Northfield Bancorp issues $62M in 5% fixed-to-floating subordinated notes due 2032

Northfield Bancorp, Inc.

Aggregate principal $62.0M; notes pay 5.00% fixed through June 30, 2027, then SOFR + 200 bps quarterly.
Matures June 30, 2032; redeemable at par in whole or part starting June 30, 2027.
Net proceeds for general corporate purposes, including potential share repurchases.
Notes qualify as Tier 2 regulatory capital; unsecured and subordinated to senior debt.
Piper Sandler & Co. lead placement agent; D.A. Davidson & Co. co-placement agent.

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