earnings
confidence high
sentiment neutral
materiality 0.65
Columbia Financial Q3 core net income up 17.5% to $22.7M; net interest margin expands 34 bps
Columbia Financial, Inc.
2022-Q3 EPS reported
$0.61
- Net income of $20.9M ($0.19 diluted) vs $21.0M ($0.20 diluted) in prior-year quarter.
- Core net income rose 17.5% to $22.7M; net interest income increased 20.6% to $69.2M.
- Net interest margin expanded 34 bps to 3.01%; assets grew 8.5% to $10.0B.
- Non-performing loans rose to $7.0M (0.10% of loans) from $3.9M; provision for credit losses was $1.5M.
- Completed RSI Bank system conversion on Oct 15, 2022; repurchased 3.42M shares YTD for $71.8M.