Flushing Financial Corporation (FFIC) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8215750119523642
Cash and cash equivalents8215750119523642
Total current assets:8215750119523642
Noncurrent Assets
Operating lease, right-of-use asset505141
Property, plant and equipment23282930312726
Intangible assets, net (including goodwill)20211616161616
Goodwill18181616161616
Intangible assets, net (excluding goodwill)33     
Total noncurrent assets:941008647474342
Other undisclosed assets7,8707,7196,8826,6696,2015,9805,621
TOTAL ASSETS:8,0467,9767,0186,8346,2996,0585,705
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 1,022542442442 116
Total current liabilities: 1,022542442442 116
Noncurrent Liabilities
Other undisclosed liabilities7,3666,3365,8975,8435,3255,5455,116
Total liabilities:7,3667,3576,4386,2855,7675,5455,232
Stockholders' equity
Stockholders' equity attributable to parent680619580549533514473
Common stock0000000
Treasury stock, value(75)(69)(71)(75)(58)(54)(49)
Additional paid in capital263262227223218214211
Accumulated other comprehensive loss(7)(16)(10)(13)(9)(8)(6)
Retained earnings498443434414381361317
Total stockholders' equity:680619580549533514473
TOTAL LIABILITIES AND EQUITY:8,0467,9767,0186,8346,2996,0585,705

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues275249254234214201183
Net investment income275249253234210195179
Cost of revenue (23)(3)(1)(10)  
Provision for loan, lease, and other losses (23)(3)(1)
Financial services costs(10)  
Gross profit:275225251234205201183
Operating expenses(34)(36)(31)(29)(90)(39)(72)
Other operating income, net
(Noninterest Income, Other Operating Income)
4121212
Operating income:244191223206116163113
Nonoperating income18202926282828
Investment income, nonoperating14162623252625
Bank owned life insurance income4443333
Interest and debt expense(41)(69)(117)(90)(61)(54)(50)
Income from continuing operations before equity method investments, income taxes:2221411351438313892
Other undisclosed loss from continuing operations before income taxes(112)(96)(81)(77)(16)(32)(18)
Income from continuing operations before income taxes:1094553656610673
Income tax expense(27)(11)(12)(10)(25)(41)(27)
Net income available to common stockholders, diluted:82354155416546

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:82354155416546
Other comprehensive income (loss)10(6)3(2)(1)(3)(3)
Comprehensive income, net of tax, attributable to parent:91284453406244

Statements sources

The financial statements are based on the company's filings with the 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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