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Dec 31, 2022
Northfield Bancorp Q4 2022 Earnings Report
Northfield Bancorp reported net income, and EPS decreased due to a decrease in net interest income, attributable to increased interest expense and lower loan prepayment income.
Key Takeaways
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.
Diluted earnings per share were $0.31 for Q4 2022, compared to $0.34 for Q4 2021.
Net interest margin decreased by 19 basis points to 2.89% compared to 3.08% for the trailing quarter.
Credit quality remains strong with non-performing loans to total loans at 0.24%.
Repurchased 556,859 shares totaling approximately $8.5 million.