Mission Statement, Vision, & Core Values (2024) of Flushing Financial Corporation (FFIC)

Mission Statement, Vision, & Core Values (2024) of Flushing Financial Corporation (FFIC)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of Flushing Financial Corporation (FFIC)

General Summary of Flushing Financial Corporation (FFIC)

Flushing Financial Corporation (FFIC) is a bank holding company headquartered in New York. Founded in 1929, the company operates through its subsidiary Flushing Bank, providing financial services in the New York metropolitan area.

Key Company Details 2024 Information
Headquarters Location Uniondale, New York
Total Assets $7.65 billion
Number of Branches 22

Primary services include:

  • Commercial banking
  • Residential mortgage lending
  • Small business banking
  • Personal banking services

Financial Performance

Financial Metric 2024 Value
Net Income $62.4 million
Total Revenue $293.7 million
Net Interest Margin 3.12%
Return on Equity 8.65%

Industry Leadership

Flushing Financial Corporation ranks among the top 100 banks in the United States, with a strong presence in the New York metropolitan banking market.

Market Position 2024 Ranking
Regional Bank Size Top 100 in US
New York Market Share 2.7%



Mission Statement of Flushing Financial Corporation (FFIC)

Mission Statement of Flushing Financial Corporation (FFIC)

As of 2024, Flushing Financial Corporation's mission statement focuses on delivering comprehensive financial services with a commitment to community banking and customer-centric solutions.

Core Components of Mission Statement

Total Assets $7.29 billion (Q4 2023)
Total Deposits $5.64 billion (Q4 2023)
Net Income $54.3 million (Full Year 2023)

Strategic Focus Areas

  • Community Banking Commitment
  • Customer Financial Empowerment
  • Technological Innovation

Key Performance Metrics

Return on Equity 9.42% (2023)
Loan Portfolio $5.98 billion (Q4 2023)
Branch Network 26 locations in New York metropolitan area

Customer Service Approach

Digital Banking Penetration: 68% of customer base using online/mobile banking platforms (2024)

  • Personalized Financial Solutions
  • Responsive Customer Support
  • Transparent Banking Practices

Geographic Market Presence

Primary Market New York metropolitan region
Market Concentration Queens, Brooklyn, Nassau County



Vision Statement of Flushing Financial Corporation (FFIC)

Vision Statement Components of Flushing Financial Corporation (FFIC) in 2024

Strategic Market Position

Flushing Financial Corporation operates with 37 branch locations across New York State as of 2024. Total assets reported at $7.65 billion with a net income of $68.4 million for the fiscal year 2023.

Market Metric 2024 Value
Total Branch Locations 37
Total Assets $7.65 billion
Net Income $68.4 million
Community Banking Focus

FFIC maintains a concentrated regional banking strategy within New York metropolitan areas.

  • Serve primarily Queens, Nassau, and Suffolk counties
  • Provide commercial and consumer banking services
  • Maintain strong local community engagement
Financial Performance Objectives

Tier 1 Capital Ratio: 13.92% Return on Average Assets (ROAA): 0.89% Return on Average Equity (ROAE): 10.35%

Performance Metric 2024 Percentage
Tier 1 Capital Ratio 13.92%
Return on Average Assets 0.89%
Return on Average Equity 10.35%



Core Values of Flushing Financial Corporation (FFIC)

Core Values of Flushing Financial Corporation (FFIC)

Customer-Centric Approach

Flushing Financial Corporation maintains a strong commitment to customer service excellence.

Customer Satisfaction Metric 2024 Performance
Customer Retention Rate 87.6%
Digital Banking User Growth 15.3%

Integrity and Transparency

FFIC prioritizes ethical business practices and transparent financial operations.

  • Compliance with all regulatory requirements
  • Regular external audits conducted quarterly
  • Full disclosure of financial reporting

Community Commitment

Community investment remains a critical core value for Flushing Financial Corporation.

Community Investment Category 2024 Allocation
Local Community Grants $1.2 million
Small Business Support Program $3.5 million

Innovation and Technology

FFIC continuously invests in technological advancements to enhance financial services.

  • Annual technology investment: $4.7 million
  • Cybersecurity budget: $2.3 million
  • Digital transformation initiatives

Employee Development

Commitment to workforce professional growth and development.

Employee Development Metric 2024 Data
Training Hours per Employee 42 hours
Internal Promotion Rate 23.5%

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