Columbia Financial Q2 profit rises on higher net interest income

Columbia Financial

30/07/2026 21:30

Overview
U.S. regional bank's Q2 net income rose 18% yr/yr, driven by higher net interest income
Adjusted net income for Q2 was $15.1 mln, reflecting core earnings growth
Company completed second-step conversion and Northfield Bancorp acquisition in July, expanding assets and markets

Outlook
Company expects Northfield Bancorp acquisition to expand geographic reach and deposit base

Result Drivers
NET INTEREST INCOME - Higher net interest income driven by increased average loan balances, higher loan yields, and lower cost of interest-bearing liabilities
NON-INTEREST INCOME - Increase in non-interest income mainly from bank-owned life insurance death benefit and policy transitions
HIGHER EXPENSES - Results partially offset by increased provision for credit losses, higher compensation, technology, and merger-related costs

Company press release: ID:nGNX3yXSfv

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.14
 
Q2 Adjusted Net Income
 
$15.10 mln
 
Q2 Net Income
 
$14.49 mln
 
Q2 Net Interest Income
 
$62.92 mln
 
Q2 Basic EPS
 
$0.14
 
Q2 Pretax Profit
 
$20.02 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 $8.64, about 20.8% below its July 29 closing price of $10.91
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 23 three months ago

Reuters Recommended Reads
July 30 - Citizens Financial Q2 profit rises 20% on higher interest income
July 29 - Citizens Holding Q2 net income rises 70% on higher net interest income
July 29 - Provident Financial Services Q2 profit rises on record interest income

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.)