Columbia Financial Acquires Northfield Bancorp, Boosting Regional Presence
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2026
0mins
Should l Buy CLBK?
Source: Fool
- Acquisition Announcement: Columbia Financial has agreed to acquire Northfield Bancorp for approximately $597 million, which will create the third-largest regional bank in New Jersey, significantly enhancing its competitive position with a combined asset total of $18 billion.
- Financial Performance: In the fourth quarter of 2025, Columbia's total revenue surged over threefold from the same period in 2024 to nearly $69 million, despite a substantial loss on securities transactions in the prior year, indicating a strong recovery in business operations.
- Net Income Rebound: The company's net income, in accordance with GAAP, reached just under $15.7 million, or $0.15 per share, contrasting sharply with a loss of over $21 million in the fourth quarter of 2024, showcasing the effectiveness of its strategic initiatives.
- Strategic Investment: CEO Thomas Kemly noted that these improvements reflect the company's focus on margin expansion, ongoing growth in commercial lending, and efficiency enhancements through technology, with plans to continue investing in infrastructure necessary for sustainable growth.
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Analyst Views on CLBK
Wall Street analysts forecast CLBK stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 18.190
Low
17.00
Averages
17.00
High
17.00
Current: 18.190
Low
17.00
Averages
17.00
High
17.00
About CLBK
Columbia Financial, Inc. is the holding company of Columbia Bank. Columbia Bank is a federally chartered savings bank in Fair Lawn, New Jersey that operates approximately 68 full-service banking offices and offers traditional financial services to consumers and businesses in its market area. 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.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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