Yahoo Finance Columbia Financial Full Year 2023 Earnings: EPS Misses Expectations
Columbia Financial (NASDAQ:CLBK) Full Year 2023 Results
Key Financial Results
Revenue: US$228.5m (down 22% from FY 2022).
Net income: US$36.1m (down 58% from FY 2022).
Profit margin: 16% (down from 30% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: US$0.35 (down from US$0.82 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Columbia Financial EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.4%.
Looking ahead, revenue is expected to decline by 4.9% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.6%.
Performance of the American Banks industry.
The company's shares are up 2.2% from a week ago.
Valuation
Following the latest earnings results, Columbia Financial may be overvalued based on 6 different valuation benchmarks we assess. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.
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