Columbia Financial Q4 net income $21.9M ($0.21/share) down 6.2% YoY; full-year net income $86.2M

Columbia Financial, Inc.

2022-FY EPS reported $0.81

Net income $21.9M for Q4 2022 vs $23.3M in Q4 2021; EPS $0.21 vs $0.23. Full-year net income $86.2M vs $92.0M.
Net interest margin expanded 12 bps to 2.91% in Q4; net interest income up 12.2% to $68.4M.
Provision for credit losses was $1.0M in Q4 vs a $7.4M reversal in Q4 2021; full-year provision $5.5M vs $10.0M reversal.
Loans receivable net grew 21.1% to $7.6B, including $335.5M from RSI Bank acquisition; total assets $10.4B (+12.8%).
Board authorized 5th buyback program for up to 3M shares; shares repurchased in 2022 totaled 4.46M at $21.05 each.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Columbia Financial, Inc. reported the quarter ended December 31, 2022 results: net income $21.9 million, EPS $0.21 per basic and diluted share.

Period: the quarter ended December 31, 2022
Net income: $21.9 million
EPS: $0.21 per basic and diluted share
Result: reported results

Exact text from the filing

Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK), the mid-tier holding company for Columbia Bank ("Columbia") and Freehold Bank ("Freehold"), reported net income of $21.9 million, or $0.21 per basic and diluted share, for the quarter ended December 31, 2022

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Columbia Financial, Inc. reported the year ended December 31, 2022 results: net income $86.2 million, EPS $0.82 per basic and $0.81 per diluted share.

Period: the year ended December 31, 2022
Net income: $86.2 million
EPS: $0.82 per basic and $0.81 per diluted share
Result: reported results

Exact text from the filing

For the year ended December 31, 2022, the Company reported net income of $86.2 million, or $0.82 per basic and $0.81 per diluted share, as compared to net income of $92.0 million, or $0.88 per basic and diluted share, for the year ended December 31, 2021

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Columbia Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001723596-23-000035

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