OverviewSuggest Edit

Northfield Bancorp, Inc. is the holding company of Northfield Bank. In addition to Northfield Bank, Northfield Bancorp, Inc. also owns Northfield Investments, Inc., a New Jersey investment company, which currently is inactive. The Bank’s principal business consists of gathering deposits, and to a lesser extent, borrowing funds, and using such funds to originate multifamily real estate loans and commercial real estate loans, purchase investment securities including mortgage-backed securities and corporate bonds, as well as depositing funds in other financial institutions. It also offers, to a lesser extent, construction and land loans, commercial and industrial loans, one- to four-family residential mortgage loans, and home equity loans and lines of credit.

Northfield Bank offers a variety of deposit accounts, including certificates of deposit, passbook, statement, and money market savings accounts, transaction deposit accounts (negotiable orders of withdrawal (NOW) accounts and non-interest bearing demand accounts), individual retirement accounts, and to a lesser extent when it is deemed cost-effective, brokered deposits. Deposits are the Bank’s primary source of funds for its lending and investing activities. The Bank also uses borrowings as a source of funds, principally from the securities sold under agreements to repurchase (repurchase agreements) with third party financial institutions and Federal Home Loan Bank of New York (FHLB) advances. 

TypePublic
Founded1887
HQWoodbridge Township, US
Websiteenorthfield.com
Employee Ratings2.3

Latest Updates

Employees (est.) (Nov 2018)323(-2%)
Job Openings20
Revenue (FY, 2018)$155.4 M(+8%)
Share Price (Mar 2019)$13.4 (-4%)

Key People/Management at Northfield Bancorp

Steven M. Klein

Steven M. Klein

President & CEO
Kenneth J. Doherty

Kenneth J. Doherty

Executive Vice President Chief Lending Officer
David V. Fasanella

David V. Fasanella

Executive Vice President Deputy Chief Lending Officer
Tara L. French

Tara L. French

Executive Vice President Chief Administrative Officer
William Jacobs

William Jacobs

Executive Vice President Chief Financial Officer
Robin Lefkowitz

Robin Lefkowitz

Executive Vice President Director of Business Development
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Northfield Bancorp Office Locations

Northfield Bancorp has an office in Woodbridge Township
Woodbridge Township, US (HQ)
581 Main St, Woodbridge
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Northfield Bancorp Financials and Metrics

Northfield Bancorp Revenue

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Northfield Bancorp's revenue was reported to be $155.42 m in FY, 2018
USD

Revenue (FY, 2018)

155.4m

Gross profit (FY, 2018)

119.4m

Gross profit margin (FY, 2018), %

76.8%

Net income (FY, 2018)

40.1m

EBIT (FY, 2018)

108.6m

Market capitalization (22-Mar-2019)

666.5m

Closing stock price (22-Mar-2019)

13.4

Cash (31-Dec-2018)

77.8m
Northfield Bancorp's current market capitalization is $666.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

102.6m91.7m109.7m135.0m144.5m155.4m

Revenue growth, %

(1%)11%33%

Cost of goods sold

16.9m15.4m19.7m21.7m24.0m36.1m

Gross profit

85.7m76.3m90.0m113.4m120.5m119.4m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

26.0m24.9m24.5m24.5m26.9m27.0m27.2m32.4m33.7m34.2m36.2m35.1m36.1m37.1m38.4m40.4m

Cost of goods sold

4.1m3.6m3.6m3.7m4.8m4.8m5.0m5.4m5.5m5.3m5.4m5.8m6.2m7.1m8.2m9.8m

Gross profit

21.9m21.3m20.9m20.8m22.1m22.3m22.2m27.0m28.2m28.9m30.8m29.3m30.0m29.9m30.2m30.6m

Gross profit Margin, %

84%85%85%85%82%82%82%83%84%85%85%84%83%81%79%76%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

61.2m76.7m51.9m96.1m57.8m77.8m

Accounts Receivable

8.1m8.0m8.3m10.0m

Inventories

PP&E

29.1m26.2m23.6m26.9m25.7m25.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

19.1m20.3m19.5m26.1m24.8m40.1m

Depreciation and Amortization

3.6m3.6m3.6m4.0m3.6m3.0m

Inventories

Accounts Payable

2.6m1.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

14.2m5.2m10.7m15.4m5.0m9.3m14.0m3.7m10.6m17.9m9.9m18.4m26.5m10.4m21.1m30.1m

Depreciation and Amortization

3.0m926.0k1.9m1.9m870.0k1.7m2.6m885.0k1.8m2.7m838.0k1.7m2.4m852.0k1.7m2.5m

Accounts Payable

631.0k691.0k3.3m

Cash From Operating Activities

21.4m6.8m9.5m17.3m10.1m14.4m24.6m5.7m12.3m23.6m9.8m20.1m34.4m13.6m26.0m42.1m
USDY, 2018

Revenue/Employee

481.2k

Financial Leverage

6.6 x
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Northfield Bancorp Operating Metrics

Northfield Bancorp's Total Loans was reported to be $3b in Q2, 2017.
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Northfield Bancorp News and Updates

Northfield Bancorp, Inc. Announces Appointment of Paul V. Stahlin, CPA, CGMA to its Board of Directors

WOODBRIDGE, N.J., Jan. 08, 2019 (GLOBE NEWSWIRE) -- NORTHFIELD BANCORP, INC. (NasdaqGS:NFBK), today announced that its Board of Directors appointed Paul V. Stahlin, CPA, CGMA as a director of both the Company and Northfield Bank.
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Northfield Bancorp Frequently Asked Questions

  • When was Northfield Bancorp founded?

    Northfield Bancorp was founded in 1887.

  • Who are Northfield Bancorp key executives?

    Northfield Bancorp's key executives are Steven M. Klein, Kenneth J. Doherty and David V. Fasanella.

  • How many employees does Northfield Bancorp have?

    Northfield Bancorp has 323 employees.

  • What is Northfield Bancorp revenue?

    Latest Northfield Bancorp annual revenue is $155.4 m.

  • What is Northfield Bancorp revenue per employee?

    Latest Northfield Bancorp revenue per employee is $481.2 k.

  • Who are Northfield Bancorp competitors?

    Competitors of Northfield Bancorp include Green Bancorp, Fidelity Southern Corporation and MidWestOne Financial Group.

  • Where is Northfield Bancorp headquarters?

    Northfield Bancorp headquarters is located at 581 Main St, Woodbridge, Woodbridge Township.

  • Where are Northfield Bancorp offices?

    Northfield Bancorp has an office in Woodbridge Township.

  • How many offices does Northfield Bancorp have?

    Northfield Bancorp has 1 office.