Flushing Financial Corporation (FFIC) Financial Statements (2024 and earlier)

Company Profile

Business Address 220 RXR PLAZA
UNIONDALE, NY 11556
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments273,65481,700157,40049,787118,56151,546
Cash and cash equivalents273,65481,700157,40049,787118,56151,546
Total current assets:273,65481,700157,40049,787118,56151,546
Noncurrent Assets
Operating lease, right-of-use asset43,28950,20050,74341,254
Property, plant and equipment21,75023,33828,17928,67630,41830,836
Intangible assets, net (including goodwill)19,65320,19820,80816,12716,12716,127
Goodwill17,63617,63617,63616,12716,12716,127
Intangible assets, net (excluding goodwill)2,0172,5623,172   
Total noncurrent assets:84,69293,73699,73086,05746,54546,963
Other undisclosed assets8,064,6007,870,4757,719,2646,881,9326,669,0706,200,765
TOTAL ASSETS:8,422,9468,045,9117,976,3947,017,7766,834,1766,299,274
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   1,021,500541,500441,500441,500
Total current liabilities:   1,021,500541,500441,500441,500
Noncurrent Liabilities
Other undisclosed liabilities7,745,7897,366,2836,335,8975,896,6045,843,2125,325,166
Total liabilities:7,745,7897,366,2837,357,3976,438,1046,284,7125,766,666
Equity
Equity, attributable to parent677,157679,628618,997579,672549,464532,608
Common stock341341341315315315
Treasury stock, value(98,535)(75,293)(69,400)(71,487)(75,146)(57,675)
Additional paid in capital264,332263,375261,533226,691222,720217,906
Accumulated other comprehensive loss(36,488)(6,684)(16,266)(9,807)(12,752)(8,986)
Retained earnings547,507497,889442,789433,960414,327381,048
Total equity:677,157679,628618,997579,672549,464532,608
TOTAL LIABILITIES AND EQUITY:8,422,9468,045,9117,976,3947,017,7766,834,1766,299,274

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues295,824274,869248,556254,218234,077214,382
Net investment income295,705274,534248,508253,348233,909209,809
Cost of revenue(5,081) (23,129)(2,811)(575)(9,861)
Provision for loan, lease, and other losses(5,081) (23,129)(2,811)(575)
Financial services costs(9,861)
Gross profit:290,743274,869225,427251,407233,502204,521
Operating expenses(35,234)(34,289)(36,306)(30,724)(28,753)(90,066)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,5753,5071,4121,8911,3671,541
Operating income:257,084244,087190,533222,574206,116115,996
Nonoperating income25,40818,07219,63329,14226,18828,003
Investment income, nonoperating20,92114,02815,81925,60823,08924,776
Bank owned life insurance income4,4874,0443,8143,5343,0993,227
Interest and debt expense(73,010)(40,593)(69,128)(117,016)(89,592)(61,478)
Income from continuing operations before equity method investments, income taxes:209,482221,566141,038134,700142,71282,521
Other undisclosed loss from continuing operations before income taxes(104,630)(112,288)(95,856)(81,369)(77,227)(16,387)
Income from continuing operations before income taxes:104,852109,27845,18253,33165,48566,134
Income tax expense(27,907)(27,485)(10,508)(12,052)(10,395)(25,013)
Income from continuing operations:76,94581,79334,67441,27955,09041,121
Income before gain (loss) on sale of properties:81,79334,67441,27955,09041,121
Net income available to common stockholders, diluted:76,94581,79334,67441,27955,09041,121

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:76,94581,79334,67441,27955,09041,121
Other comprehensive income (loss)(29,804)9,582(6,459)2,945(2,472)(624)
Comprehensive income, net of tax, attributable to parent:47,14191,37528,21544,22452,61840,497

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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