Northfield Bancorp (Staten Island NY) (NASDAQ:NFBK) Has Affirmed Its Dividend Of $0.13
Dividend Payment Announcement: Northfield Bancorp, Inc. will pay a dividend of $0.13 per share on May 21, yielding 5.2%, with a sustainable payout ratio projected to decrease to 59% next year as earnings per share are expected to rise by 27.2%.
Long-term Dividend Growth: The company has a history of consistent dividend payments, growing from $0.24 in 2015 to $0.52 recently, but faces challenges due to flat earnings over the past five years, raising concerns about future dividend increases.
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Northfield Bancorp, Inc. Reports Advance In Q2 Bottom Line
Earnings Report: Northfield Bancorp, Inc. reported a second-quarter earnings increase to $9.57 million ($0.24 per share), up from $7.88 million ($0.19 per share) last year.
Revenue Growth: The company's revenue rose by 3.9% to $62.43 million compared to $60.09 million in the same period last year.
Northfield Bancorp, Inc. Announces Second Quarter 2025 Results
Financial Performance: Northfield Bancorp, Inc. reported a significant increase in net income to $17.4 million for the first half of 2025, driven by higher net interest income and improved asset quality, with diluted earnings per share rising to $0.24 from $0.19 in the previous quarter.
Asset Management and Liquidity: The bank maintained strong liquidity with over $800 million in unpledged securities, while total assets slightly increased to $5.68 billion, despite a decline in loans held-for-investment and total deposits due to reduced reliance on brokered deposits.
