Private company

FIRST OF LONG ISLAND CORP

FIRST OF LONG ISLAND CORP is an American national commercial bank based in Melville.1

Last updated Oct 20, 2026.

Overview

  • IndustryNational Commercial Banks1
  • HeadquartersMelville, New York1
  • Incorporated inNY2
  • Business address275 Broadhollow Road, Melville, Ny 117472
  • Filer categoryAccelerated filer2

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The Bank was organized in 1927 as a national banking association under the laws of the United States of America. The Bank has one wholly-owned subsidiary: FNY Service Corp., an investment company. The Bank and FNY Service Corp. jointly own another subsidiary, The First of Long Island REIT, Inc., a real estate investment trust.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

406.6%Net margin4
27.3%Revenue growth, 20244
4.5%Return on equity4
1.15×Debt to equity4
$13.5MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Income tax2¢$312.0K
  • Profit98¢$17.1M

Out of $4.2M in revenue.4

Where each dollar of operating cash went, fiscal 2024

  • Capital spending7¢$1.5M
  • Dividends paid84¢$18.9M
  • Share buybacks9¢$2.0M

Out of $14.9M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue564$4.2M in 2024+101% since 2018
0$2.0M$4.0M$6.0M2018: $2.1M$2.1M20182019: $2.1M$2.1M2019−1%2021: $2.6M$2.6M2021+25%2022: $2.9M$2.9M2022+12%2023: $3.3M$3.3M2023+14%2024: $4.2M$4.2M2024+27%
Net income78964$17.1M in 2024−59% since 2018
0$20.0M$40.0M$60.0M2018: $41.6M$41.6M20182019: $41.6M$41.6M2019−0%2020: $41.2M$41.2M2020−1%2021: $43.1M$43.1M2021+5%2022: $46.9M$46.9M2022+9%2023: $26.2M$26.2M2023−44%2024: $17.1M$17.1M2024−35%
Fiscal year2018201920202021202220232024
Revenue$2.1M5$2.1M5$2.6M6$2.9M4$3.3M4$4.2M4
Interest$35.7M7$43.7M8$29.2M9$16.2M6$18.5M6$68.6M6
Income before tax$53.3M6$58.2M4$29.5M4$16.8M4
Income tax$5.1M7$8.2M8$8.3M9$10.2M6$11.3M4$3.2M4-$312.0K4
Net income$41.6M7$41.6M8$41.2M9$43.1M6$46.9M4$26.2M4$17.1M4
Earnings per share$1.647$1.688$1.739$1.826$2.054$1.164$0.764
Earnings per share (diluted)$1.637$1.678$1.729$1.816$2.044$1.164$0.754
Shares (weighted, basic)23.7M shares622.9M shares422.6M shares422.5M shares4
Shares (weighted, diluted)23.8M shares623.0M shares422.6M shares422.6M shares4

Compare FIRST OF LONG ISLAND CORP with another company

Corporate structure

FIRST OF LONG ISLAND CORP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of FIRST OF LONG ISLAND CORP

  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on FIRST OF LONG ISLAND CORP, latest Jul 15, 2025 (2 filings since Jan 23, 2025)
  • BlackRock Filed SCHEDULE 13G/A on FIRST OF LONG ISLAND CORP, latest Feb 5, 2025
  • VANGUARD GROUP INC Filed SC 13G on FIRST OF LONG ISLAND CORP, latest Feb 13, 2024 (2 filings since Feb 10, 2022)
  • FMR LLC Filed SC 13G/A on FIRST OF LONG ISLAND CORP, latest Feb 9, 2024 (3 filings since Feb 9, 2022)
  • FRANKLIN MUTUAL ADVISERS LLC Filed SC 13G/A on FIRST OF LONG ISLAND CORP, latest Jan 31, 2023 (2 filings since Feb 1, 2022)
  • FIRST OF LONG ISLAND CORP Melville, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What FIRST OF LONG ISLAND CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$82.2M4 Dec 31, 2024$81.3M4 Dec 31, 2023+1.1%
Accumulated depreciation$53.1M4 Dec 31, 2024$49.9M4 Dec 31, 2023+6.4%
Property and equipment, net$29.1M4 Dec 31, 2024$31.4M4 Dec 31, 2023−7.3%
Operating-lease assets (leased space)$19.0M4 Dec 31, 2024$22.6M4 Dec 31, 2023−16.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$38.3M4 Dec 31, 2024$60.9M4 Dec 31, 2023−37.0%
Debt securities available for sale$624.8M4 Dec 31, 2024$695.9M4 Dec 31, 2023−10.2%
Deposits held (banks)$3.3B4 Dec 31, 2024$3.3B4 Dec 31, 2023−0.2%

Properties, in its own words

The Corporation neither owns nor leases any real estate. Office facilities of the Corporation are located at 275 Broadhollow Road, Melville, NY and the Bank’s main branch is located at 10 Glen Head Road, Glen Head, NY in office space leased by the Bank.

As of December 31, 2024, the Bank owns 18 buildings and leases 27 other facilities, all of which are in Nassau and Suffolk Counties of Long Island and the NYC boroughs of Queens, Brooklyn and Manhattan. Included in the leased facilities are four branch locations that closed in 2024 for which the leases terminated in early-2025 and one branch location that closed in 2023 for which the Bank continues to be obligated to make lease payments. The Corporation believes that the remaining physical facilities of the Bank are suitable and adequate at present and are being fully utilized.

Item 2 of the 10-K filed Mar 12, 2025.3

Leadership

Who has led FIRST OF LONG ISLAND CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael N. Vittorio2006–2019
  2. Christopher Becker2020–now

President

  1. Michael N. Vittorio2006–2019
  2. Mark D. Curtis2009
  3. Christopher Becker2020–now

Chief financial officer

  1. Jay P. McConie2020–2023
  2. Janet T. Verneuille2025–now
2010201520202025
Board members and other officers (35)

Timeline

  1. Jun 2, 20258-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights52
  2. May 6, 20258-K Results of operations53
  3. May 6, 20258-K Other events54
  4. May 1, 20258-K Completed an acquisition or sale55
  5. Feb 14, 20258-K Shareholder vote; Other events56
  6. Feb 3, 20258-K Results of operations57
  7. Oct 25, 20248-K Results of operations58
  8. Sep 5, 20248-K Entered a material agreement; Other events59
  9. Aug 28, 20248-K Regulation FD disclosure60
  10. Jul 29, 20248-K Results of operations61
  11. Jul 29, 20248-K Regulation FD disclosure62
  12. Jul 26, 20248-K Results of operations63
  13. Jan 27, 2020New chief executive Christopher Becker becomes CEO13
  14. Feb 27, 2006New chief executive Michael N. Vittorio becomes CEO14

Calendar

When it reported results

  1. May 6, 2025Reported quarterly or annual results53
  2. Feb 3, 2025Reported quarterly or annual results57
  3. Oct 25, 2024Reported quarterly or annual results58
  4. Jul 29, 2024Reported quarterly or annual results61
  5. Jul 26, 2024Reported quarterly or annual results63
  6. Apr 29, 2024Reported quarterly or annual results64
  7. Mar 1, 2024Reported quarterly or annual results65
  8. Jan 30, 2024Reported quarterly or annual results66

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

295 filings to the SEC since October 2021: 4 annual reports, 11 quarterly reports, 38 major events, 206 insider forms, 14 large holders, 22 other. The latest 20:

  1. Jul 15, 2025SCHEDULE 13G/A EDGAR
  2. Jun 10, 202515-12G EDGAR
  3. Jun 9, 2025EFFECT EDGAR
  4. Jun 2, 20254 EDGAR
  5. Jun 2, 20254 EDGAR
  6. Jun 2, 20254 EDGAR
  7. Jun 2, 20254 EDGAR
  8. Jun 2, 20254 EDGAR
  9. Jun 2, 20254 EDGAR
  10. Jun 2, 20254 EDGAR
  11. Jun 2, 20254 EDGAR
  12. Jun 2, 20254 EDGAR
  13. Jun 2, 20254 EDGAR
  14. Jun 2, 20254 EDGAR
  15. Jun 2, 20254 EDGAR
  16. Jun 2, 20254 EDGAR
  17. Jun 2, 20254 EDGAR
  18. Jun 2, 20254 EDGAR
  19. Jun 2, 20254 EDGAR
  20. Jun 2, 20254 EDGAR

The 295 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

26 open-market trades by officers, directors and large owners since October 2021: 18 buys and 8 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 4, 2025HILTON CHRISTOPHER JSEVPSale4,863$12.63$61.4KForm 4
Sep 5, 2024Cooper John Abbott RootDirectorSale166,633$12.70$2.1MForm 4
Feb 22, 2024QUICK PETERDirectorBuy1,000$10.99$11.0KForm 4
Feb 21, 2024QUICK PETERDirectorBuy1,000$11.13$11.1KForm 4
Feb 16, 2024CANARICK PAUL TDirectorBuy1,000$11.36$11.4KForm 4
Feb 16, 2024CANARICK PAUL TDirectorBuy1,000$11.36$11.4KForm 4
Feb 15, 2024Tveter EricDirectorBuy1,000$11.18$11.2KForm 4
Feb 14, 2024Strain DeniseDirectorBuy1,000$11.00$11.0KForm 4
Feb 14, 2024Haye Edward J.DirectorBuy1,000$11.12$11.1KForm 4
Feb 13, 2024BECKER CHRISTOPHERPresident & CEOBuy1,350$10.97$14.8KForm 4
Feb 13, 2024VERNEUILLE JANET TSEVP and CFOBuy1,000$10.95$10.9KForm 4
Feb 13, 2024Desmond John JDirectorBuy1,000$10.93$10.9KForm 4
Feb 13, 2024COVER ALEXANDER LDirectorBuy1,000$10.96$11.0KForm 4
Feb 12, 2024Cooper John Abbott RootDirectorSale50,014$11.36$568.2KForm 4
Feb 12, 2024Cooper John Abbott RootDirectorSale50,014$11.36$568.2KForm 4
Nov 2, 2023HILTON CHRISTOPHER JSEVPBuy16,500$11.11$183.3KForm 4
Nov 2, 2023HILTON CHRISTOPHER JSEVPSale10,835$11.00$119.2KForm 4
Aug 9, 2023Ansari Tanweer SheikhEVP, General CounselBuy1,000$14.16$14.2KForm 4
Aug 8, 2023HILTON CHRISTOPHER JSEVPBuy14,000$13.95$195.3KForm 4
Aug 8, 2023HILTON CHRISTOPHER JSEVPSale4,810$13.90$66.9KForm 4

All 26 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How FIRST OF LONG ISLAND CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFIRST OF LONG ISLAND CORP1
  • CIK0000740663
  • Employer ID (EIN)11-26729063
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company3
  • Incorporated inNew York3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6021 National Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address275 Broadhollow Road, Melville, NY 117471
  • Phone51667149001
  • Shares outstanding22,679,517 as of Apr 30, 202512
  • Public float$12.2M as of Jun 30, 20243
  • AuditorCROWE LLP, New York, New York PCAOB ID 173; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceMay 8, 19951
  • Filings1,792 in all: 4 (1,271), 8-K (183), 10-Q (91), SC 13G/A (40), 10-K (30), DEF 14A (29), 3 (26), 4/A (25)1
    All 42 form types

    SC 13G (13), 8-K/A (11), 144 (5), 5 (5), S-3 (5), ARS (4), EFFECT (4), S-8 (4), UPLOAD (4), 424B2 (3), 424B3 (3), 424B5 (3), PRE 14A (3), SCHEDULE 13G/A (3), 10-Q/A (2), 425 (2), CORRESP (2), DEFA14A (2), S-3D (2), S-3DPOS (2), S-8 POS (2), 10-K/A (1), 144/A (1), 15-12G (1), 25-NSE (1), 3/A (1), 8-A12B (1), 8-A12G (1), DEFM14A (1), FWP (1), NT 10-Q (1), POS AM (1), RW (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 12, 2025
    Quarterly report (10-Q) May 1, 2025
    Proxy statement (DEF 14A) Mar 8, 2024
    Latest 8-K (8-K) Jun 2, 2025

Securities registered for trading

ClassSymbolExchange
Common stock, $0.10 par value per shareFLICNasdaq

From the cover page of the 10-K filed Mar 12, 2025 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks FIRST OF LONG ISLAND CORP names in Item 1A of its 10-K filed Mar 12, 2025: 32 risks under these headings, as written.3

  • Merger Activity
  • There is no assurance when or even if the merger will be completed.
  • Because the market price of ConnectOne common stock will fluctuate, the value of the merger consideration to be received by our shareholders may change.
  • Regulatory approvals required to complete the merger may not be received, may take longer than expected or may impose conditions that are not presently anticipated or cannot be met.
  • Failure to complete the merger, the termination of the Merger Agreement or a significant delay in the consummation of the merger could negatively impact the Corporation.
  • The Corporation will be subject to business uncertainties and contractual restrictions while the merger is pending.
  • The Merger Agreement limits the per share cash dividend that the Corporation may pay after June 30, 2025.
  • The Merger Agreement contains provisions that may discourage other companies from pursuing, announcing or submitting a business combination proposal to the Corporation that might result in greater value to the Corporation’ s shareholders.
  • Litigation against the Corporation or ConnectOne, or the members of the Corporation’ s or ConnectOne’ s board of directors, could prevent or delay the completion of the merger.
  • Economic and Market Area
  • A worsening of national or local economic conditions could adversely affect our financial condition and results of operations.
  • A concentration of loans in our primary market area may increase the risk of higher nonperforming assets.
The other 22 risks
  • Inflationary pressures and rising prices may affect our results of operations and financial condition.
  • Competition within our market area could limit our ability to increase interest-earning assets and noninterest income.
  • Severe weather, acts of terrorism and other external events could impact our ability to conduct business.
  • Interruption of our customers’ supply chains and federal funding could negatively impact their business and operations and impact their ability to repay their loans.
  • Interest Rates and Asset Quality
  • Declines in the value of investment securities, loans and BOLI may result in impairment charges and may adversely affect our financial condition and results of operations.
  • Changes in interest rates and the shape of the yield curve could negatively impact our earnings.
  • The performance of our multifamily real estate loans could be adversely impacted by regulation.
  • Management’s estimate of the Allowance for Credit Losses (“ACL” or “allowance”) may not be sufficient and could result in increased provisions and adversely impact our financial condition and results of operations.
  • Regulatory Matters
  • If our regulators impose limitations on our commercial real estate lending activities, earnings could be adversely affected, and we may face greater risk in our loan portfolio.
  • The Bank is subject to the CRA and fair lending laws, and failure to comply with these laws could lead to material penalties.
  • Changes in laws, government regulation, supervisory guidance and the regulatory policies of the Federal government could have a significant negative impact on our financial condition and results of operations.
  • Business Issues
  • The Bank and Corporation may not have sufficient funds or funding sources to meet liquidity demands.
  • Our funding sources may prove insufficient to replace deposits at maturity and support our future growth. A lack of liquidity could adversely affect our financial condition and results of operations and result in regulatory limits being placed on the Corporation.
  • There can be no assurance that we will continue to declare cash dividends.
  • A decline in the Corporation’ s market capitalization could negatively impact the price, trading volume and liquidity of our common stock.
  • The Corporation’ s internal controls and those of its third-party service providers (“ TPSPs” ) may be ineffective or circumvented, resulting in significant financial loss, adverse action by governmental bodies and damaged reputation.
  • The Bank’s inability to keep pace with technological advances could negatively impact our business, financial condition and results of operations.
  • The inability to attract, motivate or retain qualified key personnel could negatively impact our performance.
  • The inability to control the risks associated with social media and other internet postings could adversely impact the Corporation's business and reputation.
  • System failures, interruptions and security breaches could negatively impact our customers, reputation and results of operations.
  • Risks associated with cybersecurity could negatively affect our earnings.
  • While our Board of Directors takes an oversight role in cybersecurity risk tolerance, we rely to a large degree on management and outside consultants in overseeing cybersecurity risk management.

Legal proceedings

From time to time, the Corporation and its subsidiaries are involved in various legal actions and claims arising in the normal course of its business. In the opinion of management, these legal actions and claims are not expected to have a material adverse impact on the Corporation’s financial condition and results of operations.

The opening of Item 3, Legal Proceedings.3

Sources

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