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Flushing Financial Corporation is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol "FFIC". The company is a holding company for Flushing Bank, a New York State-chartered community bank. Here are some key points to note about Flushing Financial Corp.:
History:Flushing Financial Corp was founded in 1994 and has since grown to become one of the largest thrifts in the New York metropolitan area.
Services: Flushing Bank offers a range of financial services to consumers and businesses, including checking and savings accounts, loans, credit cards, mortgages, and investment services.
Financials: As of December 31, 2as17, Flushing Financial Corp had total assets of $5.4 billion, net loans of $4.2 billion, and deposits of $3.9 billion.
Earnings: In the third quarter of 2022, Flushing Financial Corp reported net income of $11.7 million, or $0.42 per diluted share.
Growth: Flushing Financial Corp has expanded its branch network in recent years, opening new locations in Queens, Brooklyn, and Manhattan. The company has also grown its commercial banking platform, including specialty finance businesses, such as factoring and asset-based lending.
Dividend: Flushing Financial Corp pays a quarterly cash dividend of $0.17 per share, representing an annualized dividend yield of 2.3%.
Leadership: John R. Buran is the President and CEO of Flushing Financial Corp. Mr. Buran has led the company since its inception in 1994 and has over 40 years of experience in community banking.
Risk management: Flushing Financial Corp maintains a strong focus on risk management, with a robust risk management framework in place to identify, assess, and manage risks.
Technology: The company has invested heavily in technology, including online and mobile banking platforms, to provide customers with convenient, user-friendly banking services.
Community involvement: Flushing Financial Corp is committed to giving back to the communities it serves through various philanthropic initiatives and sponsorships.
Overall, Flushing Financial Corp. appears to be a well-established community bank with a long history of profitability, a strong focus on risk management, and a commitment to technology and community involvement. However, as with any stock, it's important to do you own research and due diligence before making an investment decision.