Published on 25 Apr 2024 on GuruFocus.com via Yahoo Finance
Northfield Bancorp Inc (NFBK) Q1 2024 Earnings: Aligns with Analyst EPS Projections Amidst ...
Earnings Per Share (EPS): Reported at $0.15 for Q1 2024, meeting the analyst estimate of $0.15.Net Income: Recorded at $6.2 million for Q1 2024, falling short of the estimated $6.60 million.Revenue: Net interest income for Q1 2024 was $27.9 million, below the estimated revenue of $28.99 million.Net Interest Margin: Decreased to 2.03% in Q1 2024 from 2.17% in the previous quarter, reflecting higher funding costs and lower loan balances.Loan Portfolio: Total loan balances declined modestly, with a noted increase in commercial and industrial loans but decreases in other categories.Dividends: Declared a cash dividend of $0.13 per share, payable on May 22, 2024.Stock Repurchase: Repurchased 252,631 shares at a cost of $3.1 million and approved a new $5.0 million repurchase plan.
Warning! GuruFocus has detected 2 Warning Sign with NFBK.