Flushing Financial (Flushing Financial) Scaled Net Operating Assets : 0.09 (As of Dec. 2023)

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What is Flushing Financial Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Flushing Financial's operating assets for the quarter that ended in Dec. 2023 was $7,733.7 Mil. Flushing Financial's operating liabilities for the quarter that ended in Dec. 2023 was $6,985.3 Mil. Flushing Financial's Total Assets for the quarter that ended in Sep. 2023 was $8,577.3 Mil. Therefore, Flushing Financial's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.09.

Flushing Financial Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Flushing Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(8413.024	-	6985.296)	/	8422.946
=	0.17

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	8537.236	-	124.212
=	8413.024

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7867.399	-	882.103	-	0
=	6985.296

Flushing Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(7733.715	-	6985.296)	/	8577.283
=	0.09

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	8537.236	-	803.521
=	7733.715

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	7867.399	-	882.103	-	0
=	6985.296

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Flushing Financial (Flushing Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Flushing Financial Corp (NAS:FFIC) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

FL8:Germany

Address

220 RXR Plaza, Uniondale, NY, USA, 11556

Website

https://www.flushingbank.com

Flushing Financial Corp operates as a bank holding company, which is engaged in the provision of banking and financial services. The bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, equipment finance, and cash management services through its banking offices. Its principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, primarily in originations and purchases of multi-family residential properties, commercial business loans, commercial real estate mortgage loans, construction loans, small business administration loans and other small business loans.

Executives

Steven J Diorio	director	220 RXR PLAZA, UNIONDALE NY 11556
Maria A Grasso	officer: Executive VP & COO	220 RXR PLAZA, UNIONDALE NY 11556
Louis C Grassi	director	220 RXR PLAZA, UNIONDALE NY 11556
Francis W Korzekwinski	officer: Senior Vice President	220 RXR PLAZA, UNIONDALE NY 11556
Theresa Kelly	officer: Senior Vice President	220 RXR PLAZA, UNIONDALE NY 11556
Douglas J Mcclintock	officer: SEVP	220 RXR PLAZA, UNIONDALE NY 11556
John R Buran	officer: Executive Vice President & COO	220 RXR PLAZA, UNIONDALE NY 11556
Susan Cullen	officer: Executive Vice President	220 RXR PLAZA, UNIONDALE NY 11556
Thomas Buonaiuto	officer: Senior Executive Vice Presiden	ONE SUFFOLK SQUARE, 1601 VETERANS MEMORIAL HWY, ISLANDIA NY 11749
Douglas C Manditch	director	ONE SUFFOLK SQUARE, 1601 VETERANS MEMORIAL HWY, ISLANDIA NY 11749
Michael A Azarian	director	220 RXR PLAZA, UNIONDALE NY 11556
Han Sam Sang Ki	director	220 RXR PLAZA, UNIONDALE NY 11556
Donna M Obrien	director	220 RXR PLAZA, UNIONDALE NY 11556
Roe John E Sr	director	220 RXR PLAZA, UNIONDALE NY 11556
James Davison Bennett	director	220 RXR PLAZA, UNIONDALE NY 11556