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Stock impact report

The First of Long Island Corporation Reports Earnings for the Third Quarter of 2024 [Yahoo! Finance]

The First of Long Island Corporation (FLIC) 
Last the first of long island corporation earnings: 4/30 08:14 am Check Earnings Report
US:NASDAQ Investor Relations: fnbli.com/stock-information.aspx
Company Research Source: Yahoo! Finance
of The First National Bank of Long Island (the “Bank”), reported earnings for the three and nine months ended September 30, 2024. President and Chief Executive Officer Chris Becker commented on the Company's results: "We are encouraged by a second consecutive linked quarter showing improvements in key financial metrics. After an increase in the net interest margin of one basis point in the second quarter of 2024 from the first quarter of 2024, the margin increased nine basis points in the third quarter of 2024 when compared to second quarter of 2024. We are optimistic the trend will continue during the fourth quarter of this year. Excluding merger and branch consolidation expenses, our noninterest expense remains well controlled and in line with expectations. Finally, our credit quality results remained strong." Analysis of Earnings - Nine Months Ended September 30, 2024 Net income and earnings per share ("EPS") for the nine months ended September 30, 2024, were $13.8 million an Show less Read more
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