The First of Long Island stock (US3210561022): shares steady after Q1 update as investors watch regional bank backdrop

The First of Long Island stock traded broadly in line with the wider U.S. regional bank space on Nasdaq on 06/03/2026, with the shares changing hands around the mid-teens in USD during the session after the bank’s recent first-quarter 2026 update highlighted stable profitability and ongoing credit discipline in its New York franchise, according to Nasdaq price data as of 06/03/2026 and the company’s April 2026 filings.

The United States-based community bank, which is listed on Nasdaq under the ticker FLIC, reported first-quarter 2026 net income attributable to common shareholders of USD 8.6 million, or USD 0.38 per diluted share, for the period ended 03/31/2026, compared with USD 8.1 million, or USD 0.36 per diluted share, a year earlier, according to the company’s earnings release filed with the SEC on 04/25/2026.

Management also disclosed in that 04/25/2026 update that net interest income for Q1 2026 came in at approximately USD 25.3 million versus USD 24.5 million in the prior-year quarter, while the net interest margin remained under pressure from the higher-for-longer Federal Reserve rate environment despite incremental loan repricing benefits, as detailed in the same first-quarter 2026 report.

The bank’s April 2026 communication further noted that noninterest income for Q1 2026 was roughly USD 1.7 million, with service charges, fee-based products, and bank-owned life insurance income contributing to the line, while noninterest expense of about USD 15.9 million reflected continued spending on technology, talent, and regulatory compliance as of the 03/31/2026 quarter-end.

On the balance sheet side, The First of Long Island indicated that total loans stood at about USD 3.5 billion and total deposits at roughly USD 3.8 billion as of 03/31/2026, with management emphasizing in its 04/25/2026 filing that deposit costs remain a key area of focus as competition for funding among U.S. regional and community banks stays intense.

Capital ratios remained above regulatory well-capitalized thresholds, with the bank’s common equity tier 1 and total risk-based capital ratios supported by retained earnings in Q1 2026, according to the same SEC-filed document dated 04/25/2026, which also underlined a conservative risk appetite and a focus on relationship-based lending in the New York market.

For income-oriented investors tracking U.S. bank dividends, The First of Long Island’s board declared a quarterly cash dividend of USD 0.21 per share for the quarter, payable in May 2026 to shareholders of record in early May, as set out in the dividend announcement released in conjunction with or shortly after the 04/25/2026 earnings communication.

In U.S. dollar terms on Nasdaq, the stock’s calm trading on 06/03/2026 stands in contrast to some of the volatility seen in the broader regional bank index over the past year, as investors continue to monitor deposit stability, commercial real estate exposures, and interest rate expectations across the U.S. banking sector.

As of: 06/03/2026

By the editorial team - specialized in equity coverage.

The First of Long Island: core business model

The First of Long Island primarily operates as a relationship-focused community bank in the New York metropolitan area, earning most of its revenue from interest on a diversified portfolio of real estate and commercial loans funded by local retail and commercial deposits.

The First of Long Island in peer comparison

Within the U.S. regional and community banking universe, The First of Long Island is often compared with peers such as New York Community Bancorp and Valley National Bancorp, which also concentrate on the broader New York and Northeast corridor, though they differ in size, business mix, and balance sheet complexity.

While The First of Long Island reported first-quarter 2026 net income of USD 8.6 million on a balance sheet of roughly USD 4.5 billion in total assets, New York Community Bancorp and Valley National Bancorp each operate with significantly larger asset bases and more diversified revenue streams, underscoring The First of Long Island’s positioning as a smaller, more locally oriented franchise in the competitive Northeast banking landscape.

Conclusion

The First of Long Island’s shares traded steadily on Nasdaq on 06/03/2026 as investors continued to digest the community bank’s first-quarter 2026 results, which showed modest year-over-year profit growth and solid capital levels.

Against a backdrop where regional and community banks are still under scrutiny for funding costs and credit risk, the company’s focus on its New York customer base and conservative balance sheet positioning distinguishes it within a peer group that includes larger players such as New York Community Bancorp and Valley National Bancorp.

How the bank navigates interest rate developments, deposit pricing, and competitive dynamics in its core Long Island and New York metropolitan markets will likely remain central themes for market watchers following the stock in the coming quarters.

Disclaimer: This article does not constitute investment advice. The comprehensive scope of this informative article was made possible through the use of a.i.. Stocks are volatile financial instruments.