Northfield Bancorp, Inc. Overview
Pro stress-test →Northfield Bancorp is a community bank holding company headquartered in New Jersey that operates Northfield Bank, serving individuals and corporate customers across New York and New Jersey with a focus on multifamily and commercial real estate lending. The bank operates 37 branches and maintains a $3.86 billion loan portfolio concentrated in real estate markets.
Strategic Profile
Pro stress-test →Northfield is undergoing a transformational merger with Columbia Financial (announced February 2026, expected to close Q3 2026), which represents a strategic pivot for the organization. The bank maintains stable asset quality with non-performing loans at 0.42% of total loans, though recent results show operational challenges including a $41 million goodwill impairment charge in Q4 2025.
Competitive Landscape
Pro stress-test →Northfield competes in the Northeast community banking sector against regional players including Kearny Financial (KRNY), Provident Financial Services (PFS), ConnectOne Bancorp (CNOB), and OceanFirst Financial (OCFC). Its strategic positioning in New York/New Jersey multifamily and CRE lending is differentiated but concentrated. The pending Columbia merger will position it as a mid-tier regional player.
Industry Context
Northfield Bancorp, Inc. operates in Regional Community Banking - Northeast Multifamily & Commercial Real Estate Focused.
Key facts
Founded: 1887 · Headquarters: Woodbridge, New Jersey · Employees: N/A · Revenue: N/A · Market cap: N/A