Northfield Bancorp was acquired: what it means for Northfield Bancorp stock

Published on 10/02/2026 at 22:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Columbia Financial paid USD 597.0 million for Northfield Bancorp on February 2, 2026. The deal implied 3.90x revenue for Northfield Bancorp stock.

NFBK, US66611T1088, Illustration mit AI erstellt.

Columbia Financial acquired Northfield Bancorp in a transaction valued at USD 597.0 million on February 2, 2026, ending NFBK's run as a listed bank. The Financial Brand reported on September 18, 2026, that the acquisition and Columbia Financial's second-step conversion were announced together in February and closed together in July.

What the acquisition means

The transaction price represented a 3.90x revenue multiple on USD 154.0 million of revenue, according to Multiples. The same analysis placed Northfield Bancorp's last-twelve-month revenue at USD 161.0 million and its final listed market capitalization at USD 639.0 million in July 2026.

That comparison puts the acquisition value below the last recorded public market value, but the figures refer to different measurement points and should not be treated as a direct return calculation. The transaction converted a standalone public company into part of Columbia Financial's larger banking platform.

Banking footprint remains regional

Northfield Bancorp operated through Northfield Bank, offering deposits, commercial real estate lending, residential loans, construction financing, and investment securities. The company's investor-relations profile says Northfield had 37 full-service branches serving Staten Island, Brooklyn, and communities in New Jersey in 2026.

The business model was locally concentrated rather than broadly diversified. That made the USD 597.0 million transaction relevant to the regional-bank consolidation cycle, while also giving the buyer an established deposit base and lending network.

Final listed market value

Northfield Bancorp's final recorded market capitalization was USD 639.0 million in July 2026, when the shares were still associated with NAS: NFBK. The company is now privately held following the Columbia Financial transaction, so the former NFBK listing no longer provides a current public-market reference.