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Flushing Financial ( (FFIC) ) has provided an update.
On January 28, 2025, Flushing Financial Corp. released its fourth quarter 2024 financial results, highlighting several strategic actions aimed at enhancing profitability and strengthening its balance sheet. Key developments included a $70 million equity raise and balance sheet restructuring, which led to a notable net interest margin (NIM) expansion despite incurring pre-tax losses. The company’s asset quality remained stable, and it demonstrated improved tangible common equity ratios. These measures reflect Flushing Financial’s commitment to increasing NIM, reducing volatility, and maintaining a conservative credit profile, signaling positive implications for its stakeholders.
More about Flushing Financial
Flushing Financial Corp. operates within the financial services industry, focusing primarily on banking products and services. The company offers a range of financial solutions, including loans, deposits, and mortgage services, targeting both individual and business clients in its market.
YTD Price Performance: 5.08%
Average Trading Volume: 323,130
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $484M
Learn more about FFIC stock on TipRanks’ Stock Analysis page.
