CLBK

FAIR LAWN, N.J., July 16, 2026 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the “Company”), a Maryland corporation and the proposed successor to Columbia Financial, Inc. (Nasdaq Global Select Market: CLBK), a Delaware corporation and the mid-tier holding company for Columbia Bank (the “Holding Company” or “Columbia”), announced today that it has completed its firm commitment underwritten offering in connection with Columbia’s second-step conversion. As a result of the firm commitment underwritten offering and the recently completed subscription offering, the Company expects to sell 167,236,353 shares of its common stock at a purchase price of $10.00 per share for total offering proceeds of $1.67 billion. Orders for a total of 52,291,781 shares at a purchase price of $10.00 per share have been accepted in the firm commitment underwritten offering, for which Keefe, Bruyette & Woods, Inc., A Stifel Company, served as the lead-left book running manager, Piper Sandler & Co. acted as co-book running manager and Brean Capital, LLC acted as co-manager. The Company received orders for 114,944,572 shares in the subscription offering portion of its second-step conversion, for which Keefe, Bruyette & Woods, Inc., A Stifel Company, acted as selling agent, including 5,017,091 shares subscribed for by the Company’s ESOP. Existing shares of the Holding Company common stock held by the minority shareholders will be exchanged for 2.2000x shares of Company common stock. Cash in lieu of fractional shares will be paid at a rate of $10.00 per share. The Company also announced that, immediately upon completion of the conversion, it expects to complete the acquisition of Northfield Bancorp Inc. Based on the final valuation report of the independent appraiser, Northfield stockholders will receive either $14.25 in cash or 1.425 shares of Company common stock for each share of Holding Company common stock, or a combination thereof, subject to the elections they made and proration procedures, for aggregate merger consideration of $580 million. For Northfield stockholders who did not make an election (“non-election shares”), such stockholders will receive a mix of cash and Company common stock for the non-election shares of Northfield common stock held by such stockholders based on the proration procedures in the Agreement and Plan of Merger, which will result in final aggregate merger...

FAIR LAWN, N.J., July 01, 2026 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (NASDAQ: CLBK), a Delaware corporation and the mid-tier holding company for Columbia Bank (the “Holding Company”), announced today that at its Annual Meeting of Stockholders held on June 25, 2026, its stockholders approved the Plan of Conversion and Reorganization whereby Columbia Bank MHC, the mutual holding company of the Holding Company and the Bank, will convert from mutual holding company form to the fully public stock holding company form (the “Conversion”), and approved its acquisition of Northfield Bancorp, Inc. (“Northfield”), which will occur simultaneously upon completion of the Conversion. In addition, at a Special Meeting of Members of Columbia Bank MHC held on June 29, 2026, the depositors of the Bank approved the Conversion. Between the orders received in the subscription offering of shares of common stock of Columbia Financial, Inc., a Maryland corporation (the “Company”) and the proposed successor to the Holding Company, which expired June 16, 2026, and the increased orders received in the previously announced resolicitation of maximum purchasers in the subscription offering, which concluded on June 30, 2026, the Company received approximately $1.1 billion in the subscription offering, excluding the Company’s Employee Stock Ownership Plan. The Company expects to commence a firm commitment underwritten offering during the week of July 6, 2026 to sell shares of its common stock not sold in the subscription offering at $10.00 per share. Keefe, Bruyette & Woods, Inc., A Stifel Company, will serve as the lead-left book running manager, Piper Sandler & Co. will act as co-book running manager and Brean Capital, LLC will act as co-manager for the firm commitment underwritten offering. Completion of the Conversion remains subject to (1) the receipt of all required final regulatory approvals, including the final independent appraisal, and (2) the sale of at least 142,375,000 shares of common stock, including shares that may be issued as merger consideration to stockholders of Northfield, at the adjusted minimum of the offering range. About Columbia The Holding Company is a Delaware corporation organized as Columbia Bank’s mid-tier stock holding company and is a majority-owned subsidiary of Columbia Bank MHC. The Company is a newly formed Maryland corporation that will be the s...

FAIR LAWN, N.J., June 23, 2026 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (“Columbia”) (NASDAQ: CLBK), a Delaware corporation and the mid-tier holding company for Columbia Bank, announced today, on a preliminary basis, that Columbia Financial, Inc., a Maryland corporation and the proposed successor to Columbia, received over 5,000 orders representing approximately $925 million in the subscription offering that expired on June 16, 2026 in connection with the “second-step” conversion of Columbia Bank MHC from mutual to stock form. In addition, Columbia also announced an increase in the maximum purchase limits in the stock offering being conducted by Columbia Financial, Inc. The maximum individual purchase limit in the offering has been increased from 300,000 shares ($3.0 million) to 800,000 shares ($8.0 million) and the maximum group purchase limit has been increased from 1,000,000 shares ($10.0 million) to 5,000,000 shares ($50.0 million). Consistent with the prospectus dated May 11, 2026, as supplemented by the prospectus supplement dated June 23, 2026, only those persons who subscribed for the maximum number of shares in the subscription offering will be resolicited and given the opportunity to order additional shares up to the new purchase limits. Supplemental stock order forms will be distributed to those subscribers. A properly completed original supplemental stock order form for any increased stock order, together with full payment of immediately available funds, must be received by Columbia Financial, Inc. (not postmarked) by 2:00 p.m., Eastern time, on June 30, 2026. All other eligible subscribers who submitted valid stock order forms in the subscription offering will have their stock orders filled in full. Columbia Financial, Inc. currently does not intend to conduct a community offering and will be offering shares not subscribed for in the subscription offering for sale at the same price of $10.00 per share in a firm commitment underwritten offering. Keefe, Bruyette & Woods, Inc., A Stifel Company, will serve as the lead-left book running manager, Piper Sandler & Co. will act as co-book running manager and Brean Capital, LLC will act as co-manager for the firm commitment underwritten offering. Anyone purchasing stock in the firm commitment underwritten offering is subject to the new purchase limitations set forth above. Completion of the offering...

Columbia Financial’s 23.1% return over the past six months has outpaced the S&P 500 by 15.1%, and its stock price has climbed to $20.76 per share. This run-up might have investors contemplating their next move. Is now the time to buy Columbia Financial, or should you be careful about including it in your portfolio? Dive into our full research report to see our analyst team’s opinion, it’s free. We’re glad investors have benefited from the price increase, but we’re cautious about Columbia Financial. Here are three reasons why there are better opportunities than CLBK, plus one stock we’d rather own. Our experience and research show the market cares primarily about a bank’s net interest income growth as one-time fees are considered a lower-quality and non-recurring revenue source. Columbia Financial’s net interest income was flat over the last five years, much worse than the broader banking industry and in line with its total revenue. This was driven by an increasing loan book and falling net interest margin, which represents how much a bank earns in relation to its outstanding loans. Net interest margin (NIM) represents the unit economics of a bank by measuring the profitability of its interest-bearing assets relative to its interest-bearing liabilities. It’s a fundamental metric that investors use to assess lending premiums and returns. Over the past two years, we can see that Columbia Financial’s net interest margin averaged a poor 2.1%, reflecting its high servicing and capital costs. We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable. Sadly for Columbia Financial, its EPS declined by 3.8% annually over the last five years while its revenue was flat. This tells us the company struggled because its fixed cost base made it difficult to adjust to choppy demand. Columbia Financial doesn’t pass our quality test. With its shares outperforming the market lately, the stock trades at 1.7× forward P/B (or $20.76 per share). This valuation tells us it’s a bit of a market darling with a lot of good news priced in - we think there are better stocks to buy right now. We’d recommend looking at a top digital advertising platform riding the creator economy. ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta...

Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let’s have a look at Columbia Financial (NASDAQ:CLBK) and its peers. Thrifts & Mortgage Finance institutions operate by accepting deposits and extending loans primarily for residential mortgages, earning revenue through interest rate spreads (difference between lending rates and borrowing costs) and origination fees. The industry benefits from demographic tailwinds as millennials enter prime homebuying age, technological advancements streamlining the loan approval process, and potential interest rate stabilization improving affordability. However, significant headwinds include net interest margin compression during rate volatility, increased competition from fintech disruptors offering digital-first experiences, mounting regulatory compliance costs, and potential housing market corrections that could impact loan portfolios and default rates. The 12 thrifts & mortgage finance stocks we track reported a mixed Q1. As a group, revenues beat analysts’ consensus estimates by 4.1% while next quarter’s revenue guidance was 1.5% below. While some thrifts & mortgage finance stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3.2% since the latest earnings results. Founded during the Roaring Twenties in 1926 and headquartered in Fair Lawn, New Jersey, Columbia Financial (NASDAQ:CLBK) operates federally chartered savings banks in New Jersey that offer traditional banking services including loans, deposits, and insurance products. Columbia Financial reported revenues of $66.18 million, up 18.5% year on year. This print exceeded analysts’ expectations by 9.1%. Despite the top-line beat, it was still a slower quarter for the company with EPS in line with analysts’ estimates and net interest income in line with analysts’ estimates. Interestingly, the stock is up 10.3% since reporting and currently trades at $20.31. Read our full report on Columbia Financial here, it’s free. Born in Detroit during the 1980s and evolving into a tech-driven financial powerhouse, Rocket Companies (NYSE:RKT) is a fintech company that provides digital mortgage lending, real estate services, and personal finance solutions through its technology platform. Rocket Companies reported revenues of $2.82 billion, up 118% year on year, out...

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Columbia Financial (CLBK) just posted quarterly earnings of US$0.15 per share on revenue of US$67.14 million, coming in below consensus estimates on both metrics and giving investors fresh numbers to reassess the stock. See our latest analysis for Columbia Financial. The earnings miss comes after a period of solid share price momentum, with a 1 month share price return of 6.97%, 3 month share price return of 17.64% and 1 year total shareholder return of 40.86%. This suggests sentiment has been improving despite more mixed longer term total shareholder returns. If this earnings update has you rethinking your watchlist, it can be useful to look beyond banks and see what else is moving, including 19 top founder-led companies With CLBK trading around US$18.41 and sitting only a fraction below the current analyst price target of US$18.50, the key question is whether recent growth metrics are underappreciated or if the market already reflects what comes next. On the latest numbers, Columbia Financial trades on a P/E of 37x, which sits alongside a last close of $18.41 and reflects a rich earnings multiple compared with peers. The P/E ratio tells you how much investors are paying today for each dollar of current earnings. This is a common yardstick for banks where profitability and return on equity matter. With CLBK only recently moving into profitability and earnings still at an early stage of this phase, the current multiple is being placed on a relatively low earnings base. Compared with the US Banks industry average P/E of 11.9x and an estimated fair P/E of 32.1x, CLBK’s 37x looks materially higher. This suggests the market is pricing in stronger earnings progress than the sector on average and also sits above a level that some models indicate the valuation could move toward over time. Explore the SWS fair ratio for Columbia Financial Result: Preferred multiple of Price-to-Earnings of 37x (OVERVALUED) However, if loan quality or funding costs move against Columbia Financial, or if earnings growth stalls, that rich 37x P/E could become harder for the market to support. Find out about the key risks to this Columbia Financial narrative. This mix of optimism and concern around Columbia Financial only matters if it helps you act. Take a closer look...

FAIR LAWN, N.J. (AP) — FAIR LAWN, N.J. (AP) — Columbia Financial, Inc. (CLBK) on Monday reported profit of $13.1 million in its first quarter. On a per-share basis, the Fair Lawn, New Jersey-based company said it had profit of 13 cents. Earnings, adjusted for costs related to mergers and acquisitions, were 15 cents per share. The company posted revenue of $125.6 million in the period. Its adjusted revenue was $67.1 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLBK at https://www.zacks.com/ap/CLBK

Columbia Financial (CLBK) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.23%. A quarter ago, it was expected that this company would post earnings of $0.15 per share when it actually produced earnings of $0.15, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Columbia Financial, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $67.14 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 4.23%. This compares to year-ago revenues of $58.8 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Columbia Financial shares have added about 19.4% since the beginning of the year versus the S&P 500's gain of 4.1%. While Columbia Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Columbia Financial was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Z...

Columbia Financial (CLBK) reported Q1 earnings late Monday of $0.13 per diluted share, up from $0.09

FAIR LAWN, N.J., April 20, 2026 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK), the mid-tier holding company for Columbia Bank ("Columbia"), reported net income of $13.1 million, or $0.13 per basic and diluted share, for the quarter ended March 31, 2026, as compared to $8.9 million, or $0.09 per basic and diluted share, for the quarter ended March 31, 2025. Earnings for the quarter ended March 31, 2026 reflected higher net interest income due to both an increase in interest income and a decrease in interest expense, and a decrease in provision for credit losses, partially offset by lower non-interest income, an increase in non-interest expense and higher income tax expense. Mr. Thomas J. Kemly, President and Chief Executive Officer commented: “It was an exciting first quarter for Columbia as we announced our intention to undertake our second step conversion offering as well as a significant merger with Northfield Bancorp, Inc. We believe that these transactions have the ability to transform our company by introducing us to new geographic markets in the New York metro area, adding a lower cost deposit base, and providing abundant capital for future growth of our franchise. Our teams are actively working on integration plans to ensure a seamless transition for our customers. The completion of the second-step conversion and the merger remain subject to the satisfaction of various closing conditions, including the receipt of all required regulatory approvals and the receipt of all required applicable stockholder and member approvals.” Regarding the quarterly financial results, Mr. Kemly added, “Our first quarter results included higher core net income driven by net interest margin expansion and lower provision for credit losses partially offset by merger related costs and a higher income tax rate. While the balance sheet was fairly flat with prior quarter, higher commercial loan prepayments offset solid loan production. We reduced our cost of deposits by 6 basis points despite heightened competition for deposits in our markets. " Financial Highlights Net income increased by $4.2 million, or 47.2% for the quarter ended March 31, 2026 compared to the quarter ended March 31, 2025 and decreased $2.6 million compared to the quarter ended December 31, 2025. Net interest margin of 2.42% for the quarter ended March 31, 2026 increased by 31 b...

For the quarter ended March 2026, Columbia Financial (CLBK) reported revenue of $67.14 million, up 14.2% over the same period last year. EPS came in at $0.15, compared to $0.09 in the year-ago quarter. The reported revenue represents a surprise of -4.23% over the Zacks Consensus Estimate of $70.1 million. With the consensus EPS estimate being $0.16, the EPS surprise was -3.23%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Columbia Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Interest Margin: 2.4% versus the two-analyst average estimate of 2.4%. Efficiency Ratio: 70.7% versus the two-analyst average estimate of 66.3%. Total Non-Interest Income: $6.75 million compared to the $9.46 million average estimate based on two analysts. Net Interest Income: $60.39 million versus the two-analyst average estimate of $60.63 million. View all Key Company Metrics for Columbia Financial here>>> Shares of Columbia Financial have returned +7.8% over the past month versus the Zacks S&P 500 composite's +6.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Columbia Financial (CLBK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Columbia Financial (CLBK) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. Consensus earnings estimates for the next quarter and full year have moved considerably higher for Columbia Financial, as there has been strong agreement among the covering analysts in raising estimates. The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate: The earnings estimate of $0.16 per share for the current quarter represents a change of +77.8% from the number reported a year ago. Over the last 30 days, the Zacks Consensus Estimate for Columbia Financial has increased 6.45% because one estimate has moved higher compared to no negative revisions. For the full year, the earnings estimate of $0.76 per share represents a change of +46.2% from the year-ago number. There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, one estimate has moved up for Columbia Financial versus no negative revisions. This has pushed the consensus estimate 11.85% higher. Thanks to promising estimate revisions, Columbia Financial currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. Columbia Financial shares have added 6.1% over the past four weeks, suggesting that investor...