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Columbia Financial, Inc. operates as a bank holding company for Columbia Bank that provides banking and other financial services to businesses and consumers in the United States. The company offers commercial loans, including multifamily and commercial real estate, commercial business, and construction loans; residential loans, such as one-to-four family residential real estate and one-to-four family residential loans; and consumer loans, which includes home equity loans and advances, as well as automobile, personal, unsecured, and overdraft lines of credit, as well as securities activities. It also provides deposit products, including non-interest and interest-bearing demand accounts, savings and club deposits, money market accounts, and certificates of deposit; and borrowings. In addition, the company offers title insurance products; wealth management services; and cash management services comprising remote deposit, lockbox service, sweep accounts, and escrow services. The company operates full-service banking offices in New Jersey. Columbia Financial, Inc. was founded in 1926 and is based in Fair Lawn, New Jersey. Columbia Financial, Inc. is a subsidiary of Columbia Bank MHC.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $259M | - | $52M | $59M | 4.5% | 43.8% | - |
| 2024 | $180M | - | $-12M | $26M | -1.1% | -22.9% | -132.3% |
| 2023 | $233M | - | $36M | $33M | 3.5% | -21.5% | -58.1% |
| 2022 | $297M | - | $86M | $135M | 8.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 297.18 | 233.25 | 179.88 | 258.70 |
| Pretax Income | 116.88 | 46.05 | -15.91 | 67.99 |
| Tax Provision | 30.70 | 9.96 | -4.26 | 16.22 |
| Net Income | 86.17 | 36.09 | -11.65 | 51.77 |
| Net Income Common Stockholders | 86.17 | 36.09 | -11.65 | 51.77 |
| Interest Expense | 42.89 | 189.10 | 273.44 | 249.32 |
| Interest Income | 307.95 | 389.79 | 443.82 | 465.60 |
| Selling General And Administration | 122.38 | 132.29 | 119.58 | 128.37 |
| Normalized Income | 88.24 | 36.80 | -7.91 | 51.71 |
| Basic EPS | 0.82 | 0.35 | -0.11 | 0.51 |
| Diluted EPS | 0.81 | 0.35 | -0.11 | 0.51 |
| Tax Effect Of Unusual Items | -0.74 | -0.20 | -1.37 | 0.02 |
| Tax Rate For Calcs | 0.26 | 0.22 | 0.27 | 0.24 |
| Total Unusual Items | -2.81 | -0.91 | -5.11 | 0.07 |
| Total Unusual Items Excluding Goodwill | -2.81 | -0.91 | -5.11 | 0.07 |
| Net Income From Continuing Operation Net Minority Interest | 86.17 | 36.09 | -11.65 | 51.77 |
| Reconciled Depreciation | 13.35 | 14.27 | 14.56 | 15.03 |
| Net Interest Income | 265.06 | 200.68 | 170.38 | 216.28 |
| Net Income From Continuing And Discontinued Operation | 86.17 | 36.09 | -11.65 | 51.77 |
| Diluted Average Shares | 106.19 | 102.89 | 101.84 | 101.81 |
| Basic Average Shares | 105.58 | 102.66 | 101.68 | 101.81 |
| Diluted NI Availto Com Stockholders | 86.17 | 36.09 | -11.65 | 51.77 |
| Net Income Including Noncontrolling Interests | 86.17 | 36.09 | -11.65 | 51.77 |
| Net Income Continuous Operations | 86.17 | 36.09 | -11.65 | 51.77 |
| Special Income Charges | -2.81 | -0.91 | -5.11 | -0.21 |
| Restructuring And Mergern Acquisition | 2.81 | 0.61 | 1.67 | 0.21 |
| Gain On Sale Of Security | -0.19 | -10.15 | -33.26 | 1.16 |
| Selling And Marketing Expense | 2.87 | 2.81 | 2.51 | 2.42 |
| General And Administrative Expense | 119.52 | 129.49 | 117.07 | 125.95 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 2.59 | 8.64 | 7.58 | 6.80 |
| Salaries And Wages | 116.93 | 120.85 | 109.49 | 119.15 |
| Operating Revenue | 297.18 | 233.25 | 179.88 | 258.70 |
| Occupancy And Equipment | 22.59 | 22.93 | 23.48 | 24.48 |
| Professional Expense And Contract Services Expense | 8.16 | 9.82 | 14.16 | 10.76 |
| Other Non Interest Expense | 18.88 | 16.47 | 19 | 17.08 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Columbia Financial, Inc.this co. | CLBK | $2.0B | 34.62↑ premium | 1.69 | 4.5% | - |
| Kemper Corporation | KMPR | $2.0B | 13.47 | 0.72 | 5.3% | - |
| OFG Bancorp | OFG | $2.0B | 9.38 | 1.38 | 14.8% | - |
| Skyward Specialty Insurance Group, Inc. | SKWD | $2.0B | 11.00 | 1.80 | 16.8% | 6.94 |
| Banco Latinoamericano de Comercio Exterior, S. A. | BLX |
| $2.0B |
| 8.77 |
| 1.19 |
| 13.5% |
| - |
| Patria Investments Limited | PAX | $2.0B | 18.34 | 3.19 | 14.6% | 12.28 |
| Perella Weinberg Partners | PWP | $2.0B | 45.57 | -11.23 | 13.6% | - |
| Encore Capital Group, Inc. | ECPG | $1.9B | 6.98 | 1.84 | 26.3% | 8.73 |
| Stellar Bancorp, Inc. | STEL | $1.9B | 18.45 | 1.14 | 6.2% | - |
| Peer Median | - | 12.24 | 1.29 | 14.1% | 8.73 | |