First of Long Island CORP

Market Movers (8-K)

The First of Long Island Corporation has officially merged with and into ConnectOne Bancorp, Inc., effective June 1, 2025, resulting in FLIC's delisting from Nasdaq.
ConnectOne Bancorp and The First of Long Island Corporation have received FDIC approval for their merger, with closing anticipated around June 1, 2025, pending further regulatory approvals.
The First of Long Island Corporation's Q1 2025 net income decreased compared to Q1 2024, but increased compared to Q4 2024, influenced by net interest income, provision for credit losses, noninterest expense, and income tax expense.
Worse than expected
The First of Long Island Corporation's first quarter 2025 earnings reveal a slight dip in net income compared to the previous year, influenced by merger-related expenses and changes in tax rates, though showing improvement over the linked quarter.
Worse than expected
Shareholders of ConnectOne Bancorp and The First of Long Island Corporation have approved the proposed merger, paving the way for the creation of a premier New York-metro community bank.
The First of Long Island Corporation reported a decrease in net income for 2024, primarily due to a decline in net interest income and increased expenses, while preparing for a merger with ConnectOne Bancorp, Inc.
Worse than expected

Quarterly Earnings (10-Q)

First of Long Island Corporation's net income for Q1 2025 decreased to $3.8 million, or $0.17 per diluted share, compared to $4.4 million, or $0.20 per diluted share, for the same period in 2024.
Worse than expected
First of Long Island Corporation's Q3 2024 results show a decrease in net income and net interest income compared to the previous year, alongside a pending merger with ConnectOne Bancorp.
Worse than expected
First of Long Island Corporation's net income decreased in the second quarter of 2024 due to a decline in net interest income and an increase in provision for credit losses.
Worse than expected
First of Long Island Corporation's first quarter earnings decreased compared to the same period last year, primarily due to a decline in net interest income.
Worse than expected

Annual Reports (10-K)

First of Long Island Corporation's 2024 results reflect a decrease in net income and earnings per share, influenced by declining net interest income and increased noninterest expenses, while the company progresses towards a merger with ConnectOne Bancorp.
Worse than expected
The First of Long Island Corporation adopts a clawback policy for executive compensation and provides details on its 2023 financial performance, including a decrease in net income and changes in key financial metrics.
Worse than expected

Insider Trading (Form 4)

A recent SEC Form 4 filing reveals that First of Long Island Corp's EVP and Chief Information Officer, Susanne Pheffer, converted her common stock holdings into ConnectOne Bancorp shares as part of the previously announced merger agreement.
Christopher Becker, President and CEO of First of Long Island Corp., has reported the conversion of all his shares in the company into ConnectOne Bancorp, Inc. common stock, signaling the completion of the previously announced merger.
First of Long Island Corp Director Eric Tveter has reported the disposition of all 27,815 shares of FLIC common stock, converting them into ConnectOne Bancorp, Inc. shares as part of the September 2024 merger agreement.
A recent SEC Form 4 filing reveals that John Abbott Root Cooper, a Director of First of Long Island Corp (FLIC), disposed of all his common stock holdings as a result of the company's merger with ConnectOne Bancorp, Inc.
First of Long Island Corp Director Denise Strain reported the disposition of all her 31,104 common shares, which were converted into ConnectOne Bancorp, Inc. stock as part of the previously announced merger.
A recent SEC Form 4 filing reveals that Tanweer Sheikh Ansari, EVP and General Counsel of First of Long Island Corp, disposed of all his common stock holdings as a result of the previously announced merger with ConnectOne Bancorp, Inc.

Proxy Statements (Def-14A)

The First of Long Island Corporation urges shareholders to vote in favor of the proposed merger with ConnectOne Bancorp at the upcoming special meeting on February 14, 2025.
ConnectOne Bancorp and The First of Long Island Corporation have agreed to a merger where FLIC will merge into ConnectOne, pending shareholder and regulatory approvals.
Capital raise
The First of Long Island Corporation will hold its annual meeting of stockholders on April 16, 2024, via live webcast.
Worse than expected

Schedule 13G - Passive Investments

BlackRock, Inc. has filed an Amendment No. 17 to its Schedule 13G, reporting a beneficial ownership of 8.3% of the common stock of First of Long Island Corp as of March 31, 2025.
BlackRock, Inc. has filed an amended Schedule 13G, revealing a beneficial ownership of 11.5% of the common stock of First of Long Island Corp as of December 31, 2024.
Dimensional Fund Advisors LP has reported a 5.1% beneficial ownership stake in First of Long Island Corp, primarily through its role as an investment adviser to various funds.