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Why Did Columbia Financial, Inc. (CLBK) Soar 11.36% on Earnings?
Generated by AI AgentAinvest Movers Radar
Thursday, May 1, 2025 5:09 am ET1min read
Columbia Financial, Inc. (NASDAQ: CLBK) reported a significant rise of 11.36% in pre-market trading on May 1, 2025, marking a notable increase in its stock price.
Columbia Financial, Inc. reported its first-quarter earnings, revealing a profit of $8.9 million, or $0.09 per share. This figure was slightly below the analyst estimate of $0.10 per share, indicating a marginal miss in earnings per share (EPS).
The company's revenue for the quarter was $58.8 million, reflecting a strong performance in its core operations. The net income of $8.9 million for Q1 2025 was a significant improvement from the net loss of $1.2 million reported in the same period last year.
Columbia Financial's financial results for the quarter ending March 31, 2025, showed a notable increase in net interest income. This was driven by a rise in interest income and a decrease in interest expense, contributing to the overall positive financial performance.
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