Columbia Financial, Inc. (CLBK) Financial Statements (2024 and earlier)

Company Profile

Business Address 19-01 ROUTE 208 NORTH
FAIR LAWN, NJ 07410
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments182,61273,673428,37578,40242,201
Cash and cash equivalents179,22870,963422,95775,54742,065
Short-term investments3,3842,7105,4182,855136
Financing receivable, accrued interest, after allowance for credit loss29,400  
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss1,000  
Total current assets:213,01273,673428,37578,40242,201
Noncurrent Assets
Property, plant and equipment83,87778,70875,97472,96752,050
Intangible assets, net (including goodwill), including:125,14291,69387,38468,5826,085
Goodwill 110,71585,32480,28560,7635,716
Intangible assets, net (excluding goodwill)   6,197 369
Other undisclosed intangible assets, net (including goodwill)14,4276,3699027,819 
Total noncurrent assets:209,019170,401163,358141,54958,135
Other undisclosed assets9,986,1388,980,0238,206,8037,968,7436,591,282
TOTAL ASSETS:10,408,1699,224,0978,798,5368,188,6946,691,618
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities9,354,5748,145,0167,787,2497,206,1775,719,558
Total liabilities:9,354,5748,145,0167,787,2497,206,1775,719,558
Equity
Equity, attributable to parent, including:1,053,5951,079,0811,011,287982,517972,060
Common stock1,3091,2461,2201,1731,159
Treasury stock, value(371,708)(271,647)(163,015)(54,950) 
Additional paid in capital781,165667,906609,531531,667527,037
Accumulated other comprehensive loss(179,296)(45,919)(69,625)(68,735)(71,897)
Retained earnings857,518765,133673,084615,481560,216
Unearned esop shares(34,750)(37,026)(39,293)(41,564)(43,835)
Other undisclosed equity, attributable to parent(643)(612)(615)(555)(620)
Total equity:1,053,5951,079,0811,011,287982,517972,060
TOTAL LIABILITIES AND EQUITY:10,408,1699,224,0978,798,5368,188,6946,691,618

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues265,933242,097260,077222,270198,720
Net investment income265,755231,307259,310221,965193,805
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(5,485) (18,447)(4,224)(6,677)
Gross profit:260,448242,097241,630218,046192,043
Operating expenses(49,784)(42,111)(32,894)(31,781)(22,716)
Other operating income, net
(Noninterest Income, Other Operating Income)
10,3808,9406,9835,9224,999
Operating income:221,044208,926215,719192,187174,326
Nonoperating income
(Bank Owned Life Insurance Income)
7,3935,9946,6205,8465,208
Interest and debt expense(42,893)(39,867)(75,296)(88,712)(62,256)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (70,786)(38,239)(83,619)
Income from continuing operations before equity method investments, income taxes:185,544175,05376,25771,08233,659
Other undisclosed loss from continuing operations before income taxes(68,668)(48,872)   
Income from continuing operations before income taxes:116,876126,18176,25771,08233,659
Income tax expense(30,703)(34,132)(18,654)(16,365)(10,923)
Income from continuing operations:86,17392,04957,60354,71722,736
Income before gain (loss) on sale of properties:92,04957,60354,71722,736
Net income available to common stockholders, diluted:86,17392,04957,60354,71722,736

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:86,17392,04957,60354,71722,736
Other comprehensive income (loss) 51,990(705)2323,7102,800
Other undisclosed comprehensive income     
Comprehensive income:138,16391,34457,83558,42725,536
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(185,367)24,411(1,122) (9,287)
Comprehensive income (loss), net of tax, attributable to parent:(47,204)115,75556,71358,42716,249

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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