Columbia Financial, Inc./MD/
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 9, 2026
CLBK$11.33-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income (Loss)
(In thousands)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (Unaudited) | ||||
| Net income | $5,231 | $14,868 | $32,817 | $36,073 |
| Other comprehensive income (loss), net of tax: | ||||
| Unrealized gain on debt securities available for sale | 13,014 | 6,430 | 6,654 | 22,144 |
| Accretion of unrealized gain (loss) on debt securities reclassified as held to maturity | 15 | 4 | 23 | (1) |
| Reclassification adjustment for (loss) gain on debt securities available for sale included in net income | (28,595) | — | (28,595) | 243 |
| (15,566) | 6,434 | (21,918) | 22,386 | |
| Derivatives, net of tax: | ||||
| Unrealized gain (loss) on swap contracts accounted for as cash flow hedges | 1,653 | (26) | 4,603 | (3,357) |
| 1,653 | (26) | 4,603 | (3,357) | |
| Employee benefit plans, net of tax: | ||||
| Amortization of prior service cost included in net income | (22) | (25) | (65) | (73) |
| Reclassification adjustment of actuarial net gain included in net income | — | 17 | 1 | 50 |
| Change in funded status of retirement obligations | 363 | (173) | 7,801 | 2,485 |
| 341 | (181) | 7,737 | 2,462 | |
| Total other comprehensive income (loss) | (13,572) | 6,227 | (9,578) | 21,491 |
| Total comprehensive income (loss), net of tax | $(8,341) | $21,095 | $23,239 | $57,564 |
| See accompanying notes to unaudited consolidated financial statements. | ||||
Consolidated Statements of Changes in Stockholders' Equity (Unaudited)
Three Months Ended September 30, 2026 and 2025 (In thousands)
| Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Common Stock Held by the Employee Stock Ownership Plan | Stock Held by Rabbi Trust | Deferred Compensation Obligations | Total Stockholders' Equity | |
|---|---|---|---|---|---|---|---|---|---|
| Balance at June 30, 2026 | $1,318 | $811,340 | $961,302 | $(71,978) | $(478,144) | $(26,809) | $(3,446) | $2,627 | $1,196,210 |
| Net income | — | — | 5,231 | — | — | — | — | — | 5,231 |
| Other comprehensive income | — | — | — | (13,572) | — | — | — | — | (13,572) |
| Stock based compensation | — | 1,096 | — | — | — | — | — | — | 1,096 |
| Exercise of stock options (43,326 shares) | — | (29) | — | — | — | — | — | — | (29) |
| Restricted stock forfeitures (618 shares) | — | — | — | — | — | — | — | — | — |
| Employee Stock Ownership Plan shares committed to be released | — | 866 | — | — | — | 937 | — | — | 1,803 |
| Funding of deferred compensation obligations | — | — | — | — | — | — | 389 | (297) | 92 |
| Corporate reorganization: | |||||||||
| Merger of Northfield Bancorp, Inc. | 406 | 405,785 | — | — | — | — | — | — | 406,191 |
| Exchange of common stock | (358) | 358 | — | — | — | — | — | — | — |
| Dissolution of Columbia Bank, MHC | (960) | 947 | — | — | — | — | — | — | (13) |
| Treasury stock retired | (277) | (477,867) | — | — | 478,144 | — | — | — | — |
| Proceeds of stock offering, net of costs | 2,516 | 1,580,128 | — | — | — | — | — | — | 1,582,644 |
| Purchase of common stock by ESOP | 50 | 50,121 | — | — | — | (50,171) | — | — | — |
| Cash dividends declared ($0.05 per common share) | — | — | (12,919) | — | — | — | — | — | (12,919) |
| Balance at September 30, 2026 | $2,695 | $2,372,745 | $953,614 | $(85,550) | $— | $(76,043) | $(3,057) | $2,330 | $3,166,734 |
| Share and per share amounts related to periods prior to the date of conversion (July 20, 2026) have been adjusted to give retroactive recognition to the 2.2000 exchange ratio applied in the second-step conversion (see Note 1) | |||||||||
| See accompanying notes to unaudited consolidated financial statements. | |||||||||
Three Months Ended September 30, 2026 and 2025 (In thousands)
| Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Common Stock Held by the Employee Stock Ownership Plan | Stock Held by Rabbi Trust | Deferred Compensation Obligations | Total Stockholders' Equity | |
|---|---|---|---|---|---|---|---|---|---|
| Balance at June 30, 2025 | $1,316 | $802,923 | $903,156 | $(95,104) | $(461,588) | $(29,080) | $(3,445) | $2,530 | $1,120,708 |
| Net income | — | — | 14,868 | — | — | — | — | — | 14,868 |
| Other comprehensive income | — | — | — | 6,227 | — | — | — | — | 6,227 |
| Stock based compensation | — | 1,130 | — | — | — | — | — | — | 1,130 |
| Purchase of treasury stock (404,500 shares) | — | — | — | — | (2,837) | — | — | — | (2,837) |
| Excise tax benefit on net stock repurchases | — | — | — | — | (28) | — | — | — | (28) |
| Employee Stock Ownership Plan shares committed to be released | — | 281 | — | — | — | 572 | — | — | 853 |
| Funding of deferred compensation obligations | — | — | — | — | — | — | 30 | 9 | 39 |
| Balance at September 30, 2025 | $1,316 | $804,334 | $918,024 | $(88,877) | $(464,453) | $(28,508) | $(3,415) | $2,539 | $1,140,960 |
| Share and per share amounts related to periods prior to the date of conversion (July 20, 2026) have been adjusted to give retroactive recognition to the 2.2000 exchange ratio applied in the second-step conversion (see Note 1) | |||||||||
| See accompanying notes to unaudited consolidated financial statements. | |||||||||
Nine Months Ended September 30, 2026 and 2025 (In thousands)
| Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Common Stock Held by the Employee Stock Ownership Plan | Stock Held by Rabbi Trust | Deferred Compensation Obligations | Total Stockholders' Equity | |
|---|---|---|---|---|---|---|---|---|---|
| Balance at December 31, 2025 | $1,316 | $806,581 | $933,717 | $(75,972) | $(476,133) | $(27,935) | $(3,479) | $2,633 | $1,160,728 |
| Net income | — | — | 32,817 | — | — | — | — | — | 32,817 |
| Other comprehensive income | — | — | — | (9,578) | — | — | — | — | (9,578) |
| Issuance of common stock allocated to restricted stock award grants (352,664 shares) | 2 | (2) | — | — | — | — | — | — | — |
| Stock based compensation | — | 3,282 | — | — | — | — | — | — | 3,282 |
| Exercise of stock options (326,848 shares) | — | (162) | — | — | — | — | — | — | (162) |
| Restricted stock forfeitures (203,020 shares) | — | 1,773 | — | — | (1,773) | — | — | — | — |
| Repurchase shares for taxes (26,624 shares) | — | — | — | — | (229) | — | — | — | (229) |
| Excise tax benefit on net stock repurchases | — | — | — | — | (9) | (9) | |||
| Employee Stock Ownership Plan shares committed to be released | — | 1,801 | — | — | — | 2,063 | — | — | 3,864 |
| Funding of deferred compensation obligations | — | — | — | — | — | — | 422 | (303) | 119 |
| Corporate reorganization: | |||||||||
| Merger of Northfield Bancorp, Inc. | 406 | 405,785 | — | — | — | — | — | — | 406,191 |
| Dissolution of Columbia Bank MHC | (960) | 947 | — | — | — | — | — | — | (13) |
| Exchange of common stock | (358) | 358 | — | — | — | — | — | — | — |
| Treasury stock retired | (277) | (477,867) | — | — | 478,144 | — | — | — | — |
| Proceeds of stock offering, net of costs | 2,516 | 1,580,128 | — | — | — | — | — | — | 1,582,644 |
| Purchase of common stock by ESOP | 50 | 50,121 | — | — | — | (50,171) | — | — | — |
| Cash dividends declared ($0.05 per common share) | — | — | (12,920) | — | — | — | — | — | (12,920) |
| Balance at September 30, 2026 | $2,695 | $2,372,745 | $953,614 | $(85,550) | $— | $(76,043) | $(3,057) | $2,330 | $3,166,734 |
| Share and per share amounts related to periods prior to the date of conversion (July 20, 2026) have been adjusted to give retroactive recognition to the 2.2000 exchange ratio applied in the second-step conversion (see Note 1) | |||||||||
| See accompanying notes to unaudited consolidated financial statements. | |||||||||
Nine Months Ended September 30, 2026 and 2025 (In thousands)
| Common Stock | Additional Paid-in-Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Common Stock Held by the Employee Stock Ownership Plan | Stock Held by Rabbi Trust | Deferred Compensation Obligations | Total Stockholders' Equity | |
|---|---|---|---|---|---|---|---|---|---|
| Balance at December 31, 2024 | $1,314 | $799,482 | $881,951 | $(110,368) | $(460,980) | $(30,207) | $(3,255) | $2,439 | $1,080,376 |
| Net income | — | — | 36,073 | — | — | — | — | — | 36,073 |
| Other comprehensive income | — | — | — | 21,491 | — | — | — | — | 21,491 |
| Issuance of common stock allocated to restricted stock award grants (460,363 shares) | 2 | (2) | — | — | — | — | — | — | — |
| Stock based compensation | — | 3,590 | — | — | — | — | — | — | 3,590 |
| Purchase of treasury stock (404,500 shares) | — | — | — | — | (2,837) | — | — | — | (2,837) |
| Restricted stock forfeitures (64,856 shares) | — | 436 | — | — | (436) | — | — | — | — |
| Repurchase shares for taxes (26,012 shares) | — | — | — | — | (179) | — | — | — | (179) |
| Excise tax benefit on net stock repurchases | — | — | — | — | (21) | — | — | — | (21) |
| Employee Stock Ownership Plan shares committed to be released | — | 828 | — | — | — | 1,699 | — | — | 2,527 |
| Funding of deferred compensation obligations | — | — | — | — | — | — | (160) | 100 | (60) |
| Balance at September 30, 2025 | $1,316 | $804,334 | $918,024 | $(88,877) | $(464,453) | $(28,508) | $(3,415) | $2,539 | $1,140,960 |
| Share and per share amounts related to periods prior to the date of conversion (July 20, 2026) have been adjusted to give retroactive recognition to the 2.2000 exchange ratio applied in the second-step conversion (see Note 1) | |||||||||
| See accompanying notes to unaudited consolidated financial statements. | |||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.