Flushing Financial returns to profit in Q1 FY26, net income $5.8 million

Flushing Financial Corporation

Flushing Financial Corporation

FFIC

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  • Flushing Financial returned to profit in the quarter, posting net income of $5.8 million, or $0.17 per diluted share, versus a net loss of $9.8 million a year earlier.
  • Net interest income rose 4.2% to $55.2 million as net interest margin widened 16 basis points to 2.67%.
  • Non-interest expense fell 21.6% to $46.8 million, reflecting a $17.6 million goodwill impairment charge recorded in the year-ago quarter.
  • Total assets increased 2% to $8.86 billion, driven by a 17.2% rise in available-for-sale securities to $1.63 billion.
  • Non-performing assets climbed 15.9% to $68.2 million, lifting the ratio to 0.77% of total assets, while the company reiterated the OceanFirst deal is expected to close no later than June 1, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Flushing Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-058606), on May 11, 2026, and is solely responsible for the information contained therein.