NFBK earnings analysis
What we found in NFBK's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Northfield Bancorp's Q1 2026 report shows a solid increase in net income to $11.8 million, up from $7.9 million in Q1 2025, driven by improved net interest income and lower provisions for credit losses. However, revenue showed a decline from both the prior quarter and year, falling to $36.96 million from $63 million in Q1 2025. The balance sheet reflects a notable increase in cash, while total assets and liabilities decreased slightly, indicating tightening liquidity amid significant merger-related expenses.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Net Income Increased Significantly
- Net income rose to $11.8 million in Q1 2026 from $7.9 million in Q1 2025.
- Improving Net Interest Income
- Net interest income increased by 16.3% to $37.0 million from $31.8 million YoY.
- Reduction in Provision for Credit Losses
- Provision for credit losses decreased to $247,000 from $2.6 million in Q1 2025.
- Strong Cash Position
- Cash and cash equivalents grew by 46.1%, reaching $239.6 million.
- Stable Total Equity
- Total stockholders’ equity rose to $694.7 million from $690.1 million.
- Expanded Margins,
- Net interest margin improved to 2.76% from 2.38% year-over-year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Revenue Decline from the Previous Year
- Total revenue decreased to $36.96 million, down from $63 million in Q1 2025.
- Increased Merger-Related Expenses
- Merger-related expenses reached $1.7 million, impacting profitability.
- Decrease in Total Loans Held-for-Investment
- Loans decreased by $48.8 million or 1.3% from the previous quarter.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.34
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads worse than the one before it.
What came before.
- 10-K · April 28, 2026
- The 2025 Form 10-K/A emphasizes Northfield’s concentrated lending franchise and strategic focus on loan growth, deposit growth and EPS (2025 corporate targets included EPS $0.86, loan originations $424.0 million,…
- 10-K · March 2, 2026
- Northfield Bancorp reports a large, concentrated lending franchise (total loans $3,856,773,000 at 12/31/2025) with 61.23% of loans in multifamily real estate ($2,361,365,000). Q4 2025 shows margin pressure and an…
- 10-Q · August 9, 2024
- Q2 2024 showed higher interest income but compressing net interest income and material decline in profitability. Net income fell to $5.957M (Q2 2023: $9.559M) and diluted EPS declined to $0.14 (Q2 2023: $0.22), driven…
- 10-Q · May 10, 2024
- Northfield Bancorp reported Q1 2024 diluted EPS of $0.15 and net interest income of $27,884,000, down materially from Q1 2023 levels. Net income fell to $6,214,000 from $11,707,000 a year earlier as income before tax…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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