Business
Flushing Financial Investment Grade Rating Affirmed by Kroll Bond Rating Agency, Inc. Long Term Outlook Improves
UNIONDALE, NY / ACCESS Newswire / November 7, 2025 / Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced today that Kroll Bond Rating Agency ("KBRA"), a full-service rating ...
About this update from Flushing Financial Corporation
[{"type":"text","content":"UNIONDALE, NY / ACCESS Newswire / November 7, 2025 / Flushing Financial Corporation (the "Company") (Nasdaq:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced today that Kroll Bond Rating Agency ("KBRA"), a full-service rating agency, affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Uniondale, New York-based Flushing Financial Corporation (NASDAQ:FFIC). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for its subsidiary, Flushing Bank. The Outlook for all long-term ratings was revised upward to Stable.","length":762,"tagName":"p"},{"type":"text","content":"According to KBRA's report, the Company and Bank's revision to Stable Outlook was supported by an improvement in core earnings, management's disciplined pricing and conservative underwriting which led to strong credit performance, and a capital ratio improvement.","length":275,"tagName":"p"},{"type":"text","content":"John R. Buran, President and Chief Executive Officer, stated, "We are pleased to receive a revision to Stable Outlook by KBRA, validating the success of our business strategy, conservative underwriting, and strong risk profile which drive our financial performance. We remain focused on continuing to expand our margin, increasing profitability, through ongoing loan repricing and opportunities to reduce deposit costs. The growth of core deposits and the continued diversification of our loan portfolio through originations of adjustable-rate business loans continues to improve our balance sheet mix. We remain well capitalized and positioned to deliver profitable growth and long-term value to our shareholders."","length":725,"tagName":"p"},{"type":"text","content":"About KBRA","length":10,"tagName":"p"},{"type":"text","content":"Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial...