Overview

* Flushing Financial ( FFIC ) Q3 adjusted EPS of $0.35 beats analyst expectations

* Adjusted net income of $11.96 mln surpasses analyst estimates

* Company reports 5.7% YoY growth in average noninterest-bearing deposits

Outlook

* Flushing Financial ( FFIC ) maintains focus on disciplined underwriting and risk management practices

* Company confident in navigating evolving macroeconomic landscape with strong liquidity

Result Drivers

* NIM EXPANSION - 10 bps increase in GAAP and Core NIM driven by asset repricing and noninterest-bearing deposit growth

* DEPOSIT GROWTH - Average noninterest-bearing deposits grew 5.7% YoY

* CREDIT DISCIPLINE - Maintained credit discipline led to a decline in CRE concentration and stable credit metrics

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $0.35 $0.30 (4

Adjusted Analysts

EPS )

Q3 EPS $0.30

Q3 Beat $11.96 $10.30

Adjusted mln mln (4

Net Analysts

Income )

Q3 Net $10.44

Income mln

Q3 Net $53.82

Interest mln

Income

Q3 $13.67

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for Flushing Financial Corp ( FFIC ) is $14.00, about 6.5% above its October 28 closing price of $13.09

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)