NFBK FY 2021 Earnings Report — Northfield Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Northfield Bancorp, Inc.NFBK

FY 2021 Earnings

Reported March 1, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$187M	—	$180M	—	4.0%
Op. Income	$97M	—	$50M	—	94.2%
Gross Margin	94.2%	—	71.6%	—	22.7pp
Net Margin	37.8%	—	20.6%	—	17.2pp
EPS (Diluted)	$1.45	—	$0.76	—	90.8%
Free Cash Flow	$63M	—	$52M	—	21.0%

Revenue Flow

Item	Amount
REVENUE	$187M
Cost of Revenue	$11M
GROSS PROFIT	$176M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$45M
SG&A Expenses	$47M
Other Expenses	$31M
Operating Expenses	$79M
Cost & Expenses	$90M
OPERATING INCOME	$97M
Interest Income	$171M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$97M
Income Tax Expense	$26M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$8M
EBIT	$97M
EBITDA	$106M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$187M
Cost of Revenue	$11M
GROSS PROFIT	$176M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$45M
SG&A Expenses	$47M
Other Expenses	$31M
Operating Expenses	$79M
Cost & Expenses	$90M
OPERATING INCOME	$97M
Interest Income	$171M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$97M
Income Tax Expense	$26M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$8M
EBIT	$97M
EBITDA	$106M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$71M
Depreciation & Amortization	$8M
Stock-Based Compensation	$4M
Deferred Income Tax	$0
Other Non-Cash Items	-$12M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$65M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$752M
Sales/Maturities of Investments	$785M
Other Investing Activities	$53M
NET CASH FROM INVESTING	$85M
Net Debt Issuance	-$170M
Common Stock Repurchased	-$53M
Common Dividends Paid	-$24M
Other Financing Activities	$101M
NET CASH FROM FINANCING	-$146M
FREE CASH FLOW	$63M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$91M
Short-Term Investments	$1.2B
Net Receivables	$15M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$60M
Goodwill	$41M
Intangible Assets	$0
Long-Term Investments	$3.8B
Tax Assets	$27M
Other Non-Current Assets	$211M
TOTAL NON-CURRENT ASSETS	$4.1B
TOTAL ASSETS	$5.4B
Account Payables	$0
Short-Term Debt	$50M
Deferred Revenue	$0
Other Current Liabilities	$4.2B
TOTAL CURRENT LIABILITIES	$4.3B
Long-Term Debt	$372M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$437M
TOTAL LIABILITIES	$4.7B
Common Stock	$648.0K
Additional Paid-In Capital	$590M
Retained Earnings	$381M
Treasury Stock	-$217M
Accum. Other Comp. Income	$2M
Other Equity	-$17M
TOTAL STOCKHOLDERS' EQUITY	$740M
Minority Interest	$0
TOTAL EQUITY	$740M
TOTAL LIABILITIES & EQUITY	$5.4B
Total Debt	$462M
Net Debt	$371M