Flushing Financial Q2 adjusted EPS beats estimates

Overview

• Flushing Financial Q2 adjusted EPS beats analyst expectations, per LSEG data

• Company's GAAP EPS increased 127.8% YoY to $0.41

• Average noninterest-bearing deposits grew 6.4% YoY

Outlook

• Company to maintain disciplined underwriting standards in H2 2025

• Company focuses on strong liquidity and capital for H2 2025

Result Drivers

• NIM EXPANSION - Net interest margin increased due to balance sheet repositioning and disciplined funding cost management

• DEPOSIT GROWTH - Average noninterest-bearing deposits grew 6.4% YoY, bolstering funding base

• CAPITAL IMPROVEMENT - Tangible common equity to tangible assets ratio improved to 8.04%, enhancing liquidity and capital management

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "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 is $13.50, about 7.4% above its July 23 closing price of $12.50

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nACSJr87pa