diff --git a/release-notes/VERSION-2.x b/release-notes/VERSION-2.x
index cdaac7efb6..a98de131b0 100644
--- a/release-notes/VERSION-2.x
+++ b/release-notes/VERSION-2.x
@@ -16,14 +16,16 @@ a pure JSON library.
 
 2.18.0 (not yet released)
 
+#1230: Improve performance of `float` and `double` parsing from `TextBuffer`
+ (implemented by @pjfanning)
 #1251: `InternCache` replace synchronized with `ReentrantLock` - the cache
   size limit is no longer strictly enforced for performance reasons but
   we should never go far about the limit
- (contributed by @pjfanning)
+ (implemented by @pjfanning)
 #1252: `ThreadLocalBufferManager` replace synchronized with `ReentrantLock`
- (contributed by @pjfanning)
+ (implemented by @pjfanning)
 #1257: Increase InternCache default max size from 100 to 200
-#1262: Add diagnostic method pooledCount() in RecyclerPool
+#1262: Add diagnostic method `pooledCount()` in `RecyclerPool`
 #1266: Change default recycler pool to `bewConcurrentDequePool()` in 2.18
 
 2.17.1 (not yet released)
diff --git a/src/main/java/tools/jackson/core/io/NumberInput.java b/src/main/java/tools/jackson/core/io/NumberInput.java
index e16dca1bab..78568fdaf2 100644
--- a/src/main/java/tools/jackson/core/io/NumberInput.java
+++ b/src/main/java/tools/jackson/core/io/NumberInput.java
@@ -383,6 +383,32 @@ public static double parseDouble(final String s, final boolean useFastParser) th
         return useFastParser ? JavaDoubleParser.parseDouble(s) : Double.parseDouble(s);
     }
 
+    /**
+     * @param array a char array containing a number to parse
+     * @param useFastParser whether to use {@code FastDoubleParser}
+     * @return closest matching double
+     * @throws NumberFormatException if value cannot be represented by a double
+     * @since 2.18
+     */
+    public static double parseDouble(final char[] array, final boolean useFastParser) throws NumberFormatException {
+        return parseDouble(array, 0, array.length, useFastParser);
+    }
+
+    /**
+     * @param array a char array containing a number to parse
+     * @param offset the offset to apply when parsing the number in the char array
+     * @param len the length of the number in the char array
+     * @param useFastParser whether to use {@code FastDoubleParser}
+     * @return closest matching double
+     * @throws NumberFormatException if value cannot be represented by a double
+     * @since 2.18
+     */
+    public static double parseDouble(final char[] array, final int offset,
+                                     final int len, final boolean useFastParser) throws NumberFormatException {
+        return useFastParser ? JavaDoubleParser.parseDouble(array, offset, len) :
+                Double.parseDouble(new String(array, offset, len));
+    }
+
     /**
      * @param s a string representing a number to parse
      * @return closest matching float
@@ -411,6 +437,32 @@ public static float parseFloat(final String s, final boolean useFastParser) thro
         return Float.parseFloat(s);
     }
 
+    /**
+     * @param array a char array containing a number to parse
+     * @param useFastParser whether to use {@code FastDoubleParser}
+     * @return closest matching float
+     * @throws NumberFormatException if value cannot be represented by a float
+     * @since 2.18
+     */
+    public static float parseFloat(final char[] array, final boolean useFastParser) throws NumberFormatException {
+        return parseFloat(array, 0, array.length, useFastParser);
+    }
+
+    /**
+     * @param array a char array containing a number to parse
+     * @param offset the offset to apply when parsing the number in the char array
+     * @param len the length of the number in the char array
+     * @param useFastParser whether to use {@code FastDoubleParser}
+     * @return closest matching float
+     * @throws NumberFormatException if value cannot be represented by a float
+     * @since 2.18
+     */
+    public static float parseFloat(final char[] array, final int offset,
+                                   final int len, final boolean useFastParser) throws NumberFormatException {
+        return useFastParser ? JavaFloatParser.parseFloat(array, offset, len) :
+                Float.parseFloat(new String(array, offset, len));
+    }
+
     /**
      * @param s a string representing a number to parse
      * @return a BigDecimal
diff --git a/src/main/java/tools/jackson/core/util/TextBuffer.java b/src/main/java/tools/jackson/core/util/TextBuffer.java
index dedc53348c..48bb653972 100644
--- a/src/main/java/tools/jackson/core/util/TextBuffer.java
+++ b/src/main/java/tools/jackson/core/util/TextBuffer.java
@@ -346,9 +346,9 @@ private char[] buf(int needed)
     private void clearSegments()
     {
         _hasSegments = false;
-        /* Let's start using _last_ segment from list; for one, it's
-         * the biggest one, and it's also most likely to be cached
-         */
+        // Let's start using _last_ segment from list; for one, it's
+        // the biggest one, and it's also most likely to be cached
+
         // 28-Aug-2009, tatu: Actually, the current segment should
         //   be the biggest one, already
         //_currentSegment = _segments.get(_segments.size() - 1);
@@ -516,37 +516,79 @@ public char[] contentsAsArray() throws JacksonException {
     /**
      * Convenience method for converting contents of the buffer
      * into a Double value.
+     *<p>
+     * NOTE! Caller <b>MUST</b> validate contents before calling this method,
+     * to ensure textual version is valid JSON floating-point token -- this
+     * method is not guaranteed to do any validation and behavior with invalid
+     * content is not defined (either throws an exception or returns arbitrary
+     * number).
      *
      * @param useFastParser whether to use {@code FastDoubleParser}
      * @return Buffered text value parsed as a {@link Double}, if possible
      *
-     * @throws NumberFormatException if contents are not a valid Java number
+     * @throws NumberFormatException may (but is not guaranteed!) be thrown
+     *    if contents are not a valid JSON floating-point number representation
      */
-    public double contentsAsDouble(final boolean useFastParser) throws NumberFormatException {
-        try {
-            return NumberInput.parseDouble(contentsAsString(), useFastParser);
-        } catch (JacksonException e) {
-            // JsonParseException is used to denote a string that is too long
-            throw new NumberFormatException(e.getMessage());
+    public double contentsAsDouble(final boolean useFastParser) throws NumberFormatException
+    {
+        // Order in which check is somewhat arbitrary... try likeliest ones
+        // that do not require allocation first
+
+        // except _resultString first since it works best with JDK (non-fast parser)
+        if (_resultString != null) {
+            return NumberInput.parseDouble(_resultString, useFastParser);
+        }
+        if (_inputStart >= 0) { // shared?
+            return NumberInput.parseDouble(_inputBuffer, _inputStart, _inputLen, useFastParser);
+        }
+        if (_currentSize == 0) { // all content in current segment!
+            return NumberInput.parseDouble(_currentSegment, 0, _currentSize, useFastParser);
+        }
+        if (_resultArray != null) {
+            return NumberInput.parseDouble(_resultArray, useFastParser);
         }
+
+        // Otherwise, segmented so need to use slow path
+        return NumberInput.parseDouble(contentsAsString(), useFastParser);
     }
 
     /**
      * Convenience method for converting contents of the buffer
      * into a Float value.
+     *<p>
+     * NOTE! Caller <b>MUST</b> validate contents before calling this method,
+     * to ensure textual version is valid JSON floating-point token -- this
+     * method is not guaranteed to do any validation and behavior with invalid
+     * content is not defined (either throws an exception or returns arbitrary
+     * number).
      *
      * @param useFastParser whether to use {@code FastDoubleParser}
      * @return Buffered text value parsed as a {@link Float}, if possible
      *
-     * @throws NumberFormatException if contents are not a valid Java number
+     * @throws NumberFormatException may (but is not guaranteed!) be thrown
+     *    if contents are not a valid JSON floating-point number representation
      */
-    public float contentsAsFloat(final boolean useFastParser) throws NumberFormatException {
-        try {
-            return NumberInput.parseFloat(contentsAsString(), useFastParser);
-        } catch (JacksonException e) {
-            // JsonParseException is used to denote a string that is too long
-            throw new NumberFormatException(e.getMessage());
+    public float contentsAsFloat(final boolean useFastParser) throws NumberFormatException
+    {
+        // Order in which check is somewhat arbitrary... try likeliest ones
+        // that do not require allocation first
+
+        // except _resultString first since it works best with JDK (non-fast parser)
+        if (_resultString != null) {
+            return NumberInput.parseFloat(_resultString, useFastParser);
+        }
+        if (_inputStart >= 0) { // shared?
+            return NumberInput.parseFloat(_inputBuffer, _inputStart, _inputLen, useFastParser);
+        }
+        if (_currentSize == 0) { // all content in current segment!
+            return NumberInput.parseFloat(_currentSegment, 0, _currentSize, useFastParser);
         }
+        if (_resultArray != null) {
+            return NumberInput.parseFloat(_resultArray, useFastParser);
+        }
+
+        // Otherwise, segmented so need to use slow path
+        return NumberInput.parseFloat(contentsAsString(), useFastParser);
     }
 
     /**
diff --git a/src/test/java/tools/jackson/core/util/TestTextBuffer.java b/src/test/java/tools/jackson/core/util/TestTextBuffer.java
index 6067a0806d..0a8aa55981 100644
--- a/src/test/java/tools/jackson/core/util/TestTextBuffer.java
+++ b/src/test/java/tools/jackson/core/util/TestTextBuffer.java
@@ -2,6 +2,8 @@
 
 import org.junit.jupiter.api.Test;
 
+import java.io.IOException;
+
 import static org.junit.jupiter.api.Assertions.*;
 
 class TestTextBuffer
@@ -211,4 +213,27 @@ void getSizeFinishCurrentSegmentAndResetWith() throws Exception {
         assertEquals(2, textBuffer.size());
     }
 
+    public void testContentsAsFloat() throws IOException {
+        TextBuffer textBuffer = new TextBuffer(null);
+        textBuffer.resetWithString("1.2345678");
+        assertEquals(1.2345678f,  textBuffer.contentsAsFloat(false));
+    }
+
+    public void testContentsAsFloatFastParser() throws IOException {
+        TextBuffer textBuffer = new TextBuffer(null);
+        textBuffer.resetWithString("1.2345678");
+        assertEquals(1.2345678f,  textBuffer.contentsAsFloat(true));
+    }
+
+    public void testContentsAsDouble() throws IOException {
+        TextBuffer textBuffer = new TextBuffer(null);
+        textBuffer.resetWithString("1.234567890123456789");
+        assertEquals(1.234567890123456789d,  textBuffer.contentsAsDouble(false));
+    }
+
+    public void testContentsAsDoubleFastParser() throws IOException {
+        TextBuffer textBuffer = new TextBuffer(null);
+        textBuffer.resetWithString("1.234567890123456789");
+        assertEquals(1.234567890123456789d,  textBuffer.contentsAsDouble(true));
+    }
 }