2022 earnings after the market closes on April 26, 2022. John R. Buran, President and Chief Executive Officer, and Susan K. Cullen, Senior Executive Vice President and Chief Financial Officer, will host the conference call on Wednesday, April 27, 2022 at 9:30 AM (ET) to discuss the Company's strategy and results for the first quarter of 2022. Interested parties are invited to listen in by dialing 1-877-509-5836. The conference call will be simultaneously webcas

Record GAAP and Core EPS for 2021 John R. Buran, President and CEO Commentary UNIONDALE, N.Y., Jan. 27, 2022 (GLOBE NEWSWIRE) -- The Company reported fourth quarter 2021 GAAP EPS of $0.58, up 427% YoY, ROAA of 0.89%, and ROAE of 10.77%. For the fourth quarter, Core EPS of $0.67 increased, 16% YoY with ROAA of 1.04% and ROAE of 12.49%. Record GAAP and Core EPS for 2021 of $2.59 and $2.81, respectively. "2021 was a record year for earnings but it was also a challenging year for employees dealing with the pandemic and a new working environment. Our people continued to tirelessly navigate these challenges, as they supported and served customers, and masterfully executed our strategic objecti

UNIONDALE, N.Y., Jan. 12, 2022 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it has changed the time of its fourth quarter 2021 earnings conference call to 11:00 AM (ET) on January 28, 2022. Conference Call Details Date: January 28, 2022Time: 11:00 AM (ET)Dial-in for Live Call: 1-877-509-5836Canada Toll Free: 1-855-669-9657Webcast: https://services.choruscall.com/links/ffic220128.htmlDial-in for Replay: 1-877-344-7529Canada Toll Free Replay: 1-855-669-9658Replay Access Code: 4089423 Flushing Financial Corporation (NASDAQ:FFIC) is the holding company for Flushing Bank®,

UNIONDALE, N.Y., Dec. 15, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its fourth quarter 2021 earnings after the market closes on January 27, 2022. John R. Buran, President and Chief Executive Officer, and Susan K. Cullen, Senior Executive Vice President and Chief Financial Officer, will host the conference call on Friday, January 28, 2022 at 9:30 AM (ET) to discuss the Company's strategy and results for the fourth quarter of 2021. Interested parties are invited to listen in by dialing 1-877-509-5836. The conference call will be simultaneously webc

John R. Buran, President and CEO Commentary UNIONDALE, N.Y., Oct. 26, 2021 (GLOBE NEWSWIRE) -- The Company reported third quarter 2021 GAAP EPS of $0.81, up 62.0% YoY, ROAA of 1.26% and ROAE of 15.42%. For the period, Core EPS of $0.88 increased 57.1% YoY with ROAA of 1.38% and ROAE of 16.88%. The strong results were from the successful implementation of our business strategy resulting in the sixth consecutive quarter of record net interest income, a record loan pipeline, and the second consecutive quarter of record core earnings. "Loans, excluding SBA Payment Protection Program ("PPP"), were flat QoQ but increased 12% YoY. The Company's loan pipeline increased 35% YoY and 23% QoQ to reco

UNIONDALE, N.Y., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the "Bank"), today announced that it will release its third quarter 2021 earnings after the market closes on Tuesday, October 26, 2021. John R. Buran, President and Chief Executive Officer, and Susan K. Cullen, Senior Executive Vice President and Chief Financial Officer, will host the conference call on Wednesday, October 27, 2021 at 9:30 AM (ET) to discuss the Company's strategy and results for the third quarter of 2021. Interested parties are invited to listen in by dialing 1-877-509-5836. The conference call will be simultane

UNIONDALE, N.Y., July 27, 2021 (GLOBE NEWSWIRE) -- Flushing Financial Corporation (the "Company") (NASDAQ-GS: FFIC) John R. Buran, President and CEO Commentary "Our successful deposit strategy, the integration of Empire National Bank and the reopening of the New York metro area, resulted in a strong quarter for our Company. Quarterly GAAP EPS of $0.61 resulted in an increase of 2% over the prior quarter. We achieved record core EPS of $0.73, up 103% YoY and 35% QoQ. Importantly, we recognized GAAP ROAA and ROAE of 0.93% and 11.95%, respectively, and record core ROAA and ROAE of 1.11% and 14.27%, respectively." "We delivered on our strategic objective of optimizing the cost of funds. The

FOURTH QUARTER 2020 HIGHLIGHTS1 GAAP diluted EPS of $0.11, compared to $0.50 in 3Q20 and $0.45 in 4Q19Core diluted EPS of $0.58 compared to $0.56 in 3Q20 and $0.41 in 4Q19GAAP ROAA and ROAE were 0.18% and 2.27% in 4Q20 compared to 0.73% and 9.11% in 4Q19, respectivelyCore ROAA and ROAE were 0.92% and 11.67% in 4Q20 compared to 0.67% and 8.36% in 4Q19, respectivelyRecord net interest income of $55.7 million, up 11.6% QoQ and 35.3% YoY, while core net interest income was $54.7, up 10.1% QoQ and 36.3% YoYNet interest margin of 3.08%, up 8 bps QoQ and 60 bps YoY and core net interest margin of 2.97%, up 8 bps QoQ and 64 bps YoYAverage loans were $6.4 billion, up 8.0% QoQ and 11.3% YoY while a