NASDAQ$NFBK

Northfield Bancorp Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Reported a solid financial performance with increased net interest income and net interest margin, while maintaining strong asset quality and capital levels.

Northfield Bancorp reported a net income of $11.3 million, or $0.27 per diluted share, for the quarter ended December 31, 2024, compared to $8.2 million, or $0.19 per diluted share, for the quarter ended December 31, 2023. The quarter's results included a $3.4 million gain on the sale of property.

  • Diluted earnings per share were $0.27 for Q4 2024, compared to $0.19 for Q4 2023.
  • Net interest margin increased by 10 basis points to 2.18% for the current quarter.
  • Deposits (excluding brokered) increased by $81.6 million, or 8.6% annualized, compared to September 30, 2024.
  • Asset quality remains strong with non-performing loans to total loans at 0.51% compared to 0.75% at September 30, 2024.

Headline financials

Total Revenue

$29.7M

Previous: $28.9M+2.7%
EPS (adj)

$0.27

Previous: $0.19+42.1%
Net interest margin

2.2%

No prior period
Efficiency ratio

56.8%

No prior period
NPA to total assets

0.4%

No prior period
NPL to total loans

0.5%

No prior period
Return on assets

0.8%

No prior period
Return on equity

6.4%

No prior period
Avg equity to avg assets

12.3%

No prior period
Interest rate spread

1.5%

No prior period
Non-int exp to avg assets

1.5%

No prior period
Non-int exp to IE assets

1.5%

No prior period
IE assets to IB liab

129.2%

No prior period
ACL to NPL

227.7%

No prior period
ACL to total loans

0.9%

No prior period
Capital Expenditures

-$242K

No prior period
Net Income

$11.3M

Previous: $8.2M+37.8%

Revenue & EPS history

Northfield Bancorp · Revenue · Quarterly

$29.7M

Q4 2024+2.7%vs Q4 2023
Beat estimate in 9 of 13 quarters(69%)
ActualEstimate

Forward guidance

While significant economic and market risks remain, recent decreases in short-term market interest rates, and other factors, should provide our marketplace and the Company with growth opportunities in the new year.

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 2024

Historical avgQ4 2024

-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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