Quarterly ResultJul 30, 2026, 05:27 PM
Columbia Financial Q2 Net Income $14.5M; Declares $0.05 Dividend
AI Summary
Columbia Financial, Inc. reported Q2 2026 net income of $14.5 million ($0.14 EPS), up from $12.3 million ($0.12 EPS) in Q2 2025. Core net income for the quarter was $15.1 million ($0.15 EPS). The company's Board of Directors approved a quarterly cash dividend of $0.05 per share. These results reflect higher net interest income and non-interest income, partially offset by increased provision for credit losses and non-interest expenses. The company also completed its second-step conversion offering and acquisition of Northfield Bancorp, Inc. in July 2026, which is expected to transform the company with proforma assets of $18.0 billion.
Key Highlights
- Q2 2026 net income increased 17.7% to $14.5 million from $12.3 million in Q2 2025.
- Q2 2026 diluted EPS was $0.14, up from $0.12 in Q2 2025.
- Net interest margin for Q2 2026 increased 25 basis points to 2.44% from 2.19% in Q2 2025.
- Board declared a quarterly cash dividend of $0.05 per share, payable August 26, 2026.
- Proforma total assets post-merger are $18.0 billion as of March 31, 2026.
- Proforma total deposits post-merger are $12.5 billion as of March 31, 2026.
- Total assets increased $1.2 billion (10.5%) to $12.2 billion at June 30, 2026.
- Total deposits increased $1.1 billion due to the second-step conversion offering.
Price Impact
More from CLBK