Northfield Bancorp (NFBK) came out with quarterly earnings of $0.16 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this holding company for Northfield Bank would post earnings of $0.14 per share when it actually produced earnings of $0.17, delivering a surprise of 21.43%.Over the last four quarters, the company has surpassed consensus EPS estimates two times. ...

Northfield Bancorp (NFBK) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a ch ...

STATEN ISLAND, N.Y., Sept. 18, 2024 (GLOBE NEWSWIRE) -- The Northfield Bank Foundation announced today that John P. Connors, Jr. has been named Chair of the Foundation's Board of Directors. Mr. Connors is an attorney admitted to practice in the State and Federal Courts in the States of New York and New Jersey and the District of Columbia, and has been a member of the Northfield Bank Foundation's Board of Directors since 2008. Mr. Connors also serves as a director and former Lead Independent Director of Nort ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from __________ to __________ Commission File Number: 001-35791 Northfield Bancorp, Inc. (Exact name of registrant as specified in its charter) Delaware 80-0882592 (State or other ...

None of the loans that are rent-regulated in New York are interest only. During the remainder of 2024, eight loans with an aggregate principal balance of $13.3 million will re-price. 12 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------|-------------------------------|------------------------------|-----------------------------|---------------------------------------------|------------------------------------------------|---- ...

While Northfield has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.17 on $32.3 million in revenues for the coming quarter and $0.65 on $127.49 million in revenues for the current fiscal year. Riverview Bancorp's revenues are expected to be $12.2 million, down 10.6% from the year- ...

Core Viewpoint - Northfield Bancorp, Inc. reported a decrease in net income and net interest income for the second quarter of 2024, primarily due to rising interest expenses and a decline in loan balances, while maintaining strong asset quality and liquidity. Financial Performance - Net income for the three months ended June 30, 2024, was $6.0 million, or $0.14 per diluted share, compared to $9.6 million, or $0.22 per diluted share, for the same period in 2023 [24][44] - Net interest income decreased by $2.5 million, or 7.9%, to $28.7 million for the quarter ended June 30, 2024, due to an $11.0 million increase in interest expense [45][50] - The net interest margin increased by six basis points to 2.09% from the previous quarter, primarily due to higher yields on interest-earning assets [34][31] Loan and Deposit Trends - Total loans held-for-investment decreased by $112.4 million, or 2.7%, to $4.09 billion at June 30, 2024, reflecting a strategic focus on managing loan concentrations and disciplined pricing [54] - Deposits (excluding brokered) decreased by $24 million, or 2.5% annualized, compared to the trailing quarter [20] Asset Quality - Non-performing loans to total loans remained stable at 0.42% at June 30, 2024, indicating strong asset quality [20][24] - The provision for credit losses on loans decreased to a benefit of $618,000 for the quarter ended June 30, 2024, compared to a provision of $30,000 for the same period in 2023 [46] Capital and Liquidity - The company maintained strong liquidity with approximately $622 million in unpledged available-for-sale securities and loans readily available-for-pledge of approximately $790 million [20] - Borrowed funds increased to $1.15 billion at June 30, 2024, from $920.5 million at December 31, 2023, primarily due to favorable terms under the Federal Reserve Bank Term Funding Program [5][39] Non-Interest Income and Expenses - Non-interest income decreased by $522,000, or 15.4%, to $2.9 million for the quarter ended June 30, 2024, primarily due to a decrease in gains on sales of trading securities [36] - Non-interest expense increased by $2.2 million, or 10.7%, to $23.0 million for the quarter ended June 30, 2024, primarily due to higher compensation and employee benefits [48]

WOODBRIDGE, N.J., July 16, 2024 (GLOBE NEWSWIRE) -- Northfield Bank, wholly-owned subsidiary of Northfield Bancorp, Inc. (NASDAQ: NFBK), announced today that Steven M. Klein, President and Chief Executive Officer, has been named to the Board of Directors of the Federal Home Loan Bank of New York (the "FHLBNY"). Mr. Klein stated, "The FHLBNY has stood strong for nearly a century, and I am honored to join the Board and work closely with my fellow Directors to support the FHLBNY's commitment to our Members and ...

Mr. Klein stated, "The FHLBNY has stood strong for nearly a century, and I am honored to join the Board and work closely with my fellow Directors to support the FHLBNY's commitment to our Members and the communities we serve." About Northfield Bank About the Federal Home Loan Bank of New York The FHLB-NY is a Congressionally chartered, wholesale Bank. It is part of the Federal Home Loan Bank System, a national wholesale banking network of 11 regional, stockholder-owned banks. As of March 31, 2024, the FHLB- ...

Given its strong balance sheet and liquidity position, Northfield is expected to be able to sustain current capital distributions. This will keep enhancing shareholders' wealth. Image Source: Zacks Investment Research Shares of NFBK have plunged 35.5% over the past six months compared with the industry's decline of 20.3%. Currently, NFBK carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. As of May 28, 2024, CATY had roughly 72.8 million common sh ...