What guidance did Flushing Financial's management provide for the next earnings period?

What were the key takeaways from Flushing Financial’s earnings call?

What is the market's earnings forecast for Flushing Financial next quarter?

What factors drove the changes in Flushing Financial's revenue and profit?

What is Flushing Financial's gross profit margin?

What does Flushing Financial do and what are its main business segments?

What is the revenue and EPS growth rate for Flushing Financial year over year?

What is Flushing Financial's latest dividend and current dividend yield?

- **NIM Expansion Accelerates**: Core NIM up 10 bps Q/Q to 2.62%, with $2B in loans repricing 147 bps higher by 2027.
- **Deposit Growth Strengthens**: Noninterest-bearing deposits +5.7% YoY, with $1.8B repriced 20-25 bps lower in Q3.
- **Credit Quality Exceptional**: Net charge-offs at 7 bps, multifamily debt coverage ratio 1.7x, and LTV <35% across portfolio.
- **2027 ROE Target**: Double-digit ROTCE achievable as $2B loan repricing pipeline drives NIM expansion.
- **Liquidity Buffer**: $3.9B undrawn lines and 17% uninsured deposits support capital flexibility.
- **Shareholder Returns**: Maintaining dividend focus while preparing for portfolio growth, no buybacks despite 63% TBV discount.

**【CEO Summary Section】**
- Reported GAAP EPS of $0.30 and core EPS of $0.35, with core EPS up 55% year-over-year.
- Net interest margin (NIM) expanded 10 basis points (bps) quarter-over-quarter to 2.64% (GAAP) and 2.62% (core), driven by loan repricing and asset mix improvements.
- Nonperforming assets improved to 70 basis points of total assets, down from 75 basis points in Q2.
- Noninterest-bearing deposits grew 7.2% sequentially and 5.7% year-over-year, supporting liquidity.
- Tangible common equity ratio remained stable at 8.01%, up 101 bps year-over-year.
- 2026-2027 loan repricing pipeline of $2 billion (1/3 of total loans) expected to drive NIM expansion.

**【CFO Financial Commentary】**
- Core net interest income increased $8.6 million (19% YoY), with loan yields up 8 bps and security yields up 15 bps.
- $175 million of loans repriced 128 bps higher in Q4, with $2 billion of loans scheduled to reprice 147 bps higher by 2027.
- Deposit cost management: $1.8 billion of deposits repriced 20-25 bps lower in Q3, with CD maturities of $770 million at 3.98% in Q4.
- Credit quality: Net charge-offs at 7 bps, multifamily debt coverage ratio at 1.7x, and LTV <35% across portfolio.
- Capital allocation: Maintaining dividend focus while preparing for portfolio growth, with no buybacks despite 63% TBV discount.

**【Q&A Key Highlights】**
- **NIM Outlook**: Q4 NIM expected to remain near 2.88%, with $175M of repricing loans and no swap maturities.
- **Deposit Beta**: Nonmaturity deposit rates expected to closely follow Fed cuts, with Q3 repricing of $1.8B deposits 20-25 bps lower.
- **Balance Sheet**: Liability-sensitive positioning with modest beta to rate cuts; $3.9B undrawn lines provide liquidity buffer.
- **ROE Target**: Double-digit ROTCE achievable by late 2027 as loan repricing pipeline materializes.
- **Buyback Policy**: Prioritizing dividend and portfolio growth over buybacks despite undervaluation.
- **Swaps Management**: $180M of forward-starting swaps to mitigate $480M of maturing swaps at low rates.
- **Pipeline Execution**: $59M of back-to-back swaps expected to close by year-end, supporting fee income.


Flushing Financial Corporation (FFIC) Q3 2025 Earnings Call Transcript

- **Profitability Surge**: Core EPS up 78% YoY, NIM at 2.52% (highest since 2022)
- **Deposit Strength**: Noninterest-bearing deposits +6% YoY, new checking accounts +21% YoY
- **Credit Resilience**: Multifamily NPLs halved to 50bps, DCR 1.8x vs. stress-tested 1.36x
- **Loan repricing Tailwind**: $373M repricing +136bps in H2 2025, $16M annualized benefit by 2027
- **Capital Discipline**: No buybacks despite 58% of tangible book value; focus on organic growth

**【CEO Opening Remarks】**
- Q2 GAAP EPS: $0.41 (+128% YoY), Core EPS: $0.32 (+78% YoY)
- Net Interest Margin (NIM): GAAP 2.54%, Core 2.52% (both +3bps QoQ)
- Average Total Deposits: $7.6B (+6% YoY, +1% QoQ)
- Nonperforming Assets: Stable at 70-75bps; Criticized Loans: 108bps (down from 133bps QoQ)
- Tangible Common Equity: 8.04% (+25bps QoQ)
- Strategic Focus: Profitability, Credit Discipline, Liquidity

**【CFO Financial Commentary】**
- Core Net Interest Income: $10.5M YoY growth
- Loan Yield Expansion: +7bps QoQ offset by +8bps funding costs
- Noninterest-Bearing Deposits: $875M (+6% YoY, +2% QoQ)
- CD Maturities: $391M at 3.93% in Q3; 80% retained at -24bps
- Loan Repricing: $373M repricing +136bps in H2 2025
- Multifamily Portfolio: NPLs 50bps (down from 101bps QoQ), DCR 1.8x
- CRE Concentration: Below 500% for first time since Q3 2023

**【Q&A Highlights】**
- Deposit Decline: Seasonal gov't outflows ($400M Q2) expected to reverse
- Yield Curve Impact: Positive slope supports NIM; Fed cut would accelerate benefits
- Political Risk: Rent-regulated lending unaffected by NYC mayoral election
- Buyback Plans: No share repurchases expected in 2025; focus on capital growth
- Expense Management: Core noninterest expense growth lowered to 4.5-5.5% YoY

Flushing Financial Corporation (FFIC) Q2 2025 Earnings Call Transcript

- **Net Interest Margin Expansion**: GAAP and core NIM up 12bps and 24bps QoQ to 2.51% and 2.49%, highest since 2022.
- **Loan Repricing Power**: $50M cumulative interest income from 2025-2027 repricing pipeline, $148M repriced +194bps in Q1.
- **Credit Stability**: 59bps ACL ratio, 1.8x DCR for multifamily/CRE, no material credit stress despite yield curve inversion.
- **Deposit Cost Control**: 19bps QoQ deposit cost decline, CD beta 59% during rate cuts, 80% CD retention with 69bps rate reduction.
- **Liquidity Strength**: $4B undrawn lines, 7.79% tangible common equity ratio, stable capital position.

**【CEO Opening Remarks】**
- Q1 2025 GAAP loss per share of $0.29, core EPS of $0.23, driven by a one-time $17.6M goodwill impairment charge.
- Key strategic focuses: improving profitability, maintaining credit discipline, preserving liquidity.
- GAAP and core net interest margins expanded to 2.51% and 2.49%, highest since Q4 2022.
- 2025-2027 loan repricing pipeline: $511M (2025), $706M (2026), $1B (2027), with cumulative $50M interest income impact.

**【CFO Financial Highlights】**
- Deposit growth: +7% YoY, +1% QoQ, loan-to-deposit ratio improved to 87%.
- Cost of deposits decreased 19bps QoQ, CD beta 59% during rate decline.
- 2025 loan repricing: $148M repriced +194bps, 88% retained with +210bps spread.
- Credit metrics: 59bps ACL ratio, 133bps criticized loans, 1.8x DCR for multifamily/CRE portfolios.
- Liquidity: $4B undrawn lines, tangible common equity ratio stable at 7.79%.

**【Q&A Key Takeaways】**
- Expense guidance: 5-8% YoY increase off $160M base, seasonal adjustments offset in Q1.
- Credit quality: multifamily NPLs at 101bps, office loans minimal exposure, no specific reserves needed.
- Asian market expansion: $1.3B deposits, 3 new branches planned, targeting 3% share of $40B market.
- SBA pipeline: early-stage sales, 7% premiums on term loans, no guidance on gain-on-sale timing.
- Tariff impact: negligible due to real estate focus, no direct trade financing exposure.


Flushing Financial (FFIC)-30 Apr 25-2025 Q1 Earnings call transcript

- **NIM Expansion Accelerating**: Core NIM +18bps QoQ to 2.25%, with 10-15bps boost in Q1 from restructuring.
- **Deposit Cost Savings**: 34bps decline in funding costs, CD repricing to save 88bps on $800M maturing CDs.
- **Credit Quality Strong**: 11bps net charge-offs vs industry, multifamily portfolio LTV 43%.
- **2025 Growth Drivers**: 2 new Asian branches, SBA loan sales, and 2.30-2.40% NIM target.
- **Cost Management**: 5-8% expense growth offset by operating leverage, 25-28% tax rate.

**【CEO Opening Remarks】**
- Completed $70 million equity raise to restructure balance sheet, driving GAAP NIM up 29bps and core NIM +18bps QoQ.
- Balance sheet restructuring to boost core NIM 10-15bps in Q1 2025, with operating environment improving post-inverted yield curve.
- Reported GAAP loss per share of $1.61 (due to restructuring costs), vs core EPS of $0.14.

**【CFO Financial Details】**
- GAAP NIM 2.39% (up 29bps QoQ), core NIM 2.25% (up 18bps QoQ), driven by 34bps decline in funding costs.
- CD repricing: 78% of $800M maturing CDs retained at 88bps lower rate; 2025 loan repricing adds 214bps spread.
- Asset quality stable: net charge-offs 11bps vs industry, non-current loans below peers.

**【Balance Sheet Restructuring】**
- Sold low-yield securities (+370bps yield), restructured FHLB advances (-30bps cost), and moved $74M loans to held-for-sale.
- Actions to shift to non-interest-bearing deposits (12% of total) and reduce interest-bearing deposit beta to 51%.

**【Credit Quality】**
- 90%+ of loans secured by real estate; multifamily portfolio LTV 43%, DSCR 1.8x.
- 2024 net charge-offs 11bps, well below industry; allowance for credit losses 60bps of loans.

**【2025 Outlook】**
- Core NIM expansion 10-15bps from restructuring, plus CD and loan repricing benefits.
- Non-interest income growth from swap closings and BOLI exchange.
- Non-interest expenses +5-8% to $160M, driven by SBA team and branch expansion.

**【Q&A Highlights】**
- Loan sales completion expected in Q1, with no material issues.
- 2 new branches planned in 2025 Asian markets, adding to $1.3B Asian deposits.
- 2025 NIM target 2.30-2.40%, up from 2.25% in Q4.
- SBA loan sales to begin in Q1, with production dependent on market conditions.
- Cross-$10B threshold costs minimal, no significant Durbin impact expected.

Flushing Financial Corporation (FFIC) Q4 2024 Earnings Call Transcript

Flushing Financial (FFIC)-25 Oct 24-2024 Q3 Earnings call transcript

Flushing Financial (FFIC)-30 Jul 24-2024 Q2 Earnings call transcript

Flushing Financial (FFIC)-24 Apr 24-2024 Q1 Earnings call transcript

Flushing Financial (FFIC)-26 Jan 24-2023 Q4 Earnings call transcript

Flushing Financial (FFIC)-26 Jul 23-2023 Q2 Earnings call transcript

Flushing Financial (FFIC)-26 Apr 23-2023 Q1 Earnings call transcript

Flushing Financial (FFIC)-27 Jan 22-2022 Q4 Earnings call transcript

Flushing Financial (FFIC)-26 Oct 22-2022 Q3 Earnings call transcript

Flushing Financial (FFIC)-27 Jul 22-2022 Q2 Earnings call transcript

Flushing Financial (FFIC)-27 Apr 22-2022 Q1 Earnings call transcript

Flushing Financial (FFIC)-28 Jan 22-2021 Q4 Earnings call transcript

Flushing Financial (FFIC)-27 Oct 21-2021 Q3 Earnings call transcript

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Flushing Financial (FFIC)-25 Jul 18-2018 Q2 Earnings call transcript

Flushing Financial (FFIC)-25 Apr 18-2018 Q1 Earnings call transcript

Flushing Financial (FFIC)-31 Jan 18-2017 Q4 Earnings call transcript

Flushing Financial (FFIC)-5 Nov 17-2017 Q3 Earnings call transcript

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