Loading...
•
Dec 31, 2024
Northfield Bancorp Q4 2024 Earnings Report
Reported a solid financial performance with increased net interest income and net interest margin, while maintaining strong asset quality and capital levels.
Key Takeaways
Northfield Bancorp reported a net income of $11.3 million, or $0.27 per diluted share, for the quarter ended December 31, 2024, compared to $8.2 million, or $0.19 per diluted share, for the quarter ended December 31, 2023. The quarter's results included a $3.4 million gain on the sale of property.
Diluted earnings per share were $0.27 for Q4 2024, compared to $0.19 for Q4 2023.
Net interest margin increased by 10 basis points to 2.18% for the current quarter.
Deposits (excluding brokered) increased by $81.6 million, or 8.6% annualized, compared to September 30, 2024.
Asset quality remains strong with non-performing loans to total loans at 0.51% compared to 0.75% at September 30, 2024.
Northfield Bancorp
Northfield Bancorp
Forward Guidance
While significant economic and market risks remain, recent decreases in short-term market interest rates, and other factors, should provide our marketplace and the Company with growth opportunities in the new year.