Columbia Financial, Inc. · NASDAQ:CLBK
Columbia Financial — Financial Services Conference 2025
22 slides from Columbia Financial's conference presentation, Nov 10, 2025
Slide 1: Financial Services Conference
Financial Services Conference November 10, 2025 | Thomas J. Kemly, President & CEO | Dennis E. Gibney, Sr. EVP, CFO | Thomas Splaine, 1st SVP, CAO
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the private securities litigation reform act of 1995 regarding Columbia Financial Inc.'s expectations or predictions of future financial or business performance or conditions. Forward-looking statements
Slide 3: Columbia Financial, Inc. Overview
(1) Financial results are at or for the nine months ended September 30, 2025. (2) Ratios are annualized when appropriate. Columbia Financial, Inc. Overview 3 Ticker CLBK (Nasdaq) Headquarters Fair Lawn, New Jersey Branch Network 69 full-service banking offices Our Primary Market Areas New Jersey, Ne
Slide 4: Nine-month 2025 highlights
• Net interest margin increased 40 bps to 2.20% from 1.80% for the nine months ended September 30, 2025 and 2024, respectively. • Net income increased $26.5 million to $36.1 million from $9.6 million for the nine months ended September 30, 2025 and 2024, respectively. • Basic and diluted earnings pe
Slide 5: Capital Management
• Management focused on deploying capital through a combination of organic growth, acquisitions, and stock repurchases. • In September 2025, the Board of Directors authorized a new share repurchase program of 1,800,000 shares. • CLBK does not pay cash dividends to shareholders while in the MHC struc
Slide 6: Financial Performance
(1) Represents a Non-GAAP financial measure. YTD 2025 - Ratios are annualized for the nine months ended September 30, 2025. Financial Performance 6 0.46% 0.22% 0.49% 0.93% 1.03% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 9/30/2025 YE 2024 YE 2023 YE 2022 YE 2021 Core Return on Average Assets(1) 5.01%
Slide 7: Financial Performance: Net Interest Margin
Financial Performance 7 2.29% 2.19% 2.11% 1.88% 1.84% 1.40% 1.60% 1.80% 2.00% 2.20% 2.40% 2.60% Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Net Interest Margin(1) (1) Quarterly ratios are annualized.
Slide 8: Lending
Lending • As a community banking organization, the Company differentiates itself by focusing on relationships and self-sourced originations. • Loans are largely focused in New Jersey, Pennsylvania and the suburbs of New York. Originations in New York City are limited. • For the nine months ended Sep
Slide 9: Commercial Real Estate
Commercial Real Estate 9(1) Based on the most recent available information. 74.2% 11.9% 8.5% 1.2% 4.2% Multifamily Concentrations as of 9/30/2025 New Jersey PA - Philadelphia PA - Other NY - New York City NY - Other As of September 30, 2025 the Company had loan exposures of approximately $814,000
Slide 10: Commercial Real Estate (Continued)
Commercial Real Estate (Continued) 10 156% 194% 207% 211% 212% 247% 280% 304% 318% 347% 364% 372% 376% 381% 404% 423% 426% 427% 465% 504% 0% 50% 100% 150% 200% 250% 300% 350% 400% 450% 500% 550% Commercial Real Estate / Total Capital Peers: CBU, CNOB, CUBI, DCOM, EGBN, FCF, FFIC, HONE, INDB, KRNY, M
Slide 11: Asset Quality
Peers: CBU, CNOB, CUBI, DCOM, EGBN, FCF, FFIC, HONE, INDB, KRNY, MCB, NBTB, NFBK, OCFC, PGC, PFS, STBA, TMP, TFSL, WSFS Source: S&P Global 9/30/2025 (1) Ratio for the 2025 period is annualized. The 2025 ratio includes $3.2 million of non-annualized PCD charge-offs related to the purchase of commerci
Slide 12: Deposits
Deposits • The deposit base is large, diverse and driven through our branch network leveraging our community development. • We continue to focus on treasury services as a means of deepening our commercial customer relationships and providing enhanced customer service for an appropriate fee. 12 $8,24
Slide 13: Investment Securities
Investment Securities • Approximately 92.7% of the total portfolio consisted of direct government or government agency obligations. • Net unrealized losses on available for sale securities, net of tax, as a percentage of total equity was 5.3%. • Duration of the investment portfolio is approximately
Slide 14: Mergers & Acquisitions
Completed IPO Sold 43% of Columbia Financial and raised $498 million in gross proceeds. Granted 3% of the shares to the Columbia Bank Foundation. Pro forma TCE was 15.6%. 2018 2020 2022 2019 2021 Acquired Roselle Mutual Merger $422 million in total assets and $333 million in deposits. In market tran
Slide 15: Organizational Considerations and Pro Forma Value of a Hypothetical Second Step Conversion
• Management and the Board of Directors are aware of the opportunities afforded by a second step conversion. • We believe that being “well- positioned” to execute a second step conversion is important. • Therefore, management is focused on: • Building the growth engine so we can leverage the amount
Slide 16: Strategic priorities
• Focus on earnings improvement, especially strategies to improve net interest margin. • Continue our organic growth strategy while being mindful of economic conditions and evaluating acquisitions opportunistically. • Be positioned to pursue a second step conversion if and when conditions are right.
Slide 17: Appendix
Appendix
Slide 18: Core Net Income (Non-GAAP Financial Measures)
Core Net Income (Non-GAAP Financial Measures) 2025 2024 2024(1) 2023 2022 2021 Reconciliation of Core Net Income: Net Income (loss): 36,073$ 9,570$ (11,653)$ 36,086$ 86,173$ 92,049$ Add/Less: (Gain) Loss on securities transactions, net of tax (251) 1,130 30,082 9,249 (156) (1,481) Add: FDIC special
Slide 19: Core ROAA and ROATE (Non-GAAP Financial Measures)
Core ROAA and ROATE (Non-GAAP Financial Measures) 2025(1) 2024(1) 2024 2023 2022 2021 Return on Average Assets 0.45% 0.12% -0.11% 0.35% 0.88% 1.01% Net Income (loss) 36,073$ 9,570$ (11,653)$ 36,086$ 86,173$ 92,049$ Average Assets 10,690,350$ 10,642,460$ 10,653,512$ 10,370,557$ 9,741,822$ 9,103,003$
Slide 20: Efficiency Ratio and Core Efficiency Ratio
2025(1) 2024(1) 2024 2023 2022 2021 Efficiency Ratio 70.47% 85.73% 100.81% 78.20% 58.83% 57.26% Net Interest Income 161,414$ 131,555$ 177,982$ 205,876$ 266,777$ 233,134$ Non-Interest Income 28,511 25,610 1,894 27,379 30,400 38,831 Total Income 189,925$ 157,165$ 179,876$ 233,255$ 297,177$ 271,965$ No
Slide 21: Consolidated Statements of Financial Condition
Consolidated Statements of Financial Condition Description 9/30/2025 12/31/2024 12/31/2023 12/31/2022 12/31/2021 Total Assets 10,855,834$ 10,475,493$ 10,645,568$ 10,408,169$ 9,224,097$ Total cash and cash equivalents 253,402 289,223 423,249 179,229 70,963 Debt securities available for sale, at fair
Slide 22: Consolidated Statements of Income
(1) Represents a Non-GAAP financial measure. Consolidated Statements of Income 2025 2024 2024 2023 2022 2021 Interest income 349,071$ 337,800$ 451,426$ 394,978$ 309,670$ 270,150$ Interest expense 187,657 206,245 273,444 189,102 42,893 37,016 Net interest income 161,414 131,555 177,982 205,876 266,77
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