Flushing Financial Corporation

Flushing Bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, and cash management services through its 19 banking offices located in Queens, Brooklyn, Manhattan, and Nassau County. As a leader in real estate lending, the Bank's experienced lending team creates mortgage solutions for real estate owners and property managers both within and outside the New York City metropolitan area. The Bank also operates an online banking division, iGObanking.com®, which offers competitively priced deposit products to consumers nationwide.

Flushing Financial Corporation (Nasdaq: FFIC) is the holding company for Flushing Bank, a New York State chartered stock commercial bank insured by the Federal Deposit Insurance Corporation.

Company Growth (employees)
Type
Public
HQ
New Hyde Park, US
Founded
1929
Size (employees)
447 (est)
Flushing Financial Corporation was founded in 1929 and is headquartered in New Hyde Park, US

Flushing Financial Corporation Office Locations

Flushing Financial Corporation has an office in New Hyde Park
New Hyde Park, US (HQ)
e140 1979 Marcus Ave

Flushing Financial Corporation Data and Metrics

Flushing Financial Corporation Financial Metrics

Flushing Financial Corporation's revenue was reported to be $204.1 m in FY, 2015
USD

Net income (Q1, 2017)

12.3 m

EBIT (Q1, 2017)

43.4 m

Market capitalization (17-Aug-2017)

775.9 m

Cash (31-Mar-2017)

51.2 m
Flushing Financial Corporation's current market capitalization is $775.9 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

200.5 m197.1 m204.1 m

Revenue growth, %

(2%)4%

Cost of goods sold

53.9 m

Sales and marketing expense

60.8 m

R&D expense

4.4 m

General and administrative expense

9.8 m

Operating expense total

118.6 m

EBIT

167.1 m

Interest expense

25.1 m

Pre tax profit

106 m

Net Income

37.8 m44.2 m46.2 m64.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cost of goods sold

12.1 m12.6 m13.2 m13.2 m13.8 m13.9 m

Sales and marketing expense

13.2 m12.6 m16.3 m14 m14.8 m17.1 m

R&D expense

1.2 m1.2 m1.1 m1.2 m939 k1.2 m

General and administrative expense

2.6 m2.4 m2.4 m2.4 m2.6 m2.5 m

Operating expense total

17 m16.3 m19.7 m17.5 m18.3 m20.8 m

EBIT

38.1 m39.3 m41.1 m41.9 m41.7 m43.4 m

Interest expense

6 m6.5 m6.6 m6.5 m6.2 m6.1 m

Pre tax profit

24.4 m17.7 m15.2 m51.2 m17.3 m17.5 m

Net Income

11.7 m11.2 m8.7 m14.8 m34.6 m9.6 m40 m50.6 m12.3 m
USDFY, 2015FY, 2016

Cash

42.4 m35.9 m

Goodwill

16.1 m16.1 m

Total Assets

5.7 b6.1 b

Total Debt

1.2 b

Total Liabilities

5.5 b

Common Stock

315 k315 k

Additional Paid-in Capital

210.7 m214.5 m

Retained Earnings

316.5 m361.2 m

Total Equity

473.1 m513.9 m

Debt to Equity Ratio

2.4 x

Debt to Assets Ratio

0.2 x

Financial Leverage

12.1 x11.8 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

36.6 m34.5 m51.4 m50.2 m47.9 m51.2 m

Inventories

2 b2 b

Goodwill

16.1 m16.1 m16.1 m16.1 m16.1 m16.1 m

Total Assets

5.4 b5.5 b5.8 b6 b6 b6.2 b

Common Stock

315 k315 k315 k315 k315 k315 k

Additional Paid-in Capital

209.3 m209.9 m211.7 m212.6 m213.5 m215.5 m

Retained Earnings

303.3 m309.5 m320.7 m346.2 m351.9 m367.9 m

Total Equity

462.1 m471.2 m487.8 m508.9 m512.6 m525.4 m

Financial Leverage

11.6 x11.7 x11.9 x11.8 x11.7 x11.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

37.8 m44.2 m46.2 m64.9 m

Cash From Operating Activities

44.7 m42.4 m

Purchases of PP&E

(278.9 m)(186.7 m)

Cash From Investing Activities

(600.5 m)(322.2 m)

Dividends Paid

(18.6 m)(19.7 m)

Cash From Financing Activities

563.9 m273.3 m

Interest Paid

48.5 m53.8 m

Income Taxes Paid

32.6 m36.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

11.7 m11.2 m8.7 m14.8 m34.6 m9.6 m40 m50.6 m12.3 m

Depreciation and Amortization

867 k993 k1 m

Cash From Operating Activities

23.5 m34.5 m16.6 m31.5 m37.4 m16 m

Purchases of PP&E

(126.1 m)(216.3 m)(12 m)(138 m)(138 m)(15.6 m)

Cash From Investing Activities

(246 m)(403.3 m)(92.2 m)(227.9 m)(246.9 m)(158.4 m)

Dividends Paid

(9.4 m)(14 m)(5 m)(9.9 m)(14.8 m)(5.2 m)

Cash From Financing Activities

224.9 m369 m84.6 m204.2 m215.1 m157.7 m

Interest Paid

23.6 m35.8 m12.9 m28.3 m39.8 m12.5 m

Income Taxes Paid

16.2 m26.5 m1 m9.3 m28.6 m1 m
Y, 2017

Financial Leverage

11.9 x

Flushing Financial Corporation Market Value History

Traffic Overview of Flushing Financial Corporation

Flushing Financial Corporation Company Life and Culture

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