Columbia Financial Inc Stock Research

Market Summary

USD18.14-0.34

Market Closed

-1.84%

CLBK Alerts

2 major insider buys recently.
Big jump in Revenue (Y/Y)

CLBK Stock Price

CLBK RSI Chart

CLBK Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

22.94

Price/Sales (Trailing)

6.38

EV/EBITDA

7.77

Price/Free Cashflow

14.65

CLBK Price/Sales (Trailing)

CLBK Profitability

EBT Margin

37.74%

Return on Equity

8.18%

Return on Assets

0.83%

Free Cashflow Yield

6.83%

CLBK Fundamentals

CLBK Revenue

Revenue (TTM)

309.7M

Revenue Y/Y

28.22%

Revenue Q/Q

10.02%

CLBK Earnings

Earnings (TTM)

86.2M

Earnings Y/Y

-6.18%

Earnings Q/Q

4.65%

Price Action

52 Week Range

16.1322.86

(Low)(High)

Last 7 days

2.0%

Last 30 days

-13.6%

Last 90 days

-15.6%

Trailing 12 Months

-17.4%

CLBK Financial Health

Debt/Equity

1.07

Debt/Cashflow

0.13

CLBK Investor Care

Shares Dilution (1Y)

1.42%

Diluted EPS (TTM)

0.81

Peers (Alternatives to Columbia Financial)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	380.5B	128.7B	-8.83%	-7.16%	10.1	2.96	5.79%	-22.05%
BAC	227.8B	95.0B	-16.18%	-33.23%	8.28	2.4	6.55%	-13.92%
WFC	142.3B	54.0B	-19.63%	-27.36%	10.79	2.63	36.10%	-38.82%
USB	52.3B	17.9B	-26.81%	-37.12%	8.98	2.91	33.05%	-26.85%
PNC	51.3B	21.1B	-21.12%	-34.60%	8.39	2.43	9.94%	6.78%
MID-CAP
NYCB	6.0B	2.1B	-1.01%	-14.94%	9.26	2.88	23.86%	9.06%
TFSL	3.6B	456.2M	-12.10%	-23.41%	44.2	7.81	20.21%	11.74%
COOP	2.9B	2.5B	-15.55%	-17.06%	2.28	1.03	-25.74%	-36.52%
AX	2.3B	847.7M	-21.16%	-19.77%	8.67	2.66	34.99%	13.45%
FBC	2.0B	607.0M	4.16%	-12.99%	7.39	3.3	-48.30%	-54.98%
CLBK	2.0B	309.7M	-13.62%	-17.43%	22.94	6.38	14.63%	-6.38%
SMALL-CAP
PFS	1.5B	466.2M	-16.18%	-14.42%	8.38	3.16	84.75%	4.60%
CASH	1.2B	305.1M	-17.82%	-24.09%	8.2	3.79	0.26%	-29.77%
PFC	756.3M	277.7M	-15.47%	-29.87%	7.4	2.72	14.01%	-18.93%
HMST	346.0M	304.3M	-27.45%	-60.31%	5.2	1.14	24.56%	-42.35%

Financials for Columbia Financial

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	6.7%	310	290	276	271	270
EBITDA	-0.4%	376	378	367	371	-
EBITDA Margin	-6.6%	1.21*	1.30*	1.33*	1.37*	-
Earnings Before Taxes	-1.3%	117	118	119	125	126
EBT Margin	-7.4%	0.38*	0.41*	0.43*	0.46*	-
Interest Expenses	4.8%	259	248	239	233	-
Net Income	-1.6%	86.00	88.00	88.00	91.00	92.00
Net Income Margin	-7.8%	0.28*	0.30*	0.32*	0.34*	-
Free Cahsflow	-1.7%	135	137	97.00	-44.65	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	4.0%	10,408	10,012	9,751	9,237	9,224
Cash Equivalents	75.6%	179	102	109	96.00	71.00
Net PPE	-0.4%	84.00	84.00	84.00	78.00	79.00
Goodwill	-	85.00	-	-	-	-
Liabilities	4.1%	9,355	8,983	8,677	8,205	8,145
Long Term Debt	67.2%	1,127	674	420	433	377
Shareholder's Equity	2.3%	1,054	1,030	1,074	1,032	1,079
Retained Earnings	2.6%	858	836	815	792	765
Additional Paid-In Capital	0.2%	781	779	777	671	668
Accumulated Depreciation	-	67.00	-	-	-	-
Shares Outstanding	-0.9%	109	110	111	106	107

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-0.9%	142	143	101	-40.78	99.00
Share Based Compensation	-6.1%	7.00	8.00	8.00	9.00	9.00
Cashflow From Investing	-169.3%	-614	-228	-128	-167	-443
Cashflow From Financing	620.5%	581	-111	-250	-55.36	-7.09
Buy Backs	-94.7%	5.00	86.00	82.00	76.00	108

Risks for CLBK

What is the probability of a big loss on CLBK?

26.1%

Probability that Columbia Financial stock will be more than 20% underwater in next one year

11.9%

Probability that Columbia Financial stock will be more than 30% underwater in next one year.

Probability that Columbia Financial stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CLBK drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Columbia Financial was unfortunately bought at previous high price.

Drawdowns

Returns for CLBK

Cumulative Returns on CLBK

9.3%

3-Year Cumulative Returns

Which funds bought or sold CLBK recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-23	MetLife Investment Management, LLC	unchanged	-	8,386	370,005	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	49.34	243,844	706,844	-%
2023-02-28	Voya Investment Management LLC	unchanged	-	7,219	323,219	-%
2023-02-15	ALLIANCEBERNSTEIN L.P.	added	2.95	49,548	981,548	-%
2023-02-15	JANE STREET GROUP, LLC	sold off	-100	-384,000	-	-%
2023-02-15	Metropolitan Life Insurance Co/NY	unchanged	-	845	43,845	-%
2023-02-14	Legal & General Group Plc	added	1.32	22,671	643,671	-%
2023-02-14	RHUMBLINE ADVISERS	added	0.18	27,000	1,101,000	-%
2023-02-14	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-0.03	23,313	1,020,310	-%
2023-02-14	NORGES BANK	new	-	5,678,490	5,678,490	-%

Latest Funds Activity

Are funds buying CLBK calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CLBK

No. of Funds

Columbia Financial News

CLBK Fair Value

Columbia Financial fair value in different scenarios

The table shows the Fair Value estimates for Columbia Financial for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	9.73 -46.36%	13.09 -27.84%	21.46 18.30%	34.38 89.53%	38.95 114.72%
Current Inflation	8.73 -51.87%	11.57 -36.22%	18.62 2.65%	29.40 62.07%	33.21 83.08%
Very High Inflation	7.49 -58.71%	9.76 -46.20%	15.29 -15.71%	23.71 30.71%	26.65 46.91%

Historical Columbia Financial Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Columbia Financial

View All Filings

Date Filed	Form Type	Document
Mar 23, 2023	4	Insider Trading
Mar 15, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading

Latest Insider Trading transactions for CLBK

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-21	Jennings William Justin	sold (taxes)	-56,176	18.94	-2,966	evp, operations officer
2023-03-14	Gibney Dennis E.	bought	35,200	17.6	2,000	evp & chief financial officer
2023-03-14	Kemly Thomas J.	bought	43,975	17.59	2,500	president & ceo
2023-03-10	Lewis Oliver Edward Jr	acquired	1,480	19.28	76.8034	evp & head commercial banking
2023-03-10	Jennings William Justin	acquired	1,000	19.28	51.8672	evp, operations officer
2023-03-10	Rickert Matthew William	acquired	1,250	19.28	64.834	evp & chief credit officer
2023-03-10	Schlesinger Allyson Katz	acquired	1,615	19.28	83.7858	evp & head of consumer banking
2023-03-10	Kemly Thomas J.	acquired	2,076	19.28	107	president & ceo
2023-03-10	Klimowich John	acquired	615	19.28	31.9181	evp & chief risk officer
2023-03-10	Randall Elizabeth E.	acquired	1,672	19.28	86.7697	-

About Columbia Financial

Thomas J. Kemly

www.columbiabankonline.com

710

Columbia Financial, Inc., a bank holding company, provides financial services to businesses and consumers in the United States. The company offers non-interest-bearing demand deposits, such as individual and commercial checking accounts; interest bearing demand accounts comprising interest earning checking accounts and municipal accounts; and savings and club accounts, money market accounts, and certificates of deposit. It also provides loans, including multifamily and commercial real estate loans, commercial business loans, one-to-four family residential loans, construction loans, home equity loans and advances, and other consumer loans that include automobiles and personal loans, as well as unsecured and overdraft lines of credit. In addition, the company offers title insurance products; wealth management services; and cash management services, including remote deposit, lockbox service, and sweep accounts. As of December 31, 2021, it operated 62 full-service banking offices in 12 of New Jersey's 21 counties; and 2 branch offices in Freehold, New Jersey. The company was founded in 1927 and is headquartered in Fair Lawn, New Jersey. Columbia Financial, Inc. is a subsidiary of Columbia Bank MHC.

CLBK Income Statement

2022-12-31

Consolidated Statements of Income - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Interest income:

Loans receivable

$ 263,559

$ 228,841

$ 255,236

Debt securities available for sale and equity securities

34,221

30,211

28,376

Debt securities held to maturity

9,694

8,632

8,025

Federal funds and interest-earning deposits

474

430

413

Federal Home Loan Bank stock dividends

1,722

2,036

3,661

Total interest income

309,670

270,150

295,711

Interest expense:

Deposits

27,878

29,109

55,246

Borrowings

15,015

7,907

18,892

Total interest expense

42,893

37,016

74,138

Net interest income

266,777

233,134

221,573

Provision for (reversal of) credit losses

^[1]

5,485

(9,953)

18,447

Net interest income after provision for (reversal of) credit losses

261,292

243,087

203,126

Non-interest income:

Bank-owned life insurance

7,393

5,994

6,620

Gain on securities transactions

210

2,025

370

Change in fair value of equity securities

(401)

(1,792)

767

Gain on sale of loans

178

10,790

5,444

Other non-interest income

10,380

8,940

6,983

Total non-interest income (loss)

30,400

38,831

31,270

Non-interest expense:

Compensation and employee benefits

116,926

99,534

100,687

Occupancy

22,589

20,071

19,170

Federal deposit insurance premiums

2,591

2,374

1,901

Advertising

2,865

2,358

2,641

Professional fees

8,158

7,363

5,810

Data processing and software expenses

13,362

11,497

10,285

Merger-related expenses

2,810

822

1,931

Loss on extinguishment of debt

2,851

1,158

Other non-interest expense

5,515

8,867

14,556

Total non-interest expense

174,816

155,737

158,139

Income before income tax expense

116,876

126,181

76,257

Income tax expense

30,703

34,132

18,654

Net income

$ 86,173

$ 92,049

$ 57,603

Earnings per share - basic (in dollars per share)

$ 0.82

$ 0.88

$ 0.52

Earnings per share - diluted (in dollars per share)

$ 0.81

$ 0.88

$ 0.52

Weighted average shares outstanding - basic (in shares)

105,580,823

104,156,112

109,755,924

Weighted average shares outstanding - diluted (in shares)

106,193,161

104,156,112

109,755,924

Demand deposit account fees

Non-interest income:

Revenue

$ 5,293

$ 3,803

$ 3,633

Title insurance fees

Non-interest income:

Revenue

3,423

6,088

5,034

Loan fees and service charges

Non-interest income:

Revenue

$ 3,924

$ 2,983

$ 2,419

[1]	(1) The Company adopted ASU 2016-13 as of January 1, 2022. Prior year periods have not been restated.