Flushing Financial Corporation Reports Unaudited Consolidated Earnings Results for the Quarter and Year Ended December 31, 2018
January 31, 2019 at 05:30 pm
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Flushing Financial Corporation reported unaudited consolidated earnings results for the quarter and year ended December 31, 2018. For the quarter, total interest and dividend income was $67,433,000 compared to $59,697,000 a year ago. Net interest income was $40,636,000 compared to $43,060,000 a year ago. Net income was $12,422,000 compared to $5,957,000 a year ago. Basic earnings per common share was $0.44 compared to $0.21 a year ago.
For the year, total interest and dividend income was $256,998,000 compared to $234,585,000 a year ago. Net interest income was $167,406,000 compared to $173,107,000 a year ago. Net income was $55,090,000 compared to $41,121,000 a year ago. Basic earnings per common share was $1.92 compared to $1.41 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.
FLUSHING FINANCIAL CORPORATION 
