Northfield Bancorp, Inc. (NFBK) Financial Statements (2024 and earlier)

Company Profile

Business Address 581 MAIN STREET
WOODBRIDGE, NJ 07095
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments100,858170,08145,79980,739120,633147,670
Cash and cash equivalents89,127158,95245,79970,665110,232135,514
Short-term investments11,73111,129 10,07410,40112,156
Financing receivable, accrued interest, after allowance for credit loss   11,700   
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss373739   
Total current assets:100,895170,11857,53880,739120,633147,670
Noncurrent Assets
Operating lease, right-of-use asset32,01033,12034,28835,44636,59532,813
Property, plant and equipment24,57324,67424,84425,38225,76625,356
Intangible assets, net (including goodwill)41,01241,01241,01241,01241,01241,012
Goodwill41,01241,01241,01241,01241,01241,012
Total noncurrent assets:97,59598,806100,144101,840103,37399,181
Other undisclosed assets5,342,3255,394,2495,443,6115,487,0165,423,1455,269,439
TOTAL ASSETS:5,540,8155,663,1735,601,2935,669,5955,647,1515,516,290
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt25,00025,00025,00025,00025,00050,000
Total current liabilities:25,00025,00025,00025,00025,00050,000
Noncurrent Liabilities
Other undisclosed liabilities4,829,1744,940,0074,874,9034,951,2934,906,8784,750,892
Total liabilities:4,854,1744,965,0074,899,9034,976,2934,931,8784,800,892
Equity
Equity, attributable to parent, including:686,641698,166701,390693,302715,273715,398
Common stock648648648648648648
Treasury stock, value(270,997)(257,455)(243,879)(236,904)(225,596)(222,657)
Additional paid in capital589,335588,532590,249589,602588,940588,131
Accumulated other comprehensive loss(45,074)(42,285)(48,331)(53,834)(31,266)(23,289)
Retained earnings427,921424,148418,353410,134399,131389,387
Other undisclosed equity, attributable to parent(15,192)(15,422)(15,650)(16,344)(16,584)(16,822)
Total equity:686,641698,166701,390693,302715,273715,398
TOTAL LIABILITIES AND EQUITY:5,540,8155,663,1735,601,2935,669,5955,647,1515,516,290

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues46,65744,79746,25543,20937,56435,977
Net investment income46,11644,28543,27542,51039,16436,779
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
    (2,703)(149)(403)
Other undisclosed gross profit   3,255   
Gross profit:46,65744,79749,51040,50637,41535,574
Operating expenses(7,163)(9,091)(2,816)(6,973)(7,130)(7,857)
Other operating income, net
(Noninterest Income, Other Operating Income)
95569747810581
Operating income:39,58936,27546,76833,61130,39027,798
Nonoperating income889870849861848839
Bank owned life insurance income889870866861848839
Interest and debt expense(20,509)(15,031)(9,419)(5,267)(3,371)(3,325)
Income from continuing operations before equity method investments, income taxes:19,96922,11438,19829,20527,86725,312
Other undisclosed loss from continuing operations before income taxes(6,797)(5,878)(18,521)(5,481)(5,879)(5,842)
Income from continuing operations before income taxes:13,17216,23619,67723,72421,98819,470
Income tax expense(3,613)(4,529)(5,538)(6,745)(6,114)(5,343)
Income from continuing operations:9,55911,70714,13916,97915,87414,127
Income before gain (loss) on sale of properties:16,97915,87414,127
Net income available to common stockholders, diluted:9,55911,70714,13916,97915,87414,127

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:9,55911,70714,13916,97915,87414,127
Other comprehensive income (loss)(3,873)8,39627,169(31,339)(11,079)(35,145)
Comprehensive income (loss):5,68620,10341,308(14,360)4,795(21,018)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,084(2,350)(21,666)8,7713,1029,793
Comprehensive income (loss), net of tax, attributable to parent:6,77017,75319,642(5,589)7,897(11,225)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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