Flushing Financial Corporation Reports 1Q22 GAAP EPS of $0.58 and Core EPS of $0.61

(FFIC)   Report
Record Net Interest Income and Record Low Cost of Funds John R. Buran, President and CEO Commentary UNIONDALE, N.Y., April 26, 2022 (GLOBE NEWSWIRE) — The Company reported first quarter 2022 GAAP EPS of $0.58, down 3.3% YoY, ROAA of 0.91%, and ROAE of 10.83%. For the first quarter, Core EPS of $0.61 increased, 13.0% YoY with ROAA of 0.94% and ROAE of 11.27%. ‘Activity in the New York City area is returning to more normal levels and this is seen in our results: 1Q22 loan closings, excluding SBA Paycheck Protection Program loans (‘PPP’), up 65% YoY and average noninterest bearing deposits up 17% YoY.