Company Overview
Flushing Financial Corporation operates as the bank holding company for Flushing Bank, a financial institution dedicated to providing banking products and services primarily to consumers, businesses, and governmental units. The company offers a diverse array of deposit products, including checking and savings accounts, money market accounts, and non-interest-bearing accounts, serving as a regional financial entity within the broader financial services sector. Specifically, Flushing Financial Corporation belongs to the Banks - Regional industry, a classification that signifies its focus on localized lending and deposit gathering rather than the nationwide scale of large national banks. The company's current market capitalization stands at $504.19 million, and it generates annual revenue of $226.14 million while employing a workforce of 567 individuals. These financial metrics indicate that Flushing Financial Corporation maintains a mid-cap profile with a revenue base sufficient to support its regional operations but remains significantly smaller than the largest national banking institutions, positioning it as a specialized player within the regional banking landscape.
Financial Health
The company reported revenue of $226.14 million over the trailing twelve-month period, with net income amounting to $18.38 million, while EBITDA is not disclosed in the available data. The substantial gap between the $226.14 million in revenue and the $18.38 million in net income reveals a cost structure heavily influenced by the banking model, where the majority of revenue consists of fee-based deposits and interest income rather than the high-margin sales of goods or services seen in other sectors. Regarding cash flow, the available facts indicate that Free Cash Flow is N/A, meaning specific data on cash generation after capital expenditures is not publicly reported for this entity. The balance sheet shows the company holds $147.36 million in cash against $570.21 million in debt, resulting in a Debt to Equity ratio that is N/A, which suggests the company relies on a mix of equity and debt financing typical for regulated banking institutions. While the Current Ratio is N/A and thus cannot be evaluated for short-term liquidity assessment, the presence of $147.36 million in cash provides a tangible liquidity buffer for meeting immediate obligations. Profitability metrics show a Gross Margin of 0.0%, an Operating Margin of 16.2%, and a Profit Margin of 8.3%, indicating that the core banking business generates no gross margin in the traditional sense due to the nature of deposit and loan operations, while operating and profit margins reflect the efficiency of managing overhead and non-interest expenses. Return on Equity is recorded at 2.6% and Return on Assets at 0.2%, figures that reveal the company's capital efficiency is currently low, suggesting that management effectiveness in generating returns relative to the equity base and total assets is modest compared to industry peers with higher leverage or net interest margins.
Valuation Assessment
The trailing twelve-month P/E ratio is 27.56, whereas the forward P/E ratio is significantly lower at 8.50. This stark difference between the trailing and forward multiples implies that the market expects a dramatic improvement in earnings trajectory, suggesting that current earnings are suppressed by one-time charges or cyclical downturns that are not anticipated to persist. The price-to-book ratio stands at 0.71, indicating that the market values the company at a discount to its book value, which is common for regional banks facing pressure on net interest margins or holding significant loan loss provisions. Alternative valuation metrics such as the price-to-sales ratio of 2.23 and an EV/EBITDA of N/A provide context for valuation when traditional earnings multiples are distorted; the price-to-sales figure suggests the market is pricing the company based on its revenue generation capacity rather than current profitability. The stock has traded between a 52-week high of $17.79 and a 52-week low of $10.65, and without the specific current share price, the exact percentage deviation from the high cannot be calculated, but the range defines the recent volatility envelope. The beta value is 0.83, which means the stock's price volatility is lower than the broader market, indicating that Flushing Financial Corporation tends to move less aggressively than the overall market index during periods of fluctuation.
Growth & Income
Revenue growth year-over-year and earnings growth year-over-year are both listed as N/A, so specific growth rates cannot be stated to determine if earnings are growing faster or slower than revenue. Despite the lack of reported growth rates, the dividend yield is 5.9%, and the payout ratio is 163.0%. This high payout ratio indicates that the company is paying out more in dividends than its current net income supports, a situation often seen in banks with large cash reserves or where dividends are sustained by prior earnings or asset sales rather than current operating profits. Given that the payout ratio exceeds 100%, the sustainability of these dividends is constrained by the current earnings power, as the company is technically distributing more than it currently earns in profit. The overall growth and income profile is characterized by a high dividend yield that may not be fully backed by current earnings growth, presenting a unique risk-reward dynamic for income-focused investors.