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,…
Earnings analysis · 10-Q
NFBK earnings analysis
Filed May 11, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.34
What stood out
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Net Income Increased Significantly
Net income rose to $11.8 million in Q1 2026 from $7.9 million in Q1 2025.
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Improving Net Interest Income
Net interest income increased by 16.3% to $37.0 million from $31.8 million YoY.
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Reduction in Provision for Credit Losses
Provision for credit losses decreased to $247,000 from $2.6 million in Q1 2025.
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Strong Cash Position
Cash and cash equivalents grew by 46.1%, reaching $239.6 million.
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Stable Total Equity
Total stockholders’ equity rose to $694.7 million from $690.1 million.
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Expanded Margins,
Net interest margin improved to 2.76% from 2.38% year-over-year.
What to watch
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Revenue Decline from the Previous Year
Total revenue decreased to $36.96 million, down from $63 million in Q1 2025.
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Increased Merger-Related Expenses
Merger-related expenses reached $1.7 million, impacting profitability.
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Decrease in Total Loans Held-for-Investment
Loans decreased by $48.8 million or 1.3% from the previous quarter.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.