NOTABLE ITEMS FOR THE QUARTER: DILUTED EARNINGS PER SHARE OF $0.27 FOR THE FOURTH QUARTER OF 2024 , COMPARED TO $0.16 FOR THE TRAILING QUARTER, AND $0.19 FOR THE FOURTH QUARTER OF 2023. Fourth Quarter 2024 results included a gain of $0.06 per share on the sale and consolidation of a Staten Island branch in December 2024.
WOODBRIDGE, N.J., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Northfield Bank, wholly-owned subsidiary of Northfield Bancorp, Inc. (NASDAQ: NFBK), announced today that Steven M. Klein, Chairman and Chief Executive Officer, has been elected to the Board of Directors of the Federal Home Loan Bank of New York (the “FHLBNY”) for a four-year term.
NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.16 FOR THE CURRENT QUARTER COMPARED TO $0.14 FOR THE TRAILING QUARTER, AND $0.19 FOR THE THIRD QUARTER OF 2023. NET INTEREST MARGIN REMAINED RELATIVELY STABLE AT 2.08% FOR THE CURRENT QUARTER AS COMPARED TO 2.09% FOR THE TRAILING QUARTER.
Northfield Bancorp's net interest income is under pressure due to rising interest expenses, impacting overall profitability despite a strong loan book. The bank's conservative asset management results in lower returns but enhances its safety profile, with a significant portion of assets in cash and low-risk securities. Northfield trades at a discount to its tangible book value, making it appeal...
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