Northfield Bancorp, Inc. (Staten Island, NY) Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 24, 2024 at 07:40 pm
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Northfield Bancorp, Inc. (Staten Island, NY) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 28.92 million compared to USD 39.34 million a year ago. Net income was USD 8.22 million compared to USD 14.14 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 0.19 compared to USD 0.31 a year ago.
For the full year, net interest income was USD 124.67 million compared to USD 158.31 million a year ago. Net income was USD 37.67 million compared to USD 61.12 million a year ago. Basic earnings per share from continuing operations was USD 0.86 compared to USD 1.32 a year ago. Diluted earnings per share from continuing operations was USD 0.86 compared to USD 1.32 a year ago.
Northfield Bancorp, Inc. is the holding company for Northfield Bank (the Bank). The Bank is a federally chartered savings bank. The Bank conducts business from its operations center located in Woodbridge, New Jersey, its home main office located at a branch in Staten Island, New York, and its 38 additional branch offices located in New York and New Jersey. The Bank's principal business consists of originating multifamily and commercial real estate loans, construction and land loans, commercial and industrial loans, and home equity loans and lines of credit. It offers a variety of deposit accounts, including certificates of deposit, passbook, statements, and money market savings accounts, transaction deposit accounts, which are Northfield Bankâs primary source of funds for its lending and investing activities. Its principal lending activity is the origination of multifamily real estate loans and other commercial real estate loans in New York, New Jersey, and eastern Pennsylvania.