Columbia Financial reports Q1 EPS 9c, consensus 9c

Reports Q1 tangible book value per share $9.35. Reports Q1 CET1 capital ratio 13.21%. Reports Q1 net charge-offs .04%. Thomas Kemly, president and CEO, commented: “During the first quarter of 2025, the Company was able to increase earnings, expand our net interest margin and reduce overall funding costs mainly due to a balance sheet repositioning strategy implemented in the fourth quarter of 2024. We also experienced solid loan growth and an increase in deposits while reducing our overall operating costs. It continues to be challenging to operate in such a volatile economic environment, but we are focused on managing the balance sheet mix and controlling operating expenses while remaining committed to investments in talent and systems that will support future growth.”