NASDAQ$NFBK

Northfield Bancorp Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong financial performance driven by an increase in net interest margin and a decrease in non-interest expense.

Northfield Bancorp reported diluted earnings per share of $0.33 for the third quarter of 2021, compared to $0.17 for the same quarter in 2020. The company's net interest margin increased by 49 basis points to 2.99% compared to the third quarter of 2020. Total loans, excluding PPP loans, increased by $59.4 million, or 6.5% annualized, during the quarter, and deposits, excluding brokered deposits, increased by $98.8 million, or 9.9% annualized.

  • Diluted earnings per share were $0.33 for the current quarter as compared to $0.17 for the third quarter of 2020.
  • Net interest margin increased by 49 basis points to 2.99% compared to 2.50% for the third quarter of 2020.
  • Total loans, excluding Paycheck Protection Program ("PPP") loans, increased $59.4 million, or 6.5% annualized, during the quarter.
  • Deposits, excluding brokered, increased $98.8 million, or 9.9% annualized during the quarter.

Headline financials

Total Revenue

$41M

Previous: $35.6M+15.2%
EPS (adj)

$0.33

Previous: $0.23+43.5%
Net interest margin

3.0%

No prior period
Efficiency ratio

46.4%

No prior period
NPL to total loans

0.2%

Previous: 0.3%-33.3%
Capital Expenditures

-$1.29M

Previous: -$1.58M+18.0%
Free Cash Flow

$14.8M

Previous: $7.01M+111.1%
Net Income

$16.1M

Previous: $8.58M+87.4%
Operating Income

$27.6M

Previous: $15.5M+77.5%
Gross Profit

$40.9M

Previous: $35.5M+15.3%
Cash & Equivalents

$174M

Previous: $351M-50.5%
Total Assets

$5.4B

Previous: $5.59B-3.4%
Stock-Based Comp

$741K

Previous: $647K+14.5%

Revenue & EPS history

Northfield Bancorp · Revenue · Quarterly

$41M

Q3 2021+15.2%vs Q3 2020
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 Q3 2021

Historical avgQ3 2021

-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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