NasdaqGS:CLBKBanks
Columbia Financial (CLBK) Margin Miss Challenges Bullish Growth Narrative Despite Strong Forecasts
Columbia Financial (CLBK) is forecasting annual revenue growth of 14.5%, surpassing the broader US market’s 10.1% projected rate. Earnings are expected to jump by 54.2% each year, well ahead of the 15.5% annual growth seen across the US market. Despite these upbeat forecasts, net profit margins have slipped to 7.4% from last year’s 8%, and the company’s earnings have fallen 33.4% per year on average over the past five years. With strong future growth prospects but currently compressed...