Welcome to our dedicated page for Northfield Banco news (Ticker: NFBK), a resource for investors and traders seeking the latest updates and insights on Northfield Banco stock.
Northfield Bancorp, Inc. reports recurring developments as the holding company for Northfield Bank, a banking business serving customers in New York and New Jersey. Company news centers on quarterly operating results, deposit gathering, loan balances, net interest income, net interest margin, funding costs and asset-quality measures across multifamily, commercial real estate, commercial and industrial, home equity, construction and land lending.
Updates also cover credit-loss provisions, nonperforming loans, liquidity, branch activity, cash dividends, stock repurchases and other capital-management actions. Corporate news may include material agreements, shareholder voting and governance matters tied to strategic transactions while the company remains anchored in its bank holding company operations.
Northfield Bancorp (Nasdaq:NFBK) reported Q1 2026 net income of $11.8M, or $0.30 diluted EPS, versus a loss of $27.4M in Q4 2025 and $7.9M in Q1 2025. Key drivers included net interest income of $37.0M, margin expansion to 2.76%, deposit growth, and a declared quarterly dividend of $0.13 per share payable May 20, 2026.
Quarter included $1.7M of merger expenses related to the pending Columbia Financial merger; Q4 2025 had a $41.0M goodwill impairment.
Northfield Bancorp (Nasdaq: NFBK) reported a Q4 2025 net loss of $27.4 million ($0.69/share) driven by a $41.0 million goodwill impairment; the company declared a $0.13/share cash dividend payable Feb 25, 2026 to holders of record Feb 12, 2026. Net interest margin increased to 2.70% and asset quality remained strong at 0.42% non-performing loans.
Columbia Financial (NASDAQ: CLBK) will acquire Northfield Bancorp (NASDAQ: NFBK) in a transaction valued at approximately $597 million, creating a pro forma regional bank with $18 billion in assets. Columbia will complete a second-step conversion, selling MHC shares at $10.00 and converting Columbia into a new public holding company. The merger consideration offers variable stock or cash options tied to an independent valuation, limits cash elections to 30%, and is expected to close early in Q3 2026. Columbia estimates the deal could be 50% accretive to 2027 EPS at midpoint valuation.
Northfield Bancorp (Nasdaq:NFBK) reported Q3 2025 net income of $10.8M or $0.27 diluted EPS, versus $6.5M ($0.16) in Q3 2024 and $9.6M ($0.24) in Q2 2025. Net interest income for the quarter was $34.5M, up $6.3M year-over-year, and net interest margin rose to 2.54% from 2.08% a year earlier. Nine‑month net income was $28.2M ($0.70 per share) versus $18.7M ($0.45) prior year, driven by higher net interest income and lower funding costs. Asset quality remained strong with non‑performing loans at 0.49% of loans. The board declared a $0.13 quarterly cash dividend payable November 19, 2025.
Northfield Bancorp (Nasdaq:NFBK) reported strong Q2 2025 financial results with net income of $9.6 million, or $0.24 per diluted share, up from $7.9 million ($0.19/share) in Q1 2025 and $6.0 million ($0.14/share) in Q2 2024.
Key highlights include: Net interest margin increased to 2.57% (up 19 basis points from Q1); cost of deposits (excluding brokered) decreased to 1.88%; and asset quality improved with non-performing loans ratio dropping to 0.36%. The company maintains strong liquidity with over $800 million in unpledged securities and $1 billion in pledge-ready loans.
The company completed a $10 million share repurchase program, buying back 862,469 shares, and declared a $0.13 per share dividend payable August 20, 2025.
Northfield Bancorp (NFBK) reported Q1 2025 net income of $7.9 million, or $0.19 per diluted share, compared to $11.3 million ($0.27/share) in Q4 2024 and $6.2 million ($0.15/share) in Q1 2024.
Key highlights include:
- Net interest margin increased to 2.38% from 2.18% in Q4 2024
- Deposits grew by $133.6 million (13.8% annualized)
- Loans declined by $30.7 million (3.0% annualized)
- Strong asset quality with non-performing loans at 0.48%
- Board approved new $10 million share repurchase plan
- Declared $0.13 quarterly dividend payable May 21, 2025
The quarter-over-quarter decrease in earnings was primarily due to a one-time $3.4 million gain from property sale in Q4 2024. The company maintains strong liquidity with $1.12 billion in unpledged securities and $547 million in pledge-ready loans.
Northfield Bancorp (NFBK) reported Q4 2024 net income of $11.3 million, or $0.27 per diluted share, compared to $6.5 million ($0.16) in Q3 2024 and $8.2 million ($0.19) in Q4 2023. The Q4 results included a $0.06 per share gain from a Staten Island branch sale.
Net interest margin improved to 2.18% from 2.08% in Q3, while deposits (excluding brokered) increased by $81.6 million (8.6% annualized). Loans declined by $36.9 million, with decreases in multifamily and commercial loans. Asset quality remained strong with non-performing loans at 0.51% of total loans.
For full-year 2024, net income was $29.9 million ($0.72 per share), down from $37.7 million ($0.86) in 2023. The company maintained strong liquidity with $683 million in unpledged securities and declared a $0.13 per share dividend payable February 19, 2025.
Northfield Bank (NASDAQ: NFBK) announced that Steven M. Klein, Chairman and CEO, has been elected to the Board of Directors of the Federal Home Loan Bank of New York (FHLBNY). His four-year term will run from January 1, 2025, to December 31, 2028. Klein, who leads Northfield's strategic planning in lending, deposits, technology, risk management, and customer experience, will contribute to FHLBNY's mission of providing liquidity to members for housing and community development. He currently serves on multiple industry boards, including the New York Bankers Association and New Jersey Bankers Association, and holds leadership positions in various community organizations.
Northfield Bancorp (Nasdaq:NFBK) reported Q3 2024 net income of $6.5 million, or $0.16 per diluted share, compared to $6.0 million ($0.14/share) in Q2 2024 and $8.2 million ($0.19/share) in Q3 2023. Net interest margin remained stable at 2.08% compared to 2.09% in the previous quarter. Deposits decreased modestly by $5.1 million, while loan balances declined by $27.2 million. Asset quality showed some pressure with non-performing loans increasing to 0.75% of total loans from 0.42%. The company maintained strong liquidity with $597 million in unpledged securities and $699 million in loans available for pledge.
The Northfield Bank Foundation has announced John P. Connors, Jr. as the new Chair of its Board of Directors. Connors, an attorney practicing in New York, New Jersey, and D.C., has been a board member since 2008. He also serves on various other boards, including Northfield Bank and Notre Dame Academy.
Steven M. Klein, CEO of the Foundation, expressed gratitude for Connors' leadership. The outgoing Chair, Timothy C. Harrison, will continue serving on the board. During Harrison's five-year tenure, the Foundation granted approximately $4 million to 260 organizations across Staten Island, Brooklyn, and New Jersey.
The Northfield Bank Foundation, established in 2007, supports non-profits in Northfield Bank's operational areas. Since its inception, it has issued over $11.4 million in grants focusing on education, health and human services, and youth programs.