Northfield Bancorp, Inc. (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking services primarily to individuals and corporate customers. It accepts various deposits products, including certificates of deposit, passbook, statement, and money market savings accounts; transaction deposit accounts comprising negotiable orders of withdrawal accounts, and interest and non-interest bearing checking accounts; individual retirement accounts; and brokered deposits. The company also offers various loans comprising multifamily and other commercial real estate loans, construction and land loans, commercial and industrial loans, one-to-four family residential real estate loans, and home equity loans and lines of credit. In addition, it purchases various investment securities, such as mortgage-backed securities and corporate bonds; and deposits funds in other financial institutions, as well as holds mortgage loans, mortgage-backed securities, and other investments. As of February 24, 2021, the company operated 38 full-service banking offices in Staten Island and Brooklyn, New York; and Hunterdon, Middlesex, Mercer, and Union counties, New Jersey. Northfield Bancorp, Inc. (Staten Island, NY) was founded in 1887 and is based in Woodbridge, New Jersey.
IPO Year: 2007
Exchange: NASDAQ
Website: enorthfield.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/15/2021 | Buy → Neutral | DA Davidson | |
| 12/15/2021 | $20.00 → $19.00 | Buy → Neutral | DA Davidson |
| 9/27/2021 | $18.00 | Overweight → Neutral | Piper Sandler |
DA Davidson downgraded Northfield Bancorp from Buy to Neutral
DA Davidson downgraded Northfield Bancorp from Buy to Neutral and set a new price target of $19.00 from $20.00 previously
Piper Sandler downgraded Northfield Bancorp from Overweight to Neutral and set a new price target of $18.00
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
4 - Northfield Bancorp, Inc. (0001493225) (Issuer)
10-Q - Northfield Bancorp, Inc. (0001493225) (Filer)
8-K - Northfield Bancorp, Inc. (0001493225) (Filer)
8-K - Northfield Bancorp, Inc. (0001493225) (Filer)
10-Q - Northfield Bancorp, Inc. (0001493225) (Filer)
8-K - Northfield Bancorp, Inc. (0001493225) (Filer)
11-K - Northfield Bancorp, Inc. (0001493225) (Filer)
8-K - Northfield Bancorp, Inc. (0001493225) (Filer)
8-K - Northfield Bancorp, Inc. (0001493225) (Filer)
8-K - Northfield Bancorp, Inc. (0001493225) (Filer)
10-Q - Northfield Bancorp, Inc. (0001493225) (Filer)
SC 13G/A - Northfield Bancorp, Inc. (0001493225) (Subject)
SC 13G/A - Northfield Bancorp, Inc. (0001493225) (Subject)
SC 13G/A - Northfield Bancorp, Inc. (0001493225) (Subject)
SC 13G/A - Northfield Bancorp, Inc. (0001493225) (Subject)
SC 13G/A - Northfield Bancorp, Inc. (0001493225) (Subject)
SC 13G/A - Northfield Bancorp, Inc. (0001493225) (Subject)
SC 13G/A - Northfield Bancorp, Inc. (0001493225) (Subject)
SC 13G/A - Northfield Bancorp, Inc. (0001493225) (Subject)
SC 13G/A - Northfield Bancorp, Inc. (0001493225) (Subject)
SC 13G/A - Northfield Bancorp, Inc. (0001493225) (Subject)
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.16 FOR THE CURRENT QUARTER COMPARED TO $0.14 FOR THE TRAILING QUARTER, AND $0.19 FOR THE THIRD QUARTER OF 2023. NET INTEREST MARGIN REMAINED RELATIVELY STABLE AT 2.08% FOR THE CURRENT QUARTER AS COMPARED TO 2.09% FOR THE TRAILING QUARTER.AVERAGE YIELD ON INTEREST-EARNING ASSETS DECREASED ONE BASIS POINT TO 4.38%, WHILE THE AVERAGE COST OF INTEREST-BEARING LIABILITIES REMAINED STABLE AT 2.95% FOR THE CURRENT QUARTER AS COMPARED TO THE TRAILING QUARTER. DEPOSITS (EXCLUDING BROKERED) DECREASED MODESTLY BY $5.1 MILLION, OR LESS THAN 1% ANNUALIZED, COMPARED TO JUNE 30, 2024, AND INCREASED $15.0 MILLION, OR 0.5% ANNUALIZED,
STATEN ISLAND, N.Y., Sept. 18, 2024 (GLOBE NEWSWIRE) -- The Northfield Bank Foundation announced today that John P. Connors, Jr. has been named Chair of the Foundation's Board of Directors. Mr. Connors is an attorney admitted to practice in the State and Federal Courts in the States of New York and New Jersey and the District of Columbia, and has been a member of the Northfield Bank Foundation's Board of Directors since 2008. Mr. Connors also serves as a director and former Lead Independent Director of Northfield Bank, trustee and board vice chair of Notre Dame Academy, member of the Georgetown University Alumni and Student Federal Credit Union and External Advisory Committee, and direc
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.14 FOR THE CURRENT QUARTER COMPARED TO $0.15 FOR THE TRAILING QUARTER, AND $0.22 FOR THE SECOND QUARTER OF 2023. RESULTS INCLUDE $0.03 PER SHARE IN EXPENSES ASSOCIATED WITH SEVERANCE PAYMENTS AND DEFERRED TAX ASSET WRITE-OFFS RELATED TO EXPIRED STOCK OPTIONS.NET INTEREST INCOME OF $28.7 MILLION, INCREASED $803,000, OR 2.9%, OVER TRAILING QUARTER.NET INTEREST MARGIN EXPANDED SIX BASIS POINTS FROM THE TRAILING QUARTER TO 2.09%.AVERAGE YIELD ON INTEREST-EARNING ASSETS INCREASED 12 BASIS POINTS TO 4.39%, WHILE THE AVERAGE COST OF INTEREST-BEARING LIABILITIES INCREASED SIX BASIS POINTS TO 2.95% FOR THE CURRENT QUARTER COMP
WOODBRIDGE, N.J., July 16, 2024 (GLOBE NEWSWIRE) -- Northfield Bank, wholly-owned subsidiary of Northfield Bancorp, Inc. (NASDAQ:NFBK), announced today that Steven M. Klein, President and Chief Executive Officer, has been named to the Board of Directors of the Federal Home Loan Bank of New York (the "FHLBNY"). Mr. Klein stated, "The FHLBNY has stood strong for nearly a century, and I am honored to join the Board and work closely with my fellow Directors to support the FHLBNY's commitment to our Members and the communities we serve." Mr. Klein serves as Chairman, President and Chief Executive Officer of FHLBNY member Northfield Bank. Mr. Klein is responsible for leading strategic planning
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.15 FOR THE CURRENT QUARTER COMPARED TO $0.19 FOR THE TRAILING QUARTER, AND $0.26 FOR THE FIRST QUARTER OF 2023.NET INTEREST INCOME OF $27.9 MILLION, DECREASED $1.0 MILLION, OR 3.6%, PRIMARILY REFLECTING INCREASED FUNDING COSTS AND LOWER LOAN BALANCES. AVERAGE YIELDS ON INTEREST-EARNING ASSETS INCREASED 17 BASIS POINTS TO 4.27%, WHILE THE AVERAGE COST OF INTEREST-BEARING LIABILITIES INCREASED 37 BASIS POINTS TO 2.89% FOR THE CURRENT QUARTER COMPARED TO THE TRAILING QUARTER. NET INTEREST MARGIN DECREASED TO 2.03%, OR 14 BASIS POINTS, FOR THE CURRENT QUARTER COMPARED TO THE TRAILING QUARTER.TOTAL DEPOSITS (EXCLUDING BROK
WOODBRIDGE, N.J., Jan. 24, 2024 (GLOBE NEWSWIRE) -- NORTHFIELD BANCORP, INC. (NASDAQ:NFBK) (the "Company'), today announced that its Boards of Directors appointed Dr. Rachana A. Kulkarni as a director of both the Company and Northfield Bank effective February 1, 2024. Steven M. Klein, Chairman and CEO commented, "I'm pleased to announce that our Boards, under the leadership of its Nominating and Corporate Governance Committee, have appointed an esteemed and well-respected individual in Dr. Kulkarni. Rachana's diverse skills, life experiences, and contributions to her community, will play a key role in our continued development and growth." Dr. Kulkarni is President and Managing Partner o
NOTABLE ITEMS INCLUDE: FOURTH QUARTER 2023 DILUTED EARNINGS PER SHARE OF $0.19 FOR THE FOURTH QUARTER OF 2023, COMPARED TO $0.19 FOR THE TRAILING QUARTER, AND $0.31 FOR THE FOURTH QUARTER OF 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.COST OF DEPOSITS WAS 175 BASIS POINTS FOR THE CURRENT QUARTER AS COMPARED TO 146 BASIS POINTS FOR THE TRAILING QUARTER.LOAN BALANCES DECLINED MODESTLY FROM SEPTEMBER 2023 WITH DECREASES IN MULTIFAMILY, COMMERCIAL MORTGAGE, ONE-TO FOUR FAMIL
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.19 FOR THE CURRENT QUARTER COMPARED TO $0.22 FOR THE TRAILING QUARTER, AND $0.37 FOR THE THIRD QUARTER OF 2022.ON A LINKED QUARTER BASIS, NET INTEREST MARGIN COMPRESSION SLOWED TO NINE BASIS POINTS VERSUS A 29 BASIS POINT DECREASE FOR THE QUARTER ENDED JUNE 30, 2023. TOTAL DEPOSITS (EXCLUDING BROKERED) INCREASED BY APPROXIMATELY $76 MILLION, OR 8.4% ANNUALIZED, FROM JUNE 30, 2023, DRIVEN BY INCREASES IN CERTIFICATES OF DEPOSITS, TRANSACTION ACCOUNTS, AND SAVINGS ACCOUNTS. COST OF DEPOSITS WAS 146 BASIS POINTS FOR THE CURRENT QUARTER AS COMPARED TO 113 BASIS POINTS FOR THE TRAILING QUARTER.LOAN BALANCES DECLINED MODEST
WOODBRIDGE, N.J., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Northfield Bank, wholly-owned subsidiary of Northfield Bancorp, Inc. (NASDAQ:NFBK), announced today that Vickie Tomasello has joined Northfield Bank ("Northfield" or the "Bank") as Executive Vice President and Chief Risk Officer. Ms. Tomasello will be responsible for managing the effective governance of risk programs and overseeing the Information Security, Bank Secrecy, Security, Credit Administration, Risk Management, and Compliance areas of the Bank. Ms. Tomasello is a Certified Public Accountant and brings to Northfield over 25 years of experience in the areas of risk, audit, reporting, analytics, and governance. Vickie has a wide ra
WOODBRIDGE, N.J., July 16, 2024 (GLOBE NEWSWIRE) -- Northfield Bank, wholly-owned subsidiary of Northfield Bancorp, Inc. (NASDAQ:NFBK), announced today that Steven M. Klein, President and Chief Executive Officer, has been named to the Board of Directors of the Federal Home Loan Bank of New York (the "FHLBNY"). Mr. Klein stated, "The FHLBNY has stood strong for nearly a century, and I am honored to join the Board and work closely with my fellow Directors to support the FHLBNY's commitment to our Members and the communities we serve." Mr. Klein serves as Chairman, President and Chief Executive Officer of FHLBNY member Northfield Bank. Mr. Klein is responsible for leading strategic planning
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
WOODBRIDGE, N.J., Jan. 24, 2024 (GLOBE NEWSWIRE) -- NORTHFIELD BANCORP, INC. (NASDAQ:NFBK) (the "Company'), today announced that its Boards of Directors appointed Dr. Rachana A. Kulkarni as a director of both the Company and Northfield Bank effective February 1, 2024. Steven M. Klein, Chairman and CEO commented, "I'm pleased to announce that our Boards, under the leadership of its Nominating and Corporate Governance Committee, have appointed an esteemed and well-respected individual in Dr. Kulkarni. Rachana's diverse skills, life experiences, and contributions to her community, will play a key role in our continued development and growth." Dr. Kulkarni is President and Managing Partner o
WOODBRIDGE, N.J., Dec. 13, 2021 (GLOBE NEWSWIRE) -- NORTHFIELD BANCORP, INC. (NASDAQ:NFBK) (the "Company'), today announced that its Boards of Directors appointed Gualberto (Gil) Medina as a director of both the Company and Northfield Bank. Steven M. Klein, Chairman, President and CEO commented, "I'm pleased to announce that our Boards, under the leadership of Independent Director, Annette Catino, have appointed such a talented and well respected individual in Gil Medina. Gil's diverse skills, life experiences, and contributions to his community, will play a key role in our continued development and growth." Mr. Medina is an Executive Vice President with CBRE Group, Inc., a full-service
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.16 FOR THE CURRENT QUARTER COMPARED TO $0.14 FOR THE TRAILING QUARTER, AND $0.19 FOR THE THIRD QUARTER OF 2023. NET INTEREST MARGIN REMAINED RELATIVELY STABLE AT 2.08% FOR THE CURRENT QUARTER AS COMPARED TO 2.09% FOR THE TRAILING QUARTER.AVERAGE YIELD ON INTEREST-EARNING ASSETS DECREASED ONE BASIS POINT TO 4.38%, WHILE THE AVERAGE COST OF INTEREST-BEARING LIABILITIES REMAINED STABLE AT 2.95% FOR THE CURRENT QUARTER AS COMPARED TO THE TRAILING QUARTER. DEPOSITS (EXCLUDING BROKERED) DECREASED MODESTLY BY $5.1 MILLION, OR LESS THAN 1% ANNUALIZED, COMPARED TO JUNE 30, 2024, AND INCREASED $15.0 MILLION, OR 0.5% ANNUALIZED,
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.14 FOR THE CURRENT QUARTER COMPARED TO $0.15 FOR THE TRAILING QUARTER, AND $0.22 FOR THE SECOND QUARTER OF 2023. RESULTS INCLUDE $0.03 PER SHARE IN EXPENSES ASSOCIATED WITH SEVERANCE PAYMENTS AND DEFERRED TAX ASSET WRITE-OFFS RELATED TO EXPIRED STOCK OPTIONS.NET INTEREST INCOME OF $28.7 MILLION, INCREASED $803,000, OR 2.9%, OVER TRAILING QUARTER.NET INTEREST MARGIN EXPANDED SIX BASIS POINTS FROM THE TRAILING QUARTER TO 2.09%.AVERAGE YIELD ON INTEREST-EARNING ASSETS INCREASED 12 BASIS POINTS TO 4.39%, WHILE THE AVERAGE COST OF INTEREST-BEARING LIABILITIES INCREASED SIX BASIS POINTS TO 2.95% FOR THE CURRENT QUARTER COMP
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.15 FOR THE CURRENT QUARTER COMPARED TO $0.19 FOR THE TRAILING QUARTER, AND $0.26 FOR THE FIRST QUARTER OF 2023.NET INTEREST INCOME OF $27.9 MILLION, DECREASED $1.0 MILLION, OR 3.6%, PRIMARILY REFLECTING INCREASED FUNDING COSTS AND LOWER LOAN BALANCES. AVERAGE YIELDS ON INTEREST-EARNING ASSETS INCREASED 17 BASIS POINTS TO 4.27%, WHILE THE AVERAGE COST OF INTEREST-BEARING LIABILITIES INCREASED 37 BASIS POINTS TO 2.89% FOR THE CURRENT QUARTER COMPARED TO THE TRAILING QUARTER. NET INTEREST MARGIN DECREASED TO 2.03%, OR 14 BASIS POINTS, FOR THE CURRENT QUARTER COMPARED TO THE TRAILING QUARTER.TOTAL DEPOSITS (EXCLUDING BROK
NOTABLE ITEMS INCLUDE: FOURTH QUARTER 2023 DILUTED EARNINGS PER SHARE OF $0.19 FOR THE FOURTH QUARTER OF 2023, COMPARED TO $0.19 FOR THE TRAILING QUARTER, AND $0.31 FOR THE FOURTH QUARTER OF 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.COST OF DEPOSITS WAS 175 BASIS POINTS FOR THE CURRENT QUARTER AS COMPARED TO 146 BASIS POINTS FOR THE TRAILING QUARTER.LOAN BALANCES DECLINED MODESTLY FROM SEPTEMBER 2023 WITH DECREASES IN MULTIFAMILY, COMMERCIAL MORTGAGE, ONE-TO FOUR FAMIL
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.19 FOR THE CURRENT QUARTER COMPARED TO $0.22 FOR THE TRAILING QUARTER, AND $0.37 FOR THE THIRD QUARTER OF 2022.ON A LINKED QUARTER BASIS, NET INTEREST MARGIN COMPRESSION SLOWED TO NINE BASIS POINTS VERSUS A 29 BASIS POINT DECREASE FOR THE QUARTER ENDED JUNE 30, 2023. TOTAL DEPOSITS (EXCLUDING BROKERED) INCREASED BY APPROXIMATELY $76 MILLION, OR 8.4% ANNUALIZED, FROM JUNE 30, 2023, DRIVEN BY INCREASES IN CERTIFICATES OF DEPOSITS, TRANSACTION ACCOUNTS, AND SAVINGS ACCOUNTS. COST OF DEPOSITS WAS 146 BASIS POINTS FOR THE CURRENT QUARTER AS COMPARED TO 113 BASIS POINTS FOR THE TRAILING QUARTER.LOAN BALANCES DECLINED MODEST
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.22 FOR THE CURRENT QUARTER AS COMPARED TO $0.26 FOR THE TRAILING QUARTER, AND $0.34 FOR THE SECOND QUARTER OF 2022.NET INTEREST MARGIN DECREASED BY 29 BASIS POINTS TO 2.34% FOR THE CURRENT QUARTER AS COMPARED TO 2.63% FOR THE TRAILING QUARTER, AND BY 69 BASIS POINTS COMPARED TO 3.03% FOR THE SECOND QUARTER OF 2022. LOANS HELD-FOR-INVESTMENT INCREASED BY $32.1 MILLION, OR 3.0% ANNUALIZED, FROM MARCH 31, 2023, PRIMARILY IN MULTIFAMILY AND COMMERCIAL REAL ESTATE.CREDIT QUALITY REMAINS STRONG WITH NON-PERFORMING LOANS TO TOTAL LOANS AT 0.24% AS COMPARED TO 0.22% AT MARCH 31, 2023.TOTAL DEPOSITS (EXCLUDING BROKERED) DECREA
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.26 FOR THE CURRENT QUARTER AS COMPARED TO $0.31 FOR THE TRAILING QUARTER, AND $0.30 FOR THE FIRST QUARTER OF 2022.NET INTEREST MARGIN DECREASED BY 26 BASIS POINTS TO 2.63% COMPARED TO 2.89% FOR THE TRAILING QUARTER, AND BY 24 BASIS POINTS COMPARED TO 2.87% FOR THE FIRST QUARTER OF 2022. TOTAL DEPOSITS (EXCLUDING BROKERED) MODESTLY DECREASED FOR THE CURRENT QUARTER BY $64.7 MILLION, OR 1.7%: COST OF DEPOSITS WAS 79 BASIS POINTS FOR THE CURRENT QUARTER AS COMPARED TO 52 BASIS POINTS FOR THE TRAILING QUARTER.UNINSURED DEPOSITS (EXCLUDING BROKERED AND COLLATERALIZED GOVERNMENTAL) ARE ESTIMATED AT APPROXIMATELY $836.0 MILL
NOTABLE ITEMS INCLUDE: FOURTH QUARTER 2022 DILUTED EARNINGS PER SHARE OF $0.31 FOR THE FOURTH QUARTER OF 2022, COMPARED TO $0.37 FOR THE TRAILING QUARTER, AND $0.34 FOR THE FOURTH QUARTER OF 2021.NET INTEREST MARGIN DECREASED BY 19 BASIS POINTS TO 2.89% COMPARED TO 3.08% FOR THE TRAILING QUARTER, AND BY SEVEN BASIS POINTS COMPARED TO 2.96% FOR THE FOURTH QUARTER OF 2021. Net interest income included loan prepayment income of $287,000 in the current quarter as compared to $1.6 million in the trailing quarter and $2.0 million in the fourth quarter of 2021.Net interest income included Paycheck Protection Program ("PPP") fees of $1.3 million in the fourth quarter of 2021. CREDIT QUALITY
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.37 FOR THE CURRENT QUARTER AS COMPARED TO $0.34 FOR THE TRAILING QUARTER, AND $0.33 FOR THE THIRD QUARTER OF 2021.NET INTEREST INCOME OF $42.0 MILLION INCREASED $1.9 MILLION FROM THE TRAILING QUARTER AND $3.6 MILLION FROM THE THIRD QUARTER OF 2021.NET INTEREST MARGIN INCREASED BY FIVE BASIS POINTS TO 3.08% COMPARED TO 3.03% FOR THE TRAILING QUARTER, AND BY NINE BASIS POINTS COMPARED TO 2.99% FOR THE THIRD QUARTER OF 2021.LOANS HELD-FOR-INVESTMENT, EXCLUDING PAYCHECK PROTECTION PROGRAM ("PPP") LOANS, INCREASED $140.8 MILLION, OR 13.7% ANNUALIZED, FROM JUNE 30, 2022. CREDIT QUALITY REMAINS STRONG WITH NON-PERFORMING L
DILUTED EARNINGS PER SHARE WERE $0.34 FOR THE CURRENT QUARTER AS COMPARED TO $0.30 FOR THE TRAILING QUARTER, AND $0.40 FOR THE SECOND QUARTER OF 2021.NET INTEREST MARGIN INCREASED BY 16 BASIS POINTS TO 3.03% COMPARED TO 2.87% FOR THE TRAILING QUARTER, AND BY SEVEN BASIS POINTS COMPARED TO 2.96% FOR THE SECOND QUARTER OF 2021. LOANS HELD-FOR-INVESTMENT, EXCLUDING PAYCHECK PROTECTION PROGRAM ("PPP") LOANS, INCREASED $225.7 MILLION, OR 23.3% ANNUALIZED, DURING THE QUARTER. CREDIT QUALITY REMAINS STRONG WITH NON-PERFORMING LOANS TO TOTAL LOANS AT 0.25%.TOTAL TRANSACTION DEPOSITS INCREASED $28.3 MILLION, OR 5.2% ANNUALIZED, DURING THE QUARTER. TRANSACTION ACCOUNTS REPRESENT 50% OF TOTAL DEPOSITS
Northfield Bancorp (NASDAQ:NFBK) reported quarterly earnings of $0.14 per share which met the analyst consensus estimate. This is a 36.36 percent decrease over earnings of $0.22 per share from the same period last year. The company reported quarterly sales of $28.69 million which beat the analyst consensus estimate of $28.09 million by 2.13 percent. This is a 7.94 percent decrease over sales of $31.16 million the same period last year.
With U.S. stock futures trading mixed this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Lennar Corporation (NYSE:LEN) to report quarterly earnings at $3.24 per share on revenue of $8.52 billion after the closing bell, according to data from Benzinga Pro. Lennar shares gained 0.04% to close at $155.10 on Friday. Northfield Bancorp, Inc. (NASDAQ:NFBK) approved a new $10 million stock repurchase program. Northfield Bancorp shares declined 2.5% to close at $7.79 on Friday. Analysts are expecting La-Z-Boy Incorporated (NYSE:LZB) to post quarterly earnings at 70 cents per share on revenue of $516.44 million. The company will
- SEC Filing
Piper Sandler analyst Frank Schiraldi maintains Northfield Bancorp (NASDAQ:NFBK) with a Neutral and lowers the price target from $13 to $11.
Northfield Bancorp (NASDAQ:NFBK) reported quarterly earnings of $0.15 per share which met the analyst consensus estimate. This is a 42.31 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $27.884 million which missed the analyst consensus estimate of $28.990 million by 3.82 percent. This is a 20.09 percent decrease over sales of $34.896 million the same period last year.
Keefe, Bruyette & Woods analyst Christopher O'Connell maintains Northfield Bancorp (NASDAQ:NFBK) with a Market Perform and lowers the price target from $12 to $11.
Monday marks the last chance for investors to receive the next dividend payout from Northfield Bancorp (NASDAQ:NFBK). What's Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 13 cents per share. On Tuesday, Northfield Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 13 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own NFBK as of the end of Monday's session are eligible to receive the 13 cents d