NFBK FY 2022 Earnings Report — Northfield Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Northfield Bancorp, Inc.NFBK

FY 2022 Earnings

Reported March 1, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$188M	—	$187M	—	0.5%
Op. Income	$85M	—	$97M	—	-12.6%
Gross Margin	86.8%	—	94.2%	—	-7.4pp
Net Margin	32.6%	—	37.8%	—	-5.3pp
EPS (Diluted)	$1.32	—	$1.45	—	-9.0%
Free Cash Flow	$81M	—	$63M	—	28.0%

Revenue Flow

Item	Amount
REVENUE	$188M
Cost of Revenue	$25M
GROSS PROFIT	$163M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$43M
SG&A Expenses	$46M
Other Expenses	$32M
Operating Expenses	$78M
Cost & Expenses	$103M
OPERATING INCOME	$85M
Interest Income	$179M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$85M
Income Tax Expense	$24M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$8M
EBIT	$85M
EBITDA	$93M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$188M
Cost of Revenue	$25M
GROSS PROFIT	$163M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$43M
SG&A Expenses	$46M
Other Expenses	$32M
Operating Expenses	$78M
Cost & Expenses	$103M
OPERATING INCOME	$85M
Interest Income	$179M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$85M
Income Tax Expense	$24M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$8M
EBIT	$85M
EBITDA	$93M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$61M
Depreciation & Amortization	$8M
Stock-Based Compensation	$4M
Deferred Income Tax	$0
Other Non-Cash Items	$13M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$83M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$180M
Sales/Maturities of Investments	$347M
Other Investing Activities	-$445M
NET CASH FROM INVESTING	-$280M
Net Debt Issuance	$61M
Common Stock Repurchased	-$31M
Common Dividends Paid	-$24M
Other Financing Activities	$146M
NET CASH FROM FINANCING	$152M
FREE CASH FLOW	$81M
Net Change in Cash	-$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$46M
Short-Term Investments	$952M
Net Receivables	$17M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$59M
Goodwill	$41M
Intangible Assets	$0
Long-Term Investments	$4.2B
Tax Assets	$0
Other Non-Current Assets	$263M
TOTAL NON-CURRENT ASSETS	$4.6B
TOTAL ASSETS	$5.6B
Account Payables	$0
Short-Term Debt	$25M
Deferred Revenue	$0
Other Current Liabilities	$4.2B
TOTAL CURRENT LIABILITIES	$4.2B
Long-Term Debt	$620M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$686M
TOTAL LIABILITIES	$4.9B
Common Stock	$648.0K
Additional Paid-In Capital	$590M
Retained Earnings	$418M
Treasury Stock	-$244M
Accum. Other Comp. Income	-$48M
Other Equity	-$16M
TOTAL STOCKHOLDERS' EQUITY	$701M
Minority Interest	$0
TOTAL EQUITY	$701M
TOTAL LIABILITIES & EQUITY	$5.6B
Total Debt	$685M
Net Debt	$639M