Flushing Financial Posts Q4 Loss, Misses Estimates
Flushing Financial Corp. (FFIC) reported a fourth-quarter loss of $49.2 million, or $1.61 per share. Adjusted earnings were 14 cents per share, below the 21 cent consensus estimate.
Revenue totaled $126 million, with adjusted revenue at $57.2 million. For the full year, FFIC posted a loss of $31.3 million, or $1.05 per share, on revenue of $201.4 million.
The results mark a decline from the previous year, when the company reported a fourth-quarter profit of $5.3 million, or 18 cents per share. Annual profit in 2022 totaled $40.5 million, or $1.38 per share.
Flushing Financial is the holding company for Flushing Bank.