Northfield Bancorp Reports Net Income of $11.7 Million for the First Quarter of 2023

Northfield Bancorp, Inc.(NFBK) has released its unaudited fina ncial statements for the first quarter of 2023, reporting a net income of $11.7 million and total revenue of $49.9 million. The financial data reflects the company's consolidated balance sheets, comprehensive income (loss), changes in stockholders' equity, and cash flows for the three-month period ending March 31, 2023.

Northfield Bancorp's performance highlights its strategic management of assets and liabilities and showcases the company's commitment to maintaining a strong financial position in the market. Let's delve into the details of the financial statements to better understand the factors that contributed to their Q1 2023 results.

Consolidated Balance Sheets

The Consolidated Balance Sheets show that as of March 31, 2023, Northfield Bancorp's total assets amounted to $5.66 billion, compared to $5.60 billion as of December 31, 2022. The significant components of assets included cash and due from banks, interest-bearing deposits in other financial institutions, debt securities available-for-sale, and loans held-for-investment.