secwatch.observer — SEC 8-K summary
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Issuer:     Northfield Bancorp, Inc. (NFBK)
CIK:        0001493225
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001493225-23-000095
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 Q2 EPS $0.22, down 35% YoY; net interest margin shrinks to 2.34%
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- Diluted EPS $0.22 vs $0.34 in Q2 2022; net income $9.6M, down 40% YoY.
- Net interest margin 2.34%, down 29 bps from Q1 2023 and 69 bps YoY; higher funding costs.
- Total deposits (ex-brokered) fell $102.5M in Q2; cost of deposits rose to 113 bps from 79 bps.
- Loan portfolio grew $32.1M (3.0% annualized); non-performing loans 0.24%, credit quality stable.
- Declared $0.13 dividend; repurchased 1.3M shares for $13.3M; new $10M buyback authorized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493225/000149322523000095/0001493225-23-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493225/000149322523000095/nfbk-20230726.htm
  HTML page:      https://secwatch.observer/filing/0001493225-23-000095

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