Flushing Financial

Flushing Financial helps people and businesses manage money and get loans. Its checking and savings accounts make daily banking simple. The company also supports local governments with financial services.

Products and Services

Deposit Accounts: Checking, savings, and money market accounts for individuals and businesses (revenue share not disclosed).

Real Estate Loans: Mortgages for multi-family, commercial, and residential properties, mainly for New York area clients.

Business Lending: Loans for small businesses, including Small Business Administration (SBA) loans and commercial loans.

Municipal Banking: Services for local governments, schools, and public agencies in the New York region.

Digital Banking: Online banking through iGObanking.com and BankPurely for remote account access.

Investment Products: Mortgage-backed securities and government or corporate bonds for institutional and retail clients.

Growth and Expansion

Loan originations and purchases increased 30.2% year-over-year for the six months ended June 30, 2025.

Brokered deposits declined by 9.8% from December 31, 2024 to June 30, 2025.

No major acquisitions or global market entries reported in the last two years.

What Makes Flushing Financial Stand Out

Flushing Financial concentrates on the New York City area, serving diverse customers, including public sector clients. The company uses conservative lending standards, with most loans backed by real estate and low loan-to-value ratios. It manages interest rate risk with financial tools like swaps and maintains strong regulatory capital levels.

Five Things You Need to Know

Revenue was $116 million in Q3 2025, down 9.7% from Q3 2024.

Net income was $14 million in Q3 2025, up 19.4% year-over-year.

Total assets were $8.78 billion at June 30, 2025, down 2.9% from December 2024.

Loan originations and purchases reached $333.3 million in the first half of 2025, up 30.2% year-over-year.

Non-performing assets rose to $66.1 million (0.75% of assets) at Q2 2025.

Bottom Line

Flushing Financial has adapted by focusing on real estate-backed lending. The company remains rooted in the New York market, balancing growth with conservative risk management.