Northfield Bancorp, Inc. (Staten Island, NY) (NFBK)

NFBK Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	183.93	181.64	160.91	158.22	146.57
Interest Income on Investments	53.98	27.16	18.78	14.08	21.58
Total Interest Income	237.91	208.8	179.69	172.3	168.15
Interest Paid on Deposits	82.27	48.75	10.29	6.21	25.23
Interest Paid on Borrowings	41.15	35.38	11.09	10.44	13.11
Total Interest Expense	123.42	84.13	21.38	16.65	38.34
Net Interest Income	114.49	124.67	158.31	155.65	129.81
Net Interest Income Growth (YoY)	-8.17%	-21.25%	1.71%	19.91%	16.12%
Income From Trading Activities	1.67	1.72	-2.21	1.7	1.6
Gain (Loss) on Sale of Assets	3.4	-	-	-	-
Gain (Loss) on Sale of Investments	-0.01	-0.02	0.28	1.5	0.33
Other Non-Interest Income	11.71	10.06	9.46	9.85	8.88
Total Non-Interest Income	16.82	11.9	7.98	14.45	11.47
Non-Interest Income Growth (YoY)	41.41%	49.02%	-44.77%	25.99%	0.56%
Revenues Before Loan Losses	131.31	136.56	166.29	170.1	141.28
Provision for Loan Losses	4.28	1.35	4.48	-6.18	12.74
Revenue	127.03	135.21	161.81	176.29	128.54
Revenue Growth (YoY)	-6.05%	-16.44%	-8.21%	37.15%	4.36%
Salaries and Employee Benefits	49.34	42.13	37.83	40.03	38.23
Occupancy Expenses	-	3.38	3.61	4.07	-
Federal Deposit Insurance	2.49	2.33	1.41	1.37	0.89
Selling, General & Administrative	27.69	29.83	28.91	28.01	32.04
Other Non-Interest Expense	7.01	5.78	5.19	5.69	5.17
Total Non-Interest Expense	86.53	83.45	76.95	79.16	76.31
EBT Excluding Unusual Items	40.5	51.76	84.86	97.13	52.23
Pretax Income	40.5	51.76	84.86	97.13	50.03
Income Tax Expense	10.56	14.09	23.74	26.47	13.04
Net Income	29.95	37.67	61.12	70.65	36.99
Net Income to Common	29.95	37.67	61.12	70.65	36.99
Net Income Growth	-20.50%	-38.37%	-13.50%	91.02%	-8.07%
Basic Shares Outstanding	42	44	46	48	49
Diluted Shares Outstanding	42	44	46	49	49
Shares Change (YoY)	-4.61%	-6.03%	-4.75%	-0.06%	3.44%
EPS (Basic)	0.72	0.86	1.32	1.46	0.76
EPS (Diluted)	0.72	0.86	1.32	1.45	0.76
EPS Growth	-16.28%	-34.85%	-8.97%	91.00%	-10.69%
Dividend Per Share	0.520	0.520	0.520	0.520	0.440
Dividend Growth	0%	0%	0%	18.18%	2.33%
Effective Tax Rate	26.06%	27.22%	27.98%	27.26%	26.06%

Source: S&P Capital IQ. Banks template. Financial Sources.