Columbia Financial, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 04:05 pm EDT
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Columbia Financial, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 51.15 million compared to USD 66.51 million a year ago. Net income was USD 1.66 million compared to USD 22.96 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.22 a year ago.
For the six months, net interest income was USD 112.02 million compared to USD 129.23 million a year ago. Net income was USD 20.39 million compared to USD 43.36 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.41 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.41 a year ago.
Columbia Financial, Inc. is the holding company of Columbia Bank and Freehold Bank, each of which is a federally chartered stock savings bank. Through Columbia Bank and Freehold Bank, the Company serves the financial needs of its depositors and the local community as community-minded, customer service-focused institutions. It offers traditional financial services to businesses and consumers in its market areas. It attracts deposits from the general public and uses those funds to originate a variety of loans, including multifamily and commercial real estate loans, commercial business loans, one-to-four family real estate loans, construction loans, home equity loans and advances, and other consumer loans. It offers title insurance through its wholly owned subsidiary, First Jersey Title Services, Inc. In addition, RSI Insurance Agency, Inc., a wholly owned subsidiary of Columbia Bank, is a full-service insurance agency that offers a range of insurance products and investment solutions.
COLUMBIA FINANCIAL, INC. 
