Northfield Bancorp Q1 EPS $0.30, Swings to Profit from Loss

Northfield Bancorp reported net income of $11.8 million, or $0.30 diluted EPS, for Q1 2026, a significant turnaround from a $27.4 million net loss ($0.69 diluted EPS) in the trailing quarter. This improvement was largely due to the absence of a $41.0 million goodwill impairment charge seen in the prior quarter, partially offset by $1.7 million in merger expenses. Net interest income increased to $37.0 million, and net interest margin expanded to 2.76%. The company also declared a quarterly cash dividend of $0.13 per share.