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Northfield Bancorp reports Q1 2026 net income of $11.8M, reversing prior quarter loss, with deposit growth and merger progress.

Company Fundamentals
20 Apr 2026
GlobeNewsWire
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Bullish
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Northfield Bancorp, Inc. reported a net income of $11.8 million ($0.30 per diluted share) for Q1 2026, a significant turnaround from a $27.4 million loss in Q4 2025 and an increase from $7.9 million in Q1 2025. The quarter saw a 3.2% annualized increase in net interest income to $37.0 million, driven by higher yields and lower funding costs, alongside an 8.4% annualized growth in deposits excluding brokered deposits. Asset quality remains strong despite a slight rise in non-performing loans. The company is progressing with its planned merger with Columbia Financial, Inc., and declared a quarterly dividend of $0.13 per share payable in May 2026. These results reflect improved financial health and strategic positioning ahead of the merger.

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