---
schema_version: "secwatch.filing_event.v1"
accession: "0001723596-23-000364"
form_type: "8-K"
ticker: "CLBK"
cik: "0001723596"
company_name: "Columbia Financial, Inc."
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:23:52.300333+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Columbia Financial Q2 net income plunges 93% to $1.7M on securities loss, margin compression

## Summary
- Q2 net income $1.7M ($0.02 EPS), down 93% from $23.0M ($0.22); core net income $11.7M, down 50.7% YoY.
- Net interest margin fell 84 bps to 2.17%; interest expense surged 585% to $45.0M on higher deposit and borrowing costs.
- Sold $234.4M of AFS securities at a $9.6M loss; booked $1.6M severance from workforce reduction.
- Repurchased 1.2M shares for $69.3M under sixth buyback program; total assets fell 3.1% to $10.1B.
- Non-performing loans increased to $11.1M (0.14% of loans) from $6.7M; uninsured deposits reduced to 24.1% of total.

## SEC filing metadata
- accession: 0001723596-23-000364
- form_type: 8-K
- ticker: CLBK
- cik: 0001723596
- company_name: Columbia Financial, Inc.
- filed_at: 2023-07-26T23:59:59+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/1723596/000172359623000364/0001723596-23-000364-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1723596/000172359623000364/clbk-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001723596-23-000364
- JSON: https://secwatch.observer/filing/0001723596-23-000364.json
- Plain text: https://secwatch.observer/filing/0001723596-23-000364.txt

## Key facts
- Earnings Releases
  Columbia Financial, Inc. reported the second quarter ended June 30, 2023 results: net income $1.7 million, or $0.02 per basic and diluted share, EPS $0.02 per basic and diluted share.
  - Period: the second quarter ended June 30, 2023
  - Net income: $1.7 million, or $0.02 per basic and diluted share
  - EPS: $0.02 per basic and diluted share
  - Result: reported results
  source text: reported net income of $1.7 million, or $0.02 per basic and diluted share, for the quarter ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1723596/000172359623000364/0001723596-23-000364-index.htm

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