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NFBK

Northfield Bancorp, Inc.

NFBK

Northfield Bancorp, Inc. • NASDAQ
$10.75 ▼ -1.29% (-0.14)
Market Cap $449.41 M
52w High $13.68
52w Low $9.40
Dividend Yield 0.52%
P/E 11.08
Volume 66.60K
Outstanding Shares 41.81M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $67.672M ▲ $23.266M ▲ $10.751M ▲ 15.887% ▲ $0.27 ▲ $16.796M ▲
Q2-2025 $66.951M ▲ $23.023M ▲ $9.571M ▲ 14.296% ▲ $0.24 ▲ $15.875M ▲
Q1-2025 $63.114M ▼ $21.332M ▲ $7.876M ▼ 12.479% ▼ $0.19 ▼ $12.799M ▼
Q4-2024 $63.324M ▲ $17.475M ▼ $11.251M ▲ 17.767% ▲ $0.28 ▲ $15.961M ▲
Q3-2024 $62.896M $20.227M $6.523M 10.371% $0.16 $10.939M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.343B ▼ $5.726B ▲ $5.006B ▲ $719.599M ▲
Q2-2025 $1.399B ▲ $5.679B ▼ $4.969B ▼ $710.274M ▼
Q1-2025 $1.348B ▲ $5.71B ▲ $4.999B ▲ $711.149M ▲
Q4-2024 $1.269B ▼ $5.666B ▼ $4.962B ▼ $704.696M ▲
Q3-2024 $1.296B $5.731B $5.031B $699.564M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $10.751M ▲ $13.921M ▼ $-8.203M ▼ $28.37M ▲ $34.088M ▲ $13.594M ▼
Q2-2025 $9.571M ▲ $14.124M ▲ $24.138M ▲ $-42.287M ▼ $-4.025M ▲ $13.904M ▲
Q1-2025 $7.876M ▼ $9.426M ▲ $-106.346M ▼ $30.838M ▲ $-66.082M ▼ $9.168M ▲
Q4-2024 $11.251M ▲ $5.996M ▼ $-5.817M ▼ $-65.361M ▼ $-65.182M ▼ $5.754M ▼
Q3-2024 $6.523M $13.961M $102.94M $-37.464M $79.437M $13.741M

Revenue by Products

Product Q4-2022Q1-2025Q2-2025Q3-2025
Reportable Segment
Reportable Segment
 $0 ▲$60.00M ▲$70.00M ▲$70.00M ▲
Bank Servicing
Bank Servicing
 $0 ▲$0 ▲$0 ▲$0 ▲
Debit Card
Debit Card
 $0 ▲$0 ▲$0 ▲$0 ▲
Investment Advice
Investment Advice
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Earnings have been consistently positive, but profit quality has slipped from earlier strength. Revenue has crept higher over the last five years, yet the portion that turns into profit has narrowed. Margins were healthiest around 2021, then gradually weakened, likely reflecting higher funding costs and competitive pressure on loan yields. Net income and earnings per share have stepped down from their peak, though the bank remains clearly profitable. Overall, this looks like a mature community bank facing a more challenging interest‑rate and competitive environment than a few years ago.

Balance Sheet

Balance Sheet The balance sheet looks steady rather than fast‑growing. Total assets have been broadly flat over several years, suggesting a stable but not aggressively expanding franchise. Equity levels have held fairly constant, which points to a capital base that has not been stretched, but also not significantly built up. Borrowings are higher than a few years ago, implying greater reliance on wholesale funding or other debt sources, which can add some interest‑rate and refinancing risk. Cash balances have moved around but do not indicate any obvious liquidity stress. In short, the bank appears stable, with modest leverage that needs to be monitored but not alarming based on this snapshot.

Cash Flow

Cash Flow Cash generation from the core business has been positive each year and comfortably covered the bank’s modest investment needs. Operating cash flow peaked a few years ago and has softened since, mirroring the earnings trend. Because capital spending is very light for a bank, free cash flow largely tracks operating cash flow and has stayed in positive territory throughout the period. This pattern suggests a business that reliably produces cash, though with limited growth momentum and some pressure on the surplus compared with its best recent years.

Competitive Edge

Competitive Edge Northfield is a classic community bank with deep roots in specific local markets in New Jersey and New York. Its edge comes less from size or technology and more from long‑standing relationships, a reputation for conservatism, and a high‑touch service model. This relationship focus can foster loyal deposit and lending customers, particularly small businesses and households that value personal attention. However, its relatively small scale and regional concentration mean it competes against much larger banks and digital‑first players that may have broader product sets or sharper pricing. The moat is therefore meaningful at the local relationship level but not especially strong in terms of national scale or unique products.

Innovation and R&D

Innovation and R&D The bank is in “catch‑up and modernize” mode rather than trying to lead in fintech. Recent efforts include upgrading its digital banking platform, partnering with a specialist firm to streamline commercial loan processes, and rolling out internal workflow tools to improve efficiency. These moves should enhance customer experience and operating discipline, but they mostly bring Northfield in line with industry norms rather than setting it apart. On the product side, offerings like low‑cost access accounts and targeted business cash‑management services fit the community‑bank mission. Overall, innovation is practical and incremental, focused on making existing banking relationships stickier and operations leaner, not on disruptive new lines of business.

Summary

Northfield Bancorp presents as a stable, relationship‑driven community bank with solid but not spectacular financial trends. Profits are positive but off their highs, and margins have tightened in a tougher rate and competitive environment. The balance sheet appears steady, with consistent capital and somewhat higher reliance on debt that warrants attention but does not signal immediate strain. Cash flows are reliably positive, reflecting a mature, cash‑generative banking franchise. Competitively, Northfield leans on local trust, conservative risk management, and community engagement rather than scale or cutting‑edge technology. Its ongoing digital upgrades and process improvements are sensible steps to stay relevant, yet they are evolutionary rather than transformative. Future performance will likely hinge on how well it manages interest‑rate swings, credit quality, and competition while using technology to deepen, not dilute, its community‑bank identity.

NEWS

October 22, 2025 · 7:04 PM UTC

Northfield Bancorp, Inc. Announces Third Quarter 2025 Results

Read more