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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 generally stable financial performance over the past two years through the end of 2024, supported by consistent interest income and solid net income growth.
Positive trends:
- Net income attributable to common shareholders increased from $8.18 million in Q3 2023 to $11.25 million in Q4 2024, reflecting steady profitability improvement.
- Net interest income remained robust, averaging around $28 million to $29 million per quarter in 2024, close to the $29.18 million reported in Q4 2023.
- Quarterly diluted EPS rose from $0.16 in Q3 2024 to $0.27 in Q4 2024, indicating an increase in earnings on a per-share basis.
- Total revenue in Q4 2024 was $36.69 million, up from $31.8 million in Q3 2024, driven by higher net interest income and strong non-interest income.
- Provision for credit losses remained manageable, with a slight increase to $1.94 million in Q4 2024, suggesting controlled credit risk.
- The company sustained steady dividend payments of $0.13 per common share each quarter during 2024, demonstrating a consistent shareholder return policy.
- Total equity remained stable, around $699 million as of Q3 2024, supporting the company's capital base.
- Operating cash flows were positive in recent quarters, with $5.996 million generated in Q4 2024, indicating healthy core business cash generation.
Neutral observations:
- Loans and leases, the bank’s main earning assets, showed slight fluctuations but remained broadly stable around the $4.0 billion mark, reflecting a stable loan portfolio.
- Total assets remained generally steady, valued at about $5.73 billion in Q3 2024, supporting the company’s operations and growth capacity.
- The weighted average diluted shares outstanding were essentially stable in 2024, slightly declining from about 44.3 million shares in Q1 to 41.6 million in Q4, indicating modest share repurchase activity.
Negative factors:
- Interest expense on long-term debt increased significantly from $3.7 million in Q4 2022 to about $8 million in Q4 2024, indicating possible higher borrowing costs or increased debt levels impacting net interest income.
- Net cash used in financing activities increased significantly to -$65.36 million in Q4 2024 from prior quarters, mostly driven by large outflows in other financing activities of -$322.9 million, which could pressure liquidity.
- Despite revenue growth, total non-interest expense increased to $20.82 million in Q4 2024 from $20.38 million in Q3 2024, signaling rising operational costs that may affect margins.
- Although provision for credit losses is moderate, the upward trend could signal emerging credit risks that warrant investor attention.
- Cash and cash equivalents declined by approximately $65 million in Q4 2024, which might impact short-term liquidity.
Overall, Northfield Bancorp shows solid profitability with controlled credit risk and steady asset base growth. Investors should monitor rising interest expense and financing cash outflows, which could weigh on future earnings and liquidity. The consistent dividend and improving EPS provide confidence in shareholder value, while operating efficiencies could be enhanced to improve cost control going forward.
08/09/25 05:54 AMAI Generated. May Contain Errors.