earnings
confidence high
sentiment negative
materiality 0.75
Northfield Bancorp reports Q4 net loss of $27.4M due to $41M goodwill impairment; merging with Columbia Financial
Northfield Bancorp, Inc.
2025-FY EPS reported
$0.02
revenue$6,870,000
- Agreement to merge with Columbia Financial Inc. (CLBK); further details in joint press release.
- Q4 net loss of $27.4M, or $0.69 per share, vs. net income of $11.3M in Q4 2024.
- Net interest margin rose to 2.70% from 2.18% YoY; net interest income increased 23.5% to $36.7M.
- Goodwill impairment charge of $41.0M ($1.03 per share) entirely eliminated goodwill; no impact on capital.
- Cash dividend of $0.13 per share declared, payable Feb 25, 2026 to holders of record Feb 12, 2026.