Flushing Financial Corp (FFIC) reported fourth-quarter 2025 net income of $4.03 million, or $0.12 per diluted share. This compares to a GAAP net loss of $49.2 million ($1.64 per share) in the fourth quarter of 2024. Core earnings, which exclude fair value adjustments and merger-related expenses, stood at $0.32 per share for the quarter, missing the Zacks Consensus Estimate of $0.35 but marking a 128.6% increase from the core EPS of $0.14 recorded a year ago.
Total revenue for the quarter was $58.81 million, up 2.8% year-over-year. The bank reported continued Net Interest Margin (NIM) expansion, with its taxable equivalent NIM rising to 2.68%, a 4-basis-point increase sequentially. Full-year 2025 core net income reached $1.22 per share, a 67% increase from $0.73 in 2024. Average noninterest-bearing deposits grew by 12% year-over-year, now comprising 12.9% of the total deposit base.
The regional banking sector remains resilient despite macro pressures affecting SaaS and software-heavy equities, where “seat-count” rationalization has slowed growth. In contrast, regional lenders like FFIC are benefiting from stabilizing funding costs. Analysts at Zacks Research and Raymond James recently adjusted their ratings to “Hold” following the merger announcement. No further analyst rating changes were reported during today’s session.