News
Flushing Financial Q2 2024 Earnings: In Line with Expectations
Financial Discharge (NASDAQ:FFIC) Second Quarter 2024 Results
Main financial results
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Revenue: $46.2 million (down 1.6% from Q2 2023).
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Net income: US$5.32 million (down 30% from Q2 2023).
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Profit margin: 12% (down from 16% in Q2 2023). The reduction in margin was primarily driven by higher expenses.
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EPS: US$0.18 (down from US$0.25 in 2Q 2023).
earnings-and-revenue-growth
All numbers shown in the chart above are for the trailing 12 month period (TTM)
Insights into financial gains from discharge
Looking ahead, revenue is expected to grow by 7.7% per year on average over the next 2 years, compared to a forecast growth of 6.3% for the US banking sector.
Performance of the American banking sector.
The company’s shares are down 11% over the past week.
Risk analysis
It is still necessary to consider the ever-present specter of investment risk. We have identified 2 warning signs with Financial Flushingand understanding them should be part of your investment process.
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