Flushing Financial Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 26, 2022 at 03:00 am IST
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Flushing Financial Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest income was USD 61.21 million compared to USD 63.36 million a year ago. Net income was USD 23.44 million compared to USD 25.41 million a year ago. Basic earnings per share from continuing operations was USD 0.76 compared to USD 0.81 a year ago. Diluted earnings per share from continuing operations was USD 0.76 compared to USD 0.81 a year ago.
For the nine months, net interest income was USD 189.42 million compared to USD 185.3 million a year ago. Net income was USD 66.7 million compared to USD 63.71 million a year ago. Basic earnings per share from continuing operations was USD 2.15 compared to USD 2.02 a year ago. Diluted earnings per share from continuing operations was USD 2.15 compared to USD 2.02 a year ago.
Flushing Financial Corporation is the holding company for Flushing Bank (the Bank). The Bank offers the products, services, and conveniences associated with large commercial banks, including a full complement of deposit, loan, equipment finance, and cash management services. The Bank's principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, primarily in originations and purchases of multi-family residential properties loans, commercial business loans, commercial real estate mortgage loans and, to a lesser extent, one-to-four family loans; construction loans; small business administration (SBA) loans; mortgage loan surrogates, such as mortgage-backed securities; and United States government securities, corporate fixed-income securities and other marketable securities. The Bank also operates an Internet branch that operates under the brands of iGObanking.com and BankPurely.