Northfield Bancorp (Staten Island NY) Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Northfield Bancorp (Staten Island NY) (NASDAQ:NFBK) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$29.3m (down 7.5% from 3Q 2023).
• Net income: US$6.52m (down 20% from 3Q 2023).
• Profit margin: 22% (down from 26% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.16 (down from US$0.19 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Northfield Bancorp (Staten Island NY) EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 2.1%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 7.3% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Northfield Bancorp (Staten Island NY)'s balance sheet and an in-depth analysis of the company's financial position.

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