Columbia Financial Inc (CLBK) Faces Headwinds as Earnings Dip in Q4 and Full Year 2023 [Yahoo! Finance]
Columbia Financial, Inc. (CLBK)
Last columbia financial, inc. earnings: 4/29 04:01 pm
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Source: Yahoo! Finance
Annual Earnings : Full-year net income reached $36.1 million, down 58.1% from the previous year. Net Interest Income : Q4 net interest income fell by 33.7% to $45.3 million, and annual net interest income decreased by 22.8% to $205.9 million. Net Interest Margin : Q4 net interest margin contracted by 106 basis points to 1.85%, reflecting higher costs of liabilities. Asset Quality : Non-performing loans increased to 0.16% of total gross loans as of December 31, 2023. Stock Repurchase : CLBK repurchased 4,242,693 shares at a cost of $80.5 million in 2023. Warning! GuruFocus has detected 6 Warning Sign with CLBK. Columbia Financial Inc ( NASDAQ:CLBK ) released its 8-K filing on January 25, 2024, revealing a challenging fiscal year marked by a significant decrease in net income for both the fourth quarter and the full year ended December 31, 2023. The federally chartered savings bank, which operates through Columbia Bank and Freehold Bank, reported a net income of $6.6 millio
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CLBK
Earnings
- 1/25/24 - Miss
CLBK
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- 4/26/24 - Form ARS
- CLBK's page on the SEC website