FFIC vs. NYCB: Which Stock Is the Better Value Option?

UNIONDALE, N.Y., March 09, 2020 -- Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced.

UNIONDALE, N.Y., April 03, 2020 -- Flushing Financial Corporation (the “Company”) (Nasdaq-GS: FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced.

Even if it's not a huge purchase, we think it was good to see that Michael Azarian, a Flushing Financial Corporation...

Hosting the call today are John Buran, president and chief executive officer; Susan Cullen, senior executive vice president, treasurer, and chief financial officer; and Frank Korzekwinski, senior executive vice president and chief of real estate lending. Thank you.

Q1 2020 Flushing Financial Corp Earnings Call

In 2005 John Buran was appointed CEO of Flushing Financial Corporation (NASDAQ:FFIC). This analysis aims first to...

This approval brings us another step closer to the execution of our plan to merge our two organizations to achieve significant cost synergies and create one of Long Island’s largest banks by deposit share among regional and community banks. Flushing announced today that 5:00 p.m. Eastern Time on April 1, 2020 (the “Election Deadline”) is the deadline by which Empire shareholders may elect to receive cash, shares of common stock, $0.01 par value per share, of Flushing, or both as “merger consideration” in connection with the merger pursuant to a formula, and subject to the election, allocation and proration procedures, set forth in the merger agreement.

Near-Term Prospects Look Gloomy for Savings & Loan Industry

Flushing Financial Corporation (the “Company”) (FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that the Company will hold its 2020 Annual Shareholder Meeting (the “2020 Meeting”) in a virtual-only format due to public health concerns related to the COVID-19 pandemic and to protect the health and well-being of its shareholders, directors, employees, and the public. If you have already submitted a proxy to vote your shares, your shares will be voted at the Meeting according to your instructions and you do not need to vote your shares at the Meeting. If you are a shareholder of record, to sign in to the virtual Meeting go to www.virtualshareholdermeeting.com/FFIC2020.

FIRST QUARTER 20201 HIGHLIGHTS GAAP diluted EPS was ($0.05), compared to $0.45 in 4Q19 and $0.25 in 1Q19Core diluted EPS was $0.19, compared to $0.41 in 4Q19 and $0.33.

FFIC vs. PBCT: Which Stock Is the Better Value Option?

Flushing Financial Corporation (the “Company”) (FFIC), the parent holding company for Flushing Bank (the “Bank”), today announced that the Board of Directors (the “Board”) declared a quarterly dividend on its common stock of $0.21 per common share, payable on June 26, 2020 to shareholders of record at the close of business on June 12, 2020. FLUSHING FINANCIAL CORPORATION (FFIC) is the holding company for Flushing Bank®, a New York State-chartered commercial bank insured by the Federal Deposit Insurance Corporation.

Flushing Financial Corporation (the “Company”) (FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that it has begun accepting applications for the Payroll Protection Program (PPP) made available to small businesses through the CARES Act. The recently passed CARES Act established a $349 billion Paycheck Protection Program to provide much-needed assistance for small businesses so they can sustain their business and keep their workers employed. Small businesses play an important role in the economic health of our local communities and will be vital to our economic recovery.

Flushing Financial (FFIC) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Flushing Financial Corporation (the “Company”) (FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that its application for participation in the FHLBNY Small Business Recovery Grant Program has been approved. Flushing Financial Corporation (FFIC) is the holding company for Flushing Bank®, a New York State—chartered commercial bank insured by the Federal Deposit Insurance Corporation.

Flushing Financial Corporation (the “Company”) (FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that it has established a temporary relief assistance program for its residential mortgage customers. The assistance program applies to mortgage loans secured by 1-4 family owner-occupied residential dwellings. The assistance program is for first and second mortgages on properties in New York.

Flushing Financial Corporation (the “Company”) (FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today its plan to support its customers impacted by the spread of the coronavirus. As a community bank, it is our job to partner with our communities and provide support when it is needed most. In addition to offering our full line of products and services, we have implemented initiatives to mitigate the impact of the coronavirus on our ability to conduct business and service our customers.

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Flushing Financial Corporation (FFIC) (“Flushing”), parent company of Flushing Bank, and Empire Bancorp, Inc. (EMPK) (“Empire”), parent company of Empire National Bank, announced today that the closing of the previously announced merger of Empire with and into Flushing (the “merger”) will be delayed due to the severe instability and volatility in the U.S. financial and stock markets. Flushing and Empire believe that attempting to close the transaction during this time of severe economic uncertainty and wild volatility in stock prices could adversely impact the shareholders of both institutions and would severely strain the ability of both banks to focus on the needs of their customers. The COVID-19 outbreak, and the necessary government and social reaction intended to minimize its impact, have created significant disruption of business, commerce, travel, and normal daily activities in the New York metropolitan area and throughout the United States, adversely affecting the respective customers, employees and shareholders of both Flushing and Empire.