NASDAQ$NFBK

Northfield Bancorp Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Diluted earnings per share decreased due to an increase in the provision for incurred loan losses primarily attributable to the impact of the COVID-19 pandemic.

Northfield Bancorp reported diluted earnings per common share of $0.10 for the quarter ended March 31, 2020. Net income was $4.6 million for the three months ended March 31, 2020. Net interest income for the three months ended March 31, 2020, increased $2.6 million, or 9.5%.

  • COVID-19 Response: Approved over 570 Paycheck Protection Program loans totaling over $91 million, helping small business customers retain over 9,500 employees.
  • COVID-19 Response: Implemented loan relief programs, and suspended certain deposit fees and charges, to support businesses and individuals.
  • Declared regular quarterly cash dividend of $0.11 per share.
  • Net interest income increased $1.5 million, or 5.1%, over the trailing quarter and $2.6 million, or 9.5%, over the comparable prior year quarter

Headline financials

Total Revenue

$30M

Previous: $30.6M-2.0%
EPS (adj)

$0.22

Previous: $0.19+15.8%
Net interest margin

2.6%

Previous: 2.6%-2.3%
Efficiency ratio

52.2%

No prior period
NPL to total loans

0.3%

Previous: 0.3%-6.9%
Capital Expenditures

-$806K

Previous: -$377K-113.8%
Free Cash Flow

$3.75M

Previous: $8.39M-55.4%
Net Income

$4.55M

Previous: $8.77M-48.1%
Operating Income

$1.35M

Previous: $10.2M-86.7%
Gross Profit

$21.9M

Previous: $30.6M-28.5%
Cash & Equivalents

$115M

Previous: $85.8M+33.6%
Total Assets

$5B

Previous: $4.56B+9.7%
Stock-Based Comp

$894K

Previous: $1.76M-49.3%

Revenue & EPS history

Northfield Bancorp · Revenue · Quarterly

$30M

Q1 2020-2%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

This release may contain certain 'forward looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.2%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+0.1%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+11.8%

Q4 2025

Best reaction

-8.6%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%+0.9%+5.4%
Q4 2025+11.8%+12.6%+9.3%
Q3 2025+1.2%-1.6%-3.6%
Q2 2025-2.4%-1.8%+3.3%
Q1 2025-1.7%-2.5%-1.2%
Q4 2024+4.0%+2.3%-0.4%
Q3 2024-1.7%+0.4%+15.4%
Q2 2024+2.1%+0.2%-1.8%
Q1 2024-7.0%-4.6%+1.0%
Q4 2023+4.8%+4.6%-20.8%
Q3 2023+0.1%-0.6%+13.0%
Q2 2023+2.6%+0.6%-12.6%
Q1 2023-1.5%-3.8%-2.4%
Q4 2022-8.6%-7.4%-6.7%
Q3 2022+0.3%+3.4%+1.9%
Q2 2022+5.3%+7.4%+8.5%
Q1 2022+1.3%-2.3%-1.4%
Q4 2021-6.0%-6.5%-6.3%
Q3 2021+0.5%+2.8%-2.3%
Q2 2021+3.3%+2.5%+6.3%
Q1 2021+0.6%+1.9%+4.8%
Q4 2020-2.6%-2.1%+6.5%
Q3 2020-3.0%-0.7%+11.1%
Q2 2020+1.3%-6.0%-6.6%
Q1 2020+0.4%-1.3%-2.7%
Q4 2019-0.6%-2.5%-14.5%
Q3 2019-1.1%+0.5%-0.4%
Q2 2019-0.8%+0.6%-3.7%
Q1 2019+0.2%+3.5%+3.7%
Q4 2018+0.1%+1.8%+4.0%
Q3 2018-7.8%-7.0%-4.7%
Q2 2018-1.0%-4.6%-2.1%
Q1 2018-2.0%-1.6%+2.1%
Q4 2017+0.2%-0.8%-5.3%
Q3 2017+1.4%-2.4%-1.0%
Q2 2017-3.7%-1.4%-5.7%
Q1 2017+2.2%+0.4%-10.2%
Q4 2016-0.2%-1.3%+3.4%
Q3 2016+0.1%+1.4%+16.1%
Q2 2016-1.0%-0.6%+4.6%
Q1 2016-3.5%
Q4 2015+2.7%
Q3 2015+1.3%
Q2 2015-3.6%
Q1 2015+0.0%
Q4 2014-0.2%
Q3 2014+0.4%
Q2 2014+2.0%
Q1 2014+1.3%
Q4 2013-1.6%
Q3 2013+0.3%
Q3 2012+0.3%
Q2 2013-0.2%
Q2 2012-0.2%
Q1 2012+0.4%
Q1 2013-1.1%
Q4 2010+0.4%
Q4 2011+0.4%
Q4 2012+0.4%
Q3 2011-1.2%
Q2 2011-3.1%
Q1 2011+0.6%
Q3 2010-0.1%
Q2 2010+0.9%
Q1 2010-3.0%

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