Columbia Financial (CLBK) investor relations material

Executive summary

• Net income for Q2 2025 was $12.3M ($0.12/share), up from $4.5M ($0.04/share) in Q2 2024, driven by higher net interest income, increased non-interest income, and lower non-interest expense, partially offset by higher tax expense.

• Six-month net income rose to $21.2M ($0.21/share) from $3.4M ($0.03/share) year-over-year, reflecting improved net interest income, lower provision for credit losses, and reduced non-interest expense.

• Total assets rose 2.5% to $10.7B at June 30, 2025, driven by higher loans and securities, offset by lower cash.

• Loan growth was strong, including a $130.9M purchase of commercial equipment finance loans; assets and deposits increased, and operating costs declined.

• Asset quality weakened as non-performing loans increased to $39.5M, or 0.49% of loans, from $21.7M at year-end.

Financial highlights

• Net interest income for Q2 2025 was $53.7M, up 21.8% year-over-year; net interest margin rose to 2.19% from 1.81%.

• Non-interest income for Q2 2025 was $10.2M, up 10.8% year-over-year; six-month non-interest income was $18.6M, up 12.1%.

• Non-interest expense for Q2 2025 was $44.9M, down 2.9% year-over-year; six-month expense was $88.8M, down 3.4%.

• Provision for credit losses for six months was $5.4M, down 27.7% year-over-year; allowance for credit losses at $64.5M (0.79% of loans).

• EPS for Q2 2025 was $0.12 (basic and diluted), up from $0.04 year-over-year; six-month EPS was $0.21, up from $0.03.

Outlook and guidance

• Management expects continued focus on core deposit funding, prudent balance sheet management, and maintaining strong capital and liquidity positions.

• Interest rate risk and credit quality remain key areas of monitoring, with stress testing and contingency plans in place.

• Management highlighted continued net interest margin expansion and solid loan growth, with ongoing focus on cost reduction and balance sheet optimization.