<span item_type="fundamental" item_id="12258c3c1bda8b0ff0308135ca510302" counter_id="ST/US/FLIC" env="prod"></span><span item_type="announcement" item_id="511277647760523521" env="prod"></span><p>EPS: As of FY2025 Q1, the actual value is USD 0.17, missing the estimate of USD 0.21.</p><p>EBIT: As of FY2025 Q1, the actual value is USD 4.243 M.</p><p></p><h3>Financial Metrics by Segment</h3><h4>Net Income</h4><ul><li>Net income for the quarter ended March 31, 2025, was $3.8 million, compared to $4.4 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/740663/000143774925013978/flic20250331_10q.htm"></span></li></ul><h4>Return on Average Assets (ROA) and Return on Average Equity (ROE)</h4><ul><li>ROA for the quarter was 0.37%, and ROE was 3.98%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/740663/000143774925013978/flic20250331_10q.htm"></span></li></ul><h4>Net Interest Margin</h4><ul><li>Net interest margin for the first quarter of 2025 was 1.91%, compared to 1.79% for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/740663/000143774925013978/flic20250331_10q.htm"></span></li></ul><h4>Provision for Credit Losses</h4><ul><li>The provision for credit losses was $168,000 for the first quarter of 2025, whereas no provision was recorded in the first quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/740663/000143774925013978/flic20250331_10q.htm"></span></li></ul><h4>Noninterest Income</h4><ul><li>Noninterest income decreased by $57,000, or 2.1%, mainly due to nonrecurring items in 2024, partially offset by increases in merchant card service fees and BOLI accretion.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/740663/000143774925013978/flic20250331_10q.htm"></span></li></ul><h4>Noninterest Expense</h4><ul><li>Noninterest expense increased by $922,000, or 5.7%, primarily due to merger-related expenses and higher legal fees, partially offset by a decrease in salaries and employee benefits.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/740663/000143774925013978/flic20250331_10q.htm"></span></li></ul><h4>Cash Flow</h4><ul><li>Net cash provided by operating activities was $1,082,000 for the first quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/740663/000143774925013978/flic20250331_10q.htm"></span></li></ul><h4>Liquidity</h4><ul><li>Total average deposits declined by $51.9 million when comparing the first quarters of 2025 and 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/740663/000143774925013978/flic20250331_10q.htm"></span></li><li>The Bank had $653.3 million in collateralized borrowing lines and $204.8 million in unencumbered securities, totaling $878.1 million in available liquidity at March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/740663/000143774925013978/flic20250331_10q.htm"></span></li></ul><h4>Capital</h4><ul><li>The Corporation’s capital position remains strong with a leverage ratio of approximately 10.29% at March 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/740663/000143774925013978/flic20250331_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><h4>Core Business Focus</h4><ul><li>The Corporation anticipates the merger with ConnectOne Bancorp, Inc. will close in the second quarter of 2025, subject to regulatory approvals and customary closing conditions.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/740663/000143774925013978/flic20250331_10q.htm"></span></li></ul><h4>Non-Core Business</h4><ul><li>No share repurchases are expected in the first quarter of 2025 due to the Merger Agreement prohibiting additional share repurchases without ConnectOne’s consent.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/740663/000143774925013978/flic20250331_10q.htm"></span></li></ul>

First Long Island | 10-Q: FY2025 Q1 EPS Misses Estimate at USD 0.17