--- title: "NorthField | 8-K: FY2026 Q1 Revenue: USD 66.32 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/283542552.md" datetime: "2026-04-21T17:54:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283542552.md) - [en](https://longbridge.com/en/news/283542552.md) - [zh-HK](https://longbridge.com/zh-HK/news/283542552.md) --- # NorthField | 8-K: FY2026 Q1 Revenue: USD 66.32 M Revenue: As of FY2026 Q1, the actual value is USD 66.32 M. EPS: As of FY2026 Q1, the actual value is USD 0.3, missing the estimate of USD 0.32. EBIT: As of FY2026 Q1, the actual value is USD -20.09 M. #### Dividend Declaration Northfield Bancorp, Inc. declared a cash dividend of $0.13 per common share, payable on May 20, 2026, to stockholders of record as of May 6, 2026 . #### Net Income - For the three months ended March 31, 2026: $11.8 million . - For the three months ended December 31, 2025: - $27.4 million . - For the three months ended March 31, 2025: $7.9 million . #### Net Interest Income - For the three months ended March 31, 2026: $37.0 million . - For the three months ended December 31, 2025: $36.7 million . - For the three months ended March 31, 2025: $31.8 million . - Increase from Q4 2025 to Q1 2026: $296,000, or 3.2% annualized . - Increase from Q1 2025 to Q1 2026: $5.2 million, or 16.3% . #### Net Interest Margin - For the three months ended March 31, 2026: 2.76% . - For the three months ended December 31, 2025: 2.70% . - For the three months ended March 31, 2025: 2.38% . - Increase from Q4 2025 to Q1 2026: 6 basis points . - Increase from Q1 2025 to Q1 2026: 38 basis points . #### Deposits (excluding brokered) - Increase from December 31, 2025: $83.3 million, or 8.4% annualized . - Total at March 31, 2026: $4.059 billion . - Total at December 31, 2025: $3.975 billion . #### Cost of Deposits (excluding brokered) - At March 31, 2026: 1.74% . - At December 31, 2025: 1.75% . #### Loan Balances - Decline from December 31, 2025: $48.8 million, or 5.1% annualized, primarily in multifamily loans . - Total Loans held-for-investment, net at March 31, 2026: $3.808 billion . - Total Loans held-for-investment, net at December 31, 2025: $3.857 billion . - Multifamily loans at March 31, 2026: $2.314 billion . - Multifamily loans at December 31, 2025: $2.361 billion . - Commercial and industrial loans at March 31, 2026: $173.0 million . - Commercial and industrial loans at December 31, 2025: $166.2 million . #### Asset Quality - Non-performing loans to total loans at March 31, 2026: 0.56% . - Non-performing loans to total loans at December 31, 2025: 0.42% . - Non-performing assets to total assets at March 31, 2026: 0.37% . - Non-performing assets to total assets at December 31, 2025: 0.28% . - Provision for credit losses on loans (Q1 2026): $247,000 . - Provision for credit losses on loans (Q4 2025): $1.7 million . - Provision for credit losses on loans (Q1 2025): $2.6 million . - Net charge-offs (Q1 2026): $1.4 million . - Net charge-offs (Q4 2025): $411,000 . - Net charge-offs (Q1 2025): $2.8 million . - Allowance for credit losses to non-performing loans (March 31, 2026): 172.93% . - Allowance for credit losses to total loans held-for-investment, net (March 31, 2026): 0.97% . - Small business unsecured commercial and industrial loan portfolio at March 31, 2026: $17.6 million . - Non-accrual loans at March 31, 2026: $21.0 million . - Non-accrual loans at December 31, 2025: $15.2 million . - Accruing loans 30 to 89 days delinquent at March 31, 2026: $7.8 million . - Accruing loans 30 to 89 days delinquent at December 31, 2025: $11.4 million . #### Non-Interest Income - For the three months ended March 31, 2026: $3.4 million . - For the three months ended December 31, 2025: $4.7 million . - For the three months ended March 31, 2025: $3.0 million . - Increase from Q1 2025 to Q1 2026: $390,000, or 12.9% . - Decrease from Q4 2025 to Q1 2026: $1.3 million . - Income on bank-owned life insurance (Q1 2026): $1.9 million . - Income on bank-owned life insurance (Q1 2025): $1.6 million . - Fees and service charges for customer services (Q1 2026): $1.7 million . #### Non-Interest Expense - For the three months ended March 31, 2026: $23.3 million . - For the three months ended December 31, 2025: $62.1 million . - For the three months ended March 31, 2025: $21.4 million . - Increase from Q1 2025 to Q1 2026: $1.8 million, or 8.5% . - Decrease from Q4 2025 to Q1 2026: $38.8 million, or 62.5% . - Merger-related expenses (Q1 2026): $1.7 million . - Goodwill impairment charge (Q4 2025): $41.0 million . - Employee compensation and benefits (Q1 2026): $12.7 million . - Employee compensation and benefits (Q1 2025): $11.8 million . #### Income Tax Expense - For the three months ended March 31, 2026: $5.0 million . - For the three months ended December 31, 2025: $5.0 million . - For the three months ended March 31, 2025: $2.9 million . - Effective tax rate (Q1 2026): 29.8% . - Effective tax rate (Q1 2025): 27.0% . #### Total Assets - At March 31, 2026: $5.735 billion . - At December 31, 2025: $5.754 billion . - Decrease from December 31, 2025: $18.8 million, or 0.3% . #### Cash and Cash Equivalents - At March 31, 2026: $239.6 million . - At December 31, 2025: $164.0 million . - Increase from December 31, 2025: $75.7 million, or 46.1% . #### Debt Securities Available-for-Sale - At March 31, 2026: $1.38 billion . - At December 31, 2025: $1.41 billion . - Decrease from December 31, 2025: $33.9 million, or 2.4% . - Unrealized losses, net of tax (March 31, 2026): Approximately $10.8 million . #### Federal Home Loan Bank of New York (FHLBNY) Stock - At March 31, 2026: $42.2 million . - At December 31, 2025: $46.6 million . - Decrease from December 31, 2025: $4.4 million, or 9.4% . #### Other Assets - At March 31, 2026: $28.1 million . - At December 31, 2025: $35.2 million . - Decrease from December 31, 2025: $7.1 million, or 20.2% . #### Total Liabilities - At March 31, 2026: $5.04 billion . - At December 31, 2025: $5.06 billion . - Decrease from December 31, 2025: $23.4 million, or 0.5% . #### Borrowed Funds - At March 31, 2026: $863.9 million . - At December 31, 2025: $961.9 million . - Decrease from December 31, 2025: $98.0 million . #### Total Stockholders’ Equity - At March 31, 2026: $694.7 million . - At December 31, 2025: $690.1 million . - Increase from December 31, 2025: $4.6 million . #### Community Bank Leverage Ratio (CBLR) - Company’s estimated CBLR at March 31, 2026: 12.34% . - Bank’s estimated CBLR at March 31, 2026: 13.05% . - Minimum well-capitalized requirement: 9% . #### Tangible Book Value Per Share - At March 31, 2026: $16.63 . - At December 31, 2025: $16.51 . #### Liquidity - On-hand liquidity ratio at March 31, 2026: 18.3% . - Primary sources of liquidity at March 31, 2026: Cash and cash equivalents ($228.0 million), Corporate bonds ($47.8 million), Multifamily loans ($1.124 billion), Mortgage-backed securities ($626.5 million) . #### Outlook / Guidance Northfield Bancorp, Inc. is progressing with its merger with Columbia Financial, Inc., focusing on regulatory and stockholder approvals and seamless integration . 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