Northfield Bancorp Q1 profit rises on higher interest income

Northfield Bancorp

20/04/2026 22:18

Overview

U.S. regional bank reported Q1 EPS of $0.30, up from a loss in prior quarter

Net interest income rose year-over-year, driven by higher yields and lower funding costs

Company declared a $0.13 per share quarterly dividend

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

NET INTEREST INCOME - Higher net interest income driven by increased yields on loans and securities and lower funding costs

CREDIT LOSS PROVISION - Decrease in provision for credit losses on loans, reflecting improved asset quality and lower loan balances

MERGER EXPENSES - Higher non-interest expense due to $1.7 mln in merger-related costs for pending Columbia Financial merger

Company press release: ID:nGNX4KXdLD

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.30
Q1 Net Income
$11.80 mln
Q1 Net Interest Income
$37 mln
Q1 Dividend
$0.13
Q1 Net Interest Margin
2.76%


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Northfield Bancorp Inc is $14.50, about 4.1% above its April 17 closing price of $13.93

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)