Northfield Bancorp Q1 EPS $0.19 vs $0.27 QoQ; NIM expands; $10M buyback approved

Northfield Bancorp, Inc.

2025-Q1 EPS reported $0.19 revenue$1,620,000

Q1 2025 net income $7.9M ($0.19 diluted EPS) vs $11.3M ($0.27) in Q4 2024 and $6.2M ($0.15) in Q1 2024.
Net interest margin improved to 2.38% from 2.18% QoQ and 2.03% YoY, driven by lower funding costs and higher yields.
Provision for credit losses on loans rose to $2.6M (from $415K YoY) due to $2.8M in net charge-offs on C&I loans.
Board approved new $10M stock repurchase program; prior $5M plan completed. Dividend $0.13 payable May 21.
Deposits ex-brokered grew $133.6M (13.8% annualized); loans declined $30.7M; NPL ratio 0.48% remains low.

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