GlobeNewswire·Feb 2, 2026, 7:30 AM ET

Columbia Financial, Inc. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2025

CLBK

Columbia Financial, Inc. reported net income of $15.7 million ($0.15 per share) for the quarter ended December 31, 2025, compared to a net loss of $21.2 million ($0.21 per share) in the same period in 2024.
For the full year 2025, net income was $51.8 million ($0.51 per share), a turnaround from a net loss of $11.7 million ($0.11 per share) in 2024.
Core net income for the quarter ended December 31, 2025, was $15.9 million, representing a 39.6% increase from $11.4 million in the prior year quarter.
Core net income for the full year 2025 reached $53.0 million, an increase of 128.0% compared to $23.2 million in 2024.
Net interest income increased by 29.7% for the quarter to $60.2 million and by 24.5% for the year to $221.6 million, driven by higher yields on loans and securities and lower borrowing costs following a 2024 balance sheet restructuring.
The net interest margin expanded by 48 basis points to 2.36% for the quarter and by 42 basis points to 2.24% for the year.
Loans receivable increased by $367.8 million, or 4.7%, to $8.2 billion, with growth in multifamily, commercial real estate, and commercial business loans partially offset by declines in one-to-four family real estate loans.
Non-interest income for the quarter rose to $8.6 million from a loss of $23.7 million in 2024, primarily due to the absence of a $34.6 million loss on securities transactions that occurred in the prior year.
Provision for credit losses decreased by 27.8% for the quarter to $2.1 million and by 32.0% for the year to $9.8 million, supported by lower net charge-offs.
Non-performing loans increased to $38.0 million, or 0.46% of total gross loans, at December 31, 2025, up from $21.7 million, or 0.28%, in 2024.
Total assets grew to $11.0 billion at year-end 2025 from $10.5 billion in 2024, while total liabilities increased to $9.9 billion from $9.4 billion.
Total stockholders' equity increased to $1.2 billion, driven by net income and other comprehensive income, partially offset by the repurchase of 873,304 shares of common stock for approximately $13.4 million.
The company's effective tax rate was 20.1% for the quarter and 23.9% for the year, compared to 20.7% and 26.8% respectively in the prior year periods.