← Northfield Bancorp, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $113.4m |
$120.5m
+6.31%
|
$119.4m
-0.97%
|
$126.6m
+6.05%
|
$141.3m
+11.60%
|
$170.1m
+20.40%
|
$166.3m
-2.24%
|
$136.6m
-17.88%
|
$131.3m
-3.85%
|
$154.3m
+17.52%
|
$159.9m
+3.60%
|
|
| Total interest income | $125.0m |
$132.9m
+6.32%
|
$147.3m
+10.86%
|
$165.1m
+12.12%
|
$168.1m
+1.82%
|
$172.3m
+2.47%
|
$179.7m
+4.29%
|
$208.8m
+16.20%
|
$237.9m
+13.94%
|
$249.1m
+4.70%
|
— | |
| Revenue Not from Contract with Customer, Other | — | — | — | — | $1.1m | $357k | $338k | $948k | $1.1m | $1.3m | — | |
| Noninterest income: | ||||||||||||
| Total non-interest income | $10.1m | $11.6m | $8.1m | $14.8m | $11.5m | $14.5m | $8.0m | $11.9m | $16.8m | $16.9m | — | |
| Net interest income | $103.3m |
$108.9m
+5.41%
|
$111.2m
+2.16%
|
$111.8m
+0.49%
|
$129.8m
+16.12%
|
$155.6m
+19.91%
|
$158.3m
+1.71%
|
$124.7m
-21.25%
|
$114.5m
-8.17%
|
$137.4m
+19.99%
|
$139.5m
+1.54%
|
|
| Interest Income (Expense), Net | $103.3m |
$108.9m
+5.41%
|
$111.2m
+2.16%
|
$111.8m
+0.49%
|
$129.8m
+16.12%
|
$155.6m
+19.91%
|
$158.3m
+1.71%
|
$124.7m
-21.25%
|
$114.5m
-8.17%
|
$137.4m
+19.99%
|
$248.9m
+81.16%
|
|
| Marketing and Advertising Expense | $1.9m | $1.9m | $2.7m | $3.4m | $2.1m | $2.4m | $2.2m | $2.2m | $1.6m | $1.4m | — | |
| Labor and Related Expense | $39.8m | $38.2m | $34.8m | $39.6m | $41.4m | $43.7m | $42.0m | $46.5m | $49.3m | $51.4m | — | |
| Amortization of Intangible Assets | $447k | $386k | $326k | $265k | $229k | $200k | $174k | $124k | $85k | $47k | — | |
| Operating Lease, Expense | — | — | — | $6.8m | $8.0m | $5.9m | $6.1m | $6.0m | $6.0m | $5.9m | — | |
| Noninterest expense: | ||||||||||||
| Total non-interest expense | $72.9m | $67.4m | $67.0m | $73.5m | $78.5m | $79.2m | $76.9m | $83.5m | $86.5m | $129.9m | — | |
| Interest expense: | ||||||||||||
| Interest Expense, Debt | $7.4m | $7.6m | $8.3m | $12.0m | $13.1m | $10.4m | $9.3m | $32.1m | $37.8m | $29.5m | $109.4m | |
| Total interest expense | $21.7m | $24.0m | $36.0m | $53.4m | $38.3m | $16.6m | $21.4m | $84.1m | $123.4m | $111.7m | — | |
| Net interest income after provision for credit losses | $102.7m |
$107.5m
+4.69%
|
$108.6m
+1.07%
|
$111.8m
+2.89%
|
$117.1m
+4.74%
|
$161.8m
+38.24%
|
$153.8m
-4.95%
|
$123.3m
-19.83%
|
$110.2m
-10.63%
|
$130.0m
+17.93%
|
$139.5m
+7.33%
|
|
| Debt and Equity Securities, Gain (Loss) | — | $1.1m | ($879k) | $2.0m | $1.6m | $1.7m | ($2.2m) | $1.7m | $1.7m | $1.7m | — | |
| Gain on sale of property | — | — | — | — | — | — | $0 | $0 | $3.4m | $0 | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $39.8m | $51.7m | $49.7m | $53.0m | $50.0m | $97.1m | $84.9m | $51.8m | $40.5m | $17.1m | $23.1m | |
| Income tax expense related to net unrealized holding gains on debt securities available-for-sale | $894k | $113k | $1.5m | ($5.5m) | ($3.4m) | $3.9m | $19.6m | ($6.3m) | ($4.5m) | ($6.9m) | $18.4m | |
| Income tax (benefit) expense related to post-retirement benefits adjustment | ($98k) | ($30k) | ($67k) | ($22k) | $0 | $0 | ($48k) | $94k | $4k | ($24k) | — | |
| Income tax benefit related to reclassification adjustment for losses included in net income | $122k | $68k | $50k | $144k | $91k | $419k | $79k | ($5k) | ($2k) | $0 | — | |
| Income Tax Expense (Benefit) | $13.7m | $27.0m | $9.6m | $12.8m | $13.0m | $26.5m | $23.7m | $14.1m | $10.6m | $16.3m | $18.4m | |
| Less: reclassification adjustment for net losses included in net income | ($306k) | ($169k) | ($178k) | ($514k) | ($327k) | ($1.5m) | ($279k) | $17k | $6k | $0 | — | |
| Net Income (Loss) Attributable to Parent | $26.1m |
$24.8m
-5.21%
|
$40.1m
+61.82%
|
$40.2m
+0.39%
|
$37.0m
-8.07%
|
$70.7m
+91.02%
|
$61.1m
-13.50%
|
$37.7m
-38.37%
|
$29.9m
-20.50%
|
$796k
-97.34%
|
$4.8m
+498.37%
|
|
| Earnings Per Share, Basic | $0.59 | $0.55 | $0.87 | $0.86 | $0.76 | $1.46 | $1.32 | $0.86 | $0.72 | $0.02 | $0.13 | |
| Earnings Per Share, Diluted | $0.57 | $0.53 | $0.85 | $0.85 | $0.76 | $1.45 | $1.32 | $0.86 | $0.72 | $0.02 | $0.13 | |
| Common Stock, Dividends, Per Share, Declared | $0.31 | $0.34 | $0.40 | $0.43 | $0.44 | $0.50 | $0.52 | $0.52 | $0.52 | $0.52 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 44.4m | 45.3m | 46.3m | 46.8m | 48.7m | 48.4m | 46.2m | 43.6m | 41.6m | 40.1m | 39.8m | |
| Basic weighted average shares outstanding (in shares) | 44.4m | 45.3m | 46.3m | 46.8m | 48.7m | 48.4m | 46.2m | 43.6m | 41.6m | 40.1m | — | |
| Diluted weighted average shares outstanding (in shares) | 45.7m | 46.9m | 47.1m | 47.2m | 48.8m | 48.8m | 46.4m | 43.6m | 41.6m | 40.2m | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 45.7m | 46.9m | 47.1m | 47.2m | 48.8m | 48.8m | 46.4m | 43.6m | 41.6m | 40.2m | 39.9m | |
| Additional Financial Items | ||||||||||||
| Bank Owned Life Insurance Income | $4.0m | $5.4m | $3.7m | $7.0m | $3.8m | $4.1m | $3.4m | $3.6m | $4.2m | $7.1m | — | |
| Equipment Expense | $1.4m | $1.1m | $1.0m | $1.1m | $1.5m | $1.7m | $1.7m | $1.9m | $1.8m | $1.6m | — | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | $12.7m | ($6.2m) | $4.5m | $1.4m | $4.3m | $7.4m | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | — | $41.0m | $41.0m | |
| Loans | $111.8m | $120.3m | $127.6m | $136.1m | $146.6m | $158.2m | $160.9m | $181.6m | $183.9m | $184.8m | — | |
| Mortgage-backed securities | $10.8m | $9.2m | $13.0m | $19.7m | $16.6m | $10.6m | $12.5m | $14.7m | $29.4m | $55.6m | — | |
| Other securities | $908k | $1.3m | $4.1m | $6.3m | $2.9m | $2.0m | $4.3m | $5.1m | $11.5m | $2.0m | — | |
| FHLB of New York dividends | $1 | $1 | $2 | $2 | $2 | $1 | $1 | $3 | $4 | $3 | — | |
| Deposits in other financial institutions | $285k | $584k | $919k | $1.4m | $307k | $197k | $817k | $4.2m | $9.4m | $3.5m | — | |
| Deposits | $14.3m | $16.4m | $27.7m | $41.3m | $25.2m | $6.2m | $10.3m | $48.8m | $82.3m | $78.9m | — | |
| Borrowings | $7.4m | $7.6m | $8.3m | $12.0m | $13.1m | $10.4m | $9.3m | $32.1m | $37.8m | $29.5m | — | |
| Subordinated debt | — | — | — | — | $0 | $0 | $1.8m | $3.3m | $3.3m | $3.3m | — | |
| Provision for credit losses | — | — | — | — | $12.7m | ($6.2m) | $4.5m | $1.4m | $4.3m | $7.4m | — | |
| Fees and service charges for customer services | $4.9m | $4.7m | $4.9m | $4.9m | $4.0m | $5.4m | $5.7m | $5.5m | $6.4m | $6.9m | — | |
| Income on bank-owned life insurance | $4.0m | $5.4m | $3.7m | $7.0m | $3.8m | $4.1m | $3.4m | $3.6m | $4.2m | $7.1m | — | |
| Losses on available-for-sale debt securities, net | — | $169k | $178k | $514k | $327k | $1.5m | $279k | ($17k) | ($6k) | $0 | — | |
| Gains on trading securities, net | — | $1.1m | ($879k) | $2.0m | $1.6m | $1.7m | ($2.2m) | $1.7m | $1.7m | $1.7m | — | |
| Gains on sale of loans | — | — | $0 | $0 | $665k | $1.4m | $453k | $134k | $51k | $0 | — | |
| Other | $9.3m | $8.3m | $6.9m | $6.0m | $5.2m | $5.7m | $6.2m | $6.3m | $6.7m | $6.4m | — | |
| Compensation and employee benefits | $39.8m | $38.2m | $34.8m | $39.6m | $41.4m | $43.7m | $42.0m | $46.5m | $49.3m | $51.4m | — | |
| Occupancy | $11.4m | $11.3m | $12.1m | $13.7m | $15.2m | $14.0m | $13.2m | $13.3m | $13.1m | $13.1m | $14.5m | |
| Furniture and equipment | $1.4m | $1.1m | $1.0m | $1.1m | $1.5m | $1.7m | $1.7m | $1.9m | $1.8m | $1.6m | — | |
| Data processing | $6.1m | $4.6m | $5.0m | $5.7m | $8.1m | $6.8m | $7.4m | $8.1m | $8.0m | $9.2m | — | |
| Professional fees | $3.5m | $2.8m | $3.5m | $3.5m | $4.1m | $3.6m | $3.8m | $3.4m | $3.2m | $3.6m | — | |
| Federal Deposit Insurance Corporation (FDIC) insurance | $1.5m | $1.1m | $1.1m | $563k | $885k | $1.4m | $1.4m | $2.3m | $2.5m | $2.4m | — | |
| Credit (benefit) loss expense for off-balance sheet exposures | — | — | — | — | $0 | $307k | ($1.1m) | ($555k) | $282k | ($228k) | — | |
| Impairment of Goodwill | — | — | — | — | — | — | — | $0 | $0 | $41.0m | — | |
| Net unrealized holding gains | ($2.2m) | ($283k) | ($5.2m) | $19.7m | $12.1m | ($13.9m) | ($69.9m) | $22.4m | $16.1m | $22.9m | — | |
| Net unrealized gains | ($2.5m) | ($452k) | ($5.4m) | $19.2m | $11.8m | ($15.4m) | ($70.2m) | $22.4m | $16.1m | $22.9m | — | |
| Post-retirement benefits adjustment | $244k | $74k | $240k | $77k | $0 | $0 | $172k | ($344k) | ($13k) | $81k | — | |
| Other comprehensive income, before tax | ($2.3m) | ($378k) | ($5.1m) | $19.2m | $11.8m | ($15.4m) | ($70.0m) | $22.1m | $16.0m | $23.0m | — | |
| Other comprehensive income, net of tax | ($1.3m) | ($227k) | ($3.7m) | $13.8m | $8.5m | ($11.1m) | ($50.4m) | $15.9m | $11.6m | $16.1m | — | |
| Comprehensive income | $24.8m | $24.5m | $36.4m | $54.1m | $45.4m | $59.6m | $10.7m | $53.6m | $41.5m | $16.9m | — |