News
A look at key metrics
Flushing Financial (FFIC) reported $46.99 million in revenue for the quarter ended June 2024, representing a decline of 3.1% year-over-year. EPS of $0.18 for the same period compares to $0.26 a year ago.
The reported revenue compared to the Zacks Consensus Estimate of $46.96 million, representing a surprise of +0.08%. The company delivered no EPS surprise, with the consensus EPS estimate being $0.18.
As investors look at year-over-year changes in revenue and profits and how they compare to Wall Street expectations to determine their next move, a few key metrics always offer a more accurate picture of a company’s financial health.
Because these metrics influence both top- and bottom-line performance, comparing them to last year’s numbers and analyst estimates helps investors project a stock’s price performance more accurately.
Here’s how Flushing Financial fared in the just-reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Efficiency index: 82.6% compared to the average estimate of 82.4% based on two analysts.
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Net Interest Margin: 2.1% versus 2.1% estimated by two analysts on average.
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Average interest-bearing assets: $8.36 billion, compared with the average estimate of $8.25 billion based on two analysts.
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Other income: $0.66 million versus the average estimate of two analysts of $0.64 million.
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Net interest income: US$42.78 million versus US$42.69 million estimated by two analysts on average.
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Bank Owned Life Insurance: $1.22 million, compared with the average estimate of $1.23 million based on two analysts.
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Net profit on sale of loans: $0.03 million compared to the average estimate of $0.08 million based on two analysts.
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Federal Home Loan Bank of New York Stock Dividends: US$0.67 million versus US$0.70 million estimated by two analysts on average.
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Revenue from banking service fees: US$1.58 million versus US$1.65 million estimated by two analysts on average.
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Total non-interest income: $4.22 million versus the average estimate of two analysts of $4.30 million.
See all key company metrics for Flushing Financial here>>>
Flushing Financial shares have returned +26.8% over the past month, compared with the Zacks S&P 500 composite’s -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating it could perform in line with the broader market in the near term.
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Flushing Financial Corporation (FFIC): Free Stock Analysis Report