Stock Analysis
- United States
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- NasdaqGS:NFBK
Northfield Bancorp (Staten Island NY) First Quarter 2024 Earnings: Revenues Disappoint
Northfield Bancorp (Staten Island NY) (NASDAQ:NFBK) First Quarter 2024 Results
Key Financial Results
- Revenue: US$30.9m (down 17% from 1Q 2023).
- Net income: US$6.21m (down 47% from 1Q 2023).
- Profit margin: 20% (down from 31% in 1Q 2023). The decrease in margin was driven by lower revenue.
- EPS: US$0.15 (down from US$0.26 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Northfield Bancorp (Staten Island NY) Earnings Insights
Looking ahead, revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 2.0% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Northfield Bancorp (Staten Island NY) you should know about.
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Find out whether Northfield Bancorp (Staten Island NY) is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NasdaqGS:NFBK
Northfield Bancorp (Staten Island NY)
Northfield Bancorp, Inc. (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking products and services primarily to individuals and corporate customers.
Flawless balance sheet established dividend payer.