WOODBRIDGE, N.J. (AP) _ Northfield Bancorp Inc. (NFBK) on Wednesday reported second-quarter net income of $10.8 million.
The Woodbridge, New Jersey-based company said it had profit of 23 cents per share. Earnings, adjusted for non-recurring costs, were 24 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The holding company for Northfield Bank posted revenue of $45.1 million in the period. Its adjusted revenue was $34.5 million.
Northfield shares have decreased 41% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.99, a decline of 36% in the last 12 months.