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NFBK - Northfield Bancorp Facing Problems From NIM Reduction Rent Regulation
Northfield Bancorp Inc.
Loan growth and provisions charge of Northfield Bancorp (NFBK) are likely to be negatively affected by new legislation in New York. In addition, the company's net interest margin is expected to be negatively impacted by Fed's 2019 rate cut by the mid of next year. Due to these factors, NFBK's earnings are expected to decline in 2020.
Rent Regulations to Affect Loan Growth
NFBK's main area of focus is multifamily real estate loans, with the segment making up 60% of total loans at the end of June 2019. Unfortunately, the outlook for demand