NFBK Q2 earnings miss YoY: EPS $0.14 ($0.22 YoY), net interest margin 2.09%, dividend $0.13

Northfield Bancorp, Inc.

2024-Q2 EPS reported $0.29 revenue$3,185,000

Net income $6.0M ($0.14/sh) vs $9.6M ($0.22/sh) in Q2 2023; includes $0.03/sh in severance and option costs.
Net interest income $28.7M (up 2.9% QoQ, down 7.9% YoY); net interest margin 2.09%, up 6 bps from prior quarter.
Cash dividend of $0.13/sh declared, payable Aug 21 to holders of record Aug 7.
Repurchased 988,758 shares for $8.7M during Q2; $6.3M remaining under buyback program.
Workforce reduction implemented; annual estimated pre-tax cost savings of $2.0M; severance expense $683k.

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