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

Issuer:     Northfield Bancorp, Inc. (NFBK)
CIK:        0001493225
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001493225-23-000111
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493225/000149322523000111/0001493225-23-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493225/000149322523000111/nfbk-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001493225-23-000111

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