Monitor for final regulatory approvals and closing of the conversion and merger, which will create a fully public company with a larger capital base. The underwritten offering price ($10.00) provides a floor for the stock, but massive dilution and integration risks remain.
Price Chart
Executive Summary
Columbia Financial announced stockholder and depositor approval of its second-step conversion and simultaneous acquisition of Northfield Bancorp, with the subscription offering raising approximately $1.1 billion. A firm commitment underwritten offering at $10.00 per share is expected to commence the week of July 6, 2026. Completion remains subject to regulatory approvals and sale of at least 142,375,000 shares.
Key Facts
- Stockholders approved the Plan of Conversion and Reorganization and the acquisition of Northfield Bancorp on June 25, 2026.
- Depositors of Columbia Bank MHC approved the Conversion on June 29, 2026.
- Subscription offering received approximately $1.1 billion, excluding the ESOP.
- Firm commitment underwritten offering at $10.00 per share expected to begin the week of July 6, 2026.
- Conversion requires sale of at least 142,375,000 shares and final regulatory approvals.
Financial Impact
Approximately $1.1 billion raised in subscription offering; underwritten offering at $10.00 per share with minimum total shares 142,375,000.
Risk Factors
- Failure to obtain final regulatory approvals or sell minimum shares could scuttle the deal.
- Significant dilution from issuing over 142 million new shares.
- Integration risk with Northfield Bancorp may delay expected synergies.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001723596-26-000031 |
| Exhibit: exhibit9912ndstepconversio.htm | 0001723596-26-000031 |
| Document: 0001723596-26-000031-index-headers.html | 0001723596-26-000031 |
| Document: 0001723596-26-000031-index.html | 0001723596-26-000031 |
| Document: 0001723596-26-000031.txt | 0001723596-26-000031 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G | $10.89 | awaiting T+20 | — | $10.85 (−0.37%) |
Sep 22, 2026 5w ago | Institutional Cluster | $11.38 $10.65 | ▼ −6.41% | ▼ −5.85% | $10.85 (−4.66%) |
Jul 22, 2026 13w ago | Insider Cluster | $11.01 $11.78 | ▲ +6.99% | ▲ +3.69% | $10.85 (−1.45%) |
Jul 22, 2026 13w ago | Insider Cluster | $11.01 $11.78 | ▲ +6.99% | ▲ +3.69% | $10.85 (−1.45%) |
Jul 20, 2026 14w ago | Press Release | $11.08 $11.82 | ▲ +6.68% | ▲ +4.12% | $10.85 (−2.08%) |
Jul 16, 2026 14w ago | Press Release | $23.42 $25.94 | ▲ +10.75% | ▲ +6.30% | $10.85 (−53.67%) |
Jul 2, 2026 16w ago | 8-K | $21.17 $23.78 | ▲ +12.34% | ▲ +12.04% | $10.85 (−48.75%) |
Jul 1, 2026 16w ago | Press Release | $21.17 $23.78 | ▲ +12.34% | ▲ +12.04% | $10.85 (−48.75%) |
Jun 11, 2026 19w ago | Press Release | $20.70 $21.38 | ▲ +3.29% | ▲ +1.93% | $10.85 (−47.58%) |
May 21, 2026 22w ago | DEFM14A | $9.25 $9.01 | ▼ −2.65% | ▼ −1.29% | $10.85 (+17.24%) |
US Market Status
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