Columbia Financial, Inc./MD/ (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:CLBK Financial Services · Banks - Regional
Mkt Cap $2.99B
Div Yield 0.45%
Pre Pre-market $11.16 Close $11.11 0.00% AH $11.11 Now $11.16
Close $11.11 +1.00% AH $11.11 +0.45% since
Mkt Cap $2.99B
Div Yield 0.45%
Press Release ● Major ⚠ 4
Columbia Financial, Inc. Announces Q3 2026 Financial Results and Quarterly Cash Dividend
Columbia Financial reported Q3 2026 net income of $5.2 million ($0.02 per share), down from $14.9 million ($0.07) a year earlier, weighed down by merger costs and balance-sheet repositioning losses.
Core net income (non-GAAP) more than quadrupled to $40.6 million, or $0.16 per share, as net interest income nearly doubled to $114.4 million and net interest margin expanded 67 bps to 2.96%.
The quarter reflected the completed second-step conversion that raised roughly $1.6 billion and the Northfield Bancorp acquisition, which added about $5.2 billion in assets and drove total assets to $17.6 billion; a $25.7 million bargain purchase gain partially offset a $40.8 million securities-sale loss and $30.6 million of merger-related expenses.
The board declared a $0.05 quarterly dividend payable November 25, 2026; management also sold $246.2 million of NYC rent-regulated multifamily loans and exited criticized Northfield assets, cutting remaining rent-regulated exposure to $164.6 million.
• 10d ago AI analysis › Press Release ⚠ 2
Columbia Financial, Inc. Announces Q2 2026 Financial Results and Commences Quarterly Cash Dividend
Columbia Financial reported Q2 net income of $14.5 million, or $0.14 per share, up 17.7% from the prior year, driven by a 25 basis point expansion in net interest margin to 2.44%.
The Board of Directors declared a quarterly cash dividend of $0.05 per share, payable August 26, 2026, marking the commencement of regular shareholder returns.
Total assets grew 10.5% to $12.2 billion, largely due to the second-step conversion offering, while the company recently completed its acquisition of Northfield Bancorp.
• 3mo ago AI analysis › Press Release ● Critical
Columbia Financial, Inc. Announces Completion of Second Step Conversion and $1.7 Billion Stock Offering and Acquisition of Northfield Bancorp, Inc.
Columbia Financial completed its second-step conversion from a mutual holding company structure and a related $1.7 billion public offering of 167.2 million shares at $10.00 per share.
Simultaneously, the company closed its merger with Northfield Bancorp, creating a combined institution with $18.0 billion in pro forma assets, $12.5 billion in deposits and over 100 branch offices.
Under the merger terms, Northfield shareholders received $14.25 in cash or 1.425 shares of Columbia stock, valuing the transaction at $580 million, with four Northfield directors joining Columbia's board.
• 3mo ago AI analysis › Press Release ● Critical
Columbia Financial, Inc. Announces the Results of Its Offering; Final Merger Consideration; and Anticipated Closing Date
Columbia Financial completed the second step of its conversion, selling 167.2 million shares at $10.00 each to raise $1.67 billion in gross proceeds.
The company announced the final terms for its concurrent acquisition of Northfield Bancorp, involving a total consideration of $580 million payable in cash, stock, or a combination thereof.
Transactions are scheduled to close on July 20, 2026, with existing shareholders exchanging their shares for 2.2x shares of the new company and trading resuming on July 21.
• 3mo ago AI analysis › Press Release
Columbia Financial, Inc. Commences Firm Commitment Underwritten Offering
Columbia Financial (CLBK) commenced a firm commitment underwritten offering to sell shares of common stock not subscribed for in its second-step conversion subscription offering.
The shares are being sold to the general public at $10.00 per share, matching the price of the prior subscription offering which raised approximately $1.1 billion.
The company expects to sell between $281 million and $769 million of common stock in this underwritten offering, with Keefe, Bruyette & Woods, Piper Sandler, and Brean Capital acting as managers.
Completion of the second-step conversion remains subject to regulatory approvals and the sale of at least 142.4 million shares, including those issued as merger consideration to Northfield Bancorp stockholders.
• 4mo ago AI analysis › Press Release ● Critical
Columbia Financial, Inc. Announces Receipt of Stockholder and Depositor Approvals of Pending Second Step Conversion and Updated Results of Subscription Offering
Stockholders and depositors approved Columbia Financial's second-step conversion from a mutual holding company to a fully public stock holding company, alongside the simultaneous acquisition of Northfield Bancorp.
The subscription offering raised approximately $1.1 billion, and the company plans to launch a firm commitment underwritten offering for remaining shares during the week of July 6 at $10.00 per share.
Closing of the transaction is subject to regulatory approvals and the sale of at least 142.4 million shares, with Keefe, Bruyette & Woods serving as lead-left book-running manager.
• 4mo ago AI analysis › Press Release
Columbia Financial, Inc. Announces Preliminary Subscription Offering Results and Increase in Maximum Purchase Limits
Columbia Financial reported preliminary results for its second-step conversion subscription offering, receiving over 5,000 orders representing approximately $925 million.
Due to strong demand, the company increased maximum purchase limits to $8.0 million for individuals and $50.0 million for groups.
Shares not subscribed for will be offered to the public at $10.00 per share in a firm commitment underwritten offering led by Keefe, Bruyette & Woods.
• 4mo ago AI analysis › Press Release
Columbia Financial, Inc. and Northfield Bancorp, Inc. Announce Mailing of Merger Consideration Election Materials and Deadline to Elect Preferred Form of Merger Consideration
Columbia Financial has mailed election materials to Northfield Bancorp stockholders to determine the mix of stock and cash consideration they will receive upon the merger's closing.
Stockholders have until July 10, 2026, to elect their preference, with the specific exchange ratio and cash amount dependent on the final appraised full conversion value of Columbia.
The deal remains subject to standard closing conditions, including shareholder approvals and the completion of Columbia's second-step conversion.
• 4mo ago AI analysis › Press Release ⚠ 1
Columbia Financial, Inc. Announces Commencement of Second-Step Conversion Offering; Receipt of Regulatory Approvals for the Conversion and the Acquisition of Northfield Bancorp, Inc.
Columbia Financial, Inc. is commencing a second-step conversion offering of up to 192,625,000 shares of its common stock at $10.00 per share.
The company has received all necessary regulatory approvals for the conversion and the acquisition of Northfield Bancorp, Inc.
The offering is expected to commence on or about May 21, 2026, and is subject to the sale of at least 142,375,000 shares to complete the conversion.
Keefe Bruyette & Woods, Inc. is acting as the marketing agent and lead book-running manager for the offering.
• 5mo ago AI analysis › 
