Market Overview

Update to Northfield Bancorp, Inc. press release issued July 25, 2018


WOODBRIDGE, N.J., July 27, 2018 (GLOBE NEWSWIRE) -- NORTHFIELD BANCORP, INC. (NASDAQ:NFBK), the holding company for Northfield Bank, issued an earnings release on July 25, 2018, which included a typographical error related to its deposit composition table. The table incorrectly labeled Certificates of deposit $250,000 or more and Certificates of deposit Under $250,000. The following is the correct table:

  June 30, 2018   March 31, 2018   December 31,
Non-interest bearing checking          
Business customers 230,851     221,942     225,629  
Municipal customers 14,638     16,088     18,682  
Retail customers 165,938     167,887     162,956  
Total non-interest bearing checking 411,427     405,917     407,267  
Negotiable orders of withdrawal          
Business customers 135,733     138,173     137,705  
Municipal customers 247,750     302,758     285,122  
Retail customers 37,684     39,535     42,313  
Total negotiable orders of withdrawal 421,167     480,466     465,140  
Total transaction 832,594     886,383     872,407  
Savings 417,665     415,443     424,789  
Money market          
Business customers 102,701     92,139     84,384  
Municipal customers 34,187     38,036     41,777  
Retail customers 607,665     645,254     674,693  
Total money market 744,553     775,429     800,854  
Total savings 1,162,218     1,190,872     1,225,643  
Certificates of deposit:          
Brokered deposits 170,835     144,279     150,639  
$250,000 or more 149,507     134,003     110,964  
Under $250,000 652,127     549,539     477,326  
Total certificates of deposit 972,469     827,821     738,929  
Total deposits 2,967,281     2,905,076     2,836,979  

About Northfield Bank

Northfield Bank, founded in 1887, operates 39 full-service banking offices in Staten Island and Brooklyn, New York, and Hunterdon, Middlesex, Mercer, and Union counties, New Jersey. For more information about Northfield Bank, please visit

Forward-Looking Statements: This release may contain certain "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and may be identified by the use of such words as "may," "believe," "expect," "anticipate," "should," "plan," "estimate," "predict," "continue," and "potential" or the negative of these terms or other comparable terminology.  Examples of forward-looking statements include, but are not limited to, estimates with respect to the financial condition, results of operations and business of Northfield Bancorp, Inc.  Any or all of the forward-looking statements in this release and in any other public statements made by Northfield Bancorp, Inc. may turn out to be wrong.  They can be affected by inaccurate assumptions Northfield Bancorp, Inc. might make or by known or unknown risks and uncertainties as described in our SEC filings, including, but not limited to, those related to general economic conditions, particularly in the market areas in which the Company operates, competition among depository and other financial institutions, changes in laws or government regulations or policies affecting financial institutions, including changes in regulatory fees and capital requirements, inflation and changes in the interest rate environment that reduce our margins or reduce the fair value of financial instruments, our ability to successfully integrate acquired entities, and adverse changes in the securities markets.  Consequently, no forward-looking statement can be guaranteed.  Northfield Bancorp, Inc. does not intend to update any of the forward-looking statements after the date of this release, or conform these statements to actual events.

Company Contact:
William R. Jacobs
Chief Financial Officer
Tel: (732) 499-7200 ext. 2519

Primary Logo

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at