| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 36.15 | 195 |
| Intrinsic value (DCF) | 0.53 | -96 |
| Graham-Dodd Method | 5.33 | -57 |
| Graham Formula | 31.32 | 155 |
Flushing Financial Corporation (NASDAQ: FFIC) is the holding company for Flushing Bank, a regional bank serving consumers, businesses, and governmental units in New York. Founded in 1929 and headquartered in Uniondale, New York, the bank operates 24 full-service branches across Queens, Brooklyn, Manhattan, Nassau, and Suffolk County, along with an Internet branch. Flushing Bank offers a comprehensive suite of banking products, including checking and savings accounts, money market accounts, certificates of deposit, and loans such as multi-family residential, commercial real estate, SBA loans, and consumer credit lines. The bank also provides specialized banking services for public municipalities, including counties, school districts, and fire districts. With a focus on community banking, Flushing Financial Corporation plays a vital role in New York’s regional financial ecosystem, catering to diverse customer needs while navigating the competitive landscape of regional banks.
Flushing Financial Corporation presents a mixed investment profile. While its regional focus and diversified loan portfolio provide stability, recent financials show challenges, including a net loss of $31.3 million and negative diluted EPS of -$1.05 in the latest fiscal year. The bank’s beta of 0.832 suggests lower volatility compared to the broader market, which may appeal to risk-averse investors. However, elevated total debt of $962.5 million and declining profitability raise concerns. The dividend yield, supported by a $0.88 per share payout, could attract income-focused investors, but sustainability depends on improved earnings. Investors should weigh the bank’s strong regional presence against macroeconomic risks, including interest rate sensitivity and competitive pressures in the New York banking sector.
Flushing Financial Corporation operates in a highly competitive regional banking landscape dominated by larger institutions and niche players. Its competitive advantage lies in its deep community ties and specialized municipal banking services, which differentiate it from national banks. However, its small scale (market cap ~$403M) limits its ability to compete on pricing and technology investments compared to larger peers. The bank’s loan portfolio, heavily weighted toward multi-family and commercial real estate, exposes it to cyclical risks, though its SBA lending provides diversification. Flushing’s physical branch network in high-density New York areas is a strength but faces pressure from digital-first competitors. While its regional expertise allows for tailored customer relationships, the bank must navigate rising operational costs and regulatory burdens common to smaller institutions. Its ability to maintain deposit stability and loan quality amid economic uncertainty will be critical to sustaining competitiveness against both traditional banks and fintech disruptors.