Northfield Bancorp Declares $0.13 Quarterly Dividend
Northfield Bancorp, Inc. (NASDAQ: NFBK), a New Jersey-based community bank holding company, announced a quarterly cash dividend of $0.13 per common share. The dividend is payable to shareholders of record as of May 6, 2026.
Northfield Bancorp, Inc. (NASDAQ: NFBK), the holding company for Northfield Bank, declared a quarterly cash dividend of $0.13 per common share on April 20, 2026. The dividend will be paid on May 20, 2026, to stockholders of record as of May 6, 2026. Read more dividend announcements.
The Woodbridge, New Jersey-based community bank announced the dividend alongside its first quarter 2026 financial results. Chairman and Chief Executive Officer Steven M. Klein stated, "I'm pleased to report the declaration of a quarterly cash dividend of $0.13 per common share."
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.13 |
| Record Date | May 6, 2026 |
| Payment Date | May 20, 2026 |
| Frequency | Quarterly |
First Quarter 2026 Financial Performance
The company reported net income of $11.8 million, or $0.30 per diluted share, for the three months ended March 31, 2026. This compared to a net loss of $27.4 million, or $0.69 per share, for the trailing quarter and net income of $7.9 million, or $0.19 per diluted share, for the first quarter of 2025.
The current quarter included $1.7 million in non-tax deductible merger expenses, or $0.04 per share, related to the pending merger with Columbia Financial, Inc. The prior quarter's loss reflected a non-cash goodwill impairment charge of $41.0 million, or $1.03 per share.
Net interest income for the quarter was $37.0 million, up $296,000, or 3.2% annualized, from $36.7 million in the trailing quarter. Compared to the first quarter of 2025, net interest income increased $5.2 million, or 65.1% annualized, from $31.8 million.
The company's net interest margin expanded to 2.76% for the current quarter, up six basis points from 2.70% in the trailing quarter and 38 basis points from 2.38% in the first quarter of 2025.
Balance Sheet Highlights
Deposits, excluding brokered deposits, increased $83.3 million, or 8.4% annualized, from December 31, 2025. The cost of deposits, excluding brokered, declined to 1.74% at March 31, 2026, from 1.75% at December 31, 2025.
Loan balances decreased $48.8 million, or 5.1% annualized, from December 31, 2025, primarily due to a decline in multifamily loans. Non-performing loans to total loans stood at 0.56% at March 31, 2026, compared to 0.42% at December 31, 2025.
Klein noted that planning for the merger with Columbia Bank is progressing well, with teams focused on regulatory and stockholder approvals and the integration of the two organizations.