Northfield: Fourth Quarter Earnings Overview
Northfield Bancorp Reports Fourth Quarter Loss
Northfield Bancorp Inc., headquartered in Woodbridge, New Jersey, announced on Monday that it experienced a net loss of $27.4 million during the fourth quarter.
The company reported a per-share loss of 69 cents for the quarter. When excluding asset impairment charges, adjusted earnings stood at 34 cents per share.
Northfield Bancorp, which operates Northfield Bank, recorded $68.3 million in total revenue for the quarter, with adjusted revenue amounting to $41.3 million.
Looking at the full year, the company achieved a net profit of $796,000, translating to earnings of 2 cents per share. Total annual revenue reached $154.3 million.
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