Earnings call transcript: OceanFirst posts Q2 2026 core EPS beat after Flushing deal
OceanFirst Financial Corp. (NASDAQ: OCFC) reported Q2 2026 core earnings of $0.43 per share, exceeding analyst estimates, while revenue of $131.33 million fell short of forecasts. The quarter was significantly impacted by the acquisition of Flushing Financial Corp., which increased total assets to approximately $23 billion and expanded OceanFirst's presence in the New York market. The company projects continued net interest margin expansion and a decrease in operating expenses in the latter half of 2026 due to merger synergies.
OceanFirst Financial Corp (OCFC) (Q2 2026) Earnings Call Highlights: Transformational Flushing ...
OceanFirst Financial Corp (OCFC) reported a transformational Q2 2026, with core EPS unchanged quarter-over-quarter but up 39% year-over-year. The quarter was highlighted by the acquisition of Flushing Financial Corporation, adding $8.7 billion in assets, and significant growth in net interest income. Despite strong operational performance, the company recorded a GAAP net loss due to merger-related expenses and a decline in tangible book value, though management is confident in future profitability and balance sheet strengthening.
OceanFirst Financial Q2 Core EPS $0.43 beats estimate on merger gains
OceanFirst Financial Corp. reported Q2 core diluted EPS of $0.43, surpassing analyst estimates due to operational leverage and purchase accounting accretion following its acquisition of Flushing Financial Corporation. While net interest income increased year-over-year, it missed forecasts, indicating challenges in revenue accretion from new assets. The company incurred significant one-time merger expenses, leading to a GAAP net loss despite the core earnings beat.
Flushing Bank layoffs: 174 Uniondale employees to lose jobs
Flushing Bank is set to lay off 174 employees at its Uniondale headquarters, representing half of its workforce there. These layoffs follow the bank's merger with New Jersey-based OceanFirst Financial Corp., completed on June 1. The staff reductions, scheduled from August 10 through December 31, align with common outcomes of bank consolidations, as explained by an economics professor.
FFIC5305497 Bond Profile — Key Metrics
This article provides key metrics for the FFIC5305497 bond issued by Flushing Financial Corporation. It details the bond's coupon rate, issue and maturity dates, outstanding amount, face value, and minimum denomination. The article also describes Flushing Financial Corp.'s business as a bank holding company that attracts retail deposits and invests in various loan types and securities.
OceanFirst Financial (OCFC) Q4 2025 earnings summary
OceanFirst Financial (OCFC) reported strong Q4 2025 results with GAAP EPS of $0.23 and core EPS of $0.41, driven by organic growth and robust asset quality. The company saw a 5% sequential increase in net interest income to $95.3 million and significant loan and deposit growth. OCFC also announced a merger agreement with Flushing Financial Corporation and a $225 million capital raise from Warburg Pincus, alongside positive outlooks for Q1 and full-year 2026.
Flushing Financial Corp highlights its community banking role as investors track regional lenders
Flushing Financial Corp (FFIC), a community-focused bank in the New York metropolitan area, emphasizes its traditional banking model amid a changing credit and interest-rate environment. The company focuses on local lending, such as mortgage and commercial real estate loans, funded primarily by stable customer deposits. Analysts are closely watching how such regional lenders manage interest rate changes through efficient deposit gathering and disciplined underwriting, which are key to maintaining profitability.
Flushing Financial stock holds the line. Bank lending stays the core story.
Flushing Financial Corp. (FFIC) continues to operate as a regional bank focused on the New York metropolitan area, with its stock performance primarily driven by core banking fundamentals such as lending, deposits, and credit quality. Investors should monitor net interest income, loan growth, and funding costs, as these are the main drivers for the company's financial health. The company's stability depends more on its execution in maintaining stable credit metrics and protecting spread income rather than on new product launches or one-time events.
3 US Bank Stocks For Dollar Strength And Earnings Growth
This article identifies three US bank stocks—Colony Bankcorp (CBAN), Norwood Financial (NWFL), and Flushing Financial (FFIC)—that may benefit from dollar strength and earnings growth. It details their operations, market capitalization, and potential advantages like higher interest income and strong dividend yields, while also highlighting risks like dilution and concentrated market exposure. The article suggests these stocks are closely tied to US inflation data and interest rate expectations, making them relevant for investors observing the US dollar's movements.
Flushing Financial Corp (FFIC) Earnings Forecast: Future EPS & Revenue Growth Estimates
This article provides an earnings forecast for Flushing Financial Corp (FFIC), detailing its current earnings forecast score, average price target, and projected EPS and revenue growth. As of June 1, 2026, the company holds an earnings forecast score of 6.00 within the Banking Services industry. Analysts expect FFIC's revenue for the next quarter to be $61.74 million, with a price target of $14.50.
Flushing Financial Corp (FFIC) Revenue Breakdown: Business Segments, Regional Revenue & Profit Contribution
This article provides details on Flushing Financial Corp (FFIC), including its market capitalization, P/E ratio, and current stock price. It highlights that relevant revenue breakdown data by business segment and region has not yet been disclosed by the company. The page on TradingKey serves as a placeholder for financial analysis once the data becomes available.
OCFC: Flushing Merger And Loan Sale Will Support Future Upside
OceanFirst Financial's fair value has been slightly reduced due to updated assumptions following its merger with Flushing Financial. The bank completed its merger with Flushing Financial on June 1, 2026, and a subsequent sale of $1.4 billion in multifamily loans is expected to reduce commercial real estate concentration and support future upside. The updated valuation reflects minor adjustments to the discount rate, revenue growth, net profit margin, and future P/E multiples as the bank integrates the acquisition.
[15-12G] FLUSHING FINANCIAL CORP SEC Filing
This SEC filing, Form 15-12G, indicates that Flushing Financial Corporation (FFIC) has terminated its registration under Section 12(g) of the Securities Exchange Act of 1934 or suspended its duty to file reports. This action is being taken by OceanFirst Financial Corp. as the successor by merger to Flushing Financial Corporation. The filing notes that there are zero holders of record for the common stock as of the certification date, June 11, 2026.
Flushing Financial Corporation Financial Disclosures & Filings
This page provides access to Flushing Financial Corporation's financial disclosures and regulatory filings, helping investors make informed decisions. It lists various documents including earnings releases, quarterly and annual reports, call transcripts, and event transcripts dating from 2021 to 2026. The documents are categorized by year and event type, covering earnings for each quarter and annual reports.
Warburg Pincus LLC Secures Board Seat at OceanFirst Financial with 9.9% Stake
Warburg Pincus LLC has acquired a 9.9% stake in OceanFirst Financial Corp. following its merger with Flushing Financial Corporation. The investment, made for strategic purposes, grants Warburg Pincus a board seat and includes non-voting stock and warrants designed to align with bank regulatory controls. The firm has nominated Todd Schell to OceanFirst’s board and is subject to standstill limits and transfer restrictions.
OceanFirst Purges $1.4B In Rent-Stabilized Multifamily Loans Following Flushing Financial Merger
OceanFirst Financial Corp. is divesting $1.4 billion in multifamily loans, primarily from Flushing Financial Corp.'s portfolio, shortly after completing their merger. This move aims to significantly reduce OceanFirst's exposure to rent-regulated properties in New York City, a market impacted by the 2019 Housing Stability and Tenant Protection Act. The sale is expected to finalize by the end of the second quarter, although details regarding the buyer and price remain undisclosed.
OceanFirst Financial to Sell $1.4 Billion of Multifamily Loans Acquired in Flushing Deal
OceanFirst Financial (OCFC) announced its intention to sell $1.4 billion worth of multifamily loans. These loans were acquired as part of the company's merger with Flushing Financial. This strategic move comes shortly after the completion of the Flushing Financial merger, reflecting ongoing portfolio adjustments.
Flushing Financial (FFIC) EVP’s shares converted to OceanFirst stock at 0.85 ratio
Flushing Financial Corp's EVP, Astrid Burrowes, disposed of all her FFIC common stock, including shares held directly and in her 401(k), due to the company's merger with OceanFirst Financial Corporation. Each FFIC share was converted into 0.85 shares of OceanFirst (OCFC) common stock, with fractional shares paid in cash. This transaction was a routine part of the merger closing, shifting her economic exposure from FFIC to OCFC.
Savings deposits to total deposits of Flushing Financial Corporation – LS:898266
This article displays financial data for Flushing Financial Corporation (LS:898266), specifically focusing on the ratio of savings deposits to total deposits. It provides market data, including a table for "Period", "Value", "Change", and "Change %" without populated figures, and details the data sources.
FFIC4434947 Bond Price and Chart — FINRA:FFIC4434947
This article provides details on the FFIC4434947 bond issued by Flushing Financial Corporation, including its price, key terms, and the issuer's profile. The bond has a coupon rate of 5.25% and matures on December 15, 2026. Flushing Financial Corp. is a bank holding company that offers various banking and financial services and was founded in 1994.
OceanFirst (NASDAQ: OCFC) director acquires stock via Flushing merger
John R. Buran, a director at OceanFirst (NASDAQ: OCFC), acquired 113,265 shares indirectly through a 401(k) plan and 113,329 shares directly as a result of OceanFirst's merger with Flushing Financial Corporation. This transaction, occurring on June 1, 2026, was a non-cash, non-market grant/award acquisition based on an exchange ratio of 0.85 OceanFirst share for every Flushing share. The acquisitions were formally reported via a Form 4 SEC filing, indicating no open-market purchases or sales.
Flushing Financial (FFIC) CEO surrenders shares as OceanFirst merger converts stock
Flushing Financial Corp. President & CEO John R. Buran reported dispositions of common stock due to the company's merger with OceanFirst Financial Corporation. As part of the merger, each Flushing share was converted into 0.85 shares of OceanFirst common stock, and Buran's previously unvested RSUs and PRSUs were either accelerated or converted into service-based OceanFirst RSUs. Following these transactions, Buran no longer beneficially owns any Flushing Financial common stock.
Buonaiuto sheds Flushing Financial (NASDAQ: FFIC) shares as OceanFirst merger closes
Flushing Financial Corp executive Thomas Buonaiuto has disposed of all his common stock in the company following its merger with OceanFirst Financial Corporation. As part of the merger, which closed on June 1, 2026, each share of Flushing common stock was converted into 0.85 shares of OceanFirst common stock, with fractional shares paid in cash. Buonaiuto's unvested restricted stock units and performance restricted stock units were also converted into OceanFirst shares or service-based RSUs.
Merger converts Flushing (NASDAQ: FFIC) exec’s stock into OceanFirst
Michael Bingold, Senior Executive Vice President of Flushing Financial Corp, disposed of all his common shares in Flushing Financial as part of the company's merger with OceanFirst Financial. Each Flushing Financial share was converted into 0.85 shares of OceanFirst common stock, with cash payment for fractional shares. Consequently, Bingold no longer beneficially owns any Flushing Financial common stock.
Uniondale-based Flushing Financial merging into Jersey-based OceanFirst
OceanFirst Financial has completed its $579 million all-stock merger with Flushing Financial, expanding its presence in the deposit-rich markets of Long Island and New York City. The combined entity, with $23 billion in assets and 71 branches, will be led by OceanFirst's Christopher Maher as CEO and Flushing Financial's John Buran as non-executive chairman. This merger is part of a trend of New Jersey-based banks acquiring New York institutions to grow in the region.
[EFFECT] FLUSHING FINANCIAL CORP SEC Filing
This article reports on a new SEC filing for Flushing Financial Corp (FFIC), specifically an EFFECT filing, indicating its effectiveness as of June 2, 2026. The filing's impact and sentiment are rated as neutral. The report also provides an overview of FFIC's stock performance, recent news including Q1 2026 results and dividend declarations, and recent insider trading activities.
Flushing Financial (FFIC) director’s shares converted in OceanFirst merger
Alfred A. DelliBovi, a director at Flushing Financial (FFIC), has disposed of all his common stock in the company due to its merger with OceanFirst Financial Corporation. His 4,800 and 56,685 shares were converted into the right to receive 0.85 shares of OceanFirst common stock for each FFIC share, and he no longer beneficially owns any FFIC stock. Unvested restricted stock units were also converted into OceanFirst service-based RSUs using the same exchange ratio.
[Form 4] FLUSHING FINANCIAL CORP Insider Trading Activity
Douglas J. McClintock, a senior executive at Flushing Financial Corp (FFIC), reported multiple dispositions of common stock following the company's merger into OceanFirst Financial Corporation (OCFC) on June 1, 2026. All FFIC shares, including those in his 401(k) account and direct holdings, were converted into OCFC common stock at an exchange ratio of 0.85 shares of OCFC per FFIC share. McClintock no longer beneficially owns any FFIC common stock after these merger-related transactions.
[Form 4] FLUSHING FINANCIAL CORP Insider Trading Activity
A Form 4 filing reveals that Louis C. Grassi, a director at Flushing Financial Corp (FFIC), disposed of 123,221 shares of common stock at $0.00 per share due to the company's merger with OceanFirst Financial Corporation. Each share of Flushing Financial common stock was converted into 0.85 shares of OceanFirst common stock. As a result, Grassi no longer beneficially owns Flushing Financial common shares, and his unvested restricted stock units were converted into service-based restricted stock units denominated in OceanFirst common stock.
OceanFirst Completes Merger with Flushing Financial
OceanFirst Financial Corp. has completed its $579 million merger with Flushing Financial Corporation, creating a regional bank operating under the OceanFirst brand across 71 branches from Massachusetts to Virginia. Concurrent with the merger, OceanFirst also finalized a $225 million strategic investment from Warburg Pincus. This marks an important milestone for OceanFirst, aiming to deliver enhanced value to clients and accelerate profitable growth for shareholders.
OceanFirst restarts its growth, adds 30 NYC Flushing Bank branches
OceanFirst Financial Corp. has completed its merger with Flushing Financial Corp., a deal initially valued at $579 million. This merger expands OceanFirst Bank's presence by adding 30 branches in New York City, establishing it as a regional bank operating from Massachusetts to Virginia. The acquisition marks a significant step in OceanFirst's growth strategy.
Flushing Financial Corporation(NasdaqGS:FFIC) dropped from S&P Regional Banks Select Industry Index
Flushing Financial Corporation (NasdaqGS:FFIC) has been removed from the S&P Regional Banks Select Industry Index. This news follows several other announcements on May 31st regarding the company's removal from various Russell indices, including Russell Small Cap Comp Value, Russell Microcap Value, and several Russell 2000 and 2500 indices. The article also provides an overview of Flushing Financial Corporation's business as the holding company for Flushing Bank and its financial ratings.
Flushing Financial completes merger with OceanFirst, delists from Nasdaq
Flushing Financial Corporation has completed its merger with OceanFirst Financial Corp., leading to the delisting of Flushing Financial's common stock from Nasdaq. As part of the agreement, Flushing Financial shareholders received 0.85 shares of OceanFirst common stock for each of their shares. This transaction concludes Flushing Financial's independent listing, and all its directors and officers have ceased their roles.
OceanFirst Financial Corp. Completes Merger with Flushing Financial Corporation and $225 Million Strategic Investment from Warburg Pincus
OceanFirst Financial Corp. announced the completion of its merger with Flushing Financial Corporation and a concurrent $225 million strategic investment from Warburg Pincus. This combination creates a significant regional bank operating under the OceanFirst brand with 71 retail branches across New Jersey, New York, Long Island, and Pennsylvania. The merger aims to enhance value for clients, accelerate growth, and generate long-term value for shareholders.
[8-K] FLUSHING FINANCIAL CORP Reports Material Event
Flushing Financial Corporation (FFIC) has completed its merger with OceanFirst Financial Corp. As a result, Flushing Financial Corporation has ceased to exist as a standalone entity, with its common stock being delisted from Nasdaq. Former FFIC shareholders received 0.85 shares of OceanFirst common stock for each share of Flushing common stock they owned, along with cash for any fractional shares.
Flushing Financial (FFIC) withdraws Nasdaq listing under 17 CFR 240.12d2-2
Flushing Financial Corp (FFIC) has filed a Form 25 to remove its Common Stock from listing and registration on the Nasdaq Stock Market LLC. This action signifies a voluntary withdrawal in compliance with 17 CFR 240.12d2-2, indicating that both the Exchange and the issuer followed the necessary procedural rules for delisting. The delisting can lead to reduced visibility, lower trading volume, and wider price swings for the security.
OceanFirst (NASDAQ: OCFC) completes Flushing merger and $225M Warburg Pincus investment
OceanFirst Financial Corp. has successfully completed its merger with Flushing Financial Corporation and a concurrent $225 million strategic investment from Warburg Pincus. This transaction creates a regional bank with approximately $23.5 billion in pro forma assets and expands its presence across New Jersey, New York, and Long Island. Flushing shareholders received 0.85 shares of OceanFirst common stock for each share, and John Buran, former Flushing CEO, has joined OceanFirst's board as non-executive Chairman.
Flushing Financial Announced Transfer or Voluntary Withdrawal of Listing
Flushing Financial (FFIC) has notified Nasdaq of its merger closing, requesting a suspension of trading, withdrawal of its common stock, and the filing of a Form 25 for delisting. Trading ceased on June 1, 2026, and the delisting will become effective upon Form 25's approval. The successor company, OceanFirst, plans to file a Form 15 to terminate registration and reporting obligations.
OceanFirst Financial Corp. Completes Merger with Flushing Financial Corporation and $225 Million Strategic Investment from Warburg Pincus
OceanFirst Financial Corp. has completed its merger with Flushing Financial Corporation and a $225 million strategic investment from Warburg Pincus. This combination creates a larger regional bank with 71 retail branches across New Jersey, New York, Long Island, and major metropolitan areas from Massachusetts through Virginia. The enhanced entity aims to deliver increased value to clients, accelerate profitable growth, and generate long-term shareholder value.
OceanFirst Financial Shareholders Approve All Proposals as Flushing Deal Shapes Growth
OceanFirst Financial shareholders approved all proposals at their 2026 annual meeting, including the election of 13 directors, executive compensation, the 2026 Stock Incentive Plan, and the ratification of Deloitte & Touche as auditor. CEO Christopher Maher highlighted significant growth in the second half of 2025, with $1 billion added in both loans and deposits, and strong credit quality. The acquisition of Flushing is expected to accelerate OceanFirst’s New York expansion and improve profitability metrics.
Flushing Financial Corp stock (US3438731045): OceanFirst merger approval puts focus on valuation metrics
Flushing Financial Corp (FFIC) shares are trading in the mid-teens after shareholders approved an all-stock merger with OceanFirst Financial Corp. The stock, which offers a 5.5% cash dividend yield, is poised for a trading halt in early June. Investors are now focused on merger exchange terms and the combined institution's valuation relative to OceanFirst and other regional banks.
Flushing Financial (FFIC) EVP reports 37,525-share 401K stock shift
Flushing Financial Corp's EVP, Theresa Kelly, reported a routine insider transaction involving a 37,525-share 401K stock shift on May 21, 2026. This discretionary transaction, conducted under Rule 16b-3(f) at $15.85 per share, reallocated shares within the Flushing Bank 401K plan through an interplan sale. Following this activity, Kelly directly holds 49,447 common shares, with her indirect 401K holdings reduced to zero from this transaction.
Flushing Financial CEO John Buran sells $573,663 in stock
John R. Buran, President and CEO of Flushing Financial Corp (NASDAQ:FFIC), sold 36,239 shares of the company's common stock for approximately $573,663 in May 2026. This transaction leaves him with a direct holding of 92,979 shares and an indirect holding of 133,156 shares through the company's 401K plan. Flushing Financial has a history of 31 consecutive years of dividend payments, currently yielding 5.5%, and recently declared a quarterly dividend of $0.22 per share.
Flushing Financial Insider Sold Shares Worth $573,663, According to a Recent SEC Filing
An insider at Flushing Financial recently sold shares worth $573,663, as reported in a new SEC filing. This transaction involved the sale of 25,000 shares at a price of $22.94 each by Director and CEO, John R. Buran. Following this sale, Buran still directly owns 208,610 shares of Flushing Financial.
[144] FLUSHING FINANCIAL CORP SEC Filing
This SEC filing (Form 144) for Flushing Financial Corp (FFIC) details a proposed sale of 37,600 shares of common stock by an individual, acquired through an employer 401k plan in February 2022. The aggregate market value of the shares is $600,000.00, and the sale is expected to occur on or around May 21, 2026, on Nasdaq, via broker Empower.
Flushing Financial CEO John Buran sells $573,663 in stock
Flushing Financial CEO John Buran sold 36,239 shares of company stock for approximately $573,663 on May 21, 2026. Following the sale, Mr. Buran directly holds 92,979 shares and indirectly holds 133,156 shares. The company has a 31-year history of dividend payments with a current 5.5% yield and recently declared a quarterly dividend of $0.22 per share.
Flushing Financial (FFIC) CEO sells 36,239 shares of stock
John R. Buran, President and CEO of Flushing Financial Corp (FFIC), sold 36,239 shares of common stock at $15.83 per share on May 21, 2026. Following this open-market transaction, Buran directly holds 92,979 common shares and indirectly holds 133,156 common shares in a Flushing Bank 401K plan. The sale, valued at approximately $573,663, was reported via a Form 4 SEC filing, indicating a negative sentiment and high impact on the company's insider trading activity.
Loan losses (actual) to total loans of Flushing Financial Corporation – NASDAQ:FFIC
This page displays data regarding the loan losses to total loans for Flushing Financial Corporation (NASDAQ: FFIC). The content is primarily a data table placeholder from TradingView, which also provides general financial market tools and resources for investors. The page indicates options for viewing historical data and includes standard disclaimers about market data sources.
Demand deposits to total deposits of Flushing Financial Corporation – NASDAQ:FFIC
This article provides financial data for Flushing Financial Corporation (NASDAQ: FFIC), specifically focusing on the ratio of demand deposits to total deposits. It indicates that the market was closed at the time of the data display and directs users to TradingView for more financial information and tools.
[144] FLUSHING FINANCIAL CORP SEC Filing
This article details a Form 144 SEC filing by Flushing Financial Corporation (FFIC) on May 20, 2026, concerning a proposed sale of 36,300 shares of common stock by Kevin McHugh. The filing indicates the securities were acquired through equity grants on February 1, 2020, with an aggregate market value of $579,700.00. The notice also includes standard disclaimers regarding material adverse information and intentional misstatements.
