Flushing Financial Corporation (FFIC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1575011952364234
Cash and cash equivalents1575011952364234
Total current assets:1575011952364234
Noncurrent Assets
Operating lease, right-of-use asset5141
Property, plant and equipment28293031272622
Intangible assets, net (including goodwill)21161616161616
Goodwill18161616161616
Intangible assets, net (excluding goodwill)3      
Total noncurrent assets:100864747434238
Other undisclosed assets7,7196,8826,6696,2015,9805,6215,005
TOTAL ASSETS:7,9767,0186,8346,2996,0585,7055,077
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,022542442442 116116
Total current liabilities:1,022542442442 116116
Noncurrent Liabilities
Other undisclosed liabilities6,3365,8975,8435,3255,5455,1164,505
Total liabilities:7,3576,4386,2855,7675,5455,2324,621
Stockholders' equity
Stockholders' equity attributable to parent619580549533514473456
Common stock0000000
Treasury stock, value(69)(71)(75)(58)(54)(49)(37)
Additional paid in capital262227223218214211206
Accumulated other comprehensive loss(16)(10)(13)(9)(8)(6)(3)
Retained earnings443434414381361317290
Total stockholders' equity:619580549533514473456
TOTAL LIABILITIES AND EQUITY:7,9767,0186,8346,2996,0585,7055,077

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues249254234214201183177
Net investment income249253234210195179170
Cost of revenue(23)(3)(1)(10)   
Provision for loan, lease, and other losses(23)(3)(1)
Financial services costs(10)   
Gross profit:225251234205201183177
Operating expenses(36)(31)(29)(90)(39)(72)(76)
Other operating income, net
(Noninterest Income, Other Operating Income)
1212122
Operating income:191223206116163113103
Nonoperating income20292628282833
Investment income, nonoperating16262325262530
Bank owned life insurance income4433333
Interest and debt expense(69)(117)(90)(61)(54)(50)(55)
Income from continuing operations before equity method investments, income taxes:141135143831389281
Other undisclosed loss from continuing operations before income taxes(96)(81)(77)(16)(32)(18)(8)
Income from continuing operations before income taxes:455365661067373
Income tax expense(11)(12)(10)(25)(41)(27)(29)
Net income available to common stockholders, diluted:35415541654644

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:35415541654644
Other comprehensive income (loss)(6)3(2)(1)(3)(3)8
Comprehensive income, net of tax, attributable to parent:28445340624453

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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