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First of Long Island

OverviewSuggest Edit

First of Long Island is a one-bank holding company, which provides financial services through its subsidiary, The First National Bank of Long Island.  The Bank's services include account reconciliation services, bank by mail, personal money orders, bill payment, remote deposit, cash management services, safe deposit boxes, collection services securities transactions, controlled disbursement accounts, signature guarantee services, drive-through banking, merchant credit card services, and investment management and trust services.

TypePublic
Founded1927
HQGlen Head, NY, USMap
Websitefnbli.com
Employee Ratings3.3More
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Latest Updates

Employees (est.) (Dec 2018)344(+4%)
Revenue (FY, 2019)$2.1 M
Share Price (Jan 2021)$18.6 (+2%)
Cybersecurity ratingAMore

Key People/Management at First of Long Island

Alexander L. Cover

Alexander L. Cover

Director
Paul T. Canarick

Paul T. Canarick

Director
Jay P. McConie

Jay P. McConie

Executive Vice President, Chief Financial Officer and Cashier
Milbrey Rennie Taylor

Milbrey Rennie Taylor

Director
Walter C. Teagle

Walter C. Teagle

Director
Denise Strain

Denise Strain

Director
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First of Long Island Office Locations

First of Long Island has an office in Glen Head
Glen Head, NY, US (HQ)
10 Glen Head Rd
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First of Long Island Financials and Metrics

First of Long Island Revenue

First of Long Island's revenue was reported to be $2.08 m in FY, 2019
USD

Revenue (Q3, 2020)

5.4m

Net income (Q3, 2020)

10.8m

Market capitalization (14-Jan-2021)

444.1m

Closing stock price (14-Jan-2021)

18.6

Cash (30-Sept-2020)

163.9m

EV

624.1m
First of Long Island's current market capitalization is $444.1 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

6.4m10.2m7.0m7.4m8.8m9.4m6.8m2.1m2.1m

Revenue growth, %

10%12%

Operating expense total

8.7m8.8m9.2m9.4m10.1m12.1m12.0m11.8m11.9m

Interest expense

17.6m16.1m12.4m15.0m16.5m18.0m21.7m35.7m43.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

1.6m1.6m1.7m5.2m1.7m1.7m1.7m1.8m1.8m1.8m2.0m2.0m3.1m1.8m1.8m3.7m2.0m2.1m2.3m2.2m3.3m2.7m(2.2m)493.0k2.7m2.7m442.0k2.6m5.4m

Operating expense total

2.1m1.9m2.0m2.3m2.2m2.2m2.3m2.2m2.3m2.4m2.2m2.3m2.5m2.6m2.8m3.7m2.5m2.8m2.9m2.6m2.8m3.1m2.7m2.9m3.2m2.9m2.5m3.0m3.0m

Interest expense

4.3m4.6m4.5m4.3m3.9m2.9m2.9m3.1m3.6m3.7m3.8m4.3m4.2m4.0m4.4m4.4m4.5m4.8m5.2m5.6m7.1m9.1m9.6m11.1m11.2m11.0m9.9m7.7m6.2m

Pre tax profit

5.8m6.8m6.4m6.8m5.9m7.3m6.7m6.5m7.8m7.1m7.9m8.2m8.6m8.3m9.8m10.0m10.6m12.0m11.7m12.7m12.1m12.1m10.6m13.2m12.8m13.0m10.8m12.9m13.1m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

29.5m42.2m35.5m32.9m39.6m36.9m69.7m47.4m39.0m

Accounts Receivable

969.3m1.1b1.5b1.8b2.2b37.3m2.9b3.2b3.2b

Inventories

PP&E

21.8m24.6m24.5m27.9m30.3m39.6m41.3m40.0m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

64.5m28.2m35.4m40.5m40.2m27.0m38.7m47.0m47.7m45.8m31.3m41.1m46.6m33.4m42.3m51.0m48.9m48.2m56.7m39.9m69.9m67.2m50.5m44.0m69.2m63.9m120.2m173.7m163.9m

Accounts Receivable

931.3m950.1m999.5m1.1b1.1b1.1b1.3b1.4b1.5b1.5b1.6b1.9b1.9b2.1b2.3b2.3b2.4b2.6b2.7b2.8b3.1b3.2b3.2b3.2b3.2b3.2b3.1b3.1b3.0b

PP&E

21.6m21.8m23.2m23.1m23.7m24.6m24.7m24.6m25.3m26.1m27.4m28.3m29.0m29.4m31.0m31.5m32.0m34.7m35.7m37.0m40.0m40.1m39.8m41.1m40.8m40.4m39.6m39.5m38.7m

Total Assets

1.9b1.9b2.1b2.0b2.1b2.1b2.2b2.4b2.4b2.5b2.6b2.8b2.8b3.0b3.2b3.4b3.4b3.6b3.7b3.7b4.2b4.3b4.2b4.2b4.2b4.2b4.1b4.2b4.0b
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

19.5m20.4m21.3m23.0m25.9m30.9m35.1m41.6m41.6m

Depreciation and Amortization

2.7m2.8m2.8m2.9m3.0m3.2m3.6m4.1m4.1m

Cash From Operating Activities

29.6m35.0m39.7m35.6m35.3m35.6m47.2m59.4m50.0m

Purchases of PP&E

(3.6m)(5.6m)(3.0m)(6.2m)(5.5m)(7.2m)(8.9m)(5.7m)(2.9m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

9.4m14.7m5.2m10.6m15.3m5.6m10.9m16.1m6.0m11.5m17.6m6.5m12.8m19.3m7.4m15.1m23.1m9.1m18.2m27.6m11.1m21.4m31.5m10.8m21.6m32.4m9.1m19.9m30.7m

Depreciation and Amortization

1.4m2.0m735.0k1.4m2.1m711.0k1.4m2.1m746.0k1.4m2.1m791.0k1.5m2.3m848.0k1.6m2.4m824.0k1.7m2.6m917.0k2.0m3.0m987.0k2.0m3.0m1.0m2.1m3.1m

Cash From Operating Activities

14.4m24.4m10.2m20.6m32.0m9.9m20.9m31.9m8.2m16.3m28.0m8.4m16.9m27.5m5.6m14.6m27.5m12.7m22.6m35.5m12.7m29.0m43.4m11.0m23.8m36.9m8.5m16.1m26.8m

Purchases of PP&E

(2.1m)(2.9m)(2.2m)(2.7m)(4.0m)(770.0k)(1.5m)(2.4m)(1.6m)(3.1m)(5.1m)(1.3m)(2.7m)(3.8m)(1.5m)(2.8m)(4.1m)(1.1m)(3.0m)(5.2m)(1.3m)(2.5m)(3.2m)(801.0k)(1.6m)(2.1m)(643.0k)(1.5m)(1.8m)
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USDQ2, 2011

Financial Leverage

10.6 x
Show all financial metrics

First of Long Island Operating Metrics

First of Long Island's Total Loans was reported to be $2.8b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

40 31 34

Non-accrual Loans

$1.70 m$1.59 m$3.40 m$3.23 m$1.44 m$1.31 m$5.08 m$1.42 m$2.56 m$2.09 m$8.98 m

Total Loans

$1.80 b$1.88 b$1.97 b$2.10 b$2.25 b$2.31 b$2.35 b$2.44 b$2.55 b$2.68 b$2.77 b
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First of Long Island Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

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First of Long Island Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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First of Long Island Online and Social Media Presence

First of Long Island's Trends

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First of Long Island News and Updates

December 01, 2020

The First of Long Island Corporation Adds Susanne Pheffer as Executive Vice President and Chief Information Officer

GLEN HEAD, N.Y., Dec. 01, 2020 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (NASDAQ: FLIC) announced today that on November 30, 2020, Susanne Pheffer joined the Company’s banking subsidiary, The First National Bank of Long Island, as Executive Vice President and Chief Information Offic…
October 30, 2020

The First of Long Island Corporation Names Mike Spolarich as Executive Vice President and Chief Credit Officer

GLEN HEAD, N.Y., Oct. 30, 2020 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (NASDAQ: FLIC) announced today that Michael J. Spolarich has been promoted to Executive Vice President and Chief Credit Officer of its banking subsidiary, The First National Bank of Long Island, effective Decem…
September 25, 2020

The First of Long Island Corporation Announces 5.6% Increase in Quarterly Cash Dividend to $.19 per Share

GLEN HEAD, N.Y., Sept. 25, 2020 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a third quarter cash dividend in the amount of $.19 per share. This represents a 5.6% increase over the dividend of $.18 per share declared in the same quarter…
July 30, 2020

The First of Long Island Corporation Reports Earnings for the Second Quarter of 2020

GLEN HEAD, N.Y., July 30, 2020 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island, reported net income and earnings per share for the three and six months ended June 30, 2020.  In the highlights that follow, all com…
June 25, 2020

The First of Long Island Corporation Announces Second Quarter Cash Dividend of $.18 per Share

GLEN HEAD, N.Y., June 25, 2020 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a second quarter cash dividend in the amount of $.18 per share.  This represents a 5.9% increase over the dividend of $.17 per share declared in the same quarte…
January 30, 2020

The First of Long Island Corporation Reports Earnings for the Quarter and Year Ended December 31, 2019

GLEN HEAD, N.Y., Jan. 30, 2020 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island, reported net income and earnings per share for the quarter and year ended December 31, 2019.  In the highlights that follow, all com…
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 First of Long Island Frequently Asked Questions

  • When was First of Long Island founded?

    First of Long Island was founded in 1927.

  • Who are First of Long Island key executives?

    First of Long Island's key executives are Alexander L. Cover, Paul T. Canarick and Jay P. McConie.

  • How many employees does First of Long Island have?

    First of Long Island has 344 employees.

  • What is First of Long Island revenue?

    Latest First of Long Island annual revenue is $2.1 m.

  • What is First of Long Island revenue per employee?

    Latest First of Long Island revenue per employee is $6 k.

  • Who are First of Long Island competitors?

    Competitors of First of Long Island include Buzz Points, United Community Financial and NextCapital.

  • Where is First of Long Island headquarters?

    First of Long Island headquarters is located at 10 Glen Head Rd, Glen Head.

  • Where are First of Long Island offices?

    First of Long Island has an office in Glen Head.

  • How many offices does First of Long Island have?

    First of Long Island has 1 office.