Northfield Bancorp, Inc. Announces First Quarter 2025 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2025
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Source: Globenewswire
Financial Performance Overview: Northfield Bancorp, Inc. reported a net income of $7.9 million for Q1 2025, a decrease from the previous quarter but an increase compared to the same quarter last year, driven by higher net interest income despite rising provisions for credit losses.
Asset and Loan Trends: The company experienced a decline in total loans held-for-investment and brokered deposits, while maintaining strong asset quality with non-performing loans at 0.48%, and approved a $10 million share repurchase plan alongside a cash dividend declaration.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
