Northfield Bancorp, Inc. (Staten Island, NY) (NFBK) M&A Call Transcript

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]