Flushing Financial (FFIC) Tops Q2 EPS by 1c

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Go back to Flushing Financial (FFIC) Tops Q2 EPS by 1c

Flushing Financial Corporation Reports Record Second Quarter GAAP Diluted EPS of $1.05 Driven by the Sale of a Building; Core Diluted EPS of $0.39, Up 8.3% YoY Driven by 21.6% Annualized Loan Growth

July 26, 2016 5:17 PM EDT

Second Quarter 2016

GAAP diluted EPS was $1.05, up 105.9% YoY, materially impacted by the sale of one of the Banks branch buildings for a pre-tax gain of $33.8 millionNotable items in GAAP include net gains on sale of buildings and securities, net loss from fair value adjustments and prepayment penalties from the extinguishment of debt that, combined, increased diluted EPS by $0.66Core diluted EPS was $0.39, up 8.3% YoYNet interest margin was 2.99%, compared to 3.03% for the second quarter of... More