First Of Long Island Corp.
0.0 %
8.99 %
Yet to be announced
Company Overview
The First of Long Island Corporation provides financial services to small and medium-sized businesses, professionals, consumers, municipalities, and other organizations. It operates 40 branches, including 17 branches in Nassau, 15 in Suffolk, 5 in Queens, 2 in Brooklyn, and 1 in Manhattan.
Revenue Sources
Based on the financial data from the last four quarters, lending is the primary business activity of First of Long Island Corporation. This is evident from the interest income comprising the majority of total revenue across all quarters.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $21.81m | $23.61m | $18.6m | $23.61m | 85.28% | 100.00% |
| June 30, 2024 | $21.3m | $24.11m | $18.43m | $24.11m | 86.55% | 100.00% |
| March 31, 2024 | $20.93m | $23.34m | $18.16m | $23.34m | 86.75% | 100.00% |
| Dec. 31, 2023 | $22.36m | $20.97m | $19.96m | $20.97m | 89.28% | 100.00% |
The company's business model is fundamentally based on interest. Both interest income and interest expense make up a significant portion of the company's revenue and expenses respectively. The ratios consistently show that interest is central to the company's operations, as it is a traditional banking institution.
Operational Ethics
Based on available information from SEC filings and company materials, there is no evidence of significant associations with entities involved in human rights violations.
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