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, public bodies, and other organizations.
No risks detected for FLIC from our risk checks.
Flawless balance sheet established dividend payer.
Share Price & News
How has First of Long Island's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FLIC has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FLIC underperformed the US Banks industry which returned 1.2% over the past year.
Return vs Market: FLIC underperformed the US Market which returned 10.2% over the past year.
Price Volatility Vs. Market
How volatile is First of Long Island's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StThis Insider Has Just Sold Shares In The First of Long Island Corporation (NASDAQ:FLIC)
2 weeks ago | Simply Wall StWhat Kind Of Shareholders Own The First of Long Island Corporation (NASDAQ:FLIC)?
1 month ago | Simply Wall StWhy The First of Long Island Corporation's (NASDAQ:FLIC) High P/E Ratio Isn't Necessarily A Bad Thing
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 ($22.21) is trading below our estimate of fair value ($25.66)
Significantly Below Fair Value: FLIC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FLIC is poor value based on its PE Ratio (13.2x) compared to the Banks industry average (12.1x).
PE vs Market: FLIC is good value based on its PE Ratio (13.2x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: FLIC is poor value based on its PEG Ratio (56.4x)
Price to Book Ratio
PB vs Industry: FLIC is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.1x).
How is First of Long Island forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FLIC's forecast earnings growth (0.2% per year) is below the savings rate (1.7%).
Earnings vs Market: FLIC's earnings (0.2% per year) are forecast to grow slower than the US market (13.2% per year).
High Growth Earnings: FLIC's earnings are forecast to grow, but not significantly.
Revenue vs Market: FLIC's revenue (2% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: FLIC's revenue (2% 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 (10.2%).
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 (37.5%) are lower than last year (38.6%).
Past Earnings Growth Analysis
Earnings Trend: FLIC's earnings have grown by 13.1% per year over the past 5 years.
Accelerating Growth: FLIC's earnings growth over the past year (0.2%) is below its 5-year average (13.1% per year).
Earnings vs Industry: FLIC earnings growth over the past year (0.2%) underperformed the Banks industry 11.9%.
Return on Equity
High ROE: FLIC's Return on Equity (10.7%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: FLIC has a low level of unsold assets or inventory.
Debt Coverage by Assets: FLIC's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: FLIC's level of assets compared to its equity is moderate.
Allowance for Bad Loans: FLIC has a sufficient allowance for bad loans.
Low Risk Liabilities: FLIC's liabilities are made up of primarily low risk sources of funding.
Loan Level: FLIC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FLIC's loans are broadly funded by customer deposits.
Level of Bad Loans: FLIC has an appropriate level of bad loans (0.03%)
What is First of Long Island's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FLIC's dividend (3.24%) is higher than the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: FLIC's dividend (3.24%) is low compared to the top 25% of dividend payers in the US market (3.96%).
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 (41.5%), 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 (42.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chris Becker (53yo)
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 ($USD675.35K) is below average for companies of similar size in the US market ($USD1.75M).
Compensation vs Earnings: Chris's compensation has increased by more than 20% in the past year.
|Executive VP & Commercial Banking Division - Executive||2.1yrs||US$514.99k||0.035% $186.1k|
|Executive VP||0.08yrs||no data||0.0053% $28.1k|
|Senior VP & Chief Accounting Officer||0yrs||no data||0.019% $102.4k|
|Executive Vice President||0yrs||US$526.47k||0.50% $2.7m|
|Executive Vice President||11.1yrs||no data||0.091% $484.5k|
|VP & Chief Auditor||8.3yrs||no data||no data|
|Executive Vice President||0yrs||no data||0.018% $97.6k|
|Executive VP & Chief Risk Officer||0.7yrs||no data||no data|
|Controller||0yrs||no data||no data|
Experienced Management: FLIC's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
|Chairman of the Board||14.8yrs||US$184.76k||0.59% $3.1m|
|Independent Director||42.1yrs||US$84.45k||0.83% $4.4m|
|Independent Director||27.8yrs||US$89.34k||1.67% $8.9m|
|Independent Director||6.4yrs||US$84.00k||0.047% $248.3k|
|Independent Director||16.8yrs||US$100.25k||0.16% $868.9k|
|Member of Business Advisory Board||0yrs||no data||no data|
|Member of Business Advisory Board||0yrs||no data||no data|
|Independent Director||12.1yrs||US$87.75k||0.13% $681.6k|
Experienced Board: FLIC's board of directors are seasoned and experienced ( 15.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FLIC insiders have only sold shares 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 company bio, 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$531.588m
- Shares outstanding: 23.93m
- Website: https://www.fnbli.com
Number of Employees
- The First of Long Island Corporation
- 10 Glen Head Road
- Glen Head
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FLIC||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Jan 1987|
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, public bodies, and other organizations. Its deposit products include business and small business checking, personal checking products, savings accounts, negotiable order of withdrawal accounts and IOLA, escrow service accounts, rent security accounts, time deposits, holiday club accounts, and individual retirement accounts, as well as money market products. 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 loans, and commercial and standby letters of credit, as well as auto, home improvement, and other consumer loans. It also offers account reconciliation services, ACH origination, ATM banking and deposit automation, bank by mail, bill payment, cash management services, collection services, controlled disbursement accounts, foreign currency sales and purchases, healthcare remittance automation, debit cards, lock box services, merchant credit card services, and mobile capture services, as well as mutual funds, annuities, and life insurance. In addition, the company provides night depository services, payroll services, personal money orders, remote deposit, safe deposit boxes, securities transactions, signature guarantee services, travelers checks, investment management and trust services, domestic and international wire transfers, and withholding tax depository services, as well as drive-through, mobile, online, and telephone banking services. It operates through a network of 51 branches, including 6 full-service branches in Queens, 3 in Brooklyn, and 2 commercial banking offices in Manhattan. The First of Long Island Corporation was founded in 1927 and is headquartered in Glen Head, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 23:36|
|End of Day Share Price||2020/02/26 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.