secwatch.observer — SEC 8-K summary
======================================

Issuer:     Northfield Bancorp, Inc. (NFBK)
CIK:        0001493225
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001493225-23-000075
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493225/000149322523000075/0001493225-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493225/000149322523000075/nfbk-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001493225-23-000075

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