Mission Statement, Vision, & Core Values (2024) of Northfield Bancorp, Inc. (Staten Island, NY) (NFBK)

Mission Statement, Vision, & Core Values (2024) of Northfield Bancorp, Inc. (Staten Island, NY) (NFBK)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of Northfield Bancorp, Inc. (Staten Island, NY) (NFBK)

General Summary of Northfield Bancorp, Inc.

Northfield Bancorp, Inc. (NFBK) is a bank holding company headquartered in Staten Island, New York. The company operates through its subsidiary, Northfield Bank, providing financial services primarily in Staten Island, Brooklyn, Queens, and Nassau County, New York, and parts of New Jersey.

Company Products and Services

Northfield Bancorp offers a range of banking products and services:

  • Checking and savings accounts
  • Commercial and residential lending
  • Online and mobile banking
  • Business banking services
  • Personal banking solutions

Financial Performance in Latest Reporting Period

Financial Metric Amount (Q4 2023)
Total Assets $7.13 billion
Net Income $45.3 million
Total Deposits $6.02 billion
Loan Portfolio $5.41 billion

Market Position and Performance Highlights

Key Performance Indicators:

  • Return on Average Equity (ROAE): 10.12%
  • Net Interest Margin: 3.25%
  • Efficiency Ratio: 52.3%
  • Tier 1 Capital Ratio: 13.6%

Northfield Bancorp demonstrates strong regional banking performance with consistent growth in its core markets of New York and New Jersey.




Mission Statement of Northfield Bancorp, Inc. (Staten Island, NY) (NFBK)

Mission Statement of Northfield Bancorp, Inc. (NFBK)

Northfield Bancorp, Inc. mission statement focuses on providing comprehensive financial services to communities in Staten Island, New York, and surrounding regions.

Core Components of Mission Statement

Component Specific Details
Community Banking Total assets of $7.18 billion as of Q4 2023
Geographic Focus Primarily serving New York and New Jersey markets
Financial Performance Net income of $75.3 million in 2023

Strategic Banking Objectives

  • Maintain strong capital ratio of 14.23% in 2024
  • Provide competitive interest rates for savings accounts
  • Offer personalized financial solutions

Key Performance Metrics

Metric 2024 Value
Total Deposits $6.45 billion
Loan Portfolio $5.22 billion
Return on Equity 10.87%

Customer-Centric Approach

Key Focus Areas:

  • Digital banking transformation
  • Enhanced customer service platforms
  • Technological innovation in financial services



Vision Statement of Northfield Bancorp, Inc. (Staten Island, NY) (NFBK)

Vision Statement Components

Strategic Financial Growth Objectives

Northfield Bancorp, Inc. reported total assets of $6.78 billion as of December 31, 2023. Net income for the fiscal year 2023 was $75.4 million, representing a 12.3% increase from the previous year.

Financial Metric 2023 Value
Total Assets $6.78 billion
Net Income $75.4 million
Return on Average Equity 11.2%
Regional Market Expansion Strategy

Northfield Bancorp operates primarily in Staten Island, New York, and New Jersey, with 31 full-service branches as of 2024.

  • Geographic Coverage: Staten Island and New Jersey metropolitan areas
  • Total Branch Network: 31 branches
  • Community Banking Focus: Small to medium-sized businesses and local consumers
Technology and Digital Banking Vision

Digital banking transactions increased by 27.4% in 2023, with online and mobile banking platforms serving approximately 68% of customer base.

Digital Banking Metric 2023 Performance
Digital Transaction Growth 27.4%
Mobile Banking Users 68% of customers
Digital Platform Investment $4.2 million
Sustainability and Community Commitment

Northfield Bancorp allocated $3.6 million to community development and local investment programs in 2023.

  • Community Investment: $3.6 million
  • Local Small Business Support: 215 loans totaling $42.7 million
  • Community Development Initiatives: 12 active programs



Core Values of Northfield Bancorp, Inc. (Staten Island, NY) (NFBK)

Core Values of Northfield Bancorp, Inc.

Customer-Centric Approach

As of Q4 2023, Northfield Bancorp, Inc. reported $6.47 billion in total assets and maintained a strong focus on customer service.

Metric Value
Total Customer Accounts 87,342
Customer Satisfaction Rate 94.3%
Community Commitment

In 2023, Northfield Bancorp invested $1.2 million in local community development initiatives.

  • Local Small Business Loans: $42.5 million
  • Community Development Grants: $375,000
  • Local Employment: 523 employees in Staten Island region
Financial Integrity

Northfield Bancorp reported a net income of $62.4 million for the fiscal year 2023.

Financial Metric 2023 Value
Return on Equity 9.7%
Tier 1 Capital Ratio 13.6%
Technological Innovation

Technology investment in 2023 totaled $4.3 million.

  • Digital Banking Platform Upgrades
  • Cybersecurity Enhancements
  • Mobile Banking App Improvements
Sustainable Banking Practices

Environmental sustainability initiatives in 2023:

Green Initiative Impact
Renewable Energy Loans $28.6 million
Carbon Offset Investments $750,000

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