Flushing Financial (FFIC) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2023, Flushing Financial (FFIC) reported revenue of $53.49 million, up 14.9% over the same period last year. EPS came in at $0.25, compared to $0.57 in the year-ago quarter.
The reported revenue represents a surprise of +9.53% over the Zacks Consensus Estimate of $48.84 million. With the consensus EPS estimate being $0.23, the EPS surprise was +8.70%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Flushing Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency ratio: 76.7% versus 77.7% estimated by two analysts on average.
Average Interest-Earning Assets: $8.08 billion compared to the $8.08 billion average estimate based on two analysts.
Net Interest Margin: 2.3% versus the two-analyst average estimate of 2.2%.
Other income: $1.14 million versus the two-analyst average estimate of $0.53 million.
Net Interest Income: $46.09 million versus the two-analyst average estimate of $43.85 million.
Banking services fee income: $2.82 million compared to the $2.70 million average estimate based on two analysts.
Total Non-Interest Income: $7.40 million versus the two-analyst average estimate of $5 million.
Federal Home Loan Bank of New York stock dividends: $0.66 million compared to the $0.58 million average estimate based on two analysts.
Bank owned life insurance: $1.17 million compared to the $1.20 million average estimate based on two analysts.
View all Key Company Metrics for Flushing Financial here>>>
Shares of Flushing Financial have returned -1.8% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Flushing Financial Corporation (FFIC) : Free Stock Analysis Report
