Northfield Bancorp (Northfield Bancorp) Credit Losses Provision : $0.8 Mil (As of Dec. 2023)

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What is Northfield Bancorp Credit Losses Provision?

Northfield Bancorp's credit losses provision for the three months ended in Dec. 2023 was $0.1 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $0.8 Mil.

Northfield Bancorp's quarterly credit losses provision increased from Jun. 2023 ($-0.6 Mil) to Sep. 2023 ($0.3 Mil) but then declined from Sep. 2023 ($0.3 Mil) to Dec. 2023 ($0.1 Mil).

Northfield Bancorp's annual credit losses provision increased from Dec. 2021 ($-5.9 Mil) to Dec. 2022 ($3.4 Mil) but then declined from Dec. 2022 ($3.4 Mil) to Dec. 2023 ($0.8 Mil).

Northfield Bancorp Credit Losses Provision Historical Data

The historical data trend for Northfield Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Northfield Bancorp Credit Losses Provision Chart

Northfield Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.02

12.74

-5.88

3.42

0.80

Northfield Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															1.43	0.98	-0.63	0.35	0.11

Northfield Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.8 Mil.

Northfield Bancorp (Northfield Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Northfield Bancorp Inc (NAS:NFBK) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

581 Main Street, Suite 810, Woodbridge, NJ, USA, 07095

Website

https://www.eNorthfield.com

Northfield Bancorp Inc is the holding company for Northfield Bank. Its subsidiary provides banking services to individuals and corporate customers in Richmond and Kings Counties in New York, and Hunterdon, Mercer, Union and Middlesex counties in New Jersey. The bank attracts deposits and offers credit and other banking services.

Executives

Patrick Louis Ryan	director	581 MAIN STREET, SUITE 810, WOODBRIDGE NJ 07095
Vickie Tomasello	officer: EVP/Chief Risk Officer	581 MAIN STREET, WOODBRIDGE NJ 07095
Steven M Klein	officer: COO and CFO	581 MAIN STREET, SUITE 810, WOODBRIDGE NJ 07095
David Fasanella	officer: EVP	581 MAIN STREET, SUITE 810, WOODBRIDGE NJ 07095
William R. Jacobs	officer: SVP and PAO	581 MAIN STREET, SUITE 810, WOODBRIDGE NJ 07095
Robin Lefkowitz	officer: EVP	581 MAIN STREET, SUITE 810, WOODBRIDGE NJ 07095
Frank P. Patafio	director	581 MAIN STREET, SUITE 810, WOODBRIDGE NJ 07095
Gil Chapman	director	581 MAIN STREET, SUITE 810, WOODBRIDGE NJ 07095
Connors John P Jr	director	581 MAIN STREET, SUITE 810, WOODBRIDGE NJ 07095
Gualberto Medina	director	581 MAIN STREET, WOODBRIDGE NJ 07095
Tara L French	officer: EVP/Chief Admin. Officer	581 MAIN STREET, SUITE 810, WOODBRIDGE NJ 07095
Paul Stahlin	director	581 MAIN STREET, SUITE 810, WOODBRIDGE NJ 07095
Michael J Widmer	officer: EVP	1410 ST. GEORGES AVENUE, AVENEL NJ 07001
Annette Catino	director	581 MAIN STREET, SUITE 810, WOODBRIDGE NJ 07095
John Wade Alexander	director, officer: President and CEO	1410 ST. GEORGES AVENUE, AVENEL NJ 07001