Northfield Bancorp Q1 2023 EPS $0.26 down from $0.30 YoY; net interest margin falls 24 bps

Northfield Bancorp, Inc.

2023-Q1 EPS reported $0.26 revenue$1,380,000

Net income $11.7M ($0.26 diluted EPS) vs $14.1M ($0.30) in Q1 2022 and $14.1M ($0.31) in Q4 2022.
Net interest margin 2.63%, down 24 bps YoY and 26 bps QoQ; cost of deposits rose to 79 bps from 52 bps.
Total deposits (ex-brokered) decreased $64.7M (1.7%); uninsured deposits estimated at $836M (22% of total deposits).
Non-performing loans to total loans 0.22% (strong); net charge-offs $2.0M vs $102k YoY, primarily on unsecured C&I loans.
Declared $0.13/share cash dividend payable May 24, 2023; repurchased 1.1M shares for $16M, then suspended.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Northfield Bancorp, Inc. reported quarter ended March 31, 2023 results: net income $11.7 million, EPS $0.26 per diluted share.

Period: quarter ended March 31, 2023
Net income: $11.7 million
EPS: $0.26 per diluted share
Result: reported results

Exact text from the filing

reported net income of $11.7 million, or $0.26, per diluted share for the three months ended March 31, 2023

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Source: SEC EDGAR

accession 0001493225-23-000075

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