secwatch.observer — SEC 8-K summary
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Issuer:     Northfield Bancorp, Inc. (NFBK)
CIK:        0001493225
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001493225-25-000053
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1493225/000149322525000053/0001493225-25-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1493225/000149322525000053/nfbk-20250423.htm
  HTML page:      https://secwatch.observer/filing/0001493225-25-000053

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