Columbia Financial Q4 Earnings Beat Expectations, Revenue Up 236% YoY

Columbia Financial (NASDAQ:CLBK) reported Q4 revenues of $66.7 million, up 236% YoY, beating analysts' estimates by 12.7%. The company's strong performance was driven by margin expansion and increased commercial lending. Share prices are up 12.4% since the earnings release, with the stock trading at $18.29. Columbia Financial achieved the fastest revenue growth among the 13 thrifts & mortgage finance stocks tracked, outperforming the group's average.