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Here's What Key Metrics Tell Us About Flushing Financial (FFIC) Q3 Earnings

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Flushing Financial (FFIC - Free Report) reported $47.9 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 31.8%. EPS of $0.31 for the same period compares to $0.62 a year ago.

The reported revenue represents a surprise of +2.89% over the Zacks Consensus Estimate of $46.56 million. With the consensus EPS estimate being $0.25, the EPS surprise was +24.00%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Flushing Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Efficiency ratio: 72.3% compared to the 75.5% average estimate based on two analysts.
  • Net Interest Margin: 2.2% versus 2.1% estimated by two analysts on average.
  • Average Interest-Earning Assets: $8.02 billion versus the two-analyst average estimate of $8 billion.
  • Other income: $0.28 million versus the two-analyst average estimate of $0.99 million.
  • Net Interest Income: $44.43 million versus $42.29 million estimated by two analysts on average.
  • Banking services fee income: $2.64 million compared to the $1.76 million average estimate based on two analysts.
  • Federal Home Loan Bank of New York stock dividends: $0.62 million versus the two-analyst average estimate of $0.55 million.
  • Total Non-Interest Income: $3.48 million compared to the $4.28 million average estimate based on two analysts.
View all Key Company Metrics for Flushing Financial here>>>

Shares of Flushing Financial have returned -4.2% over the past month versus the Zacks S&P 500 composite's -2.8% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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