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Northfield Bancorp (NFBK) Financials

Northfield Bancorp logo
$11.90 +0.04 (+0.30%)
As of 02:36 PM Eastern
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Annual Income Statements for Northfield Bancorp

Annual Income Statements for Northfield Bancorp

This table shows Northfield Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 61 38 30
Consolidated Net Income / (Loss)		 61 38 30
Net Income / (Loss) Continuing Operations		 61 38 30
Total Pre-Tax Income 		85 52 41
Total Revenue		 166 137 131
Net Interest Income / (Expense)		 158 125 114
Total Interest Income		 180 209 238
Loans and Leases Interest Income		 162 185 188
Investment Securities Interest Income		 17 20 41
Deposits and Money Market Investments Interest Income		 0.82 4.25 9.41
Total Interest Expense		 21 84 123
Deposits Interest Expense		 10 49 82
Long-Term Debt Interest Expense		 11 35 41
Total Non-Interest Income		 7.98 12 17
Service Charges on Deposit Accounts		 5.71 5.48 6.43
Other Service Charges		 0.34 0.95 1.06
Net Realized & Unrealized Capital Gains on Investments		 -1.47 1.84 5.11
Other Non-Interest Income		 3.41 3.63 4.22
Provision for Credit Losses		 4.48 1.35 4.28
Total Non-Interest Expense		 77 83 87
Salaries and Employee Benefits		 42 46 49
Net Occupancy & Equipment Expense		 22 23 23
Marketing Expense		 2.16 2.17 1.57
Property & Liability Insurance Claims		 1.41 2.33 2.49
Other Operating Expenses		 9.04 9.19 10
Income Tax Expense		 24 14 11
Basic Earnings per Share		 $1.32 $0.86 $0.72
Weighted Average Basic Shares Outstanding		 46.23M 43.56M 41.57M
Diluted Earnings per Share		 $1.32 $0.86 $0.72
Weighted Average Diluted Shares Outstanding		 46.44M 43.64M 41.63M
Weighted Average Basic & Diluted Shares Outstanding		 46.85M 44.46M 43.12M
Cash Dividends to Common per Share		 $0.52 $0.52 $0.52

Quarterly Income Statements for Northfield Bancorp

This table shows Northfield Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 17 14 12 9.56 8.18 8.22 6.21 5.96 6.52 11
Consolidated Net Income / (Loss)		 17 14 12 9.56 8.18 8.22 6.21 5.96 6.52 11
Net Income / (Loss) Continuing Operations		 17 14 12 9.56 8.18 8.22 6.21 5.96 6.52 11
Total Pre-Tax Income 		24 20 16 13 11 11 8.52 9.17 8.89 14
Total Revenue		 44 43 38 34 32 33 31 32 32 37
Net Interest Income / (Expense)		 42 39 35 31 30 29 28 29 28 30
Total Interest Income		 47 49 50 52 53 54 59 60 59 60
Loans and Leases Interest Income		 43 43 44 46 47 47 47 47 47 47
Investment Securities Interest Income		 4.49 5.10 5.18 4.83 4.76 5.03 8.24 11 11 11
Deposits and Money Market Investments Interest Income		 0.20 0.39 0.58 0.82 0.83 2.02 3.39 2.46 1.21 2.35
Total Interest Expense		 5.27 9.42 15 21 23 26 31 32 31 30
Deposits Interest Expense		 2.12 5.68 7.82 10 14 17 19 21 20 22
Long-Term Debt Interest Expense		 3.15 3.74 7.21 10 9.43 8.71 11 11 11 8.01
Total Non-Interest Income		 2.29 3.22 3.33 2.82 2.12 3.63 3.38 2.86 3.58 7.00
Service Charges on Deposit Accounts		 1.50 1.50 1.38 1.31 1.32 1.47 1.62 1.57 1.61 1.63
Other Service Charges		 0.08 0.07 0.57 0.10 0.08 0.20 0.10 0.07 0.27 0.62
Net Realized & Unrealized Capital Gains on Investments		 -0.15 0.78 0.51 0.52 -0.20 1.00 0.70 0.24 0.70 3.47
Other Non-Interest Income		 0.86 0.87 0.87 0.89 0.92 0.95 0.96 0.98 1.00 1.28
Provision for Credit Losses		 2.70 1.23 0.86 0.03 0.19 0.27 0.42 -0.62 2.54 1.94
Total Non-Interest Expense		 18 22 21 21 21 21 22 23 20 21
Salaries and Employee Benefits		 11 12 11 12 11 12 13 13 11 12
Net Occupancy & Equipment Expense		 5.63 5.73 6.07 5.78 5.89 5.53 6.18 5.88 5.26 5.61
Marketing Expense		 0.42 0.90 0.85 0.57 0.41 0.34 0.52 0.48 0.28 0.29
Property & Liability Insurance Claims		 0.36 0.34 0.60 0.57 0.59 0.57 0.59 0.65 0.63 0.63
Other Operating Expenses		 0.68 2.43 2.57 1.51 2.75 2.36 2.28 2.60 2.79 2.54
Income Tax Expense		 6.75 5.54 4.53 3.61 2.88 3.07 2.30 3.21 2.36 2.67
Basic Earnings per Share		 $0.37 $0.31 $0.26 $0.22 $0.19 $0.19 $0.15 $0.14 $0.16 $0.27
Weighted Average Basic Shares Outstanding		 47.77M 46.23M 46.53M 44.99M 44.96M 43.56M 44.34M 43.19M 42.90M 41.57M
Diluted Earnings per Share		 $0.37 $0.31 $0.26 $0.22 $0.19 $0.19 $0.15 $0.14 $0.16 $0.27
Weighted Average Diluted Shares Outstanding		 47.77M 46.44M 46.53M 44.99M 44.96M 43.64M 44.34M 43.19M 42.90M 41.63M
Weighted Average Basic & Diluted Shares Outstanding		 47.77M 46.85M 46.53M 44.99M 44.96M 44.46M 44.34M 43.19M 42.90M 43.12M

Annual Cash Flow Statements for Northfield Bancorp

This table details how cash moves in and out of Northfield Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -45 184 -62
Net Cash From Operating Activities		 83 47 31
Net Cash From Continuing Operating Activities		 83 47 31
Net Income / (Loss) Continuing Operations		 61 38 30
Consolidated Net Income / (Loss)		 61 38 30
Provision For Loan Losses		 4.48 1.35 4.28
Depreciation Expense		 3.65 3.68 3.55
Amortization Expense		 14 12 7.40
Non-Cash Adjustments to Reconcile Net Income		 2.37 -0.97 -5.03
Changes in Operating Assets and Liabilities, net		 -2.48 -6.50 -9.05
Net Cash From Investing Activities		 -280 194 -118
Net Cash From Continuing Investing Activities		 -280 194 -118
Purchase of Investment Securities		 -668 -91 -1,048
Sale of Property, Leasehold Improvements and Equipment		 2.80 0.00 0.00
Sale and/or Maturity of Investments		 349 248 900
Other Investing Activities, net		 37 36 30
Net Cash From Financing Activities		 152 -57 26
Net Cash From Continuing Financing Activities		 152 -57 26
Net Change in Deposits		 -19 -272 260
Issuance of Debt		 61 0.00 0.00
Repurchase of Common Equity		 -31 -37 -19
Payment of Dividends		 -24 -23 -22
Other Financing Activities, Net		 165 275 -194
Cash Interest Paid		 19 80 127
Cash Income Taxes Paid		 22 15 7.36

Quarterly Cash Flow Statements for Northfield Bancorp

This table details how cash moves in and out of Northfield Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -40 -25 113 -70 -8.57 149 9.28 -85 79 -65
Net Cash From Operating Activities		 18 25 18 3.27 12 14 4.24 6.91 14 6.00
Net Cash From Continuing Operating Activities		 18 25 18 3.27 12 14 4.24 6.91 14 6.00
Net Income / (Loss) Continuing Operations		 17 14 12 9.56 8.18 8.22 6.21 5.96 6.52 11
Consolidated Net Income / (Loss)		 17 14 12 9.56 8.18 8.22 6.21 5.96 6.52 11
Provision For Loan Losses		 2.70 1.23 0.86 0.03 0.19 0.27 0.42 -0.62 2.54 1.94
Depreciation Expense		 0.90 0.89 0.91 0.92 0.93 0.91 0.92 0.91 0.88 0.84
Amortization Expense		 3.61 3.27 3.20 3.20 2.88 2.46 0.67 1.48 2.32 2.93
Non-Cash Adjustments to Reconcile Net Income		 -0.34 0.61 -0.27 -1.55 1.24 -0.39 -0.76 -0.65 -0.69 -2.94
Changes in Operating Assets and Liabilities, net		 -5.88 4.85 1.35 -8.90 -1.76 2.81 -3.23 -0.17 2.39 -8.03
Net Cash From Investing Activities		 -84 41 50 56 92 -4.74 -239 24 103 -5.82
Net Cash From Continuing Investing Activities		 -84 41 50 56 92 -4.74 -239 24 103 -5.82
Purchase of Investment Securities		 -160 -26 -26 -46 30 -49 -421 -260 -122 -245
Sale and/or Maturity of Investments		 56 56 65 86 54 42 181 282 218 219
Other Investing Activities, net		 17 12 10 16 8.16 1.82 0.26 1.95 6.57 21
Net Cash From Financing Activities		 26 -91 45 -129 -112 139 244 -116 -37 -65
Net Cash From Continuing Financing Activities		 26 -91 45 -129 -112 139 244 -116 -37 -65
Net Change in Deposits		 -14 -254 -303 -83 -96 210 43 -123 77 263
Repurchase of Common Equity		 -11 -8.61 -16 -13 -3.16 -4.43 -3.31 -8.66 -6.71 -0.00
Payment of Dividends		 -5.98 -5.92 -5.91 -5.79 -5.57 -5.53 -5.56 -5.53 -5.37 -5.36
Other Financing Activities, Net		 -48 283 -248 591 -7.71 -61 -90 321 -102 -323
Cash Interest Paid		 4.77 7.70 14 20 22 24 31 28 28 39
Cash Income Taxes Paid		 8.19 2.70 1.39 8.77 3.18 1.37 1.44 2.64 2.09 1.18

Annual Balance Sheets for Northfield Bancorp

This table presents Northfield Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 5,601 5,598 5,666
Cash and Due from Banks		 15 14 13
Interest Bearing Deposits at Other Banks		 31 216 155
Trading Account Securities		 984 829 1,138
Loans and Leases, Net of Allowance		 4,201 4,166 3,987
Loans and Leases		 4,244 4,204 4,022
Allowance for Loan and Lease Losses		 43 38 35
Loans Held for Sale		 - 0.00 4.90
Accrued Investment Income		 17 18 19
Premises and Equipment, Net		 25 25 22
Goodwill		 41 41 41
Other Assets		 287 290 286
Total Liabilities & Shareholders' Equity		 5,601 5,598 5,666
Total Liabilities		 4,900 4,899 4,962
Non-Interest Bearing Deposits		 4,150 3,878 4,138
Interest Bearing Deposits		 26 25 24
Short-Term Debt		 25 25 0.00
Long-Term Debt		 620 895 728
Other Long-Term Liabilities		 79 75 71
Total Equity & Noncontrolling Interests		 701 699 705
Total Preferred & Common Equity		 701 699 705
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 701 699 705
Common Stock		 591 592 592
Retained Earnings		 418 433 441
Treasury Stock		 -244 -279 -295
Accumulated Other Comprehensive Income / (Loss)		 -48 -32 -20
Other Equity Adjustments		 -16 -14 -13

Quarterly Balance Sheets for Northfield Bancorp

This table presents Northfield Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 5,670 5,663 5,541 5,437 5,852 5,746 5,731
Cash and Due from Banks		 14 14 14 13 14 15 14
Interest Bearing Deposits at Other Banks		 57 144 75 67 225 139 219
Trading Account Securities		 1,025 929 835 776 1,109 1,156 1,098
Loans and Leases, Net of Allowance		 -42 4,200 4,233 4,191 4,125 4,056 4,024
Loans and Leases		 - 4,242 4,274 4,230 4,162 4,091 4,059
Allowance for Loan and Lease Losses		 42 41 41 38 37 35 35
Loans Held for Sale		 0.50 - 0.98 0.95 - - 4.90
Accrued Investment Income		 16 17 18 17 19 19 19
Premises and Equipment, Net		 25 25 25 24 24 24 23
Goodwill		 41 41 41 41 41 41 41
Other Assets		 4,532 292 300 306 293 296 288
Total Liabilities & Shareholders' Equity		 5,670 5,663 5,541 5,437 5,852 5,746 5,731
Total Liabilities		 4,976 4,965 4,854 4,753 5,153 5,053 5,031
Non-Interest Bearing Deposits		 4,404 3,847 3,764 3,669 3,921 3,798 3,876
Interest Bearing Deposits		 26 31 29 26 30 26 22
Short-Term Debt		 25 25 924 919 25 0.00 991
Long-Term Debt		 444 985 61 61 1,101 1,151 61
Other Long-Term Liabilities		 77 77 76 78 76 78 81
Total Equity & Noncontrolling Interests		 693 698 687 684 698 693 700
Total Preferred & Common Equity		 693 698 687 684 698 693 700
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 693 698 687 684 698 693 700
Common Stock		 590 589 590 591 590 590 591
Retained Earnings		 410 424 428 431 434 434 435
Treasury Stock		 -237 -257 -271 -274 -279 -288 -295
Accumulated Other Comprehensive Income / (Loss)		 -54 -42 -45 -48 -32 -29 -18
Other Equity Adjustments		 -16 -15 -15 -15 -14 -14 -14

Annual Metrics And Ratios for Northfield Bancorp

This table displays calculated financial ratios and metrics derived from Northfield Bancorp's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 -2.24% -17.88% -3.85%
EBITDA Growth		 -5.06% -34.61% -23.39%
EBIT Growth		 -12.63% -39.00% -21.75%
NOPAT Growth		 -13.50% -38.37% -20.50%
Net Income Growth		 -13.50% -38.37% -20.50%
EPS Growth		 -8.97% -34.85% -16.28%
Operating Cash Flow Growth		 28.68% -43.63% -33.78%
Free Cash Flow Firm Growth		 -148.47% -91.13% 192.09%
Invested Capital Growth		 15.89% 20.33% -11.57%
Revenue Q/Q Growth		 -0.79% -6.83% 3.26%
EBITDA Q/Q Growth		 -3.06% -12.01% 6.26%
EBIT Q/Q Growth		 -3.94% -13.94% 6.95%
NOPAT Q/Q Growth		 -3.11% -13.58% 11.25%
Net Income Q/Q Growth		 -3.11% -13.58% 11.25%
EPS Q/Q Growth		 -2.22% -12.24% 12.50%
Operating Cash Flow Q/Q Growth		 4.53% -18.53% -21.04%
Free Cash Flow Firm Q/Q Growth		 -298.62% 48.55% 458.09%
Invested Capital Q/Q Growth		 15.86% -2.66% -18.23%
Profitability Metrics		 - - -
EBITDA Margin		 61.77% 49.18% 39.19%
EBIT Margin		 51.03% 37.90% 30.84%
Profit (Net Income) Margin		 36.75% 27.58% 22.81%
Tax Burden Percent		 72.02% 72.78% 73.94%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 27.98% 27.22% 26.06%
Return on Invested Capital (ROIC)		 4.87% 2.54% 1.96%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.87% 2.54% 1.96%
Return on Net Nonoperating Assets (RNNOA)		 3.61% 2.84% 2.30%
Return on Equity (ROE)		 8.48% 5.38% 4.27%
Cash Return on Invested Capital (CROIC)		 -9.85% -15.91% 14.24%
Operating Return on Assets (OROA)		 1.54% 0.92% 0.72%
Return on Assets (ROA)		 1.11% 0.67% 0.53%
Return on Common Equity (ROCE)		 8.48% 5.38% 4.27%
Return on Equity Simple (ROE_SIMPLE)		 8.71% 5.39% 4.25%
Net Operating Profit after Tax (NOPAT)		 61 38 30
NOPAT Margin		 36.75% 27.58% 22.81%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 39.99% 52.67% 56.23%
Operating Expenses to Revenue		 46.27% 61.11% 65.90%
Earnings before Interest and Taxes (EBIT)		 85 52 41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 103 67 51
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.96 0.76 0.70
Price to Tangible Book Value (P/TBV)		 1.02 0.81 0.74
Price to Revenue (P/Rev)		 4.06 3.90 3.76
Price to Earnings (P/E)		 11.05 14.15 16.47
Dividend Yield		 3.68% 4.39% 4.52%
Earnings Yield		 9.05% 7.07% 6.07%
Enterprise Value to Invested Capital (EV/IC)		 0.95 0.76 0.74
Enterprise Value to Revenue (EV/Rev)		 7.66 8.96 8.02
Enterprise Value to EBITDA (EV/EBITDA)		 12.41 18.22 20.47
Enterprise Value to EBIT (EV/EBIT)		 15.02 23.65 26.00
Enterprise Value to NOPAT (EV/NOPAT)		 20.85 32.49 35.17
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.29 26.06 33.86
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 4.85
Leverage & Solvency		 - - -
Debt to Equity		 0.92 1.32 1.03
Long-Term Debt to Equity		 0.88 1.28 1.03
Financial Leverage		 0.74 1.12 1.17
Leverage Ratio		 7.65 8.00 8.02
Compound Leverage Factor		 7.65 8.00 8.02
Debt to Total Capital		 47.90% 56.82% 50.81%
Short-Term Debt to Total Capital		 1.86% 1.54% 0.00%
Long-Term Debt to Total Capital		 46.04% 55.28% 50.81%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 52.10% 43.18% 49.19%
Debt to EBITDA		 6.28 13.70 14.15
Net Debt to EBITDA		 5.83 10.29 10.89
Long-Term Debt to EBITDA		 6.03 13.33 14.15
Debt to NOPAT		 10.55 24.44 24.31
Net Debt to NOPAT		 9.80 18.34 18.70
Long-Term Debt to NOPAT		 10.14 23.77 24.31
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -123 -236 217
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -5.78 -2.81 1.76
Operating Cash Flow to Interest Expense		 3.90 0.56 0.25
Operating Cash Flow Less CapEx to Interest Expense		 4.03 0.56 0.25
Efficiency Ratios		 - - -
Asset Turnover		 0.03 0.02 0.02
Fixed Asset Turnover		 6.55 5.50 5.62
Capital & Investment Metrics		 - - -
Invested Capital		 1,346 1,620 1,433
Invested Capital Turnover		 0.13 0.09 0.09
Increase / (Decrease) in Invested Capital		 185 274 -187
Enterprise Value (EV)		 1,275 1,224 1,053
Market Capitalization		 675 533 493
Book Value per Share		 $14.68 $15.56 $16.42
Tangible Book Value per Share		 $13.82 $14.65 $15.47
Total Capital		 1,346 1,620 1,433
Total Debt		 645 920 728
Total Long-Term Debt		 620 895 728
Net Debt		 599 691 560
Capital Expenditures (CapEx)		 -2.80 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 645 920 728
Total Depreciation and Amortization (D&A)		 18 15 11
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $1.32 $0.86 $0.72
Adjusted Weighted Average Basic Shares Outstanding		 46.23M 43.56M 41.57M
Adjusted Diluted Earnings per Share		 $1.32 $0.86 $0.72
Adjusted Weighted Average Diluted Shares Outstanding		 46.44M 43.64M 41.63M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 46.85M 44.46M 43.12M
Normalized Net Operating Profit after Tax (NOPAT)		 61 38 30
Normalized NOPAT Margin		 36.75% 27.58% 22.81%
Pre Tax Income Margin		 51.03% 37.90% 30.84%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 3.97 0.62 0.33
NOPAT to Interest Expense		 2.86 0.45 0.24
EBIT Less CapEx to Interest Expense		 4.10 0.62 0.33
NOPAT Less CapEx to Interest Expense		 2.99 0.45 0.24
Payout Ratios		 - - -
Dividend Payout Ratio		 39.48% 60.51% 72.89%
Augmented Payout Ratio		 90.00% 159.20% 135.26%

Quarterly Metrics And Ratios for Northfield Bancorp

This table displays calculated financial ratios and metrics derived from Northfield Bancorp's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 7.92% -3.01% -0.92% -16.83% -28.18% -23.53% -18.21% -7.15% -0.02% 12.73%
EBITDA Growth		 15.37% -11.97% -15.97% -34.62% -47.34% -38.46% -50.28% -33.14% -18.74% 20.66%
EBIT Growth		 7.07% -15.02% -16.61% -40.09% -53.39% -42.60% -47.54% -30.38% -19.63% 23.30%
NOPAT Growth		 5.59% -12.20% -17.13% -39.78% -51.82% -41.85% -46.92% -37.68% -20.27% 36.84%
Net Income Growth		 5.59% -12.20% -17.13% -39.78% -51.82% -41.85% -46.92% -37.68% -20.27% 36.84%
EPS Growth		 12.12% -8.82% -13.33% -35.29% -48.65% -38.71% -42.31% -36.36% -15.79% 42.11%
Operating Cash Flow Growth		 -2.38% 16.92% -9.42% -84.28% -35.11% -42.79% -76.13% 111.47% 19.68% -58.03%
Free Cash Flow Firm Growth		 -92.99% -185.13% -335.56% -563.41% -3,174.93% -55.73% 81.15% 69.02% 83.59% 174.83%
Invested Capital Growth		 0.08% 15.89% 53.44% 48.80% 43.23% 20.33% 6.80% 10.34% 5.26% -11.57%
Revenue Q/Q Growth		 8.44% -3.92% -10.18% -11.12% -6.37% 2.30% -3.93% 0.90% 0.83% 15.35%
EBITDA Q/Q Growth		 6.76% -15.59% -14.66% -14.99% -14.01% -1.36% -31.05% 14.32% 4.52% 46.46%
EBIT Q/Q Growth		 7.90% -17.06% -17.49% -18.87% -16.05% 2.13% -24.58% 7.67% -3.10% 56.69%
NOPAT Q/Q Growth		 6.96% -16.73% -17.20% -18.35% -14.42% 0.50% -24.42% -4.14% 9.50% 72.48%
Net Income Q/Q Growth		 6.96% -16.73% -17.20% -18.35% -14.42% 0.50% -24.42% -4.14% 9.50% 72.48%
EPS Q/Q Growth		 8.82% -16.22% -16.13% -15.38% -13.64% 0.00% -21.05% -6.67% 14.29% 68.75%
Operating Cash Flow Q/Q Growth		 -13.51% 38.90% -28.91% -81.59% 256.95% 22.47% -70.34% 63.11% 102.01% -57.05%
Free Cash Flow Firm Q/Q Growth		 -86.17% -1,160.85% -242.13% 7.66% 8.25% 46.27% 58.60% -51.80% 51.40% 344.98%
Invested Capital Q/Q Growth		 3.45% 15.86% 26.89% -2.16% -0.42% -2.66% 12.62% 1.08% -5.00% -18.23%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 63.74% 56.00% 53.21% 50.89% 46.74% 45.07% 32.35% 36.65% 37.99% 48.24%
EBIT Margin		 53.56% 46.23% 42.47% 38.77% 34.76% 34.70% 27.24% 29.07% 27.94% 37.95%
Profit (Net Income) Margin		 38.33% 33.22% 30.62% 28.13% 25.72% 25.26% 19.88% 18.88% 20.51% 30.67%
Tax Burden Percent		 71.57% 71.86% 72.11% 72.57% 73.98% 72.80% 72.95% 64.95% 73.40% 80.80%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 28.43% 28.14% 27.89% 27.43% 26.02% 27.20% 27.05% 35.05% 26.60% 19.20%
Return on Invested Capital (ROIC)		 5.53% 4.41% 3.60% 3.20% 2.67% 2.33% 1.46% 1.37% 1.53% 2.64%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.53% 4.41% 3.60% 3.20% 2.67% 2.33% 1.46% 1.37% 1.53% 2.64%
Return on Net Nonoperating Assets (RNNOA)		 3.44% 3.26% 3.59% 3.18% 2.81% 2.60% 2.23% 2.11% 2.24% 3.10%
Return on Equity (ROE)		 8.97% 7.67% 7.19% 6.38% 5.47% 4.93% 3.69% 3.48% 3.77% 5.74%
Cash Return on Invested Capital (CROIC)		 5.35% -9.85% -38.01% -35.48% -32.46% -15.91% -4.75% -8.21% -3.55% 14.24%
Operating Return on Assets (OROA)		 1.62% 1.39% 1.26% 1.10% 0.92% 0.85% 0.61% 0.66% 0.64% 0.88%
Return on Assets (ROA)		 1.16% 1.00% 0.91% 0.80% 0.68% 0.62% 0.45% 0.43% 0.47% 0.71%
Return on Common Equity (ROCE)		 8.97% 7.67% 7.19% 6.38% 5.47% 4.93% 3.69% 3.48% 3.77% 5.74%
Return on Equity Simple (ROE_SIMPLE)		 9.10% 0.00% 8.41% 7.63% 6.37% 0.00% 4.61% 4.12% 3.85% 0.00%
Net Operating Profit after Tax (NOPAT)		 17 14 12 9.56 8.18 8.22 6.21 5.96 6.52 11
NOPAT Margin		 38.33% 33.22% 30.62% 28.13% 25.72% 25.26% 19.88% 18.88% 20.51% 30.67%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 38.01% 44.38% 46.96% 55.04% 54.14% 55.48% 62.26% 62.59% 53.34% 48.13%
Operating Expenses to Revenue		 40.34% 50.88% 55.27% 61.14% 64.65% 64.46% 71.43% 72.89% 64.07% 56.75%
Earnings before Interest and Taxes (EBIT)		 24 20 16 13 11 11 8.52 9.17 8.89 14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 28 24 20 17 15 15 10 12 12 18
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.91 0.96 0.73 0.70 0.58 0.76 0.60 0.60 0.71 0.70
Price to Tangible Book Value (P/TBV)		 0.97 1.02 0.78 0.74 0.62 0.81 0.64 0.64 0.75 0.74
Price to Revenue (P/Rev)		 3.77 4.06 3.08 3.02 2.73 3.90 3.25 3.27 3.90 3.76
Price to Earnings (P/E)		 9.81 11.05 8.72 9.17 9.17 14.15 13.09 14.54 18.41 16.47
Dividend Yield		 3.99% 3.68% 4.76% 5.04% 5.86% 4.39% 5.49% 5.55% 4.53% 4.52%
Earnings Yield		 10.19% 9.05% 11.47% 10.91% 10.91% 7.07% 7.64% 6.88% 5.43% 6.07%
Enterprise Value to Invested Capital (EV/IC)		 0.89 0.95 0.80 0.82 0.78 0.76 0.72 0.77 0.75 0.74
Enterprise Value to Revenue (EV/Rev)		 6.14 7.66 8.21 8.65 8.86 8.96 10.09 11.11 10.34 8.02
Enterprise Value to EBITDA (EV/EBITDA)		 9.71 12.41 13.78 15.34 17.02 18.22 22.98 27.59 27.15 20.47
Enterprise Value to EBIT (EV/EBIT)		 11.65 15.02 16.69 18.89 21.60 23.65 29.70 35.29 34.72 26.00
Enterprise Value to NOPAT (EV/NOPAT)		 16.32 20.85 23.21 26.26 29.80 32.49 40.66 49.45 48.85 35.17
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.91 15.29 16.72 21.51 22.53 26.06 39.10 38.09 33.38 33.86
Enterprise Value to Free Cash Flow (EV/FCFF)		 16.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.85
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.68 0.92 1.45 1.43 1.43 1.32 1.61 1.66 1.50 1.03
Long-Term Debt to Equity		 0.64 0.88 1.41 0.09 0.09 1.28 1.58 1.66 0.09 1.03
Financial Leverage		 0.62 0.74 1.00 0.99 1.05 1.12 1.53 1.55 1.47 1.17
Leverage Ratio		 7.73 7.65 7.91 7.98 8.06 8.00 8.24 8.18 8.07 8.02
Compound Leverage Factor		 7.73 7.65 7.91 7.98 8.06 8.00 8.24 8.18 8.07 8.02
Debt to Total Capital		 40.33% 47.90% 59.13% 58.92% 58.89% 56.82% 61.72% 62.42% 60.07% 50.81%
Short-Term Debt to Total Capital		 2.15% 1.86% 1.46% 55.26% 55.22% 1.54% 1.37% 0.00% 56.56% 0.00%
Long-Term Debt to Total Capital		 38.18% 46.04% 57.67% 3.66% 3.68% 55.28% 60.35% 62.42% 3.50% 50.81%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 59.67% 52.10% 40.87% 41.08% 41.11% 43.18% 38.28% 37.58% 39.93% 49.19%
Debt to EBITDA		 4.42 6.28 10.22 10.98 12.84 13.70 19.77 22.48 21.73 14.15
Net Debt to EBITDA		 3.76 5.83 8.61 9.98 11.78 10.29 15.58 19.48 16.92 10.89
Long-Term Debt to EBITDA		 4.19 6.03 9.96 0.68 0.80 13.33 19.33 22.48 1.27 14.15
Debt to NOPAT		 7.43 10.55 17.21 18.80 22.49 24.44 34.99 40.28 39.09 24.31
Net Debt to NOPAT		 6.31 9.80 14.50 17.10 20.64 18.34 27.57 34.91 30.44 18.70
Long-Term Debt to NOPAT		 7.03 10.14 16.78 1.17 1.40 23.77 34.21 40.28 2.28 24.31
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 16 -170 -583 -539 -494 -265 -110 -167 -81 199
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 3.05 -18.10 -38.80 -26.26 -21.44 -10.39 -3.57 -5.29 -2.61 6.61
Operating Cash Flow to Interest Expense		 3.41 2.65 1.18 0.16 0.51 0.56 0.14 0.22 0.45 0.20
Operating Cash Flow Less CapEx to Interest Expense		 3.41 2.65 1.18 0.16 0.51 0.56 0.14 0.22 0.45 0.20
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.02 0.02 0.02 0.02 0.02
Fixed Asset Turnover		 6.45 6.55 6.63 6.32 5.92 5.50 5.29 5.28 5.40 5.62
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,162 1,346 1,708 1,671 1,664 1,620 1,824 1,844 1,752 1,433
Invested Capital Turnover		 0.14 0.13 0.12 0.11 0.10 0.09 0.07 0.07 0.07 0.09
Increase / (Decrease) in Invested Capital		 0.91 185 595 548 502 274 116 173 88 -187
Enterprise Value (EV)		 1,029 1,275 1,363 1,376 1,299 1,224 1,308 1,413 1,315 1,053
Market Capitalization		 631 675 512 480 399 533 421 416 495 493
Book Value per Share		 $14.32 $14.68 $14.90 $14.76 $15.21 $15.56 $15.71 $15.63 $16.20 $16.42
Tangible Book Value per Share		 $13.47 $13.82 $14.03 $13.88 $14.29 $14.65 $14.79 $14.70 $15.25 $15.47
Total Capital		 1,162 1,346 1,708 1,671 1,664 1,620 1,824 1,844 1,752 1,433
Total Debt		 469 645 1,010 985 980 920 1,126 1,151 1,052 728
Total Long-Term Debt		 444 620 985 61 61 895 1,101 1,151 61 728
Net Debt		 398 599 851 896 900 691 887 998 819 560
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 469 645 1,010 985 980 920 1,126 1,151 1,052 728
Total Depreciation and Amortization (D&A)		 4.51 4.16 4.10 4.12 3.81 3.37 1.60 2.39 3.20 3.77
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.37 $0.31 $0.26 $0.22 $0.19 $0.19 $0.15 $0.14 $0.16 $0.27
Adjusted Weighted Average Basic Shares Outstanding		 47.77M 46.23M 46.53M 44.99M 44.96M 43.56M 44.34M 43.19M 42.90M 41.57M
Adjusted Diluted Earnings per Share		 $0.37 $0.31 $0.26 $0.22 $0.19 $0.19 $0.15 $0.14 $0.16 $0.27
Adjusted Weighted Average Diluted Shares Outstanding		 47.77M 46.44M 46.53M 44.99M 44.96M 43.64M 44.34M 43.19M 42.90M 41.63M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 47.77M 46.85M 46.53M 44.99M 44.96M 44.46M 44.34M 43.19M 42.90M 43.12M
Normalized Net Operating Profit after Tax (NOPAT)		 17 14 12 9.56 8.18 8.22 6.21 5.96 6.52 11
Normalized NOPAT Margin		 38.33% 33.22% 30.62% 28.13% 25.72% 25.26% 19.88% 18.88% 20.51% 30.67%
Pre Tax Income Margin		 53.56% 46.23% 42.47% 38.77% 34.76% 34.70% 27.24% 29.07% 27.94% 37.95%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 4.50 2.09 1.08 0.64 0.48 0.44 0.28 0.29 0.29 0.46
NOPAT to Interest Expense		 3.22 1.50 0.78 0.47 0.36 0.32 0.20 0.19 0.21 0.37
EBIT Less CapEx to Interest Expense		 4.50 2.09 1.08 0.64 0.48 0.44 0.28 0.29 0.29 0.46
NOPAT Less CapEx to Interest Expense		 3.22 1.50 0.78 0.47 0.36 0.32 0.20 0.19 0.21 0.37
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 38.61% 39.48% 40.78% 45.04% 53.19% 60.51% 69.76% 77.64% 81.71% 72.89%
Augmented Payout Ratio		 83.98% 90.00% 107.09% 139.51% 148.08% 159.20% 145.00% 146.07% 167.54% 135.26%

Key Financial Trends

Northfield Bancorp (NASDAQ: NFBK) has demonstrated solid financial performance over the last several years, with notable trends across its key financial statements through Q4 2024.

Key Positive Trends and Highlights:

  • Net interest income has remained strong and relatively stable, hovering around $28 million to nearly $30 million in recent quarters, reflecting effective management of interest-earning assets and liabilities.
  • Total non-interest income showed a substantial increase in Q4 2024 ($7.0 million), mainly driven by a significant jump in net realized & unrealized capital gains on investments ($3.47 million), indicating profitable asset management.
  • Net income for Q4 2024 rose to $11.25 million, an increase from prior quarters such as Q3 2024’s $6.52 million, reflecting improving profitability.
  • Provision for credit losses remained controlled, with Q4 2024’s provision at $1.94 million, consistent with manageable credit risk.
  • Operating cash flow from continuing operations improved, generating $5.996 million in Q4 2024, demonstrating positive cash generation from core business activities.
  • Balance sheet assets stayed robust above $5.7 billion by Q3 2024, with net loans and leases exceeding $4 billion consistently, showcasing growth in the company’s lending operations.
  • Quarterly dividends have been stable at $0.13 per share, reflecting a consistent return of value to shareholders.

Neutral Observations:

  • Interest expense on long-term debt increased in recent quarters (e.g., $8.0 million in Q4 2024 vs. $11.0 million in Q1 2024) indicating some variability in funding costs.
  • The company continues active investment securities purchases and sales, generating mixed net investing cash flows (negative in Q4 2024 but positive in Q3 2024), reflecting ongoing portfolio management strategies.
  • Shares outstanding have been fairly stable, with a weighted average diluted share count around 41.5 to 44 million, indicating a relatively steady equity base with some repurchases.

Areas of Concern and Negative Trends:

  • Total non-interest expenses have been elevated and growing, reaching over $20 million in Q4 2024, up from approximately $18 million to $21 million levels in prior quarters. Rising operating costs may pressure margins if revenues do not keep pace.
  • Net cash used in financing activities was a significant negative $65.4 million in Q4 2024, largely due to deposit and debt fluctuations; this highlights volatility in financing flows and capital management challenges.
  • Net change in cash and equivalents turned negative in Q4 2024 (-$65.18 million), which could affect liquidity if sustained despite positive operating cash flow.
  • Allowance for loan and lease losses has fluctuated but remained in the $34 million to $41 million range, requiring close monitoring for credit quality risks.

Summary: Northfield Bancorp has maintained steady net interest income and improved profitability with growing net income and stable dividends in recent quarters. Its balance sheet shows solid asset growth, especially in loans and leases. However, rising operating expenses and volatile financing cash flows pose potential challenges to margins and liquidity. Investors should watch for sustained earnings growth balanced against cost control and capital management effectiveness in the coming periods.

08/29/25 02:37 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Northfield Bancorp's Financials

When does Northfield Bancorp's fiscal year end?

According to the most recent income statement we have on file, Northfield Bancorp's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Northfield Bancorp's net income changed over the last 2 years?

Northfield Bancorp's net income appears to be on a downward trend, with a most recent value of $29.95 million in 2024, falling from $61.12 million in 2022. The previous period was $37.67 million in 2023. View Northfield Bancorp's forecast to see where analysts expect Northfield Bancorp to go next.

How has Northfield Bancorp's revenue changed over the last 2 years?

Over the last 2 years, Northfield Bancorp's total revenue changed from $166.29 million in 2022 to $131.31 million in 2024, a change of -21.0%.

How much debt does Northfield Bancorp have?

Northfield Bancorp's total liabilities were at $4.96 billion at the end of 2024, a 1.3% increase from 2023, and a 1.3% increase since 2022.

How much cash does Northfield Bancorp have?

In the past 2 years, Northfield Bancorp's cash and equivalents has ranged from $13.04 million in 2024 to $14.53 million in 2022, and is currently $13.04 million as of their latest financial filing in 2024.

How has Northfield Bancorp's book value per share changed over the last 2 years?

Over the last 2 years, Northfield Bancorp's book value per share changed from 14.68 in 2022 to 16.42 in 2024, a change of 11.9%.


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This page (NASDAQ:NFBK) was last updated on 8/29/2025 by MarketBeat.com Staff
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