---
schema_version: "secwatch.filing_event.v1"
accession: "0001493225-23-000075"
form_type: "8-K"
ticker: "NFBK"
cik: "0001493225"
company_name: "Northfield Bancorp, Inc."
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T04:54:36.092522+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493225-23-000075
- form_type: 8-K
- ticker: NFBK
- cik: 0001493225
- company_name: Northfield Bancorp, Inc.
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1493225/000149322523000075/0001493225-23-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1493225/000149322523000075/nfbk-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493225-23-000075
- JSON: https://secwatch.observer/filing/0001493225-23-000075.json
- Plain text: https://secwatch.observer/filing/0001493225-23-000075.txt

## Key facts
- Earnings Releases
  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
  source text: reported net income of $11.7 million, or $0.26, per diluted share for the three months ended March 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1493225/000149322523000075/0001493225-23-000075-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.