• Northfield Bancorp, Inc. (NASDAQ:NFBK) reported an earnings per share (EPS) of -$0.69, significantly below the estimated EPS of $0.28, indicating a challenging quarter.
• The company generated revenue of approximately $41.3 million, surpassing the estimated revenue and indicating strong operational performance.
• A strategic merger with Columbia Financial, Inc. was announced, potentially enhancing Northfield Bancorp's market position.

Northfield Bancorp, Inc. (NASDAQ:NFBK) is a financial institution that provides banking services, including savings accounts, loans, and other financial products. The company operates primarily in the northeastern United States. It competes with other regional banks and financial institutions. Recently, NFBK reported an earnings per share (EPS) of -$0.69, which was significantly below the estimated EPS of $0.28.

Despite the disappointing EPS, NFBK generated a revenue of approximately $41.3 million, surpassing the estimated revenue of about $39.5 million. This revenue growth indicates strong operational performance, even as the company faces challenges. The financial results for the fourth quarter of 2025 revealed a net loss of $27.4 million, or -$0.69 per share, primarily due to a $41 million goodwill impairment charge.

The goodwill impairment charge, which amounted to $1.03 per share, was non-cash and non-tax deductible. It did not affect the company's asset quality, liquidity, or regulatory capital. Following this charge, Northfield Bancorp has no remaining goodwill. In contrast, the company had reported a net income of $10.8 million, or $0.27 per diluted share, in the previous quarter.

In a strategic move, Northfield Bancorp announced a merger with Columbia Financial, Inc. This merger marks a significant development for both companies, potentially enhancing their market position. Additionally, Northfield Bancorp declared a cash dividend of $0.13 per share, payable on February 25, 2026, to stockholders of record as of February 12, 2026.

NFBK's financial metrics include a price-to-sales ratio of about 2.21. The enterprise value to sales ratio is around 2.16, while the enterprise value to operating cash flow ratio is approximately 12.98.