earnings
confidence high
sentiment negative
materiality 0.65
Northfield Bancorp Q1 2022 EPS $0.30, net income $14.1M, loans up 11.5% annualized
Northfield Bancorp, Inc.
2022-Q1 EPS reported
$0.30
revenue$1,331,000
- Diluted EPS $0.30 vs $0.38 in Q1 2021; net income $14.1M vs $18.7M.
- Net interest margin 2.87%, down 23 bps YoY; net interest income $36.9M, down 8.2%.
- Loans held-for-investment ex-PPP grew $108.1M (11.5% annualized); deposits ex-brokered up $143.5M (13.9% annualized).
- Non-performing loans 0.21%; charge-offs $102k; provision $403k vs benefit of $2.4M last year.
- Dividend declared $0.13 per share payable May 25, 2022; repurchased 528k shares for $8.2M.