Columbia Financial, Inc. Announces Q3 2026 Financial Results and Quarterly Cash Dividend
Key Highlights
- ➤Q3 net income $5.2 million, or $0.02 per share, versus $14.9 million
- ➤Core net income $40.6 million, or $0.16 per share, versus $15.4 million
- ➤Northfield acquisition added $5.2 billion in assets, $3.2 billion loans, and $3.8 billion deposits
- ➤Net interest margin 2.96%, up 67 basis points year over year
- ➤Second-step offering raised approximately $1.6 billion of net common equity
Expert Statements
Thomas J. Kemly, President and Chief Executive Officer of Columbia Financial, Inc.
“During the quarter, our team successfully completed the second-step conversion offering and simultaneous acquisition of Northfield Bancorp, Inc. (“Northfield”), and executed a series of transactions to improve earnings, reduce interest rate and credit risk on the balance sheet by selling securities and delinquent, nonperforming and criticized and classified assets, as well as, materially reducing our exposure to New York City rent regulated multifamily loans.”
Thomas J. Kemly, President and Chief Executive Officer of Columbia Financial, Inc.
“In addition, we continue to attract experienced commercial bankers and other professionals to grow our Company and deliver premier lending, deposit and treasury solutions to deploy our capital and to capture current market share in the markets we serve. We continue to believe that our approach to community relationship banking, and our disciplined focus on capital deployment will drive strong earnings growth and stockholder returns.”
FAIR LAWN, N.J., Oct. 29, 2026 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK), the holding company for Columbia Bank ("Columbia"), reported net income of $5.2 million, or $0.02 per basic and diluted share, for the quarter ended September 30, 2026, as compared to $14.9 million, or $0.07 per basic and diluted share, for the quarter ended September 30, 2025. For the nine months ended September 30, 2026, the Company reported net income of $32.8 million, or $0.14 per basic and diluted share, as compared to $36.1 million, or $0.16 per basic and diluted share, for the nine months ended September 30, 2025.
For the quarter ended September 30, 2026, the Company reported core net income (a non-GAAP financial measure) of $40.6 million, or $0.16 per basic and diluted share, as compared to $15.4 million, or $0.07 per basic and diluted share for the quarter ended September 30, 2025. For the nine months ended September 30, 2026, the Company reported core net income of $70.6 million, or $0.30 per basic and diluted share, as compared to $37.1 million, or $0.17 per basic and diluted share for the nine months ended September 30, 2025. See the "Reconciliation of GAAP to Non-GAAP Financial Measures" included in this release, detailing non-core items, related core net income, per share amounts and select performance ratios.
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