CLBK News & Events

Columbia Financial "announced that, effective immediately, Dennis E. Gibney, Senior Executive Vice President and Chief Financial Officer of the Company and the Bank, has been promoted to First Senior Executive Vice President and Chief Banking Officer of the Company and the Bank. In connection with Mr. Gibney's promotion, effective immediately, Thomas Splaine, Jr., First Senior Vice President and Chief Accounting Officer of the Company and the Bank, has been appointed Executive Vice President and Chief Financial Officer of the Company and the Bank."

Reports Q3 tangible book value per share $9.76. Reports Q3 net charge-offs .04%. Thomas Kemly, president and CEO commented: "Our quarterly earnings continue to increase in 2025 driven by net interest margin expansion, strong loan demand, a continued shift in loan mix and a reduction in funding costs. In September, we recommenced our share repurchase program which we believe will contribute to enhanced shareholder value. Our asset quality remains very strong and improved from the prior quarter with a decrease in non-performing assets. We continue to grow the Company's balance sheet towards commercially oriented segments in a very competitive environment, which speaks to the strength of our core customer relationships and the local economy."

Columbia Financial "announced that the Company's Board of Directors has authorized a new stock repurchase program to acquire up to 1,800,000 shares, or approximately 1.7%, of the Company's currently issued and outstanding common stock. The stock repurchase program was adopted following the receipt of a notice of non-objection from the Federal Reserve Bank of Philadelphia."