Columbia Financial Inc - Thomas Splaine Appointed Executive Vp And Cfo

Reuters

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Press Release: Columbia Financial, Inc. Announces Promotion Of Dennis E. Gibney To First Senior Executive Vice President And Chief Banking Officer

Reuters

Columbia Financial

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Columbia Financial, Inc. Announces Promotion Of Dennis E. Gibney To First Senior Executive Vice President And Chief Banking Officer

Reuters

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Columbia Financial, Inc. Announces Promotion of Dennis E. Gibney to First Senior Executive Vice President and Chief Banking Officer

GlobeNewswire

Columbia Financial

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Thomas Splaine Jr. Appointed as Executive Vice President and Chief Financial Officer

FAIR LAWN, N.J., Jan. 29, 2026 (GLOBE NEWSWIRE) -- Columbia Financial, Inc. (the “Company”) , the mid-tier holding company for Columbia Bank (“Bank”), today announced that, effective immediately, Dennis E. Gibney, Senior Executive Vice President and Chief Financial Officer of the Company and the Bank, has been promoted to First Senior Executive Vice President and Chief Banking Officer of the Company and the Bank. In connection with Mr. Gibney’s promotion, effective immediately, Thomas Splaine, Jr., First Senior Vice President and Chief Accounting Officer of the Company and the Bank, has been appointed Executive Vice President and Chief Financial Officer of the Company and the Bank.

In his new role, Mr. Gibney will partner closely with the President and Chief Executive Officer and executive management team in the overall administration of the Company and the Bank and help drive the development and execution of the Company’s strategies, policies, and financial performance. In addition to the oversight of finance, credit, and special assets, Mr. Gibney will now also oversee the Company’s legal, commercial banking, consumer banking and technology functions.

Mr. Gibney joined the Company and the Bank in 2014 as Executive Vice President and Chief Financial Officer and, in May 2025, he was appointed as Senior Executive Vice President and Chief Financial Officer. Prior to joining the Company and the Bank, Mr. Gibney had 17 years of prior banking experience and served as Principal at FinPro Capital Advisors, Inc., an investment banking and consulting firm specializing in the financial services industry. Mr. Gibney graduated Magna Cum Laude from Babson College with a triple major in Finance, Investments and Economics. He has also earned his Chartered Financial Analyst (CFA) designation. Mr. Gibney was recognized as a “2023 NJBIZ Leaders in Finance Awards” honoree.

“We are pleased to announce the promotion of Dennis to the position of First Senior Executive Vice President and Chief Banking Officer,” said Thomas J. Kemly, President and Chief Executive Officer. “As Chief Financial Officer, Dennis has provided significant leadership in guiding the Company and the Bank, including playing an instrumental role in the Company’s 2018 initial public offering. He has been a key leader in the Company’s growth strategy, including expanding the Company’s asset base from $5 billion to more than $10 billion and completing four acquisitions within a five-year period.”

As Executive Vice President and Chief Financial Officer of the Company and the Bank, Mr. Splaine will be responsible for the Company’s accounting and treasury departments. Mr. Splaine joined the Company and the Bank in 2025 as First Senior Vice President and Chief Accounting Officer. He has over 35 years of experience in banking, finance and accounting, mergers and acquisitions, investor and regulatory relations, and strategic planning. He previously served as Executive Vice President and Chief Financial Officer of Lakeland Bancorp, Inc. and Lakeland Bank and, prior to that, served as Senior Vice President and Chief Financial Officer of Investors Bancorp and Investors Bank. Prior to that time, Mr. Splaine was a Senior Audit Manager at KPMG LLP. Mr. Splaine holds a Master of Business Administration and a Bachelor of Science in Accounting from Rider University.

“We are also pleased to announce the appointment of Tom Splaine as Executive Vice President and Chief Financial Officer,” Mr. Kemly continued. “Tom has significant experience in banking, finance and accounting, which we believe will make him especially well-suited for this role.”

About Columbia Financial, Inc.

Columbia Financial, Inc. is a Delaware corporation organized as Columbia Bank’s mid-tier stock holding company. Columbia Financial, Inc. is a majority-owned subsidiary of Columbia Bank MHC. Columbia Bank is a federally chartered savings bank headquartered in Fair Lawn, New Jersey that operates 71 full-service banking offices and offers traditional financial services to consumers and businesses in its market area.

Forward-Looking Statements

Certain statements herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “believes,” “will,” “would,” “expects,” “projects,” “may,” “could,” “developments,” “strategic,” “launching,” “opportunities,” “anticipates,” “estimates,” “intends,” “plans,” “targets” and similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to, adverse conditions in the capital and debt markets and the impact of such conditions on the Company’s business activities; changes in interest rates, higher inflation and their impact on national and local economic conditions; changes in monetary and fiscal policies of the U.S. Treasury, the Board of Governors of the Federal Reserve System and other governmental entities; the impact of legal, judicial and regulatory proceedings or investigations, competitive pressures from other financial institutions; the effects of general economic conditions on a national basis or in the local markets in which the Company operates, including changes that adversely affect a borrowers’ ability to service and repay the Company’s loans; the effect of acts of terrorism, war or pandemics,, including on our credit quality and business operations, as well as its impact on general economic and financial market conditions; changes in the value of securities in the Company’s portfolio; changes in loan default and charge-off rates; fluctuations in real estate values; the adequacy of loan loss reserves; decreases in deposit levels necessitating increased borrowing to fund loans and securities; legislative changes and changes in government regulation; changes in accounting standards and practices; the risk that goodwill and intangibles recorded in the Company’s consolidated financial statements will become impaired; cyber-attacks, computer viruses and other technological risks that may breach the security of our systems and allow unauthorized access to confidential information; the inability of third party service providers to perform; demand for loans in the Company’s market area; the Company’s ability to attract and maintain deposits and effectively manage liquidity; risks related to the implementation of acquisitions, dispositions, and restructurings; the risk that the Company may not be successful in the implementation of its business strategy, or its integration of acquired financial institutions and businesses, and changes in assumptions used in making such forward-looking statements which are subject to numerous risks and uncertainties, including but not limited to, those set forth in Item 1A of the Company's Annual Report on Form 10-K and those set forth in the Company's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all as filed with the Securities and Exchange Commission (the “SEC”), which are available at the SEC’s website, www.sec.gov. Should one or more of these risks materialize or should underlying beliefs or assumptions prove incorrect, the Company's actual results could differ materially from those discussed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company disclaims any obligation to publicly update or revise any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes, except as required by law.

Columbia Financial, Inc.

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Dj Muncy Columbia Financial Corp Files 8K - Entry Into Definitive Agreement

Reuters

Columbia Financial

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Spotting Winners: Columbia Financial (NASDAQ:CLBK) And Thrifts & Mortgage Finance Stocks In Q3

Stock Story

AGNC Investment Corp. Common Stock

WaFd, Inc. Depositary Shares

-0.06%

Ellington Financial Inc. Common Stock

-3.89%

Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Columbia Financial and the best and worst performers in the thrifts & mortgage finance industry.

Thrifts & Mortgage Finance institutions operate by accepting deposits and extending loans primarily for residential mortgages, earning revenue through interest rate spreads (difference between lending rates and borrowing costs) and origination fees. The industry benefits from demographic tailwinds as millennials enter prime homebuying age, technological advancements streamlining the loan approval process, and potential interest rate stabilization improving affordability. However, significant headwinds include net interest margin compression during rate volatility, increased competition from fintech disruptors offering digital-first experiences, mounting regulatory compliance costs, and potential housing market corrections that could impact loan portfolios and default rates.

The 15 thrifts & mortgage finance stocks we track reported a satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 4.7% while next quarter’s revenue guidance was 0.7% above.

Thankfully, share prices of the companies have been resilient as they are up 5.6% on average since the latest earnings results.

Columbia Financial

Founded during the Roaring Twenties in 1926 and headquartered in Fair Lawn, New Jersey, Columbia Financial operates federally chartered savings banks in New Jersey that offer traditional banking services including loans, deposits, and insurance products.

Columbia Financial reported revenues of $64.91 million, up 29.4% year on year. This print exceeded analysts’ expectations by 15.5%. Overall, it was a very strong quarter for the company with an impressive beat of analysts’ revenue and EPS estimates.

Interestingly, the stock is up 15.9% since reporting and currently trades at $16.44.

Best Q3: Ellington Financial

Operating under the guidance of Ellington Management Group, a respected name in structured credit markets, Ellington Financial acquires and manages a diverse portfolio of mortgage-related, consumer-related, and other financial assets to generate returns for investors.

Ellington Financial reported revenues of $82.76 million, up 23.6% year on year, outperforming analysts’ expectations by 4.9%. The business had an exceptional quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ revenue estimates.

The market seems content with the results as the stock is up 2.7% since reporting. It currently trades at $14.05.

Weakest Q3: WaFd Bank

Founded in 1917 and rebranded from Washington Federal in 2023, WaFd is a bank holding company that provides lending, deposit services, and insurance through its Washington Federal Bank subsidiary across eight western states.

WaFd Bank reported revenues of $188.3 million, up 7.6% year on year, falling short of analysts’ expectations by 2.6%. It was a softer quarter as it posted a significant miss of analysts’ revenue estimates and a miss of analysts’ net interest income estimates.

As expected, the stock is down 3.3% since the results and currently trades at $32.61.

Read our full analysis of WaFd Bank’s results here.

Ladder Capital

Founded during the 2008 financial crisis when traditional lenders retreated from commercial real estate, Ladder Capital is a real estate investment trust that originates commercial real estate loans, owns commercial properties, and invests in real estate securities.

Ladder Capital reported revenues of $57.48 million, down 15.4% year on year. This number came in 0.7% below analysts' expectations. Zooming out, it was a mixed quarter as it also produced an impressive beat of analysts’ net interest income estimates but a significant miss of analysts’ tangible book value per share estimates.

The stock is up 1.7% since reporting and currently trades at $11.16.

Read our full, actionable report on Ladder Capital here, it’s free.

AGNC Investment

Born during the 2008 financial crisis when mortgage markets were in turmoil, AGNC Investment is a real estate investment trust that primarily invests in mortgage-backed securities guaranteed by U.S. government agencies or enterprises.

AGNC Investment reported revenues of $836 million, up 122% year on year. This result surpassed analysts’ expectations by 42.3%. Taking a step back, it was a slower quarter as it logged a significant miss of analysts’ net interest income estimates and a significant miss of analysts’ EPS estimates.

AGNC Investment delivered the biggest analyst estimates beat among its peers. The stock is up 15.9% since reporting and currently trades at $11.71.

Read our full, actionable report on AGNC Investment here, it’s free.

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Thrifts & Mortgage Finance Stocks Q3 Highlights: Walker & Dunlop (NYSE:WD)

Stock Story

WaFd, Inc. Depositary Shares

-0.06%

Ellington Financial Inc. Common Stock

-3.89%

Annaly Capital Management. Inc.

-4.13%

As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the thrifts & mortgage finance industry, including Walker & Dunlop and its peers.

The 14 thrifts & mortgage finance stocks we track reported a satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 5.6% while next quarter’s revenue guidance was 0.6% below.

In light of this news, share prices of the companies have held steady as they are up 3.6% on average since the latest earnings results.

Walker & Dunlop

Originating as a small mortgage banking firm during the Great Depression in 1937, Walker & Dunlop provides commercial real estate financing, property sales, appraisal, and investment management services with a focus on multifamily properties.

Walker & Dunlop reported revenues of $337.7 million, up 15.5% year on year. This print exceeded analysts’ expectations by 3.5%. Despite the top-line beat, it was still a slower quarter for the company with a significant miss of analysts’ net interest income estimates and a narrow beat of analysts’ EPS estimates.

The stock is down 20.1% since reporting and currently trades at $63.87.

Read our full report on Walker & Dunlop here, it’s free for active Edge members.

Best Q3: Ellington Financial

However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $13.73.

Is now the time to buy Ellington Financial? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: WaFd Bank

WaFd Bank reported revenues of $187.2 million, flat year on year, falling short of analysts’ expectations by 2%. It was a disappointing quarter as it posted a significant miss of analysts’ net interest income estimates and a significant miss of analysts’ EPS estimates.

Interestingly, the stock is up 15.4% since the results and currently trades at $32.13.

Read our full analysis of WaFd Bank’s results here.

Annaly Capital Management

Operating as a real estate investment trust since 1996 with a focus on generating income from interest rate spreads, Annaly Capital Management is a diversified capital manager that invests in agency mortgage-backed securities, residential mortgage loans, and mortgage servicing rights.

Annaly Capital Management reported revenues of $885.6 million, up 637% year on year. This result surpassed analysts’ expectations by 7.2%. More broadly, it was a mixed quarter as it also produced an impressive beat of analysts’ revenue estimates but a significant miss of analysts’ net interest income estimates.

Annaly Capital Management scored the fastest revenue growth among its peers. The stock is up 7.3% since reporting and currently trades at $22.85.

Read our full, actionable report on Annaly Capital Management here, it’s free for active Edge members.

Columbia Financial

Columbia Financial reported revenues of $64.91 million, up 29.4% year on year. This number beat analysts’ expectations by 15.5%. It was a very strong quarter as it also recorded an impressive beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.

The stock is up 18.3% since reporting and currently trades at $16.77.

Read our full, actionable report on Columbia Financial here, it’s free for active Edge members.

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