secwatch.observer — SEC 8-K summary
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Issuer:     Northfield Bancorp, Inc. (NFBK)
CIK:        0001493225
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001493225-24-000077
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493225/000149322524000077/0001493225-24-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493225/000149322524000077/nfbk-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001493225-24-000077

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