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Mar 31, 2021
Northfield Bancorp Q1 2021 Earnings Report
Reported diluted earnings per common share of $0.38 for the quarter ended March 31, 2021.
Key Takeaways
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.
Diluted earnings per share increased over 46% to $0.38 compared to the trailing quarter.
Net interest income increased $3.1 million, or 8.5%, over the trailing quarter.
Net interest margin increased 27 basis points to 3.10% as compared to 2.83% for the trailing quarter.
Loans held-for-investment, net, increased $109.8 million, or 11.5% annualized.