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Northfield Bancorp, Inc. operates as the bank holding company for Northfield Bank that provides a range of banking services primarily to individuals and corporate customers. It offers deposit accounts, including transaction, money market savings, certificates of deposit, passbook and statement savings deposit accounts. The company also provides commercial and industrial and owner-occupied commercial real estate loans; one-to-four family residential real estate loans; multifamily loans; construction and land loans; home equity loans and lines of credit; and small business loans. In addition, it purchases investment securities, including mortgage-backed securities and corporate bonds, and deposit funds in other financial institutions. Further, the company provides automated teller machines and debit cards; telephone, internet, and mobile banking services; and ACH and wire transfers, cash management, positive pay, and remote deposit capture services. It operates in Richmond and Kings counties in New York; and Hunterdon, Mercer, Union, and Middlesex counties in New Jersey. Northfield Bancorp, Inc. was founded in 1887 and is headquartered in Woodbridge, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $154M | - | $1M | $53M | 0.1% | 17.5% | -97.3% |
| 2024 | $131M | - | $30M | $30M | 4.2% | -3.8% | -20.5% |
| 2023 | $137M | - | $38M | $43M | 5.4% | -17.9% | -38.4% |
| 2022 | $166M | - | $61M | $81M | 8.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 166.29 | 136.56 | 131.31 | 154.32 |
| Pretax Income | 84.86 | 51.76 | 40.50 | 17.05 |
| Tax Provision | 23.74 | 14.09 | 10.56 | 16.25 |
| Net Income | 61.12 | 37.67 | 29.95 | 0.80 |
| Net Income Common Stockholders | 61.12 | 37.67 | 29.95 | 0.80 |
| Interest Expense | 21.38 | 84.13 | 123.42 | 111.73 |
| Interest Income | 178.51 | 205.68 | 234.20 | 245.97 |
| Selling General And Administration | 45.53 | 51 | 53.40 | 55.20 |
| Normalized Income | 61.12 | 37.67 | 27.43 | 33.20 |
| Basic EPS | 1.32 | 0.86 | 0.72 | 0.02 |
| Diluted EPS | 1.32 | 0.86 | 0.72 | 0.02 |
| Tax Effect Of Unusual Items | 0 | 0 | 0.89 | -8.61 |
| Tax Rate For Calcs | 0.28 | 0.27 | 0.26 | 0.21 |
| Total Unusual Items | 0 | 0 | 3.40 | -41.01 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 3.40 | -41.01 |
| Net Income From Continuing Operation Net Minority Interest | 61.12 | 37.67 | 29.95 | 0.80 |
| Reconciled Depreciation | 8.45 | 8.53 | 8.30 | 8.01 |
| Net Interest Income | 157.13 | 121.55 | 110.78 | 134.24 |
| Net Income From Continuing And Discontinued Operation | 61.12 | 37.67 | 29.95 | 0.80 |
| Diluted Average Shares | 46.44 | 43.64 | 41.63 | 40.17 |
| Basic Average Shares | 46.23 | 43.56 | 41.57 | 40.12 |
| Diluted NI Availto Com Stockholders | 61.12 | 37.67 | 29.95 | 0.80 |
| Net Income Including Noncontrolling Interests | 61.12 | 37.67 | 29.95 | 0.80 |
| Net Income Continuous Operations | 61.12 | 37.67 | 29.95 | 0.80 |
| Special Income Charges | 0 | 0 | 0 | -41.01 |
| Other Special Charges | 0 | 0 | -3.40 | 0 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 41.01 |
| Gain On Sale Of Security | -1.93 | -0.02 | -0.01 | 0 |
| Selling And Marketing Expense | 2.16 | 2.17 | 1.57 | 1.43 |
| General And Administrative Expense | 43.37 | 48.83 | 51.83 | 53.77 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 1.41 | 2.33 | 2.49 | 2.40 |
| Salaries And Wages | 41.96 | 46.50 | 49.34 | 51.37 |
| Operating Revenue | 166.29 | 136.56 | 131.31 | 154.32 |
| Occupancy And Equipment | 14.97 | 15.13 | 14.90 | 14.70 |
| Professional Expense And Contract Services Expense | 3.85 | 3.41 | 3.19 | 3.58 |
| Other Non Interest Expense | 13.66 | 14.47 | 14.75 | 15.61 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Northfield Bancorp, Inc.this co. | NFBK | $582M | 107.23↑ premium | 0.84 | 0.1% | - |
| Northpointe Bancshares, Inc. | NPB | $600M | 7.76 | 1.05 | 14.7% | - |
| California BanCorp | BCAL | $598M | 10.16 | 1.05 | 10.9% | - |
| Arrow Financial Corporation | AROW | $596M | 13.61 | 1.37 | 10.2% | - |
| Washington Trust Bancorp, Inc. | WASH |
| $591M |
| 11.32 |
| 1.09 |
| 9.6% |
| - |
| AMERISAFE, Inc. | AMSF | $577M | 12.04 | 2.26 | 18.7% | - |
| Bar Harbor Bankshares | BHB | $577M | 14.00 | 1.07 | 6.9% | - |
| American Coastal Insurance Corporation | ACIC | $573M | 5.51 | 1.80 | 33.6% | 3.29 |
| Peoples Financial Services Corp. | PFIS | $566M | 9.62 | 1.09 | 11.4% | - |
| Peer Median | - | 10.74 | 1.09 | 11.2% | 3.29 | |