Core Viewpoint - Kahn Swick & Foti, LLC is investigating the proposed sale of Soho House & Co Inc. to affiliates of MCR, focusing on whether the offered price of $9.00 per share adequately reflects the company's value and the process leading to this valuation [1]. Group 1: Proposed Sale Details - Shareholders of Soho House will receive $9.00 in cash for each share they own under the proposed transaction [1]. - The investigation aims to assess the adequacy of both the price and the process that led to this proposed sale [1]. Group 2: Legal Inquiry - Kahn Swick & Foti, LLC, led by former Louisiana Attorney General Charles C. Foti, Jr., is seeking to determine if the proposed sale undervalues the company [1]. - Shareholders who believe the transaction undervalues the company are encouraged to discuss their legal rights with KSF [1].

Core Viewpoint - The proposed merger between Northfield Bancorp, Inc. and Columbia Financial, Inc. is under investigation to assess its fairness and adequacy for Northfield shareholders [1]. Summary by Categories Merger Details - The merger will convert each Northfield share into either stock or cash, based on the holder's choice, with the valuation ranging from 1.425 to 1.465 holding company shares or cash between $14.25 and $14.65 per share [1]. - Cash consideration is capped at 30% of the outstanding shares [1]. Legal Investigation - The law firm Kahn Swick & Foti, LLC is investigating the merger process to determine if it is fair to Northfield shareholders [1].

Financial Performance - Northfield Bancorp reported a net loss of $27.4 million, or $0.69 per share, for Q4 2025, compared to net income of $10.8 million, or $0.27 per diluted share, for Q3 2025[5]. - For the year ended December 31, 2025, net income totaled $796,000, or $0.02 per diluted share, compared to $29.9 million, or $0.72 per diluted share, for 2024[5]. - The company reported a net loss of $27,402 thousand for the three months ended December 31, 2025, compared to a net income of $11,251 thousand in the same period last year[67]. - Basic loss per common share was $(0.69) for the three months ended December 31, 2025, compared to earnings of $0.28 per share in the previous year[67]. Goodwill and Impairment - The company recorded a goodwill impairment charge of $41.0 million, resulting in a net loss for the quarter, with no goodwill remaining after this charge[4]. - Goodwill decreased by $41.0 million to $0 at December 31, 2025, due to a non-cash impairment charge[36]. Interest Income and Margin - Net interest income for Q4 2025 was $36.7 million, an increase of $7.0 million, or 23.5%, compared to $29.7 million for Q4 2024[15]. - Net interest margin increased by 16 basis points to 2.70% for Q4 2025, compared to 2.54% for Q3 2025, and by 52 basis points compared to 2.18% for Q4 2024[4]. - The company had a net interest margin of 2.70% for the three months ended December 31, 2025, compared to 2.18% for the same period in 2024[61]. - The net interest margin for the year ended December 31, 2025, was 2.55%, an increase from 2.10% in 2024[72]. Non-Interest Income and Expense - Non-interest income decreased by $2.3 million, or 33.2%, to $4.7 million for the quarter ended December 31, 2025, from $7.0 million for the quarter ended December 31, 2024[18]. - Non-interest expense increased by $43.3 million, or 50.1%, to $129.9 million for the year ended December 31, 2025, primarily due to the goodwill impairment charge[12]. - Total non-interest expense surged to $62,076 thousand for the three months ended December 31, 2025, compared to $20,822 thousand in the same period last year, reflecting a substantial increase of 197.5%[67]. Loans and Credit Losses - Loan balances declined by $43.4 million, or 4.5% annualized, primarily due to a $79.1 million decrease in multifamily loans[4]. - The provision for credit losses on loans increased by $3.1 million to $7.4 million for the year ended December 31, 2025, compared to $4.3 million for 2024[10]. - Provision for credit losses on loans decreased by $277,000 to $1.7 million for the quarter ended December 31, 2025, from $1.9 million for the quarter ended December 31, 2024[17]. - The allowance for credit losses to total loans held-for-investment was 0.99% as of December 31, 2025, up from 0.87% at the end of 2024[61]. Assets and Liabilities - Total assets increased by $87.6 million, or 1.5%, to $5.75 billion at December 31, 2025, from $5.67 billion at December 31, 2024[28]. - Total liabilities increased by $102.3 million, or 2.1%, to $5.06 billion at December 31, 2025, primarily due to an increase in borrowings of $234.0 million[38]. - Total stockholders' equity decreased to $690,059 thousand as of December 31, 2025, from $719,599 thousand as of September 30, 2025, representing a decline of 4.0%[65]. Deposits - Deposits, excluding brokered, increased by $31.5 million, or 3.2% annualized, from September 30, 2025[4]. - Deposits, excluding brokered deposits, increased by $100.2 million, or 2.6%, to $3.98 billion at December 31, 2025, driven by a $164.4 million increase in transaction accounts[39]. - Estimated gross uninsured deposits at December 31, 2025, were $1.99 billion, representing 23.7% of total deposits, up from 21.7% at December 31, 2024[40]. Liquidity and Performance Ratios - The Company’s on-hand liquidity ratio as of December 31, 2025, was 17.7%[44]. - The efficiency ratio for the three months ended December 31, 2025, was 150.15%, significantly higher than 56.75% for the same period in 2024[61]. - The average interest-earning assets to average interest-bearing liabilities ratio was 130.88% for the three months ended December 31, 2025, compared to 129.20% for the same period in 2024[61]. Stockholder Returns - A cash dividend of $0.13 per share was declared, payable on February 25, 2026, to stockholders of record on February 12, 2026[6]. - Total stockholders' equity decreased by $14.6 million to $690.1 million at December 31, 2025, due to $15.0 million in stock repurchases and $21.2 million in dividend payments[43].

Core Viewpoint - Northfield Bancorp, Inc. reported disappointing earnings per share (EPS) of -$0.69, significantly below the estimated EPS of $0.28, despite generating revenue of approximately $41.3 million, which exceeded the estimated revenue of about $39.5 million [1][2][6] Financial Performance - The company experienced a net loss of $27.4 million for the fourth quarter of 2025, primarily due to a $41 million goodwill impairment charge [2] - The goodwill impairment charge was $1.03 per share, non-cash, and non-tax deductible, leaving Northfield Bancorp with no remaining goodwill [3] - In the previous quarter, the company reported a net income of $10.8 million, or $0.27 per diluted share [3] Strategic Developments - Northfield Bancorp announced a merger with Columbia Financial, Inc., which is expected to enhance their market position [4][6] - The company declared a cash dividend of $0.13 per share, payable on February 25, 2026, to stockholders of record as of February 12, 2026 [4] Financial Metrics - Northfield Bancorp's financial metrics include a price-to-sales ratio of about 2.21, an enterprise value to sales ratio of around 2.16, and an enterprise value to operating cash flow ratio of approximately 12.98 [5]

Group 1 - The core focus of the news is the investigation by Monteverde & Associates PC into Northfield Bancorp, Inc. regarding its merger with Columbia Financial, Inc. to determine if the deal is fair for shareholders [1] - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report and has successfully recovered millions for shareholders [1] - The firm operates from the Empire State Building in New York City and emphasizes its national presence in class action securities litigation [2] Group 2 - The firm has a successful track record in trial and appellate courts, including the U.S. Supreme Court, indicating its capability in handling significant legal matters [2] - Shareholders concerned about the merger or seeking additional information can contact the firm for free [3] - The firm encourages potential clients to inquire about their past recoveries and the specifics of their litigation success [4]

Core Viewpoint - Ademi LLP is investigating Northfield for potential breaches of fiduciary duty and other legal violations related to its transaction with Columbia Financial [1]. Group 1: Transaction Details - Northfield stockholders will receive either shares of the new holding company or cash based on an independent valuation, with specific terms depending on the valuation range [2]. - If the valuation is less than $2.3 billion, shareholders will receive either 1.425 shares or $14.25 in cash; for valuations between $2.3 billion and $2.6 billion, the consideration increases to 1.450 shares or $14.50 in cash; and for valuations of $2.6 billion or higher, shareholders will receive 1.465 shares or $14.65 in cash [2]. - A maximum of 30% of outstanding Northfield shares may be converted to cash, and insiders will receive substantial benefits as part of change of control arrangements [2]. Group 2: Investigation Focus - The transaction agreement imposes significant penalties on Northfield for accepting competing bids, which raises concerns about the board of directors' fulfillment of their fiduciary duties to all shareholders [3].

Core Viewpoint - Columbia Bank and Northfield have entered into a merger agreement valued at approximately $597 million, which will create the third largest regional bank headquartered in New Jersey with pro forma total assets of around $18 billion and over 100 branches [1][2] Group 1: Merger Details - The merger will result in Northfield Bank merging into Columbia Bank, with Columbia Bank being the surviving entity [1] - The merger is valued at approximately $597 million, equivalent to 0.86 times Northfield's tangible book value [2] - The transaction is expected to be completed early in the third quarter of 2026, pending regulatory and shareholder approvals [2] Group 2: Market Position - The combined organization will have a footprint extending to 14 counties in New Jersey, as well as Brooklyn and Staten Island [1] - Columbia Bank will hold the number one deposit share for community banks in the Brooklyn and Staten Island markets post-merger [1]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Columbia Financial, Inc. to Convert to Fully Public Company and Partner with Northfield Bancorp, Inc. Unlocking Shareholder Value in Conjunction With Our Second Step Conversion & Stock Offering February 2, 2026 R: 220 G: 220 B: 220 R: 244 G: 230 B: 200 R: 222 G: 222 B: 222 R: 185 G: 208 B: 255 R: 209 G: 159 B: 42 R: 116 G: 116 B: 116 R: 0 G: 0 B: 0 R: 166 G: 202 B: 236 R: 0 G: 17 B: 50 Font: Arial Font Color: 0, 0, 0 1 Disclaimer and Caution About Forward-Looking Statements Certain statements in this commun ...

Core Viewpoint - Northfield Bancorp, Inc. reported a net loss of $27.4 million for Q4 2025, primarily due to a $41.0 million goodwill impairment charge, despite an increase in net interest income driven by lower funding costs and higher yields on loans and securities [2][6][12]. Financial Performance - For the year ended December 31, 2025, net income was $796,000, a significant decrease from $29.9 million in 2024, largely due to the goodwill impairment charge [4][12]. - Net interest income for 2025 increased by $22.9 million, or 20.0%, to $137.4 million, attributed to a decrease in interest expense and an increase in interest income [5][8]. - The net interest margin improved by 45 basis points to 2.55% for 2025, driven by higher yields on loans and mortgage-backed securities [8]. Operational Highlights - Non-interest income for 2025 increased marginally by $128,000 to $17.0 million, primarily due to higher income on bank-owned life insurance and service charges [10]. - Non-interest expense rose by $43.3 million, or 50.1%, to $129.9 million, mainly due to the goodwill impairment charge [11][12]. Asset Quality and Loan Portfolio - Non-performing loans to total loans stood at 0.42% as of December 31, 2025, indicating strong asset quality [6]. - Loans held for investment decreased by $165.5 million to $3.86 billion, with a notable decline in multifamily loans [28][29]. Deposit and Funding - Total deposits, excluding brokered deposits, increased by $100.2 million, or 2.6%, to $3.98 billion, driven by growth in transaction accounts [39]. - Borrowed funds increased to $961.9 million, reflecting a strategic shift away from brokered deposits [42]. Equity and Capital Management - Total stockholders' equity decreased by $14.6 million to $690.1 million, influenced by stock repurchases and dividend payments [44]. - The Company declared a cash dividend of $0.13 per share, payable on February 25, 2026 [3][6].