First of Long Island Corp. (FLIC: Quote) Wednesday reported fourth-quarter net income of $5.1 million or $0.56 per share, compared to $4.7 million or $0.53 per share in the comparable quarter last year. On average, three analysts polled by Thomson Reuters expected earnings of $0.59 per share for the quarter. Analysts’ estimates typically exclude special items.
Net interest income for the quarter dropped to $14.93 million from $15.07 million in the previous year quarter, while total non-interest income rose to $1.65 million from $1.58 million in the prior-year quarter.
Loan loss provisions for the quarter declined to $725 thousand from $1.4 million last year.
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by RTT Staff Writer
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