Q1 Net Interest Margin Rises to 2.76%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 23 hours ago
0mins
Should l Buy NFBK?
Reports Q1 net interest margin up 38 basis points to 2.76% from 2.38% last year. Q1 NII was $37M vs. $36.7M last quarter. Tangible book value per share was $16.63 from $16.51 last quarter. CEO Steven Klein noted, "We are pleased to report strong financial results for the quarter, with net margin expansion, deposit growth, reduced costs of deposits, and ongoing expense discipline." Mr. Klein continued, "Planning for our merger with Columbia Bank is progressing well, with our teams focused on regulatory and stockholder approvals, and the seamless integration of our two organizations."
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Analyst Views on NFBK
Wall Street analysts forecast NFBK stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 13.850
Low
12.00
Averages
12.00
High
12.00
Current: 13.850
Low
12.00
Averages
12.00
High
12.00
About NFBK
Northfield Bancorp, Inc. is the holding company for Northfield Bank (the Bank). The Bank conducts business from its operations center located in Woodbridge, New Jersey, its home office located at a branch in Staten Island, New York, and its 36 additional branch offices located in Staten Island, Brooklyn, and the New Jersey counties of Hunterdon, Mercer, Middlesex, and Union. The Bank’s principal business consists of originating multifamily and commercial real estate loans, construction and land loans, commercial and industrial loans, and home equity loans and lines of credit. The Bank offers a variety of deposit accounts, including certificates of deposit, passbook, statement, money market savings and transaction deposit accounts, which are Northfield Bank’s primary source of funds for its lending and investing activities. The Bank also borrows funds, principally through Federal Home Loan Bank (FHLB) of New York (FHLBNY) advances and repurchase agreements with brokers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NORTHFIELD BANCORP, INC. REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS
- Company Announcement: Northfield Bancorp, Inc. has released its financial results for the first quarter of 2026.
- Financial Performance: The report includes key metrics and insights into the bank's performance during this period.
See More
Northfield Bancorp Q1 Earnings Miss Expectations
- Earnings Miss: Northfield Bancorp reported Q1 GAAP EPS of $0.30, missing expectations by $0.02, indicating pressure on profitability that could undermine investor confidence.
- Revenue Growth Lags: The company posted revenues of $40.38 million, a 16.0% year-over-year increase, yet fell short of expectations by $0.22 million, suggesting that despite growth, it failed to meet market forecasts, potentially affecting future investment decisions.
- M&A Opportunity: Columbia Financial plans to acquire Northfield Bancorp for approximately $597 million, which will provide Columbia with an opportunity to expand its market share and could reshape the industry landscape.
- Cautious Market Reaction: Given the earnings miss and the implications of the acquisition news, the market remains cautious about Northfield Bancorp's future performance, which may lead to increased stock price volatility.
See More
Northfield Bancorp Q1 Earnings Miss Expectations
- Earnings Performance: Northfield Bancorp reported Q1 GAAP EPS of $0.30, missing expectations by $0.02, indicating pressure on the company's profitability which may affect investor confidence.
- Revenue Growth: The company achieved revenue of $40.38 million, reflecting a 16.0% year-over-year increase; however, it still fell short of market expectations, highlighting challenges from increased market competition.
- Market Reaction Outlook: Given that both earnings and revenue missed expectations, the company's stock price is likely to face negative pressure, prompting investors to monitor future financial performance to assess long-term investment value.
- Future Prospects: Northfield Bancorp must implement strategies to enhance profitability and revenue performance to restore market confidence and drive shareholder value.
See More
Northfield Bancorp Reports Q1 Earnings Growth
- Earnings Growth: Northfield Bancorp reported a net income of $11.84 million for Q1, translating to an EPS of $0.30, which marks a significant increase from last year's $7.87 million and $0.19 per share, indicating robust profitability improvements and solid market performance.
- Revenue Increase: The company's revenue rose by 4.7% to $62.90 million compared to $60.09 million last year, demonstrating ongoing growth potential in revenue generation and enhancing its competitive position in the market.
- Financial Health: The dual growth in earnings and revenue compared to last year not only boosts investor confidence but also potentially provides funding for future expansions and investments, thereby facilitating the implementation of the company's long-term growth strategy.
- Market Performance: This improved financial performance may attract more investor attention to Northfield Bancorp, further enhancing its market position in the financial services industry and promoting a positive trend in its stock price.
See More
Northfield Bancorp Reports Significant Net Income Growth in Q1
- Net Income Recovery: Northfield Bancorp reported a net income of $11.8 million for Q1 2026, translating to a diluted earnings per share of $0.30, a significant rebound from a net loss of $27.4 million in Q4 2025, primarily due to the absence of prior goodwill impairment charges.
- Interest Income Growth: The bank's net interest income reached $37.0 million this quarter, marking a $5.2 million increase from Q1 2025, reflecting a 16.3% annualized growth driven by higher yields on loans and securities, thereby enhancing profitability and competitive positioning.
- Deposit Increase: As of March 31, 2026, Northfield's deposits, excluding brokered deposits, rose by $83.3 million, or 2.1% annualized, demonstrating the effectiveness of the bank's strategy to grow low-cost deposits, which strengthens its funding base.
- Cash Dividend Declaration: The company declared a quarterly cash dividend of $0.13 per share, payable on May 20, 2026, to shareholders of record as of May 6, 2026, reflecting a commitment to shareholder returns and indicating a robust financial position.
See More
WhiteHorse Finance and Northfield Bancorp Executives Increase Stock Holdings
- Executive Purchase: WhiteHorse Finance Director John Bolduc bought 25,170 shares of WHF at $7.13 each for a total of $179,588, currently up about 3.2%, indicating confidence in the company's future performance.
- Investment History: Over the past year, Bolduc has made four purchases of WHF shares totaling $676,517 at an average cost of $7.48 per share, demonstrating a sustained belief in the company's long-term value.
- Northfield Bancorp Purchase: Director Paul Stahlin purchased 10,000 shares of Northfield Bancorp at $13.19 each, totaling $131,900, marking his first transaction in the past 12 months, reflecting confidence in the company's prospects.
- Market Performance: As of Thursday, WhiteHorse Finance's stock is trading flat, while Northfield Bancorp's stock is up about 1.1%, indicating differing market reactions that may influence future investor decisions.
See More
NORTHFIELD BANCORP, INC. REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS
- Company Announcement: Northfield Bancorp, Inc. has released its financial results for the first quarter of 2026.
- Financial Performance: The report includes key metrics and insights into the bank's performance during this period.
See More
Northfield Bancorp Q1 Earnings Miss Expectations
- Earnings Miss: Northfield Bancorp reported Q1 GAAP EPS of $0.30, missing expectations by $0.02, indicating pressure on profitability that could undermine investor confidence.
- Revenue Growth Lags: The company posted revenues of $40.38 million, a 16.0% year-over-year increase, yet fell short of expectations by $0.22 million, suggesting that despite growth, it failed to meet market forecasts, potentially affecting future investment decisions.
- M&A Opportunity: Columbia Financial plans to acquire Northfield Bancorp for approximately $597 million, which will provide Columbia with an opportunity to expand its market share and could reshape the industry landscape.
- Cautious Market Reaction: Given the earnings miss and the implications of the acquisition news, the market remains cautious about Northfield Bancorp's future performance, which may lead to increased stock price volatility.
See More
Northfield Bancorp Q1 Earnings Miss Expectations
- Earnings Performance: Northfield Bancorp reported Q1 GAAP EPS of $0.30, missing expectations by $0.02, indicating pressure on the company's profitability which may affect investor confidence.
- Revenue Growth: The company achieved revenue of $40.38 million, reflecting a 16.0% year-over-year increase; however, it still fell short of market expectations, highlighting challenges from increased market competition.
- Market Reaction Outlook: Given that both earnings and revenue missed expectations, the company's stock price is likely to face negative pressure, prompting investors to monitor future financial performance to assess long-term investment value.
- Future Prospects: Northfield Bancorp must implement strategies to enhance profitability and revenue performance to restore market confidence and drive shareholder value.
See More
Northfield Bancorp Reports Q1 Earnings Growth
- Earnings Growth: Northfield Bancorp reported a net income of $11.84 million for Q1, translating to an EPS of $0.30, which marks a significant increase from last year's $7.87 million and $0.19 per share, indicating robust profitability improvements and solid market performance.
- Revenue Increase: The company's revenue rose by 4.7% to $62.90 million compared to $60.09 million last year, demonstrating ongoing growth potential in revenue generation and enhancing its competitive position in the market.
- Financial Health: The dual growth in earnings and revenue compared to last year not only boosts investor confidence but also potentially provides funding for future expansions and investments, thereby facilitating the implementation of the company's long-term growth strategy.
- Market Performance: This improved financial performance may attract more investor attention to Northfield Bancorp, further enhancing its market position in the financial services industry and promoting a positive trend in its stock price.
See More
Northfield Bancorp Reports Significant Net Income Growth in Q1
- Net Income Recovery: Northfield Bancorp reported a net income of $11.8 million for Q1 2026, translating to a diluted earnings per share of $0.30, a significant rebound from a net loss of $27.4 million in Q4 2025, primarily due to the absence of prior goodwill impairment charges.
- Interest Income Growth: The bank's net interest income reached $37.0 million this quarter, marking a $5.2 million increase from Q1 2025, reflecting a 16.3% annualized growth driven by higher yields on loans and securities, thereby enhancing profitability and competitive positioning.
- Deposit Increase: As of March 31, 2026, Northfield's deposits, excluding brokered deposits, rose by $83.3 million, or 2.1% annualized, demonstrating the effectiveness of the bank's strategy to grow low-cost deposits, which strengthens its funding base.
- Cash Dividend Declaration: The company declared a quarterly cash dividend of $0.13 per share, payable on May 20, 2026, to shareholders of record as of May 6, 2026, reflecting a commitment to shareholder returns and indicating a robust financial position.
See More
WhiteHorse Finance and Northfield Bancorp Executives Increase Stock Holdings
- Executive Purchase: WhiteHorse Finance Director John Bolduc bought 25,170 shares of WHF at $7.13 each for a total of $179,588, currently up about 3.2%, indicating confidence in the company's future performance.
- Investment History: Over the past year, Bolduc has made four purchases of WHF shares totaling $676,517 at an average cost of $7.48 per share, demonstrating a sustained belief in the company's long-term value.
- Northfield Bancorp Purchase: Director Paul Stahlin purchased 10,000 shares of Northfield Bancorp at $13.19 each, totaling $131,900, marking his first transaction in the past 12 months, reflecting confidence in the company's prospects.
- Market Performance: As of Thursday, WhiteHorse Finance's stock is trading flat, while Northfield Bancorp's stock is up about 1.1%, indicating differing market reactions that may influence future investor decisions.
See More
