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Dec 31, 2021
Northfield Bancorp Q4 2021 Earnings Report
Reported diluted earnings per share of $0.34 for the fourth quarter of 2021, compared to $0.26 for the fourth quarter of 2020.
Key Takeaways
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.
Diluted earnings per share were $0.34 for Q4 2021, up from $0.26 in Q4 2020.
Net interest margin increased by 13 basis points to 2.96% compared to Q4 2020.
Loans held-for-investment, excluding PPP loans, increased at an annualized rate of 2.4% during the quarter.
Deposits, excluding brokered deposits, increased at an annualized rate of 3.4% during the quarter.
Forward Guidance
This release may contain certain "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and may be identified by the use of such words as "may," "believe," "expect," "anticipate," "should," "plan," "estimate," "predict," "continue," and "potential" or the negative of these terms or other comparable terminology.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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