Columbia Financial (CLBK) investor relations material

Executive summary

• Net income for Q2 2026 was $14.5 million ($0.14 per share), up from $12.3 million ($0.12 per share) year-over-year; core net income was $15.1 million ($0.15 per share).

• For the six months ended June 30, 2026, net income was $27.6 million ($0.27 per share), up from $21.2 million ($0.21 per share) year-over-year.

• Results reflect higher net interest income, increased non-interest income, and margin expansion, partially offset by higher provision for credit losses, non-interest expense, and income tax expense.

• Completed second-step conversion offering and acquisition of Northfield Bancorp, raising $1.7 billion and adding $5.8 billion in assets.

Financial highlights

• Net interest income for Q2 2026 was $62.9 million, up 17.2% year-over-year; for six months, $123.3 million, up 18.5%.

• Net interest margin for Q2 2026 was 2.44%, up 25 bps year-over-year; for six months, 2.43%, up 28 bps.

• Non-interest income for Q2 2026 was $10.8 million, up 6.5% year-over-year; for six months, $17.6 million, down 5.7%.

• Non-interest expense for Q2 2026 was $49.4 million, up 10% year-over-year; for six months, $96.9 million, up 9.2%.

• Provision for credit losses for Q2 2026 was $4.3 million, up 74.7% year-over-year; for six months, $5.3 million, down 2.5%.

• Effective tax rate for Q2 2026 was 27.6% (up from 25.4%); for six months, 28.7% (up from 25.6%).

Outlook and guidance

• Anticipates meaningful transformation from Northfield Bancorp acquisition, including new geographic markets, expanded deposit base, and capital for future growth.

• Strategic focus on integration and leveraging capital raised for franchise expansion.