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Sep 30, 2021
Northfield Bancorp Q3 2021 Earnings Report
Reported strong financial performance driven by an increase in net interest margin and a decrease in non-interest expense.
Key Takeaways
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.
Diluted earnings per share were $0.33 for the current quarter as compared to $0.17 for the third quarter of 2020.
Net interest margin increased by 49 basis points to 2.99% compared to 2.50% for the third quarter of 2020.
Total loans, excluding Paycheck Protection Program ("PPP") loans, increased $59.4 million, or 6.5% annualized, during the quarter.
Deposits, excluding brokered, increased $98.8 million, or 9.9% 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.