FLIC Stock 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.
No risks detected for FLIC from our risk checks.
First of Long Island Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$18.09|
|52 Week High||US$22.96|
|52 Week Low||US$16.51|
|1 Month Change||-5.19%|
|3 Month Change||-20.48%|
|1 Year Change||-20.34%|
|3 Year Change||-16.90%|
|5 Year Change||-33.49%|
|Change since IPO||1,208.30%|
Recent News & Updates
First of Long Island - A Fair Deal At 1.15x Tangible Book Value
First of Long Island has historically been a pretty dependable bank, rating highly on efficiency and asset quality. Loan growth has been weak recently while the bank's liability-sensitive balance sheet means it won't benefit in the short term from rising interest rates. That said, the valuation compensates for this, with the stock currently trading for around 1.15x tangible book value and 11x 2022 EPS estimates.
|FLIC||US Banks||US Market|
Return vs Industry: FLIC matched the US Banks industry which returned -19.9% over the past year.
Return vs Market: FLIC underperformed the US Market which returned -12.9% over the past year.
|FLIC Average Weekly Movement||4.8%|
|Banks Industry Average Movement||4.0%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||2.9%|
Stable Share Price: FLIC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FLIC's weekly volatility (5%) 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. The company offers business and small business checking, personal checking, negotiable order of withdrawal, interest on lawyer, escrow service, rent security, personal and nonpersonal money market, savings, time deposit, holiday club, and individual retirement accounts. It also provides commercial and residential mortgage, commercial and industrial, small business credit scored, Small Business Administration, construction and land development, consumer, and home equity lines of credit/loans, as well as commercial and standby letters of credit; debit or credit cards; and overdraft facilities.
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
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.90|
|Net Profit Margin||35.83%|
How did FLIC perform over the long term?See historical performance and comparison
4.4%Current Dividend Yield
Is First of Long Island undervalued compared to its fair value and its price relative to the market?
Valuation Score 4/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FLIC ($18.09) is trading below our estimate of fair value ($41.66)
Significantly Below Fair Value: FLIC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FLIC is good value based on its PE Ratio (9.5x) compared to the US Banks industry average (9.7x).
PE vs Market: FLIC is good value based on its PE Ratio (9.5x) compared to the US market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: FLIC is poor value based on its PEG Ratio (5.7x)
Price to Book Ratio
PB vs Industry: FLIC's PB Ratio (1.1x) 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?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FLIC's forecast earnings growth (1.7% per year) is below the savings rate (1.9%).
Earnings vs Market: FLIC's earnings (1.7% per year) are forecast to grow slower than the US market (12.5% per year).
High Growth Earnings: FLIC's earnings are forecast to grow, but not significantly.
Revenue vs Market: FLIC's revenue (3.1% per year) is forecast to grow slower than the US market (7.8% per year).
High Growth Revenue: FLIC's revenue (3.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FLIC's Return on Equity is forecast to be high in 3 years time
How has First of Long Island performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FLIC has high quality earnings.
Growing Profit Margin: FLIC's current net profit margins (35.8%) are lower than last year (36.8%).
Past Earnings Growth Analysis
Earnings Trend: FLIC's earnings have grown by 5.1% per year over the past 5 years.
Accelerating Growth: FLIC's earnings growth over the past year (1.3%) is below its 5-year average (5.1% per year).
Earnings vs Industry: FLIC earnings growth over the past year (1.3%) underperformed the Banks industry 20.9%.
Return on Equity
High ROE: FLIC's Return on Equity (11.3%) is considered low.
How is First of Long Island's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score6/6
Financial Health Score 6/6
Allowance for Bad Loans
Low Risk Liabilities
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: FLIC's Assets to Equity ratio (10.8x) is moderate.
Allowance for Bad Loans: FLIC has a sufficient allowance for bad loans (2452%).
Low Risk Liabilities: 93% 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 (76%).
Low Risk Deposits: FLIC's Loans to Deposits ratio (90%) 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?
Dividend Score 5/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FLIC's dividend (4.42%) is higher than the bottom 25% of dividend payers in the US market (1.58%).
High Dividend: FLIC's dividend (4.42%) is in the top 25% of dividend payers in the US market (4.11%)
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
Earnings Coverage: With its reasonably low payout ratio (42.3%), FLIC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
Discover strong dividend paying companies
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 The First of Long Island Corporation and The First National Bank of Long Island since January 1,...
CEO Compensation Analysis
Compensation vs Market: Chris's total compensation ($USD914.37K) is below average for companies of similar size in the US market ($USD2.59M).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
Experienced Management: FLIC's management team is considered experienced (2.6 years average tenure).
Experienced Board: FLIC's board of directors are seasoned and experienced ( 16.8 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.
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
- Implied Market Cap: US$418.339m
- Shares outstanding: 23.13m
- 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||2022/05/22 00:00|
|End of Day Share Price||2022/05/20 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.