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Mar 31, 2022
Northfield Bancorp Q1 2022 Earnings Report
Reported diluted earnings per common share of $0.30 for the quarter ended March 31, 2022.
Key Takeaways
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.
Diluted earnings per share were $0.30 for the current quarter as compared to $0.38 for the first quarter of 2021.
Net interest margin decreased by nine basis points to 2.87% compared to 3.10% for the first quarter of 2021.
Loans held-for-investment, excluding Paycheck Protection Program (“PPP”) loans, increased $108.1 million, or 11.5% annualized, during the quarter.
Deposits, excluding brokered, increased $143.5 million, or 13.9% annualized, during the quarter.
Northfield Bancorp
Northfield Bancorp
Forward Guidance
This release may contain certain 'forward looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995.