Columbia Financial Management

Management criteria checks 3/4

Columbia Financial's CEO is Tom Kemly, appointed in Jan 2011, has a tenure of 12.92 years. total yearly compensation is $1.66M, comprised of 51.7% salary and 48.3% bonuses, including company stock and options. directly owns 0.38% of the company’s shares, worth $7.12M. The average tenure of the management team and the board of directors is 1.9 years and 17.9 years respectively.

Key information

Tom Kemly

Chief executive officer

US$1.7m

Total compensation

CEO salary percentage	51.7%
CEO tenure	12.9yrs
CEO ownership	0.4%
Management average tenure	1.9yrs
Board average tenure	17.9yrs

Recent management updates

Recent updates

Does Columbia Financial (NASDAQ:CLBK) Deserve A Spot On Your Watchlist?

Jun 23

Does Columbia Financial (NASDAQ:CLBK) Deserve A Spot On Your Watchlist?

Mar 02

If You Like EPS Growth Then Check Out Columbia Financial (NASDAQ:CLBK) Before It's Too Late

Nov 04

How Many Columbia Financial, Inc. (NASDAQ:CLBK) Shares Did Insiders Buy, In The Last Year?

Dec 11

CEO Compensation Analysis

How has Tom Kemly's remuneration changed compared to Columbia Financial's earnings?
Date	Total Comp.	Salary	Company Earnings
Sep 30 2023	n/a	n/a	US$51m
Jun 30 2023	n/a	n/a	US$63m
Mar 31 2023	n/a	n/a	US$84m
Dec 31 2022	US$2m	US$860k	US$86m
Sep 30 2022	n/a	n/a	US$88m
Jun 30 2022	n/a	n/a	US$88m
Mar 31 2022	n/a	n/a	US$91m
Dec 31 2021	US$2m	US$819k	US$92m
Sep 30 2021	n/a	n/a	US$89m
Jun 30 2021	n/a	n/a	US$83m
Mar 31 2021	n/a	n/a	US$72m
Dec 31 2020	US$4m	US$826k	US$58m
Sep 30 2020	n/a	n/a	US$50m
Jun 30 2020	n/a	n/a	US$50m
Mar 31 2020	n/a	n/a	US$47m
Dec 31 2019	US$11m	US$775k	US$55m
Sep 30 2019	n/a	n/a	US$56m
Jun 30 2019	n/a	n/a	US$53m
Mar 31 2019	n/a	n/a	US$26m
Dec 31 2018	US$2m	US$745k	US$23m
Sep 30 2018	n/a	n/a	US$11m
Jun 30 2018	n/a	n/a	US$2m
Mar 31 2018	n/a	n/a	US$26m
Dec 31 2017	US$2m	US$735k	US$24m

Compensation vs Market: Tom's total compensation ($USD1.66M) is below average for companies of similar size in the US market ($USD5.12M).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.

CEO

Tom Kemly (65 yo)

12.9yrs

Tenure

US$1,662,649

Compensation

Mr. Thomas J. Kemly, also Known as Tom, has been Chief Executive Officer and President of Columbia Financial, Inc. since 2011 and its Director since 2006. Mr. Kemly serves as Director of Federal Home Loan...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Thomas Kemly	President	12.9yrs	US$1.66m	0.38% $ 7.1m
Dennis Gibney	Executive VP & CFO	no data	US$763.00k	0.20% $ 3.7m
Edward Allen	Senior Executive VP & COO	no data	US$941.99k	0.16% $ 3.1m
John Klimowich	Executive VP & Chief Risk Officer	no data	US$666.69k	0.10% $ 1.9m
Allyson Schlesinger	Executive VP & Head of Consumer Banking	5.9yrs	US$730.02k	0.091% $ 1.7m
W. Jennings	Executive VP of Operations & Operations Officer	1.9yrs	US$1.20m	0.016% $ 295.3k
Manesh Prabhu	Executive VP & Chief Information Officer	1.2yrs	no data	0.015% $ 281.0k
Jenifer Walden	Executive VP & Chief Human Resources Officer	1.3yrs	no data	0.010% $ 185.3k
Oliver Lewis	Executive VP & Head of Commercial Banking	2.9yrs	US$1.37m	0.047% $ 876.2k
Matthew Rickert	Executive VP & Chief Credit Officer	1.3yrs	no data	0.015% $ 274.7k
Mayra Rinaldi	Executive VP of Corporate Governance and Culture & Corporate Secretary	no data	no data	0.039% $ 732.3k

1.9yrs

Average Tenure

58yo

Average Age

Experienced Management: CLBK's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Thomas Kemly	President	17.9yrs	US$1.66m	0.38% $ 7.1m
Noel Holland	Independent Chairman of the Board	28.9yrs	US$202.45k	0.083% $ 1.5m
Robert Van Dyk	Independent Director	29.9yrs	US$109.20k	0.13% $ 2.4m
Michael Massood	Independent Director	20.9yrs	US$128.58k	0.089% $ 1.7m
Elizabeth Randall	Independent Director	20.9yrs	US$121.73k	0.084% $ 1.6m
Paul Van Ostenbridge	Independent Director	4.1yrs	US$169.32k	0.016% $ 292.3k
James Kuiken	Independent Director	3.6yrs	US$154.94k	0.0094% $ 174.1k
Lucy Sorrentini	Independent Director	3.6yrs	US$195.23k	0.0082% $ 152.9k
Daria Torres	Independent Director	2.4yrs	US$155.93k	0.0048% $ 89.0k

17.9yrs

Average Tenure

69yo

Average Age

Experienced Board: CLBK's board of directors are seasoned and experienced ( 17.9 years average tenure).

Columbia Financial Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Columbia Financial, Inc., Annual General Meeting, Jun 07, 2023

Columbia Financial, Inc. Appoints Mayra L. Rinaldi as Executive Vice President, Corporate Governance and Culture

Independent Director exercised options and sold US$125k worth of stock

Independent Director recently bought US$60k worth of stock

Columbia Financial, Inc. Appoints Manesh Prabhu as Executive Vice President, Chief Information Officer

Recent updates

New major risk - Revenue and earnings growth

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Price target decreased by 12% to US$18.00

Consensus EPS estimates fall by 35%

Second quarter 2023 earnings: EPS misses analyst expectations

Investor sentiment improves as stock rises 19%

Insufficient new directors

Investor sentiment deteriorates as stock falls 21%

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 7.1% to US$19.50

Investor sentiment deteriorates as stock falls 20%

Consensus EPS estimates fall by 11%

Columbia Financial, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Columbia Financial, Inc., Annual General Meeting, Jun 07, 2023

Columbia Financial, Inc. Appoints Mayra L. Rinaldi as Executive Vice President, Corporate Governance and Culture

Independent Director exercised options and sold US$125k worth of stock

Independent Director recently bought US$60k worth of stock

Third quarter 2022 earnings: EPS misses analyst expectations

Columbia Financial, Inc. Reports Net Charge-Offs for the Third Quarter Ended September 30, 2022

Columbia Financial, Inc. Appoints Manesh Prabhu as Executive Vice President, Chief Information Officer

Price target decreased to US$21.00

Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Columbia Financial, Inc.(NasdaqGS:CLBK) dropped from Russell 2000 Dynamic Index

Does Columbia Financial (NASDAQ:CLBK) Deserve A Spot On Your Watchlist?

Columbia Financial, Inc. Appoints Jenifer Walden as Executive Vice President, Chief Human Resources Officer for Columbia Bank

Columbia Financial, Inc. (NasdaqGS:CLBK) acquired RSI Bancorp, MHC.

First quarter 2022 earnings: EPS misses analyst expectations

Columbia Financial, Inc. Receives Regulatory Approvals for Acquisition of RSI Bank

Does Columbia Financial (NASDAQ:CLBK) Deserve A Spot On Your Watchlist?

Full year 2021 earnings: EPS exceeds analyst expectations

Stipulation and Agreement of Compromise, Settlement and Release Files in Relation to A Lawsuit Involving Columbia Financial, Inc

Price target increased to US$22.00

Columbia Financial, Inc. (NasdaqGS:CLBK) agreed to acquire RSI Bancorp, MHC.

If You Like EPS Growth Then Check Out Columbia Financial (NASDAQ:CLBK) Before It's Too Late

Third quarter 2021 earnings released: EPS US$0.20 (vs US$0.14 in 3Q 2020)

Consensus forecasts updated

High number of new directors

Second quarter 2021 earnings released: EPS US$0.26 (vs US$0.14 in 2Q 2020)

Here's Why We Think Columbia Financial (NASDAQ:CLBK) Is Well Worth Watching

Columbia Financial to acquire Freehold Bank

Consensus EPS estimates increase to US$0.77

First quarter 2021 earnings released: EPS US$0.20 (vs US$0.062 in 1Q 2020)

Columbia Financial EPS beats by $0.03, beats on revenue

Is Now The Time To Put Columbia Financial (NASDAQ:CLBK) On Your Watchlist?

Full year 2020 earnings released: EPS US$0.53 (vs US$0.49 in FY 2019)

Revenue and earnings beat expectations

New 90-day high: US$16.47

How Many Columbia Financial, Inc. (NASDAQ:CLBK) Shares Do Institutions Own?

Full year 2020 earnings released: EPS US$0.53 (vs US$0.49 in FY 2019)

Revenue and earnings beat expectations

Columbia Financial, Inc., Annual General Meeting, May 20, 2021

Columbia Financial, Inc. Appoints Oliver E. Lewis, Jr. as Executive Vice President, Head of Commercial Banking for the Bank

New 90-day high: US$15.55

How Many Columbia Financial, Inc. (NASDAQ:CLBK) Shares Did Insiders Buy, In The Last Year?

New 90-day high: US$15.07

Third quarter 2020 earnings released: EPS US$0.14

Revenue and earnings beat expectations

New 90-day high: US$13.63

Third quarter earnings released

Third-quarter earnings released: Earnings beat expectations

New 90-day high: US$12.92

Price target lowered to US$12.75

New 90-day low: US$10.66

New 90-day low - US$11.49

First half earnings released

New 90-day low - US$12.52

CEO Compensation Analysis

CEO