10-K · March 6, 2026
Flushing Financial (FFIC) reports a community-bank business focused on multi-family and commercial real estate lending in the New York metro area, with total assets of $8.7 billion, deposits of $7.3 billion and gross…
Earnings analysis · 10-Q
FFIC earnings analysis
Filed May 11, 2026 · Our reading of the company's report
The latest report
Flushing Financial reported Q1 2026 results, showing net income of $5.8 million or $0.17 per diluted share, a significant improvement from a loss of $9.8 million or -$0.29 per share in Q1 2025. This performance was…
Read full summary
Flushing Financial reported Q1 2026 results, showing net income of $5.8 million or $0.17 per diluted share, a significant improvement from a loss of $9.8 million or -$0.29 per share in Q1 2025. This performance was driven by an increase in net interest income despite a decline in total revenue compared to the previous quarter, signaling ongoing profitability potential amid regulatory uncertainty due to a pending merger with OceanFirst.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.17
What stood out
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Significant EPS Improvement
EPS grew to $0.17 in Q1 2026 from a loss of $0.29 in Q1 2025, marking an increase of 159.5%.
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Improved Net Interest Margin
Net interest margin improved by 16 basis points to 2.67% from 2.51% year-over-year.
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Increased Noninterest Deposits
Noninterest-bearing deposits rose by 12.9%, amounting to $995.5 million.
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Reduction in Non-interest Expense
Non-interest expenses decreased by $12.9 million, or 21.6%, mostly due to a prior year goodwill impairment.
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Growth in Total Assets
Total assets increased by 2.0% to $8.86 billion from $8.69 billion at year-end 2025.
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Increase in Operating Income
Income before income taxes increased to $8.2 million compared to a loss of $5.9 million a year ago.
What to watch
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Pending Merger Completion
Completion of the merger with OceanFirst is pending, which could introduce operational and regulatory risks.
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Decrease in Interest Income
Interest and dividend income fell by $3.5 million, or 3.0%, primarily due to a decline in average interest-earning assets.
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Non-Performing Loans Increase
Non-performing loans rose to $50.6 million, accounting for 0.77% of total loans, up from 0.63% at December 31, 2025.
Management's outlook
Management did not provide numeric guidance but anticipates merger completion by June 1, 2026.
Earlier filings 4
10-Q · August 7, 2025
Flushing Financial reported a strong second quarter (ended June 30, 2025) with total revenue of $63,486,000 and diluted EPS of $0.41, driven by higher net interest income and non-interest income. Quarter-over-quarter…
10-Q · May 7, 2025
Flushing Financial reported Q1 2025 revenue (net interest income plus non-interest income) of $58,063,000, up $7,037,000 versus Q1 2024, driven by higher net interest income. However, the company recorded a $17.636…
10-Q · November 7, 2023
Flushing Financial reported Q3 results with total revenue of $47,903 (thousands) and diluted EPS of $0.32; the quarter beat consensus but results show large year-over-year compression. Net income fell to $9,399…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.