Columbia Financial's Q1 profit rises on higher interest income

Columbia Financial

20/04/2026 21:15

Overview

US regional bank's Q1 net income rose 47% yr/yr on higher net interest income

EPS for Q1 rose to $0.13 from $0.09 a year earlier

Company in Q1 announced planned merger with Northfield Bancorp and a second-step conversion

Outlook

Company did not provide specific financial guidance for the current or future periods in press release

Result Drivers

NET INTEREST INCOME - Higher net interest income driven by increased average loan balances and yields, and lower interest expense on deposits and borrowings

CREDIT LOSS PROVISION - Lower provision for credit losses due to net recoveries on loans and a decrease in net charge-offs

NON-INTEREST INCOME AND EXPENSES - Lower non-interest income and higher non-interest expenses, including merger-related costs, partially offset gains

Company press release: ID:nGNX9FMSqD

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.13
Q1 Net Income
$13.10 mln
Q1 Net Interest Income
$60.39 mln
Q1 Basic EPS
$0.13
Q1 Pretax Profit
$18.70 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Columbia Financial Inc is $18.50, about 0.3% below its April 17 closing price of $18.56

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)