--- title: "Columbia Financial | 8-K: FY2026 Q1 Revenue: USD 125.62 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/283396774.md" datetime: "2026-04-20T20:16:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283396774.md) - [en](https://longbridge.com/en/news/283396774.md) - [zh-HK](https://longbridge.com/zh-HK/news/283396774.md) --- # Columbia Financial | 8-K: FY2026 Q1 Revenue: USD 125.62 M Revenue: As of FY2026 Q1, the actual value is USD 125.62 M. EPS: As of FY2026 Q1, the actual value is USD 0.13, missing the estimate of USD 0.155. EBIT: As of FY2026 Q1, the actual value is USD -41.7 M. #### Financial Performance for Q1 2026 vs Q1 2025 #### Net Income Net income was $13.1 million for the quarter ended March 31, 2026, an increase of $4.2 million or 47.2% compared to $8.9 million for the quarter ended March 31, 2025. Compared to the quarter ended December 31, 2025, net income decreased by $2.6 million. The increase in net income was primarily due to a $10.1 million increase in net interest income and a $2.0 million decrease in provision for credit losses, partially offset by a $1.7 million decrease in non-interest income, a $3.6 million increase in non-interest expense, and a $2.5 million increase in income tax expense. #### Net Interest Income Net interest income was $60.4 million for the quarter ended March 31, 2026, an increase of $10.1 million, or 20.0%, from $50.3 million for the quarter ended March 31, 2025. The increase was mainly due to a $6.7 million increase in interest income and a $3.4 million decrease in interest expense on deposits and borrowings. #### Net Interest Margin Net interest margin was 2.42% for the quarter ended March 31, 2026, an increase of 31 basis points from 2.11% for the quarter ended March 31, 2025. It also increased by 6 basis points compared to 2.36% for the quarter ended December 31, 2025. The weighted average yield on interest-earning assets increased 7 basis points to 4.76% for Q1 2026, compared to 4.69% for Q1 2025. The average cost of interest-bearing liabilities decreased 29 basis points to 2.92% for Q1 2026, compared to 3.21% for Q1 2025. #### Interest Income Total interest income was $118.871 million for Q1 2026, up from $112.163 million for Q1 2025. Interest income on loans was $102.152 million in Q1 2026, compared to $95.110 million in Q1 2025. Average yield on loans for Q1 2026 increased 12 basis points to 5.01%, from 4.89% for Q1 2025. Interest income on debt securities available for sale and equity securities was $10.223 million in Q1 2026, compared to $9.742 million in Q1 2025. Average yield on securities for Q1 2026 decreased 7 basis points to 3.38%, from 3.45% for Q1 2025. #### Interest Expense Total interest expense was $58.480 million for the quarter ended March 31, 2026, a decrease of $3.4 million, or 5.4%, from $61.838 million for the quarter ended March 31, 2025. Interest expense on deposits decreased $3.8 million, or 7.6%, due to a decrease in the average cost of deposits. Interest expense on borrowings increased $476,000, or 4.1%, for Q1 2026 compared to Q1 2025. The average cost of interest-bearing deposits decreased 30 basis points, and the average cost of borrowings decreased 32 basis points. #### Provision for Credit Losses The provision for credit losses for the quarter ended March 31, 2026, was $1.0 million, a decrease of $2.0 million, or 67.4%, from $2.9 million for the quarter ended March 31, 2025. This decrease was primarily due to a decrease in net charge-offs, with net recoveries on loans of $604,000 for Q1 2026, compared to net charge-offs of $857,000 for Q1 2025. #### Non-interest Income Non-interest income was $6.7 million for the quarter ended March 31, 2026, a decrease of $1.7 million, or 20.4%, from $8.5 million for the quarter ended March 31, 2025. This decrease was mainly due to a $1.5 million decrease in the change in fair value of equity securities and a $379,000 decrease in other non-interest income. #### Non-interest Expense Non-interest expense was $47.5 million for the quarter ended March 31, 2026, an increase of $3.6 million, or 8.3%, from $43.8 million for the quarter ended March 31, 2025. The increase was primarily attributable to a $2.5 million increase in compensation and employee benefits expense and a $1.8 million increase in merger-related expenses, partially offset by a $1.1 million decrease in professional fees. #### Income Tax Expense Income tax expense was $5.6 million for Q1 2026, an increase of $2.5 million compared to $3.1 million for Q1 2025, mainly due to higher pre-tax income. The effective tax rate was 29.9% for Q1 2026, compared to 25.9% for Q1 2025, with the increase attributed to non-deductible merger-related expenses. #### Balance Sheet Summary (March 31, 2026 vs December 31, 2025) #### Total Assets Total assets decreased by $8.3 million, or 0.1%, to $11.0 billion at March 31, 2026, from $11.0 billion at December 31, 2025. This decrease was primarily due to decreases in cash and cash equivalents of $63.9 million, debt securities held to maturity of $18.4 million, and loans receivable, net, of $33.9 million, partially offset by an increase in debt securities available for sale of $76.9 million and an increase in Federal Home Loan Bank and Federal Reserve Bank Stock of $18.3 million. #### Loans Receivable, Net Loans receivable, net, decreased by $33.9 million, or 0.4%, to $8.191 billion at March 31, 2026, from $8.225 billion at December 31, 2025. Construction loans increased by $51.3 million, while one-to-four family loans, multifamily loans, commercial real estate loans, commercial business loans, and home equity loans and advances decreased. #### Total Liabilities Total liabilities decreased by $21.3 million, or 0.2%, to $9.8 billion at March 31, 2026, from $9.9 billion at December 31, 2025. This decrease was mainly due to a $72.1 million, or 0.9%, decrease in total deposits, partially offset by a $60.0 million, or 5.1%, increase in borrowings. #### Total Deposits Total deposits were $8.372 billion at March 31, 2026, compared to $8.444 billion at December 31, 2025. The decrease primarily consisted of decreases in non-interest-bearing demand deposits, interest-bearing demand deposits, and money market accounts, partially offset by increases in savings and club accounts and certificates of deposits. #### Total Stockholders’ Equity Total stockholders’ equity increased by $13.0 million, or 1.1%, to $1.174 billion at March 31, 2026, from $1.161 billion at December 31, 2025, primarily due to net income of $13.1 million. #### Asset Quality Non-performing loans totaled $41.4 million, or 0.50% of total gross loans, at March 31, 2026, an increase from $38.0 million, or 0.46%, at December 31, 2025. Non-performing assets as a percentage of total assets totaled 0.43% at March 31, 2026, compared to 0.34% at December 31, 2025. The allowance for credit losses on loans was $68.8 million, or 0.84% of total gross loans, at March 31, 2026, compared to $67.2 million, or 0.82%, at December 31, 2025. #### Capital Ratios (Company) Total capital (to risk-weighted assets) was 15.14% at March 31, 2026, compared to 14.92% at December 31, 2025. Tier 1 capital (to risk-weighted assets) was 14.23% at March 31, 2026, compared to 14.03% at December 31, 2025. Common equity tier 1 capital (to risk-weighted assets) was 14.14% at March 31, 2026, compared to 13.94% at December 31, 2025. Tier 1 capital (to adjusted total assets) was 10.40% at March 31, 2026, compared to 10.27% at December 31, 2025. #### Outlook / Guidance Columbia Financial, Inc. announced its intention to undertake a second-step conversion offering and a significant merger with Northfield Bancorp, Inc. 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