Columbia Financial, Inc. (CLBK)
Columbia Financial, Inc. operates as a bank holding company, delivering a comprehensive array of financial solutions to both corporate clients and individual consumers, primarily within the United States. Its deposit offerings encompass various options, including non-interest-bearing checking accounts for businesses and individuals, interest-bearing checking and municipal accounts, savings and club accounts, money market accounts, and certificates of deposit. The company's extensive lending portfolio features financing for multifamily and commercial properties, business operations, residential homes (one-to-four family), construction projects, and home equity. Additionally, it extends consumer loans for purposes such as automobiles and personal use, alongside unsecured credit lines and overdraft protection. Beyond traditional banking, Columbia Financial also provides title insurance, wealth management services, and sophisticated cash management tools like remote deposit, lockbox services, and sweep accounts. Established in 1927 and headquartered in Fair Lawn, New Jersey, the firm maintained a significant physical presence as of December 31, 2021, with 62 full-service banking locations spread across 12 New Jersey counties, complemented by two additional branches in Freehold, New Jersey. Columbia Financial, Inc. operates as a subsidiary under the umbrella of Columbia Bank MHC.
Sector: Savings Institution, Federally Chartered
Industry: Banks - Regional
Columbia Financial, Inc.
NASDAQ:CLBKFinancial Services · Banks - Regional
-0.09%$10.85
AH Close$10.85+0.00%vs close
AH Close$10.85+0.00%vs close
Mkt Cap$2.92B
Float67.01M
O/S269.55M
Inst Own0.3%
Div Yield0.46%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$507.44M
Net Income$51.77M
Total Assets$11.02B
Free Cash Flow$58.56M
Debt & Equity
Debt 50%
Equity 50%
Total Debt$1.18B
Total Equity$1.16B
Shares Outstanding
Short Interest
Split History1 split
- 2.2:1Forward splitJul 21, 20261 share → 2.2
Balance Sheet Details
Assets$11.02B
Liabilities$9.86B
Accounts Receivable$41.49M
Accounts Payable$0
Inventory$0
PP&E (Net)$82.98M
Goodwill$110.72M
Intangible Assets$9.59M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-09-30 | 2016-09-30 |
| Revenue | $507.44M | $453.32M | $422.36M | $340.07M | $308.98M | $326.21M | $292.13M | $246.8M | $201.09M | $187.7M |
| YoY Growth | 11.9% | 7.3% | 24.2% | 10.1% | -5.3% | 11.7% | 18.4% | 22.7% | 7.1% | - |
| Cost of Revenue | $252.44M | $287.89M | $193.89M | $48.38M | $27.06M | $92.17M | $92.34M | $67.76M | $50.56M | $44.17M |
| Gross Profit | $255M | $165.43M | $228.47M | $291.69M | $281.92M | $234.4M | $199.78M | $179.04M | $150.53M | $143.53M |
| Gross Margin | 50.3% | 36.5% | 54.1% | 85.8% | 91.2% | 71.9% | 68.4% | 72.5% | 74.9% | 76.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $74.54M | $119.58M | $132.29M | $122.38M | $104.27M | $105.23M | $89.08M | $85.86M | $70.97M | $65.58M |
| Other | $120.3M | $61.76M | $50.13M | $52.43M | $51.47M | $52.91M | $39.62M | $59.53M | $32.48M | $28.19M |
| Total Operating Expenses | $194.84M | $181.34M | $182.42M | $174.82M | $155.74M | $158.14M | $128.7M | $145.39M | $103.45M | $93.77M |
| Operating Income (EBIT) | $60.16M | -$15.91M | $46.05M | $116.88M | $126.18M | $76.26M | $71.08M | $33.66M | $47.08M | $49.76M |
| Operating Margin | 11.9% | -3.5% | 10.9% | 34.4% | 40.8% | 23.4% | 24.3% | 13.6% | 23.4% | 26.5% |
| Interest Expense | $235.4M | $273.44M | $189.1M | $42.89M | $37.02M | $73.72M | $88.12M | $61.08M | $44.14M | $43.76M |
| Interest Income | $468.13M | $443.82M | $389.79M | $307.95M | $267.68M | $291.64M | $256.89M | $222.35M | $182.08M | $167.25M |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $60.16M | -$15.91M | $46.05M | $116.88M | $126.18M | $76.26M | $71.08M | $33.66M | $47.08M | $49.76M |
| Income Tax Expense | $8.39M | -$4.26M | $9.96M | $30.7M | $34.13M | $18.65M | $16.36M | $10.92M | $16.01M | $16.8M |
| Net Income | $51.77M | -$11.65M | $36.09M | $86.17M | $92.05M | $57.6M | $54.72M | $22.74M | $31.07M | $32.95M |
| Net Income Margin | 10.2% | -2.6% | 8.5% | 25.3% | 29.8% | 17.7% | 18.7% | 9.2% | 15.5% | 17.6% |
| Supplementary Data | ||||||||||
| EPS | 0.23 | -0.05 | 0.16 | 0.37 | 0.40 | 0.24 | 0.22 | 0.09 | 0.12 | 0.13 |
| Diluted EPS | 0.23 | -0.05 | 0.16 | 0.37 | 0.40 | 0.24 | 0.22 | 0.09 | 0.12 | 0.13 |
| Weighted Average OS | 223.14M | 223.69M | 225.84M | 232.28M | 229.14M | 241.46M | 244.42M | 245.07M | 254.96M | 254.96M |
| EBITDA | $75.19M | -$1.35M | $60.32M | $130.23M | $137.82M | $86.62M | $76.08M | $37.41M | $50.55M | $53.04M |
| EBITDA Margin | 14.8% | -0.3% | 14.3% | 38.3% | 44.6% | 26.6% | 26.0% | 15.2% | 25.1% | 28.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-09-30 | 2016-09-30 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $340.69M | $289.22M | $423.25M | $179.23M | $70.96M | $422.96M | $75.55M | $42.2M | $65.5M | $45.69M |
| Short-Term Investments | $0 | $772.63M | $1.09B | $1.33B | $1.7B | $1.32B | $1.1B | $1.03B | $710.57M | $771.78M |
| Cash and Short-Term Investments | $340.69M | $1.06B | $1.52B | $1.51B | $1.77B | $1.74B | $1.17B | $1.08B | $776.07M | $817.47M |
| Accounts Receivable | $41.49M | $40.38M | $39.34M | $33.9M | $28.3M | $29.46M | $22.09M | $18.89M | $15.91M | $13.16M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $382.19M | $1.1B | $1.56B | $1.54B | $1.8B | $1.77B | $1.2B | $1.09B | $791.98M | $830.63M |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $82.98M | $81.77M | $83.58M | $83.88M | $78.71M | $75.97M | $72.97M | $52.05M | $42.62M | $37.86M |
| Goodwill | $110.72M | $110.72M | $110.72M | $110.72M | $85.32M | $80.28M | $60.76M | $5.72M | $5.72M | $5.72M |
| Intangible Assets | $9.59M | $10.29M | $12.63M | $14.43M | $6.37M | $7.1M | $7.82M | $369K | $281K | $408K |
| Long-Term Investments | $9.81B | $8.51B | $8.22B | $8.05B | $6.73B | $6.38B | $6.42B | $5.19B | $4.64B | $3.93B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14.53M |
| Other Long-Term Assets | $618.75M | $660.68M | $657.82M | $607.72M | $520.23M | $486.44M | $426.7M | $350.57M | $285.81M | $216.03M |
| Total Long-Term Assets | $10.64B | $9.37B | $9.09B | $8.87B | $7.42B | $7.03B | $6.99B | $5.6B | $4.97B | $4.21B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $11.02B | $10.48B | $10.65B | $10.41B | $9.22B | $8.8B | $8.19B | $6.69B | $5.77B | $5.04B |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $107.8M | $159.6M | $56M | $177.4M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $4.97B | $8.1B | $7.85B | $8B | $7.57B | $6.78B | $5.65B | $4.41B | $4.26B | $3.82B |
| Total Current Liabilities | $4.97B | $8.1B | $7.85B | $8.18B | $7.73B | $6.96B | $5.87B | $4.66B | $4.4B | $4.06B |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $1.17B | $1.08B | $1.53B | $1.13B | $377.31M | $799.36M | $1.3B | $1.03B | $873.06M | $504.59M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $66.12M |
| Other Long-Term Liabilities | $3.71B | $218.37M | $229.98M | $45.46M | $36.47M | $32.57M | $35.51M | $32.03M | $25.56M | $29.17M |
| Total Long-Term Liabilities | $4.89B | $1.3B | $1.76B | $1.17B | $413.78M | $831.93M | $1.33B | $1.06B | $898.62M | $533.76M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $9.86B | $9.4B | $9.61B | $9.35B | $8.15B | $7.79B | $7.21B | $5.72B | $5.29B | $4.6B |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.32M | $1.31M | $1.31M | $1.31M | $1.25M | $1.22M | $1.17M | $1.16M | $0 | $0 |
| Retained Earnings | $933.72M | $881.95M | $893.6M | $857.52M | $765.13M | $673.08M | $615.48M | $560.22M | $537.48M | $491.02M |
| Comprehensive Income & Other | -$75.97M | -$110.37M | -$158.74M | -$179.3M | -$45.92M | -$69.63M | -$68.73M | -$71.9M | -$65.41M | -$51.36M |
| Other Stockholders' Equity | $225.69M | $197.11M | $145.42M | $194.77M | $312.7M | $336.98M | $365.86M | $410.69M | -$65.41M | -$51.36M |
| Total Equity | $1.16B | $1.08B | $1.04B | $1.05B | $1.08B | $1.01B | $982.52M | $972.06M | $472.07M | $439.66M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $11.02B | $10.48B | $10.65B | $10.41B | $9.22B | $8.8B | $8.19B | $6.69B | $5.77B | $5.04B |
| Supplementary Data | ||||||||||
| Total Debt | $1.18B | $1.08B | $1.53B | $1.13B | $377.31M | $799.36M | $1.41B | $1.19B | $929.06M | $681.99M |
| Net Debt | $842.78M | $791.38M | $1.11B | $947.82M | $306.35M | $376.41M | $1.33B | $1.15B | $863.56M | $636.3M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-09-30 | 2016-09-30 |
| Operating Activities | ||||||||||
| Net Income | $51.77M | -$11.65M | $36.09M | $86.17M | $92.05M | $57.6M | $54.72M | $22.74M | $31.07M | $32.95M |
| Depreciation & Amortization | $15.03M | $14.56M | $14.27M | $13.35M | $11.64M | $10.36M | $4.99M | $3.75M | $3.47M | $3.28M |
| Deferred Income Tax | $14.15M | -$5.99M | $3.38M | $12.77M | $17.71M | $9.74M | $7.53M | -$5.49M | -$1.43M | $2.93M |
| Stock-Based Compensation | $8.15M | $10.3M | $12.07M | $12.29M | $12.93M | $11.95M | $7.26M | $2.59M | $0 | $0 |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | -$1.11M | -$1.04M | -$5.45M | -$4.69M | $2.02M | -$6.68M | -$959K | -$2.98M | -$1.53M | -$1.86M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$21.48M | -$19.86M | -$30.76M | $15.08M | -$20.23M | -$42.3M | -$48.76M | -$3.69M | -$1.84M | $4.76M |
| Total Working Capital Change | -$22.59M | -$20.9M | -$36.2M | $10.39M | -$18.21M | -$48.98M | -$49.72M | -$6.67M | -$3.37M | $2.9M |
| Other Non-Cash Items | $1.89M | $47M | $11.11M | $7.18M | -$17.42M | $8.37M | -$2.96M | $39.67M | $6.3M | $16.93M |
| Net Cash from Operating | $68.4M | $33.32M | $40.72M | $142.16M | $98.7M | $49.04M | $21.82M | $56.59M | $36.04M | $58.99M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$9.84M | -$7.45M | -$7.63M | -$7.2M | -$5.49M | -$4.62M | -$19.34M | -$13.27M | -$6.53M | -$3.67M |
| Acquisitions | -$1.4M | $0 | $0 | $140.77M | $20.42M | $155.25M | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$305.51M | -$446.25M | -$124.62M | -$170.48M | -$870.88M | -$305.62M | -$278M | -$445.44M | -$193.27M | -$357.48M |
| Sales of Investments | $261.88M | $528.88M | $398.1M | $439.88M | $496.08M | $317.31M | $262.08M | $90.31M | $256.55M | $261.16M |
| Other Investing Activities | -$399.3M | -$35.72M | -$226.2M | -$1.02B | -$83.73M | $95.34M | -$485.75M | -$574.74M | -$387.07M | -$190.59M |
| Net Cash from Investing | -$454.16M | $39.47M | $39.65M | -$614.73M | -$443.61M | $257.64M | -$521.01M | -$943.15M | -$330.32M | -$290.57M |
| Financing Activities | ||||||||||
| Debt Repaid | -$70.92M | $213.72M | -$494.51M | -$297.17M | $239.79M | $270.54M | $90M | $40.57M | -$78.4M | $45M |
| Common Stock Issuance | -$1K | $0 | $10K | $0 | $0 | $0 | $14K | $492.43M | $0 | $0 |
| Common Stock Repurchases | -$13.79M | -$6.71M | -$81.12M | -$98.61M | -$108.13M | -$108.36M | -$56.05M | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $347.83M | $251.44M | -$156.58M | -$64.53M | $584.86M | $795.63M | $453.49M | $163.14M | $298.56M | $254.7M |
| Net Cash from Financing | $437.35M | -$206.81M | $163.66M | $580.83M | -$7.09M | $40.72M | $532.54M | $863.26M | $349.56M | $234.1M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $51.58M | -$134.03M | $244.02M | $108.27M | -$351.99M | $347.41M | $33.35M | -$23.3M | $55.28M | $2.52M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | $68.4M | $33.32M | $40.72M | $142.16M | $98.7M | $49.04M | $21.82M | $56.59M | $36.04M | $58.99M |
| Capital Expenditure | -$9.84M | -$7.45M | -$7.63M | -$7.2M | -$5.49M | -$4.62M | -$19.34M | -$13.27M | -$6.53M | -$3.67M |
| Free Cash Flow | $58.56M | $25.88M | $33.08M | $134.95M | $93.21M | $44.42M | $2.48M | $43.32M | $29.51M | $55.33M |
| Cash at Beginning | $289.22M | $423.25M | $179.23M | $70.96M | $422.96M | $75.55M | $42.2M | $65.5M | $45.69M | $43.18M |
| Cash at End | $340.81M | $289.22M | $423.25M | $179.23M | $70.96M | $422.96M | $75.55M | $42.2M | $100.97M | $45.69M |