earnings
confidence high
sentiment neutral
materiality 0.75
Northfield Bancorp Q4 net income $11.3M ($0.27 EPS) vs $8.2M a year ago; NIM 2.18%
Northfield Bancorp, Inc.
2024-FY EPS reported
$0.72
revenue$6,430,000
- Q4 2024 diluted EPS $0.27, up from $0.19 in Q4 2023 and $0.16 in Q3 2024; includes $0.06 gain from branch sale.
- Full year 2024 net income $29.9M ($0.72) vs $37.7M ($0.86) in 2023; net interest income down 8.2% to $114.5M.
- Net interest margin improved to 2.18% in Q4 2024, up 10 bps from Q3 2024; cost of deposits decreased.
- Non-performing loans ratio improved to 0.51% from 0.75% at Sep 2024; deposits (ex-brokered) up 2.6% YoY.
- Declared $0.13 per share cash dividend, payable Feb 19, 2025; record date Feb 5, 2025.