Columbia Financial (CLBK) Reports Q1 Earnings: What Key Metrics Have to Say |
While the top- and bottom-line numbers for Columbia Financial (CLBK) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
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2025-05-01 00:35:28 |
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Columbia Financial (CLBK) Matches Q1 Earnings Estimates |
Columbia Financial (CLBK) came out with quarterly earnings of $0.09 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.01 per share a year ago. |
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2025-04-30 23:10:34 |
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Columbia Financial, Inc. Announces Financial Results for the First Quarter Ended March 31, 2025 |
FAIR LAWN, N.J., April 30, 2025 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK), the mid-tier holding company for Columbia Bank ("Columbia"), reported net income of $8.9 million, or $0.09 per basic and diluted share, for the quarter ended March 31, 2025, as compared to a net loss of $1.2 million, or $0.01 per basic and diluted share, for the quarter ended March 31, 2024. Earnings for the quarter ended March 31, 2025 reflected higher net interest income due to both an increase in interest income and a decrease in interest expense, lower provision for credit losses and a decrease in non-interest expense, partially offset by higher income tax expense. |
globenewswire.com |
2025-04-30 20:05:00 |
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Is the Options Market Predicting a Spike in Columbia Financial (CLBK) Stock? |
Investors need to pay close attention to Columbia Financial (CLBK) stock based on the movements in the options market lately. |
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2025-02-04 11:50:30 |
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Columbia Financial (CLBK) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates |
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. |
zacks.com |
2025-01-28 22:30:21 |
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Columbia Financial (CLBK) Beats Q4 Earnings and Revenue Estimates |
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. |
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2025-01-28 21:11:09 |
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Columbia Financial, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2024 |
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.) |
globenewswire.com |
2025-01-28 18:05:00 |
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Here's Why Columbia Financial (CLBK) is Poised for a Turnaround After Losing -11.12% in 4 Weeks |
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. |
zacks.com |
2025-01-03 12:46:21 |
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What Makes Columbia Financial (CLBK) a New Buy Stock |
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). |
zacks.com |
2025-01-02 15:10:50 |
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CLBK Repositions Balance Sheet to Boost Earnings, Stock Slides 1.5% |
Columbia Financial is repositioning its balance sheet to boost earnings, expand net interest margin and reduce reliance on wholesale funding. |
zacks.com |
2024-12-06 11:25:29 |
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Columbia Financial, Inc. Announces Repositioning of Balance Sheet |
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. |
globenewswire.com |
2024-12-05 09:30:00 |
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Columbia Financial, Inc. Announces Appointment of New Senior Executive Vice President and Chief Operating Officer |
FAIR LAWN, N.J., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (Nasdaq: CLBK) (the “Company”), the mid-tier holding company for Columbia Bank (the “Bank”), announced today that Matthew Smith has been appointed as Senior Executive Vice President and Chief Operating Officer of the Company and the Bank effective as of November 25, 2024. The Company previously disclosed the retirement of E. Thomas Allen, Jr., the current Senior Executive Vice President and Chief Operating Officer of the Company and the Bank, effective as of January 31, 2025. |
globenewswire.com |
2024-11-25 18:45:00 |
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Why Columbia Financial (CLBK) Might be Well Poised for a Surge |
Columbia Financial (CLBK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions. |
zacks.com |
2024-10-30 15:21:17 |
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Columbia Financial (CLBK) Meets Q3 Earnings Estimates |
Columbia Financial (CLBK) came out with quarterly earnings of $0.06 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.09 per share a year ago. |
zacks.com |
2024-10-24 14:05:21 |
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Columbia Financial, Inc. Announces Financial Results for the Third Quarter Ended September 30, 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. |
globenewswire.com |
2024-10-24 11:55:00 |
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Columbia Financial, Inc. Announces Completion of Merger of Freehold Bank Into Columbia Bank |
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. |
globenewswire.com |
2024-10-07 20:45:00 |
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Columbia Financial Gets Regulatory Nod to Merge Freehold Bank |
CLBK receives regulatory approvals to complete the Freehold Bank merger into Columbia Bank. |
zacks.com |
2024-08-27 15:10:28 |
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Columbia Financial, Inc. Announces Receipt of Regulatory Approval for Merger of Freehold Bank Into Columbia Bank |
FAIR LAWN, N.J., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (Nasdaq: CLBK) (the “Company”), the mid-tier holding company for Columbia Bank and Freehold Bank, announced today that Columbia Bank has received the requisite regulatory approval from the Office of the Comptroller of the Currency necessary to merge Freehold Bank with and into Columbia Bank. |
globenewswire.com |
2024-08-26 11:55:00 |
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Columbia Financial (CLBK) Could Find a Support Soon, Here's Why You Should Buy the Stock Now |
Columbia Financial (CLBK) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term. |
zacks.com |
2024-08-09 14:55:42 |
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Surging Earnings Estimates Signal Upside for Columbia Financial (CLBK) Stock |
Columbia Financial (CLBK) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions. |
zacks.com |
2024-08-02 17:21:10 |
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Columbia Financial (CLBK) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates |
Although the revenue and EPS for Columbia Financial (CLBK) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2024-07-31 15:30:36 |
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Columbia Financial (CLBK) Beats Q2 Earnings and Revenue Estimates |
Columbia Financial (CLBK) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.12 per share a year ago. |
zacks.com |
2024-07-31 14:06:05 |
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Columbia Financial (CLBK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates |
Although the revenue and EPS for Columbia Financial (CLBK) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2024-05-01 00:06:33 |
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Columbia Financial (CLBK) Lags Q1 Earnings and Revenue Estimates |
Columbia Financial (CLBK) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.19 per share a year ago. |
zacks.com |
2024-04-30 22:26:08 |
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Columbia Financial, Inc. Announces Financial Results for the First Quarter Ended March 31, 2024 |
FAIR LAWN, N.J., April 30, 2024 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK), the mid-tier holding company for Columbia Bank ("Columbia") and Freehold Bank ("Freehold"), reported a net loss of $1.2 million, or $0.01 per basic and diluted share, for the quarter ended March 31, 2024, as compared to net income of $18.7 million, or $0.18 per basic and diluted share, for the quarter ended March 31, 2023. The net loss for the quarter ended March 31, 2024 reflected lower net interest income, mainly due to an increase in interest expense, a higher provision for credit losses and higher non-interest expense, partially offset by lower income tax expense. For the quarter ended March 31, 2024, the Company reported core net income of $455,000, a decrease of $19.3 million, or 97.7%, compared to core net income of $19.8 million for the quarter ended March 31, 2023. |
globenewswire.com |
2024-04-30 20:05:00 |
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Columbia Financial (CLBK) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates |
The headline numbers for Columbia Financial (CLBK) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. |
zacks.com |
2024-01-25 22:06:20 |
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Columbia Financial (CLBK) Surpasses Q4 Earnings and Revenue Estimates |
Columbia Financial (CLBK) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.21 per share a year ago. |
zacks.com |
2024-01-25 20:26:03 |
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