Northfield Q3 EPS $0.19 vs $0.37 a year ago; net interest margin compression slows to 9 bps

Northfield Bancorp, Inc.

2023-Q3 EPS reported $0.67 revenue$4,006,000

Net income $8.2M ($0.19 diluted EPS) vs $9.6M ($0.22) in Q2 2023 and $17.0M ($0.37) in Q3 2022.
Net interest margin fell 9 bps to 2.25% (linked quarter), an improvement from 29 bps decline in Q2.
Total deposits (ex-brokered) grew $76M (8.4% annualized) from June 30, 2023.
Net charge-offs $2.9M on small business unsecured C&I loans; non-performing loans/total loans stable at 0.24%.
Declared $0.13/share dividend payable Nov 22, 2023; repurchased 285,588 shares for $3.2M in Q3.

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 0.95

Northfield Bancorp, Inc. reported the three months ended September 30, 2023 results: net income $8.2 million, EPS $0.19 per diluted share.

Period: the three months ended September 30, 2023
Net income: $8.2 million
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

reported net income of $8.2 million, or $0.19 per diluted share for the three months ended September 30, 2023

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Source: SEC EDGAR

accession 0001493225-23-000111

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