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, US
Websitefnbli.com

Latest Updates

Employees (est.) (Dec 2018)344(+4%)
Job Openings12
Revenue (FY, 2015)$92.1 M(+13%)
Share Price (Nov 2019)$24.2

Key People/Management at First of Long Island

Paul J. Daley

Paul J. Daley

Senior Vice President and Chief Compliance Officer - Compliance Department

First of Long Island Office Locations

First of Long Island has an office in Glen Head
Glen Head, US (HQ)
10 Glen Head Rd
Show all (1)

First of Long Island Financials and Metrics

First of Long Island Revenue

First of Long Island's revenue was reported to be $92.14 m in FY, 2015 which is a 12.4% increase from the previous period.
USD

Net income (Q3, 2019)

10.8m

EBIT (Q3, 2019)

24.9m

Market capitalization (7-Nov-2019)

597.5m

Closing stock price (7-Nov-2019)

24.2

Cash (30-Sep-2019)

63.9m

EV

1.0b
First of Long Island's current market capitalization is $597.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

74.9m82.0m92.1m

Revenue growth, %

10%12%

Cost of goods sold

15.0m21.7m35.7m

Gross profit

66.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cost of goods sold

7.1m9.1m9.6m11.1m11.2m11.0m

General and administrative expense

2.1m2.1m2.4m2.2m2.3m2.5m2.5m2.5m2.8m3.1m2.9m2.9m2.9m2.9m

Operating expense total

2.1m2.1m2.4m2.2m2.3m2.5m2.5m2.5m14.9m15.7m14.2m15.1m14.8m14.3m

EBIT

17.6m17.9m20.4m21.1m20.6m22.9m22.5m23.6m23.6m25.1m25.3m25.4m25.3m24.9m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

35.5m32.9m39.6m36.9m69.7m47.4m

Accounts Receivable

37.3m

Inventories

Total Assets

2.4b2.7b3.9b4.2b
Quarterly
USDQ3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

31.3m46.6m33.4m42.3m51.0m48.9m48.2m56.7m39.9m69.9m67.2m50.5m44.0m69.2m63.9m

Inventories

3.2b3.2b

Total Assets

2.6b3.7b4.2b4.3b4.2b4.2b4.2b4.2b

Accounts Payable

2.0b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

21.3m23.0m25.9m30.9m

Depreciation and Amortization

2.8m2.9m3.0m3.2m

Accounts Payable

(155.0k)(1.1m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

16.1m6.0m11.5m17.6m6.5m12.8m19.3m7.4m15.1m23.1m9.1m18.2m27.6m11.1m21.4m31.5m10.8m21.6m32.4m

Depreciation and Amortization

2.1m746.0k1.4m2.1m791.0k1.5m2.3m848.0k1.6m2.4m824.0k1.7m2.6m917.0k2.0m3.0m

Accounts Payable

(1.2m)(2.1m)2.6m330.0k(478.0k)2.4m(1.8m)(2.1m)

Cash From Operating Activities

31.9m8.2m16.3m28.0m8.4m16.9m27.5m5.6m14.6m27.5m12.7m22.6m35.5m12.7m29.0m43.4m11.0m23.8m36.9m
USDY, 2019

EV/EBIT

42 x

EV/CFO

28.4 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
Show all operating metrics

First of Long Island Online and Social Media Presence

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First of Long Island News and Updates

The First of Long Island Corporation Reports Increases in Earnings for the Three and Nine Months Ended September 30, 2019

GLEN HEAD, N.Y., Oct. 30, 2019 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island, reported increases in net income and earnings per share for the three and nine months ended September 30, 2019.  In the highlights t…

The First of Long Island Corporation Reports Increases in Earnings for the Three and Six Months Ended June 30, 2019

GLEN HEAD, N.Y., July 29, 2019 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island, reported increases in net income and earnings per share for the three and six months ended June 30, 2019.  In the highlights that fo…

The First of Long Island Corporation Announces Second Quarter Cash Dividend of $.17 Per Share

GLEN HEAD, N.Y., July 01, 2019 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a second quarter cash dividend in the amount of $.17 per share.  This represents a 13.3% increase over the $.15 per share dividend declared in the same quarter …

The First of Long Island Corporation Announces a New Chief Risk Officer

GLEN HEAD, N.Y., May 20, 2019 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (the “Corporation”) (Nasdaq: FLIC), the parent company of The First National Bank of Long Island (the “Bank”), announces the hiring of Janet T. Verneuille as Executive Vice President and Chief Risk Officer of th…

The First of Long Island Corporation Reports Earnings for the First Quarter of 2019

GLEN HEAD, N.Y., April 30, 2019 (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 months ended March 31, 2019.  In the highlights that follow, all compariso…

The First of Long Island Corporation Announces CEO Succession

GLEN HEAD, N.Y., March 19, 2019 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (NASDAQ: FLIC) announced today that its Board of Directors selected Christopher Becker to succeed Michael Vittorio as President and Chief Executive Officer of The First of Long Island Corporation and The First…
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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 Paul J. Daley.

  • How many employees does First of Long Island have?

    First of Long Island has 344 employees.

  • Who are First of Long Island competitors?

    Competitors of First of Long Island include Nimble, Holvi and Borro.

  • 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.