Northfield Bancorp, Inc. Announces First Quarter 2024 Results
NOTABLE ITEMS FOR THE QUARTER INCLUDE:
WOODBRIDGE, N.J., April 24, 2024 (GLOBE NEWSWIRE) — NORTHFIELD BANCORP, INC. (Nasdaq:NFBK) (the “Company”), the holding company for Northfield Bank, reported net income of $6.2 million, or $0.15 per diluted share, for the three months ended March 31, 2024, compared to $8.2 million, or $0.19 per diluted share, for the three months ended December 31, 2023, and $11.7 million, or $0.26 per diluted share, for the three months ended March 31, 2023. The decrease in net income for the three months ended March 31, 2024, compared to the trailing quarter and comparable prior year quarter, was primarily the result of a decrease in net interest income, which was negatively impacted by higher funding costs.