Northfield Bancorp Inc

Northfield Bancorp, Inc. is the bank holding company for Northfield Bank, which provides a range of banking services primarily to individuals and corporate customers. The bank offers deposit accounts such as transaction accounts, money market savings, certificates of deposit, and passbook and statement savings accounts. On the lending side, it provides commercial and industrial loans, owner-occupied commercial real estate loans, one-to-four family residential real estate loans, multifamily loans, construction and land loans, home equity loans and lines of credit, and small business loans. Additionally, it purchases investment securities including mortgage-backed securities and corporate bonds, and offers services like automated teller machines, debit cards, telephone and internet banking, mobile banking, ACH and wire transfers, cash management, positive pay, and remote deposit capture.

Northfield Bancorp is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol NFBK. The company operates in the United States and its financial reporting is in US Dollars (USD). As a US-based regional bank, all its transactions, deposits, and loans are denominated in US Dollars. The listing on NasdaqGS provides liquidity and visibility to investors, and the use of USD aligns with its domestic operations.

Northfield Bancorp operates in the Financial Services sector and is classified under the Banks - Regional industry. This means it is a regional bank that focuses on providing traditional banking services to local communities and businesses within specific geographic areas. Regional banks like Northfield typically offer a mix of retail and commercial banking products, including deposits, loans, and other financial services, but operate on a smaller scale compared to large national or global banks. The company's primary business is taking deposits and making loans, generating revenue from the interest rate spread.

Northfield Bancorp, through its subsidiary Northfield Bank, operates primarily in the New York and New Jersey metropolitan areas. Specifically, it serves customers in Richmond and Kings counties in New York (which include Staten Island and Brooklyn), as well as Hunterdon, Mercer, Union, and Middlesex counties in New Jersey. The bank's headquarters is located in Woodbridge, New Jersey. Founded in 1887, the company has a long history of serving these local communities, offering a full range of banking services to individuals and businesses in these regions.

Northfield Bancorp generates revenue primarily through traditional banking activities. Its main source of income is the net interest income earned from the spread between interest earned on loans and investments and interest paid on deposits. The loan portfolio includes commercial and industrial loans, owner-occupied commercial real estate loans, residential mortgages, multifamily loans, construction loans, home equity loans, and small business loans. The bank also earns non-interest income from fees and service charges on deposit accounts, as well as from services such as cash management, positive pay, remote deposit capture, and ATM and debit card usage. Additionally, it invests in mortgage-backed securities and corporate bonds to generate investment income.