CORRECTING AND REPLACING -- Northfield Bancorp, Inc. Announces First Quarter 2013 Results, and Special and Quarterly Dividends

CORRECTING AND REPLACING -- Northfield Bancorp, Inc. Announces First Quarter
2013 Results, and Special and Quarterly Dividends

WOODBRIDGE, N.J., April 24, 2013 (GLOBE NEWSWIRE) -- In a release issued on
April 24, 2013 under the same headline by Northfield Bancorp, Inc.
(Nasdaq:NFBK), there was a number missing from the third bullet point under
"Notable Items Include:" The bullet point should read, "MULTIFAMILY LOAN
PRODUCTION REMAINS STRONG WITH BALANCES INCREASING $19.1 MILLION FROM DECEMBER
31, 2012." The corrected release follows:

                            NOTABLE ITEMS INCLUDE:

  *SPECIAL DIVIDEND OF $0.25 PER COMMON SHARE DECLARED IN ADDITION TO
    QUARTERLY DIVIDEND OF $0.06 PER COMMON SHARE
  *NET INTEREST INCOME INCREASES 10.9% OVER THE COMPARABLE QUARTER OF 2012,
    DRIVEN BY HIGHER LEVELS OF INTEREST EARNING ASSETS
  *MULTIFAMILY LOAN PRODUCTION REMAINS STRONG WITH BALANCES INCREASING $19.1
    MILLION FROM DECEMBER 31, 2012
  *ASSET QUALITY CONTINUES TO IMPROVE

  -- NONPERFORMING ASSETS AS A PERCENTAGE OF TOTAL ASSETS DECREASED TO 1.01%

  --NONPERFORMING LOANS DECREASED 21.8% FROM THE DECEMBER 31, 2012 LEVELS

  *CAPITAL REMAINS STRONG AT 26.2% OF TOTAL ASSETS

WOODBRIDGE, N.J., April 24, 2013 (GLOBE NEWSWIRE) -- Northfield Bancorp, Inc.
(Nasdaq:NFBK), the holding company for Northfield Bank, reported basic and
diluted earnings per common share of $0.09 for the quarter ended March 31,
2013, the same as reported for the same quarter of 2012. Prior year earnings
per share amounts have been restated to reflect the completion of our
second-step conversion at a conversion ratio of 1.4029 to 1.

John W. Alexander, Chairman and Chief Executive Officer of Northfield
commented, "During the quarter, we completed our conversion to a fully public
company. With the resultant increase in earning assets from our capital raise,
we were able to increase our net interest income notwithstanding continued
pressures on our net interest margin. We continue to work diligently to change
the mix of assets on the balance sheet and increase our loans outstanding. For
the period, multifamily loans increased $19.1 million. This coupled with an
increase in non-interest bearing deposits of $7.5 million helped us reduce the
rate of decline in our net interest margin. As with most banks, we will
continue to experience declining yields on our assets as rates on both new and
refinanced loans continued to decline as have rates on investment securities,
thus continuing to place pressure on our net interest margin prospectively." 

Mr. Alexander continued, "I am excited to report that, as previously disclosed
in the offering prospectus from our recently completed stock offering, the
company sought and has received approval to pay a one-time, special dividend
of $0.25 per common share. In addition to declaring the special dividend, the
Board of Directorsalso has declared a regular quarterly cash dividend of
$0.06 per common share. Both the special and quarterly dividends will be
payable on May 22, 2013, to stockholders of record as of May 8, 2013."

Financial Condition

Total assets increased $30.4 million, or 1.1%, to $2.84 billion at March 31,
2013, from $2.81 billion at December 31, 2012.The increase was primarily
attributable to increases in securities available-for-sale of $61.1 million,
net loans held-for-investment of $11.1 million and other assets of $27.8
million, offset by a decrease in cash and cash equivalents of $62.8 million.

Total loans held for investment, net increased $11.0 million to $1.25 billion
at March 31, 2012, as compared to $1.24 billion at December 31, 2012.

Originated loans held-for-investment, net, totaled $1.09 billion at March 31,
2013, as compared to $1.07 billion at December 31, 2012.The increase was
primarily due to an increase in multifamily real estate loans, which increased
$19.1 million, or 3.1%, to $629.2 million at March 31, 2013, from $610.1
million at December 31, 2012.Currently, management is primarily focused on
originating multifamily loans, with less emphasis on other loan types.The
following table details our multifamily originations for the three months
ended March 31, 2013 (dollars in thousands):

                                                   Months to
             Weighted  Weighted Average            Next Rate
Originations Average   Loan-to-Value    (F)ixed or Change or    Amortization
             Interest  Ratio            (V)ariable Maturity for Term
             Rate                                  Fixed Rate
                                                   Loans
$24,829     3.76%     65%              V          120          25 to 30 Years
8,288        3.55%     67%              V          84           30 Years
10,421       3.65%     56%              V          60           20 to 30 Years
8,117        4.02%     46%              F          180          15 Years
1,770        4.39%     44%              F          120          10 Years
$53,425     3.77%     60%                                    

Purchased credit-impaired (PCI) loans, primarily acquired as part of a
transaction with the Federal Deposit Insurance Corporation, totaled $71.4
million at March 31, 2013, as compared to $75.3 million at December 31,
2012.The Company accreted interest income of $1.5 million for the quarter
ended March 31, 2013.

The Company's securities available-for-sale portfolio totaled $1.34 billion at
March 31, 2013, compared to $1.28 billion at December 31, 2012.At March 31,
2013, $1.15 billion of the portfolio consisted of residential mortgage-backed
securities issued or guaranteed by Fannie Mae, Freddie Mac, or Ginnie Mae.The
Company also held residential mortgage-backed securities not guaranteed by
these three entities, referred to as "private label securities."The private
label securities had an amortized cost of $6.7 million and an estimated fair
value of $6.9 million at March 31, 2013.In addition to the above
mortgage-backed securities, the Company held $112.0 million in corporate bonds
which were all rated investment grade at March 31, 2013, $55.5 million of
bonds issued by Federal Home Loan Bank system and $14.4 million of equity
investments in mutual funds, which focus on investments that qualify under the
Community Reinvestment Act and money market mutual funds.

Interest-bearing deposits in other financial institutions totaled $43.3
million at March 31, 2013, as compared to $103.4 million at December 31,
2012.The decrease is primarily attributable to the purchase of securities
available-for-sale and funding of loan growth.

Total liabilities decreased $298.7 million, or 12.5%, to $2.10 billion at
March 31, 2013, from $2.40 billion at December 31, 2012.The decrease was
primarily attributable to decreases in deposits of $332.3 million and
borrowings of $19.6 million, partially offset by an increase in other
liabilities of $50.7 million.

The decrease in deposits for the quarter ended March 31, 2013 from December
31, 2012, excluding the deposits related to the second-step conversion of
$289.6 million, was $42.8 million, or 2.56%, related to decreases of $51.4
million in certificates of deposit accounts and $10.0 million in money market
accounts, partially offset by increases of $8.3 million in transaction
accounts and $10.3 million in savings accounts.

Borrowings decreased by $19.6 million, or 4.7%, to $399.5 million at March 31,
2013, from $419.1 million at December 31, 2012.Management utilizes borrowings
to mitigate interest rate risk, for short-term liquidity and to a lesser
extent as part of leverage strategies.The following is a table of term
borrowing maturities (excluding capitalized leases and short-term borrowings)
and the weighted average rate by year (dollars in thousands):

Year Amount    Weighted Avg. Rate
2013 $53,000  3.91%
2014 66,500    2.90%
2015 114,500   2.63%
2016 108,910   2.18%
2017 50,003    1.41%
2018 2,000     3.39%
    $394,913 2.57%

Total stockholders' equity increased by $329.1 million to $744.0 million at
March 31, 2013, from $414.9 million at December 31, 2012.This increase was
primarily attributable to net income of $4.8 million for the quarter ended
March 31, 2013, a $330.1 million increase related to the stock conversion net
proceeds, and $1.4 million increase related to stock award and option
plans.These increases were partially offset by a $3.9 million decrease in
accumulated other comprehensive income and dividend payments of approximately
$3.3 million.

Asset Quality

The following table details total non-performing assets, non-performing loans,
troubled debt restructurings (TDR) on which interest is accruing, and accruing
loans delinquent 30 to 89 days at March 31, 2013 and December 31, 2012.

                                                       March 31, December 31,
                                                       2013      2012
Non-accruing loans:                                              
Held-for-investment                                     $10,191  $10,348
Held-for-sale                                           --       5,325
Non-accruing loans subject to restructuring agreements:          
Held-for-investment                                     16,289    19,152
Held-for-sale                                           --       122
Total non-accruing loans                                26,480    34,947
Loans 90 days or more past due and still accruing:               
Held-for-investment                                     1,469     621
Total non-performing loans                              27,949    35,568
Other real estate owned                                 870       870
Total non-performing assets                             $28,819  $36,438
                                                                
Non-performing loans to total loans                     2.23%     2.85%
                                                                
Non-performing assets to total assets                   1.01%     1.30%
                                                                
Loans subject to restructuring agreements and still     $25,891  $25,697
accruing
                                                                
Accruing loans 30 to 89 days delinquent                 $20,589  $14,780

Total Non-accruing Loans

Total non-accruing loans decreased $8.5 million to $26.5 million at March 31,
2013, from $35.0 million at December 31, 2012.This decrease for the quarter
was primarily attributable to $5.4 million of loans held-for-sale being sold,
$697,000 of pay-offs and principal pay-downs, $96,000 of charge-offs, and the
sale of $2.9 million of loans held-for-investment.The above decreases in
non-accruing loans during the quarter ended March 31, 2013, were partially
offset by $690,000 of loans being placed on non-accrual status and advances of
$15,000.

Delinquency Status of Total Non-accruing Loans

Generally, loans are placed on non-accrual status when they become 90 days or
more delinquent, and remain on non-accrual status until they are brought
current, have a minimum of six months of performance under the loan terms, and
factors indicating reasonable doubt about the timely collection of payments no
longer exist.Therefore, loans may be current in accordance with their loan
terms, or may be less than 90 days delinquent, and still be on non-accrual
status.

The following tables detail the delinquency status of non-accruing loans
(held-for-investment and held-for-sale) at March 31, 2013, and December 31,
2012 (dollars in thousands).All delinquent loans in the following two tables
are classified as held-for-investment, with the exception of $5.4 million of
loans held-for-sale at December 31, 2012.

                               March 31, 2013
                               Days Past Due
                               0 to 29  30 to 89 90 or more Total
Real estate loans:                                        
Commercial                     $9,930  $6,095  $2,629    $18,654
One-to-four family residential 233      644      2,253      3,130
Construction and land           2,085    --      --        2,085
Multifamily                    --      --      279        279
Home equity and lines of credit 106      --      1,491      1,597
Commercial and industrial loans 449      182      104        735
Total non-accruing loans        $12,803 $6,921  $6,756    $26,480
                                                         
                               December 31, 2012
                               Days Past Due
                               0 to 29  30 to 89 90 or more Total
Real estate loans:                                        
Commercial                     $15,646 $442    $6,337    $22,425
One-to-four family residential 356      649      5,328      6,333
Construction and land           2,070    --      --        2,070
Multifamily                    --      --      1,169      1,169
Home equity and lines of credit 107      --      1,587      1,694
Commercial and industrial loans 532      --      724        1,256
Total non-accruing loans        $18,711 $1,091  $15,145   $34,947

Loans Subject to Restructuring Agreements

Included in non-accruing loans are loans subject to restructuring agreements
totaling $16.3 million and $19.3 million at March 31, 2013, and December 31,
2012, respectively.At March 31, 2013, $6.1 million, or 37.5% of the $16.3
million were not performing in accordance with their restructured terms, as
compared to $3.3 million, or 17.0%, at December 31, 2012.One relationship
accounts for $4.8 million, or 78.3%, of the $6.1 million of loans not
performing in accordance with their restructured terms at March 31, 2013. The
relationship is made of up of several loans totaling $8.1 million. The
business and collateral are located in New Jersey. The real estate collateral
consists of a first mortgage on a manufacturing facility and subordinated
mortgages on other real estate. The manufacturing facility was appraised for
$8.0 million in November 2012. Because of the nature of the collateral, the
appraiser relied on the cost and sales approaches to value. The other
collateral includes a subordinated mortgage on the primary residence of one of
the principals that was appraised for $1.7 million in November 2012 and is
subordinate to a first mortgage of less than $400,000. The loans are
personally guaranteed by the principals.

The Company also holds loans subject to restructuring agreements that are on
accrual status, which totaled $25.9 million and $25.7 million at March 31,
2013 and December 31, 2012, respectively.At March 31, 2013, $19.8 million, or
76.5% of the $25.9 million were performing in accordance with their
restructured terms, as compared to $25.7 million, or 100%, at December 31,
2012.The entire $6.1 million balance not performing in accordance with their
restructured terms at March 31, 2013 is related to one relationship which is
included in the proceeding tables related to troubled debt restructured loans
and 30-89 day delinquent loans under the heading of commercial real estate
loans. The business and collateral are located in New Jersey. The real estate
collateral consists of a first mortgage on a hotel and catering hall which was
appraised for $9.5 million in March 2013.

The following table details the amounts and categories of the loans subject to
restructuring agreements by loan type as of March 31, 2013 and December 31,
2012 (dollars in thousands).

                              At March 31, 2013       At December 31, 2012
                              Non-Accruing Accruing   Non-Accruing Accruing
Troubled debt restructurings:                                    
Real estate loans:                                               
Commercial                     $13,066   $21,321 $16,046   $21,785
One-to-four family residential 489          978        612          569
Construction and land          2,085        --        2,070        --
Multifamily                    --          2,132      --          2,041
Home equity and lines of       96           352        96           356
credit
Commercial and industrial      553          1,108      451          946
Total                          $16,289   $25,891 $19,275   $25,697
                                                                
Not performing in accordance   37.54%       23.53%     17.04%       0.00%
withrestructured terms

Loans 90 Days or More Past Due and Still Accruing and Other Real Estate Owned

Loans 90 days or more past due and still accruing increased $848,000 to $1.5
million at March 31, 2013, from $621,000 at December 31, 2012, and primarily
consist of residential loans.Loans 90 days or more past due and still
accruing at March 31, 2013, are considered well-secured and in the process of
collection.

Other real estate owned was $870,000 at both March 31, 2013 and December 31,
2012, respectively.

Delinquency Status of Accruing Loans 30-89 Days Delinquent

Loans 30 to 89 days delinquent and on accrual status at March 31, 2013 totaled
$20.6 million, an increase of $5.8 million from the December 31, 2012, balance
of $14.8 million.The following tables set forth delinquencies for accruing
loans by type and by amount at March 31, 2013, and December 31, 2012 (dollars
in thousands).

                               March 31, 2013 December 31, 2012
Real estate loans:                            
Commercial                      $8,247        $4,736
One-to-four family residential  7,241          5,584
Construction and land           611            159
Multifamily                     2,742          2,731
Home equity and lines of credit 247            44
Commercial and industrial loans 1,467          1,467
Other loans                     34             59
Total delinquent accruing loans $20,589       $14,780

The increase of $5.8 million in loans 30 to 89 days delinquent and on accrual
status is primarily attributed to one $6.1 million relationship, as discussed
above, and acquired loans of $2.2 million, partially offset by payments to
bring loans current.

PCI Loans (Held-for-Investment)

At March 31, 2013, based on recorded contractual principal, 8.9% of PCI loans
were past due 30 to 89 days, and 12.5% were past due 90 days or more, as
compared to 5.4% and 11.6%, respectively, at December 31, 2012.

Results of Operations

Comparison of Operating Results for the Three Months Ended March 31, 2013 and
2012

Net income was $4.8 million and $4.9 million for the quarters ended March 31,
2013, and 2012, respectively.Significant variances from the comparable prior
year period are as follows: a $1.8 million increase in net interest income, a
$338,000 decrease in the provision for loan losses, a $719,000 decrease in
non-interest income, a $1.7 million increase in non-interest expense, and a
$109,000 decrease in income tax expense.

Net interest income for the quarter ended March 31, 2013, increased $1.8
million, or 10.9%, as the $280.3 million increase in our net interest-earning
assets more than offset the 13 basis point decrease in our net interest margin
to 2.91%.The increase in average interest-earning assets was due primarily to
increases in average loans outstanding of $177.2 million, mortgage-backed
securities of $190.9 million and in deposits in financial institutions of
$27.6 million, partially offset by a decrease in other securities of $17.9
million.The March 31, 2013, quarter included loan prepayment income of
$490,000 compared to $188,000 for the quarter ended March 31, 2012.Rates paid
on interest-bearing liabilities decreased 28 basis points to 1.00% for the
current quarter as compared to 1.28% for the prior year comparable
period.This was offset by a 44 basis point decrease in yields earned on
interest earning assets to 3.65% for the current quarter ended March 31, 2013,
as compared to 4.09% for the comparable quarter in 2012.

The provision for loan losses decreased $338,000, or 55.0%, to $277,000 for
the quarter ended March 31, 2013 from $615,000 for the quarter ended March 31,
2012.The decrease in the provision for loan losses was due primarily to a
decrease in originated loan growth, excluding the sale of premium finance
loans. Loans grew $16.6 million for the quarter ended March 31, 2013, as
compared to $26.8 million during the quarter ended March 31, 2012, as well as
a decrease in non-performing loans during the quarter ended March 31,
2013.During the quarter ended March 31, 2013, the Company recorded net
charge-offs of $385,000 compared to net charge-offs of $351,000 for the
quarter ended March 31, 2012.

Non-interest income decreased $719,000, or 18.1%, to $3.3 million for the
quarter ended March 31, 2013 from $4.0 million for the quarter ended March 31,
2012.This decrease was primarily a result of a $324,000 decrease in gain on
securities transactions, net, and a $278,000 decrease in other income.
Securities gains in the first quarter of 2013 included $243,000 related to the
Company's trading portfolio, while the first quarter of 2012 included
securities gains of $396,000 related to the Company's trading portfolio.The
trading portfolio is utilized to fund the Company's deferred compensation
obligation to certain employees and directors of the plan.The participants of
this plan, at their election, defer a portion of their compensation.Gains and
losses on trading securities have no effect on net income since participants
benefit from, and bear the full risk of changes in the trading securities
market values.Therefore, the Company records an equal and offsetting amount
in compensation expense, reflecting the change in the Company's obligations
under the plan.

Non-interest expense increased $1.7 million, or 13.6%, for the quarter ended
March 31, 2013 compared to the quarter ended March 31, 2012. This is due
primarily to a $625,000 increase in compensation and employee benefits which
is related to increased staff due to branch openings, the Flatbush Federal
Bancorp, Inc. merger (the Merger), and to a lesser extent salary adjustments
effective January 1, 2013, partially offset by a decrease of $153,000 in
expense related to the Company's deferred compensation plan which is described
above, and had no effect on net income. Additionally, there is a $437,000
increase in occupancy expense primarily related to new branches, the Merger,
and the renovation of existing branches, a $513,000 increase in data
processing fees as a result of data conversion charges related to the Merger,
and a $164,000 increase in other expenses partially offset by an $112,000
decrease in professional fees.

The Company recorded income tax expense of $2.6 million for the quarter ended
March 31, 2013 compared to $2.7 million for the quarter ended March 31,
2012.The effective tax rate for the quarter ended March 31, 2013 was 35.1%,
as compared to 35.3% for the quarter ended March 31, 2012.

Comparison of Operating Results for the Three Months Ended March 31, 2013, and
December 31, 2012

Net income was $4.8 million and $3.2 million for the quarters ended March 31,
2013, and December 31, 2012, respectively.Significant variances from the
comparable period are as follows: an $807,000 increase in net interest income,
a $1.6 million decrease in the provision for loan losses, a $1.8 million
increase in non-interest income, a $1.8 million increase in non-interest
expense, and an $800,000 increase in income tax expense.

Net interest income for the quarter ended March 31, 2013, increased $807,000,
or 4.5%, as the $249.9 million increase in our net interest-earning assets
more than offset the five basis point decrease in our net interest margin to
2.91%.The increase in average interest-earning assets was due primarily to
increases in average loans outstanding of $56.2 million, mortgage-backed
securities of $97.7 million, other securities of $17.6 million, and deposits
in financial institutions of $33.0 million.The March 31, 2013, quarter
included loan prepayment income of $490,000 compared to $559,000 for the
quarter ended December 31, 2012.Rates paid on interest-bearing liabilities
decreased nine basis points to 1.00% for the current quarter as compared to
1.09% for the comparable period.This was offset by a 20 basis point decrease
in yields earned on interest earning assets to 3.65% for the current quarter
ended March 31, 2013, as compared to 3.85% for the fourth quarter in 2012.

The provision for loan losses decreased $1.6 million, or 85.2%, to $277,000
for the quarter ended March 31, 2013 from $1.9 million for the quarter ended
December 31, 2012.The decrease in the provision for loan losses was due
primarily to a decrease in net charge-offs, from $2.5 million for the quarter
ended December 31, 2012 to $385,000 for the quarter ended March 31, 2013, and
a decrease in non-performing loans during the quarter ended March 31, 2013.

Non-interest income increased $1.8 million, or 121.3%, to $3.3 million for the
quarter ended March 31, 2013 from $1.5 million for the quarter ended December
31, 2012.This increase was primarily a result of a $1.8 million increase in
gain on securities transactions, net. Securities gains in the first quarter of
2013 included $243,000 related to the Company's trading portfolio, while the
fourth quarter of 2012 included securities losses of $72,000 related to the
Company's trading portfolio.The trading portfolio is utilized to fund the
Company's deferred compensation obligation to certain employees and directors
of the plan.The participants of this plan, at their election, defer a portion
of their compensation.Gains and losses on trading securities have no effect
on net income since participants benefit from, and bear the full risk of
changes in the trading securities market values.Therefore, the Company
records an equal and offsetting amount in compensation expense, reflecting the
change in the Company's obligations under the plan.

Non-interest expense increased $1.8 million, or 14.7%, for the quarter ended
March 31, 2013 compared to the quarter ended December 31, 2012, due primarily
to a $697,000 increase in compensation and employee benefits, of which
$315,000 was related which is related to the Company's deferred compensation
plan which is described above and had no effect on net income, increases in
payroll taxes, and to a lesser extent salary adjustments effective January 1,
2013, a $440,000 increase in occupancy expense primarily related to increased
rents related to the Merger, a full quarter of amortization of leasehold
improvements for branch opened in December of 2012, and cost incurred for snow
removal, and a $686,000 increase in data processing fees as a result of data
conversion charges related to the Merger.

The Company recorded income tax expense of $2.6 million for the quarter ended
March 31, 2013 compared to $1.8 million for the quarter ended December 31,
2012.The effective tax rate for the quarter ended March 31, 2013 was 35.1%,
as compared to 35.5% for the quarter ended December 31, 2012.

About Northfield Bank

Northfield Bank, founded in 1887, operates 30 full service banking offices in
Staten Island and Brooklyn, New York and Middlesex and Union counties, New
Jersey.For more information about Northfield Bank, please visit
www.eNorthfield.com.

Forward-Looking Statements: This release may contain certain "forward looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995, and may be identified by the use of such words as "may," "believe,"
"expect," "anticipate," "should," "plan," "estimate," "predict," "continue,"
and "potential" or the negative of these terms or other comparable
terminology.Examples of forward-looking statements include, but are not
limited to, estimates with respect to the financial condition, results of
operations and business of Northfield Bancorp, Inc.Any or all of the
forward-looking statements in this release and in any other public statements
made by Northfield Bancorp, Inc. may turn out to be wrong.They can be
affected by inaccurate assumptions Northfield Bancorp, Inc. might make or by
known or unknown risks and uncertainties as described in our SEC filings,
including, but not limited to, those related to general economic conditions,
particularly in the market areas in which the Company operates, competition
among depository and other financial institutions, changes in laws or
government regulations or policies affecting financial institutions, including
changes in regulatory fees and capital requirements, inflation and changes in
the interest rate environment that reduce our margins or reduce the fair value
of financial instruments, our ability to successfully integrate acquired
entities, if any, and adverse changes in the securities markets.Consequently,
no forward-looking statement can be guaranteed.Northfield Bancorp, Inc. does
not intend to update any of the forward-looking statements after the date of
this release, or conform these statements to actual events.

                              (Tables to follow)


NORTHFIELD BANCORP, INC.
SELECTED CONSOLIDATED FINANCIAL AND OTHER DATA
(Dollars in thousands, except per share amounts)
                                                           
                                                           
                                                           
                                             At            At
                                             March 31, 2013 December 31, 2012
                                             (unaudited)    
Selected Financial Condition Data:                          
Total assets                                  $2,843,630    $2,813,201
Cash and cash equivalents                     65,919         128,761
Trading securities                            5,161          4,677
Securities available-for-sale, at estimated   1,336,772      1,275,631
fair value
Securities held-to-maturity                   --            2,220
Loans held-for-sale                           --            5,447
Loans held-for-investment:                                  
Purchased credit-impaired (PCI) loans ^(1)    71,406         75,349
Loans acquired                               97,038         101,433
Originated loans, net                         1,085,526      1,066,200
Total loans held-for-investment, net          1,253,970      1,242,982
Allowance for loan losses                     (26,316)       (26,424)
Net loans held-for-investment                 1,227,654      1,216,558
Non-performing loans:                                       
Held-for-investment^(2)                       27,949         30,121
Held-for-sale^(2)                             --            5,447
Total non-performing loans                    27,949         35,568
                                                           
Other real estate owned                       870            870
Bank owned life insurance                     93,614         93,042
Federal Home Loan Bank of New York stock, at  11,679         12,550
cost
                                                           
Borrowed funds                                399,504        419,122
Deposits                                      1,624,554      1,956,860
Total liabilities                            2,099,602      2,398,328
Total stockholders' equity                    $744,028      $414,873
                                                           
Total shares outstanding                      58,202,819     41,486,819
                                                           
Tangible book value per share ^(10)           $12.49        NM


NORTHFIELD BANCORP, INC.
SELECTED CONSOLIDATED FINANCIAL AND OTHER DATA
(Dollars in thousands, except per share amounts)(unaudited)
                                                               
                                                               
                                               Three Months Ended
                                               March 31,         December 31,
                                               2013     2012     2012
Selected Operating Data:                                        
Interest income                                 $23,516 $22,739 $23,350
Interest expense                                4,751    5,814    5,392
Net interest income before provision for loan   18,765   16,925   17,958
losses
Provision for loan losses                       277      615      1,875
Net interest income after provision for loan    18,488   16,310   16,083
losses
Non-interest income:                                            
Non-interest income                             3,256    3,975    1,471
Non-interest expense                            14,366   12,642   12,527
Income before income tax expense                7,378    7,643    5,027
Income tax expense                              2,586    2,695    1,786
Net income                                      $4,792  $4,948  $3,241
                                                               
Basic earnings per share ^(3)                   $0.09   $0.09   $0.06
Diluted earnings per share ^(3)                 $0.09   $0.09   $0.06


NORTHFIELD BANCORP, INC.
SELECTED CONSOLIDATED FINANCIAL AND OTHER DATA
(Dollars in thousands, except per share amounts)(unaudited)
                                                           
                                                           
                                    At or For the Three Months Ended
                                    March 31,               December 31,
                                    2013         2012        2012
Selected Financial Ratios:                                  
Performance Ratios^(4):                                     
Return on assets (ratio of net       0.69%        0.84%       0.50%
income to average total assets)
Return on equity (ratio of net       2.94         5.18        3.16
income to average equity)
Average equity to average total      23.52        16.15       15.78
assets
Interest rate spread                 2.65         2.81        2.76
Net interest margin                  2.91         3.04        2.96
Efficiency ratio^(5)                 65.24        60.49       64.48
Non-interest expense to average      2.07         2.14        1.93
total assets
Average interest-earning assets to   136.28       122.82      122.70
average interest-bearing liabilities
Asset Quality Ratios:                                       
Non-performing assets to total       1.01         1.77        1.30
assets
Non-performing loans to total loans  2.23         3.85        2.85
^(6)
Originated non-performing loans to   2.50         4.19        2.98
originated loans ^(7)
Allowance for loan losses to
originated non-performing loans      97.13        67.62       87.73
held-for-investment ^(8)
Allowance for loan losses to total   2.10         2.60        2.13
loans held-for-investment, net ^(9)
Allowance for loan losses to
originated loans                     2.42         2.83        2.48
held-for-investment, net ^(7)
Annualized net charge-offs to total  0.13         0.13        0.85
average loans
Provision for loan losses as a       0.72 x       1.75 x      0.74 x
multiple of net charge-offs
                                                           
(1) Primarily acquired from the Federal Deposit Insurance Corporation.
(2) Non-performing loans consist of non-accruing loans and loans 90 days or
more past due and still accruing, and are included in total loans
held-for-investment, net and non-performing loans held-for-sale.
(3) Basic net income per common share is calculated based on 54,908,035 and
54,218,701 average shares outstanding for the three months ended March 31,
2013, and March 31, 2012, respectively.Diluted earnings per share is
calculated based on 55,786,537 and 54,913,604 average shares outstanding for
the three months ended March 31, 2013 and March 31, 2012, respectively.Basic
net income per common share is calculated based on 55,133,655 average shares
outstanding for the three months ended December 31, 2012.Diluted earnings per
share is calculated based on 56,072,356 average shares outstanding for the
three months ended December 31, 2012.The share amounts have been restated as
a result of the completion of the second-step conversion at a ratio of 1.4029
to 1.
(4) Annualized when appropriate.
(5) The efficiency ratio represents non-interest expense divided by the sum of
net interest income and non-interest income.
(6) Includes originated loans held-for-investment, PCI loans, acquired loans
and non-performing loans held-for-sale.
(7) Excludes PCI and acquired loans held-for-investment.
(8) Excludes nonperforming loans held-for-sale, carried at lower of cost or
estimated fair value, less costs to sell.
(9) Includes PCI and acquired loans held-for-investment.
(10) Represents total stockholders' equity less goodwill and other intangibles
divided by shares outstanding. Tangible book value per share is not meaningful
for the period prior to completion of the second step conversion on January
24, 2013.


NORTHFIELD BANCORP, INC.
ANALYSIS OF NET INTEREST INCOME
(Dollars in thousands)
                                                                                                    
                                                                                                    
                             For the Quarter Ended
                             March 31, 2013               December 31, 2012            March 31, 2012
                              Average              Average Average              Average Average              Average
                             Outstanding Interest Yield/  Outstanding Interest Yield/  Outstanding Interest Yield/
                              Balance              Rate    Balance              Rate    Balance              Rate
                                                   (1)                          (1)                          (1)
                                                                                                    
Interest-earning assets:                                                                             
Loans (5)                     $1,239,140 $16,487 5.4.0%  $1,182,946 $16,327 5.49%   $1,061,927 $15,150 5.74%
Mortgage-backed securities   1,176,998   6,392    2.20    1,079,291   6,373    2.35    986,110     6,776    2.76
Other securities             110,261     441      1.62    92,672      486      2.09    128,171     653      2.05
Federal Home Loan Bank of New 11,895      156      5.32    13,596      156      4.56    12,703      142      4.50
York stock
Interest-earning deposits in  75,668      40       0.21    42,713      8        0.07    48,035      18       0.15
financial institutions
Total interest-earning       2,613,962   23,516   3.65    2,411,218   23,350   3.85    2,236,946   22,739   4.09
assets
Non-interest-earning assets  194,041                    174,435                    144,237             
Total assets                 $2,808,003                $2,585,653                $2,381,183         
                                                                                                    
Interest-bearing liabilities:                                                                        
Savings, NOW, and money       $1,055,590 $887    0.34    $1,012,941 $1,119  0.44    $862,812   $1,096  0.51
market accounts
Certificates of deposit      457,821     1,251    1.11    489,003     1,286    1.05    476,282     1,428    1.21
Total interest-bearing        1,513,411   2,138    0.57    1,501,944   2,405    0.64    1,339,094   2,524    0.76
deposits
Borrowed funds                404,638     2,613    2.62    463,254     2,987    2.57    482,238     3,290    2.74
Total                        1,918,049   4,751    1.00    1,965,198   5,392    1.09    1,821,332   5,814    1.28
interest-bearingliabilities
Non-interest bearing deposit  204,854                    193,217                    160,233             
accounts
Accrued expenses and other    24,543                     19,094                     15,145              
liabilities
Total liabilities            2,147,446                  2,177,509                  1,996,710           
Stockholders' equity         660,557                    408,144                    384,473             
Total liabilities and         $2,808,003                $2,585,653                $2,381,183         
stockholders' equity
                                                                                                    
Net interest income                     $18,765                   $17,958                   $16,925 
Net interest rate spread (2)                    2.64%                      2.76%                      2.81%
Net interest-earning assets   $695,913                  $446,020                  $415,614           
(3)
Net interest margin (4)                         2.91%                      2.96%                      3.04%
Average interest-earning
assets to interest-bearing                       136.28%                    122.70%                    122.82%
liabilities
                                                                                                    
(1) Average yields and rates are annualized.
(2) Net interest rate spread represents the difference between the weighted average yield on interest-earning
assets and the weighted average cost of interest-bearing liabilities.
(3) Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.
(4) Net interest margin represents net interest income divided by average total interest-earning assets.
(5) Includes non-accruing loans.

CONTACT: William R. Jacobs
         Chief Financial Officer
         Tel: (732) 499-7200 ext. 2519

Northfield Bancorp, Inc.
 
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