Welcome to our dedicated page for Columbia Financ news (Ticker: CLBK), a resource for investors and traders seeking the latest updates and insights on Columbia Financ stock.
Columbia Financial, Inc. (NASDAQ: CLBK) is the mid-tier holding company for Columbia Bank, a federally chartered savings bank headquartered in Fair Lawn, New Jersey. This news page aggregates company-issued press releases and other coverage so readers can follow developments affecting the bank’s operations, financial performance, and corporate actions.
Recent news from Columbia Financial, Inc. has focused on quarterly and annual financial results, highlighting trends in net interest income, net interest margin, funding costs, provision for credit losses, and non-interest income and expense. Management commentary in these releases discusses how changes in market interest rates, balance sheet repositioning transactions, and deposit and loan growth have influenced earnings over time.
The company also issues news about strategic initiatives, such as balance sheet repositioning designed to sell lower-yielding securities, purchase higher-yielding securities, fund loan growth, and prepay higher-cost borrowings. These announcements explain the expected impact on future earnings, net interest margin, and reliance on wholesale funding, as well as implications for regulatory capital ratios.
Corporate governance and organizational updates appear in the news flow as well, including executive appointments and departures and the completion of mergers. For example, Columbia Financial, Inc. has reported the merger of Freehold Bank into Columbia Bank and related board changes, along with announcements about senior leadership roles.
Capital management actions, such as authorization of stock repurchase programs, are another recurring topic. The company has disclosed board-approved repurchase programs, including details on authorized share amounts, regulatory non-objection, permitted transaction types, and program duration.
Investors and observers can use this news page to review how Columbia Financial, Inc. describes its operating environment, strategic decisions, and financial results over time, using the company’s own disclosures as a primary source of information.
Columbia Financial (NASDAQ: CLBK) agreed to acquire Northfield Bancorp (NASDAQ: NFBK) in a transaction valued at approximately $597 million, creating a pro forma regional bank with $18 billion in assets (as of 12/31/2025).
Columbia will pursue a second-step conversion: an offering at $10.00 per share, cancellation of ~73.1% of current shares held by the mutual holding company, and depositors with qualifying 12/31/2024 balances receiving priority subscription rights. Northfield shareholders may elect stock (tiered exchange ratios tied to an Independent Valuation) or cash ($14.25–$14.65), with a maximum of 30% cash. Transaction expected to close early Q3 2026, subject to regulatory and holder approvals; Columbia forecasts ~50% EPS accretion in 2027 at the midpoint of valuation assumptions.
Columbia Financial (NASDAQ: CLBK) reported strong 2025 results: Q4 net income $15.7M ($0.15 per share) and 2025 net income $51.8M ($0.51 per share). Core net income rose to $15.9M in Q4 and $53.0M for the year. Net interest margin expanded 48 bps in Q4 and 42 bps for the year; loans increased $375.1M (4.7%). Results reflected higher net interest income, lower provision for credit losses, higher noninterest income (net of a 2024 securities loss) and higher income tax expense.
Columbia Financial (NASDAQ: CLBK) on Jan 29, 2026 promoted Dennis E. Gibney to First Senior Executive Vice President and Chief Banking Officer and appointed Thomas Splaine Jr. as Executive Vice President and Chief Financial Officer, effective immediately.
Gibney will add legal, commercial banking, consumer banking and technology oversight to his finance, credit and special assets responsibilities. The company cited Gibney’s role since 2014 and its asset growth from $5 billion to more than $10 billion and four acquisitions over five years.
Columbia Financial (NASDAQ: CLBK) reported net income of $14.9M or $0.15 per share for Q3 2025, versus $6.2M, or $0.06 per share, in Q3 2024. For the nine months ended Sept 30, 2025, net income was $36.1M or $0.35 per share, versus $9.6M, or $0.09 per share, a rise driven by higher net interest income, lower provision for credit losses and higher non‑interest income.
Key metrics: net interest income Q3 of $57.4M (+26.7% YoY), net interest margin 2.29% (Q3 2025) up 45 bps YoY, loan growth Q3 of $97.1M (~4.8% annualized), Board authorized 1,800,000 share repurchase (183,864 shares bought in Sept 2025), and non‑performing assets to assets of 0.30%.
Columbia Financial (Nasdaq: CLBK) has announced its seventh stock repurchase program, authorizing the buyback of up to 1.8 million shares, representing approximately 1.7% of the company's outstanding common stock. The program, approved by the Federal Reserve Bank of Philadelphia, will be effective for one year.
The repurchases can be executed through open market transactions, private dealings, or via Rule 10b5-1 trading plans. The timing and volume of share repurchases will be influenced by various factors including price, regulatory requirements, market conditions, and the company's liquidity needs.
Columbia Financial (NASDAQ: CLBK) reported strong Q2 2025 financial results, with net income reaching $12.3 million ($0.12 per share), a significant increase from $4.5 million ($0.04 per share) in Q2 2024.
Key highlights include a 21.8% increase in net interest income to $53.7 million, driven by higher interest income and lower interest expenses. The company's net interest margin improved by 38 basis points to 2.19%. Total assets grew by 2.5% to $10.7 billion, with loans receivable increasing by $254.1 million.
The company demonstrated improved operational efficiency with a 2.9% decrease in non-interest expenses and experienced solid loan growth, including the purchase of $130.9 million in commercial equipment finance loans. The provision for credit losses decreased by 27.7% to $5.4 million, reflecting improved credit quality.
Columbia Financial reported strong Q1 2025 results with net income of $8.9 million ($0.09 per share), compared to a net loss of $1.2 million in Q1 2024. The company's performance showed significant improvement with:
Net interest income increased by $8.1 million to $50.3 million, driven by higher interest income and lower interest expenses. The net interest margin expanded by 36 basis points to 2.11%. Total assets grew to $10.6 billion, up $132.4 million from December 2024.
Key highlights include:
- Loan portfolio grew to $8.0 billion
- Deposits increased by $98.8 million to $8.2 billion
- Credit quality remained stable with non-performing loans at 0.31% of total gross loans
- Strong liquidity position with access to $2.8 billion in funding
The company's successful balance sheet repositioning strategy implemented in Q4 2024 contributed to reduced funding costs and improved margins.
Columbia Financial (NASDAQ: CLBK) reported a net loss of $21.2 million ($0.21 per share) for Q4 2024, compared to net income of $6.6 million ($0.06 per share) in Q4 2023. The loss primarily resulted from a strategic balance sheet repositioning transaction where the company sold $352.3 million of debt securities, resulting in a pre-tax loss of $37.9 million.
The company's core net income increased by 12.4% to $11.4 million in Q4 2024. Net interest income rose by $1.1 million to $46.4 million, while the net interest margin improved slightly to 1.88%. For the full year 2024, the company reported a net loss of $11.7 million ($0.11 per share), compared to net income of $36.1 million in 2023.
Total assets decreased by $170.1 million to $10.5 billion, with loans receivable increasing by $37.5 million to $7.9 billion. The company's strategic repositioning aims to improve future earnings and expand net interest margin.
Columbia Financial (NASDAQ: CLBK) announced a strategic balance sheet repositioning, selling $321 million of available-for-sale debt securities with a 1.53% weighted average book yield. The proceeds were allocated to: $85 million in loan growth, $66 million in higher-yielding debt securities, and $170 million to prepay high-cost borrowings.
The transaction resulted in a $38 million pre-tax loss but is expected to be immediately accretive to net interest income and neutral to tangible book value per share. The company projects a 24% increase in 2025 earnings and a 15 basis points expansion in net interest margin compared to current analyst consensus. The estimated payback period is 3.1 years.
Post-transaction, the company maintains strong regulatory capital ratios, with total capital to risk-weighted assets at 13.87% and tier 1 leverage capital ratio at 9.99%.
Columbia Financial (Nasdaq: CLBK) has appointed Matthew Smith as Senior Executive Vice President and Chief Operating Officer, effective November 25, 2024. Smith replaces E. Thomas Allen, Jr., who will retire on January 31, 2025. Smith previously served as Chief Digital Banking Officer at Webster Bank and held leadership positions at Sterling National Bank. The appointment aims to drive innovation and growth in banking operations, maintaining the company's commitment to providing quality services to customers.
FAQ
What is the current stock price of Columbia Financ (CLBK)?
What is the market cap of Columbia Financ (CLBK)?
