earnings
confidence high
sentiment negative
materiality 0.75
Northfield Bancorp Q4 EPS $0.31, down from $0.37 sequential; full-year EPS $1.32 vs $1.45
Northfield Bancorp, Inc.
2022-FY EPS reported
$1.32
revenue$5,705,000
- Q4 2022 net income $14.1M ($0.31 diluted EPS) vs $17.0M ($0.37) prior quarter and $16.1M ($0.34) year ago.
- Full-year 2022 net income $61.1M ($1.32 diluted EPS) down 13.6% from $70.7M ($1.45) in 2021.
- Net interest margin fell 19 bps sequentially to 2.89% due to faster-rising funding costs; provision for credit losses on loans was $1.2M in Q4 vs $39K a year ago.
- Declared $0.13 per share cash dividend payable Feb 22, 2023 to holders of record Feb 8, 2023.
- Repurchased 556,859 shares ($8.5M) in Q4; total 2.1M shares ($30.8M) for full year.