Fri, May 9, 5:08 PM (43 days ago)
**Northfield Bancorp, Inc. (NFBK) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $63.1 million (up 1.7% YoY) - **Net Income:** $7.9 million (up 28.2% YoY) - **Earnings per Share (EPS):** $0.19 (up 26.7% YoY) - **Return on Assets (ROA):** 0.56% (up 30.2% YoY) - **Return on Equity (ROE):** 4.52% (up 26.0% YoY) **Profit Margins:** - **Net Interest Margin:** 2.38% (up 16.2% YoY) - **Efficiency Ratio:** 68.5% (down 3.3% YoY) **Cash Flow:** - **Net Cash Provided by Operating Activities:** $9.4 million (up 122.3% YoY) - **Net Cash Used in Investing Activities:** -$106.3 million (down 55.5% YoY) - **Net Cash Provided by Financing Activities:** $30.8 million (up 24.8% YoY) **Earnings Changes:** - **Net Interest Income:** $31.8 million (up 13.8% YoY) - **Provision for Credit Losses:** $2.6 million (up 436.4% YoY) - **Non-Interest Income:** $3.0 million (down 10.6% YoY) - **Non-Interest Expense:** $21.4 million (down 4.0% YoY) **Quarterly Performance Discussion:** - **Loan Portfolio:** Total loans held-for-investment decreased by 0.8% QoQ, with a strategic focus on managing concentration risk. - **Deposit Portfolio:** Total deposits decreased by 0.2% QoQ, with growth in transaction accounts and time deposits. - **Investment Portfolio:** Available-for-sale debt securities increased by 13.2% QoQ, with a focus on higher-yielding mortgage-backed securities. **Trends & Uncertainties:** - **Interest Rate Environment:** The company is managing interest rate risk through strategic asset-liability management. - **Economic Conditions:** The company is monitoring economic trends and their potential impact on loan portfolio performance. - **Regulatory Environment:** The company is complying with all applicable regulatory requirements and managing capital and liquidity effectively. **Future Operations Impact:** - The company expects to continue its strategic focus on managing concentration risk, maintaining disciplined loan pricing, and investing in higher-yielding assets. - The company will continue to monitor economic trends and manage interest rate risk effectively. - The company will comply with all applicable regulatory requirements and maintain strong capital and liquidity positions.