Earnings Call Summary | First of Long Island(FLIC.US) Q1 2024 Earnings Conference
Earnings Call Summary | First of Long Island(FLIC.US) Q1 2024 Earnings Conference
The following is a summary of the The First of Long Island Corporation (FLIC) Q1 2024 Earnings Call Transcript:
以下是長島第一公司（FLIC）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
The First of Long Island Corporation's capital remains strong with a leverage ratio of 10%.
There was a 6% increase in C&I loans since year-end.
Non-interest income for Q1 slightly exceeded the company's guidance.
Net income for Q1 decreased year-over-year due to lower net interest income and credit provision for loan losses.
First of Long Island repurchased company shares worth $2 million.
長島公司的第一筆資本仍然強勁，槓桿率爲10％。
自年底以來，C&I貸款增長了6％。
第一季度的非利息收入略高於公司的預期。
由於淨利息收入和貸款損失信貸準備金減少，第一季度的淨收入同比下降。
長島首先回購了價值200萬美元的公司股票。
Business Progress:
業務進展：
The firm is expanding its services with a new technology platform for future growth and is set to open a fourth branch.
Despite a challenging environment, FLIC maintains its commitment to high credit quality and long-standing relationships.
It also achieved stability in its commercial and consumer relationship deposits.
Share buybacks are being considered dependent on their capital position.
Progress in the REIT context is expected with tax benefits starting to max out.
該公司正在通過新的技術平台擴展其服務，以實現未來的增長，並準備開設第四個分支機構。
儘管環境充滿挑戰，但FLIC仍然致力於提高信貸質量和長期合作關係。
它還實現了商業和消費者關係存款的穩定。
股票回購被認爲取決於其資本狀況。
隨着稅收優惠開始最大化，房地產投資信託基金背景下預計將取得進展。
More details: First of Long Island IR
更多詳情： 長島第一個 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。