---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-013516"
form_type: "8-K"
ticker: null
cik: "0000740663"
company_name: "FIRST OF LONG ISLAND CORP"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:58:16.116964+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First of Long Island Q1 net income $4.4M ($0.20 EPS), down 32% YoY; NIM 1.79%

## Summary
- Net income $4.4M (EPS $0.20) vs $6.5M ($0.29) YoY; net interest income fell 23.2%.
- Net interest margin 1.79% (down from 2.00% Q4 2023); cost of interest-bearing liabilities up 151 bps.
- No credit loss provision in Q1 vs $1.1M provision a year ago; reserve coverage 0.88% of loans.
- Dividend maintained at $0.21/share; repurchased 167,526 shares for $2.0M in Q1.
- CEO sees deposit stabilization and wholesale repricing complete; margin improvement in H2 2024 dependent on yield curve.

## SEC filing metadata
- accession: 0001437749-24-013516
- form_type: 8-K
- cik: 0000740663
- company_name: FIRST OF LONG ISLAND CORP
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/740663/000143774924013516/0001437749-24-013516-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/740663/000143774924013516/flic20240319_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013516
- JSON: https://secwatch.observer/filing/0001437749-24-013516.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013516.txt

## Key facts
- Earnings Releases
  FIRST OF LONG ISLAND CORP reported first quarter of 2024 results: net income $4.4 million, EPS $0.20.
  - Period: first quarter of 2024
  - Net income: $4.4 million
  - EPS: $0.20
  - Result: reported results
  source text: Net income and earnings per share for the quarter ended March 31, 2024, were $4.4 million and $0.20, respectively
  evidence_url: https://www.sec.gov/Archives/edgar/data/740663/000143774924013516/0001437749-24-013516-index.htm

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