The First of Long Island Corporation Offers Strong Income Ahead Of A Merger
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The First of Long Island Corporation offers a 6.5% yield, appealing to income investors despite some weakening in operating metrics. The bank's asset quality is strong, with stable loan and deposit levels. Revenues and earnings declined in 2024, but margins improved in H2 2024.
January 31, 2025 | 5:30 pm
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The First of Long Island Corporation offers a 6.5% yield, making it attractive for income investors. Despite some weakening in operating metrics, the bank's asset quality remains strong with stable loan and deposit levels. Margins improved in H2 2024.
The 6.5% yield makes FLIC attractive to income investors, which could support the stock price. Despite some weakening in operating metrics, the strong asset quality and improved margins in H2 2024 are positive indicators. The upcoming merger could also create additional interest in the stock.
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RELEVANCE 100