iHub News
4月前
Northfield Bancorp shares surge on Columbia Financial takeover agreementFebruary 2, 2026 10:49 AM
IH Market News
Shares of Northfield Bancorp Inc (NASDAQ:NFBK) jumped nearly 12% in premarket trading on Monday after the bank agreed to be acquired by Columbia Financial Inc (NASDAQ:CLBK) in a transaction valued at about $597 million.The all-cash-and-stock deal, which has been unanimously approved by both boards, will create the third-largest regional bank headquartered in New Jersey, with pro forma total assets of roughly $18 billion based on figures as of December 31, 2025.Under the terms of the agreement, Northfield shareholders can elect to receive either cash or shares in Columbia’s newly formed holding company. The final exchange will be set following an independent valuation, with investors receiving between 1.425 and 1.465 shares of the new holding company’s stock per Northfield share, or cash consideration ranging from $14.25 to $14.65 per share. Cash payments will be capped at 30% of Northfield’s outstanding shares.Alongside the merger announcement, Columbia also unveiled plans for a so-called “second-step” conversion, moving from its mutual holding company structure to a fully public stock holding company. As part of this process, Columbia will offer shares at $10.00 each, with depositors receiving priority subscription rights.“Northfield has built an excellent deposit franchise with a conservative credit culture, which makes it an ideal fit with Columbia and provides great opportunities for future growth,” said Thomas J. Kemly, President and CEO of Columbia.Following completion of the transaction, Kemly will remain President and CEO of the combined organization. Northfield’s Chairman, President and CEO Steven M. Klein is set to take on the role of Senior Executive Vice President and Chief Operating Officer.The companies expect the deal to close in the early part of the third quarter of 2026, subject to regulatory approvals and shareholder consent. Columbia said it expects the acquisition to be around 50% accretive to its earnings per share in 2027.Northfield Bancorp stock price
Original: Northfield Bancorp shares surge on Columbia Financial takeover agreement
chmcnfunds
13年前
This might be the key:
"Northfield Bancorp Inc (NASDAQ:NFBK) stock plunged 27.75% to $11.30. The Company’s securities available-for-sale portfolio totaled $1.28 billion at December 31, 2012, compared to $1.10 billion at December 31, 2011. At December 31, 2012, $1.18 billion of the portfolio consisted of residential mortgage-backed securities issued or guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae.
In addition, the company announced that it has completed the “second step” conversion of Northfield Bancorp, MHC (the “MHC”) and the Company’s related stock offering, effective as of the close of business today. As a result of the closing of the conversion and offering, the Company is now the holding company for Northfield Bank (the “Bank”)."
NFBK
Penny Roger$
14年前
Northfield Bancorp, Inc. is a holding company for Northfield Bank (the Bank). Northfield Bank’s principal business consists of gathering deposits, and borrowing funds, and using such funds to originate multifamily real estate loans and commercial real estate loans, purchase investment securities, including mortgage-backed securities and corporate bonds, as well as deposit funds in other financial institutions. Northfield Bank also offers construction and land loans, commercial and industrial loans, one- to four-family residential mortgage loans, and home equity loans and lines of credit. Northfield Bank offers a range of deposit accounts, including certificates of deposit, passbook, statement, and money market savings accounts, transaction deposit accounts (Negotiable Orders of Withdrawal (NOW) accounts and non-interest bearing demand accounts), individual retirement accounts, and brokered deposits. Northfield Bank offers insurance products through NSB Insurance Agency, Inc.
http://www.google.com/finance?q=NFBK