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哥伦比亚金融宣布重新定位资产负债表
2024-12-05 21:56
- Columbia Financial (NASDAQ:CLBK) the holding company for Columbia Bank has announced a repositioning of the Co.’s balance sheet.
- To improve future earnings and expand its net interest margin, the Co. sold ~$321M of available-for-sale debt securities with a weighted average book yield of 1.53% and average life of 3.6 years that were mostly purchased during the COVID period.
- Proceeds from the sale were used to fund loan growth of $85M, purchase $66M of higher yielding debt securities and prepay $170M of higher cost borrowings.
- The repositioning is immediately accretive to net interest income, and the sale and prepayment resulted in a pre-tax loss of ~$38M.
- The repositioning is expected to be neutral to tangible book value/share, as the unrealized loss with respect to the debt securities is already recognized in the Co.’s stockholders’ equity through accumulated other comprehensive loss.
More on Columbia Financial
- Seeking Alpha’s Quant Rating on Columbia Financial
- Historical earnings data for Columbia Financial
- Financial information for Columbia Financial
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