Northfield Bancorp, Inc.
Description
Northfield Bancorp, Inc. (Staten Island, NY) operates as the bank holding company for Northfield Bank that provides various banking products and 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; 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. Further, the company provides automated teller machines; telephone, internet, and mobile banking services; and ACH and wire transfers, cash management, positive pay, and remote deposit capture services. It operates 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.
About
CEO
Mr. Steven M. Klein CPA
Employees
397
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNGS
Address
581 Main Street, Woodbridge, NJ 07095, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 21, 2026 | — | — | — | — |
| Oct 22, 2025 | — | — | — | — |
| Jul 23, 2025 | — | — | — | — |
| Apr 23, 2025 | — | — | — | — |
| Jan 23, 2025 | 0.18 | 0.19 | 0.01 | 5.56% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 2 | 2 | 2 | 2 |
| Average estimate | 0.19 | 0.20 | 0.87 | 1.21 |
| Low estimate | 0.18 | 0.20 | 0.84 | 1.07 |
| High estimate | 0.19 | 0.20 | 0.89 | 1.34 |
| Last year EPS | 0.15 | 0.14 | 0.69 | 0.87 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
23.330%
Next qtr. (Jun 2025)
42.860%
Current year (Dec 2025)
25.360%
Next year (Dec 2026)
39.310%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 136.56M | 166.29M | 170.10M | 141.28M | 126.59M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 51.00M | 45.53M | 47.40M | 44.41M | 43.58M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 51.76M | 84.86M | 97.13M | 50.03M | 53.02M |
| Tax provision | 14.09M | 23.74M | 26.47M | 13.04M | 12.79M |
| Net income | 37.67M | 61.12M | 70.65M | 36.99M | 40.24M |
| Basic EPS | 0.86 | 1.32 | 1.46 | 0.76 | 0.86 |
| Diluted EPS | 0.86 | 1.32 | 1.45 | 0.76 | 0.85 |
| Basic average shares | 43.56M | 46.23M | 48.42M | 48.72M | 46.78M |
| Diluted average shares | 43.56M | 46.23M | 48.42M | 48.72M | 46.78M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 37.67M | 61.12M | 70.65M | 36.99M | 40.24M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 13.89M | 14.53M | 18.19M | 16.12M | 15.41M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 229.51M | 45.80M | 91.07M | 87.54M | 147.82M |
| Other short term investments | 795.46M | 952.17M | 1.21B | 1.26B | 1.14B |
| Accounts receivable | 18.49M | 17.43M | 14.57M | 14.69M | 14.61M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 2.60M | 2.60M | 2.60M | 2.60M | 2.60M |
| Land and improvements | 5.16M | 5.16M | 5.16M | 5.16M | 4.02M |
| Machinery furniture equipment | 35.10M | 32.78M | 31.27M | 29.88M | 26.18M |
| Construction in progress | — | — | — | — | — |
| Leases | 30.15M | 29.15M | 28.15M | 27.97M | 27.89M |
| Accumulated depreciation | -61.71M | -58.03M | -54.39M | -50.50M | -45.68M |
| Goodwill | 82.02M | 82.02M | 82.02M | 82.64M | 76.82M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 828.51M | 984.13M | 1.23B | 1.28B | 1.16B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | 39.04M | 34.81M | 29.81M | 30.10M |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 836.20M | 659.65M | 411.61M | 559.52M | 826.07M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 648,000 | 648,000 | 648,000 | 648,000 | 609,000 |
| Retained earnings | 433.23M | 418.35M | 381.36M | 338.09M | 322.58M |
| Other shareholders equity | -32.44M | -48.33M | 2.06M | 13.16M | 4.70M |
| Total shareholders equity | 699.45M | 701.39M | 739.88M | 753.98M | 695.85M |
| Additional paid in capital | 590.97M | 590.25M | 589.97M | 590.51M | 548.49M |
| Treasury stock | 278.62M | 243.88M | 217.10M | 169.90M | 160.78M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 1999 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||
| Net Income | 37.67M | 61.12M | 70.65M | 36.99M | 40.24M | 40.08M | 24.77M | 26.13M | 19.53M | 20.27M | 19.15M | 16.03M | 16.82M | 13.79M | 12.07M | 15.83M | 10.51M | 10.84M | 13.16M | 370,357 |
| Depreciation | 8.53M | 8.45M | 8.48M | 8.69M | 8.90M | 3.35M | 3.62M | 4.04M | 3.60M | 4.06M | 4.07M | 3.20M | 2.43M | 2.08M | 2.02M | 1.87M | 1.82M | 2.29M | 1.56M | — |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | — | — | — | -2.88M | -2.91M | -4.94M | -1,000 | -10.40M | -526,000 | 462,000 | -28,922 |
| Stock-Based Compensation | 4.37M | 4.13M | 3.64M | 3.21M | 5.58M | 7.77M | 8.69M | 9.56M | 8.89M | 4.65M | 5.04M | 3.91M | 3.87M | 3.82M | 3.62M | 644,000 | — | — | — | — |
| Other Non-Cash Items | -3.34M | -2.64M | -3.57M | -3.24M | -7.29M | -3.96M | -5.52M | -4.64M | -4.45M | -3.93M | 4.78M | 763,000 | -2.44M | -3.50M | 3.62M | -1.10M | 8.70M | 235,000 | 1.63M | 940,904 |
| Accounts Receivable | -1.07M | -2.92M | 118,000 | 1.33M | -1.65M | -2.25M | -999,000 | 1,000 | -248,000 | 122,000 | 17,000 | 899,000 | 125,000 | 181,000 | 265,000 | -2.72M | — | — | — | -2,923 |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 167,705 |
| Other Assets & Liabilities | -8.95M | -3.67M | -14.53M | 1.29M | 2.68M | 3.56M | -3.69M | 3.05M | 3.36M | -2.95M | 978,000 | 4.32M | -50,000 | 1.59M | -5.59M | -5.28M | — | -272,000 | 3.63M | 164,782 |
| Operating Cash Flow | 37.21M | 64.46M | 64.80M | 48.28M | 48.45M | 48.56M | 26.86M | 38.14M | 30.68M | 22.22M | 34.03M | 29.11M | 17.88M | 15.06M | 11.06M | 9.24M | 10.63M | 12.57M | 20.44M | 1.61M |
| Investing Activities | ||||||||||||||||||||
| Capital Expenditures | -3.61M | -2.55M | -1.64M | -3.06M | -3.62M | -2.88M | -2.07M | -932,000 | 116,000 | -391,000 | -2.40M | -4.80M | -5.51M | -4.98M | -5.46M | -2.66M | 576,000 | -1.10M | -713,000 | -14,992 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | 72.88M | — | — | — | 55.48M | — | — | — | 4.72M | 77.45M | — | — | — | — | — | — | — |
| Purchase of Investments | -73.73M | -180.26M | -752.06M | -572.37M | -637.96M | -451.17M | -137.63M | -105.86M | -7.66M | -4.50M | -289.56M | -801.49M | -476.92M | -845.78M | -655.77M | -424.40M | -309.40M | -40.53M | -109.73M | -7.64M |
| Sale of Investments | 248.33M | 347.23M | 785.26M | 585.13M | 323.34M | 151.00M | 120.56M | 207.36M | 225.94M | 174.07M | 591.09M | 660.25M | 587.49M | 804.40M | 565.47M | 368.16M | 245.12M | 204.89M | 261.48M | 1.60M |
| Investing Cash Flow | 161.78M | 158.02M | 38.89M | 96.53M | -330.30M | -299.50M | -16.23M | 157.25M | 221.82M | 157.47M | 265.70M | -148.46M | 179.88M | -77.78M | -131.12M | -55.12M | -106.03M | 137.00M | 84.51M | -13.21M |
| Financing Activities | ||||||||||||||||||||
| Long-Term Debt Issuance | — | 60.88M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | — | -44,000 | -255,000 | -224,000 | -204,000 | -179,000 | -272,000 | -289,000 | -251,000 | -217,000 | -187,000 | -160,000 | -136,000 | — | — | — | — |
| Other Financing Charges | -893,000 | 1.09M | 5.23M | -368,000 | 2.04M | 3.21M | 2.47M | 2.98M | 3.19M | 1.74M | 3.37M | 1.49M | 1.69M | 167,000 | -3.07M | 2.98M | -3.94M | -105.00M | -104.50M | -66,035 |
| Financing Cash Flow | -60.86M | 6.96M | -72.39M | -32.25M | -34.02M | -15.72M | -13.40M | -13.50M | -57.62M | -150.12M | 27.25M | -4.83M | -40.05M | -11.54M | -26.12M | 2.11M | -4.05M | -105.15M | -127.99M | 8.75M |
| Other Cash Details | ||||||||||||||||||||
| End Cash Position | 229.51M | 45.80M | 91.07M | 87.54M | 147.82M | 77.76M | 57.84M | 96.09M | 51.85M | 76.71M | 61.24M | 128.76M | 65.27M | 43.85M | 42.54M | 50.13M | 25.09M | 60.62M | 38.37M | 1.28M |
| Income Tax Paid | 14.70M | 22.09M | 28.48M | 15.17M | 11.09M | 10.37M | 12.88M | 14.42M | 10.80M | 16.70M | 16.20M | 7.99M | 9.48M | 9.78M | 10.35M | 11.32M | — | — | — | — |
| Interest Paid | 80.40M | 19.28M | 17.45M | 39.58M | 51.63M | 35.82M | 23.77M | 22.04M | 19.74M | 15.00M | 17.18M | 23.00M | 25.01M | 24.46M | 29.33M | 27.32M | — | — | — | — |
| Free Cash Flow | 43.37M | 80.78M | 63.12M | 52.16M | 47.53M | 49.91M | 41.56M | 36.77M | 31.51M | 24.90M | 27.09M | 19.94M | 21.38M | 20.21M | 9.71M | 2.67M | 11.41M | 9.67M | 18.23M | 1.57M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,281,890 | 15.47M | 2.99% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,237,944 | 14.94M | 2.89% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 639,371 | 7.72M | 1.49% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 562,006 | 6.78M | 1.31% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 548,644 | 6.62M | 1.28% |
| SPDR (R) Ser Tr-S&P Regional Banking ETF | Nov 30, 2024 | 534,839 | 6.46M | 1.25% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 410,785 | 4.96M | 0.96% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 396,302 | 4.78M | 0.92% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 352,074 | 4.25M | 0.82% |
| DFA U.S. Small Cap Series | Oct 31, 2024 | 268,531 | 3.24M | 0.63% |
Article
Northfield Bancorp (NFBK) Q4 Earnings and Revenues Top Estimates
Northfield Bancorp (NFBK) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.19 per share a year ago.
Jan 23, 2025
Article
Northfield Bancorp, Inc. Announces Fourth Quarter and Year End 2024 Results
NOTABLE ITEMS FOR THE QUARTER: DILUTED EARNINGS PER SHARE OF $0.27 FOR THE FOURTH QUARTER OF 2024 , COMPARED TO $0.16 FOR THE TRAILING QUARTER, AND $0.19 FOR THE FOURTH QUARTER OF 2023. Fourth Quarter 2024 results included a gain of $0.06 per share on the sale and consolidation of a Staten Island branch in December 2024.
Jan 22, 2025
Article
Steve M. Klein, Chairman and CEO of Northfield Bank, Elected to the Board of Directors of the Federal Home Loan Bank of New York
WOODBRIDGE, N.J., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Northfield Bank, wholly-owned subsidiary of Northfield Bancorp, Inc. (NASDAQ: NFBK), announced today that Steven M. Klein, Chairman and Chief Executive Officer, has been elected to the Board of Directors of the Federal Home Loan Bank of New York (the “FHLBNY”) for a four-year term.
Dec 17, 2024
