Northfield Bancorp. Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total interest income of USD 32,110,000 against USD 26,398,000 a year ago. Income before income tax expense was USD 12,471,000 against USD 9,021,000 a year ago. Net income was USD 8,198,000 or USD 0.18 per basic and diluted share against USD 5,557,000 or USD 0.13 per basic and diluted share a year ago. Return on assets was 0.85% against 0.69% a year ago. Return on equity was 5.24% against 3.94% a year ago. Net interest income for the quarter ended December 31, 2016, increased USD 5.5 million, or 25.7%, primarily due to an increase in average interest-earning assets of USD 606.1 million, or 20.4%, and a 13 basis point increase in the company's net interest margin to 2.97%.

For the year, the company reported total interest income of USD 124,972,000 against USD 101,758,000 a year ago. Income before income tax expense was USD 39,795,000 against USD 31,506,000 a year ago. Net income was USD 26,130,000 or USD 0.57 per diluted share against USD 19,531,000 or USD 0.45 per diluted share a year ago. Return on assets was 0.70% against 0.63% a year ago. Return on equity was 4.26% against 3.41% a year ago. Tangible book value per share was USD 11.97 against USD 11 a year ago. Net interest income for the year ended December 31, 2016, increased USD 21.2 million, or 25.9%, to USD 103.3 million, from USD 82.1 million for the prior year, primarily due to a USD 561.0 million, or 19.3%, increase in the company's average interest-earning assets, and a 15 basis point increase in the company's net interest margin to 2.98%.

Net charge-offs were USD 25,000 for the fourth quarter ended December 31, 2016, compared to net charge-offs of USD 766,000 for the fourth quarter ended December 31, 2015.