NASDAQ$NFBK

Northfield Bancorp Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong financial performance driven by loan growth and managed expenses.

Northfield Bancorp reported a diluted EPS of $0.34 for Q2 2022, compared to $0.40 for Q2 2021. Net income for the quarter was $15.9 million, down from $19.8 million in the prior year. The net interest margin increased by 16 basis points to 3.03% compared to the trailing quarter.

  • Diluted earnings per share were $0.34 for the current quarter as compared to $0.30 for the trailing quarter, and $0.40 for the second quarter of 2021.
  • Net interest margin increased by 16 basis points to 3.03% compared to 2.87% for the trailing quarter, and by seven basis points compared to 2.96% for the second quarter of 2021.
  • Loans held-for-investment, excluding Paycheck Protection Program (“PPP”) loans, increased $225.7 million, or 23.3% annualized, during the quarter.
  • Total transaction deposits increased $28.3 million, or 5.2% annualized, during the quarter.

Headline financials

Total Revenue

$40.9M

Previous: $43.6M-6.3%
EPS (adj)

$0.34

Previous: $0.40-15.0%
Net interest margin

3.0%

No prior period
NPL to total loans

0.3%

Previous: 0.2%+8.7%
Capital Expenditures

-$1.69M

Previous: -$1.03M-64.5%
Free Cash Flow

$14.2M

Previous: $18.8M-24.4%
Net Income

$15.9M

Previous: $19.8M-19.8%
Operating Income

$28.5M

Previous: $26.2M+8.5%
Gross Profit

$40.7M

Previous: $39.9M+2.0%
Cash & Equivalents

$110M

Previous: $193M-42.9%
Total Assets

$5.65B

Previous: $5.43B+4.1%
Stock-Based Comp

$850K

Previous: $751K+13.2%

Revenue & EPS history

Northfield Bancorp · Revenue · Quarterly

$40.9M

Q2 2022-6.3%vs Q2 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

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 2022

Historical avgQ2 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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