Flushing Financial (FFIC) Q4 2025 earnings summary

Executive summary

• Fourth quarter and full-year 2025 results reflect net interest margin expansion and growth in noninterest-bearing deposits, supporting a stable funding base.

• Tangible common equity ratio improved to 8.14%, and CRE concentration declined, indicating prudent capital and balance sheet management.

• The company is preparing for a merger with OceanFirst Financial Corp., expected to drive further transformation.

Financial highlights

• 4Q25 GAAP EPS was $0.12, and Core EPS was $0.32, up from $(1.64) and $0.14, respectively, year-over-year.

• Net interest margin (NIM) FTE rose 29 bps YoY and 4 bps QoQ to 2.68%; Core NIM FTE increased 41 bps YoY and 4 bps QoQ to 2.66%.

• Net interest income for 4Q25 was $55.5 million, up 8.3% YoY and 3.1% QoQ.

• Average noninterest-bearing deposits grew 11.6% YoY and 8.6% QoQ, now 12.9% of total deposits.

• Provision for credit losses was $2.7 million, down from $6.4 million YoY but up from $1.5 million QoQ.

• Net charge-offs were $1.8 million (11 bps of average loans), down from $4.7 million YoY but up from $1.1 million QoQ.

• Tangible book value per share was $20.94 at year-end, nearly flat YoY.

Outlook and guidance

• Management highlights a strong loan pipeline of $276 million and liquidity of $3.9 billion as of December 31, 2025.

• The pending merger with OceanFirst Financial Corp. is expected to create new opportunities and drive transformation.