Flushing Financial Corp. (FFIC) plunges 8.94% in pre-market trading as merger concerns intensify

Flushing Financial Corp. (FFIC) fell 8.9402% in pre-market trading on December 31, 2025, as concerns over its proposed merger with OceanFirst Financial (OCFC) intensified. The transaction, offering Flushing shareholders 0.85 shares of OceanFirst per share, has drawn scrutiny over potential undervaluation and legal challenges.

A law firm is investigating the deal’s fairness, evaluating whether the terms and negotiation process meet legal standards. Shareholders are advised to monitor regulatory and shareholder approval timelines, as well as developments from the ongoing legal review. The merger remains subject to approvals, fueling market caution.

The proposed merger aims to create a regional bank with $23 billion in assets but faces questions about valuation adequacy and dilution risks. Flushing shareholders may seek legal guidance amid uncertainty over the offer’s equity. Investors are urged to stay informed on regulatory progress and legal outcomes before taking further action.

Analysts remain cautious about the long-term implications of the merger, particularly as legal and regulatory hurdles could delay or even derail the deal. The current volatility in FFIC’s stock suggests that investors are reacting negatively to the uncertainty, and the proposed valuation remains a contentious issue among shareholders and stakeholders.