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FLIC

First of Long IslandNasdaqCM:FLIC Stock Report

Market Cap

US$487.9m

7D

3.0%

1Y

42.1%

Updated

26 Sep, 2021

Data

Company Financials +
FLIC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends6/6

FLIC Overview

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

Summary of all time highs, changes and price drops for First of Long Island
Historical stock prices
Current Share PriceUS$20.58
52 Week HighUS$14.41
52 Week LowUS$23.98
Beta0.58
1 Month Change-4.41%
3 Month Change-2.28%
1 Year Change42.13%
3 Year Change-5.38%
5 Year Change-6.88%
Change since IPO1,388.38%

Recent News & Updates

Shareholder Returns

FLICUS BanksUS Market
7D3.0%3.4%0.1%
1Y42.1%80.0%35.3%

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.

Price Volatility

Is FLIC's price volatile compared to industry and market?
FLIC volatility
FLIC Beta0.58
Industry Beta1.37
Market Beta1

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

FoundedEmployeesCEOWebsite
1927350Chris Beckerhttps://www.fnbli.com

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

How do First of Long Island's earnings and revenue compare to its market cap?
FLIC fundamental statistics
Market CapUS$487.86m
Earnings (TTM)US$43.95m
Revenue (TTM)US$119.67m

11.1x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FLIC income statement (TTM)
RevenueUS$119.67m
Cost of RevenueUS$0
Gross ProfitUS$119.67m
ExpensesUS$75.72m
EarningsUS$43.95m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.85
Gross Margin100.00%
Net Profit Margin36.73%
Debt/Equity Ratio68.1%

How did FLIC perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

41%

Payout Ratio

Valuation

Is First of Long Island undervalued compared to its fair value and its price relative to the market?

37.6%

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.


Future Growth

How is First of Long Island forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-0.6%

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%).


Past Performance

How has First of Long Island performed over the past 5 years?

7.2%

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.


Financial Health

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


Balance Sheet


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%).


Dividend

What is First of Long Island current dividend yield, its reliability and sustainability?

3.69%

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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure


CEO

Chris Becker (55 yo)

1.67yrs

Tenure

US$1,352,191

Compensation

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.


Leadership Team

Experienced Management: FLIC's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

Experienced Board: FLIC's board of directors are seasoned and experienced ( 13.7 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The First of Long Island Corporation's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • The First of Long Island Corporation
  • 10 Glen Head Road
  • Glen Head
  • New York
  • 11545
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 22:08
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.