Columbia Financial, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018
January 31, 2019 at 09:01 pm
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Columbia Financial, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported total interest and dividend income of $61,785,000 against $49,169,000 a year ago. Net interest income was $43,375,000 against $36,929,000 a year ago. Net income was $14,867,000 against $3,678,000 a year ago. Total revenue was $49,780,000 against $41,662,000 a year ago. Basic and diluted earnings per share was $0.13.
For the full year, the company reported total interest and dividend income of $226,290,000 against $189,274,000 a year ago. Net interest income was $164,034,000 against $143,309,000 a year ago. Net income was $22,736,000 against $24,757,000 a year ago. Basic and diluted earnings per share was $0.20. Total revenue was $185,722,000 against $160,127,000 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.