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Northfield Bancorp , Inc. Announces First Quarter 2021 Results Company Release - 4/28/2021 7:18 PM ET NOTABLE ITEMS FOR THE QUARTER INCLUDE : DILUTED EARNINGS PER SHARE INCREASED OVER 46 % TO $ 0.38 AS COMPARED TO $ 0.26 FOR THE TRAILING QUARTER , AND OVER 280 % COMPARED TO $ 0.10 FOR THE FIRST QUARTER OF 2020 . NET INTEREST INCOME INCREASED $ 3.1 MILLION , OR 8.5 % , OVER THE TRAILING QUARTER , AND $ 10.2 MILLION , OR 34.2 % , COMPARED TO THE FIRST QUARTER OF 2020 . NET INTEREST MARGIN INCREASED 27 BASIS POINTS TO 3.10 % AS COMPARED TO 2.83 % FOR THE TRAILING QUARTER , AND 53 BASIS POINTS AS COMPARED TO 2.57 % FOR THE FIRST QUARTER OF 2020 . LOANS HELD - FOR - INVESTMENT , NET , INCREASED $ 109.8 MILLION , OR 11.5 % ANNUALIZED . DEPOSITS , EXCLUDING BROKERED , INCREASED $ 25.2 MILLION , OR 2.6 % , ANNUALIZED . THE COMPANY ADOPTED THE CURRENT EXPECTED CREDIT LOSSES ( " CECL " ) ACCOUNTING STANDARD AS OF JANUARY 1 , 2021 . INCREASED QUARTERLY CASH DIVIDEND BY 18.2 % TO $ 0.13 PER SHARE OF COMMON STOCK , PAYABLE MAY 26 , 2021 , TO STOCKHOLDERS OF RECORD AS OF MAY 12 , 2021 . REPURCHASED 742,323 SHARES TOTALING APPROXIMATELY $ 10.1 MILLION . WOODBRIDGE , N.J. , April 28 , 2021 ( GLOBE NEWSWIRE ) -- NORTHFIELD BANCORP , INC . ( Nasdaq : NFBK ) , the holding company for Northfield Bank , reported diluted earnings per common share of $ 0.38 for quarter ended March 31 , 2021 , as compared to $ 0.26 per diluted share for the quarter ended December 31 , 2020 , and $ 0.10 per diluted share for the quarter ended March 31 , 2020. Earnings for the quarter ended March 31 , 2021 , included a negative provision for loan losses of $ 2.4 million , reflecting an improvement in the forecasted economic outlook during the quarter , as compared to provisions for loan losses of $ 2.5 million and $ 8.2 million for the quarters ended December 31 , 2020 , and March 31 , 2020 , respectively , under the incurred loss methodology . The provision for loan losses for the quarter ended March 31 , 2020 , included incremental loss provisions of $ 6.2 million ( $ 4.6 million after - tax ) , related to additional factors considered for economic uncertainties related to the Coronavirus Disease 2019