The First of Long Island Corporation (FLIC) Stock Analysis

The First of Long Island Corporation (FLIC) Financial Services Profile

The First of Long Island Corporation, a regional bank holding company, serves the New York metropolitan area with a focus on small and medium-sized businesses and consumers. Operating through The First National Bank of Long Island, FLIC provides a comprehensive suite of financial services, supported by a network of 40 branches.

What Is the Investment Thesis for FLIC?

The First of Long Island Corporation presents a mixed investment profile. The company's focus on the New York metropolitan area provides a stable customer base, but its relatively high P/E ratio of 15.62 suggests it may be overvalued compared to peers. A profit margin of 8.0% and gross margin of 49.3% indicate reasonable profitability. However, the absence of a dividend yield may deter income-seeking investors. Upcoming catalysts include potential expansion within the New York market and increased adoption of digital banking services. Potential risks include interest rate sensitivity and competition from larger regional and national banks. Investors should closely monitor FLIC's ability to grow its loan portfolio and manage its operating expenses to sustain profitability.

Based on FMP financials and quantitative analysis

FLIC Key Highlights

Market capitalization of $269M indicates a small-cap bank.

• P/E ratio of 15.62 suggests a potentially high valuation compared to peers.
• Profit margin of 8.0% reflects moderate profitability.
• Gross margin of 49.3% indicates a healthy spread between revenue and cost of goods sold.
• Beta of 0.86 suggests lower volatility compared to the overall market.

Who Are FLIC's Competitors?

FLIC is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are FLIC's Key Strengths?

Established presence in the New York metropolitan area.

• Strong relationships with local businesses and customers.
• Comprehensive suite of financial products and services.
• Experienced management team.

What Are FLIC's Weaknesses?

Relatively small size compared to larger regional and national banks.

• Limited geographic diversification.
• High P/E ratio.
• Lack of dividend yield.

What Could Drive FLIC Stock Higher?

Potential expansion within the New York metropolitan area.

• Increased adoption of digital banking services.
• Focus on small business lending.
• Cross-selling financial products.
• Strategic partnerships.

What Are the Key Risks for FLIC?

Financial-distress signal — its Altman Z-Score of -0.62 sits in the distress zone (elevated bankruptcy risk).

• Interest rate sensitivity.
• Economic downturn in the New York area.
• Regulatory changes.
• Competition from larger regional and national banks.
• Cybersecurity threats.

What Are the Growth Opportunities for FLIC?

• Expansion within the New York Metropolitan Area: FLIC can expand its presence by opening new branches or acquiring smaller banks in underserved areas within the New York metropolitan area. This strategy can increase its deposit base and loan portfolio. The market size for banking services in the New York area is substantial, with ongoing demand from small businesses and consumers. Timeline: Ongoing.
• Increased Adoption of Digital Banking Services: FLIC can invest in enhancing its online and mobile banking platforms to attract and retain customers. Digital banking offers convenience and efficiency, appealing to tech-savvy customers. The market for digital banking is growing rapidly, with increasing adoption rates among all age groups. Timeline: Ongoing.
• Focus on Small Business Lending: FLIC can specialize in providing loans and other financial services to small businesses in the New York area. Small businesses are a significant driver of economic growth and require access to capital. The market for small business lending is substantial, with ongoing demand for loans and lines of credit. Timeline: Ongoing.
• Cross-Selling Financial Products: FLIC can increase revenue by cross-selling its various financial products and services to existing customers. This strategy can improve customer loyalty and increase wallet share. The market for cross-selling financial products is significant, with opportunities to offer additional services to existing customers. Timeline: Ongoing.
• Strategic Partnerships: FLIC can form strategic partnerships with other businesses and organizations to expand its reach and offer new services. Partnerships can provide access to new markets and customers. The market for strategic partnerships is diverse, with opportunities to collaborate with various types of organizations. Timeline: Ongoing.

What Are FLIC's Competitive Advantages?

• Established presence in the New York metropolitan area.
• Long-standing relationships with local businesses and customers.
• Strong understanding of the local market.
• Comprehensive suite of financial products and services.

What Does FLIC Do?

Founded in 1927 and headquartered in Glen Head, New York, The First of Long Island Corporation (FLIC) operates as the holding company for The First National Bank of Long Island. The bank provides a wide array of financial services tailored to small and medium-sized businesses, professionals, consumers, municipalities, and other organizations. Its deposit products include business and small business checking, personal checking, negotiable order of withdrawal (NOW) accounts, interest on lawyer (IOLA) accounts, escrow services, rent security accounts, and various savings and money market options, including time deposit accounts, holiday club accounts, and individual retirement accounts (IRAs). FLIC's lending portfolio encompasses commercial and residential mortgages, commercial and industrial loans, small business credit scored loans, Small Business Administration (SBA) loans, construction and land development loans, consumer loans, and home equity lines of credit. Additionally, the bank offers commercial and standby letters of credit and overdraft facilities. Beyond traditional banking services, FLIC provides life insurance, trust, estate and custody services, retail investment services, bill payment, lockbox, ACH, safe deposit box rental, wire transfer, money order, checkbook printing, check, ATM, and online and mobile banking services. The bank also offers investment securities, management, and advisory services. The First National Bank of Long Island operates 40 branches strategically located across the New York metropolitan area, including 17 branches in Nassau County, 15 in Suffolk County, 5 in Queens, 2 in Brooklyn, and 1 in Manhattan.

What Products and Services Does FLIC Offer?

• Provides business and small business checking accounts.
• Offers personal checking and savings accounts.
• Provides commercial and residential mortgage loans.
• Offers commercial and industrial loans.
• Provides Small Business Administration (SBA) loans.
• Offers online and mobile banking services.
• Provides trust, estate, and custody services.
• Offers retail investment services.

How Does FLIC Make Money?

• Generates revenue from interest income on loans.
• Earns fees from deposit accounts and other services.
• Provides trust and wealth management services for a fee.
• Offers investment securities and advisory services.

What Industry Does FLIC Operate In?

The First of Long Island Corporation operates within the regional banking sector, which is characterized by intense competition and evolving customer preferences. The industry is undergoing digital transformation, with increasing adoption of online and mobile banking services. Regional banks face competition from larger national banks and fintech companies. The New York metropolitan area, where FLIC operates, is a highly competitive market with a diverse customer base. The regional banking sector is sensitive to interest rate changes and economic conditions, impacting net interest margins and loan growth.

Who Are FLIC's Key Customers?

• Small and medium-sized businesses in the New York metropolitan area.
• Professionals such as doctors, lawyers, and accountants.
• Consumers residing in the New York metropolitan area.
• Municipalities and other organizations.

The most recent 12 insider filings for The First of Long Island Corporation break down as 12 sales and 0 purchases. On net that is roughly 732K shares disposed (about $0), a signal worth weighing alongside the fundamentals.

The First of Long Island Corporation's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of -0.62 places it in the distress zone, a signal of elevated financial risk.

Return on equity for The First of Long Island Corporation stands at 4.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.4%, showing how much profit it generates from its asset base. FLIC trades at a trailing price-to-earnings ratio of 15.62, below the Financial Services sector average of ~17.50x. Its free cash flow yield is 5.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.13 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 6.4%, the inverse of the P/E and a quick read on earnings relative to price.

The First of Long Island Corporation (FLIC) Valuation Context

Valued at $269M, FLIC is classified as a micro-cap stock.

Company Profile

The First of Long Island Corporation operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Melville, US. The company is led by CEO Christopher D. Becker. FLIC has traded publicly since 1987.

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Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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