Northfield Bancorp (NFBK) AI Stock Analysis

• Market Cap: $552.12M
• Dividend Yield: 4.38%
• Average Volume (3M): 200.80K
• Price to Earnings (P/E): 576.0
• Beta (1Y): 0.99
• Revenue Growth: 6.08%
• EPS Growth: 52.64%
• Country: US
• Employees: 357
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): -0.69
• Shares Outstanding: 41,763,996
• 10 Day Avg. Volume: 206,785
• 30 Day Avg. Volume: 200,802
• PEG Ratio: -5.92
• Price to Book (P/B): 0.66
• Price to Sales (P/S): 2.49
• P/FCF Ratio: 8.79
• Enterprise Value/Market Cap: 2.79
• Enterprise Value/Revenue: 8.36
• Enterprise Value/Gross Profit: 23.69
• Enterprise Value/Ebitda: 61.66
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.2
• Revenue Forecast (FY): $161.92M

• Rating: 49 Neutral
• Price Target: $13.50 ▲(11.11% Upside)
• Action: Reiterated Date: 03/03/26
• Date: Action: Reiterated 03/03/26

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.

Positive Factors

Resilient cash generation

Sustained improvement in operating cash flow and strong free cash flow growth indicate the franchise converts earnings to cash reliably. That cash capacity supports dividends, funding of operations, potential de-leveraging or integration costs from strategic transactions over the next several quarters.

Improving net interest income and margin

A rising NIM and meaningful NII growth reflect stronger core lending spreads and lower funding costs, which are durable drivers of bank profitability if maintained. This structural improvement supports sustainable earnings generation even as other income pressures persist.

Strategic acquisition increases scale

Planned merger into a larger regional bank materially increases scale, branch footprint and product distribution. Scale benefits can lower funding costs, broaden commercial relationships, and accelerate earnings accretion and diversification over the medium term.

Negative Factors

Sharp revenue and margin deterioration

A large, persistent decline in revenue and collapse of net margin signal weakened core profitability and pressure on the bank's business model. If underlying revenue trends persist, capacity to rebuild capital, fund growth or sustain dividends will be constrained over multiple quarters.

Rising leverage reduces flexibility

Higher leverage erodes the cushion to absorb future losses and limits strategic optionality. Elevated debt-to-equity increases sensitivity to funding stress and constrains the bank's ability to invest, pursue organic growth, or absorb integration costs without straining capital ratios.

Goodwill writedown and shrinking loan book

A large goodwill impairment removes an intangible capital buffer and reflects portfolio or valuation issues; coupled with deliberate multifamily loan reductions and reserve builds, this indicates constrained asset growth and increased provisioning pressure, weakening durable earnings capacity.

Northfield Bancorp Business Overview & Revenue Model

Company Description

Northfield Bancorp, Inc. (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking services primarily to individuals and corporate customers. It accepts various deposits products, including certificates of deposit, passbook, statement, and money market savings accounts; transaction deposit accounts comprising negotiable orders of withdrawal accounts, and interest and non-interest-bearing checking accounts; individual retirement accounts; and brokered deposits. The company also offers various loans comprising multifamily and other commercial real estate loans, construction and land loans, commercial and industrial loans, one-to-four family residential real estate loans, and home equity loans and lines of credit. In addition, it purchases various investment securities, such as mortgage-backed securities and corporate bonds; and deposits funds in other financial institutions, as well as holds mortgage loans, mortgage-backed securities, and other investments. As of December 31, 2021, the company operated 38 full-service banking offices in Staten Island and Brooklyn, New York; and Hunterdon, Middlesex, Mercer, and Union counties, New Jersey. Northfield Bancorp, Inc. (Staten Island, NY) was founded in 1887 and is headquartered in Woodbridge, New Jersey.

How the Company Makes Money

Northfield Bancorp generates revenue through several key streams. The primary source of income is the interest earned from loans provided to customers, which includes residential mortgages, commercial real estate loans, and consumer loans. The bank also earns interest on its investment securities. Additionally, Northfield Bancorp collects fees for various banking services, such as account maintenance, ATM services, and transaction fees. The company may engage in partnerships with other financial institutions or service providers to enhance its product offerings and expand its market reach, contributing positively to its overall earnings. Other factors influencing revenue include the management of interest rates and the bank's lending practices, which can affect net interest margins.

Northfield Bancorp Financial Statement Overview

Summary

Financials are under pressure: 2025 revenue fell ~29% YoY and net margin dropped to ~0.4% (from ~11.9% in 2024). Balance-sheet leverage increased (debt-to-equity ~1.48 in 2025 vs ~1.08 in 2024), and ROE collapsed (~0.1%). Offsetting this, operating cash flow improved in 2025 and free cash flow grew (~26.6%), though cash-flow-to-debt coverage remains low.

Income Statement

Results have weakened materially in 2025: revenue fell ~29% year over year and profitability compressed sharply, with net profit margin dropping to ~0.4% from ~11.9% in 2024. While operating profitability metrics remain positive in 2025, the earnings profile has deteriorated versus 2021–2024, when margins and net income were meaningfully stronger. Overall, the trend is negative near-term, offsetting a stronger multi-year history.

Balance Sheet

Leverage has moved higher, with debt-to-equity rising to ~1.48 in 2025 from ~1.08 in 2024 and ~0.62 in 2021, reducing balance-sheet flexibility. Equity levels are fairly stable year to year, but returns to shareholders have collapsed alongside earnings (return on equity ~0.1% in 2025 vs ~4.2% in 2024 and ~9.5% in 2021). The balance sheet is not showing acute stress in the provided data, but the direction of leverage and sharply lower profitability are key watch items.

Cash Flow

Cash generation looks comparatively resilient: operating cash flow increased in 2025 (to ~$53.7M from ~$31.1M in 2024) and free cash flow growth was strong (~26.6%). Free cash flow is also closely tracking reported earnings in the dataset (near 1.0x across years), which suggests earnings are not being heavily undermined by cash conversion. The main weakness is that cash flow coverage of debt remains low in absolute terms (low single-digit percentage range), which limits deleveraging capacity if profitability stays weak.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	184.25M	251.33M	220.69M	187.67M	186.75M
Gross Profit	65.12M	123.34M	135.76M	162.87M	175.98M
EBITDA	25.02M	48.80M	60.29M	93.30M	105.61M
Net Income	796.00K	29.95M	37.67M	61.12M	70.65M
Balance Sheet
Total Assets	5.75B	5.67B	5.60B	5.60B	5.43B
Cash, Cash Equivalents and Short-Term Investments	1.42B	1.27B	1.02B	997.97M	1.30B
Total Debt	991.52M	760.05M	861.20M	684.64M	461.61M
Total Liabilities	5.06B	4.96B	4.90B	4.90B	4.69B
Stockholders Equity	690.06M	704.70M	699.45M	701.39M	739.88M
Cash Flow
Free Cash Flow	52.19M	29.95M	43.37M	80.78M	63.12M
Operating Cash Flow	53.70M	31.11M	46.97M	83.33M	64.76M
Investing Cash Flow	-128.35M	-118.49M	193.87M	-280.21M	85.00M
Financing Cash Flow	70.86M	25.62M	-57.13M	151.61M	-146.23M

Northfield Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NFBK, the sentiment is Positive. The current price of 12.15 is below the 20-day moving average (MA) of 13.27, below the 50-day MA of 12.87, and above the 200-day MA of 11.54, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 51.91 is Neutral, neither overbought nor oversold. The STOCH value of 56.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NFBK.

Northfield Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BSVN	74 Outperform	$364.50M	8.99	19.46%	2.40%	-6.72%	19.64%
TCBX	71 Outperform	$610.96M	7.91	13.12%	―	9.12%	45.83%
NPB	71 Outperform	$564.61M	2.92	21.01%	0.42%	18.10%	33.47%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CCNE	64 Neutral	$813.49M	9.76	8.88%	2.68%	11.13%	-15.28%
BHB	62 Neutral	$524.53M	14.04	7.42%	3.92%	4.26%	-16.52%
NFBK	49 Neutral	$552.12M	576.05	0.11%	4.38%	6.08%	52.64%

Northfield Bancorp Corporate Events

Northfield Bancorp approves 2026 incentive and equity awards

On February 4, 2026, Northfield Bancorp, Inc.’s Compensation Committee and Board of Directors approved grants totaling 172,272 restricted stock units to directors and employees under the company’s 2019 Equity Incentive Plan, with employee awards vesting in equal installments over three years beginning one year from the grant date, and director awards vesting in full on or after February 4, 2027. On the same date, the Board also approved the company’s 2026 Management Cash Incentive Plan, signaling a continued emphasis on performance-based compensation and long-term alignment of management and board interests with shareholders.

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.

Northfield Bancorp Reports Q4 Loss, Declares Cash Dividend

On February 2, 2026, Northfield Bancorp, Inc. reported a net loss of $27.4 million, or $0.69 per share, for the fourth quarter of 2025 and net income of $796,000, or $0.02 per diluted share, for the full year 2025, sharply lower than 2024 earnings due primarily to a non-cash, non-tax deductible goodwill impairment charge of $41.0 million that eliminated all remaining goodwill. Despite the impairment, the bank’s core performance indicators improved, with net interest margin rising to 2.70% in the fourth quarter and 2.55% for the year, net interest income up 20% year-on-year, deposit costs declining, and asset quality remaining solid, while loan balances fell on a sizable reduction in multifamily exposure as part of a strategic pivot toward non-multifamily portfolios and low-cost deposits. The company also disclosed that it has agreed to merge with Columbia Financial Inc. and that its board declared a $0.13 per share cash dividend payable on February 25, 2026 to stockholders of record as of February 12, 2026, signaling confidence in its capital position even as it absorbs higher credit loss provisions tied to a more cautious macroeconomic outlook and targeted reserve builds, particularly in the multifamily and small business unsecured commercial loan books.

The most recent analyst rating on (NFBK) stock is a Buy with a $13.50 price target. To see the full list of analyst forecasts on Northfield Bancorp stock, see the NFBK Stock Forecast page.

Northfield Bancorp to Be Acquired by Columbia Financial

On January 31, 2026, Northfield Bancorp entered into a merger agreement under which it will be acquired by Columbia Financial, Inc., concurrent with Columbia’s conversion from a mutual holding company to a fully public stock holding company through a second-step conversion. The stock-and-cash transaction, valued at about $597 million and announced publicly on February 2, 2026, will see Northfield merge into a new Columbia holding company following completion of the conversion, with Northfield shareholders able to elect cash or stock within set limits tied to an independent valuation, and Northfield Bank to be folded into Columbia Bank; the combined group is expected to become the third-largest regional bank headquartered in New Jersey with pro forma assets of $18 billion and projected strong earnings accretion, while governance will be reshaped to add four Northfield directors and install Northfield CEO Steven M. Klein as COO. The deal, unanimously approved by both boards and targeted to close in early third quarter 2026 subject to regulatory, depositor and shareholder approvals, also provides for the accelerated vesting or conversion of Northfield equity awards and includes settlement agreements entered on January 31, 2026 that terminate the employment contracts of Klein and four other senior executives at closing in exchange for lump-sum payments and, in Klein’s case, post-employment non-compete and non-solicitation restrictions, underscoring a planned leadership transition and integration of Northfield’s franchise into Columbia’s broader regional platform.

The most recent analyst rating on (NFBK) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Northfield Bancorp stock, see the NFBK Stock Forecast page.