secwatch.observer — SEC 8-K summary
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Issuer:     Columbia Financial, Inc. (CLBK)
CIK:        0001723596
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001723596-23-000035
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1723596/000172359623000035/0001723596-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1723596/000172359623000035/clbk-20230125.htm
  HTML page:      https://secwatch.observer/filing/0001723596-23-000035

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