secwatch.observer — SEC 8-K summary
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Issuer:     Northfield Bancorp, Inc. (NFBK)
CIK:        0001493225
Form:       8-K
Filed at:   2022-08-01T23:59:59+00:00
Accession:  0001493225-22-000079
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northfield Bancorp Q2 diluted EPS $0.34 vs $0.40 YoY; net interest margin expands, $45M buyback authorized
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- Diluted EPS of $0.34 for Q2 2022 vs $0.40 in Q2 2021; net income $15.9M vs $19.8M.
- Net interest margin increased 7 bps YoY to 3.03%; loan growth (ex-PPP) +23.3% annualized.
- Issued $62M subordinated debt at 5.0% initial fixed rate; board approved $45M stock repurchase program.
- Non-performing loans to total loans remained low at 0.25%; provision for credit losses was $149K vs $3.7M benefit a year ago.
- Declared $0.13 per share cash dividend payable Aug 24, 2022 to holders of record Aug 10.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493225/000149322522000079/0001493225-22-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493225/000149322522000079/nfbk-20220727.htm
  HTML page:      https://secwatch.observer/filing/0001493225-22-000079

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer