NASDAQ$NFBK

Northfield Bancorp Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported diluted earnings per common share of $0.30 for the quarter ended March 31, 2022.

Northfield Bancorp reported a strong quarter with diluted earnings per share of $0.30. The company saw growth in loan and deposit balances, maintained pristine credit quality, and managed expenses prudently. The Board of Directors declared a cash dividend of $0.13 per common share.

  • Diluted earnings per share were $0.30 for the current quarter as compared to $0.38 for the first quarter of 2021.
  • Net interest margin decreased by nine basis points to 2.87% compared to 3.10% for the first quarter of 2021.
  • Loans held-for-investment, excluding Paycheck Protection Program (“PPP”) loans, increased $108.1 million, or 11.5% annualized, during the quarter.
  • Deposits, excluding brokered, increased $143.5 million, or 13.9% annualized, during the quarter.

Headline financials

Total Revenue

$38.6M

Previous: $42.8M-9.9%
EPS (adj)

$0.30

Previous: $0.38-21.1%
Net interest margin

2.9%

Previous: 3.1%-7.4%
Efficiency ratio

48.5%

Previous: 45.7%+6.1%
NPL to total loans

0.2%

No prior period
Capital Expenditures

-$365K

Previous: -$293K-24.6%
Free Cash Flow

$13.8M

Previous: $18.4M-25.1%
Net Income

$14.1M

Previous: $18.7M-24.4%
Operating Income

$27.1M

Previous: $27.7M-2.3%
Gross Profit

$38.2M

Previous: $40.4M-5.6%
Cash & Equivalents

$136M

Previous: $128M+6.2%
Total Assets

$5.52B

Previous: $5.58B-1.1%
Stock-Based Comp

$847K

Previous: $656K+29.1%

Revenue & EPS history

Northfield Bancorp · Revenue · Quarterly

$38.6M

Q1 2022-9.9%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
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 2022

Historical avgQ1 2022

-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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