Fri, May 9, 8:12 PM (6 days ago)
**Columbia Financial, Inc. (CLBK) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Total revenue for Q1 2025 was $112.2 million, up from $108.6 million in Q1 2024. - **Profit Margins:** Net income was $8.9 million, a significant improvement from a net loss of $1.2 million in Q1 2024. - **Cash Flow:** Net cash provided by operating activities was $1.6 million, compared to $14.1 million in Q1 2024. - **Earnings Changes:** Earnings per share (EPS) was $0.09, compared to a loss of $0.01 in Q1 2024. **Quarterly Performance Discussion:** - **Interest Income:** Increased by $3.5 million due to higher average balances and yields on loans and securities. - **Interest Expense:** Decreased by $4.6 million due to lower costs on deposits and borrowings. - **Net Interest Income:** Increased by $8.1 million to $50.3 million. - **Provision for Credit Losses:** Decreased by $2.3 million to $2.9 million. - **Non-Interest Income:** Increased by $1.0 million to $8.5 million. - **Non-Interest Expense:** Decreased by $1.8 million to $43.8 million. - **Income Tax Expense:** Increased by $3.2 million to $3.1 million. **Trends and Uncertainties:** - **Asset Growth:** Total assets increased by $132.4 million to $10.6 billion. - **Loan Growth:** Loans receivable increased by $108.3 million to $8.0 billion. - **Deposit Growth:** Total deposits increased by $98.8 million to $8.2 billion. - **Capital Position:** Strong liquidity and capital positions with no outstanding borrowings from the Federal Reserve Discount Window. **Future Operations Impact:** - **Economic Conditions:** The Company's financial results are affected by changes in the economic environment, including interest rates, inflation, and unemployment. - **Regulatory Environment:** Changes in government regulations affecting financial institutions could impact the Company's financial condition. - **Market Risks:** The Company is exposed to changes in the fair value of certain of its fixed-rate pools of assets due to changes in benchmark interest rates. **Ticker:** CLBK **Note:** Amounts are usually in thousands, 000s.