FLUSHING FINANCIAL CORP Segments Disclosure
23. Segment Reporting
The Company operates as a single unit, therefore, for the purpose of segment reporting we consider the Company as a single reportable segment, a community bank. The Bank revenues are derived principally from interest on loans, our mortgage-backed securities portfolio, and interest and dividends on other investments in our securities portfolio. We also generate non-interest income from loan fees, service charges on deposit accounts, mortgage servicing fees, and other fees, income earned on BOLI, dividends on FHLB-NY stock and net gains and losses on sales of securities and loans.
Flushing Bank’s chief operating decision maker (“CODM”) is the senior executive committee that includes the chief executive officer, chief financial officer, and the chief operating officer. The CODM uses net income (loss) as the measure of segment performance to evaluate the income generated from assets (return on assets) and to evaluate how efficiently the Company leverages its shareholders equity (return on equity) in deciding the most appropriate avenue to reinvest profits.
As we consider the entire entity as one operating segment, please see the Consolidated Statements of Operations for the measure of segment performance, net income and the Consolidated Statements of Financial Condition for segment assets.
The following table presents consolidated net income and other important metrics the CODM will use to evaluate the operations of the Company:
For the years ended December 31, | ||||||||||
2025 | | 2024 | | | 2023 | | ||||
(Dollars in thousands, except per share data) | ||||||||||
Net income (loss) | $ | 18,880 | $ | (31,333) | $ | 28,664 | ||||
Diluted earnings (loss) per common share | $ | 0.54 | $ | (1.07) | $ | 0.96 | ||||
Return on average assets |
| 0.21 | % |
| (0.35) | % |
| 0.34 | % | |
Return on average equity |
| 2.63 | % |
| (4.67) | % |
| 4.25 | % | |
Book value per common share | $ | 20.96 | $ | 21.53 | $ | 23.21 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 6, 2026 | Showing above |
| 2024 | Mar 11, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.