Northfield Bancorp's Q3 profit soars on higher net interest income

Northfield Bancorp

23/10/2025 01:10

Overview

Regional lender Northfield Bancorp's Q3 diluted EPS rises to $0.27 from $0.16 last year

Net interest income for Q3 increases to $34.5 mln, up 22.3% from last year

Company declares a cash dividend of $0.13 per share, payable on November 19

Outlook

Northfield Bancorp did not provide specific future guidance

Result Drivers

NET INTEREST INCOME - Increase driven by higher yields on loans and securities and a drop in cost of interest-bearing liabilities

REDUCED CREDIT PROVISIONS - Decrease in provision for credit losses on loans contributed to improved net income

DEPOSIT GROWTH - Deposits, excluding brokered, increased by $32.6 million sequentially

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.27
Q3 Net Income
$10.8 mln
Q3 Net Interest Income
$34.5 mln
Q3 Dividend
$0.13
Q3 Net Interest Margin
2.54%


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Northfield Bancorp is $13.00, about 15.7% above its October 21 closing price of $10.96

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNX3Mbwpd

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)