Columbia Financial posts Q4 net loss of $21.2M on balance sheet repositioning

Columbia Financial, Inc.

2024-FY EPS reported -$0.11

Net loss $21.2M ($0.21 per share) vs. net income $6.6M ($0.06) in Q4 2023.
Sold $352.3M of debt securities; pre-tax loss of $37.9M from repositioning.
Core net income (non-GAAP) $11.4M, up 12.4% from $10.1M a year ago.
Proceeds used to fund loan growth ($72.9M), buy higher-yielding securities ($78.1M), prepay borrowings ($170.0M).
Annual meeting of stockholders set for June 5, 2025.

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