Columbia Financial (NASDAQ:CLBK) Full Year 2024 Results

Key Financial Results

• Revenue: US$165.4m (down 28% from FY 2023).
• Net loss: US$11.7m (down by 132% from US$36.1m profit in FY 2023).
• US$0.12 loss per share (down from US$0.35 profit in FY 2023).

CLBK Banking Performance Indicators

• Net interest margin (NIM): 1.82% (down from 2.16% in FY 2023).
• Non-performing loans: 0.28% (up from 0.16% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Columbia Financial EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

In the last 12 months, the only revenue segment was Financial Services contributing US$165.4m. The largest operating expense was General & Administrative costs, amounting to US$162.7m (92% of total expenses). Explore how CLBK's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Columbia Financial's balance sheet and an in-depth analysis of the company's financial position.

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