Columbia Financial, Inc. Announces Completion of Second Step Conversion and $1.7 Billion Stock Offering and Acquisition of Northfield Bancorp, Inc.

manilatimes.net · 2026-07-20

FAIR LAWN, N.J., July 20, 2026 (GLOBE NEWSWIRE) -- Columbia Financial, Inc., (Nasdaq Global Select Market: CLBK), (the 'Company” or 'Columbia”), a Maryland corporation and the successor to Columbia Financial, Inc., a Delaware corporation (the 'Holding Company”), today announced the completion of the Holding Company’s conversion from the mutual holding company structure and Company’s related public offering. Columbia Bank is now 100% owned by the Company and the Company is 100% owned by public stockholders.

TickrTrends take: Columbia Financial's completion of a major stock offering and acquisition signals significant capital deployment and balance sheet expansion that will require updated valuation metrics to assess properly. The integration of Northfield Bancorp represents a transformative event for the company's scale and earnings profile, making comprehensive updated financials essential before a full valuation can be derived. Investors tracking CLBK should monitor upcoming regulatory filings and management guidance to understand how the combined entity's profitability, asset quality, and capital ratios compare to peers in the Financial Services sector.

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