Northfield Bancorp, Inc. (NFBK) Latest Filing Signal

Based on earningsVibe SuperAnalyst™ synthesis of the latest 10-K, Northfield Bancorp, Inc.'s filing signal turned negative.

Northfield Bancorp, Inc. operates as the holding company for Northfield Bank, a federally chartered savings bank established in 1887. The bank focuses on originating multifamily and commercial real estate loans, construction and land loans, commercial and industrial loans, one-to-four family residential loans, and home equity loans and lines of credit. Its primary market areas are Staten Island and Brooklyn in New York, and Hunterdon, Mercer, Middlesex, and Union counties in New Jersey. Northfield Bank also purchases investment securities and accepts a variety of deposit accounts, which serve as its primary funding source. The company is subject to comprehensive regulation and examination by federal agencies, including the OCC and the FRB.

Revenue is primarily driven by interest income generated from its loan portfolio, which includes multifamily and commercial real estate loans, as well as interest income from its investment securities portfolio. Interest expense on deposits and borrowings represents a significant cost.