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Columbia Financial Inc   (NASDAQ: CLBK)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $15.5600 $-0.14 -0.892%
Day's High: $15.65 Week Perf: -4.36 %
Day's Low: $ 15.41 30 Day Perf: 2.1 %
Volume (M): 105 52 Wk High: $ 19.28
Volume (M$): $ 1,638 52 Wk Avg: $16.40
Open: $15.51 52 Wk Low: $13.79



 Market Capitalization (Millions $) 1,585
 Shares Outstanding (Millions) 102
 Employees 400
 Revenues (TTM) (Millions $) 200
 Net Income (TTM) (Millions $) 19
 Cash Flow (TTM) (Millions $) -29
 Capital Exp. (TTM) (Millions $) 8

Columbia Financial Inc
Columbia Financial Inc is a financial holding company that operates primarily as a savings and loan association. It provides various banking products and services to consumers and businesses in the United States. The company focuses on mortgage lending, including residential mortgages and commercial real estate loans. It also offers deposit accounts, such as checking and savings accounts, certificates of deposit, and money market accounts. Additionally, Columbia Financial Inc provides wealth management and financial planning services. The company is headquartered in New Jersey and was founded in 1922.


   Company Address: 19-01 Route 208 North, Fair Lawn, 7140 NJ
   Company Phone Number: 522-4167   Stock Exchange / Ticker: NASDAQ CLBK


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
EQR   -0.01%    
FISI   -1.16%    
• View Complete Report
   



Management Announcement

Columbia Financial, Inc. Announces Strategic Balance Sheet Repositioning Amidst Mixed Performance Indicators

Published Thu, Dec 5 2024 12:30 PM UTC

Columbia Financial, Inc. (NASDAQ: CLBK), the holding entity for Columbia Bank, recently revealed a strategic repositioning of its balance sheet, signaling the company s efforts to adapt to an evolving financial landscape. Based in Fair Lawn, New Jersey, Columbia Financial aims to enhance its operational efficiency and shareholder value against a backdrop of fluctuating finan...

Merger and Acquisition

Columbia Financial, Inc. Strengthens Market Presence with Successful Merger of Freehold Bank,

Published Mon, Oct 7 2024 8:45 PM UTC

Columbia Financial, Inc. Announces Completion of Merger of Freehold Bank Into Columbia BankFAIR LAWN, N.J. - October 7, 2024 - In a significant development within the banking sector, Columbia Financial, Inc. (NASDAQ: CLBK) has officially completed the merger of Freehold Bank into Columbia Bank, effective October 5, 2024. This merger marks a critical strategic milestone for C...

Columbia Financial Inc

Restructuring Sparks Columbia Financial Inc's Revenue Plunge in Recent Fiscal Period



Columbia Financial Inc. recently released its financial results for the most recent fiscal period, revealing a mixed bag of performance. While some aspects showed significant improvement, others experienced a sharp decline. This article delves into the implications of these results for the company's future prospects.
Plummeting EPS and Shrinking Income:
Columbia Financial Inc.'s earnings per share (EPS) took a considerable hit, plunging by -52.63% to $0.09 compared to $0.19 in the previous year. However, there was a silver lining as the income per share escalated by a staggering 350% from $0.02 per share in the prior quarter. The sudden surge in income hints at potential strategies employed by the company to offset declining earnings.

Columbia Financial Inc

Columbia Financial Inc Suffers Alarming -31.816% Revenue Deterioration, Raises Concerns About Its Future


Introduction
Columbia Financial Inc, a player in the S&Ls Savings Banks industry, has experienced a significant deterioration in its financial performance in the most recent fiscal period. With a decline in revenue by -31.816% and a corresponding -90.91% decrease in income, the company's profitability has witnessed a substantial setback. In stark contrast to its industry peers who registered revenue gains during the same period, Columbia Financial Inc's downward trajectory is a cause for concern. Furthermore, the company's Q1 results also revealed a decrease in revenue by -27.973% and a significant drop in income per share by -88.89%, exacerbating its already bleak situation.
Revenue and Income Decline
In the most recent fiscal period, Columbia Financial Inc recorded earnings of $49.53 million in revenue, a sharp decline when compared to $72.64 million in the previous year. Similarly, the earnings per share (EPS) plummeted to $0.02 per share, down from $0.22 in the preceding year. This decline in business performance is a worrying sign, especially considering the positive performance of the S&Ls Savings Banks industry during the same period.

Columbia Financial Inc

Columbia Financial Inc Faces Collection Challenges, but Sees Revenue Growth Amid Declining Earnings in Q1 2023

As a financial journalist, I've analyzed the latest financial results of Columbia Financial Inc, and it seems that the company is facing some challenges regarding its ability to collect accounts receivable. According to the report, the average receivable collection period for the company in the Mar 31 2023 quarter has increased to 40 days, whereas it was 38 days in the Dec 31 2022 quarter.
The report also states that Columbia Financial Inc's ability to collect accounts receivable sequentially worsened to 9.17, indicating a more challenging environment than the fourth quarter of 2022. However, it is still far from a major concern. Compared to other companies in the financial sector, Columbia Financial Inc's receivables turnover ratio is relatively lower. Nevertheless, the company's overall ranking has improved to 386 from the fourth quarter of 2022.







Columbia Financial Inc's Segments
Deposit Account Title Insurance Insurance Agency and Other Non-Interest Income    8.03 % of total Revenue
Demand deposit account fees    3.38 % of total Revenue
Title insurance fees    1.37 % of total Revenue
Insurance agency income    0.17 % of total Revenue
Other non-interest income    3.11 % of total Revenue





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