NASDAQ$NFBK

Northfield Bancorp Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported an increase in net interest margin and earnings per share compared to the previous quarter and prior year quarter, driven by loan growth and disciplined expense management.

Northfield Bancorp reported a strong fourth quarter with diluted earnings per share of $0.26, up from $0.21 in the same quarter of the previous year. The net interest margin increased to 2.83%, and the company enhanced shareholder value through stock repurchases and a cash dividend declaration.

  • Diluted earnings per share of $0.26 for Q4 2020, compared to $0.21 for Q4 2019.
  • Net interest margin increased 33 basis points to 2.83% for the current quarter as compared to 2.50% for the trailing quarter.
  • Originated loans, net, excluding PPP loans, increased $138.6 million, or 17.9% annualized, driven by multifamily loan growth.
  • Enhanced shareholder value with $10.3 million in stock repurchases.

Headline financials

Total Revenue

$37M

Previous: $28.5M+30.1%
EPS (adj)

$0.26

Previous: $0.21+23.8%
Net interest margin

2.8%

Previous: 2.5%+15.5%
NPL to total loans

0.8%

Previous: 0.3%+165.5%
Capital Expenditures

$1.48M

Previous: $945K+56.9%
Free Cash Flow

$23.6M

Previous: $16.3M+45.2%
Net Income

$13.1M

Previous: $10.1M+29.1%
Operating Income

$17.5M

Previous: $13.2M+32.7%
Gross Profit

$41.1M

Previous: $32.7M+25.9%
Cash & Equivalents

$87.5M

Previous: $148M-40.8%
Total Assets

$5.51B

Previous: $5.06B+9.1%
Stock-Based Comp

$911K

Previous: $1.33M-31.6%

Revenue & EPS history

Northfield Bancorp · Revenue · Quarterly

$37M

Q4 2020+30.1%vs Q4 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. Any or all of the forward-looking statements in this release and in any other public statements made by Northfield Bancorp, Inc. may turn out to be wrong.

Headwinds

  • general economic conditions, particularly in the market areas in which the Company operates
  • the effects of the COVID-19 pandemic, including the effects of the steps taken to address the pandemic and their impact on the Company’s market and employees
  • competition among depository and other financial institutions
  • changes in laws or government regulations or policies affecting financial institutions, including changes in regulatory fees and capital requirements
  • inflation and changes in the interest rate environment that reduce our margins or reduce the fair value of financial instruments

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 2020

Historical avgQ4 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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