Under balance sheet restructuring transactions, Flushing Financial has recently offloaded low-yielding securities and FHLB borrowings. The restructuring will lift the margin. A sizable chunk of costly certificates of deposits will mature in 1H 2025; thereby providing the opportunity to significantly lower deposit costs. I'm raising my 2025 EPS estimate to $1.16 mostly because I've raised my margin estimates.
Flushing Financial Corporation (NASDAQ:FFIC ) Q4 2024 Earnings Conference Call January 29, 2025 9:30 AM ET Company Participants John Buran - President and CEO Susan Cullen - Senior EVP, CFO and Treasurer Conference Call Participants Mark Fitzgibbon - Piper Sandler Steve Moss - Raymond James Manuel Navas - D.A. Davidson Operator Welcome to Flushing Financial Corporation's Fourth Quarter and Full Year 2024 Operating Results Conference Call.
Although the revenue and EPS for Flushing Financial (FFIC) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Flushing Financial (FFIC) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.25 per share a year ago.
Flushing Financial (FFIC) shares have begun to rise and may keep increasing soon, based on positive changes in earnings forecasts.
Flushing Financial (FFIC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Flushing Financial (FFIC) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Flushing Financial (FFIC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Flushing Financial (FFIC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Flushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million to shore up its capital, CNBC has learned. The bank's CEO, John Buran, has told potential investors that he intends to sell low-yielding bonds and loans backed by commercial real estate, including multifamily building loans, moves that would generate a loss and necessitate the sale of fresh stock, people with knowledge of the deal told CNBC.