In the Q1, First Of Long Island Corp's corporate clients experienced a reduction by -0.88 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -6.42 %. During the corresponding time, First Of Long Island Corp recorded a revenue increase by 2.08 % year on year, sequentially revenue fell by -1.19 %. While revenue at the First Of Long Island Corp's corporate clients fell by -2.22 % year on year, sequentially revenue fell by -9.67 %.
Customers of First Of Long Island Corp saw their costs of revenue decrease by -0.88 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -6.42 %, for the same period First Of Long Island Corp recorded revenue increase by 2.08 % year on year, sequentially revenue fell by -1.19 %.
First Of Long Island's Comment on Sales, Marketing and Customers
The Bank provides financial services to small and middle-market businesses, professional service firms, not-for-profits, municipalities, and consumers primarily in Nassau and Suffolk Counties of Long Island, as well as the boroughs of New York City. It operates 37 branch locations across Nassau, Suffolk, Queens, Brooklyn, and Manhattan. The Bank's loan portfolio primarily consists of loans to borrowers in Long Island and New York City boroughs, with a focus on real estate loans secured by properties in these areas. It offers trust, estate, custody, and investment services through Financial Resources Group, an affiliate of LPL Financial, and issues credit cards through TCM Bank, N.A., a subsidiary of ICBA Payments. The Bank refers residential mortgage loans to Rocket Mortgage® under a co-marketing referral agreement. Its competitors include large money center banks, regional and community banks, mortgage brokers, brokerage firms, credit unions, and fintech or e-commerce companies.
First Of Long Island’s Comment on Sales, Marketing and Customers
The Bank provides financial services to small and middle-market businesses, professional service firms, not-for-profits, municipalities, and consumers primarily in Nassau and Suffolk Counties of Long Island, as well as the boroughs of New York City. It operates 37 branch locations across Nassau, Suffolk, Queens, Brooklyn, and Manhattan. The Bank's loan portfolio primarily consists of loans to borrowers in Long Island and New York City boroughs, with a focus on real estate loans secured by properties in these areas. It offers trust, estate, custody, and investment services through Financial Resources Group, an affiliate of LPL Financial, and issues credit cards through TCM Bank, N.A., a subsidiary of ICBA Payments. The Bank refers residential mortgage loans to Rocket Mortgage® under a co-marketing referral agreement. Its competitors include large money center banks, regional and community banks, mortgage brokers, brokerage firms, credit unions, and fintech or e-commerce companies.
Sources:
First Of Long Island Corp’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: First Of Long Island Corp’s corporate clients.
For your research, we’ve provided 9 tables on First Of Long Island Corp corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
6.79 %