---
title: "First Long Island | 10-Q: FY2025 Q1 EPS Misses Estimate at USD 0.17"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/238443768.md"
datetime: "2025-05-01T12:35:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/238443768.md)
  - [en](https://longbridge.com/en/news/238443768.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/238443768.md)
generator: "portal-rs"
---

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

EPS: As of FY2025 Q1, the actual value is USD 0.17, missing the estimate of USD 0.21.

EBIT: As of FY2025 Q1, the actual value is USD 4.243 M.

### Financial Metrics by Segment

#### Net Income

-   Net income for the quarter ended March 31, 2025, was $3.8 million, compared to $4.4 million for the same period in 2024.

#### Return on Average Assets (ROA) and Return on Average Equity (ROE)

-   ROA for the quarter was 0.37%, and ROE was 3.98%.

#### Net Interest Margin

-   Net interest margin for the first quarter of 2025 was 1.91%, compared to 1.79% for the same period in 2024.

#### Provision for Credit Losses

-   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.

#### Noninterest Income

-   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.

#### Noninterest Expense

-   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.

#### Cash Flow

-   Net cash provided by operating activities was $1,082,000 for the first quarter of 2025.

#### Liquidity

-   Total average deposits declined by $51.9 million when comparing the first quarters of 2025 and 2024.
-   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.

#### Capital

-   The Corporation’s capital position remains strong with a leverage ratio of approximately 10.29% at March 31, 2025.

### Future Outlook and Strategy

#### Core Business Focus

-   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.

#### Non-Core Business

-   No share repurchases are expected in the first quarter of 2025 due to the Merger Agreement prohibiting additional share repurchases without ConnectOne’s consent.

### Related Stocks

- [FLIC.US](https://longbridge.com/en/quote/FLIC.US.md)

## Related News & Research

- [ConnectOne Bancorp, Inc. Q2 2026: Revenue $200.8M, EPS $0.8— 10-Q Summary](https://longbridge.com/en/news/294858390.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**