Northfield Bancorp Swings to Profit in First Quarter

Claim 30% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks 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