Flushing Financial Corporation (NASDAQ:FFIC) is reporting second quarter financial results on Tuesday 21st July 2020, after market close.
According to analysts surveyed by Thomson Reuters, FFIC is expected to report 2Q20 income of $ 0.24 per share from revenue of $ 44.74 million.
For the full year, analysts anticipate top line of $ 189.01 million, while looking forward to income of $ 1.37 per share bottom line.
Previous Quarter Performance
Flushing Financial Corporation reported income for the first quarter of $ 0.19 per share, from the revenue of $ 37.96 million. The quarterly earnings down 42.42 percent while revenues lowered 13.63 percent compared with the same quarter last year. According to street consensus, revenue of $ 44.15 million was expected for the first quarter The top line results fell short of analysts by $ 6.19 million or 14.02 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of FFIC was $ 10.07, representing a 13.66 % increase from the 52 week low of $ 8.86 and a 56.16 % decrease over the 52 week high of $ 22.97.
The company has a market capital of $ 284.12 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.21 per share on May 26, 2020. The dividend were payable on June 26, 2020 to holders of record as of the close of business on June 12, 2020 and ex-dividend date on June 11, 2020.
Flushing Financial Corporation operates as the bank holding company for Flushing Bank that provides banking products and services primarily to consumers, businesses, and governmental units. It offers various deposit products, including checking and savings accounts, money market accounts, demand accounts, NOW accounts, and certificates of deposit. The company also provides mortgage loans secured by multi-family residential, commercial real estate, one-to-four family mixed-use property, one-to-four family residential property, and commercial business loans; construction loans; small business administration loans and other small business loans; mortgage loan surrogates, such as mortgage-backed securities; and consumer loans, including overdraft lines of credit, as well as the United States government securities, corporate fixed-income securities, and other marketable securities.
