---
schema_version: "secwatch.filing_event.v1"
accession: "0001723596-23-000484"
form_type: "8-K"
ticker: "CLBK"
cik: "0001723596"
company_name: "Columbia Financial, Inc."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T11:07:15.655443+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Columbia Financial Q3 net income drops 56% to $9.1M; net interest margin shrinks to 2.06%

## Summary
- GAAP EPS of $0.09 vs $0.20 YoY; core net income fell 60% to $9.1M.
- Net interest income $48.5M, down 30% from $69.2M; net interest margin 206 bps vs 301 bps.
- Non-performing loans rose to $15.2M (0.19% of loans) from $6.7M (0.09%).
- Repurchased 4.1M shares for $78.3M at avg $19.08 during nine months; total deposits fell $298M.
- Provision for credit losses increased to $2.4M from $1.5M; net charge-offs were $1.7M.

## SEC filing metadata
- accession: 0001723596-23-000484
- form_type: 8-K
- ticker: CLBK
- cik: 0001723596
- company_name: Columbia Financial, Inc.
- filed_at: 2023-10-25T23:59:59+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/1723596/000172359623000484/0001723596-23-000484-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1723596/000172359623000484/clbk-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001723596-23-000484
- JSON: https://secwatch.observer/filing/0001723596-23-000484.json
- Plain text: https://secwatch.observer/filing/0001723596-23-000484.txt

## Key facts
- Earnings Releases
  Columbia Financial, Inc. reported the quarter ended September 30, 2023 results: net income $9.1 million, EPS $0.09 per basic and diluted share.
  - Period: the quarter ended September 30, 2023
  - Net income: $9.1 million
  - EPS: $0.09 per basic and diluted share
  - Result: reported results
  source text: Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK), the mid-tier holding company for Columbia Bank ("Columbia") and Freehold Bank ("Freehold"), reported net income of $9.1 million, or $0.09 per basic and diluted share, for the quarter ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1723596/000172359623000484/0001723596-23-000484-index.htm
- Earnings Releases
  Columbia Financial, Inc. reported the nine months ended September 30, 2023 results: net income $29.5 million, EPS $0.29 per basic and diluted share.
  - Period: the nine months ended September 30, 2023
  - Net income: $29.5 million
  - EPS: $0.29 per basic and diluted share
  - Result: reported results
  source text: For the nine months ended September 30, 2023, the Company reported net income of $29.5 million, or $0.29 per basic and diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1723596/000172359623000484/0001723596-23-000484-index.htm

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