Columbia Financial, Inc. — Q3 2026 Earnings Summary

Columbia Financial, Inc. reported net income of $5.2 million for the quarter ended September 30, 2026, a decrease from $14.9 million in the same period the prior year, driven by the acquisition of Northfield Bancorp, Inc. and associated merger expenses. The company's total assets grew to $17.6 billion, while core net income for the quarter reached $40.6 million, reflecting a significant increase in net interest income and the recognition of a $25.7 million bargain purchase gain. During the quarter, the firm executed balance sheet repositioning transactions, including the sale of delinquent loans and securities, to reduce credit risk and exposure to New York City rent-regulated multifamily loans. Additionally, the Board of Directors declared a quarterly cash dividend of $0.05 per share, payable on November 25, 2026.