CLBK

The past six months have been particularly eventful for Columbia Financial, Inc. stock. In May 2026, Columbia Financial announced the commencement of its second-step conversion offering, transitioning from a mutual holding company structure to a fully public stock holding company. This conversion involved offering up to 192,625,000 shares of common stock at $10.00 per share, primarily to eligible depositors and certain borrowers of Columbia Bank. Concurrently, the company received regulatory approvals for the acquisition of Northfield Bancorp, Inc. In July 2026, Columbia Financial completed its second-step conversion and a $1.7 billion stock offering. Simultaneously, it finalized the acquisition of Northfield Bancorp, Inc., which added approximately $5.8 billion in assets, bringing pro forma assets to $18.0 billion, deposits to $12.5 billion, and loans to $11.9 billion. This merger created one of the largest community banks headquartered in the region. The stock experienced significant volatility around these events, with a sharp gap down on July 21, 2026, where the stock swung from $24.50 to $10.89 in one session, indicating a major repricing event. Despite this, the stock was up 65% over the past year as of September 2026. In September 2026, Columbia Financial, Inc. was added to the S&P Banks Select Industry Index. The company also reported Q1 2026 net income of $13.1 million (EPS $0.13), up 47.2% year-over-year, and Q2 2026 net income of $14.5 million (EPS $0.14), up from $12.3 million in Q2 2025. A quarterly cash dividend of $0.05 per share was declared, payable in August 2026.