NASDAQ$NFBK

Northfield Bancorp Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Net income increased slightly year-over-year, driven by growth in average interest-earning assets and non-interest income.

Northfield Bancorp reported net income of $10.1 million, or $0.21 per diluted share, for Q4 2019. The results reflect an increase in net interest income and non-interest income, offset by increases in the provision for loan losses, non-interest expense, and income tax expense. The company also announced a proposed acquisition of VSB Bancorp, Inc.

  • Diluted earnings per common share were $0.21 for Q4 2019, matching Q4 2018.
  • Originated loans, net, increased $127.4 million, or 17.8% annualized.
  • Deposits, excluding brokered deposits, increased $65.6 million, or 8.5% annualized.
  • The company consolidated three branches effective December 31, 2019.

Headline financials

Total Revenue

$28.5M

Previous: $28M+1.7%
EPS (adj)

$0.21

Previous: $0.21+0.0%
Net interest margin

2.5%

Previous: 2.7%-9.9%
Efficiency ratio

57.3%

No prior period
NPA to total assets

0.2%

No prior period
NPL to total loans

0.3%

No prior period
Capital Expenditures

$945K

Previous: $1.14M-16.7%
Free Cash Flow

$16.3M

Previous: $9.54M+70.8%
Net Income

$10.1M

Previous: $9.95M+1.8%
Operating Income

$13.2M

No prior period
Gross Profit

$32.7M

Previous: $28.6M+14.1%
Cash & Equivalents

$148M

Previous: $77.8M+90.1%
Total Assets

$5.06B

Previous: $4.41B+14.7%
Stock-Based Comp

$1.33M

Previous: $2.16M-38.4%

Revenue & EPS history

Northfield Bancorp · Revenue · Quarterly

$28.5M

Q4 2019+1.7%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

This release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ due to various factors, including economic conditions, competition, and changes in laws and regulations.

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 Q4 2019

Historical avgQ4 2019

-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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