First of Long Island reports higher profit in 3Q
First National Bank of Long Island's Babylon branch Credit: First National Bank of Long Island
The First of Long Island Corp., the parent company of the First National Bank of Long Island, on Thursday reported net income for its third quarter rose 23 percent to $8 million.
Profit for the first nine months hit $23.1 million, a 19 percent increase.
The Glen Head-based company’s shares fell less than 2 percent to close at $32.10 on Friday on the Nasdaq Stock Market. Shares are up 16 percent over the last year.
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