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Columbia Financial, Inc. CLBK Bank Owned Life Insurance Income

Bank Owned Life Insurance Income at other companies

Provident Financial Services logo
Provident Financial ServicesPFS
$4.03M+92.8%
WaFd, Inc. logo
WaFd, Inc.WAFD
$1.98M+6.9%
First Bancorp logo
First BancorpFBNC
$1.34M+9.1%
Bank First Corporation logo
Bank First CorporationBFC
$743K+82.6%
Community Financial System logo
Community Financial SystemCBU
$991K+78.2%
Trico Bancshares logo
Trico BancsharesTCBK
$816K-0.5%

Other financials

Income statement

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Revenue$67.1M+14.2%
Net income$13.1M+47.2%
EPS (diluted)$0.13+44.4%

Balance sheet

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Cash & equivalents$276.9M+8.1%
Total debt$1.3B+12.1%
Total equity$1.2B+6.7%
Total assets$11.0B+3.8%

Cash flow

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Operating cash flow$3.1M+299%
CapEx$1.9M-35.7%
Free cash flow$1.3M+128%

Valuation

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Market cap$2.06B+16.1%
Enterprise value$3.05B+15.1%
P/E36.9×
P/S7.7×-1.7×

Profitability

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Net margin21%+20.2pp
FCF margin24.1%+19.4pp

Returns & leverage

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Return on equity4.9%+4.8pp
Debt / equity1.1×+0.1×

Where this comes from

Reported directly by Columbia Financial, Inc. in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.

The official record: Columbia Financial, Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Columbia Financial, Inc.'s bank owned life insurance income?
Columbia Financial, Inc. (CLBK) reported bank owned life insurance income of $2.17M in Q1 2026.
How has Columbia Financial, Inc.'s bank owned life insurance income changed year-over-year?
Columbia Financial, Inc.'s bank owned life insurance income increased by 16.9% year-over-year, from $1.86M to $2.17M.
What is the long-term trend for Columbia Financial, Inc.'s bank owned life insurance income?
Over 4 years (2021 to 2025), Columbia Financial, Inc.'s bank owned life insurance income has grown at a -6.0% compound annual growth rate (CAGR), from $10.48M to $8.19M.
What does bank owned life insurance income mean?
This represents the income or increase in the cash surrender value of life insurance policies held by the bank on the lives of its employees or executives. It serves as a tax-advantaged financial instrument used to offset the costs of employee benefit programs. This metric is monitored to understand the contribution of non-interest income sources to the bank's overall profitability.