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WOODBRIDGE, NJ April 28, 2015– NORTHFIELD BANCORP, INC. (NasdaqGS:NFBK), the holding company for Northfield Bank, reported diluted earnings per common share of $0.11 for the quarter ended March 31, 2015, compared to diluted earnings per common share of $0.10 for the quarter ended March 31, 2014.
John W. Alexander, Chairman and Chief Executive Officer, commented, “I am pleased to report another solid quarter of performance with diluted earnings per share exceeding the same quarter of last year by 10%. Highlighting the quarter was strong loan origination activity in our multifamily portfolio that resulted in 3.2% overall loan growth within the quarter. We ended the period with total loans of over $2.0 billion representing more than 65% of total assets. Loan growth continues to be an important driver of profitability and helps offset the downward pressures on the net interest margin.”
Continuing, Mr. Alexander commented, “We continue to return value to our shareholders through cash dividends and stock repurchases. During the quarter we repurchased approximately 1.2 million shares of Northfield stock, and in April the Board of Directors declared a quarterly cash dividend of $0.07 per common share, a 16.7 % increase from the same quarter of last year, payable May 20, 2015, to stockholders of record as of May 6, 2015.”
About Northfield Bank
Northfield Bank, founded in 1887, operates 30 full service banking offices in Staten Island and Brooklyn, New York and Middlesex and Union counties, New Jersey. For more information about Northfield Bank, please visit www.eNorthfield.com.
Media Contact: Damien Kane, Vice President & Director of Marketing, (732) 499-7200 x2503