Columbia Financial (CLBK) Q4 2025 earnings summary

Executive summary

• Net income for Q4 2025 was $15.7 million ($0.15/share), reversing a net loss of $21.2 million in Q4 2024, driven by higher net interest income, lower provision for credit losses, and higher non-interest income, partially offset by higher tax expense.

• For the full year 2025, net income was $51.8 million ($0.51/share), compared to a net loss of $11.7 million in 2024, reflecting improved net interest income, lower credit loss provisions, and higher non-interest income.

• Core net income for Q4 2025 was $15.9 million, up 39.6% year-over-year; for the year, core net income was $53.0 million, up 128% year-over-year.

• Balance sheet repositioning in late 2024, including the sale of debt securities and prepayment of higher-cost borrowings, contributed to margin expansion in 2025.

Financial highlights

• Net interest margin increased by 48 bps (Q4) and 42 bps (year) compared to 2024.

• Loans receivable grew by $375.1 million (4.7%) year-over-year.

• Net income increased by $36.9 million (Q4) and $63.4 million (year) year-over-year.

• Basic and diluted EPS rose by $0.36 (Q4) and $0.62 (year) year-over-year.

Outlook and guidance

• Management expects to benefit from an improving economic environment, with a focus on margin expansion, commercial lending growth, efficiency improvements, and technology investments.