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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%
First Commonwealth Financial logo
First Commonwealth FinancialFCF
$1.8M+19.6%
Columbia Banking Systems logo
Columbia Banking SystemsCOLB
$9M+80.0%
First Bancorp logo
First BancorpFBNC
$1.34M+9.1%
Trico Bancshares logo
Trico BancsharesTCBK
$816K-0.5%
Community Financial System logo
Community Financial SystemCBU

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?
Represents the income or increase in cash surrender value derived from life insurance policies held by the bank on the lives of its employees or executives. This is a non-interest income stream that provides tax-advantaged returns to the institution. It is often used as a tool to offset the costs of employee benefit programs.