What is Flushing Financial Efficiency Overhead Ratio %?
Efficiency Overhead Ratio % for banks is non-interest expenses divided by revenue. It helps show how well banks control their overhead expenses. A lower Efficiency Overhead Ratio suggests that the bank is operating better.
Flushing Financial's Efficiency Overhead Ratio % for the quarter that ended in Dec. 2023 was 76.69%
, which is higher than
72.33% for the pervious quarter ended in Sep. 2023.
Flushing Financial's Efficiency Overhead Ratio % for the annual that ended in Dec. 2023 was 76.70%
, which is higher than
55.22% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Flushing Financial's Efficiency Overhead Ratio % or its related term are showing as below:
FFIC's Efficiency Overhead Ratio % is not ranked *
in the Banks industry.
Industry Median: * Ranked among companies with meaningful Efficiency Overhead Ratio % only.
Flushing Financial Efficiency Overhead Ratio % Historical Data
The historical data trend for Flushing Financial's Efficiency Overhead Ratio % can be seen below:
* 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.
* Premium members only.
Flushing Financial Efficiency Overhead Ratio % Chart
Competitive Comparison of Flushing Financial's Efficiency Overhead Ratio %
For the Banks - Regional subindustry, Flushing Financial's Efficiency Overhead Ratio %, along with its competitors' market caps and Efficiency Overhead Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Flushing Financial (NAS:FFIC) Efficiency Overhead Ratio % Calculation
Efficiency Overhead Ratio % is calculated as
Efficiency Overhead Ratio %
=
Non-interest Expenses
/
Revenue
* 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.
Flushing Financial (NAS:FFIC) Efficiency Overhead Ratio % Explanation
Efficiency Overhead Ratio % is typically used to analyze how well a company uses its assets and liabilities. It typically calculates the turnover of receivables, the repayment of liabilities, etc. In the banking industry, Efficiency Overhead Ratio % specifically refers to non-interest expenses divided by revenue. This ratio shows how well banks control their overhead expenses and allows analysts to assess their performance.
An Efficiency Overhead Ratio lower than 50% is considered to be optimal. If the Efficiency Overhead Ratio decreases, it means the bank’s expenses are decreasing and revenues are increasing, suggesting the bank is operating better.
Flushing Financial Efficiency Overhead Ratio % Related Terms
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Flushing Financial (Flushing Financial) Business Description
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.
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