Trade Northfield Bancorp Inc - NFBK CFD

Northfield Bancorp Company profile

About Northfield Bancorp Inc

Northfield Bancorp, Inc. is the holding company. The Company operates through its subsidiaries, including Northfield Investments, Inc. and Northfield Bank (the Bank). The Bank is a federally chartered savings bank. The Bank conducts business from its operations center located in Woodbridge, New Jersey, its home office located in Staten Island, New York, and its 37 additional branch offices located in New York and New Jersey. The 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. It also offers construction and land loans, commercial and industrial loans, home equity loans, lines of credit, and from time-to-time purchases loan participations and pools of loans. It offers a variety of deposit accounts, including certificates of deposit, passbook, statement and other.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Northfield Bancorp Inc interest income increased 2% to $172.3M. Net interest income after loan loss provision increased 25% to $161.8M. Net income increased 91% to $70.7M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% increase of 15% to 3.01%, Net Interest Spread, Total -% increase of 20% to 2.89%, Loans increase of 8% to $158.2M.

Equity composition

Common Stock $.01, Par, 12/10, 90M auth., 45,632,611 issd., less 2,316,590 shs. in Treas. @ $28M. Insiders own 63.04%. IPO: 6/11/2007, 16,752,449 @ $10 shares by Sandler O'neill & Partners, L.P. 01/13, 1.4029-for-1 stock exchange with Delaware Inc.