Columbia Financial, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 31, 2020 at 02:32 am IST
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Columbia Financial, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 47.428 million compared to USD 43.375 million a year ago. Net income was USD 13.549 million compared to USD 14.867 million a year ago. Basic earnings per share was USD 0.12 compared to USD 0.13 a year ago. For the full year, net interest income was USD 172.371 million compared to USD 164.034 million a year ago. Net income was USD 54.717 million compared to USD 22.736 million a year ago. Basic earnings per share was USD 0.49 compared to USD 0.2 a year ago.
Columbia Financial, Inc. is the holding company of Columbia Bank and Freehold Bank, each of which is a federally chartered stock savings bank. Through Columbia Bank and Freehold Bank, the Company serves the financial needs of its depositors and the local community as community-minded, customer service-focused institutions. It offers traditional financial services to businesses and consumers in its market areas. It attracts deposits from the general public and uses those funds to originate a variety of loans, including multifamily and commercial real estate loans, commercial business loans, one-to-four family real estate loans, construction loans, home equity loans and advances, and other consumer loans. It offers title insurance through its wholly owned subsidiary, First Jersey Title Services, Inc. In addition, RSI Insurance Agency, Inc., a wholly owned subsidiary of Columbia Bank, is a full-service insurance agency that offers a range of insurance products and investment solutions.
COLUMBIA FINANCIAL, INC. 
