The First of Long Island (FLIC) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.53%. A quarter ago, it was expected that this holding company for The First National Bank of Long Island would post earnings of $0.24 per share when it actually produced earnings of $0.20, delivering a ...

文章核心观点 - 公司在第二季度和上半年的财务指标均有所增长 [2] - 净利息收入下降主要是由于利息支出增加所致 [3][4] - 公司的信贷质量保持良好 [5] - 非利息收入和非利息支出均优于预期 [6][7] 财务分析 上半年业绩 - 净收入和每股收益分别为920万美元和0.41美元,较上年同期下降 [3] - 净利息收入下降19.5%,主要是由于利息支出增加所致 [3][4] - 信贷损失准备金增加160万美元 [3] - 非利息收入(剔除证券出售损失)增加8.8% [6] - 非利息支出下降3.1% [7] - 所得税费用下降140万美元 [3] 第二季度业绩 - 净收入较上年同期下降210万美元,主要是由于净利息收入下降和信贷损失准备金增加 [9] - 薪酬和房租费用分别下降35.4万美元和28.6万美元 [9] - 净利息收入较上一季度增加27万美元 [10] - 薪酬费用较上一季度下降47.4万美元 [10] 流动性和资本 - 存款总额较上年同期下降2.4% [12] - 公司流动性充足,可动用流动性约14亿美元 [12] - 资本充足率约9.91%,高于监管要求 [13] - 每股账面价值为16.71美元 [13]

MELVILLE, N.Y., July 25, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC, the “Company” or the “Corporation”), the parent of The First National Bank of Long Island (the “Bank”), reported earnings for the three and six months ended June 30, 2024. President and Chief Executive Officer Chris Becker commented on the Company's results: "We are encouraged by a quarter of increase in many financial metrics, including both deposit and loan growth during the quarter.  At the end of the fi ...

The First of Long Island (FLIC) shares soared 6.5% in the last trading session to close at $10.93. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6% gain over the past four weeks.Shares of The First of Long Island rallied for the fourth straight trading session. With the Federal Reserve keeping an eye on unemployment reports and cooling inflation numbers, market participants are projecting interest rate cuts as early as during t ...

MELVILLE, N.Y., July 10, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (NASDAQ:FLIC) will host an earnings conference call on July 26, 2024 at 2:00 pm Eastern time to discuss second quarter results. Financial results will be released after the market closes on July 25, 2024. Those that wish to listen to the call over the telephone are invited to dial 1 800-450-7155 (international callers dial +1 857-999-9155) and use conference ID 4165075# approximately 10 minutes prior to the start of the c ...

文章核心观点 - 公司将于2024年7月26日举行第二季度财报电话会议 [1][2][3] - 公司将于2024年7月25日收盘后发布财报 [1] - 公司提供电话和网页两种方式供投资者和分析师参与会议 [2][3] - 会议录音将在会议结束后两天内在公司网页上提供 [4] - 公司专注于长岛和纽约市的商业和消费者需求,提供广泛的贷款、存款、投资和数字产品 [5] 公司概况 - 公司全称为第一长岛公司,是第一国民银行长岛的母公司 [4] - 公司通过以"第一国民银行长岛"为品牌的网点,为中小企业、专业服务公司、非营利组织、地方政府和消费者提供优质的客户体验 [5]

文章核心观点 - 该银行近年来面临严峻挑战,主要由于联邦基金利率快速上升[1][2][3] - 银行的有形净资产账面价值(TBV)增长停滞,主要是由于可供出售证券的公允价值下降[4][5][6] - 银行的盈利能力也出现大幅下滑,净息差从2.34%下降至1.79%[7] - 尽管银行面临诸多问题,但市场反应过于悲观,银行的估值已经处于历史低位[8][9] 根据相关目录分别进行总结 银行概况 - 该银行成立近100年,总部位于纽约梅尔维尔[1] - 银行市值大幅下滑,从2017年末的31美元/股跌至目前不到10美元/股[1][2] - 银行的有形净资产账面价值(TBV)增长停滞,但银行基本面仍然良好[2] 银行面临的挑战 - 可供出售证券的公允价值下降导致银行权益受损,约占银行权益的15%[6] - 银行的净息差从2.34%下降至1.79%,主要是由于存款成本上升未能完全被贷款收益改善所覆盖[7] - 贷款需求骤然下降,银行难以增加贷款规模[7] 银行的未来前景 - 银行管理层预计2024年贷款组合将小幅增长,存款成本增速有所放缓[11][14] - 如果联储开始降息,银行的有形净资产账面价值和净息差有望得到改善[15][16] - 银行的股息收益率高达8.58%,处于历史高位,且股息支付有保障[18][20] - 银行的估值处于历史低位,市盈率仅为0.58倍有形净资产,存在较大上涨空间[22][23][26]

MELVILLE, N.Y., June 28, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (NASDAQ:FLIC) announced today the declaration of a second quarter cash dividend in the amount of $.21 per share. The dividend will be paid on July 18, 2024 to shareholders of record on July 10, 2024. The First of Long Island Corporation is the parent company of The First National Bank of Long Island. Through its branch network branded as First National Bank LI, the Bank focuses on business and consumer needs on Long Islan ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32964 THE FIRST OF LONG ISLAND CORPORATION (Exact name of registrant as specified in its charter) New York 11-26 ...

Exhibit 99.1 April 25, 2024 For More Information Contact: For Immediate Release Janet Verneuille, SEVP and CFO (516) 671-4900, Ext. 7462 THE FIRST OF LONG ISLAND CORPORATION REPORTS EARNINGS FOR THE FIRST QUARTER OF 2024 Melville, New York, April 25, 2024 (GLOBE NEWSWIRE) – The First of Long Island Corporation (Nasdaq: FLIC, the “Company” or the “Corporation”), the parent of The First National Bank of Long Island (the “Bank”), reported net income and earnings per share for the three months ended March 31, 2 ...