What trends emerge from FFIC's 2024 earnings?

Flushing Financial (FFIC) experienced a decline in financial performance in 2024, with a negative net income and a decrease in revenue and EPS when compared to the previous year.

1. **Negative Net Income**: FFIC reported a net income of -$31.33 million for 2024, which is a significant decrease from the net income of $0.94 million in 2023. This indicates a trend of declining profitability for the bank.
2. **Revenue Decline**: The total revenue for FFIC in 2024 was $124.57 million, representing a decrease from the revenue of $127.04 million in 2023. This decline in revenue further supports the trend of deteriorating financial performance.
3. **Earnings Per Share (EPS) Decrease**: The diluted EPS for FFIC in 2024 was -$1.05, which is a decrease from the EPS of $0.07 in 2023. This indicates that not only has the bank experienced a decline in net income, but it has also become less profitable on a per-share basis.
4. **EPS Surprise**: The EPS surprise for FFIC in 2024 was -$0.07, which suggests that the actual EPS was lower than expected. This could lead to concerns among investors about the bank's financial health and its ability to meet market expectations.

|code|Ticker|Name|Date|EPS Surprise YoY|EPS Surprise|market_code|
|---|---|---|---|---|---|---|
|FFIC|FFIC.O|Flushing Financial|20240331|100|0|185|
|FFIC|FFIC.O|Flushing Financial|20240630|-100|0|185|
|FFIC|FFIC.O|Flushing Financial|20240930|14.285714285714276|0.08|185|
|FFIC|FFIC.O|Flushing Financial|20241231|-450|-0.07|185|

|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|FFIC|FFIC.O|Flushing Financial|2024 Q1|-8.902077151335313|-12.736238224064161|-7.692307692307699|185|
|FFIC|FFIC.O|Flushing Financial|2024 Q2|-38.728989177987565|-2.9050787222612504|-37.93103448275862|185|
|FFIC|FFIC.O|Flushing Financial|2024 Q3|13.669432035737078|8.681079269314564|15.384615384615378|185|
|FFIC|FFIC.O|Flushing Financial|2024 Q4|-708.038029386344|-136.99403593396525||185|

In conclusion, FFIC's 2024 earnings report reveals a company facing significant challenges, with a clear trend of declining financial performance. The bank's negative net income, revenue decline, and decreasing EPS are all indicative of a difficult period for Flushing Financial.