Columbia Financial (NASDAQ:CLBK) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$50.2m (down 8.4% from 3Q 2023).

• Net income: US$6.19m (down 32% from 3Q 2023).

• Profit margin: 12% (down from 17% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$0.061 (down from US$0.09 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Columbia Financial Earnings Insights

Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 3.7% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Columbia Financial that we have uncovered.

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