---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-003928"
form_type: "8-K"
ticker: "FFIC"
cik: "0000923139"
company_name: "FLUSHING FINANCIAL CORP"
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T17:11:04.892159+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Flushing Financial restates Q1-Q3 2023 results; ERC recognition error cuts net income by $2.6M

## Summary
- Restating Q1-Q3 2023 financials due to ERC recognition errors; cumulative net income decrease of $2.6M through Sept 2023.
- EPS restated: Q1 from $0.17 to $0.13; H1 from $0.46 to $0.42; 9M from $0.77 to $0.69.
- Material weakness in internal control over ERC probability assessment identified; remediation plan underway.
- Management determined ERC realization not 'probable' under GAAP, despite prior tax advisor advice; will amend 10-Qs.

## SEC filing metadata
- accession: 0001140361-24-003928
- form_type: 8-K
- ticker: FFIC
- cik: 0000923139
- company_name: FLUSHING FINANCIAL CORP
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 4.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/923139/000114036124003928/0001140361-24-003928-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/923139/000114036124003928/ef20019692_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-003928
- JSON: https://secwatch.observer/filing/0001140361-24-003928.json
- Plain text: https://secwatch.observer/filing/0001140361-24-003928.txt

## Key facts
- Auditor Changes
  FLUSHING FINANCIAL CORP reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: BDO USA, P.C.
  source text: require restatement to correct the accounting treatment of employee retention credits
  evidence_url: https://www.sec.gov/Archives/edgar/data/923139/000114036124003928/0001140361-24-003928-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.