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home / news releases / NFBK - Northfield Bancorp: Credit Risks Likely To Overshadow Benefits Of VSB Acquisition

NFBK - Northfield Bancorp: Credit Risks Likely To Overshadow Benefits Of VSB Acquisition

Northfield Bancorp Inc.
  • NFBK completed the acquisition of VSB Bancorp in the third quarter of 2020, which will likely drive net interest income.
  • Credit risks are moderately high because around 10% of total loans required forbearance at the end of the last quarter due to the COVID-19 pandemic.
  • The risks will likely keep the stock price subdued in the near-term. However, the outlook is more promising for the longer-term.

For further details see:

Northfield Bancorp: Credit Risks Likely To Overshadow Benefits Of VSB Acquisition
Stock Information
Company Name: Northfield Bancorp Inc.
Stock Symbol: NFBK
Market: NASDAQ
Website: eNorthfield.com
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