Northfield Bancorp (NFBK) investor relations material

Executive summary

• Net income for Q2 2026 was $14.5 million ($0.14 per share), up from $12.3 million ($0.12 per share) year-over-year, driven by higher net interest income and non-interest income, partially offset by increased provision for credit losses, non-interest expense, and income tax expense.

• Core net income for Q2 2026 was $15.1 million ($0.15 per share).

• For the six months ended June 30, 2026, net income was $27.6 million ($0.27 per share), up from $21.2 million ($0.21 per share) year-over-year.

• Completed a second-step conversion offering and acquisition of Northfield Bancorp in July 2026, raising $1.7 billion and adding $5.8 billion in assets.

Financial highlights

• Net interest income for Q2 2026 was $62.9 million, up 17.2% year-over-year; for six months, $123.3 million, up 18.5%.

• Net interest margin for Q2 2026 was 2.44%, up 25 bps year-over-year; for six months, 2.43%, up 28 bps.

• Non-interest income for Q2 2026 was $10.8 million, up 6.5% year-over-year; for six months, $17.6 million, down 5.7%.

• Non-interest expense for Q2 2026 was $49.4 million, up 10% year-over-year; for six months, $96.9 million, up 9.2%.

• Provision for credit losses for Q2 2026 was $4.3 million, up 74.7% year-over-year; for six months, $5.3 million, down 2.5%.

• Quarterly cash dividend of $0.05 per share declared, payable August 26, 2026.

Outlook and guidance

• The acquisition of Northfield Bancorp and second-step conversion are expected to transform the company, expanding into new geographic markets and providing substantial capital for future growth.

• Management anticipates benefits from a lower-cost deposit base and enhanced franchise growth.