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.
First of Long Island Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$20.58|
|52 Week High||US$14.41|
|52 Week Low||US$23.98|
|1 Month Change||-4.41%|
|3 Month Change||-2.28%|
|1 Year Change||42.13%|
|3 Year Change||-5.38%|
|5 Year Change||-6.88%|
|Change since IPO||1,388.38%|
Recent News & Updates
|FLIC||US Banks||US Market|
Return vs Industry: FLIC underperformed the US Banks industry which returned 80% over the past year.
Return vs Market: FLIC exceeded the US Market which returned 35.3% over the past year.
Stable Share Price: FLIC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: FLIC's weekly volatility (3%) has been stable over the past year.
About the Company
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. Its deposit products include business and small business checking, personal checking products, savings accounts, negotiable order of withdrawal accounts, interest on lawyer accounts, escrow service accounts, rent security accounts, time deposits, holiday club accounts, and individual retirement accounts, as well as money market accounts. The company’s loan portfolio comprises commercial and industrial loans, small business credit scored loans, residential and commercial mortgage loans, home equity lines of credit, construction and development loans, small business administration loans, commercial and standby letters of credit, as well as auto, home improvement, and other consumer loans.
First of Long Island Fundamentals Summary
|FLIC fundamental statistics|
Is FLIC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FLIC income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.85|
|Net Profit Margin||36.73%|
How did FLIC perform over the long term?See historical performance and comparison
3.7%Current Dividend Yield
Is First of Long Island undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FLIC ($20.58) is trading below our estimate of fair value ($32.97)
Significantly Below Fair Value: FLIC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FLIC's PE Ratio (11.1x) is in line with the US Banks industry average.
PE vs Market: FLIC is good value based on its PE Ratio (11.1x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: FLIC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FLIC's PB Ratio (1.2x) is in line with the US Banks industry average.
How is First of Long Island forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FLIC's earnings are forecast to decline over the next 3 years (-0.6% per year).
Earnings vs Market: FLIC's earnings are forecast to decline over the next 3 years (-0.6% per year).
High Growth Earnings: FLIC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FLIC's revenue (1.6% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: FLIC's revenue (1.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FLIC's Return on Equity is forecast to be low in 3 years time (9.7%).
How has First of Long Island performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FLIC has high quality earnings.
Growing Profit Margin: FLIC's current net profit margins (36.7%) are higher than last year (36.6%).
Past Earnings Growth Analysis
Earnings Trend: FLIC's earnings have grown by 7.2% per year over the past 5 years.
Accelerating Growth: FLIC's earnings growth over the past year (10.2%) exceeds its 5-year average (7.2% per year).
Earnings vs Industry: FLIC earnings growth over the past year (10.2%) underperformed the Banks industry 36%.
Return on Equity
High ROE: FLIC's Return on Equity (10.5%) is considered low.
How is First of Long Island's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FLIC's Assets to Equity ratio (9.9x) is low.
Allowance for Bad Loans: FLIC has a sufficient allowance for bad loans (11911%).
Low Risk Liabilities: 92% of FLIC's liabilities are made up of primarily low risk sources of funding.
Loan Level: FLIC has an appropriate level of Loans to Assets ratio (71%).
Low Risk Deposits: FLIC's Loans to Deposits ratio (86%) is appropriate.
Level of Bad Loans: FLIC has an appropriate level of bad loans (0%).
What is First of Long Island current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FLIC's dividend (3.69%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: FLIC's dividend (3.69%) is in the top 25% of dividend payers in the US market (3.6%)
Stability and Growth of Payments
Stable Dividend: FLIC's dividends per share have been stable in the past 10 years.
Growing Dividend: FLIC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.2%), FLIC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FLIC's dividends in 3 years are forecast to be well covered by earnings (42% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chris Becker (55 yo)
Mr. Christopher D. Becker, also known as Chris, serves as President, Chief Executive Officer and Director at First of Long Island Corporation and First National Bank of Long Island since January 1, 2020. M...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD1.35M) is about average for companies of similar size in the US market ($USD1.69M).
Compensation vs Earnings: Chris's compensation has increased by more than 20% in the past year.
Experienced Management: FLIC's management team is not considered experienced ( 2 years average tenure), which suggests a new team.
Experienced Board: FLIC's board of directors are seasoned and experienced ( 13.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
The First of Long Island Corporation's employee growth, exchange listings and data sources
- Name: The First of Long Island Corporation
- Ticker: FLIC
- Exchange: NasdaqCM
- Founded: 1927
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$487.864m
- Shares outstanding: 23.71m
- Website: https://www.fnbli.com
Number of Employees
- The First of Long Island Corporation
- 10 Glen Head Road
- Glen Head
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/26 22:08|
|End of Day Share Price||2021/09/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.