Columbia Financial Full Year 2024 Earnings: EPS Misses Expectations

Columbia Financial (NASDAQ:CLBK) Full Year 2024 Results

Key Financial Results

• Revenue: US$165.4m (down 28% from FY 2023).
• Net loss: US$11.7m (down by 132% from US$36.1m profit in FY 2023).
• US$0.12 loss per share (down from US$0.35 profit in FY 2023).

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

Columbia Financial EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 2.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Columbia Financial's balance sheet.

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