Northfield Bancorp Reports Q4 Profit of $11.3 Million
WOODBRIDGE, N.J. (AP) - Northfield Bancorp Inc. (NFBK) reported a profit of $11.3 million in its fourth quarter, ended December 31, 2023. On a per-share basis, the company earned 27 cents, beating analysts' estimates of 21 cents.
Adjusting for non-recurring gains, Northfield Bancorp's earnings per share were 21 cents. The bank holding company generated revenue of $66.7 million during the quarter, while its adjusted revenue stood at $36.7 million.
For the full year 2023, Northfield Bancorp reported net income of $29.9 million, or 72 cents per share. Revenue for the year amounted to $131.3 million.
"We are pleased with our performance in the fourth quarter, which reflects the strength of our core banking business," said John H. Alexander, President and CEO of Northfield Bancorp.