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Dec 31, 2023
Northfield Bancorp Q4 2023 Earnings Report
Reported net income of $8.2 million, or $0.19 per diluted share, for the quarter ended December 31, 2023.
Key Takeaways
Northfield Bancorp reported a net income of $8.2 million, or $0.19 per diluted share, for Q4 2023. Total deposits (excluding brokered) increased by approximately $110 million, or 12% annualized, from September 30, 2023. Credit quality remains strong with non-performing loans to total loans at 0.27% compared to 0.24% at September 30, 2023.
Diluted earnings per share were $0.19 for Q4 2023, compared to $0.19 for the trailing quarter, and $0.31 for Q4 2022.
Net interest margin compression slowed to eight basis points compared to a nine basis point decrease for the quarter ended September 30, 2023.
Total deposits (excluding brokered) increased by approximately $110 million, or 12% annualized, from September 30, 2023.
Credit quality remains strong with non-performing loans to total loans at 0.27% compared to 0.24% at September 30, 2023.