---
title: "Northfield Bancorp 10-K: $249.1M Interest Income, $0.02 Diluted EPS"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277515564.md"
description: "Northfield Bancorp reported $249.1 million in interest income for the year, with net interest income of $137.4 million and a diluted EPS of $0.02. Net income was $0.796 million, affected by a $41.0 million goodwill impairment. The company shifted its portfolio towards higher-yielding mortgage-backed securities and increased provisioning due to a softer macro outlook. Non-interest income totaled $16.95 million, and operational investments included expanding headcount and digital banking enhancements."
datetime: "2026-03-02T20:35:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277515564.md)
  - [en](https://longbridge.com/en/news/277515564.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277515564.md)
---

# Northfield Bancorp 10-K: $249.1M Interest Income, $0.02 Diluted EPS

Northfield Bancorp reported interest income of $249.1 million for the year, with net interest income of $137.4 million (net interest margin 2.55%) and diluted net income per share of $0.02; net income was $0.796 million, burdened by a $41.0 million goodwill impairment charge. Total non-interest income was $16.95 million, and the company highlighted shifts in its securities and deposit mix as part of its funding and margin strategy. The results reflect portfolio reallocation into higher-yielding mortgage-backed securities and increased provisioning amid a softer macro outlook.

**Financial Highlights**

-   **Interest income**: $249.1 million
-   **Net interest income**: $137.4 million (net interest margin 2.55%)
-   **Net income**: $0.796 million (impacted by a $41.0 million goodwill impairment)
-   **Net income per common share - diluted**: $0.02 per share
-   **Non-interest income**: $16.95 million (includes $7.07 million bank-owned life insurance income and trading gains)

**Business Highlights**

-   **Revenue growth & margin expansion**: Net interest income rose by $22.9 million driven by higher yields and a 45 basis-point increase in net interest margin, reflecting asset repricing efforts.
-   **Securities & portfolio shift**: Management reallocated cash into higher-yielding mortgage-backed securities, increasing available-for-sale securities by $311.6 million and reducing multifamily loan concentration.
-   **Deposit & funding channel shift**: The company reduced reliance on brokered deposits, grew core transaction accounts, and used borrowings to manage liquidity and interest-rate positioning.
-   **Credit & loss management**: CECL reserves were increased in response to a weaker macro outlook; the company maintained low net charge-offs and proactively managed multifamily concentration risk.
-   **Operational investments & staffing**: Northfield Bancorp expanded headcount and incurred higher compensation, and invested in digital banking conversion and core system costs to support growth and service delivery.

Original SEC Filing: Northfield Bancorp, Inc. \[ NFBK \] - 10-K - Mar. 02, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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