Columbia Financial (CLBK)
Market Price (7/28/2026): $10.855 | Market Cap: $1.1 BilSector: Financials | Industry: Regional Banks
Columbia Financial (CLBK)
Market Price (7/28/2026): $10.855Market Cap: $1.1 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.1%, FCF Yield is 5.9% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40% Low stock price volatilityVol 12M is 28% Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. | Trading close to highsDist 52W High is -2.6%, Dist 3Y High is -2.6% Weak multi-year price returns3Y Excs Rtn is -35% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.53 | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.6% Uninsured deposits are highUninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 81% Key risksCLBK key risks include [1] a history of weak revenue growth and poor profitability, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.1%, FCF Yield is 5.9% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40% |
| Low stock price volatilityVol 12M is 28% |
| Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments. |
| Trading close to highsDist 52W High is -2.6%, Dist 3Y High is -2.6% |
| Weak multi-year price returns3Y Excs Rtn is -35% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 10.53 |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.6% |
| Uninsured deposits are highUninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 81% |
| Key risksCLBK key risks include [1] a history of weak revenue growth and poor profitability, Show more. |
Qualitative Assessment
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Columbia Financial (CLBK) stock has gained about 35% since 3/31/2026 because of the following key factors:
1. Successful Completion of Second-Step Conversion and $1.7 Billion Stock Offering.
Columbia Financial completed its second-step conversion into a fully public company, which included a public stock offering of 167,236,353 common shares at $10.00 per share, raising approximately $1.7 billion in gross proceeds. This significant capital raise, which was finalized around July 20, 2026, was viewed by the market as a strong catalyst to unlock value, simplify the company’s structure, and provide a robust financial cushion for future growth and lending.
2. Strategic Acquisition of Northfield Bancorp.
Coinciding with its conversion, Columbia Financial closed the acquisition of Northfield Bancorp for $580 million. This acquisition expanded Columbia Financial's operational footprint to over 100 branches across New Jersey and New York and increased its pro forma assets to approximately $18.0 billion, deposits to $12.5 billion, and loans held for investment to $11.9 billion as of March 31, 2026. Northfield shareholders received a combination of cash and stock, with the final consideration targeted at 70% stock and 30% cash.
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Columbia Financial (CLBK) stock has gained about 35% since 3/31/2026 because of the following key factors:
1. Successful Completion of Second-Step Conversion and $1.7 Billion Stock Offering.
Columbia Financial completed its second-step conversion into a fully public company, which included a public stock offering of 167,236,353 common shares at $10.00 per share, raising approximately $1.7 billion in gross proceeds. This significant capital raise, which was finalized around July 20, 2026, was viewed by the market as a strong catalyst to unlock value, simplify the company’s structure, and provide a robust financial cushion for future growth and lending.
2. Strategic Acquisition of Northfield Bancorp.
Coinciding with its conversion, Columbia Financial closed the acquisition of Northfield Bancorp for $580 million. This acquisition expanded Columbia Financial's operational footprint to over 100 branches across New Jersey and New York and increased its pro forma assets to approximately $18.0 billion, deposits to $12.5 billion, and loans held for investment to $11.9 billion as of March 31, 2026. Northfield shareholders received a combination of cash and stock, with the final consideration targeted at 70% stock and 30% cash.
3. Improved Financial Metrics in Fiscal Q1 2026.
Despite missing analyst estimates for earnings per share (EPS) by $0.01, reporting $0.15 versus an estimated $0.16, and revenue by $2.96 million, reporting $67.14 million against estimates of $70.10 million for fiscal Q1 2026 (ended March 31, 2026), Columbia Financial reported a net income of $13.1 million, a $4.2 million increase from fiscal Q1 2025. The company's net interest margin notably increased by 31 basis points to 2.42% in fiscal Q1 2026 compared to 2.11% in fiscal Q1 2025, driven by an increase in the average yield on interest-earning assets and a decrease in the average cost of interest-bearing liabilities.
4. Positive Macroeconomic Trends in the Regional Banking Sector.
The broader U.S. regional banking sector experienced better-than-expected performance in fiscal Q2 2026, alleviating credit market concerns. An index of 100 regional bank stocks collectively exceeded analyst revenue estimates by approximately 1.2%. This strong sector performance was attributed to steady loan growth, disciplined cost control, robust non-interest income, and supportive higher interest rates which bolstered net interest income. These positive macroeconomic factors contributed to a more favorable investment environment for regional banks like Columbia Financial.
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Stock Movement Drivers
Fundamental Drivers
The 36.3% change in CLBK stock from 3/31/2026 to 7/27/2026 was primarily driven by a 25.9% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 7272026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.96 | 10.85 | 36.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 259 | 267 | 3.2% |
| Net Income Margin (%) | 20.0% | 21.0% | 4.7% |
| P/E Multiple | 15.6 | 19.6 | 25.9% |
| Shares Outstanding (Mil) | 101 | 101 | 0.1% |
| Cumulative Contribution | 36.3% |
Market Drivers
3/31/2026 to 7/27/2026| Return | Correlation | |
|---|---|---|
| CLBK | 36.3% | |
| Market (SPY) | 13.6% | 18.3% |
| Sector (XLF) | 15.2% | 32.2% |
Fundamental Drivers
The 53.6% change in CLBK stock from 12/31/2025 to 7/27/2026 was primarily driven by a 200.1% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 7272026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.06 | 10.85 | 53.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 213 | 267 | 25.6% |
| Net Income Margin (%) | 7.0% | 21.0% | 200.1% |
| P/E Multiple | 48.5 | 19.6 | -59.5% |
| Shares Outstanding (Mil) | 102 | 101 | 0.8% |
| Cumulative Contribution | 53.6% |
Market Drivers
12/31/2025 to 7/27/2026| Return | Correlation | |
|---|---|---|
| CLBK | 53.6% | |
| Market (SPY) | 8.7% | 25.5% |
| Sector (XLF) | 4.4% | 42.7% |
Fundamental Drivers
The 64.5% change in CLBK stock from 6/30/2025 to 7/27/2026 was primarily driven by a 41.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302025 | 7272026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.60 | 10.85 | 64.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 189 | 267 | 41.3% |
| P/S Multiple | 3.6 | 4.1 | 15.8% |
| Shares Outstanding (Mil) | 102 | 101 | 0.5% |
| Cumulative Contribution | 64.5% |
Market Drivers
6/30/2025 to 7/27/2026| Return | Correlation | |
|---|---|---|
| CLBK | 64.5% | |
| Market (SPY) | 20.6% | 31.2% |
| Sector (XLF) | 9.9% | 46.1% |
Fundamental Drivers
The 38.1% change in CLBK stock from 6/30/2023 to 7/27/2026 was primarily driven by a 101.7% change in the company's P/E Multiple.| (LTM values as of) | 6302023 | 7272026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.86 | 10.85 | 38.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 296 | 267 | -9.9% |
| Net Income Margin (%) | 28.5% | 21.0% | -26.5% |
| P/E Multiple | 9.7 | 19.6 | 101.7% |
| Shares Outstanding (Mil) | 105 | 101 | 3.3% |
| Cumulative Contribution | 38.1% |
Market Drivers
6/30/2023 to 7/27/2026| Return | Correlation | |
|---|---|---|
| CLBK | 38.1% | |
| Market (SPY) | 72.6% | 39.4% |
| Sector (XLF) | 76.3% | 52.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CLBK Return | 34% | 4% | -11% | -18% | -2% | 54% | 54% |
| Peers Return | 47% | -8% | -9% | 4% | 11% | 30% | 84% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| CLBK Win Rate | 58% | 58% | 50% | 42% | 42% | 86% | |
| Peers Win Rate | 73% | 43% | 45% | 48% | 55% | 74% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| CLBK Max Drawdown | -12% | -17% | -34% | -28% | -20% | -7% | |
| Peers Max Drawdown | -18% | -29% | -46% | -29% | -25% | -12% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: VLY, PFS, OCFC, CNOB, PGC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/27/2026 (YTD)
How Low Can It Go
| Event | CLBK | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -17.1% | -18.8% |
| % Gain to Breakeven | 20.7% | 23.1% |
| Time to Breakeven | 150 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -17.5% | -9.5% |
| % Gain to Breakeven | 21.3% | 10.5% |
| Time to Breakeven | 71 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -29.7% | -6.7% |
| % Gain to Breakeven | 42.2% | 7.1% |
| Time to Breakeven | 1133 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.7% | -33.7% |
| % Gain to Breakeven | 38.3% | 50.9% |
| Time to Breakeven | 354 days | 140 days |
In The Past
Columbia Financial's stock fell -17.1% during the 2025 US Tariff Shock. Such a loss loss requires a 20.7% gain to breakeven.
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| Event | CLBK | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -29.7% | -6.7% |
| % Gain to Breakeven | 42.2% | 7.1% |
| Time to Breakeven | 1133 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.7% | -33.7% |
| % Gain to Breakeven | 38.3% | 50.9% |
| Time to Breakeven | 354 days | 140 days |
In The Past
Columbia Financial's stock fell -17.1% during the 2025 US Tariff Shock. Such a loss loss requires a 20.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Columbia Financial (CLBK)
Columbia Financial, Inc. (CLBK) is a bank holding company that delivers a comprehensive suite of financial services to both businesses and individual consumers. Operating predominantly within New Jersey, the company functions as a community-oriented bank, providing essential banking services including deposit accounts and various lending products.
The company's primary offerings encompass a range of deposit options such as non-interest-bearing and interest-earning checking accounts, savings accounts, money market accounts, and certificates of deposit. For lending, CLBK focuses on multifamily and commercial real estate loans, commercial business loans, and one-to-four family residential loans. They also extend construction loans, home equity products, and other consumer loans like automobile and personal loans. Complementing these core services, Columbia Financial offers title insurance, wealth management, and cash management solutions.
Columbia Financial serves a broad customer base comprising businesses and consumers across New Jersey. As of late 2021, its physical presence included 62 full-service banking offices spread across 12 of New Jersey's 21 counties, alongside two additional branch offices. This concentrated regional footprint allows CLBK to cater effectively to the specific financial needs of its local communities and clientele.
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Here are a couple of analogies for Columbia Financial (CLBK):
- It's like a smaller, New Jersey-focused version of Bank of America, providing a full suite of banking services to individuals and businesses.
- Think of it as a regional version of Wells Fargo, serving New Jersey with traditional banking, lending, and wealth management services.
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- Deposit Accounts: Offers a range of accounts including non-interest-bearing and interest-bearing checking, savings, money market, and certificates of deposit for individuals and businesses.
- Real Estate Loans: Provides financing for multifamily, commercial, one-to-four family residential, and construction properties.
- Commercial Business Loans: Supplies loans specifically designed to meet the financial needs of commercial businesses.
- Consumer Loans: Includes home equity loans, automobile and personal loans, as well as unsecured and overdraft lines of credit.
- Title Insurance Products: Offers specialized insurance products related to property titles.
- Wealth Management Services: Provides professional services to assist clients with managing their financial assets and investments.
- Cash Management Services: Delivers essential services such as remote deposit, lockbox service, and sweep accounts for businesses.
AI Analysis | Feedback
Columbia Financial, Inc. (CLBK) is a bank holding company that provides a broad range of financial services to both businesses and consumers. As a bank, its customer base is highly diversified and does not consist of a few identifiable major corporate customers. Instead, it serves a multitude of individual and business clients.
Given the nature of its business, CLBK primarily serves various categories of individual and business customers rather than a handful of specific companies. The major customer categories Columbia Financial serves include:
- Individual Retail Consumers: This category includes individuals and households utilizing the bank for personal financial needs such as checking accounts, savings accounts, money market accounts, certificates of deposit, one-to-four family residential loans, home equity loans and advances, automobile loans, and other personal loans. These customers also access wealth management services.
- Commercial Businesses: This segment comprises various small to medium-sized businesses that use the bank for commercial checking accounts, commercial business loans, commercial real estate loans, and specialized cash management services like remote deposit, lockbox services, and sweep accounts.
- Real Estate Investors and Developers: This category encompasses individuals and entities involved in property development and investment, specifically utilizing the bank's services for multifamily real estate loans, commercial real estate loans, and construction loans.
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Thomas J. Kemly, President and Chief Executive Officer
Thomas J. Kemly was appointed President and CEO of Columbia Bank in 2012 and Columbia Financial, Inc. in 2011. He has over 40 years of experience in the banking industry. Mr. Kemly began his career at Columbia Bank in 1981, holding various positions including Chief Financial Officer and Chief Operating Officer before becoming President. He has led the bank through significant growth, including Columbia Financial, Inc.'s IPO in 2018 and strategic acquisitions. Mr. Kemly serves on the Board of Directors for the Federal Home Loan Bank of New York and the Commerce and Industry Association of New Jersey. He previously served as Chairman and Board Member of the New Jersey Bankers Association.
Thomas F. Splaine, Jr., Executive Vice President and Chief Financial Officer
Thomas F. Splaine, Jr. was appointed Executive Vice President and Chief Financial Officer of Columbia Financial, Inc. and Columbia Bank in January 2026. He joined Columbia in 2025 as First Senior Vice President and Chief Accounting Officer. Mr. Splaine brings over 35 years of experience in banking, finance, accounting, mergers and acquisitions, investor and regulatory relations, and strategic planning. Prior to joining Columbia, he served as Executive Vice President and Chief Financial Officer at Lakeland Bancorp and Investors Bancorp. Earlier in his career, he was a Senior Audit Manager at KPMG LLP. Mr. Splaine holds an MBA and a Bachelor of Science in Accounting from Rider University.
Allyson Schlesinger, Senior Executive Vice President and Head of Consumer Banking
Allyson Schlesinger was appointed Executive Vice President and Head of Consumer Banking of Columbia Bank in September 2018. In this role, she is responsible for the retail banking, retail lending, wealth management, and marketing divisions of the Bank. Before joining Columbia, Ms. Schlesinger spent 25 years with Citigroup, Inc., where her most recent position was Managing Director, U.S. Retail and Division Manager for the New York City and New Jersey markets. She holds a Bachelor's degree from the University of Michigan.
Dennis E. Gibney, First Senior Executive Vice President and Chief Banking Officer
Dennis E. Gibney was promoted to First Senior Executive Vice President and Chief Banking Officer in January 2026. He joined Columbia in 2014 as Executive Vice President and Chief Financial Officer and was appointed Senior Executive Vice President and Chief Financial Officer in May 2025. Mr. Gibney has 17 years of prior banking experience and previously served as Principal at FinPro Capital Advisors, Inc., an investment banking and consulting firm. He played a key role in the Company's 2018 initial public offering and helped expand the Company's asset base and complete four acquisitions within a five-year period. Mr. Gibney graduated Magna Cum Laude from Babson College with a triple major in Finance, Investments, and Economics, and holds a Chartered Financial Analyst (CFA) designation.
Matthew William Rickert, Executive Vice President & Chief Credit Officer
Matthew William Rickert serves as the Executive Vice President & Chief Credit Officer at Columbia Financial, Inc. In this position, he is responsible for overseeing all aspects of the company's credit operations, including the development of credit policies, loan underwriting standards, and managing credit risk.
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The key risks for Columbia Financial, Inc. (CLBK) include:
-
Credit Risk: Columbia Financial's business is significantly exposed to credit risk due to its extensive loan portfolio, which includes multifamily and commercial real estate loans, commercial business loans, one-to-four family residential loans, and construction loans. An economic downturn, particularly within its primary operating region of New Jersey, or a decline in real estate values, could lead to increased loan defaults and negatively impact the company's financial performance.
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Interest Rate Risk: As a bank holding company, Columbia Financial's profitability is highly sensitive to changes in interest rates. Fluctuations in interest rates can significantly affect the company's net interest margin (NIM), which is the difference between interest earned on assets (like loans) and interest paid on liabilities (like deposits). A "poor" and "weak" net interest margin has been identified as a specific concern for Columbia Financial, indicating that changes in interest rates could disproportionately impact its earnings.
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Geographic Concentration Risk: Columbia Financial operates 62 full-service banking offices across 12 of New Jersey's 21 counties, with its headquarters in Fair Lawn, New Jersey. This high concentration in a specific geographic region makes the company particularly vulnerable to local economic conditions, regulatory changes, and competitive pressures within New Jersey. A localized economic downturn or adverse market volatility in the state could have a significant and concentrated impact on its loan portfolio, deposit base, and overall business operations.
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The clear emerging threat to Columbia Financial (CLBK) is the proliferation of digital-only banks (neobanks) and specialized financial technology (fintech) companies. These entities leverage technology to offer banking, lending, and wealth management services with lower overhead costs due to a lack of physical branches. This allows them to offer more competitive rates, lower fees, and often superior user experiences through mobile apps and online platforms, directly challenging traditional banks like CLBK that rely on a branch-based model and established legacy systems. This trend threatens to erode CLBK's customer base, particularly among younger demographics and those seeking convenience and cost efficiency, and to capture market share in key banking products like deposits, loans, and wealth management services.
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Columbia Financial, Inc. (CLBK) operates primarily in New Jersey, offering a range of financial services. The addressable markets for its main products and services in its operating regions are as follows:
- Deposits: The total bank deposits market in New Jersey was approximately $431 billion in 2024.
- Residential Mortgage Loans: New home loans booked in New Jersey totaled $29.1 billion in 2024.
- Commercial Business Loans: The market for small business loans in New Jersey was $21.6 billion in 2024.
- Commercial Real Estate Loans: The total commercial real estate (CRE) mortgage borrowing and lending market in the United States was estimated at $498 billion in 2024.
- Title Insurance Products: The U.S. title insurance industry generated $16.2 billion in premiums during 2024.
- Wealth Management Services: The wealth management market in North America was valued at approximately $937.45 billion in 2023.
- Other Consumer Loans (Automobiles and Personal Loans): Null
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Columbia Financial, Inc. (CLBK) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Strategic Acquisitions and Market Expansion: Columbia Financial plans to expand its market reach and customer base through strategic acquisitions, such as the recent integration of Northfield Bancorp, Inc., and the merger with Freehold Bank finalized in October 2024. This strategy is designed to boost its presence and capabilities in its main markets.
- Growth in Commercial Lending: The company is strategically managing its loan portfolio by emphasizing commercial lending and de-emphasizing residential real estate. This focus on expanding commercial lending is a key part of improving its asset mix.
- Technological Innovation and Digital Transformation: Columbia Financial recognizes the need for technological advancement to innovate and enhance its digital offerings. Its "Project Horizon Initiative," a three-year digital transformation plan, aims to drive operational efficiency and create new, scalable revenue channels through cutting-edge technology and digital platform enhancements.
- Diversification of Revenue through Fee-Based Services: The bank is actively working to diversify its revenue beyond traditional lending. It aims to increase fee-based income from wealth management and treasury services to 25% of total revenue by 2027, up from 19% in 2024. The company's foray into insurance and wealth management services has already diversified its revenue streams.
- Net Interest Margin (NIM) Expansion: Columbia Financial anticipates revenue growth from the stabilization and expansion of its net interest margin. Higher net interest income, resulting from increases in interest income and decreases in interest expense, contributed to improved earnings in the quarter ended December 31, 2025.
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Share Repurchases
- In September 2025, Columbia Financial's Board of Directors authorized a new stock repurchase program to acquire up to 1,800,000 common shares, representing approximately 1.7% of the company's issued and outstanding common stock, for a one-year period.
- In December 2021, the Board approved a share repurchase plan for up to 5 million shares, or approximately 4.6% of its outstanding shares, with no expiry date. This plan became effective after the completion of a previous program, under which 1.2 million shares remained to be repurchased as of November 30, 2021.
Share Issuance
- Columbia Financial Inc. filed for an offering of up to 192.63 million shares of common stock in March 2026.
- In February 2026, in connection with a proposed merger with Northfield Bancorp, Inc., a newly formed Maryland corporation (Holding Company) intends to issue shares of Holding Company common stock. This issuance includes shares related to the proposed transaction and a "second step conversion offering."
Outbound Investments
- Columbia Financial, Inc. and Northfield Bancorp, Inc. announced plans to merge in February 2026.
- In December 2021, Columbia Financial entered into a stock deal to acquire New Jersey-based RSI Bank, with the acquisition expected to close in the second quarter of 2022.
- Columbia Financial completed the acquisition of Freehold Bank in December 2021, an acquisition that was initially announced in June 2021.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 21.73 |
| Mkt Cap | 1.4 |
| Rev LTM | 415 |
| Op Inc LTM | - |
| FCF LTM | 103 |
| FCF 3Y Avg | 88 |
| CFO LTM | 111 |
| CFO 3Y Avg | 94 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 19.0% |
| Rev Chg 3Y Avg | 4.7% |
| Rev Chg Q | 13.6% |
| QoQ Delta Rev Chg LTM | 3.1% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 27.4% |
| CFO/Rev 3Y Avg | 26.5% |
| FCF/Rev LTM | 25.2% |
| FCF/Rev 3Y Avg | 24.8% |
Price Behavior
| Market Price | $10.85 | |
| Market Cap ($ Bil) | 1.1 | |
| First Trading Date | 04/20/2018 | |
| Distance from 52W High | -2.6% | |
| 50 Days | 200 Days | |
| DMA Price | $9.56 | $8.13 |
| DMA Trend | up | up |
| Distance from DMA | 13.5% | 33.5% |
| 3M | 1YR | |
| Volatility | 26.2% | 28.4% |
| Downside Capture | -15.57 | 32.69 |
| Upside Capture | 107.36 | 89.52 |
| Correlation (SPY) | 11.5% | 30.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.05 | 0.35 | 0.43 | 0.57 | 0.75 | 0.82 |
| Up Beta | -1.39 | -0.64 | 0.06 | 0.37 | 0.92 | 0.82 |
| Down Beta | 0.24 | -0.06 | -0.07 | 0.37 | 0.74 | 0.75 |
| Up Capture | 72% | 105% | 93% | 98% | 77% | 56% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 13 | 27 | 43 | 67 | 128 | 369 |
| Down Capture | 9% | 59% | 63% | 47% | 61% | 97% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 8 | 14 | 20 | 57 | 119 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CLBK | |
|---|---|---|---|---|
| CLBK | 66.7% | 28.3% | 1.79 | - |
| Sector ETF (XLF) | 8.5% | 14.7% | 0.34 | 44.9% |
| Equity (SPY) | 17.6% | 12.7% | 1.00 | 30.5% |
| Gold (GLD) | 20.8% | 28.1% | 0.66 | -1.9% |
| Commodities (DBC) | 29.6% | 19.5% | 1.21 | -14.2% |
| Real Estate (VNQ) | 13.9% | 14.1% | 0.69 | 31.3% |
| Bitcoin (BTCUSD) | -46.0% | 43.0% | -1.31 | 15.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CLBK | |
|---|---|---|---|---|
| CLBK | 6.7% | 31.4% | 0.25 | - |
| Sector ETF (XLF) | 12.0% | 18.4% | 0.51 | 46.8% |
| Equity (SPY) | 13.2% | 17.1% | 0.59 | 34.4% |
| Gold (GLD) | 17.2% | 18.4% | 0.75 | -3.7% |
| Commodities (DBC) | 9.7% | 19.5% | 0.38 | 3.5% |
| Real Estate (VNQ) | 3.3% | 18.9% | 0.07 | 36.1% |
| Bitcoin (BTCUSD) | 15.8% | 53.5% | 0.47 | 15.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CLBK | |
|---|---|---|---|---|
| CLBK | 4.5% | 29.6% | 0.23 | - |
| Sector ETF (XLF) | 13.6% | 22.0% | 0.56 | 55.2% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 44.5% |
| Gold (GLD) | 11.4% | 16.1% | 0.58 | -2.4% |
| Commodities (DBC) | 6.9% | 18.0% | 0.30 | 12.6% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 44.0% |
| Bitcoin (BTCUSD) | 58.0% | 66.2% | 0.98 | 16.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/20/2026 | -2.2% | 0.6% | 6.5% |
| 2/2/2026 | 8.9% | 13.8% | 13.2% |
| 10/20/2025 | 7.1% | 8.5% | 3.9% |
| 7/30/2025 | 3.2% | 2.3% | 8.2% |
| 4/30/2025 | 9.1% | 13.5% | 6.2% |
| 1/28/2025 | -3.6% | -4.3% | -1.0% |
| 10/24/2024 | -0.8% | 1.5% | 6.3% |
| 7/31/2024 | 1.5% | -6.5% | -1.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 12 |
| # Negative | 13 | 11 | 11 |
| Median Positive | 2.4% | 2.8% | 6.3% |
| Median Negative | -6.5% | -6.5% | -4.8% |
| Max Positive | 9.1% | 13.8% | 13.2% |
| Max Negative | -13.8% | -19.8% | -14.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/20/2026 | -2.2% | 0.6% | 6.5% |
| 2/2/2026 | 8.9% | 13.8% | 13.2% |
| 10/20/2025 | 7.1% | 8.5% | 3.9% |
| 7/30/2025 | 3.2% | 2.3% | 8.2% |
| 4/30/2025 | 9.1% | 13.5% | 6.2% |
| 1/28/2025 | -3.6% | -4.3% | -1.0% |
| 10/24/2024 | -0.8% | 1.5% | 6.3% |
| 7/31/2024 | 1.5% | -6.5% | -1.3% |
| 4/30/2024 | -11.3% | -6.5% | -12.2% |
| 1/25/2024 | -0.6% | -9.2% | -14.4% |
| 10/25/2023 | 2.4% | 3.8% | 8.5% |
| 7/26/2023 | -11.7% | -6.5% | -9.6% |
| 4/26/2023 | -6.7% | -19.8% | -14.7% |
| 1/25/2023 | -8.7% | -6.1% | -1.3% |
| 10/26/2022 | -13.8% | -2.7% | 0.0% |
| 7/27/2022 | -7.5% | -10.3% | -4.8% |
| 4/27/2022 | -6.5% | -3.5% | -1.8% |
| 10/27/2021 | 1.4% | 4.6% | 0.0% |
| 7/28/2021 | 2.5% | 3.4% | 5.2% |
| 4/28/2021 | 1.7% | 0.4% | -3.0% |
| 1/27/2021 | 0.6% | 0.6% | 4.7% |
| 10/29/2020 | -5.7% | 0.9% | 11.2% |
| 7/29/2020 | -0.4% | -7.1% | -13.5% |
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 12 |
| # Negative | 13 | 11 | 11 |
| Median Positive | 2.4% | 2.8% | 6.3% |
| Median Negative | -6.5% | -6.5% | -4.8% |
| Max Positive | 9.1% | 13.8% | 13.2% |
| Max Negative | -13.8% | -19.8% | -14.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/06/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/06/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/01/2022 | 10-K |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/09/2021 | 10-Q |
| 03/31/2021 | 05/10/2021 | 10-Q |
| 12/31/2020 | 03/01/2021 | 10-K |
| 09/30/2020 | 11/09/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 03/02/2020 | 10-K |
| 09/30/2019 | 11/12/2019 | 10-Q |
| 06/30/2019 | 08/13/2019 | 10-Q |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Regional Banks Resources |
| Bank Director |
| Independent Banker |
| S&P Global Market Intelligence |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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