In the Q1, Flushing Financial Corporation's corporate clients experienced a reduction by -6.37 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -12.03 %. During the corresponding time, Flushing Financial Corporation recorded a revenue increase by 2.28 % year on year, sequentially revenue fell by -1.95 %. While revenue at the Flushing Financial Corporation's corporate clients fell by -7.76 % year on year, sequentially revenue fell by -12.26 %.
Customers of Flushing Financial Corporation saw their costs of revenue decrease by -6.37 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -12.03 %, for the same period Flushing Financial Corporation recorded revenue increase by 2.28 % year on year, sequentially revenue fell by -1.95 %.
Flushing Financial's Comment on Sales, Marketing and Customers
The company competes for deposits and loans primarily within its market and nationally through brokered deposits. Its competitors include financial institutions, mortgage banks, and insurance companies operating locally and online. Competition factors include deposit and loan types, interest rates, loan terms, and responsiveness to customer requests. The company serves multi-ethnic communities with personal and small business banking needs, utilizing marketing, technology, and customer service to attract deposits. Loan growth depends on timely responses and maintaining a network of brokers and business sources.
Flushing Financial’s Comment on Sales, Marketing and Customers
The company competes for deposits and loans primarily within its market and nationally through brokered deposits. Its competitors include financial institutions, mortgage banks, and insurance companies operating locally and online. Competition factors include deposit and loan types, interest rates, loan terms, and responsiveness to customer requests. The company serves multi-ethnic communities with personal and small business banking needs, utilizing marketing, technology, and customer service to attract deposits. Loan growth depends on timely responses and maintaining a network of brokers and business sources.
Sources:
Flushing Financial Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Flushing Financial Corporation’s corporate clients.
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