NFBK — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-11

• On January 31, 2026, Northfield Bancorp, Inc. (“Bancorp”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Columbia Financial, Inc., a Delaware corporation (“Columbia Financial”), Columbia Financial, Inc., a newly-formed Maryland corporation (the “Holding Company”), and Col…

• Upon the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger (the “Effective Time”), each share of Bancorp's common stock, par value $0.01 per share (the “Northfield Common Stock”), issued and outstanding immediately before the Effective Time, o…

• The Merger remains subject to the receipt of certain depositor, stockholder and regulatory approvals and the satisfaction of other customary closing conditions. The Merger is expected to close early in the third quarter of 2026.

• The foregoing description of the proposed Merger and the Merger Agreement is not complete and is qualified in its entirety by reference to the full text of the Merger Agreement, which was filed as Exhibit 2.1 to the Bancorp's Current Report on Form 8-K, dated January 31, 2026, filed with the Securit…

• commercial real estate values and market conditions, military conflict, geopolitical risks, and downgrades of the U.S. credit rating;

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• •changes in the value of our goodwill or other intangible assets;

• Net income was $28.2 million for the nine months ended September 30, 2025, as compared to $18.7 million for the nine months ended September 30, 2024. The increase in net income for the nine months ended September 30, 2025, as compared to the nine months ended September 30, 2024, was primarily the re…

• Total assets increased by $59.1 million, or 1.0%, to $5.73 billion at September 30, 2025, from $5.67 billion at December 31, 2024. The increase was primarily due to an increase in available-for-sale debt securities of $230.1 million, or 20.9%, partially offset by decreases in total loans of $126.8 m…

• Equity securities were $5.0 million at September 30, 2025 and $14.3 million at December 31, 2024. At September 30, 2025, equity securities were primarily comprised of an investment in a Small Business Administration (“SBA”) Loan Fund. This investment in the SBA Loan Fund is utilized by Northfield Ba…

• Loans held-for-investment, net, decreased by $121.9 million, or 3.0%, to $3.90 billion at September 30, 2025 from $4.02 billion at December 31, 2024, primarily due to a decrease in multifamily real estate loans, partially offset by increases in commercial mortgage, one-to-four family residential mor…