First of Long Island Corp
The First of Long Island Corporation operates as a bank holding company for The First National Bank of Long Island that provides financial services to small and medium market businesses, professional service firms, not-for-profits, municipalities, and consumers in the United States. The company offers business and personal checking products; negotiable order of withdrawal, interest on lawyer, esc… Read more
First of Long Island Corp (FLIC) - Net Assets
Latest net assets as of March 2025: $382.84 Million USD
Based on the latest financial reports, First of Long Island Corp (FLIC) has net assets worth $382.84 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.08 Billion) and total liabilities ($3.69 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $382.84 Million |
| % of Total Assets | 9.39% |
| Annual Growth Rate | 8.03% |
| 5-Year Change | -6.94% |
| 10-Year Change | 50.98% |
| Growth Volatility | 8.09 |
First of Long Island Corp - Net Assets Trend (1989–2024)
This chart illustrates how First of Long Island Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First of Long Island Corp (1989–2024)
The table below shows the annual net assets of First of Long Island Corp from 1989 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $378.87 Million | -0.34% |
| 2023-12-31 | $380.15 Million | +4.28% |
| 2022-12-31 | $364.54 Million | -11.91% |
| 2021-12-31 | $413.81 Million | +1.64% |
| 2020-12-31 | $407.12 Million | +4.63% |
| 2019-12-31 | $389.11 Million | +0.24% |
| 2018-12-31 | $388.19 Million | +9.52% |
| 2017-12-31 | $354.45 Million | +15.90% |
| 2016-12-31 | $305.83 Million | +21.88% |
| 2015-12-31 | $250.94 Million | +7.56% |
| 2014-12-31 | $233.30 Million | +12.95% |
| 2013-12-31 | $206.56 Million | +0.58% |
| 2012-12-31 | $205.37 Million | +8.46% |
| 2011-12-31 | $189.35 Million | +20.84% |
| 2010-12-31 | $156.69 Million | +34.55% |
| 2009-12-31 | $116.46 Million | +13.59% |
| 2008-12-31 | $102.53 Million | +0.14% |
| 2007-12-31 | $102.38 Million | +7.14% |
| 2006-12-31 | $95.56 Million | +5.36% |
| 2005-12-31 | $90.70 Million | +0.51% |
| 2004-12-31 | $90.24 Million | +1.06% |
| 2003-12-31 | $89.29 Million | +4.50% |
| 2002-12-31 | $85.44 Million | +14.31% |
| 2001-12-31 | $74.75 Million | +5.48% |
| 2000-12-31 | $70.87 Million | +10.38% |
| 1999-12-31 | $64.20 Million | -1.38% |
| 1998-12-31 | $65.10 Million | +10.34% |
| 1997-12-31 | $59.00 Million | +8.86% |
| 1996-12-31 | $54.20 Million | +9.94% |
| 1995-12-31 | $49.30 Million | +15.73% |
| 1994-12-31 | $42.60 Million | +8.12% |
| 1993-12-31 | $39.40 Million | +14.53% |
| 1992-12-31 | $34.40 Million | +12.79% |
| 1991-12-31 | $30.50 Million | +9.71% |
| 1990-12-31 | $27.80 Million | +9.45% |
| 1989-12-31 | $25.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First of Long Island Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2045.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $354.05 Million | 93.45% |
| Common Stock | $2.26 Million | 0.60% |
| Other Comprehensive Income | $-57.18 Million | -15.09% |
| Other Components | $79.73 Million | 21.04% |
| Total Equity | $378.87 Million | 100.00% |
First of Long Island Corp Competitors by Market Cap
The table below lists competitors of First of Long Island Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Shenqi Pharmaceutical Investment Management Co Ltd A
SHG:600613
|
$254.23 Million |
|
Tianjin Realty Development Group Co Ltd
SHG:600322
|
$254.30 Million |
|
Refrigeration Electrical Engineering Corp
VN:REE
|
$254.34 Million |
|
Dharma Satya Nusantara Ptdsn
JK:DSNG
|
$254.39 Million |
|
Dodla Dairy Limited
NSE:DODLA
|
$254.18 Million |
|
Magnera Corp placeholder
NYSE:MAGN
|
$254.14 Million |
|
Shenzhen MinDe Electronics Technology Ltd
SHE:300656
|
$253.90 Million |
|
Satellogic V Inc
NASDAQ:SATL
|
$253.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First of Long Island Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 380,146,000 to 378,866,000, a change of -1,280,000 (-0.3%).
- Net income of 17,076,000 contributed positively to equity growth.
- Dividend payments of 18,922,000 reduced retained earnings.
- Share repurchases of 2,218,000 reduced equity.
- Other comprehensive income increased equity by 552,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.08 Million | +4.51% |
| Dividends Paid | $18.92 Million | -4.99% |
| Share Repurchases | $2.22 Million | -0.59% |
| Other Comprehensive Income | $552.00K | +0.15% |
| Other Changes | $2.23 Million | +0.59% |
| Total Change | $- | -0.34% |
Book Value vs Market Value Analysis
This analysis compares First of Long Island Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.71x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 10.12x to 0.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $1.17 | $11.87 | x |
| 1990-12-31 | $1.27 | $11.87 | x |
| 1991-12-31 | $1.42 | $11.87 | x |
| 1992-12-31 | $1.61 | $11.87 | x |
| 1993-12-31 | $1.85 | $11.87 | x |
| 1994-12-31 | $2.01 | $11.87 | x |
| 1995-12-31 | $2.33 | $11.87 | x |
| 1996-12-31 | $2.56 | $11.87 | x |
| 1997-12-31 | $2.81 | $11.87 | x |
| 1998-12-31 | $3.05 | $11.87 | x |
| 1999-12-31 | $3.21 | $11.87 | x |
| 2000-12-31 | $3.54 | $11.87 | x |
| 2001-12-31 | $3.84 | $11.87 | x |
| 2002-12-31 | $4.47 | $11.87 | x |
| 2003-12-31 | $4.76 | $11.87 | x |
| 2004-12-31 | $4.81 | $11.87 | x |
| 2005-12-31 | $5.08 | $11.87 | x |
| 2006-12-31 | $5.49 | $11.87 | x |
| 2007-12-31 | $5.97 | $11.87 | x |
| 2008-12-31 | $6.25 | $11.87 | x |
| 2009-12-31 | $7.08 | $11.87 | x |
| 2010-12-31 | $8.71 | $11.87 | x |
| 2011-12-31 | $9.50 | $11.87 | x |
| 2012-12-31 | $10.14 | $11.87 | x |
| 2013-12-31 | $10.01 | $11.87 | x |
| 2014-12-31 | $11.15 | $11.87 | x |
| 2015-12-31 | $11.80 | $11.87 | x |
| 2016-12-31 | $13.29 | $11.87 | x |
| 2017-12-31 | $14.48 | $11.87 | x |
| 2018-12-31 | $15.25 | $11.87 | x |
| 2019-12-31 | $15.66 | $11.87 | x |
| 2020-12-31 | $17.02 | $11.87 | x |
| 2021-12-31 | $17.41 | $11.87 | x |
| 2022-12-31 | $15.87 | $11.87 | x |
| 2023-12-31 | $16.80 | $11.87 | x |
| 2024-12-31 | $16.66 | $11.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First of Long Island Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.52%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 10.87x
- Recent ROE (4.51%) is below the historical average (12.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 17.32% | 15.66% | 0.09x | 11.72x | $1.86 Million |
| 1990 | 16.55% | 15.18% | 0.09x | 11.79x | $1.82 Million |
| 1991 | 13.77% | 14.00% | 0.09x | 11.43x | $1.15 Million |
| 1992 | 14.53% | 18.12% | 0.08x | 10.66x | $1.56 Million |
| 1993 | 15.74% | 23.31% | 0.07x | 9.68x | $2.26 Million |
| 1994 | 14.08% | 21.43% | 0.07x | 9.30x | $1.74 Million |
| 1995 | 12.58% | 19.56% | 0.07x | 8.63x | $1.27 Million |
| 1996 | 12.73% | 21.23% | 0.07x | 8.13x | $1.48 Million |
| 1997 | 12.54% | 21.51% | 0.07x | 8.22x | $1.50 Million |
| 1998 | 12.87% | 21.98% | 0.07x | 8.60x | $1.83 Million |
| 1999 | 15.42% | 25.38% | 0.07x | 8.89x | $3.48 Million |
| 2000 | 13.15% | 21.50% | 0.07x | 8.83x | $2.23 Million |
| 2001 | 13.50% | 23.51% | 0.06x | 9.15x | $2.62 Million |
| 2002 | 13.53% | 27.26% | 0.05x | 9.27x | $3.02 Million |
| 2003 | 12.73% | 26.45% | 0.05x | 10.24x | $2.44 Million |
| 2004 | 13.39% | 27.42% | 0.05x | 10.17x | $3.06 Million |
| 2005 | 13.54% | 25.31% | 0.05x | 10.41x | $3.21 Million |
| 2006 | 11.75% | 20.68% | 0.06x | 9.98x | $1.67 Million |
| 2007 | 11.21% | 19.59% | 0.05x | 10.44x | $1.24 Million |
| 2008 | 12.64% | 19.65% | 0.05x | 12.30x | $2.71 Million |
| 2009 | 11.56% | 18.18% | 0.04x | 14.38x | $1.82 Million |
| 2010 | 11.74% | 22.89% | 0.05x | 10.92x | $2.72 Million |
| 2011 | 10.28% | 23.52% | 0.04x | 10.68x | $522.30K |
| 2012 | 9.93% | 23.60% | 0.04x | 10.27x | $-144.00K |
| 2013 | 10.31% | 26.01% | 0.03x | 11.62x | $644.40K |
| 2014 | 9.86% | 25.75% | 0.03x | 11.67x | $-316.30K |
| 2015 | 10.32% | 25.66% | 0.03x | 12.47x | $796.40K |
| 2016 | 10.10% | 26.94% | 0.03x | 11.48x | $297.00K |
| 2017 | 9.91% | 27.78% | 0.03x | 10.99x | $-323.00K |
| 2018 | 10.71% | 29.59% | 0.03x | 10.93x | $2.75 Million |
| 2019 | 10.68% | 26.90% | 0.04x | 10.53x | $2.64 Million |
| 2020 | 10.12% | 28.36% | 0.04x | 9.99x | $491.20K |
| 2021 | 10.41% | 31.79% | 0.03x | 9.83x | $1.71 Million |
| 2022 | 12.87% | 32.01% | 0.03x | 11.75x | $10.48 Million |
| 2023 | 6.90% | 16.24% | 0.04x | 11.14x | $-11.78 Million |
| 2024 | 4.51% | 9.52% | 0.04x | 10.87x | $-20.81 Million |
Industry Comparison
This section compares First of Long Island Corp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $16,924,188,763
- Average return on equity (ROE) among peers: 8.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First of Long Island Corp (FLIC) | $382.84 Million | 17.32% | 9.65x | $254.21 Million |
| Ameris Bancorp (ABCB) | $293.77 Million | 7.18% | 9.19x | $4.91 Billion |
| ACNB Corporation (ACNB) | $49.44 Million | 14.38% | 8.56x | $474.47 Million |
| Addiko Bank AG (ADBKF) | $851.70 Million | 0.16% | 5.94x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $117.10 Million | 6.09% | 5.76x | $79.30 Million |
| Absa Group Limited (AGRPF) | $85.20 Billion | 14.06% | 10.26x | $6.72 Billion |
| AIB Group plc (AIBGY) | $13.66 Billion | 4.74% | 8.36x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $62.92 Billion | 9.95% | 6.60x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $5.78 Billion | 1.48% | 10.55x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $18.00 Million | 9.85% | 14.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |