secwatch.observer — SEC 8-K summary
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Issuer:     Northfield Bancorp, Inc. (NFBK)
CIK:        0001493225
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001493225-24-000130
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493225/000149322524000130/0001493225-24-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493225/000149322524000130/nfbk-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001493225-24-000130

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