Northfield Bancorp (NFBK) AI Stock Analysis

• Market Cap: $557.13M
• Dividend Yield: 4.38%
• Average Volume (3M): 200.80K
• Price to Earnings (P/E): 673.7
• Beta (1Y): 1.02
• 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: 41,763,850
• 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: 0.00
• Enterprise Value/Market Cap: 2.81
• Enterprise Value/Revenue: 8.49
• Enterprise Value/Gross Profit: 24.05
• Enterprise Value/Ebitda: 24.44
• 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: 60 Neutral
• Price Target: $14.50 ▲(19.34% Upside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is driven primarily by mid-range financial performance (improving TTM profitability but weakening free cash flow momentum) and supportive technical trend, partially offset by a very unfavorable P/E-based valuation signal. Corporate events are mixed, with the acquisition positive but recent impairment-related losses and higher provisioning a near-term risk.

Positive Factors

Solid capital base and reduced leverage

The bank reports roughly $720M of equity against ~$5.7B of assets and a meaningful reduction in reported leverage (TTM showing zero debt). That stronger capital mix provides a durable regulatory and loss-absorbing cushion, supporting dividends, underwriting flexibility and strategic options over months.

Improving net interest margin and core NII growth

NIM expanded to 2.70% in Q4 and NII grew ~20% YoY, reflecting better funding mix and higher earning asset yields. Sustained margin improvement and core interest income growth enhance durable revenue generation and profitability resilience through normal rate cycles over the next several months.

Strategic acquisition offers scale and governance continuity

The announced merger into Columbia creates a materially larger regional bank (~$18B pro forma) and embeds Northfield leadership into the combined management team. The structural consolidation improves scale, product distribution, and cost synergies that should strengthen long-term competitive positioning and franchise value.

Negative Factors

Large goodwill impairment hit earnings

A $41M non-cash goodwill impairment drove a Q4 net loss and removed goodwill from the balance sheet. While non-cash, such write-downs reflect diminished acquired franchise economics, lower reported equity cushions and create volatility in reported earnings and capital metrics that can constrain strategic choices over months.

Weakening free cash flow momentum

Operating cash flow and FCF remain positive but free cash flow growth has turned negative and momentum has weakened versus earlier periods. Deteriorating FCF trends reduce internal funding for loan growth, dividends and reserves, limiting financial flexibility and making the franchise more dependent on external financing.

Higher credit loss provisions and concentrated reserve builds

Management has built reserves, particularly for multifamily and small-business unsecured commercial portfolios, signaling asset-quality stress in specific segments. Elevated provisions can compress net income and capital ratios and may constrain lending and profitability until credit trends stabilize over the medium term.

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

Moderate financial quality: TTM revenue is up modestly and net margin improved versus 2024, supported by solid equity relative to assets. Offsetting this, cash-flow momentum is weakening with declining free cash flow growth, and profitability remains below the stronger 2021–2022 levels; the abrupt leverage step-change (TTM showing zero debt) warrants monitoring.

Income Statement

TTM (Trailing-Twelve-Months) revenue is up modestly versus the prior annual period (about $261M vs. $251M), and profitability improved with higher net margin (about 15.9% in TTM vs. 11.9% in 2024). That said, earnings power looks less robust than 2021–2022 when margins and net income were materially higher, indicating a more pressured rate/credit environment. Revenue growth has also decelerated from the stronger 2023–2024 trajectory.

Balance Sheet

The balance sheet shows solid equity relative to assets (equity ~ $720M on ~$5.7B assets in TTM) and a mid-single-digit return on equity in TTM (~5.5%), improving from 2024 (~4.2%). Leverage appears to have reduced meaningfully versus 2023–2024 based on the reported debt and debt-to-equity figures (TTM showing zero debt), which would be a positive if sustained. However, the sharp step-change versus prior years warrants caution and suggests the capital structure trend may be volatile or impacted by reporting/classification differences.

Cash Flow

Cash generation is positive in TTM with operating cash flow of ~$43M and free cash flow of ~$42M, and free cash flow remains well-aligned with earnings (free cash flow is ~99% of net income in TTM). The key weakness is the declining free cash flow trend, with negative free cash flow growth in TTM and also in 2023–2024, pointing to weaker cash momentum versus earlier periods (notably 2021–2022).

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	58.06M	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	1.02B	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	0.00	29.95M	43.37M	80.78M	63.12M
Operating Cash Flow	0.00	31.11M	46.97M	83.33M	64.76M
Investing Cash Flow	0.00	-118.49M	193.87M	-280.21M	85.00M
Financing Cash Flow	0.00	25.62M	-57.13M	151.61M	-146.23M

Northfield Bancorp Technical Analysis

• Technical Analysis Sentiment: Neutral
• 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 Neutral. The current price of 12.15 is below the 20-day moving average (MA) of 13.46, below the 50-day MA of 12.40, and above the 200-day MA of 11.39, indicating a neutral trend. The MACD of 0.32 indicates Positive momentum. The RSI at 56.35 is Neutral, neither overbought nor oversold. The STOCH value of 49.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NFBK.

Northfield Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BSVN	78 Outperform	$384.56M	9.04	19.46%	2.40%	-6.72%	19.64%
BHB	74 Outperform	$538.37M	13.97	7.45%	3.92%	4.26%	-16.52%
TCBX	74 Outperform	$550.38M	11.04	13.37%	―	9.12%	45.83%
NPB	71 Outperform	$620.63M	8.56	―	0.42%	18.10%	33.47%
CCNE	68 Neutral	$825.63M	11.18	6.51%	2.68%	11.13%	-15.28%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
NFBK	60 Neutral	$557.13M	673.74	5.56%	4.38%	6.08%	52.64%

Northfield Bancorp Corporate Events

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.

Northfield Bancorp to Present at Financial Conference

On November 11, 2025, Northfield Bancorp, Inc. will participate in the Piper Sandler Financial Services Conference in Miami, Florida. The company’s presentation will be accessible on their Investor Relations website starting November 10, 2025, and will remain available for 30 days, providing stakeholders with insights into the company’s operations and strategies.

The most recent analyst rating on (NFBK) stock is a Hold with a $12.00 price target. To see the full list of analyst forecasts on Northfield Bancorp stock, see the NFBK Stock Forecast page.