Northfield Bancorp

What Northfield Bancorp does

Northfield Bancorp, Inc. (NASDAQ: NFBK) is the bank holding company for Northfield Bank, a full-service community bank founded in 1887 and headquartered in Staten Island, New York, with an operations center in Woodbridge, New Jersey. The company operates approximately 38 branch locations across Staten Island (13), Brooklyn (8), and New Jersey (17), alongside an FDIC-insured digital and mobile banking platform. Its core products span consumer and business deposit products (checking, savings, money market, CDs, IRAs), residential mortgages (fixed-rate, ARM, home equity, plus Affordable Mortgage and Homebuyer Dream programs), commercial and multifamily lending, small business and government banking, credit cards (Visa Platinum, Visa Signature Travel, Visa Secured), and investment services delivered through a referral partnership with LPL Financial.

The bank runs on a standard community-banking technology stack with mobile and online banking, real-time debit-card fraud monitoring, 128-bit SSL encryption, Face ID mobile login, Card Hub controls, and integrations with Zelle, Apple Pay, Google Pay, uChoose Rewards (Fiserv), CardValet, Remote Deposit Capture, Positive Pay, and IntraFi Cash Service. A distinguishing feature is its OPEN Accessibility Campaign: multilingual website support in 15+ languages, Talking ATMs, TTY/TDD lines, large-print statements, and ADA-compliant branch design, with the bank marketing itself as a community bank focused on accessibility and local decision-making.

Northfield generates revenue primarily through net interest income from its loan portfolio (residential mortgages, multifamily, commercial real estate, consumer loans), with Q1 2026 net interest income of $37.0 million (up 16.3% year-over-year) and a net interest margin of 2.76%. Non-interest income comes from deposit fees, ATM and wire transfer fees, cash management services, credit card interchange, loan origination fees, and referral fees from LPL Financial. The bank declared a $0.13 quarterly cash dividend in May 2026 (3.7% yield). Its go-to-market is a traditional direct-to-consumer/community-bank motion: in-person relationship banking across its branch footprint, supplemented by online and mobile channels, community partnerships (e.g., Jersey Cares, On Your Mark) for brand building, and Saturday hours and drive-up services at select locations to drive foot traffic. In January 2026, Northfield agreed to be acquired by Columbia Financial, Inc. for approximately $597 million, with the Federal Reserve approving the deal in May 2026 and closing expected in Q3 2026, creating a $18 billion-asset combined entity that would be the third-largest regional bank headquartered in New Jersey.

Name

Northfield Bancorp

Legal name

Northfield Bancorp, Inc.

Website

https://enorthfield.com

Company type

Public

Founded year

1887

Operating status

Operating

Headcount range

251–500 employees

Short description

Northfield Bancorp, Inc. (NASDAQ: NFBK) is the holding company for Northfield Bank, a full-service community bank founded in 1887 operating ~38 branches across Staten Island, Brooklyn, and New Jersey, serving consumers, small/medium businesses, and government entities with deposits, mortgages, multifamily and commercial lending, and investment services via LPL Financial.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB)

Keywords

• Community banking services
• Retail deposit products
• Residential mortgage lending
• Commercial lending
• Small business banking

Headquarters

HQ city

Woodbridge

HQ country

United States

HQ region

North America

Offices38 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Net Interest Income: Primary revenue source from interest earned on loan portfolio including residential mortgages, multifamily loans, commercial real estate loans, and consumer loans. Q1 2026 net interest income of $37.0 million, up 16.3% year-over-year driven by higher yields on loans and securities and lower funding costs.
2. Non-Interest Income: Fee income from deposit account maintenance, ATM usage, wire transfers, credit card transactions, cash management services for businesses, and investment services referral fees through LPL Financial partnership.
3. Loan Origination Fees: Fees collected from mortgage origination and refinancing activities, including construction loans and home equity products.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

Northfield Bank is a full-service community bank offering personal and business deposit products (checking, savings, CDs, money market, IRAs), lending products (residential mortgages, home equity loans and lines of credit, commercial lending, multifamily lending, small business loans), Visa credit cards, cash management services for businesses, and investment services through a partnership with LPL Financial. The bank operates approximately 38 branches across Staten Island, Brooklyn, and New Jersey and serves customers online, via mobile app, and through a multilingual accessibility program.

Product overview

Northfield Bank operates as a full-service community bank offering a comprehensive suite of personal and business banking products. The bank's product portfolio centers on deposit products (checking, savings, CDs, money market accounts, IRAs), lending products (residential mortgages including fixed-rate and adjustable-rate options, home equity loans and lines of credit, commercial lending, multifamily lending, and small business loans), credit cards (Visa Platinum, Visa Signature Travel, Visa Secured), and digital banking services. Business banking includes specialized checking accounts, cash management services (Positive Pay, Remote Deposit Capture, Zelle for Business), and government banking solutions. Investment services are offered through a partnership with LPL Financial, covering financial planning, college planning, retirement planning, and estate planning. The bank distinguishes itself through affordability programs including the Affordable Mortgage Program and Homebuyer Dream Program for first-time homebuyers, and accessibility features like Talking ATMs and multilingual support. The bank operates primarily in New York, New Jersey, and eastern Pennsylvania with 40+ branch locations.

Differentiator

Problem solved

Functional benefit

Products and services

• Simply Free Checking Personal checking account with no minimum balance requirement and no monthly fees for everyday consumer banking.
• 50+ Checking Checking account designed for customers aged 50 and older with benefits tailored to the demographic.
• Direct Interest Checking Interest-bearing checking account with 0.01% APY, no minimum balance requirement, and variable rate subject to change.
• Premium Interest Checking Higher-tier interest checking with 0.05% APY on balances of $1,500 or more and variable rate subject to change.
• Convenience Checking Personal checking account with additional features and conveniences for everyday banking.
• Statement Savings Account Personal savings account with 0.01% APY, $10 minimum to open, and a $3 monthly fee waived when daily balance remains at $300.
• Certificates of Deposit Term deposit accounts with maturity options ranging from 3 months to 60 months, with APYs from 0.75% to 3.75% and a $2,500 minimum opening balance.
• Money Market Money market deposit account earning 0.05% APY on balances of $2,500 or more; $10,000 minimum opening balance and limited transactions.
• IRAs Individual Retirement Accounts including traditional and Roth options with tax-advantaged retirement savings.
• Fixed Rate Mortgage Residential mortgage with a consistent interest rate and predictable monthly payments for the life of the loan, available in various term options up to 30 years, including an Affordable Mortgage Program variant for reduced rates to LMI borrowers.
• Adjustable Rate Mortgage (ARM) Residential mortgage with 3-, 5-, 7-, or 10-year fixed rate periods before rates adjust based on market conditions, with index plus 2.75% margin subject to annual and lifetime caps.
• Homebuyer Dream Program Down payment and closing cost assistance program offering grants up to $20,000 for eligible first-time homebuyers.
• Fixed Rate Home Equity Home equity loan with a fixed interest rate and consistent monthly payments over the loan term.
• Home Equity Line of Credit Revolving credit line secured by home equity, allowing borrowers to access funds as needed.
• Visa Platinum Card Personal credit card offering flexible spending, security features, and rewards.
• Visa Signature Travel Premium Visa credit card with travel benefits and enhanced rewards.
• Visa Secured Card Secured Visa credit card designed for building or rebuilding credit.
• Digital and Mobile Banking Online and mobile banking platform providing 24/7 account access, bill payment, fund transfers, mobile check deposit, real-time alerts, Card Hub card management, Zelle, Apple Pay, and Google Pay.
• Simply Free Business Checking Business checking account with no monthly fees targeted at small businesses.
• Business Analysis Checking Business checking account with analysis features and detailed reporting capabilities for business finance management.
• Business Money Market Business money market account offering competitive interest rates on higher balances.
• Non Profit Checking Checking account designed for nonprofit organizations holding 501(c) tax-exempt status.
• IOLA / IOLTA Interest on Lawyer Trust Accounts designed for legal professionals requiring segregated trust account services.
• Commercial Lending Business loans for various commercial purposes including working capital financing and growth funding for small and medium businesses.
• Multifamily Lending Financing for multifamily residential properties, supporting real estate investors and operators.
• Small Business Loans Loan products specifically designed for small business working capital, equipment financing, and growth funding needs.
• Government Banking Banking services tailored for government entities, including business Visa cards and purchasing cards for procurement needs.
• Cash Management Commercial cash management services including Positive Pay for check fraud prevention, Remote Deposit Capture for remote check scanning, Zelle for Business, CardValet for business debit card controls, and Credit Card Processing.
• Business Visa Platinum Card Business Visa Platinum credit card designed for corporate and small business spending needs.
• Company Rewards Charge Card Business charge card offering a rewards program for company-paid expenses.
• Purchasing Card Business purchasing card for streamlined procurement workflows and centralized expense management.
• Financial Planning Investment and financial planning services delivered through a referral partnership with LPL Financial, a registered investment advisor and broker-dealer.
• College Planning Investment services focused on education funding strategies, delivered through the LPL Financial partnership.
• Retirement Planning Investment services covering retirement preparation and income planning delivered through the LPL Financial partnership.
• Estate Planning Investment services for legacy planning and wealth transfer delivered through the LPL Financial partnership.
• High Yield Money Market Enhanced yield money market deposit account earning 0.10% APY across all balance tiers with a $0.01 minimum to open and maximum account balance of $2,000,000; $25 minimum balance fee if average daily balance drops below $100,000.
• Platinum Savings - Online Online savings account earning 0.15% APY requiring a $10 minimum to open, $8 monthly fee if balance below $2,500, and new money only; available to existing customers.
• Intrafi Cash Service Service that places customer deposits across multiple FDIC-insured institutions through the IntraFi network to provide multi-million-dollar FDIC insurance protection.

Quantifiable outcome

• Net interest income increased 16.3% year-over-year to $37.0 million in Q1 2026
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Columbia Financial, Inc.coreOthers · 31 January 2026Pending merger agreement where Columbia Financial will acquire Northfield Bancorp for approximately $597 million. Northfield Bancorp CEO Steven M. Klein will become Senior Executive Vice President and COO of combined entity. Merger contingent on regulatory and shareholder approvals, expected to close Q3 2026.
• LPL FinancialcoreChannel Partner/ Reseller/ DistributorNorthfield Investment Services provides referrals to LPL Financial for investment products and services. LPL is a registered investment advisor and broker/dealer (member FINRA/SIPC). Securities and advisory services are offered through LPL, with registered representatives associated with Northfield Bank potentially being employees of the bank. Northfield Bank receives referral fees for directing customers to LPL.
• Jersey CaresminorOthersNorthfield Bank partnered with Jersey Cares, a nonprofit organization engaging volunteers in service projects addressing critical community needs across New Jersey. Together they assembled Chemo Care Kits and created no-sew fleece blankets for local cancer patients.
• On Your MarkminorOthersNorthfield Bank partnered with On Your Mark, an organization dedicated to supporting individuals with autism through education, advocacy, and resources. The bank held a 'Blue Out' event for Autism Acceptance Month with proceeds benefiting the organization.

Scale indicators9 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Columbia Financial, Inc. The acquiring counterparty in Northfield's pending merger and itself a New Jersey-based community bank with overlapping geographic footprint. Most directly comparable on business model, customer base (NJ SMBs and consumers), and product mix (deposits, multifamily and CRE lending).
• Valley National Bancorp: A New Jersey-headquartered community/commercial bank with a similar branch-based distribution model and overlapping SMB, CRE, and consumer lending products. Directly comparable in geography, customer segments, and core deposit-driven funding model.
• Flagstar Financial (formerly New York Community Bancorp): A Northeast-focused bank historically specialized in multifamily and CRE lending — closely mirroring Northfield's loan-mix orientation. Comparable on target customer (NYC metro landlords, CRE investors) and balance-sheet composition.
• Kearny Financial Corp. A New Jersey-headquartered thrift and community bank serving consumers and small businesses across northern NJ. Directly comparable on branch-based community banking model, deposit-driven funding, and geographic overlap.
• Dime Community Bancshares: A New York-based community bank focused on the greater NYC metro area with comparable deposit products, multifamily lending, and SMB services. Directly comparable on geographic overlap, customer profile, and product mix.
• ConnectOne Bancorp: A New Jersey-based commercial bank serving consumers, businesses, and municipalities across the NY/NJ metro. Comparable on geographic footprint, full-service community banking model, and government/SMB banking specialization.
• Lakeland Bancorp: A northern New Jersey community bank with similar consumer and SMB focus plus commercial lending. Directly comparable on regional footprint, product set, and customer segments.
• BCB Bancorp: A New Jersey community bank with similar deposit products, residential and CRE lending, and SMB services. Directly comparable on geographic overlap and full-service community banking approach.
• Provident Financial Services: A New Jersey-headquartered community bank with comparable consumer and commercial banking products and overlapping northern/central NJ footprint. Directly comparable on business model and customer base.
• Investors Bancorp (now Citizens Bank): Was a New Jersey community bank with strong overlap in branch-based consumer and SMB banking before being acquired by Citizens Financial. Provides a useful historical comparison on NJ community bank scale, product mix, and eventual exit via M&A — directly relevant given Northfield's own pending merger.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/northfieldbank
• Facebookfacebook.com/bankatnorthfield
• LinkedInlinkedin.com/company/northfieldbank
• Instagraminstagram.com/northfieldbank
• TikToktiktok.com/@northfield.bank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Northfield Bancorp