First of Long Island profit rises 21%
First of Long Island Corp. said its profit for the April-June period rose 21 percent compared with a year ago on higher interest income.
The Glen Head-based parent of the First National Bank of Long Island said last week its second-quarter profit was $7.6 million compared with $6.3 million in 2014.
Only 25¢ for 5 months
First of Long Island Corp. said its profit for the April-June period rose 21 percent compared with a year ago on higher interest income.
The Glen Head-based parent of the First National Bank of Long Island said last week its second-quarter profit was $7.6 million compared with $6.3 million in 2014.
The profit equals 50 cents per share, compared with 44 cents per share a year earlier.
The bank said its net interest income, the difference between the revenue generated from a bank’s assets and the expense associated with its liabilities, increased 15 percent in the second quarter, year over year, to $21.3 million.
The bank said it plans to open branches in East Islip, College Point in Queens and Bay Ridge in Brooklyn in the next year. The bank already has 44 offices on Long Island and in Queens and Manhattan.
'A different situation at every airport' FAA data analyzed by Newsday shows the number of bird strikes voluntarily reported by airports in New York City and Long Island has increased by 46% between 2009 and 2023. NewsdayTV's Shari Einhorn reports.