---
schema_version: "secwatch.filing_event.v1"
accession: "0001723596-23-000179"
form_type: "8-K"
ticker: "CLBK"
cik: "0001723596"
company_name: "Columbia Financial, Inc."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T13:11:43.066174+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Columbia Financial Q1 net income falls 8.2% to $18.7M; net interest margin compresses

## Summary
- Net income $18.7M ($0.18 EPS) vs $20.4M ($0.20 EPS) a year ago; core net income $19.8M, down 10.8%.
- Net interest margin narrowed 40 bps to 2.58% as funding costs rose faster than asset yields.
- Total deposits fell $327M (4.1%) from Dec 2022; borrowings increased $579.6M (51.4%).
- Repurchased 2.4M shares at $19.90/share for $47.3M during the quarter.
- Non-performing loans stable at 0.09% of gross loans; allowance for credit losses at 0.68%.

## SEC filing metadata
- accession: 0001723596-23-000179
- form_type: 8-K
- ticker: CLBK
- cik: 0001723596
- company_name: Columbia Financial, Inc.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1723596/000172359623000179/0001723596-23-000179-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1723596/000172359623000179/clbk-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001723596-23-000179
- JSON: https://secwatch.observer/filing/0001723596-23-000179.json
- Plain text: https://secwatch.observer/filing/0001723596-23-000179.txt

## Key facts
- Earnings Releases
  Columbia Financial, Inc. reported the three months ended March 31, 2023 results: net income $18.7 million, EPS $0.18 per basic and diluted share.
  - Period: the three months ended March 31, 2023
  - Net income: $18.7 million
  - EPS: $0.18 per basic and diluted share
  - Result: reported results
  source text: reported net income of $18.7 million, or $0.18 per basic and diluted share, for the quarter ended March 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1723596/000172359623000179/0001723596-23-000179-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.