Northfield Bancorp Earnings Reports

Northfield Bancorp, Inc. reported net income of $7.9 million for the first quarter of 2025, resulting in diluted earnings per share of $0.19. This represents a decrease from the trailing quarter's net income of $11.3 million and diluted EPS of $0.27, but an increase from the first quarter of 2024's net income of $6.2 million and diluted EPS of $0.15. The net interest margin improved to 2.38% for the current quarter.

Northfield Bancorp reported a net income of $11.3 million, or $0.27 per diluted share, for the quarter ended December 31, 2024, compared to $8.2 million, or $0.19 per diluted share, for the quarter ended December 31, 2023. The quarter's results included a $3.4 million gain on the sale of property.

Northfield Bancorp reported a net income of $6.5 million, or $0.16 per diluted share, for the third quarter of 2024, compared to $8.2 million, or $0.19 per diluted share, for the third quarter of 2023. The company's net interest margin remained relatively stable at 2.08%.

Northfield Bancorp reported a net income of $6.0 million, or $0.14 per diluted share, for the three months ended June 30, 2024. Net interest income increased slightly over the trailing quarter, and the net interest margin expanded. The company also maintained strong liquidity and continued its stock repurchase program.

Northfield Bancorp reported a net income of $6.2 million, or $0.15 per diluted share, for Q1 2024. This represents a decrease compared to both the previous quarter ($8.2 million, $0.19 per diluted share) and the same quarter last year ($11.7 million, $0.26 per diluted share). The decrease in net income was primarily due to lower net interest income resulting from increased funding costs.

Northfield Bancorp reported a net income of $8.2 million, or $0.19 per diluted share, for Q4 2023. Total deposits (excluding brokered) increased by approximately $110 million, or 12% annualized, from September 30, 2023. Credit quality remains strong with non-performing loans to total loans at 0.27% compared to 0.24% at September 30, 2023.

Northfield Bancorp reported a net income of $8.2 million, or $0.19 per diluted share, for the third quarter of 2023. This is a decrease compared to the previous quarter's net income of $9.6 million, or $0.22 per diluted share, and the third quarter of 2022's net income of $17.0 million, or $0.37 per diluted share.

Northfield Bancorp reported a net income of $9.6 million, or $0.22 per diluted share, for the second quarter of 2023. The results were impacted by a decrease in net interest income due to higher funding costs.

Northfield Bancorp reported a net income of $11.7 million, or $0.26 per diluted share, for the quarter ended March 31, 2023. The decrease in net income compared to the previous quarter and the same quarter last year was primarily due to a decrease in net interest income driven by higher funding costs, which was partially offset by higher yields on interest-earning assets. The company repurchased 1.1 million shares for $16.0 million during the quarter and declared a cash dividend of $0.13 per share.

Northfield Bancorp, Inc. reported a decrease in net income for the quarter ended December 31, 2022, with net income of $14.1 million, or $0.31 per diluted share, as compared to $16.1 million, or $0.34 per diluted share for the quarter ended December 31, 2021.

Northfield Bancorp reported a net income of $17.0 million, or $0.37 per diluted share, for the third quarter of 2022, compared to $16.1 million, or $0.33 per diluted share for the third quarter of 2021. The increase in net income was primarily due to an increase in net interest income, driven by net interest margin expansion and loan growth.

Northfield Bancorp reported a diluted EPS of $0.34 for Q2 2022, compared to $0.40 for Q2 2021. Net income for the quarter was $15.9 million, down from $19.8 million in the prior year. The net interest margin increased by 16 basis points to 3.03% compared to the trailing quarter.

Northfield Bancorp reported a strong quarter with diluted earnings per share of $0.30. The company saw growth in loan and deposit balances, maintained pristine credit quality, and managed expenses prudently. The Board of Directors declared a cash dividend of $0.13 per common share.

Northfield Bancorp reported a diluted earnings per share of $0.34 for Q4 2021, compared to $0.26 for Q4 2020. Net income was $16.1 million, compared to $13.1 million for the same period in the previous year. The increase in earnings was influenced by a decrease in the provision for credit losses on loans and an increase in net interest income.

Northfield Bancorp reported diluted earnings per share of $0.33 for the third quarter of 2021, compared to $0.17 for the same quarter in 2020. The company's net interest margin increased by 49 basis points to 2.99% compared to the third quarter of 2020. Total loans, excluding PPP loans, increased by $59.4 million, or 6.5% annualized, during the quarter, and deposits, excluding brokered deposits, increased by $98.8 million, or 9.9% annualized.

Northfield Bancorp reported a strong second quarter with diluted earnings per share increasing over 5% to $0.40 compared to the trailing quarter and over 73% compared to the second quarter of 2020. Net interest income increased by $8.5 million, or 28.0%, and the company repurchased 900,771 shares totaling approximately $14.7 million.

Northfield Bancorp reported strong financial results for Q1 2021, with diluted earnings per share increasing to $0.38. Net interest income also increased, driven by growth in average interest-earning assets and an improved net interest margin. The company strategically focused on loan and deposit growth while maintaining strong asset quality.

Northfield Bancorp reported a strong fourth quarter with diluted earnings per share of $0.26, up from $0.21 in the same quarter of the previous year. The net interest margin increased to 2.83%, and the company enhanced shareholder value through stock repurchases and a cash dividend declaration.

Northfield Bancorp reported a diluted earnings per share of $0.17 for Q3 2020, compared to $0.28 for Q3 2019. Net income for the quarter was $8.6 million, down from $13.1 million in the same period last year. The acquisition of Victory was completed on July 1, 2020, adding significant assets, loans, and deposits.

Northfield Bancorp reported a net income of $10.8 million, or $0.23 per diluted share, for the second quarter of 2020, compared to a net income of $8.2 million, or $0.17 per diluted share, for the second quarter of 2019. The results reflect an increase in net interest income and non-interest income, partially offset by an increase in income tax expense.

Northfield Bancorp reported diluted earnings per common share of $0.10 for the quarter ended March 31, 2020. Net income was $4.6 million for the three months ended March 31, 2020. Net interest income for the three months ended March 31, 2020, increased $2.6 million, or 9.5%.

Northfield Bancorp reported net income of $10.1 million, or $0.21 per diluted share, for Q4 2019. The results reflect an increase in net interest income and non-interest income, offset by increases in the provision for loan losses, non-interest expense, and income tax expense. The company also announced a proposed acquisition of VSB Bancorp, Inc.