CLBK
Columbia Financial, Inc. Announces Completion of Second Step Conversion and $1.7 Billion Stock Offering and Acquisition of Northfield Bancorp, Inc.
Article Summary
BUY- Columbia Financial Inc. (Nasdaq Global Select Market: CLBK) announced completion of conversion from mutual holding company structure and related public offering, with Columbia Bank now 100% owned by Columbia Financial, and the Company is entirely owned by public stockholders.
- The company also completed merger with Northfield Bancorp Inc. and sold 167,236,353 shares of common stock at purchase price of $10.00 per share in stock offering.
- Pro forma as of March 31, 2026, Columbia had $18.0 billion in total assets, $12.5 billion in deposits, $11.9 billion in loans held for investment, and more than 100 branch offices throughout New Jersey and in Staten Island and Brooklyn, New York.
- The combination of the two organizations creates one of the largest community banks headquartered in the region with substantial excess capital to support growth, strengthen market position and create long-term value.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 12.8% | 25% | 50.0 ptsMeets Minimum (12.8%) - Passes screener |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 22.4% above | 20% | 0.0 ptsAbove Target (22.4% above) - Target: $19.00 vs Current: $24.50 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | 1.7% | 15% | 20.0 ptsBarely a Dip (1.7%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About CLBK
- Columbia Financial, Inc. operates as a bank holding company for Columbia Bank that provides banking and other financial services to businesses and consumers in the United States.
- The company offers commercial loans, including multifamily and commercial real estate, commercial business, and construction loans; residential loans, such as one-to-four family residential real estate and one-to-four family residential loans; and consumer loans, which includes home equity loans and advances, as well as automobile, personal, unsecured, and overdraft lines of credit, as well as securities activities.
- It also provides deposit products, including non-interest and interest-bearing demand accounts, savings and club deposits, money market accounts, and certificates of deposit; and borrowings.
- In addition, the company offers title insurance products; wealth management services; and cash management services comprising remote deposit, lockbox service, sweep accounts, and escrow services.
- The company operates full-service banking offices in New Jersey.
- Columbia Financial, Inc. was founded in 1926 and is based in Fair Lawn, New Jersey.
- Columbia Financial, Inc. operates as a subsidiary of Columbia Bank MHC.