Northfield Bancorp Inc. (NFBK, Financial) filed Quarterly Report for the period ended 2012-06-30.
Northfield Bancorp Inc has a market cap of $610.6 million; its shares were traded at around $15.06 with a P/E ratio of 36 and P/S ratio of 6.2. The dividend yield of Northfield Bancorp Inc stocks is 1.6%. Northfield Bancorp Inc had an annual average earning growth of 30.7% over the past 5 years.
Net Interest Income. Net interest income increased $1.2 million, or 7.5%, as interest-earning assets increased by 3.9% to $2.27 billion. The increase in average interest-earning assets was due primarily to increases in average loans outstanding of $192.2 million and in other securities of $10.6 million, partially offset by decreases in interest-earning assets in other financial institutions of $23.7 million and $96.3 million in mortgage-backed securities. The quarter ended June 30, 2012 included prepayment loan income of $226,000 compared to $84,000 for the quarter ended June 30, 2011. The three months ended June 30, 2012 included a prepayment fee on the call of a corporate debt of $253,000. Rates paid on interest-bearing liabilities decreased 22 basis points to 1.25% for the current quarter as compared to 1.47% for the prior year comparable period. This was partially offset by a nine basis point decrease in yields earned on interest earning assets to 4.03% for the current quarter as compared to 4.12% for the prior year comparable period.
Net Interest Income. Net interest income increased $2.3 million, or 7.4%, as interest-earning assets increased by 4.81% to $2.25 billion. The increase in average interest-earning assets was due primarily to an increase in average loans outstanding of $206.3 million, partially offset by decreases in interest-earning assets in other financial institutions of $9.2 million, mortgage-backed securities of $90.4 million and other securities of $5.8 million. The six months ended June 30, 2012 included prepayment loan income of $414,000 compared to $248,000 for the six months ended June 30, 2011. The six months ended June 30, 2012 included a prepayment fee on the call of a corporate debt of $253,000. Other securities consist primarily of investment-grade shorter-term corporate bonds, and government-sponsored enterprise bonds. Rates paid on interest-bearing liabilities decreased 20 basis points to 1.27% as compared to 1.47% for the prior-year comparable period. This was partially offset by an 11 basis point decrease in yields earned on interest-earning assets to 4.06% as compared to 4.17% for the prior- year comparable period.
Read the The complete Report
Northfield Bancorp Inc has a market cap of $610.6 million; its shares were traded at around $15.06 with a P/E ratio of 36 and P/S ratio of 6.2. The dividend yield of Northfield Bancorp Inc stocks is 1.6%. Northfield Bancorp Inc had an annual average earning growth of 30.7% over the past 5 years.
Highlight of Business Operations:
Net income amounted to $3.9 million and $8.9 million for the three and six months ended June 30, 2012, respectively, as compared to $4.3 million and $9.3 million for the three and six months ended June 30, 2011, respectively. Basic and diluted earnings per share were $0.10 and $0.23 for the three and six months ended June 30, 2012, respectively, compared to $0.11 and $0.23 for the three and six months ended June 30, 2011, respectively. For the three and six months ended June 30, 2012, our return on average assets was 0.66% and 0.75%, , respectively, as compared to 0.75% and 0.82% for the three and six months ended June 30, 2011, respectively. For the three and six months ended June 30, 2012, our return on average stockholders equity was 4.11% and 4.64%,, respectively, as compared to 4.40% and 4.74% for the three and six months ended June 30, 2011, respectively,.Net Interest Income. Net interest income increased $1.2 million, or 7.5%, as interest-earning assets increased by 3.9% to $2.27 billion. The increase in average interest-earning assets was due primarily to increases in average loans outstanding of $192.2 million and in other securities of $10.6 million, partially offset by decreases in interest-earning assets in other financial institutions of $23.7 million and $96.3 million in mortgage-backed securities. The quarter ended June 30, 2012 included prepayment loan income of $226,000 compared to $84,000 for the quarter ended June 30, 2011. The three months ended June 30, 2012 included a prepayment fee on the call of a corporate debt of $253,000. Rates paid on interest-bearing liabilities decreased 22 basis points to 1.25% for the current quarter as compared to 1.47% for the prior year comparable period. This was partially offset by a nine basis point decrease in yields earned on interest earning assets to 4.03% for the current quarter as compared to 4.12% for the prior year comparable period.
Net Interest Income. Net interest income increased $2.3 million, or 7.4%, as interest-earning assets increased by 4.81% to $2.25 billion. The increase in average interest-earning assets was due primarily to an increase in average loans outstanding of $206.3 million, partially offset by decreases in interest-earning assets in other financial institutions of $9.2 million, mortgage-backed securities of $90.4 million and other securities of $5.8 million. The six months ended June 30, 2012 included prepayment loan income of $414,000 compared to $248,000 for the six months ended June 30, 2011. The six months ended June 30, 2012 included a prepayment fee on the call of a corporate debt of $253,000. Other securities consist primarily of investment-grade shorter-term corporate bonds, and government-sponsored enterprise bonds. Rates paid on interest-bearing liabilities decreased 20 basis points to 1.27% as compared to 1.47% for the prior-year comparable period. This was partially offset by an 11 basis point decrease in yields earned on interest-earning assets to 4.06% as compared to 4.17% for the prior- year comparable period.
Read the The complete Report
