CLBK
CLBKCIK 0002115119
Mega by assets
Assets $12.2B
as of Aug 31, 2026
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10-Q
Filed Aug 7, 2026
· Period ending Jun 30, 2026
Summary not yet generated.
8-K
Filed Jul 30, 2026
· Period ending Jul 30, 2026
Summary not yet generated.
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8-K
Filed Jul 17, 2026
· Period ending Jul 16, 2026
Summary not yet generated.
424B3
Filed Jul 17, 2026
Summary not yet generated.
8-K
Filed Jun 29, 2026
· Period ending Jun 23, 2026
Summary not yet generated.
10-Q
Filed Jun 9, 2026
· Period ending Mar 31, 2026
Summary not yet generated.
S-1/A
Filed May 5, 2026
Red flag
Columbia Financial sets $10.00/share preliminary price for up to 192.6M-share mutual-to-stock conversion offering
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Latest financial statements
From 10-Q filed Aug 7, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Income
(In thousands, except per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Interest income: | ||||
| Loans receivable | 103,340 | 99,646 | 205,492 | 194,756 |
| Debt securities available for sale and equity securities | 11,315 | 10,301 | 21,538 | 20,043 |
| Debt securities held to maturity | 2,851 | 2,922 | 5,607 | 5,733 |
| Federal funds and interest-earning deposits | 3,307 | 2,443 | 5,687 | 5,301 |
| Federal Home Loan Bank and Federal Reserve Bank stock dividends | 1,438 | 1,179 | 2,798 | 2,821 |
| Total interest income | 122,251 | 116,491 | 241,122 | 228,654 |
| Interest expense: | ||||
| Deposits | 46,135 | 49,344 | 92,446 | 99,489 |
| Borrowings | 13,198 | 13,444 | 25,367 | 25,137 |
| Total interest expense | 59,333 | 62,788 | 117,813 | 124,626 |
| Net interest income | 62,918 | 53,703 | 123,309 | 104,028 |
| Provision for credit losses | 4,312 | 2,468 | 5,268 | 5,401 |
| Net interest income after provision for credit losses | 58,606 | 51,235 | 118,041 | 98,627 |
| Non-interest income: | ||||
| Demand deposit account fees | 2,091 | 2,015 | 4,137 | 3,903 |
| Bank-owned life insurance | 2,741 | 1,990 | 4,914 | 3,849 |
| Title insurance fees | 829 | 861 | 1,487 | 1,507 |
| Loan fees and service charges | 1,791 | 1,744 | 2,985 | 2,800 |
| Gain on securities transactions | — | 336 | — | 336 |
| Change in fair value of equity securities | 182 | 272 | (982) | 580 |
| Gain (loss) on sale of loans | 755 | (15) | 775 | 500 |
| Gain on sale of other real estate owned | — | 281 | — | 281 |
| Other non-interest income | 2,441 | 2,689 | 4,261 | 4,888 |
| Total non-interest income | 10,830 | 10,173 | 17,577 | 18,644 |
| Non-interest expense: | ||||
| Compensation and employee benefits | 31,965 | 28,933 | 63,062 | 57,516 |
| Occupancy | 6,782 | 5,968 | 13,579 | 12,153 |
| Federal deposit insurance premiums | 1,827 | 1,739 | 3,412 | 3,619 |
| Advertising | 665 | 563 | 1,313 | 1,094 |
| Professional fees | 2,224 | 3,519 | 3,618 | 6,034 |
| Data processing and software expenses | 4,966 | 4,103 | 9,618 | 8,164 |
| Merger-related expenses | 819 | — | 2,642 | — |
| Other non-interest expense, net | 169 | 81 | (340) | 171 |
| Total non-interest expense | 49,417 | 44,906 | 96,904 | 88,751 |
| Income before income tax expense | 20,019 | 16,502 | 38,714 | 28,520 |
| Income tax expense | 5,533 | 4,197 | 11,129 | 7,315 |
| Net Income | 14,486 | 12,305 | 27,585 | 21,205 |
| Earnings per share-basic | 0.14 | 0.12 | 0.27 | 0.21 |
| Earnings per share-diluted | 0.14 | 0.12 | 0.27 | 0.21 |
| Weighted average shares outstanding-basic | 101,367,978 | 101,985,784 | 101,317,739 | 101,898,636 |
| Weighted average shares outstanding-diluted | 101,946,380 | 101,985,784 | 101,708,284 | 101,898,636 |
| See accompanying notes to unaudited consolidated financial statements. | ||||
Consolidated Statements of Financial Condition
(In thousands, except share and per share data)
| Description | June 30, 2026 (Unaudited) | December 31, 2025 |
|---|---|---|
| Cash and due from banks | 1,089,479 | 340,695 |
| Short-term investments | 112 | 111 |
| Total cash and cash equivalents | 1,089,591 | 340,806 |
| Debt securities available for sale, at fair value | 1,259,489 | 1,122,017 |
| Debt securities held to maturity, at amortized cost (fair value of $362,292 and $367,289 at June 30, 2026 and December 31, 2025, respectively) | 393,576 | 396,233 |
| Equity securities, at fair value | 5,820 | 6,802 |
| Federal Home Loan Bank and Federal Reserve Bank stock, at cost | 81,849 | 64,604 |
| Loans receivable | 8,493,610 | 8,292,010 |
| Less: allowance for credit losses | 71,065 | 67,201 |
| Loans receivable, net | 8,422,545 | 8,224,809 |
| Accrued interest receivable | 42,372 | 41,490 |
| Office properties and equipment, net | 82,796 | 82,985 |
| Bank-owned life insurance ("BOLI") | 285,184 | 283,094 |
| Goodwill and intangible assets | 119,074 | 120,302 |
| Other real estate owned | 5,923 | — |
| Other assets | 384,986 | 335,651 |
| Total assets | 12,173,205 | 11,018,793 |
| Liabilities and Stockholders' Equity | ||
| Liabilities: | ||
| Deposits | 9,502,065 | 8,444,079 |
| Borrowings | 1,218,452 | 1,183,472 |
| Advance payments by borrowers for taxes and insurance | 51,068 | 45,792 |
| Accrued expenses and other liabilities | 205,410 | 184,722 |
| Total liabilities | 10,976,995 | 9,858,065 |
| Stockholders' equity: | ||
| Preferred stock, $0.01 par value. 10,000,000 shares authorized; none issued and outstanding at June 30, 2026 and December 31, 2025 | — | — |
| Common stock, $0.01 par value. 500,000,000 shares authorized; 131,799,539 shares issued and 104,055,967 shares outstanding at June 30, 2026, and 131,624,028 shares issued and 103,984,649 shares outstanding at December 31, 2025 | 1,318 | 1,316 |
| Additional paid-in capital | 811,340 | 806,581 |
| Retained earnings | 961,302 | 933,717 |
| Accumulated other comprehensive loss | (71,978) | (75,972) |
| Treasury stock, at cost; 27,743,572 shares at June 30, 2026 and 27,639,379 shares at December 31, 2025 | (478,144) | (476,133) |
| Common stock held by the Employee Stock Ownership Plan | (26,809) | (27,935) |
| Stock held by Rabbi Trust | (3,446) | (3,479) |
| Deferred compensation obligations | 2,627 | 2,633 |
| Total stockholders' equity | 1,196,210 | 1,160,728 |
| Total liabilities and stockholders' equity | 12,173,205 | 11,018,793 |
| See accompanying notes to unaudited consolidated financial statements. | ||
Consolidated Statements of Cash Flows
(In thousands, unaudited)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | 27,585 | 21,205 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Amortization of deferred loan costs, fees and purchased premiums and discounts | 3,631 | 2,941 |
| Net amortization (accretion) of premiums and discounts on securities | (1,808) | (1,915) |
| Net amortization of mortgage servicing rights | 106 | 98 |
| Amortization of intangible assets | 1,122 | 1,031 |
| Depreciation and amortization of office properties and equipment | 4,639 | 4,218 |
| Amortization of operating lease right-of-use assets | 2,111 | 1,995 |
| Provision for credit losses | 5,268 | 5,401 |
| Gain on securities transactions | — | (336) |
| Change in fair value of equity securities | 982 | (580) |
| Gain on securitizations | — | (70) |
| Gain on sale of loans, net | (775) | (430) |
| Gain on disposal of office properties and equipment, net | — | (18) |
| Deferred tax (benefit) expense | — | (5,818) |
| Increase in accrued interest receivable | (882) | (778) |
| Gain on sale of other real estate owned | — | (281) |
| (Increase) decrease in other assets | (41,663) | 810 |
| Increase (decrease) in accrued expenses and other liabilities | 23,401 | (14,599) |
| Income on bank-owned life insurance | (4,914) | (3,849) |
| Employee stock ownership plan expense | 2,061 | 1,674 |
| Stock based compensation | 2,186 | 2,460 |
| Decrease (increase) in deferred compensation obligations under Rabbi Trust | 27 | (99) |
| Net cash provided by operating activities | 23,077 | 13,060 |
| Cash flows from investing activities: | ||
| Proceeds from sales of debt securities available for sale | — | 15,656 |
| Proceeds from paydowns/maturities/calls of debt securities available for sale | 108,072 | 102,847 |
| Proceeds from paydowns/maturities/calls of debt securities held to maturity | 22,810 | 24,869 |
| Purchases of debt securities available for sale | (252,884) | (118,767) |
| Purchases of debt securities held to maturity | (19,516) | (33,369) |
| Proceeds from sales of loans held-for-sale | 13,333 | 20,525 |
| Purchases of loans receivable | — | (150,882) |
| Net increase in loans receivable | (225,116) | (138,878) |
| Proceeds from bank-owned life insurance death benefit | 2,824 | — |
| Proceeds from redemptions of Federal Home Loan Bank stock | 18,340 | 19,574 |
| Purchases of Federal Home Loan Bank and Federal Reserve Bank stock | (35,585) | (27,850) |
| Proceeds from sales of office properties and equipment | — | 18 |
| Additions to office properties and equipment | (4,450) | (4,622) |
| Proceeds from sales of other real estate owned | — | 1,615 |
| Net cash used in investing activities | (372,172) | (289,264) |
| Cash flows from financing activities: | ||
| Net increase in deposits | 1,057,986 | 39,334 |
| Proceeds from long-term borrowings | 40,000 | 130,000 |
| Payments on long-term borrowings | (55,000) | (60,000) |
| Net increase in short-term borrowings | 49,980 | 121,978 |
| Increase in advance payments by borrowers for taxes and insurance | 5,276 | 4,072 |
| Exercise of stock options | (133) | — |
| Repurchase of shares for taxes | (229) | (179) |
| Net cash provided by financing activities | 1,097,880 | 235,205 |
| Net increase (decrease) in cash and cash equivalents | 748,785 | (40,999) |
| Cash and cash equivalents at beginning of year | 340,806 | 289,223 |
| Cash and cash equivalents at end of period | 1,089,591 | 248,224 |
| Cash paid during the period for: | ||
| Interest on deposits and borrowings | 117,271 | 124,241 |
| Income tax payments, net of refunds | 6,263 | 73 |
| Non-cash investing and financing activities: | ||
| Transfer of loans receivable to other real estate owned | 5,923 | — |
| Transfer of loans receivable to loans held-for-sale | 12,558 | 20,149 |
| Securitization of loans | — | 7,207 |
| Excise tax (benefit) on net stock repurchases | 9 | (7) |
| See accompanying notes to unaudited consolidated financial statements. | ||
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except per share data); (In thousands, except share and per share data); (In thousands, unaudited). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗