Yahoo Finance 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 3.3% 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 2.3% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for Northfield Bancorp (Staten Island NY) that you need to take into consideration.
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