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what it is
It is a New York community bank that gathers local deposits and turns them into mortgages, business loans, and securities income.
how it gets paid
Last year Flushing Finl made $466M in revenue.
why it's growing
Revenue grew 0.2% last year. Revenue rose 201% vs. prior year to $350 million.
what just happened
Revenue hit $350M and EPS reached $0.43, a sharp rebound after the ugly 2024 finish.
At a glance
C++ balance sheet — some cracks in the foundation
20/100 earnings predictability — expect surprises
8.9x trailing p/e — the market's not buying it — or you found a deal
5.9% dividend yield — cash in your pocket every quarter
$0.54 fy2025 eps est
xvary composite: 40/100 — below average
What they do
It is a New York community bank that gathers local deposits and turns them into mortgages, business loans, and securities income.
This is a local bank with real neighborhood roots, not a fintech app with a mascot. It runs banking offices across Queens, Brooklyn, Manhattan, and Long Island, and 567 employees still matter when your business is built on deposits (customer funding) — plain English: people trusting you with their cash — so what: that trust is hard to copy from a phone screen. If your checking account, mortgage, and business loan all sit in one local bank, leaving is a hassle, and that stickiness is the whole point.
How they make money
$466M
annual revenue · their business grew +0.2% last year
total revenue
$466M
+0.2%
The products that matter
takes deposits and makes loans
Flushing Bank
$466.2M interest income
This is the operating core, generating $466.2M in interest income last year. If the deal breaks, this is the business you keep.
core franchise
future loan originations
Loan Pipeline
$276M at year-end 2025
This $276M pipeline is the main internal growth lever in the snapshot. If it turns into funded loans, the standalone case looks less sleepy. If it doesn't, 0.2% growth is still the story.
watch conversion
Key numbers
$579M
deal value
That is the announced value of the OceanFirst merger, which now matters more than almost any standalone forecast for your shares.
5.9%
dividend yield
You are being paid 5.9% a year in cash while the merger plays out, but that income only matters if earnings stop swinging around.
8.9x
trailing p/e
Price-to-earnings → what investors pay for each $1 of profit → so what: 8.9x says the market does not trust those profits to stay stable.
$241M
long-term debt
That debt equals 32% of capital, which means this is not a balance sheet with endless room for bad surprises.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 40 / 100
- long-term debt $241M (32% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for FFIC right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $350M and EPS reached $0.43, a sharp rebound after the ugly 2024 finish.
Revenue rose 201% vs. prior year to $350 million, while EPS increased 43% to $0.43, based on the SEC-verified quarterly figures. Contrast that with 2024 full-year EPS of negative $1.05, and you get the whole story: rebound now, damage still recent.
$117M
revenue
$0.43
eps
+201%
revenue vs. last year
the number that mattered
$0.43 EPS matters because it shows the bank can still produce profit after a 2024 quarter that ended with a $1.61 per-share loss.
source: company earnings report, 2026
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What could go wrong
the #1 risk here is the OceanFirst merger failing, dragging, or simply becoming less attractive as OceanFirst's stock moves around. This is a bank stock, but the near-term thesis is event-driven.
high
merger deal failure
The exchange ratio is fixed at 0.85 OceanFirst shares per FFIC share, valuing the deal at $16.80 and implying roughly a 10% premium. If the transaction breaks, the stock stops trading on deal math and goes back to trading like a bank that grew revenue 0.2% last year.
deal break risk hits the entire thesis
med
shareholder or timing risk
Shareholders vote on 2026-04-02, and mid-2026 is the expected closing window. Even if the deal survives, a delay keeps your capital tied to a low-growth bank while the value you receive continues to move with OceanFirst's stock.
time can erode annualized return
med
buyer-stock volatility
This is a stock-for-stock deal, not a fixed-cash payout. If OceanFirst shares fall before closing, the effective value of 0.85 shares falls too, even if every headline says the merger is still on track.
your exit price can slip without the deal breaking
low
standalone stagnation
If the market has to value FFIC on its own, it gets a $466M-revenue bank with a 7.9% profit margin, 20 / 100 earnings predictability, and a $276M loan pipeline that still needs to turn into funded growth.
thin operating momentum limits downside support
If the deal breaks, you're back owning a bank that traded as low as $11 in the last 52 weeks and grew just 0.2% last year. That is a very different asset from a clean spread capture.
source: institutional data · regulatory filings · risk analysis
Pay attention to
catalyst
2026-04-02 shareholder vote
This is the calendar date that matters most. A yes vote keeps the 0.85-share exchange alive. A no vote resets the whole story.
deal math
OceanFirst share price
Because consideration is 0.85 OceanFirst shares per FFIC share, every move in the buyer's stock changes what FFIC holders receive.
underlying business
revenue growth above 0.2%
If the deal slips, the underlying bank matters again. Right now the business is barely growing, and the latest quarter missed on both revenue and EPS.
growth lever
$276M loan pipeline conversion
This is the one operating number that could make the standalone case less sleepy. If it funds into loans, growth has a pulse. If not, the merger stays the only real story.
Analyst rankings
earnings predictability
20 / 100
Earnings can swing more than you want. In human-speak, this is not the bank you buy for smooth quarterly numbers.
risk rank
3
Middle-of-the-pack safety. You're safer than some small caps, but not insulated from deal risk, timing risk, or a weak standalone rerating.
source: institutional data
Institutional activity
institutional ownership data for FFIC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$15
current price
n/a
target midpoint · n/a from current
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