Northfield Bancorp, Inc. Aktie News

NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.15 FOR THE CURRENT QUARTER COMPARED TO $0.19 FOR THE TRAILING QUARTER, AND $0.26 FOR THE FIRST QUARTER OF 2023. NET INTEREST INCOME OF $27.9 MILLION, DECREASED $1.0 MILLION, OR 3.6%, PRIMARILY REFLECTING INCREASED FUNDING COSTS AND LOWER LOAN BALANCES.

Interest rate cuts will trigger loan growth and help the margin to expand this year. Northfield Bancorp's earnings will likely remain flat as operating expense growth will counter loan and margin growth. The December 2024 target price suggests a price upside of over 22%.

WOODBRIDGE, N.J., Jan. 24, 2024 (GLOBE NEWSWIRE) -- NORTHFIELD BANCORP, INC. (Nasdaq:NFBK) (the “Company'), today announced that its Boards of Directors appointed Dr. Rachana A. Kulkarni as a director of both the Company and Northfield Bank effective February 1, 2024.

NOTABLE ITEMS INCLUDE: FOURTH QUARTER 2023 DILUTED EARNINGS PER SHARE OF $0.19 FOR THE FOURTH QUARTER OF 2023, COMPARED TO $0.19 FOR THE TRAILING QUARTER, AND $0.31 FOR THE FOURTH QUARTER OF 2022. NET INTEREST MARGIN COMPRESSION SLOWED TO EIGHT BASIS POINTS COMPARED TO A NINE BASIS POINT DECREASE FOR THE QUARTER ENDED SEPTEMBER 30, 2023.

NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.19 FOR THE CURRENT QUARTER COMPARED TO $0.22 FOR THE TRAILING QUARTER, AND $0.37 FOR THE THIRD QUARTER OF 2022. ON A LINKED QUARTER BASIS, NET INTEREST MARGIN COMPRESSION SLOWED TO NINE BASIS POINTS VERSUS A 29 BASIS POINT DECREASE FOR THE QUARTER ENDED JUNE 30, 2023.

WOODBRIDGE, N.J., Aug. 28, 2023 (GLOBE NEWSWIRE) -- Northfield Bank, wholly-owned subsidiary of Northfield Bancorp, Inc. (NASDAQ: NFBK), announced today that Vickie Tomasello has joined Northfield Bank (“Northfield” or the “Bank”) as Executive Vice President and Chief Risk Officer. Ms. Tomasello will be responsible for managing the effective governance of risk programs and overseeing the Inform...

NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.22 FOR THE CURRENT QUARTER AS COMPARED TO $0.26 FOR THE TRAILING QUARTER, AND $0.34 FOR THE SECOND QUARTER OF 2022. NET INTEREST MARGIN DECREASED BY 29 BASIS POINTS TO 2.34% FOR THE CURRENT QUARTER AS COMPARED TO 2.63% FOR THE TRAILING QUARTER, AND BY 69 BASIS POINTS COMPARED TO 3.03% FOR THE SECOND QUARTER OF 2022.

NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.26 FOR THE CURRENT QUARTER AS COMPARED TO $0.31 FOR THE TRAILING QUARTER, AND $0.30 FOR THE FIRST QUARTER OF 2022. NET INTEREST MARGIN DECREASED BY 26 BASIS POINTS TO 2.63% COMPARED TO 2.89% FOR THE TRAILING QUARTER, AND BY 24 BASIS POINTS COMPARED TO 2.87% FOR THE FIRST QUARTER OF 2022.