Columbia Financial Reports $12.3 Million Net Income for Q2 2025, Up from $4.5 Million Last Year

Columbia Financial, Inc. reported a net income of $12.3 million for the quarter ending June 30, 2025, a significant increase from $4.5 million in the same period last year. This growth was primarily driven by a $9.6 million rise in net interest income, which reached $53.7 million, and a $993,000 increase in non-interest income. The company also saw a reduction in non-interest expenses by $1.3 million, although this was partially offset by a $3.9 million increase in income tax expenses. For the first half of 2025, net income surged to $21.2 million, compared to just $3.4 million in the prior year, reflecting a 526.4% increase.

Total assets for Columbia Financial increased by $263.5 million, or 2.5%, to $10.7 billion as of June 30, 2025, compared to $10.5 billion at the end of 2024. This growth was largely attributed to a $254.1 million increase in net loans receivable, which rose to $8.1 billion, and a $31 million increase in debt securities available for sale. The company’s loan portfolio saw notable increases in multifamily, commercial real estate, and commercial business loans, while one-to-four family real estate loans and construction loans experienced declines.

In terms of operational metrics, the company reported a total of $8.1 billion in loans receivable, with an allowance for credit losses increasing to $64.5 million, or 0.79% of total gross loans. Non-performing loans rose to $39.5 million, representing 0.49% of total gross loans, up from $21.7 million, or 0.28%, at the end of 2024. The increase in non-performing loans was attributed to several factors, including a $5.9 million construction loan designated as non-performing and increases in non-performing loans across various categories.

Columbia Financial also made strategic moves during the reporting period, including the purchase of $130.9 million in equipment finance loans from a third party, which included $5.1 million in purchased credit-deteriorated loans. The company’s total liabilities increased by $223.2 million, or 2.4%, to $9.6 billion, driven by a $39.3 million increase in total deposits and a $192 million rise in borrowings. The company’s stockholders’ equity rose to $1.1 billion, reflecting a $40.3 million increase, primarily due to net income and improvements in other comprehensive income.

Looking ahead, Columbia Financial remains focused on maintaining its growth trajectory while managing credit risk and operational efficiency. The company’s management has indicated that they are well-positioned to navigate potential economic challenges, with a robust capital position and a commitment to prudent risk management practices.