Flushing Financial (FFIC) Tops Q4 EPS by 6c

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Flushing Financial CorporationĀ Reports Full Year 2018 GAAP EPS up 36% and Record Full Year Core EPS up 24%; Quarterly Yields on Loan Closings Increased 75bps from 4Q17

January 31, 2019 5:30 PM EST

FOURTH QUARTER 20181 HIGHLIGHTS

GAAP diluted EPS was $0.44, up 109.5% from 4Q17 and down 27.9% QoQCore diluted EPS was $0.54, up 63.6% from 4Q17 and unchanged QoQNet interest income of $40.6 million, down 2.1% QoQ, and 5.6% from 4Q17Net interest margin was 2.55%, down 16bps QoQ and 35bps from 4Q17Non-interest expense decreased 5.4% QoQ and 0.5% from 4Q17GAAP and core ROAE were 9.2% and 11.4%, compared with 12.9% and 11.4%, respectively in 3Q18GAAP and core ROAA were 0.7% and 0.9%, respectively, compared with 1.1% and 1.0% , respectively in 3Q18Sold $120.3 million in lower yielding investment securities, resulting in a loss on sale of... More