Financial Services -
Banks - Regional - NASDAQ - US
$ 11.325
-0.731 %
$ 256 M
Market Cap
14.49
P/E
1. INTRINSIC VALUE
Balance Sheet
The First of Long Island Corporation
| Current Assets | 51.7 M |
| Cash & Short-Term Investments | 38.3 M |
| Receivables | 13.4 M |
| Other Current Assets | 0 |
| Non-Current Assets | 625 M |
| Long-Term Investments | 625 M |
| PP&E | 0 |
| Other Non-Current Assets | 0 |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 457 M |
| Long-Term Debt | 457 M |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
The First of Long Island Corporation
| Revenue | 5.22 M |
| Cost Of Revenue | 0 |
| Gross Profit | 5.22 M |
| Operating Expenses | 85.3 M |
| Operating Income | -118 M |
| Other Expenses | -135 M |
| Net Income | 17.1 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
The First of Long Island Corporation
| Net Income | 17.1 M |
| Depreciation & Amortization | 6.73 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 2.16 M |
| Change in Working Capital | 0 |
| Others | 1.86 M |
| Free Cash Flow | 25 M |
Wall Street Analysts Price Targets
The First of Long Island Corporation
FLIC has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
1.79%
DIVIDEND YIELD
0.21 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
The First of Long Island Corporation
Sold
0-3 MONTHS
61.4 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
2.12 M USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
The First of Long Island Corporation Announces First Quarter Cash Dividend of $.21 per Share
MELVILLE, N.Y., March 13, 2025 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a first quarter cash dividend in the amount of $.21 per share. The dividend will be paid on April 3, 2025 to shareholders of record on March 24, 2025.
globenewswire.com
- 1 month ago
The First of Long Island Corporation Offers Strong Income Ahead Of A Merger
The First of Long Island Corporation offers a 6.5% yield, making it attractive for income investors despite some weakening in operating metrics and return metrics. The bank's asset quality remains strong, with slight improvements in credit loss provisions and stable loan and deposit levels. 2024 saw a decline in revenues and earnings, but the bank had a better H2 2024, with margins improving throughout the year.
seekingalpha.com
- 3 months ago
The First of Long Island Corporation Reports Earnings for the Year Ended December 31, 2024
MELVILLE, N.Y., Jan. 30, 2025 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC, the “Company” or the “Corporation”), the parent of The First National Bank of Long Island (the “Bank”), reported earnings for the quarter and year ended December 31, 2024.
globenewswire.com
- 3 months ago
FIRST OF LONG ISLAND INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The First of Long Island Corporation - FLIC
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of The First of Long Island Corporation (NasdaqCM: FLIC) to ConnectOne Bancorp, Inc. (NasdaqGS: CNOB). Under the terms of the proposed transaction, shareholders of FLIC will receive 0.5175 shares of ConnectOne for each share of FLIC that they own. KSF is seeking to determine whether this consideration and the pro.
businesswire.com
- 3 months ago
FLIC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of the First of Long Island Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of The First of Long Island Corporation (NASDAQ: FLIC) to ConnectOne Bancorp, Inc. for 0.5175 shares of ConnectOne common stock for each share of Long Island common stock is fair to Long Island shareholders. Halper Sadeh encourages Long Island shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@.
businesswire.com
- 4 months ago
The First of Long Island Corporation Announces Fourth Quarter Cash Dividend of $.21 per Share
MELVILLE, N.Y., Dec. 20, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a fourth quarter cash dividend in the amount of $.21 per share. The dividend will be paid on January 9, 2025 to shareholders of record on December 31, 2024.
globenewswire.com
- 4 months ago
First of Long Island Corporation: Q3 Earnings Merit A Buy
The First of Long Island Corporation is a regional bank with a strong Q3 2024 performance, despite slight revenue dips and competitive deposit markets. Margins are improving, loan demand is stable, and asset quality remains strong, supporting our buy recommendation at current levels. The stock offers a 6.7% yield and trades at a discount-to-book value, with book value per share at $17.25 versus $12.70.
seekingalpha.com
- 6 months ago
The First of Long Island Corporation Reports Earnings for the Third Quarter of 2024
MELVILLE, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC, the “Company” or the “Corporation”), the parent of The First National Bank of Long Island (the “Bank”), reported earnings for the three and nine months ended September 30, 2024.
globenewswire.com
- 6 months ago
The First of Long Island Corporation Announces Third Quarter Cash Dividend of $.21 per Share
MELVILLE, N.Y., Oct. 01, 2024 (GLOBE NEWSWIRE) -- The First of Long Island Corporation (Nasdaq: FLIC) announced today the declaration of a third quarter cash dividend in the amount of $.21 per share. The dividend will be paid on October 21, 2024 to shareholders of record on October 11, 2024.
globenewswire.com
- 7 months ago
Shareholder Alert: Ademi LLP investigates whether The First of Long Island Corporation has obtained a Fair Price for its Public Shareholders
MILWAUKEE , Sept. 17, 2024 /PRNewswire/ -- Ademi LLP is investigating First of Long Island (Nasdaq: FLIC) for possible breaches of fiduciary duty and other violations of law in its transaction with ConnectOne.
prnewswire.com
- 7 months ago
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates FLIC and EVBN on Behalf of Shareholders
NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
globenewswire.com
- 7 months ago
FLIC INVESTIGATION: The M&A Class Action Firm Investigates the Merger of First of Long Island Corp. - FLIC
NEW YORK , Sept. 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report.
prnewswire.com
- 7 months ago
8. Profile
Summary
The First of Long Island Corporation FLIC
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 256 M
Dividend Yield
1.79%
Description
The First of Long Island Corporation operates as the holding company for The First National Bank of Long Island that provides financial services to small and medium-sized businesses, professionals, consumers, municipalities, and other organizations. The company offers business and small business checking, personal checking, negotiable order of withdrawal, interest on lawyer, escrow service, rent security, personal and nonpersonal money market, savings, time deposit, holiday club, and individual retirement accounts. It also provides commercial and residential mortgage, commercial and industrial, small business credit scored, Small Business Administration, construction and land development, consumer, and home equity lines of credit/loans, as well as commercial and standby letters of credit; debit or credit cards; and overdraft facilities. In addition, the company offers life insurance, trust, estate and custody, retail investment, bill payment, lockbox, ACH, safe deposit box rental, wire transfer, money order, checkbook printing, check, ATM, and online and mobile banking services, as well as investment securities, management, and advisory services. It operates 40 branches, including 17 branches in Nassau, 15 in Suffolk, 5 in Queens, 2 in Brooklyn, and 1 in Manhattan. The company was founded in 1927 and is headquartered in Glen Head, New York.
Contact
10 Glen Head Road, Glen Head, NY, 11545
https://www.fnbli.com
IPO
Date
Jan. 12, 1987
Employees
265
Officers
Mr. Michael J. Spolarich
Executive Vice President
Ms. Maria E. Doyle CPA
Senior Vice President and Director of Financial Reporting & Controls
Shannon Shakespeare
Senior Vice President & Chief Human Resources Officer
Mr. Richard P. Perro
Executive Vice President
Robert J. Colosa
Senior Vice President & Chief Auditor
Ms. Susanne Pheffer
Executive Vice President
Mr. Christopher J. Hilton DL, FCIArb, MA (Cantab)
Senior Executive Vice President
Mr. Tanweer S. Ansari Esq.
Executive Vice President & Chief Risk Officer
Mr. Christopher D. Becker
President, Chief Executive Officer & Director
Ms. Janet T. Verneuille CPA
Senior Executive Vice President, Chief Financial Officer & Treasurer