First of Long Island Corp/The

The First of Long Island Corporation reported a decrease in net income and earnings per share for the first quarter of 2025 compared to the same period in 2024, primarily due to an increase in provision for credit losses, noninterest expense, and income tax expense, partially offset by an increase in net interest income.

Related tickers: FLIC.

Keefe, Bruyette & Woods upgraded ConnectOne Bancorp to Outperform and raised the price target to $32, citing multiple growth catalysts such as the merger with The First of Long Island Corporation, organic net interest margin expansion, and benefits from additional Fed rate cuts.

Related tickers: CNOB, CNOBP, FLIC.