Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
12 January 1987Website:
http://www.fnbli.comNext earnings report:
26 July 2024Last dividends:
12 March 2024Next dividends:
10 July 2024Price
regular market | Wed, 03 Jul 2024 17:00:01 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
FLIC Latest News
The First of Long Island (FLIC) has faced significant challenges due to the rapid rise in the Fed Funds Rate, leading to a sharp drop in stock price. Despite the decline in profitability and stagnant TBV per share, FLIC remains solid with historic low valuation multiples and a high dividend yield of 8.58%. Management expects a bottom in the net interest margin and potential growth with a reduction in the Fed Funds Rate, making FLIC a buy at its current price below $10 per share.
MELVILLE, N.Y., June 28, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a second quarter cash dividend in the amount of $.21 per share. The dividend will be paid on July 18, 2024 to shareholders of record on July 10, 2024.
The First of Long Island Corporation (NASDAQ:FLIC) held its Q1 2024 Earnings Call on April 26, 2024 at 2:00 PM ET. Company representatives included Chris Becker, President and CEO, and Janet Verneuille, Senior EVP and CFO. Analysts Alex Twerdahl from Piper Sandler and Chris O'Connell from KBW also participated in the call. Welcome to The First of Long Island Corporation's First Quarter 2024 Earnings Conference Call.
FLIC reported quarterly earnings of $0.20 per share, falling short of the Zacks Consensus Estimate of $0.24 per share. This is lower than the earnings of $0.29 per share from the previous year.
Melville, NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) will host an earnings conference call on April 26, 2024 at 2:00 pm Eastern time to discuss first quarter results. Financial results will be released after the market closes on April 25, 2024.
The First of Long Island (FLIC) came out with quarterly earnings of $0.27 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.44 per share a year ago.
The First of Long Island (FLIC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
The First of Long Island Corporation has lost about 50% of its value since the Fed began raising rates. The bank has seen a decline in deposits and profitability, with net interest margin and net interest income both decreasing. FLIC's future prospects lie in the commercial segment, as demand for residential mortgages and refinancing activity is dropping. However, the cost of funds is expected to remain stable.
On August 2, 2023, Tanweer Ansari, the Executive Vice President and Internal Counsel of First of Long Island Corp ( FLIC , Financial), sold 1000 shares of the company. This move comes as part of a series of insider transactions that have taken place over the past year.
The First of Long Island (FLIC) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.54 per share a year ago.
What type of business is First of Long Island?
The First of Long Island Corporation operates as the holding company for The First National Bank of Long Island that provides financial services to small and medium-sized businesses, professionals, consumers, municipalities, and other organizations. The company offers business and small business checking, personal checking, negotiable order of withdrawal, interest on lawyer, escrow service, rent security, personal and nonpersonal money market, savings, time deposit, holiday club, and individual retirement accounts. It also provides commercial and residential mortgage, commercial and industrial, small business credit scored, Small Business Administration, construction and land development, consumer, and home equity lines of credit/loans, as well as commercial and standby letters of credit; debit or credit cards; and overdraft facilities. In addition, the company offers life insurance, trust, estate and custody, retail investment, bill payment, lockbox, ACH, safe deposit box rental, wire transfer, money order, checkbook printing, check, ATM, and online and mobile banking services, as well as investment securities, management, and advisory services. It operates 40 branches, including 17 branches in Nassau, 15 in Suffolk, 5 in Queens, 2 in Brooklyn, and 1 in Manhattan. The company was founded in 1927 and is headquartered in Glen Head, New York.
What sector is First of Long Island in?
First of Long Island is in the Financial Services sector
What industry is First of Long Island in?
First of Long Island is in the Banks - Regional industry
What country is First of Long Island from?
First of Long Island is headquartered in United States
When did First of Long Island go public?
First of Long Island initial public offering (IPO) was on 12 January 1987
What is First of Long Island website?
https://www.fnbli.com
Is First of Long Island in the S&P 500?
No, First of Long Island is not included in the S&P 500 index
Is First of Long Island in the NASDAQ 100?
No, First of Long Island is not included in the NASDAQ 100 index
Is First of Long Island in the Dow Jones?
No, First of Long Island is not included in the Dow Jones index
When does First of Long Island report earnings?
The next expected earnings date for First of Long Island is 26 July 2024