Loading…
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% | -544.2% |
| 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% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 297.18 | 233.26 | 179.88 | 258.70 |
| Operating Revenue | - | 297.18 | 233.26 | 179.88 | 258.70 |
| Selling General And Administration | - | 122.38 | 132.29 | 119.58 | 128.37 |
| Interest Income | - | 307.95 | 389.79 | 443.82 | 465.60 |
| Interest Expense | - | 42.89 | 189.10 | 273.44 | 249.32 |
| Net Interest Income | - | 265.06 | 200.68 | 170.38 | 216.28 |
| Pretax Income | - | 116.88 | 46.05 | -15.91 | 67.99 |
| Tax Provision | - | 30.70 | 9.96 | -4.26 | 16.22 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.74 | -0.20 | -1.37 | 0.02 |
| Net Income Continuous Operations | - | 86.17 | 36.09 | -11.65 | 51.77 |
| Net Income From Continuing And Discontinued Operation | - | 86.17 | 36.09 | -11.65 | 51.77 |
| Net Income From Continuing Operation Net Minority Interest | - | 86.17 | 36.09 | -11.65 | 51.77 |
| Net Income | - | 86.17 | 36.09 | -11.65 | 51.77 |
| Net Income Common Stockholders | - | 86.17 | 36.09 | -11.65 | 51.77 |
| Net Income Including Noncontrolling Interests | - | 86.17 | 36.09 | -11.65 | 51.77 |
| Normalized Income | - | 88.24 | 36.80 | -7.91 | 51.71 |
| Diluted NI Availto Com Stockholders | - | 86.17 | 36.09 | -11.65 | 51.77 |
| Basic Average Shares | - | 105.58 | 102.66 | 101.68 | 101.81 |
| Diluted Average Shares | - | 106.19 | 102.89 | 101.84 | 101.81 |
| Reconciled Depreciation | - | 13.35 | 14.27 | 14.56 | 15.03 |
| Total Unusual Items | - | -2.81 | -0.91 | -5.11 | 0.07 |
| Total Unusual Items Excluding Goodwill | - | -2.81 | -0.91 | -5.11 | 0.07 |
| Special Income Charges | - | -2.81 | -0.91 | -5.11 | -0.21 |
| Restructuring And Mergern Acquisition | - | 2.81 | 0.61 | 1.66 | 0.21 |
| Gain On Sale Of Security | - | -0.19 | -10.15 | -33.26 | 1.16 |
| General And Administrative Expense | - | 119.52 | 129.49 | 117.07 | 125.95 |
| Other Gand A | 11.50 | - | - | - | - |
| Salaries And Wages | - | 116.93 | 120.85 | 109.49 | 119.15 |
| Insurance And Claims | - | 2.59 | 8.64 | 7.58 | 6.80 |
| Selling And Marketing Expense | - | 2.86 | 2.80 | 2.51 | 2.42 |
| 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 | $2.1B | 40.70↑ premium | 1.82 | 4.5% | - |
| Enterprise Financial Services Corp | EFSC | $2.2B | 11.09 | 1.14 | 10.2% | - |
| Stock Yards Bancorp, Inc. | SYBT | $2.1B | 15.11 | 1.97 | 13.0% | - |
| Banco Latinoamericano de Comercio Exterior, S. A. | BLX | $2.1B | 9.17 | 1.24 | 13.5% | - |
| Northwest Bancshares, Inc. |
| - |
| - |
| - |
| - |
| - |
| NWBI |
| $2.1B |
| 16.45 |
| 1.10 |
| 6.7% |
| - |
| LendingClub Corporation | LC | $2.0B | 14.94 | 1.35 | 9.0% | - |
| EZCORP, Inc. | EZPW | $2.0B | 18.05 | 1.93 | 10.7% | 11.23 |
| Federal Agricultural Mortgage Corporation | AGM | $2.0B | 9.53 | 1.63 | 17.1% | - |
| OFG Bancorp | OFG | $1.9B | 9.47 | 1.40 | 14.8% | - |
| Peer Median | - | 13.01 | 1.37 | 11.9% | 11.23 | |