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NFBK - Northfield Bancorp's Earnings Likely To Remain Stable
Northfield Bancorp Inc.
Northfield Bancorp's (NASDAQ: NFBK) earnings spiked in the third quarter due to a one-off large reversal of provisions and one-time proceeds from bank owned life insurance. Normalization of these items will lead to lower earnings in the fourth quarter compared to 3QFY19. In 2020 earnings are expected to be at roughly the same level as 2019 because higher net interest income is expected to counter lower non-interest income. Like earnings, I'm expecting dividends to also remain unchanged in 2020.
Rent Regulations Unlikely to Have a Significant Impact on Asset Quality