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Flushing Financial Corp. (DE:FL8)
FRANKFURT:FL8
Earnings Data
Report Date
Jul 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.29Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: 6.54%
|Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with notable improvements in net interest margins, liquidity, and deposit growth. However, these were offset by challenges such as the GAAP loss driven by goodwill impairment, yield curve inversion, and an increase in nonperforming loans. The sentiment is balanced, reflecting both progress and ongoing challenges.Company Guidance
During the call, Flushing Financial Corporation provided guidance on its financial metrics for the first quarter of 2025, highlighting several key performance indicators. The company reported a GAAP loss per share of $0.29, primarily due to a noncash goodwill impairment charge of $17.6 million, and a core earnings per share of $0.23. The net interest margin (NIM) expanded with GAAP and core NIM increasing to 2.51% and 2.49%, respectively. Deposits grew by 7% year-over-year, and the loan-to-deposit ratio improved to 87%. The cost of deposits decreased by 19 basis points, while $511 million of loans are due to reprice 171 basis points higher in 2025. Credit quality remained strong, with a 59 basis point allowance for credit losses and criticized loans at 133 basis points of total loans. The company emphasized its focus on improving profitability, maintaining credit discipline, and preserving liquidity and capital, with tangible common equity stable at 7.79%.Net Interest Margin Expansion
Both GAAP and core net interest margins expanded quarter-over-quarter, with GAAP increasing by 12 basis points to 2.51% and core NIM by 24 basis points to 2.49%.
Improvement in Loan-to-Deposit Ratio
The loan-to-deposit ratio improved from 94% a year ago to 87% in the current quarter.
Strong Liquidity and Capital Positions
The company has $4 billion in undrawn lines and resources, and uninsured and uncollateralized deposits remain low at 16% of total deposits.
Contractual Loan Repricing
About $511 million of loans are due to reprice 171 basis points higher in 2025, with expectations of generating $9 million in interest income annually.
Growth in Multifamily Portfolio
The multifamily portfolio comprises 38% of gross loans with a strong credit metric of a weighted average loan-to-value of 42% and a debt coverage ratio of 1.8x.
Deposit Growth
Average deposits increased 7% year-over-year and about 1% quarter-over-quarter.
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DE:FL8 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:FL8 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2025 | €10.70 | €10.70 | 0.00% |
Jan 28, 2025 | €13.66 | €13.37 | -2.16% |
Oct 24, 2024 | €13.39 | €13.39 | 0.00% |
Jul 29, 2024 | €14.52 | €14.23 | -1.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Flushing Financial Corp. (DE:FL8) report earnings?
Flushing Financial Corp. (DE:FL8) is schdueled to report earning on Jul 29, 2025, TBA Not Confirmed.
What is Flushing Financial Corp. (DE:FL8) earnings time?
Flushing Financial Corp. (DE:FL8) earnings time is at Jul 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Flushing Financial Corp. stock?
The P/E ratio of Flushing Financial is N/A.
What is DE:FL8 EPS forecast?
DE:FL8 EPS forecast for the fiscal quarter 2025 (Q2) is 0.29.
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