Northfield Bancorp Q1 net income $6.2M ($0.15 EPS); NIM falls to 2.03%; new $5M buyback

Northfield Bancorp, Inc.

2024-Q1 EPS reported $0.15 revenue$1,615,000

Diluted EPS $0.15 vs $0.19 Q4 2023 and $0.26 Q1 2023; net interest income $27.9M, down 20.1% YoY.
Net interest margin 2.03%, down 14 bps from Q4 2023 and 60 bps from Q1 2023; cost of deposits up 28 bps to 2.03%.
Non-performing loans / total loans rose to 0.41% from 0.27% at Dec 31, 2023.
Board declared $0.13/share dividend payable May 22, 2024; approved new $5.0M stock repurchase program.
Company repurchased 252,631 shares for $3.1M in Q1; non-interest expense up $1.4M QoQ.

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 quarter ended March 31, 2024 results: net income $6.2 million, EPS $0.15 per diluted share.

Period: the quarter ended March 31, 2024
Net income: $6.2 million
EPS: $0.15 per diluted share
Result: reported results

Exact text from the filing

Northfield Bancorp, Inc. (the "Company") issued a press release announcing its earnings for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001493225-24-000077

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