---
title: "Northfield Bancorp Swings to Profit in First Quarter"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283544455.md"
description: "Northfield Bancorp reported a profit of $11.8 million in Q1 2026, reversing a loss of $27.4 million in the previous quarter. This improvement was driven by the absence of a $41 million goodwill impairment, increased net interest income of $37 million, and a lower provision for credit losses. The bank's net interest margin rose to 2.76%, while non-performing loans remained low at 0.56%. A quarterly cash dividend of $0.13 per share was declared, and the stock has a Hold rating with a $14.50 price target."
datetime: "2026-04-21T18:17:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283544455.md)
  - [en](https://longbridge.com/en/news/283544455.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283544455.md)
---

# Northfield Bancorp Swings to Profit in First Quarter

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Northfield Bancorp ( (NFBK) ) just unveiled an update.

Northfield Bancorp reported a sharp turnaround in its first-quarter 2026 results, released on April 20, 2026, posting net income of $11.8 million, or $0.30 per diluted share, versus a net loss of $27.4 million in the prior quarter and $7.9 million in the first quarter of 2025. The rebound reflected the absence of last quarter’s $41 million goodwill impairment, stronger net interest income driven by wider margins and lower funding costs, and a lower provision for credit losses, partially offset by higher merger-related and compensation expenses.

Net interest income rose to $37.0 million and net interest margin improved to 2.76% as yields on loans and mortgage-backed securities increased and the cost of interest-bearing liabilities fell, aided by a shift toward lower-cost deposits. Core deposits excluding brokered balances expanded by $83.3 million while loan balances, mainly in multifamily credits, declined by $48.8 million, asset quality remained solid with non-performing loans at 0.56% of total loans, and the board declared a quarterly cash dividend of $0.13 per common share payable on May 20, 2026, as the company advanced planning for its pending merger with Columbia Financial.

The most recent analyst rating on (NFBK) stock is a Hold with a $14.50 price target. To see the full list of analyst forecasts on Northfield Bancorp stock, see the NFBK Stock Forecast page.

**Spark’s Take on NFBK Stock**

According to Spark, TipRanks’ AI Analyst, NFBK is a Neutral.

The score is held down primarily by sharply weaker 2025 profitability and higher leverage, plus an extremely high P/E that reflects depressed earnings. Partly offsetting these are improved operating cash flow, a moderate upward technical trend (price above key longer-term averages), and corporate events that include a potentially favorable acquisition backdrop alongside impairment-driven volatility.

To see Spark’s full report on NFBK stock, click here.

**More about Northfield Bancorp**

Northfield Bancorp, Inc., the holding company for Northfield Bank, operates as a community-focused banking institution based in Woodbridge, N.J., and is listed on Nasdaq under the ticker NFBK. The bank provides a range of deposit products, loans – including multifamily and commercial real estate lending – and related financial services, with a funding mix that emphasizes low-cost core deposits over higher-cost certificates and borrowings.

**Average Trading Volume:** 354,365

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $586.4M

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- [Northfield Bancorp (NFBK) Net Interest Margin Rise Tests Bullish Earnings Narratives](https://longbridge.com/en/news/286204684.md)
- [Northfield Bancorp, Inc. Announces First Quarter 2026 Results | NFBK Stock News](https://longbridge.com/en/news/283402777.md)
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