Columbia Financial ( (CLBK) ) has released its Q3 earnings. Here is a breakdown of the information Columbia Financial presented to its investors.
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Columbia Financial, Inc., a mid-tier holding company for Columbia Bank, operates in the financial services sector, providing traditional banking services to consumers and businesses through its 69 full-service banking offices. The company is headquartered in Fair Lawn, New Jersey.
Columbia Financial, Inc. reported a significant increase in net income for the third quarter of 2025, with earnings reaching $14.9 million, compared to $6.2 million in the same period last year. This growth was driven by higher net interest income and a decrease in credit loss provisions, despite an increase in non-interest expenses and income tax expenses.
Key financial highlights include a 45 basis point increase in net interest margin to 2.29%, and a loan growth of $97.1 million for the quarter. The company also recommenced its share repurchase program, buying back 183,864 shares in September 2025. Additionally, non-performing assets decreased to 0.30% of total assets, indicating improved asset quality.
For the nine months ending September 30, 2025, Columbia Financial reported a net income of $36.1 million, a substantial increase from $9.6 million in the previous year. This was attributed to increased net interest income and reduced non-interest expenses, although offset by higher income tax expenses.
Looking forward, Columbia Financial’s management remains optimistic about enhancing shareholder value through strategic initiatives such as loan mix shifts and cost reductions, while maintaining strong asset quality in a competitive market environment.