Columbia Financial, Inc. (CLBK) Stock

Columbia Financial, Inc. (CLBK) is a Financials stock trading at $11.67 (as of 2026-09-02), with a market capitalization of $2.67B and a trailing P/E of 47.7. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Columbia Financial, Inc. is a bank holding company that provides financial services in the United States to businesses and consumers. It accepts demand, savings, money market, and certificate of deposit accounts; makes loans across commercial and residential categories; and offers services such as title insurance, wealth management, and cash management, including remote deposit and lockbox.

Understand Columbia Financial, Inc.: how it makes money

Columbia Financial is a community bank that lends to local businesses, multifamily developers, and homeowners, earning the spread between loan yields and deposit costs. Its 69 branches serve 207,000 deposit accounts, and growth tracks commercial and residential loan originations.

The core profit is the interest-rate spread: earning on a growing loan book (commercial, multifamily, residential) funded by 207,000 local deposit accounts gathered through 69 branches.

Business quality (Mixed): Clean credit (0.04% charge-offs, 0.22% NPAs) and steady 6% revenue growth are real, but the 74.57% efficiency ratio and 48x P/E leave little cushion if growth pauses.

Valuation: At 48× earnings, CLBK trades 273% above the Banking average (13×).

Bull case

  • Lending book still expanding: Loan Originations reached $960M in the quarter, indicating the commercial, multifamily, and residential loan book is actively growing and will feed future interest income.
  • Credit book stays clean: Net Charge-Offs to Average Outstanding Loans sit at 0.04% and Non-Performing Assets are just 0.22% of the portfolio, levels that keep provision expenses minimal and support stable net income.

Bear case

  • Premium pricing is extreme: The stock trades at a P/E of 48.2x versus a 13x banking industry average, a 273% premium that prices in sustained growth well beyond the current 6% revenue trajectory.
  • Cost base is heavy: The Efficiency Ratio stands at 74.57%, meaning roughly 75 cents of every revenue dollar goes to operating expenses, which caps how much top-line growth converts to earnings at higher multiples.
Valuation — source: SEC EDGAR (first-party)
Price$11.67
Market Cap$2.67B
P/E Ratio47.7
EV / EBITDA43.7
Price / Book2.28
Price / Sales5.59
FCF Yield2.2%
DCF Value (model)$2.93
DCF Upside vs Price-74.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$470.95M
Net Margin11.0%
Revenue Growth (YoY)6.0%
EPS Growth (YoY)44.4%
FCF Growth (YoY)-128.4%
Valuation vs Sector & Industry
Stock P/E47.7
Sector P/E (Financials)14.9
Industry P/E (Banking)12.7
vs Sector220.0%
vs Industry276.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($40.44M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryBanking
CEOThomas J. Kemly
Employees708
CountryUS
IPO Date2018-04-23

Related Companies (Banking; 8 comparable banks)

  • Kearny Financial Corp. (KRNY)
  • TFS Financial Corporation (TFSL)
  • HomeTrust Bancshares, Inc. (HTB)
  • Northrim BanCorp, Inc. (NRIM)
  • First Guaranty Bancshares, Inc. (FGBI)
  • Ponce Financial Group, Inc. (PDLB)
  • Farmers & Merchants Bancorp, Inc. (FMAO)
  • BCB Bancorp, Inc. (BCBP)
CLBK earnings history · CLBK institutional & insider holders · CLBK KPIs & operating metrics · CLBK financials · CLBK investor presentations & press releases · CLBK SEC filings · CLBK peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.