The First of Long Island Corporation (NASDAQ: FLIC) is a public holding company that primarily operates through its subsidiary, The First National Bank of Long Island. Headquartered in Glen Head, New York, FLIC is engaged in providing a diverse range of banking services to various customer segments, including personal, commercial, and real estate banking. Established in 1927, the corporation has built a reputation for community-oriented banking, focusing on fostering long-term relationships with its clients.
As of 2023, FLIC has continued to advance its strategies for growth and maintaining profitability amid a competitive banking environment. The corporation offers traditional banking products such as checking and savings accounts, loans, and mortgages, as well as more specialized services like wealth management and investment advice. This diversified approach helps mitigate risks associated with reliance on any single revenue stream.
FLIC’s financial performance has shown resilience, with consistent growth in core earnings and a stable return on equity. The bank has strategically expanded its footprint through both organic growth and prudent acquisitions, allowing it to capture a larger share of the Long Island market. Additionally, The First of Long Island Corporation places a strong emphasis on digital banking solutions, catering to the growing demand for convenient, online access to financial services.
In an era of rising interest rates, FLIC is well-positioned to benefit from improved net interest margins. The management team has expressed optimism about navigating the challenges posed by economic fluctuations, including inflationary pressures and regulatory changes. Through a combination of traditional banking practices and innovative financial solutions, FLIC aims to enhance shareholder value while continuing to serve its community effectively. Overall, The First of Long Island Corporation remains a vital player in the regional banking landscape, committed to growth and customer satisfaction.
As of October 2023, The First of Long Island Corporation (NASDAQ: FLIC) presents an intriguing investment profile that merits close examination. This financial institution primarily operates through its subsidiary, The First National Bank of Long Island, serving both retail and commercial banking clients in the New York metropolitan area.
FIilC has demonstrated resilience despite an evolving economic landscape, marked by rising interest rates and inflationary pressures. In recent quarters, the bank has shown improved net interest margins, which are expected to continue benefiting from a rising rate environment. Given that FLIC's loan portfolio is largely comprised of commercial loans, the bank is likely to see enhanced yields, driving profitability in the forthcoming periods.
However, potential investors should remain attuned to macroeconomic risks. The Federal Reserve's monetary policy decisions will influence borrowing costs and subsequently affect consumer behaviors. If rates continue to rise dramatically, there may be the risk of increased loan defaults, particularly in sectors highly sensitive to interest rates, such as real estate.
Furthermore, while the bank's fundamentals appear solid, including a healthy capital position and consistent dividend payments, competition in the regional banking sector is intensifying. Financial technology firms continue to disrupt traditional banking models, necessitating strategic adaptations to maintain market share.
On a technical analysis front, FLIC's stock price has shown moderate volatility but has recently demonstrated signs of upward momentum. Investors should watch for a confirmed breakout above key resistance levels coupled with strong trading volumes for potential entry points.
In summary, The First of Long Island Corporation could be a suitable addition for conservative investors looking for income and moderate growth potential. However, vigilance in monitoring economic indicators and competitive dynamics will be critical in managing risks associated with this investment.
* MWN AI Summary and Analysis is based on asking OpenAI to summarize and analyze the company and stock symbol.
First of Long Island Corp is a holding company which provides financial services. It offers services of saving account, current account, and capital gain accounts. The company also provides lending services, such as commercial and residential mortgage loans, industrial loans, small business credit scored loans and other credit facilities. In addition, the company provides account reconciliation services, ATM Banking, bill payment, cash management services, mobile banking, online banking, and payroll services to privately owned businesses, professionals, consumers, and public bodies. Revenue earned by the company mainly consists of the interest on loans and investment securities, fees on deposit accounts and income from investment management.
Quote | The First of Long Island Corporation (NASDAQ:FLIC)
Last: | $11.87 |
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Change Percent: | 1.18% |
Open: | $11.73 |
Close: | $11.87 |
High: | $12.2 |
Low: | $11.73 |
Volume: | 314,791 |
Last Trade Date Time: | 05/30/2025 03:12:45 pm |
News | The First of Long Island Corporation (NASDAQ:FLIC)
ENGLEWOOD CLIFFS, N.J., June 25, 2025 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the "Company" or "ConnectOne"), parent company of ConnectOne Bank (the "Bank"), announced the appointment of Robert A. Schwartz as General Counsel, effective June 1, 2025. This strategic appointment...
ENGLEWOOD CLIFFS, N.J., June 02, 2025 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today announced the completion of its previously announced merger with The F...
Message Board Posts | The First of Long Island Corporation (NASDAQ:FLIC)
Subject | By | Source | When |
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whytestocks: $FLIC News Article - The First of Long Island Corporation Announces 5.3% Increase in Qu | whytestocks | investorshangout | 09/24/2021 4:20:49 PM |
whytestocks: $FLIC News Article - The First of Long Island Corporation Announces 5.9% Increase in Qu | whytestocks | investorshangout | 09/27/2019 4:10:43 PM |
whytestocks: $FLIC News Article - The First of Long Island Corporation Announces Second Quarter Cash | whytestocks | investorshangout | 07/01/2019 4:15:46 PM |
DennyT: FLIC 30.26 The First of Long Island Corp $FLIC Hit a 52 week high of 31.92 Closing the day 1 | DennyT | investorshangout | 12/19/2015 1:25:56 AM |
danrocks: FLIC Stock is number 217 for the largest percentage gain out of 250 stocks. $FLIC FLIC is | danrocks | investorshangout | 12/15/2015 8:41:14 PM |
MWN AI FAQ **
Investors should note that The First of Long Island Corporation (FLIC) has shown consistent asset growth and stable earnings, with a focus on improving net interest margins and maintaining strong capital ratios, reflecting resilience amid changing economic conditions.
The First of Long Island Corporation (FLIC) plans to expand its market presence by focusing on strategic acquisitions, enhancing digital banking services, and increasing community engagement initiatives to attract new customers and deepen relationships with existing clients.
Investors in The First of Long Island Corporation (FLIC) should consider risks such as interest rate fluctuations affecting net interest margins, potential declines in asset quality amid economic downturns, and increasing competition in the regional banking sector.
The First of Long Island Corporation (FLIC) is adapting its business strategies by enhancing compliance frameworks, investing in technology to streamline regulatory reporting, and focusing on risk management to align with evolving banking regulations while maintaining customer service excellence.
** MWN AI Questions are based on asking OpenAI to ask and answer four questions about the company and stock symbol.
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ENGLEWOOD CLIFFS, N.J., June 25, 2025 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the "Company" or "ConnectOne"), parent company of ConnectOne Bank (the "Bank"), announced the appointment of Robert A. Schwartz as General Counsel, effective June 1, 2025. This strategic appointment...
ENGLEWOOD CLIFFS, N.J., June 02, 2025 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), today announced the completion of its previously announced merger with The F...
ENGLEWOOD CLIFFS, N.J. and MELVILLE, N.Y., May 06, 2025 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), and The First of Long Island Corporation (Nasdaq: FLIC) (&...