Columbia Financial, Inc. (CLBK) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments744287842
Cash and cash equivalents714237642
Short-term investments3530
Total current assets:744287842
Noncurrent Assets
Property, plant and equipment79767352
Intangible assets, net (including goodwill), including:9287696
Goodwill8580616
Intangible assets, net (excluding goodwill) 6 0
Other undisclosed intangible assets, net (including goodwill)618 
Total noncurrent assets:17016314258
Other undisclosed assets8,9808,2077,9696,591
TOTAL ASSETS:9,2248,7998,1896,692
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities8,1457,7877,2065,720
Total liabilities:8,1457,7877,2065,720
Stockholders' equity
Stockholders' equity attributable to parent, including:1,0791,011983972
Common stock1111
Treasury stock, value(272)(163)(55) 
Additional paid in capital668610532527
Accumulated other comprehensive loss(46)(70)(69)(72)
Retained earnings765673615560
Unearned esop shares(37)(39)(42)(44)
Other undisclosed stockholders' equity attributable to parent(1)(1)(1)(1)
Total stockholders' equity:1,0791,011983972
TOTAL LIABILITIES AND EQUITY:9,2248,7998,1896,692

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues242260222199
Net investment income231259222194
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
 (18)(4)(7)
Gross profit:242242218192
Operating expenses(42)(33)(32)(23)
Other operating income, net
(Noninterest Income, Other Operating Income)
9765
Operating income:209216192174
Nonoperating income
(Bank Owned Life Insurance Income)
6765
Interest and debt expense(40)(75)(89)(62)
Other undisclosed loss from continuing operations before equity method investments, income taxes (71)(38)(84)
Income from continuing operations before equity method investments, income taxes:175767134
Other undisclosed loss from continuing operations before income taxes(49)   
Income from continuing operations before income taxes:126767134
Income tax expense(34)(19)(16)(11)
Net income available to common stockholders, diluted:92585523

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:92585523
Other comprehensive income (loss)(1)043
Comprehensive income:91585826
Other undisclosed comprehensive income (loss), net of tax, attributable to parent24(1) (9)
Comprehensive income, net of tax, attributable to parent:116575816

Statements sources

The financial statements are based on the company's filings with the 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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