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Complete financial analysis of Columbia Financial, Inc. (CLBK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Columbia Financial, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Columbia Financial, Inc. (CLBK)
About Columbia Financial, Inc.
Columbia Financial, Inc., a bank holding company, provides financial services to businesses and consumers in the United States. The company offers non-interest-bearing demand deposits, such as individual and commercial checking accounts; interest bearing demand accounts comprising interest earning checking accounts and municipal accounts; and savings and club accounts, money market accounts, and certificates of deposit. It also provides loans, including multifamily and commercial real estate loans, commercial business loans, one-to-four family residential loans, construction loans, home equity loans and advances, and other consumer loans that include automobiles and personal loans, as well as unsecured and overdraft lines of credit. In addition, the company offers title insurance products; wealth management services; and cash management services, including remote deposit, lockbox service, and sweep accounts. As of December 31, 2021, it operated 62 full-service banking offices in 12 of New Jersey's 21 counties; and 2 branch offices in Freehold, New Jersey. The company was founded in 1927 and is headquartered in Fair Lawn, New Jersey. Columbia Financial, Inc. is a subsidiary of Columbia Bank MHC.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 233.26M | 297.18M | 271.97M | 252.84M | 204.01M | 185.72M | 156.95M | 143.94M |
| Cost of Revenue | -188.41M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 421.66M | 297.18M | 271.97M | 252.84M | 204.01M | 185.72M | 156.95M | 143.94M |
| Gross Profit Ratio | 180.77% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 129.49M | 119.52M | 101.91M | 105.93M | 88.15M | 74.40M | 66.89M | 62.64M |
| Selling & Marketing | 2.81M | 2.87M | 2.36M | 2.64M | 3.93M | 4.14M | 4.08M | 2.94M |
| SG&A | 132.29M | 122.38M | 104.27M | 108.57M | 92.08M | 78.54M | 70.97M | 65.58M |
| Other Expenses | 100.97M | -32.49M | -250.05M | -285.16M | -225.01M | -53.61M | -27.14M | -22.86M |
| Operating Expenses | 233.26M | 11.02M | -145.78M | -176.59M | -132.93M | 78.54M | 70.97M | 65.58M |
| Cost & Expenses | 233.26M | 11.02M | -145.78M | -176.59M | -132.93M | 78.54M | 70.97M | 65.58M |
| Interest Income | 389.79M | 307.95M | 267.68M | 291.64M | 256.89M | 222.35M | 182.08M | 167.26M |
| Interest Expense | 189.10M | 42.89M | 36.59M | 73.73M | 88.12M | 61.08M | 44.14M | 43.76M |
| Depreciation & Amortization | 14.03M | 13.12M | 11.38M | 10.23M | 5.10M | 3.84M | 3.36M | 3.18M |
| EBITDA | -239.00K | 130.23M | 137.82M | 86.62M | 76.08M | 0.00 | 50.55M | 53.04M |
| EBITDA Ratio | -0.10% | 53.76% | 50.68% | 34.26% | 37.29% | 53.03% | 60.33% | 67.25% |
| Operating Income | 55.60M | 146.42M | 126.18M | 76.26M | 71.08M | 94.74M | 91.22M | 93.51M |
| Operating Income Ratio | 23.83% | 49.27% | 46.40% | 30.16% | 34.84% | 51.01% | 58.12% | 64.97% |
| Total Other Income/Expenses | -9.55M | -5.40M | -6.05M | -4.99M | -3.65M | -36.66M | 0.00 | -2.73M |
| Income Before Tax | 46.05M | 116.88M | 126.18M | 76.26M | 71.08M | 33.66M | 47.08M | 49.76M |
| Income Before Tax Ratio | 19.74% | 39.33% | 46.40% | 30.16% | 34.84% | 18.12% | 30.00% | 34.57% |
| Income Tax Expense | 9.97M | 30.70M | 34.13M | 18.65M | 16.37M | 10.92M | 16.01M | 16.80M |
| Net Income | 36.09M | 86.17M | 92.05M | 57.60M | 54.72M | 22.74M | 31.07M | 32.95M |
| Net Income Ratio | 15.47% | 29.00% | 33.85% | 22.78% | 26.82% | 12.24% | 19.80% | 22.89% |
| EPS | 0.35 | 0.82 | 0.88 | 0.52 | 0.49 | 0.20 | 0.27 | 0.28 |
| EPS Diluted | 0.35 | 0.81 | 0.88 | 0.52 | 0.49 | 0.20 | 0.27 | 0.28 |
| Weighted Avg Shares Out | 102.66M | 105.58M | 104.16M | 109.76M | 111.10M | 111.40M | 115.89M | 115.89M |
| Weighted Avg Shares Out (Dil) | 102.89M | 106.19M | 104.16M | 109.76M | 111.10M | 111.40M | 115.89M | 115.89M |
The Best Banks And Credit Unions In Every State 2020
BNP Paribas Arbitrage SA Purchases 3,338 Shares of Columbia Financial Inc (NASDAQ:CLBK)
Zacks Investment Research Downgrades Columbia Financial (NASDAQ:CLBK) to Hold
Bank of New York Mellon Corp Trims Stock Position in Columbia Financial Inc (NASDAQ:CLBK)
Shareholder Alert: Levi & Korsinsky, LLP Announces an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Columbia Financial, Inc.- CLBK
Piper Sandler Comments on Columbia Financial Inc's Q2 2020 Earnings (NASDAQ:CLBK)
Columbia Financial Inc (NASDAQ:CLBK) Given Consensus Recommendation of "Buy" by Analysts
Bank of America Corp DE Sells 9,435 Shares of Columbia Financial Inc (NASDAQ:CLBK)
Columbia Financial Inc (NASDAQ:CLBK) Shares Sold by Alliancebernstein L.P.
Bank of New York Mellon Corp Buys 48,683 Shares of Columbia Financial Inc (NASDAQ:CLBK)
Source: https://incomestatements.info
Category: Stock Reports