NASDAQ$NFBK

Northfield Bancorp Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported diluted earnings per common share of $0.23 for the quarter ended June 30, 2020.

Northfield Bancorp reported a net income of $10.8 million, or $0.23 per diluted share, for the second quarter of 2020, compared to a net income of $8.2 million, or $0.17 per diluted share, for the second quarter of 2019. The results reflect an increase in net interest income and non-interest income, partially offset by an increase in income tax expense.

  • Diluted earnings per share of $0.23 for the second quarter of 2020, compared to $0.17 for the second quarter of 2019.
  • Completed acquisition of VSB Bancorp, Inc. on July 1, 2020
  • Loans increased $80.2 million, or 9.0% annualized, as compared to March 31, 2020
  • Net interest income increased $297,000, or 1.0%, over the trailing quarter, and $3.1 million, or 11.3%, compared to the prior year quarter

Headline financials

Total Revenue

$34.5M

Previous: $29.7M+16.0%
EPS (adj)

$0.23

Previous: $0.17+35.3%
Net interest margin

2.5%

Previous: 2.5%-0.8%
Efficiency ratio

51.8%

Previous: 63.1%-17.9%
NPL to total loans

0.3%

Previous: 0.3%-18.2%
Return on assets

0.8%

No prior period
Return on equity

6.1%

No prior period
Capital Expenditures

-$1.22M

Previous: -$1.64M+25.3%
Free Cash Flow

$9.57M

Previous: $6.57M+45.7%
Net Income

$10.8M

Previous: $8.2M+31.6%
Operating Income

$13.9M

Previous: $6.55M+111.7%
Gross Profit

$32.5M

Previous: $29.2M+11.3%
Cash & Equivalents

$111M

Previous: $46.9M+136.4%
Total Assets

$5.04B

Previous: $4.77B+5.7%
Stock-Based Comp

$760K

Previous: $1.57M-51.6%

Revenue & EPS history

Northfield Bancorp · Revenue · Quarterly

$34.5M

Q2 2020+16%vs Q2 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 Q2 2020

Historical avgQ2 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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