Columbia Financial, Inc. filings document material events for the holding company of Columbia Bank, including furnished earnings releases, Regulation FD presentation materials, governance updates and capital-structure disclosures. Recent 8-K filings record operating and financial results, executive appointments, officer-designation matters and board succession disclosures involving the company and its wholly owned bank subsidiary.
The filing record also covers shareholder voting matters, material agreements and corporate-governance items that relate to Columbia Financial’s public-company reporting obligations. These disclosures connect the company’s banking operations with formal records on financial performance, management responsibilities, board composition and securities-related actions.
Columbia Financial, Inc. entered into an Agency Agreement with Keefe, Bruyette & Woods (KBW) to help sell its common stock in subscription and community offerings and to act as lead-left bookrunning manager for any firm commitment underwritten offering.
KBW will earn a 1.0% fee on the aggregate purchase price of shares sold in the subscription offering and 2.0% on shares sold in the community offering, excluding purchases by insiders, their families, personal trusts, and employee benefit plans. For any firm commitment underwritten offering, underwriters will receive tiered discounts based on proceeds, ranging from up to 5% for proceeds under $300 million to up to 3.15% for proceeds above $700 million. The shares are being offered under a Form S-1 registration statement with a related prospectus dated May 11, 2026.
Columbia Financial, Inc. is moving ahead with a major restructuring and acquisition. A newly formed Maryland holding company, also named Columbia Financial, Inc., plans to begin a common stock offering on or about May 21, 2026 as part of a second-step conversion of Columbia Bank MHC from mutual to full stock form.
The new entity is offering up to 192,625,000 shares of common stock at $10.00 per share, with at least 142,375,000 shares required to complete the conversion and offering. Shares will be sold first to eligible depositors, certain borrowers and the employee stock ownership plan, then potentially to the public through community and underwritten offerings.
The company and its bank have received all necessary approvals to commence the offering and have obtained conditional approval from the Federal Reserve and the Office of the Comptroller of the Currency to acquire Northfield Bancorp, Inc. and Northfield Bank immediately after the conversion closes, subject to shareholder and member approvals and customary conditions.
Columbia Financial, Inc. reported stronger quarterly results and detailed a planned corporate reorganization with an acquisition. For the three months ended March 31, 2026, net income rose to $13.1 million from $8.9 million, with diluted EPS increasing to $0.13 from $0.09. Net interest income grew to $60.4 million while the provision for credit losses declined to $1.0 million. Total assets were $11.0 billion, including $8.21 billion of gross loans and $8.37 billion of deposits. Asset quality remained manageable with non-accrual loans of $41.4 million and an allowance for credit losses on loans of $68.8 million. The company also recorded an other comprehensive loss of $1.9 million driven largely by unrealized losses on securities.
Strategically, Columbia outlined a proposed second-step conversion from a mutual holding company to a fully public stock holding company and an agreement to acquire Northfield Bancorp, Inc.. Following the conversion, Northfield will merge into a new Maryland holding company, which will become the parent of Columbia Bank. Each Northfield share will be exchanged for either stock or cash, with consideration ranging from 1.425–1.465 shares of new holding company stock or $14.25–$14.65 in cash per share, depending on the final independent valuation, subject to regulatory and stockholder approvals and a cap on the cash portion.
Columbia Financial, Inc. EVP & CIO Prabhu Manesh Balachandran reported compensation-related equity changes, mainly tied to performance awards and benefit plans, rather than open-market trading. The company determined that out of a performance-based restricted stock grant from May 1, 2023, 1,454 shares would vest and 7,267 shares would be forfeited based on results over the performance period.
The filing also shows a tax-withholding disposition of 830 shares of common stock at $19.25 per share, leaving 7,097 common shares held directly. Balachandran continues to hold additional common stock indirectly through stock awards, ESOP, 401(k), SERP and a stock-based deferral plan, and has phantom stock units economically equivalent to 7,669 shares that will be settled in cash. He also retains several blocks of vested and unvested stock options with exercise prices between the mid-teens and low twenties per share and expirations from 2032 to 2036, indicating a continuing equity-based stake aligned with the company’s long-term performance.
Columbia Financial, Inc. executive Mayra Liseth Rinaldi, EVP of Corporate Governance & Culture, reported routine updates to her equity holdings. The filing shows that 6,460 shares of performance-based restricted stock were forfeited back to the company after performance goals were not fully met, while 1,292 shares vested, as described in the footnotes.
In a separate line item, 739 common shares were disposed of at $19.25 per share to cover tax obligations, a non-market transaction coded as tax withholding. After these changes, she directly holds 20,169 common shares and has additional indirect holdings through plans such as ESOP and 401(k). She also retains multiple stock option grants, including 49,412 options exercisable at $15.60 per share expiring in 2029, plus newer options at higher exercise prices and 4,756 phantom stock units that will be settled in cash.
Columbia Financial, Inc. executive Lewis Oliver Edward Jr., SEVP & Head of Commercial Banking, reported routine equity compensation adjustments. On May 1, 2026, the company determined that, from a performance-based restricted stock grant made on May 1, 2023, 1,990 shares would vest and 9,948 shares would be forfeited, recorded as a disposition to the issuer.
The filing also shows a tax-withholding disposition of 1,200 shares of common stock at $19.25 per share. A footnote states the form reflects increases in beneficial ownership from exempt acquisitions under Rule 16b-3(c). Edward continues to hold indirect interests through stock awards and plans, as well as multiple stock option grants, including options on 57,026 shares at an exercise price of $17.86 expiring on March 22, 2031 and options on 20,000 shares at $18.28 expiring on March 2, 2036.
Columbia Financial, Inc. executive John Klimowich, SEVP & Chief Risk Officer, reported updates to his equity holdings. The company determined that of a performance-based restricted stock grant made on May 1, 2023, 2,067 shares will vest and 10,336 shares are forfeited, reflected as a disposition to the issuer. Separately, 1,247 shares of common stock at $19.25 were withheld to cover tax obligations, a non-market transaction. Following these changes, he holds 64,909 common shares directly and additional indirect interests, including 9,077.7004 shares through a stock-based deferral plan. Klimowich also retains stock options, including awards covering 188,235 underlying shares at a $15.60 exercise price expiring in July 2029, along with several newer option grants vesting in future years.
Columbia Financial, Inc. executive Allyson Katz Schlesinger, SEVP & Head of Consumer Banking, reported compensation-related share adjustments tied to performance-based awards. On May 1, 2026 the company determined that 2,171 performance-based restricted shares would vest and 10,852 shares would be forfeited back to the issuer. To cover tax obligations on the vesting, 1,309 common shares were withheld at $19.25 per share. After these dispositions, she directly holds 68,623 common shares, along with multiple stock-based awards and stock options granted under the 2019 Equity Incentive Plan, some of which are fully vested and exercisable.
Gibney Dennis E. reported disposition transactions in this Form 4 filing.
Columbia Financial, Inc. executive Dennis E. Gibney reported a compensation-related adjustment to his holdings. The company determined that of certain performance-based restricted stock granted on May 1, 2023, 11,512 shares would be forfeited to the issuer and 2,302 shares would vest based on performance through May 1, 2026. After these changes, he holds 161,860 shares of common stock directly, along with multiple indirect positions through stock awards, retirement plans, and a spouse account. He also retains several blocks of employee stock options under the 2019 Equity Incentive Plan, including 240,000 options at $15.60 expiring in 2029 and additional tranches expiring between 2033 and 2036. The form notes that some increases in beneficial ownership arose from exempt acquisitions under Rule 16b-3(c), indicating routine equity compensation activity rather than open-market trading.
Columbia Financial, Inc. President & CEO Thomas J. Kemly reported routine updates to his equity holdings. On May 1, 2026, he forfeited 32,558 shares of performance-based restricted stock back to the company after performance objectives were not fully achieved, while 6,512 shares from the same May 1, 2023 grant were determined to vest. He also acquired 96.5034 phantom stock units at $19.25 per unit through a non-qualified stock-based deferral plan, to be settled in shares upon distribution. Following the disposition, he held 249,269 shares of common stock directly, alongside indirect and deferred holdings and a substantial package of vested and vesting stock options.