NFBK FY 2023 Earnings Report — Northfield Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Northfield Bancorp, Inc.NFBK

FY 2023 Earnings

Reported February 29, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$221M	—	$188M	—	17.6%
Op. Income	$52M	—	$85M	—	-39.0%
Gross Margin	61.5%	—	86.8%	—	-25.3pp
Net Margin	17.1%	—	32.6%	—	-15.5pp
EPS (Diluted)	$0.86	—	$1.32	—	-34.8%
Free Cash Flow	$43M	—	$81M	—	-46.3%

Revenue Flow

Item	Amount
REVENUE	$221M
Cost of Revenue	$85M
GROSS PROFIT	$136M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$49M
SG&A Expenses	$51M
Other Expenses	$33M
Operating Expenses	$84M
Cost & Expenses	$169M
OPERATING INCOME	$52M
Interest Income	$206M
Interest Expense	$84M
Other Income/Expenses	$0
INCOME BEFORE TAX	$52M
Income Tax Expense	$14M
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$9M
EBIT	$52M
EBITDA	$60M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$221M
Cost of Revenue	$85M
GROSS PROFIT	$136M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$49M
SG&A Expenses	$51M
Other Expenses	$33M
Operating Expenses	$84M
Cost & Expenses	$169M
OPERATING INCOME	$52M
Interest Income	$206M
Interest Expense	$84M
Other Income/Expenses	$0
INCOME BEFORE TAX	$52M
Income Tax Expense	$14M
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$9M
EBIT	$52M
EBITDA	$60M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$38M
Depreciation & Amortization	$9M
Stock-Based Compensation	$4M
Deferred Income Tax	$0
Other Non-Cash Items	$3M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$47M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$74M
Sales/Maturities of Investments	$247M
Other Investing Activities	$24M
NET CASH FROM INVESTING	$194M
Net Debt Issuance	$275M
Common Stock Repurchased	-$37M
Common Dividends Paid	-$23M
Other Financing Activities	-$273M
NET CASH FROM FINANCING	-$57M
FREE CASH FLOW	$43M
Net Change in Cash	$184M

Balance Sheet

Item	Amount
Cash & Equivalents	$230M
Short-Term Investments	$795M
Net Receivables	$18M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$55M
Goodwill	$41M
Intangible Assets	$0
Long-Term Investments	$4.2B
Tax Assets	$0
Other Non-Current Assets	$272M
TOTAL NON-CURRENT ASSETS	$4.6B
TOTAL ASSETS	$5.6B
Account Payables	$0
Short-Term Debt	$25M
Deferred Revenue	$0
Other Current Liabilities	$3.9B
TOTAL CURRENT LIABILITIES	$3.9B
Long-Term Debt	$801M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$159M
TOTAL NON-CURRENT LIABILITIES	$996M
TOTAL LIABILITIES	$4.9B
Common Stock	$648.0K
Additional Paid-In Capital	$591M
Retained Earnings	$433M
Treasury Stock	-$279M
Accum. Other Comp. Income	-$32M
Other Equity	-$14M
TOTAL STOCKHOLDERS' EQUITY	$699M
Minority Interest	$0
TOTAL EQUITY	$699M
TOTAL LIABILITIES & EQUITY	$5.6B
Total Debt	$861M
Net Debt	$632M