Northfield Bancorp reports Q4 EPS 19c, consensus 16c

Reports Q4 revenue $32.5M, consensus $29.8M. Reports Q4 provision for credit loss $271K vs. 1.2M last year. Reports Q4 net interest margin 2.17% vs. 2.89% last year. Commenting on the quarter and year, Steven M. Klein, the Company’s Chairman, President and Chief Executive Officer stated, “The Northfield team remained focused on building long-term stockholder value in a challenging operating environment. Relationship banking, fueled by growth in core deposits, commercial lending, and strong asset quality, coupled with disciplined expense management continues to deliver solid financial results.” Mr. Klein also noted, “Northfield’s financial results continue to fund the efficient repurchase of common stock and prudently build upon our strong capital and liquidity, positioning us to take advantage of future opportunities to deploy capital.”