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Northfield Bancorp Inc   (NFBK)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $8.1400 $-0.02 -0.245%
Day's High: $8.39 Week Perf: -3.95 %
Day's Low: $ 8.13 30 Day Perf: -12.19 %
Volume (M): 200 52 Wk High: $ 13.48
Volume (M$): $ 1,626 52 Wk Avg: $10.55
Open: $8.39 52 Wk Low: $8.12



 Market Capitalization (Millions $) 350
 Shares Outstanding (Millions) 43
 Employees 274
 Revenues (TTM) (Millions $) 144
 Net Income (TTM) (Millions $) 44
 Cash Flow (TTM) (Millions $) 10
 Capital Exp. (TTM) (Millions $) 2

Northfield Bancorp Inc

Northfield Bancorp, Inc., a Delaware corporation, was organized in June 2010 and is the single bank holding company for Northfield Bank. Northfield Bancorp, Inc. uses the support staff and offices of Northfield Bank and reimburses Northfield Bank for these services.
Northfield Bancorp, Inc. is subject to comprehensive regulation and examination by the Board of Governors of the Federal Reserve System.

Northfield Bancorp, Inc.’s main office is located at 581 Main Street, Suite 810, Woodbridge, New Jersey 07095, and its telephone number at this address is (732) 499-7200.

Northfield Bank was organized in 1887 and is a federally chartered savings bank. Northfield Bank conducts business primarily from its home office located in Staten Island, New York, its operations center located in Woodbridge, New Jersey, its 38 additional branch offices (including nine branches acquired as part of the Hopewell Valley acquisition) located in New York and New Jersey, and a non-branch office located in Brooklyn, New York. The branch offices are located in Staten Island, Brooklyn, and the New Jersey counties of Hunterdon, Mercer, Middlesex, and Union.

Northfield Bank’s principal business consists of originating multifamily and other commercial real estate loans, purchasing investment securities, including mortgage-backed securities and corporate bonds, and to a lesser extent depositing funds in other financial institutions. Northfield Bank also offers construction and land loans, commercial and industrial loans, one-to-four family residential mortgage loans, and home equity loans and lines of credit, as well as acquires pools of loans from time to time. Northfield Bank offers a variety of deposit accounts, including certificates of deposit, passbook, statement, and money market savings accounts, transaction deposit accounts (negotiable orders of withdrawal (NOW) accounts and non-interest bearing demand accounts), individual retirement accounts, and to a lesser extent when it is deemed cost effective, brokered deposits. Deposits are Northfield Bank’s primary source of funds for its lending and investing activities. Northfield Bank also borrows funds, principally repurchase agreements with brokers and Federal Home Loan Bank (FHLB) of New York advances. Northfield Bank owns 100% of NSB Services Corp., which, in turn, owns 100% of the voting common stock of a real estate investment trust, NSB Realty Trust, that holds primarily mortgage loans and other real estate related investments. In addition, Northfield Bank refers its customers to independent third parties that provide non-deposit investment products and one-to-four family residential mortgage products.

Northfield Bank is subject to comprehensive regulation and examination by the Office of the Comptroller of the Currency (OCC).

Our principal lending activity is the origination of multifamily real estate loans and, to a lesser extent, other commercial real estate loans (typically on office, retail, and industrial properties), in New York City, New Jersey, and Eastern Pennsylvania. We also originate one-to-four family residential real estate loans (investment properties), construction and land loans, commercial and industrial loans, and home equity loans and lines of credit.

We conduct securities portfolio transactions in accordance with our board-approved investment policy, which is reviewed at least annually by the risk committee of the board of directors. Any changes to the policy are subject to ratification by the full board of directors. This policy dictates that investment decisions give consideration to the safety of the investment, liquidity requirements, potential returns, the ability to provide collateral for pledging requirements, and consistency with our interest rate risk management strategy. Our Chief Investment Officer executes our securities portfolio transactions, within policy requirements, with the approval of either the Chief Executive Officer or the President. NSB Services Corp.’s and NSB Realty Trust’s investment officers execute security portfolio transactions in accordance with investment policies that substantially mirror Northfield Bank’s investment policy. All purchase and sale transactions are reviewed by the risk committee at least quarterly.

Our current investment policy permits investments in mortgage-backed securities, including pass-through securities and real estate mortgage investment conduits (REMICs). The investment policy also permits, with certain limitations, investments in debt securities issued by the U.S. Government, agencies of the U.S. Government or U.S. Government-sponsored enterprises (GSEs), asset-backed securities, municipal bonds, money market mutual funds, federal funds, investment grade corporate bonds, reverse repurchase agreements, and certificates of deposit.

Northfield Bank’s investment policy does not permit investment in preferred and common stock of other entities including GSEs, other than our required investment in the common stock of the FHLB of New York or as permitted for community reinvestment purposes or for the purposes of funding the Bank’s deferred compensation plan. Northfield Bancorp, Inc. may invest in equity securities of other financial institutions up to certain limitations. As of December 31, 2015, we held no asset-backed securities other than mortgage-backed securities. Our board of directors may change these limitations in the future.



   Company Address: 581 Main Street, Woodbridge, 7095 NJ
   Company Phone Number: 499-7200   Stock Exchange / Ticker: NASDAQ NFBK
   


Customers Net Income fell by NFBK's Customers Net Profit Margin fell to

-6.39 %

16.88 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BCBP   -6.05%    
BRKL   -0.99%    
CARV        16.3% 
FSFG   -2.15%    
LSBK   -3.3%    
WSBF   -1.62%    
• View Complete Report
   



Northfield Bancorp Inc

Northfield Bancorp Inc Delivers Astonishing -23.967% Revenue Decline in Q3 2023, Sending Shockwaves through the S&Ls Savings Banks Industry

The stock market is often unpredictable, with its ups and downs causing anxiety for investors. However, it is crucial to analyze the fundamentals of a company before making any investment decisions. In this context, let's delve into the recent performance of Northfield Bancorp Inc and explore the potential market prospects.
For the fiscal span closing September 30, 2023, Northfield Bancorp Inc witnessed a decline in earnings per share by -48.65%, amounting to $0.19 per share. While this decline may seem concerning at first glance, it is important to note that it was compared to the previous fiscal year. In the same vein, profits fell by -13.64% from the preceding reporting season, totaling $0.22 per share. Although this decline signals a less profitable period, it is important to consider the overall trend and economic dynamics at play.

Northfield Bancorp Inc

Northfield Bancorp Inc Faces Steep Decline in Q2 2023 Earnings: EPS Plummeted by 35.29% and Revenue Fell by 16.594%



Northfield Bancorp Inc, a prominent player in the S&Ls Savings Banks industry, recently reported a disappointing financial performance for the three months ending June 30, 2023. The company experienced a decline in both top and bottom-line figures, with a considerable drop in earnings per share (EPS) and revenue on a year-on-year basis.
The earnings per share plummeted by 35.29%, going from $0.34 to $0.22 in the second quarter of 2023, compared to the same period last year. Similarly, the revenue for the quarter fell by a significant 16.594% to $33.95 million from $40.70 million in the previous year.

Northfield Bancorp Inc

Northfield Bancorp Inc's Q1 2023 Report Shows Disappointing Performance, with Decline in ROI, Net Income and Revenue

Northfield Bancorp Inc has achieved a return on average invested assets (ROI) of 1.3% in the first quarter of 2023, which is below its average return on investment. This decline in ROI is attributed to the decrease in net income, which affected the company's earnings per share (-13.33%) and revenue (-2.135%). The company's net profits of $11.707 million are down by -17.13% from the corresponding period last year.
Within the Financial sector, 408 other companies had a higher return on investment. However, despite this setback, Northfield Bancorp Inc's return on investment overall ranking has progressed from 2437 in the fourth quarter of 2022 to 1625 in the first quarter of 2023.






 

Northfield Bancorp Inc's Segments
 
 
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