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Columbia Financial (CLBK) Company Overview

Profile

Full Name:

Columbia Financial, Inc.

Country:

United States

IPO:

April 23, 2018

Indexes:

Not included

Description:

CLBK, or Columbia Financial, is a bank based in the United States. It offers various financial services, including personal and business banking, loans, and investment options. The bank focuses on serving local communities and providing customer-friendly solutions to meet their financial needs.

Key Details

Price

$16.27

Annual Revenue

$179.88 M(-22.88% YoY)

Annual EPS

-$0.11(-131.43% YoY)

Beta

0.99

Events Calendar

Earnings

Next earnings date:

Apr 30, 2025

Recent quarterly earnings:

Jan 28, 2025

Recent annual earnings:

Jan 28, 2025
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

May 1, 24 Piper Sandler
Neutral
Mar 26, 24 Piper Sandler
Neutral
Jan 26, 24 Piper Sandler
Neutral
Oct 26, 23 Piper Sandler
Neutral
Oct 11, 23 Janney Montgomery Scott
Buy
Jul 28, 22 Piper Sandler
Neutral
Apr 28, 22 Compass Point
Neutral
Dec 2, 21 Piper Sandler
Overweight
Oct 30, 20 Piper Sandler
Neutral
Sep 28, 20 Piper Sandler
Overweight

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Columbia Financial (CLBK) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Columbia Financial (CLBK) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Columbia Financial (CLBK) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
CLBK
zacks.comJanuary 28, 2025

The headline numbers for Columbia Financial (CLBK) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Columbia Financial (CLBK) Beats Q4 Earnings and Revenue Estimates
Columbia Financial (CLBK) Beats Q4 Earnings and Revenue Estimates
Columbia Financial (CLBK) Beats Q4 Earnings and Revenue Estimates
CLBK
zacks.comJanuary 28, 2025

Columbia Financial (CLBK) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.09 per share a year ago.

Columbia Financial, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2024
Columbia Financial, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2024
Columbia Financial, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2024
CLBK
globenewswire.comJanuary 28, 2025

FAIR LAWN, N.J., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK), the mid-tier holding company for Columbia Bank ("Columbia"), reported a net loss of $21.2 million, or $0.21 per basic and diluted share, for the quarter ended December 31, 2024, as compared to net income of $6.6 million, or $0.06 per basic and diluted share, for the quarter ended December 31, 2023. The net loss for the quarter ended December 31, 2024 reflected lower non-interest income mainly due to the previously disclosed balance sheet repositioning transaction. As part of the Company's strategy to improve future earnings and expand its net interest margin, the Company sold $352.3 million of debt securities available for sale during the fourth quarter of 2024, and the proceeds from the sale were used to fund loan growth of $72.9 million, purchase $78.1 million of higher yielding debt securities and prepay $170.0 million of higher cost borrowings. This balance sheet repositioning transaction resulted in a pre-tax loss on the sale of securities and extinguishment of debt of $37.9 million. The quarter ended December 31, 2024 results also reflected a higher provision for credit losses, partially offset by higher net interest income, mainly due to an increase in interest income, lower non-interest expense and lower income tax expense. For the quarter ended December 31, 2024, the Company reported core net income of $11.4 million, an increase of $1.3 million, or 12.4%, compared to core net income of $10.1 million for the quarter ended December 31, 2023. The benefit of the balance sheet repositioning transaction was modest during the fourth quarter, as the settlement of the transaction occurred late in the quarter. (Refer to "Reconciliation of GAAP to Non-GAAP Financial Measures" for a reconciliation of GAAP net income to core net income.)

Here's Why Columbia Financial (CLBK) is Poised for a Turnaround After Losing -11.12% in 4 Weeks
Here's Why Columbia Financial (CLBK) is Poised for a Turnaround After Losing -11.12% in 4 Weeks
Here's Why Columbia Financial (CLBK) is Poised for a Turnaround After Losing -11.12% in 4 Weeks
CLBK
zacks.comJanuary 3, 2025

Columbia Financial (CLBK) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

What Makes Columbia Financial (CLBK) a New Buy Stock
What Makes Columbia Financial (CLBK) a New Buy Stock
What Makes Columbia Financial (CLBK) a New Buy Stock
CLBK
zacks.comJanuary 2, 2025

Columbia Financial (CLBK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Columbia Financial, Inc. Announces Repositioning of Balance Sheet
Columbia Financial, Inc. Announces Repositioning of Balance Sheet
Columbia Financial, Inc. Announces Repositioning of Balance Sheet
CLBK
globenewswire.comDecember 5, 2024

FAIR LAWN, N.J., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK) the holding company for Columbia Bank (the “Bank”) announced a repositioning of the Company's balance sheet.

Why Columbia Financial (CLBK) Might be Well Poised for a Surge
Why Columbia Financial (CLBK) Might be Well Poised for a Surge
Why Columbia Financial (CLBK) Might be Well Poised for a Surge
CLBK
zacks.comOctober 30, 2024

Columbia Financial (CLBK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Columbia Financial, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2024
Columbia Financial, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2024
Columbia Financial, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2024
CLBK
globenewswire.comOctober 24, 2024

FAIR LAWN, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK), the mid-tier holding company for Columbia Bank ("Columbia"), reported net income of $6.2 million, or $0.06 per basic and diluted share, for the quarter ended September 30, 2024, as compared to $9.1 million, or $0.09 per basic and diluted share, for the quarter ended September 30, 2023. The income for the quarter ended September 30, 2024 reflected lower net interest income, mainly due to an increase in interest expense, and higher provision for credit losses, partially offset by higher non-interest income and lower income tax expense.

Columbia Financial, Inc. Announces Completion of Merger of Freehold Bank Into Columbia Bank
Columbia Financial, Inc. Announces Completion of Merger of Freehold Bank Into Columbia Bank
Columbia Financial, Inc. Announces Completion of Merger of Freehold Bank Into Columbia Bank
CLBK
globenewswire.comOctober 7, 2024

FAIR LAWN, N.J., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (Nasdaq: CLBK) (the “Company”), the mid-tier holding company for Columbia Bank, announced today the completion of the merger of Freehold Bank with and into Columbia Bank, effective as of October 5, 2024. Prior to the bank merger, Freehold Bank and Columbia Bank were held and operated as separate subsidiaries of the Company.

Columbia Financial Gets Regulatory Nod to Merge Freehold Bank
Columbia Financial Gets Regulatory Nod to Merge Freehold Bank
Columbia Financial Gets Regulatory Nod to Merge Freehold Bank
CLBK
zacks.comAugust 27, 2024

CLBK receives regulatory approvals to complete the Freehold Bank merger into Columbia Bank.

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FAQ

  • What is the ticker symbol for Columbia Financial?
  • Does Columbia Financial pay dividends?
  • What sector is Columbia Financial in?
  • What industry is Columbia Financial in?
  • What country is Columbia Financial based in?
  • When did Columbia Financial go public?
  • Is Columbia Financial in the S&P 500?
  • Is Columbia Financial in the NASDAQ 100?
  • Is Columbia Financial in the Dow Jones?
  • When was Columbia Financial's last earnings report?
  • When does Columbia Financial report earnings?
  • Should I buy Columbia Financial stock now?

What is the ticker symbol for Columbia Financial?

The ticker symbol for Columbia Financial is NASDAQ:CLBK

Does Columbia Financial pay dividends?

No, Columbia Financial does not pay dividends

What sector is Columbia Financial in?

Columbia Financial is in the Financial Services sector

What industry is Columbia Financial in?

Columbia Financial is in the Banks - Regional industry

What country is Columbia Financial based in?

Columbia Financial is headquartered in United States

When did Columbia Financial go public?

Columbia Financial's initial public offering (IPO) was on April 23, 2018

Is Columbia Financial in the S&P 500?

No, Columbia Financial is not included in the S&P 500 index

Is Columbia Financial in the NASDAQ 100?

No, Columbia Financial is not included in the NASDAQ 100 index

Is Columbia Financial in the Dow Jones?

No, Columbia Financial is not included in the Dow Jones index

When was Columbia Financial's last earnings report?

Columbia Financial's most recent earnings report was on Jan 28, 2025

When does Columbia Financial report earnings?

The next expected earnings date for Columbia Financial is Apr 30, 2025

Should I buy Columbia Financial stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions