Flushing Financial Profit Rises - Quick Facts

(RTTNews) - Flushing Financial Corp. (FFIC) Tuesday reported second-quarter net income of $9.6 million or $0.32 per share, compared with $8.6 million or $0.28 per share last year.

Core earnings for the quarter were $0.33 per share, compared with $0.31 per share a year ago.

Analysts polled by Thomson Reuters estimated earnings of $0.28 per share for the quarter.

Net interest income for the quarter fell to $37.3 million from $38.3 million in the prior year. Non-interest income was $2.2 million, up from $1.1 million.

Analysts estimated revenues of $39.87 million for the quarter.

Net interest margin fell to 3.49 percent from 3.68 percent last year.

A provision for loan losses of $3.5 million was recorded in the quarter, down from $5 million a year ago.