Flushing Financial Corp - Understand $ffic stock

$FFIC Market Cap: $514.5 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$113.5M

TTM

Gross Margin

Net Earnings

$26.01M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$9.281B

Q3 2024

Total Liabilities

$8.614B

Q3 2024

Book Value

$666.9M

Q3 2024

Cash

$267.6M

Q3 2024

P/E

19.78

Nov 14, 2024 EST

Free Cash Flow

$24.07M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Revenue	$8.651M	$5.122M	$288.6M	$264.3M	$279.0M	$257.0M	$234.6M	$221.0M	$204.1M	$197.1M
YoY Change	68.9%	-98.22%	9.17%	-5.24%	8.54%	9.55%	6.15%	8.25%	3.56%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$8.651M	$5.122M	$288.6M	$264.3M	$279.0M	$257.0M	$234.6M	$221.0M	$204.1M	$197.1M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$6.445M	$6.475M	$7.040M	$6.320M	$5.930M	$5.790M	$4.830M	$4.450M	$3.580M	$2.810M	$3.420M	$3.680M	$3.660M	$3.270M	$3.130M	$2.880M	$2.890M	$1.890M	$1.550M	$1.490M	$1.230M	$1.040M	$1.440M	$1.460M	$1.390M	$1.350M	$920.0K	$960.0K	$740.0K	$670.0K	$720.0K
YoY Change	-0.46%	-8.03%	11.39%	6.58%	2.42%	19.88%	8.54%	24.3%	27.4%	-17.84%	-7.07%	0.55%	11.93%	4.47%	8.68%	-0.35%	52.91%	21.94%	4.03%	21.14%	18.27%	-27.78%	-1.37%	5.04%	2.96%	46.74%	-4.17%	29.73%	10.45%	-6.94%	24.14%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Interest Expense	$222.3M	$73.01M	$40.59M	$69.13M	$117.0M	$89.59M	$61.48M	$53.91M	$49.73M	$49.55M
YoY Change	204.51%	79.86%	-41.28%	-40.92%	30.61%	45.73%	14.04%	8.42%	0.35%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Pretax Income	$39.83M	$104.9M	$109.3M	$45.18M	$53.33M	$65.49M	$66.13M	$106.0M	$73.38M	$72.81M	$60.70M	$56.20M	$58.80M	$54.80M	$41.30M	$34.30M	$31.10M	$34.80M	$38.60M	$37.00M	$35.20M	$26.20M	$23.80M	$20.00M	$20.50M	$16.20M	$15.30M	$12.50M	$5.800M	$7.800M	$7.700M
YoY Change	-62.01%	-4.05%	141.86%	-15.28%	-18.56%	-0.98%	-37.62%	44.49%	0.77%	19.95%	8.01%	-4.42%	7.3%	32.69%	20.41%	10.29%	-10.63%	-9.84%	4.32%	5.11%	34.35%	10.08%	19.0%	-2.44%	26.54%	5.88%	22.4%	115.52%	-25.64%	1.3%	-6.1%
Income Tax	$11.17M	$27.91M	$27.49M	$10.51M	$12.05M	$10.40M	$25.01M	$41.10M	$27.17M	$28.57M	$23.00M	$21.80M	$23.50M	$15.90M	$15.80M	$12.10M	$10.90M	$13.10M	$15.10M	$14.40M	$13.50M	$10.00M	$8.900M	$7.500M	$7.800M	$6.000M	$6.800M	$5.800M	$2.500M	$3.300M	$3.100M
% Of Pretax Income	28.04%	26.62%	25.15%	23.26%	22.6%	15.87%	37.82%	38.77%	37.02%	39.24%	37.89%	38.79%	39.97%	29.01%	38.26%	35.28%	35.05%	37.64%	39.12%	38.92%	38.35%	38.17%	37.39%	37.5%	38.05%	37.04%	44.44%	46.4%	43.1%	42.31%	40.26%
Net Earnings	$28.66M	$76.95M	$81.79M	$34.67M	$41.28M	$55.09M	$41.12M	$64.92M	$46.21M	$44.24M	$37.80M	$34.30M	$35.30M	$38.80M	$25.60M	$22.30M	$20.20M	$21.60M	$23.50M	$22.60M	$21.70M	$16.30M	$14.90M	$12.40M	$12.70M	$10.20M	$8.500M	$6.700M	$3.300M	$4.400M	$5.300M
YoY Change	-62.75%	-5.93%	135.89%	-16.0%	-25.07%	33.97%	-36.66%	40.48%	4.45%	17.03%	10.2%	-2.83%	-9.02%	51.56%	14.8%	10.4%	-6.48%	-8.09%	3.98%	4.15%	33.13%	9.4%	20.16%	-2.36%	24.51%	20.0%	26.87%	103.03%	-25.0%	-16.98%	51.43%
Net Earnings / Revenue	331.34%	1502.25%	28.35%	13.12%	14.8%	21.44%	17.53%	29.37%	22.64%	22.44%
Basic Earnings Per Share	$0.96	$2.50	$2.59	$1.18	$1.44	$1.92	$1.41	$2.24	$1.59	$1.49
Diluted Earnings Per Share	$0.96	$2.496M	$2.59	$1.18	$1.44	$1.92	$1.41	$2.24	$1.59	$1.48	$1.256M	$1.128M	$1.150M	$1.276M	$1.103M	$1.093M	$1.005M	$1.143M	$1.306M	$1.249M	$1.219M	$895.6K	$776.0K	$645.8K	$607.7K	$434.0K	$349.8K	$252.8K	$123.1K	$164.2K	$197.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$60.83M	$65.04M	$73.50M	$78.90M	$69.90M	$30.40M	$30.80M	$26.60M	$25.60M	$21.90M	$20.40M	$22.50M	$24.40M	$23.00M	$22.80M	$22.80M	$23.90M	$23.00M	$7.200M	$7.600M	$6.400M	$5.400M	$5.600M	$6.300M	$6.200M	$6.400M	$6.500M	$5.800M	$6.100M	$5.700M	$5.700M
YoY Change	-6.47%	-11.51%	-6.84%	12.88%	129.93%	-1.3%	15.79%	3.91%	16.89%	7.35%	-9.33%	-7.79%	6.09%	0.88%	0.0%	-4.6%	3.91%	219.44%	-5.26%	18.75%	18.52%	-3.57%	-11.11%	1.61%	-3.13%	-1.54%	12.07%	-4.92%	7.02%	0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$45.15M	$45.47M	$31.90M	$34.30M	$15.40M	$14.00M	$10.30M	$17.90M	$14.60M	$7.300M	$18.10M
YoY Change	-0.71%	42.54%	-7.0%	122.73%	10.0%	35.92%	-42.46%	22.6%	100.0%	-59.67%
Total Long-Term Assets
YoY Change
Total Assets	$8.537B	$8.423B	$8.046B	$7.976B	$7.018B	$6.834B	$6.299B	$6.059B	$5.705B	$5.077B	$4.722B	$4.451B	$4.288B	$4.325B	$4.143B	$3.950B	$3.355B	$2.837B	$2.353B	$2.058B	$1.911B	$1.653B	$1.488B	$1.338B	$1.250B	$1.142B	$1.089B	$775.3M	$708.4M	$592.0M	$615.5M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$40.82M	$46.13M	$54.20M	$59.10M	$49.40M
YoY Change	-11.5%	-14.9%	-8.29%	19.64%
Deferred Revenue
YoY Change
Short-Term Debt								$0.00	$116.0M	$116.0M	$155.3M	$185.3M	$185.3M	$166.0M	$186.9M	$222.7M	$222.8M	$223.9M	$178.9M								$0.00	$0.00	$0.00	$5.000M	$0.00
YoY Change								-100.0%	0.0%	-25.31%	-16.19%	0.0%	11.63%	-11.18%	-16.08%	-0.04%	-0.49%	25.15%											-100.0%
Long-Term Debt Due								$0.00	$20.00M
YoY Change								-100.0%
Total Short-Term Liabilities	$40.82M	$46.13M	$54.20M	$59.10M	$49.40M				$20.00M	$116.0M	$155.3M	$185.3M	$185.3M	$166.0M	$186.9M	$222.7M	$222.8M	$223.9M	$178.9M											$5.000M
YoY Change	-11.5%	-14.9%	-8.29%	19.64%					-82.76%	-25.31%	-16.19%	0.0%	11.63%	-11.18%	-16.08%	-0.04%	-0.49%	25.15%
Long-Term Debt	$841.3M	$1.053B	$179.4M	$133.3M	$118.7M	$115.9M	$110.7M	$107.4M	$29.00M	$28.80M	$29.60M	$23.90M	$26.30M	$32.20M	$34.50M	$33.10M	$61.20M	$20.60M	$20.60M	$584.7M	$578.1M	$493.2M	$513.4M	$508.8M	$451.8M	$335.5M	$287.2M	$51.00M	$0.00	$10.00M	$0.00
YoY Change	-20.1%	486.94%	34.58%	12.3%	2.42%	4.7%	3.07%	270.34%	0.69%	-2.7%	23.85%	-9.13%	-18.32%	-6.67%	4.23%	-45.92%	197.09%	0.0%	-96.48%	1.14%	17.21%	-3.93%	0.9%	12.62%	34.66%	16.82%	463.14%		-100.0%
Other Long-Term Liabilities	$170.0M	$209.5M	$163.1M	$186.7M	$129.5M	$117.9M	$116.3M	$112.7M	$104.2M	$91.40M	$76.90M	$45.50M	$39.70M	$35.40M	$29.70M	$40.20M	$22.90M	$21.50M	$19.70M	$19.90M	$15.90M	$16.60M	$12.10M	$12.70M	$12.60M	$10.50M	$8.900M	$6.600M	$7.200M	$4.800M	$8.700M
YoY Change	-18.84%	28.45%	-12.64%	44.17%	9.84%	1.38%	3.19%	8.16%	14.0%	18.86%	69.01%	14.61%	12.15%	19.19%	-26.12%	75.55%	6.51%	9.14%	-1.01%	25.16%	-4.22%	37.19%	-4.72%	0.79%	20.0%	17.98%	34.85%	-8.33%	50.0%	-44.83%
Total Long-Term Liabilities	$1.011B	$1.262B	$342.5M	$320.0M	$248.2M	$233.8M	$227.0M	$220.1M	$133.2M	$120.2M	$106.5M	$69.40M	$66.00M	$67.60M	$64.20M	$73.30M	$84.10M	$42.10M	$40.30M	$604.6M	$594.0M	$509.8M	$525.5M	$521.5M	$464.4M	$346.0M	$296.1M	$57.60M	$7.200M	$14.80M	$8.700M
YoY Change	-19.89%	268.61%	7.03%	28.93%	6.16%	3.0%	3.13%	65.24%	10.82%	12.86%	53.46%	5.15%	-2.37%	5.3%	-12.41%	-12.84%	99.76%	4.47%	-93.33%	1.78%	16.52%	-2.99%	0.77%	12.3%	34.22%	16.85%	414.06%	700.0%	-51.35%	70.11%
Total Liabilities	$7.867B	$7.746B	$7.366B	$7.357B	$6.438B	$6.285B	$5.767B	$5.545B	$5.232B	$4.621B	$4.289B	$4.009B	$3.871B	$3.935B	$3.783B	$3.648B	$3.121B	$2.618B	$2.177B	$1.897B	$1.764B	$1.522B	$1.354B	$1.211B	$1.131B	$1.010B	$952.0M	$642.1M	$567.1M	$551.9M	$570.2M
YoY Change	1.57%	5.15%	0.12%	14.28%	2.44%	8.98%	4.01%	5.98%	13.22%	7.74%	6.98%	3.57%	-1.62%	4.01%	3.7%	16.89%	19.2%	20.28%	14.72%	7.56%	15.93%	12.37%	11.78%	7.07%	12.02%	6.09%	48.26%	13.23%	2.75%	-3.21%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding		30.82M	31.55M	29.30M	28.71M	28.71M	29.08M	28.96M	29.11M	29.79M
Diluted Shares Outstanding	29.93M	30.82M	31.55M	29.30M	28.71M	28.71M	29.08M	28.97M	29.13M	29.82M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $514.52 Million

About Flushing Financial Corp

Flushing Financial Corp. operates as a bank holding company, which provides banking and financial services. The company is headquartered in Uniondale, New York and currently employs 549 full-time employees. The Bank offers the products, services, and conveniences associated with large commercial banks, including a full complement of deposit, loan, equipment finance, and cash management services. The Bank's principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, primarily in originations and purchases of multi-family residential properties loans, commercial business loans, commercial real estate mortgage loans and, to a lesser extent, one-to-four family loans; construction loans; small business administration (SBA) loans; mortgage loan surrogates, such as mortgage-backed securities; and United States government securities, corporate fixed-income securities and other marketable securities. The Bank also operates an Internet branch that operates under the brands of iGObanking.com and BankPurely.

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