Columbia Banking System (COLB) Financials

$26.41 +0.48 (+1.85%)

Closing price 10/3/2025 04:00 PM Eastern

Extended Trading

$26.50 +0.09 (+0.32%)

As of 10/3/2025 07:54 PM Eastern

Annual Income Statements for Columbia Banking System

This table shows Columbia Banking System's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	99	105	113	173	194	154	420	337	349	534
Consolidated Net Income / (Loss)	99	105	113	173	194	154	420	337	349	534
Net Income / (Loss) Continuing Operations	99	105	113	173	194	154	420	337	349	534
Total Pre-Tax Income	142	150	178	212	242	192	558	451	471	719
Total Revenue	416	422	478	567	591	605	1,276	1,270	1,997	1,929
Net Interest Income / (Expense)	325	334	368	479	493	500	920	1,070	1,793	1,718
Total Interest Income	329	338	375	497	530	518	962	1,148	2,539	2,755
Loans and Leases Interest Income	286	291	324	428	448	426	891	1,050	2,114	2,320
Investment Securities Interest Income	43	46	50	68	81	91	68	78	314	345
Other Interest Income	-	-	-	-	-	-	3.86	20	112	90
Total Interest Expense	4.00	4.35	6.76	18	37	18	42	78	746	1,037
Deposits Interest Expense	2.98	3.13	4.80	12	22	9.37	27	48	462	803
Long-Term Debt Interest Expense	0.47	0.67	1.38	5.62	14	8.14	15	29	281	229
Federal Funds Purchased and Securities Sold Interest Expense	-	-	-	-	-	-	0.28	1.00	3.92	4.87
Total Non-Interest Income	91	88	110	88	97	105	356	200	204	211
Other Service Charges	43	30	37	39	47	44	64	-1.01	31	23
Net Realized & Unrealized Capital Gains on Investments	-2.43	-1.40	14	-0.09	2.13	17	14	-0.40	6.73	-3.22
Other Non-Interest Income	38	48	48	38	35	31	278	201	167	192
Provision for Credit Losses	8.59	11	8.63	15	3.49	78	-43	84	213	106
Total Non-Interest Expense	266	261	291	340	345	335	760	735	1,313	1,105
Salaries and Employee Benefits	149	150	170	200	213	210	481	441	616	589
Net Occupancy & Equipment Expense	52	50	51	20	62	65	138	138	183	182
Marketing Expense	4.71	4.60	4.47	5.58	4.93	4.47	7.38	6.54	11	11
Property & Liability Insurance Claims	4.81	3.78	3.18	3.71	1.92	2.96	9.24	14	71	42
Other Operating Expenses	48	46	57	99	53	43	106	113	147	138
Amortization Expense	6.88	5.95	6.33	12	10	8.72	4.52	4.10	111	119
Restructuring Charge	-	-	-	-	-	-	15	17	172	24
Income Tax Expense	43	45	65	39	47	38	138	114	122	185
Basic Earnings per Share	$1.71	$1.81	$1.86	$2.36	$2.68	$2.17	$3.22	$2.60	$1.79	$2.56
Weighted Average Basic Shares Outstanding	57.02M	57.18M	59.88M	72.39M	72.00M	70.84M	130.50M	129.28M	195.30M	208.46M
Diluted Earnings per Share	$1.71	$1.81	$1.86	$2.36	$2.68	$2.17	$3.21	$2.60	$1.78	$2.55
Weighted Average Diluted Shares Outstanding	57.03M	57.19M	59.89M	72.39M	72.03M	70.88M	131.03M	129.73M	195.87M	209.34M
Weighted Average Basic & Diluted Shares Outstanding	57.80M	57.90M	60.70M	73.30M	72.15M	71.63M	78.54M	78.68M	208.63M	209.65M
Cash Dividends to Common per Share	$1.34	$1.53	$0.88	$1.14	$1.40	$1.34	$1.14	$1.40	$1.43	$1.44

This table shows Columbia Banking System's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	84	83	-14	133	136	94	124	120	146	143	87
Consolidated Net Income / (Loss)	84	83	-14	133	136	94	124	120	146	143	87
Net Income / (Loss) Continuing Operations	84	83	-14	133	136	94	124	120	146	143	87
Total Pre-Tax Income	112	112	-19	179	184	127	169	161	196	192	124
Total Revenue	317	340	429	524	525	519	474	472	496	487	491
Net Interest Income / (Expense)	288	305	375	484	481	454	423	427	430	437	425
Total Interest Income	304	352	476	676	696	692	684	696	699	677	647
Loans and Leases Interest Income	279	322	414	553	570	578	575	584	589	573	553
Investment Securities Interest Income	20	20	44	88	92	90	86	89	86	85	78
Other Interest Income	5.12	10	19	35	34	24	24	23	25	19	16
Total Interest Expense	16	47	101	192	215	238	261	268	269	239	222
Deposits Interest Expense	9.09	31	64	100	127	171	198	207	208	189	177
Long-Term Debt Interest Expense	6.29	15	37	90	87	66	61	59	60	49	45
Federal Funds Purchased and Securities Sold Interest Expense	0.55	0.32	0.41	1.07	1.22	1.23	1.27	1.52	1.12	0.97	0.97
Total Non-Interest Income	29	35	55	40	44	66	50	45	66	50	66
Other Service Charges	-11	-49	14	3.81	-5.12	18	8.71	-3.24	14	2.88	6.28
Net Realized & Unrealized Capital Gains on Investments	-1.12	1.82	3.36	-0.26	-0.18	3.81	-1.33	-1.19	2.44	-3.13	8.82
Other Non-Interest Income	41	82	38	36	49	43	43	49	50	50	51
Provision for Credit Losses	28	33	106	16	37	55	17	32	29	28	27
Total Non-Interest Expense	178	195	343	329	304	337	288	279	271	267	340
Salaries and Employee Benefits	109	108	136	163	159	158	155	145	147	142	145
Net Occupancy & Equipment Expense	35	34	42	51	43	48	45	45	45	47	48
Marketing Expense	1.51	0.99	1.06	1.94	2.89	5.52	1.94	2.31	3.08	3.72	3.40
Property & Liability Insurance Claims	3.01	3.49	6.11	12	11	43	14	9.66	9.33	8.12	8.02
Other Operating Expenses	27	36	29	36	39	43	35	33	35	35	93
Amortization Expense	1.03	1.02	13	36	30	33	32	29	29	29	28
Restructuring Charge	0.77	12	116	30	19	7.17	4.48	15	2.36	2.23	14
Income Tax Expense	27	29	-4.89	46	48	34	45	41	50	49	37
Basic Earnings per Share	$0.65	$0.63	($0.09)	$0.64	$0.65	$0.59	$0.60	$0.58	$0.70	$0.68	$0.41
Weighted Average Basic Shares Outstanding	129.32M	129.28M	156.38M	207.98M	208.07M	195.30M	208.26M	208.50M	208.55M	208.46M	208.80M
Diluted Earnings per Share	$0.65	$0.64	($0.09)	$0.64	$0.65	$0.58	$0.59	$0.57	$0.70	$0.69	$0.41
Weighted Average Diluted Shares Outstanding	129.73M	129.73M	156.38M	208.55M	208.65M	195.87M	208.96M	209.01M	209.45M	209.34M	210.02M
Weighted Average Basic & Diluted Shares Outstanding	78.65M	78.68M	208.46M	208.57M	208.58M	208.63M	209.38M	209.48M	209.53M	209.65M	210.20M

This table details how cash moves in and out of Columbia Banking System's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-13	49	118	-65	-30	406	188	-1,467	868	-284
Net Cash From Operating Activities	135	146	129	237	205	192	663	1,065	670	659
Net Cash From Continuing Operating Activities	135	146	129	237	205	192	663	1,065	670	659
Net Income / (Loss) Continuing Operations	99	105	113	173	194	154	420	337	349	534
Consolidated Net Income / (Loss)	99	105	113	173	194	154	420	337	349	534
Provision For Loan Losses	8.59	11	8.63	15	3.49	78	-43	84	213	106
Depreciation Expense	30	35	31	33	34	15	31	28	144	150
Amortization Expense	-	-	-	-	-	-	14	6.60	-68	-78
Non-Cash Adjustments to Reconcile Net Income	3.90	5.12	15	7.45	-17	-29	74	199	150	-12
Changes in Operating Assets and Liabilities, net	-6.88	-9.46	-39	9.13	-10	-25	165	410	-119	-40
Net Cash From Investing Activities	-423	-549	-199	-506	-865	-1,919	-1,534	-3,533	502	115
Net Cash From Continuing Investing Activities	-423	-549	-199	-506	-865	-1,919	-1,534	-3,533	502	115
Purchase of Property, Leasehold Improvements and Equipment	-7.58	-4.52	-6.50	-11	-8.45	-8.72	-15	-27	41	-36
Purchase of Investment Securities	-869	-1,032	-722	-1,210	-1,820	-2,841	-2,572	-4,200	-2,579	-730
Sale and/or Maturity of Investments	450	488	453	699	954	928	1,054	694	3,041	880
Net Cash From Financing Activities	275	452	189	204	631	2,133	1,060	1,001	-304	-1,058
Net Cash From Continuing Financing Activities	275	452	189	204	631	2,133	1,060	1,001	-304	-1,058
Net Change in Deposits	514	621	354	-74	227	3,185	1,973	471	-651	114
Issuance of Debt	1,703	1,392	2,301	4,941	6,881	1,562	0.00	1,650	17,350	4,900
Issuance of Common Equity	-	-	-	-	-	-	0.03	0.05	1.19	0.00
Repayment of Debt	-1,859	-1,454	-2,403	-4,586	-6,327	-2,508	-765	-750	-16,587	-5,750
Repurchase of Common Equity	-0.91	-1.13	-7.35	0.00	-51	-20	-81	-4.16	-6.28	-5.72
Payment of Dividends	-77	-89	-51	-83	-102	-96	-184	-182	-270	-300
Other Financing Activities, Net	-4.12	-17	-3.70	6.22	2.58	8.93	117	-183	-141	-15
Cash Interest Paid	4.15	4.44	6.63	18	36	19	43	71	693	1,078
Cash Income Taxes Paid	31	33	59	24	47	43	105	72	139	101

This table details how cash moves in and out of Columbia Banking System's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	551	-259	2,341	-228	-1,004	-241	39	-132	42	-233	194
Net Cash From Operating Activities	324	160	-39	266	350	92	186	150	67	256	122
Net Cash From Continuing Operating Activities	324	160	-39	266	350	92	186	150	67	256	122
Net Income / (Loss) Continuing Operations	84	83	-14	133	136	94	124	120	146	143	87
Consolidated Net Income / (Loss)	84	83	-14	133	136	94	124	120	146	143	87
Provision For Loan Losses	28	33	106	16	37	55	17	32	29	28	27
Depreciation Expense	6.88	6.75	19	44	39	42	40	37	37	36	35
Amortization Expense	1.32	1.51	-7.67	-19	-21	-20	-18	-22	-20	-19	-14
Non-Cash Adjustments to Reconcile Net Income	55	93	30	-12	90	42	-18	-10	-4.74	22	-3.22
Changes in Operating Assets and Liabilities, net	150	-56	-171	104	69	-120	40	-6.56	-120	46	-10
Net Cash From Investing Activities	-1,018	-698	461	8.50	232	-200	-78	-8.14	323	-122	250
Net Cash From Continuing Investing Activities	-1,018	-698	461	8.50	232	-200	-78	-8.14	323	-122	250
Purchase of Investment Securities	-1,280	-797	-1,167	-554	-154	-704	-277	-299	179	-334	4.29
Sale and/or Maturity of Investments	269	115	1,631	563	339	507	205	297	151	228	246
Net Cash From Financing Activities	1,245	278	1,918	-503	-1,586	-134	-69	-274	-348	-366	-178
Net Cash From Continuing Financing Activities	1,245	278	1,918	-503	-1,586	-134	-69	-274	-348	-366	-178
Net Change in Deposits	685	249	-673	-751	790	-17	99	-183	-8.58	206	497
Issuance of Debt	750	900	5,945	3,905	2,250	5,250	3,900	-	-	1,000	2,050
Issuance of Common Equity	-	-	-	-	-	-	-	-	-	-	1.38
Repayment of Debt	-	-750	-3,182	-3,605	-4,515	-5,285	-3,950	-	-250	-1,550	-2,600
Repurchase of Common Equity	-0.04	-0.01	-5.22	-0.74	-0.15	-0.18	-4.85	-0.77	-0.02	-0.08	-6.74
Payment of Dividends	-46	-46	-46	-75	-75	-75	-75	-75	-75	-75	-75
Other Financing Activities, Net	-144	-75	-122	24	-37	-6.26	-39	-16	-14	53	-44
Cash Interest Paid	16	38	84	145	228	236	279	247	265	288	221
Cash Income Taxes Paid	13	28	11	67	1.70	59	0.57	52	14	35	1.32

This table presents Columbia Banking System's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	-	9,510	-	13,095	14,080	16,585	20,945	31,849	52,174	51,576
Cash and Due from Banks	-	193	-	260	224	219	978	327	498	497
Interest Bearing Deposits at Other Banks	-	31	-	17	24	435	671	967	1,664	1,382
Trading Account Securities	-	2,284	-	3,171	3,764	5,250	5,921	3,270	8,863	8,348
Loans and Leases, Net of Allowance	-	6,143	-	8,308	8,659	9,279	10,486	25,855	37,001	37,256
Loans and Leases	-	6,213	-	8,392	8,743	9,428	10,642	26,156	37,442	37,681
Allowance for Loan and Lease Losses	-	70	-	83	84	149	156	301	441	425
Premises and Equipment, Net	-	150	-	169	165	162	172	176	339	349
Goodwill	-	383	-	766	766	766	823	0.00	1,029	1,029
Intangible Assets	-	18	-	46	35	27	35	4.75	604	484
Other Assets	-	307	-	358	442	448	2,670	1,248	2,175	2,231
Total Liabilities & Shareholders' Equity	-	9,510	-	13,095	14,080	16,585	20,945	31,849	52,174	51,576
Total Liabilities	-	8,259	-	11,061	11,920	14,237	9,176	29,369	47,179	46,458
Non-Interest Bearing Deposits	-	3,944	-	5,227	5,328	6,913	8,857	10,289	14,256	13,308
Interest Bearing Deposits	-	4,115	-	5,231	5,357	6,957	-	16,777	27,351	28,413
Short-Term Debt	-	81	-	61	64	74	86	309	252	237
Long-Term Debt	-	6.49	-	435	989	43	-	1,230	4,374	3,539
Other Long-Term Liabilities	-	112	-	107	182	251	233	677	945	962
Commitments & Contingencies	-	0.00	-	-	-	-	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-	1,251	-	2,034	2,160	2,348	2,589	2,480	4,995	5,118
Total Preferred & Common Equity	-	1,251	-	2,034	2,160	2,348	2,589	2,480	4,995	5,118
Preferred Stock	-	2.22	-	-	-	-	-	0.00	0.00	0.00
Total Common Equity	-	1,249	-	2,034	2,160	2,348	2,589	2,480	4,995	5,118
Common Stock	-	996	-	1,642	1,651	1,661	1,930	3,450	5,803	5,817
Retained Earnings	-	272	-	427	520	575	694	-544	-468	-237
Accumulated Other Comprehensive Income / (Loss)	-	-19	-	-35	40	182	35	-427	-340	-462

This table presents Columbia Banking System's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	20,405	53,994	53,592	51,994	52,224	52,047	51,909	51,519
Cash and Due from Banks	264	556	539	492	440	515	591	591
Interest Bearing Deposits at Other Banks	54	3,079	2,869	1,911	1,761	1,554	1,520	1,481
Trading Account Securities	6,795	9,301	9,184	8,567	8,666	8,562	8,746	8,296
Loans and Leases, Net of Allowance	11,537	36,674	36,645	36,754	37,228	37,291	37,083	37,195
Loans and Leases	11,692	37,091	37,049	37,171	37,642	37,710	37,503	37,616
Allowance for Loan and Lease Losses	155	417	405	417	414	419	420	421
Premises and Equipment, Net	162	375	369	338	337	338	338	345
Goodwill	823	1,030	1,029	1,029	1,029	1,029	1,029	1,029
Intangible Assets	28	702	667	637	572	542	513	456
Other Assets	743	2,276	2,215	2,265	2,191	2,216	2,088	2,126
Total Liabilities & Shareholders' Equity	20,405	53,994	53,592	51,994	52,224	52,047	51,909	51,519
Total Liabilities	18,290	49,110	48,764	47,362	47,267	47,071	46,635	46,281
Non-Interest Bearing Deposits	8,911	17,216	16,019	15,533	13,809	13,482	13,534	13,414
Interest Bearing Deposits	9,030	24,371	24,816	26,091	27,898	28,042	27,981	28,804
Short-Term Debt	49	271	295	258	214	198	184	2,742
Long-Term Debt	35	6,356	6,563	4,424	4,317	4,318	4,070	428
Other Long-Term Liabilities	265	896	963	1,054	1,030	1,032	867	893
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,115	4,885	4,828	4,632	4,957	4,977	5,274	5,238
Total Preferred & Common Equity	2,115	4,885	4,828	4,632	4,957	4,977	5,274	5,238
Preferred Stock	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,115	4,885	4,828	4,632	4,957	4,977	5,274	5,238
Common Stock	1,940	5,789	5,793	5,798	5,802	5,807	5,812	5,823
Retained Earnings	805	-604	-546	-486	-419	-375	-305	-227
Accumulated Other Comprehensive Income / (Loss)	-559	-300	-419	-680	-426	-456	-234	-358

This table displays calculated financial ratios and metrics derived from Columbia Banking System's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.45%	1.28%	13.26%	18.73%	4.14%	2.37%	111.04%	-0.50%	57.31%	-3.39%
EBITDA Growth	5.97%	7.21%	13.43%	17.09%	12.67%	-24.85%	191.42%	-19.63%	12.83%	44.25%
EBIT Growth	20.24%	5.76%	18.83%	19.02%	14.06%	-20.37%	190.12%	-19.27%	4.58%	52.54%
NOPAT Growth	21.15%	6.11%	7.59%	53.23%	12.48%	-20.68%	172.49%	-19.88%	3.55%	53.04%
Net Income Growth	21.15%	6.11%	7.59%	53.23%	12.48%	-20.68%	172.49%	-19.88%	3.55%	53.04%
EPS Growth	12.50%	5.85%	2.76%	26.88%	13.56%	-19.03%	47.93%	-19.00%	-31.54%	43.26%
Operating Cash Flow Growth	-2.08%	8.23%	-11.88%	84.56%	-13.68%	-6.08%	244.64%	60.71%	-37.11%	-1.64%
Free Cash Flow Firm Growth	-91.74%	-1,348.10%	217.65%	-262.41%	79.25%	284.76%	-1,093.07%	191.11%	-164.28%	124.01%
Invested Capital Growth	0.00%	0.00%	-100.00%	0.00%	27.02%	-23.32%	381.17%	-66.11%	139.44%	-7.57%
Revenue Q/Q Growth	3.12%	0.36%	4.77%	2.62%	0.40%	1.35%	110.37%	-27.59%	9.83%	-1.63%
EBITDA Q/Q Growth	-2.73%	2.23%	0.33%	5.23%	1.27%	4.76%	110.21%	-34.17%	5.49%	8.26%
EBIT Q/Q Growth	6.99%	3.95%	-1.21%	7.42%	1.07%	9.72%	102.57%	-35.25%	3.21%	9.99%
NOPAT Q/Q Growth	8.59%	3.94%	-11.73%	20.17%	0.72%	8.57%	92.61%	-34.51%	3.13%	10.28%
Net Income Q/Q Growth	8.59%	3.94%	-11.73%	20.17%	0.72%	8.57%	92.61%	-34.51%	3.13%	10.28%
EPS Q/Q Growth	7.55%	4.02%	-15.45%	21.65%	1.13%	9.05%	4.90%	-11.26%	-3.26%	4.51%
Operating Cash Flow Q/Q Growth	-10.93%	-4.28%	0.57%	19.00%	-7.26%	-0.73%	178.89%	-22.73%	-9.22%	33.00%
Free Cash Flow Firm Q/Q Growth	8.59%	-183.35%	303.87%	-255.09%	80.60%	86.49%	-4,974.70%	1,033.71%	22.48%	364.40%
Invested Capital Q/Q Growth	0.00%	149.60%	-100.00%	0.00%	18.40%	3.90%	392.83%	82.75%	3.29%	-6.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	41.29%	43.71%	43.78%	43.17%	46.70%	34.28%	47.34%	38.24%	27.43%	40.95%
EBIT Margin	34.01%	35.52%	37.26%	37.35%	40.91%	31.82%	43.74%	35.49%	23.59%	37.25%
Profit (Net Income) Margin	23.74%	24.87%	23.62%	30.49%	32.93%	25.51%	32.94%	26.53%	17.46%	27.66%
Tax Burden Percent	69.78%	70.01%	63.39%	81.61%	80.48%	80.17%	75.30%	74.74%	74.01%	74.25%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	30.22%	29.99%	36.61%	18.39%	19.52%	19.83%	24.70%	25.26%	25.99%	25.75%
Return on Invested Capital (ROIC)	0.00%	15.67%	16.86%	13.67%	6.77%	5.43%	5.87%	4.24%	5.11%	5.76%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	15.67%	16.86%	13.67%	6.77%	5.43%	5.87%	4.24%	5.11%	5.76%
Return on Net Nonoperating Assets (RNNOA)	0.00%	1.09%	1.18%	3.33%	2.50%	1.41%	11.16%	9.05%	4.22%	4.79%
Return on Equity (ROE)	0.00%	16.77%	18.04%	17.00%	9.27%	6.84%	17.03%	13.29%	9.33%	10.55%
Cash Return on Invested Capital (CROIC)	0.00%	-184.33%	216.86%	-186.33%	-17.03%	31.83%	-125.30%	102.99%	-77.04%	13.63%
Operating Return on Assets (OROA)	0.00%	3.15%	3.74%	3.24%	1.78%	1.25%	2.97%	1.71%	1.12%	1.39%
Return on Assets (ROA)	0.00%	2.21%	2.37%	2.64%	1.43%	1.01%	2.24%	1.28%	0.83%	1.03%
Return on Common Equity (ROCE)	0.00%	16.74%	18.01%	17.00%	9.27%	6.84%	17.03%	13.29%	9.33%	10.55%
Return on Equity Simple (ROE_SIMPLE)	0.00%	8.38%	0.00%	8.50%	9.00%	6.57%	16.24%	13.58%	6.98%	10.43%
Net Operating Profit after Tax (NOPAT)	99	105	113	173	194	154	420	337	349	534
NOPAT Margin	23.74%	24.87%	23.62%	30.49%	32.93%	25.51%	32.94%	26.53%	17.46%	27.66%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	49.56%	48.64%	47.06%	39.86%	47.42%	46.25%	49.04%	46.18%	40.61%	40.54%
Operating Expenses to Revenue	63.92%	61.93%	60.93%	60.04%	58.50%	55.33%	59.60%	57.89%	65.73%	57.26%
Earnings before Interest and Taxes (EBIT)	142	150	178	212	242	192	558	451	471	719
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	172	184	209	245	276	207	604	485	548	790
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.51	0.00	1.00	1.08	0.91	0.85	0.84	1.04	1.11
Price to Tangible Book Value (P/TBV)	0.00	2.23	0.00	1.67	1.72	1.38	1.27	0.84	1.55	1.57
Price to Revenue (P/Rev)	3.12	4.49	3.96	3.60	3.96	3.54	1.73	1.64	2.61	2.93
Price to Earnings (P/E)	13.16	18.04	16.75	11.79	12.02	13.89	5.24	6.20	14.95	10.60
Dividend Yield	2.84%	2.36%	3.30%	3.59%	3.46%	3.74%	5.06%	4.52%	5.52%	5.33%
Earnings Yield	7.60%	5.54%	5.97%	8.48%	8.32%	7.20%	19.08%	16.13%	6.69%	9.43%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.31	0.00	0.89	0.98	0.65	0.05	0.58	0.80	0.85
Enterprise Value to Revenue (EV/Rev)	3.12	4.17	3.96	3.98	5.32	2.65	0.50	1.84	3.84	3.92
Enterprise Value to EBITDA (EV/EBITDA)	7.57	9.53	9.04	9.22	11.39	7.74	1.06	4.80	14.02	9.56
Enterprise Value to EBIT (EV/EBIT)	9.19	11.73	10.62	10.66	13.01	8.34	1.15	5.18	16.29	10.51
Enterprise Value to NOPAT (EV/NOPAT)	13.16	16.75	16.75	13.06	16.16	10.41	1.52	6.93	22.02	14.16
Enterprise Value to Operating Cash Flow (EV/OCF)	9.65	12.05	14.70	9.52	15.35	8.35	0.96	2.19	11.46	11.47
Enterprise Value to Free Cash Flow (EV/FCFF)	13.16	0.00	1.30	0.00	0.00	1.78	0.00	0.29	0.00	5.99
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.07	0.00	0.24	0.49	0.05	0.03	0.62	0.93	0.74
Long-Term Debt to Equity	0.00	0.01	0.00	0.21	0.46	0.02	0.00	0.50	0.88	0.69
Financial Leverage	0.00	0.07	0.07	0.24	0.37	0.26	1.90	2.13	0.82	0.83
Leverage Ratio	0.00	7.60	7.60	6.44	6.48	6.80	7.60	10.42	11.24	10.26
Compound Leverage Factor	0.00	7.60	7.60	6.44	6.48	6.80	7.60	10.42	11.24	10.26
Debt to Total Capital	0.00%	6.52%	0.00%	19.61%	32.78%	4.72%	3.22%	38.29%	48.08%	42.45%
Short-Term Debt to Total Capital	0.00%	6.04%	0.00%	2.42%	2.01%	3.00%	3.22%	7.68%	2.62%	2.66%
Long-Term Debt to Total Capital	0.00%	0.49%	0.00%	17.19%	30.77%	1.73%	0.00%	30.60%	45.46%	39.79%
Preferred Equity to Total Capital	0.00%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	93.31%	0.00%	80.39%	67.22%	95.28%	96.78%	61.71%	51.92%	57.55%
Debt to EBITDA	0.00	0.47	0.00	2.03	3.82	0.56	0.14	3.17	8.45	4.78
Net Debt to EBITDA	0.00	-0.74	0.00	0.89	2.92	-2.59	-2.59	0.50	4.50	2.40
Long-Term Debt to EBITDA	0.00	0.04	0.00	1.78	3.58	0.21	0.00	2.53	7.99	4.48
Debt to NOPAT	0.00	0.83	0.00	2.87	5.42	0.75	0.20	4.57	13.27	7.07
Net Debt to NOPAT	0.00	-1.31	0.00	1.26	4.14	-3.48	-3.72	0.72	7.07	3.55
Long-Term Debt to NOPAT	0.00	0.06	0.00	2.52	5.08	0.28	0.00	3.65	12.54	6.63
Noncontrolling Interest Sharing Ratio	0.00%	0.18%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	99	-1,233	1,451	-2,357	-489	903	-8,972	8,174	-5,254	1,262
Operating Cash Flow to CapEx	1,777.55%	3,226.70%	1,978.83%	0.00%	0.00%	3,331.46%	4,281.71%	3,932.03%	0.00%	1,847.37%
Free Cash Flow to Firm to Interest Expense	24.68	-283.55	214.76	-129.28	-13.38	51.05	-211.61	104.80	-7.04	1.22
Operating Cash Flow to Interest Expense	33.66	33.53	19.02	13.01	5.60	10.87	15.63	13.65	0.90	0.64
Operating Cash Flow Less CapEx to Interest Expense	31.76	32.49	18.06	13.27	5.61	10.54	15.27	13.31	0.95	0.60
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.09	0.10	0.09	0.04	0.04	0.07	0.05	0.05	0.04
Fixed Asset Turnover	0.00	0.00	0.00	0.00	3.53	3.69	7.64	7.29	7.76	5.61
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	1,338	0.00	2,530	3,213	2,464	11,856	4,018	9,621	8,893
Invested Capital Turnover	0.00	0.63	0.71	0.45	0.21	0.21	0.18	0.16	0.29	0.21
Increase / (Decrease) in Invested Capital	0.00	1,338	-1,338	2,530	683	-749	9,392	-7,837	5,603	-728
Enterprise Value (EV)	1,301	1,757	1,890	2,257	3,142	1,605	639	2,332	7,678	7,556
Market Capitalization	1,301	1,891	1,890	2,039	2,337	2,142	2,203	2,088	5,214	5,659
Book Value per Share	$0.00	$21.52	$0.00	$27.76	$29.94	$32.79	$32.97	$31.53	$23.95	$24.43
Tangible Book Value per Share	$0.00	$14.62	$0.00	$16.68	$18.83	$21.72	$22.04	$31.47	$16.12	$17.20
Total Capital	0.00	1,338	0.00	2,530	3,213	2,464	2,675	4,018	9,621	8,893
Total Debt	0.00	87	0.00	496	1,053	116	86	1,539	4,626	3,775
Total Long-Term Debt	0.00	6.49	0.00	435	989	43	0.00	1,230	4,374	3,539
Net Debt	0.00	-137	0.00	218	806	-537	-1,563	244	2,464	1,897
Capital Expenditures (CapEx)	7.58	4.52	6.50	-4.70	-0.19	5.77	15	27	-41	36
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	0.00	87	0.00	496	1,053	116	9,267	1,539	4,626	3,775
Total Depreciation and Amortization (D&A)	30	35	31	33	34	15	46	35	77	71
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.71	$1.81	$1.86	$2.36	$2.68	$2.17	$2.79	$3.20	$1.79	$2.56
Adjusted Weighted Average Basic Shares Outstanding	57.02M	57.18M	59.88M	72.39M	72.00M	70.84M	72.68M	78.05M	195.30M	208.46M
Adjusted Diluted Earnings per Share	$1.71	$1.81	$1.86	$2.36	$2.68	$2.17	$2.78	$3.20	$1.78	$2.55
Adjusted Weighted Average Diluted Shares Outstanding	57.03M	57.19M	59.89M	72.39M	72.03M	70.88M	72.87M	78.19M	195.87M	209.34M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.68	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	57.74M	58.17M	73.04M	73.27M	72.15M	71.63M	78.54M	78.68M	208.63M	209.65M
Normalized Net Operating Profit after Tax (NOPAT)	99	105	113	173	194	154	432	350	476	551
Normalized NOPAT Margin	23.74%	24.87%	23.62%	30.49%	32.93%	25.51%	33.84%	27.55%	23.82%	28.57%
Pre Tax Income Margin	34.01%	35.52%	37.26%	37.35%	40.91%	31.82%	43.74%	35.49%	23.59%	37.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	35.37	34.43	26.34	11.62	6.61	10.87	13.17	5.78	0.63	0.69
NOPAT to Interest Expense	24.68	24.11	16.70	9.48	5.32	8.72	9.91	4.32	0.47	0.51
EBIT Less CapEx to Interest Expense	33.48	33.39	25.38	11.88	6.62	10.54	12.80	5.43	0.69	0.66
NOPAT Less CapEx to Interest Expense	22.79	23.07	15.74	9.74	5.33	8.39	9.55	3.97	0.52	0.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	78.32%	84.71%	45.47%	48.26%	52.41%	61.92%	43.72%	54.13%	77.50%	56.26%
Augmented Payout Ratio	79.24%	85.78%	51.98%	48.26%	78.55%	74.89%	62.91%	55.36%	79.30%	57.33%

This table displays calculated financial ratios and metrics derived from Columbia Banking System's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	102.59%	-58.70%	39.10%	72.59%	65.54%	52.53%	10.31%	-9.83%	-5.43%	-6.17%	3.73%
EBITDA Growth	69.04%	-68.06%	-105.80%	77.47%	68.95%	23.61%	2,634.59%	-13.59%	5.40%	40.42%	-24.14%
EBIT Growth	67.71%	-68.57%	-115.58%	70.33%	64.98%	13.02%	993.40%	-10.05%	6.67%	51.37%	-26.75%
NOPAT Growth	58.52%	-68.14%	-114.53%	69.71%	61.64%	12.74%	1,036.68%	-9.92%	7.61%	53.18%	-30.20%
Net Income Growth	58.52%	-68.14%	-115.40%	69.71%	61.64%	12.74%	983.89%	-9.92%	7.61%	53.18%	-30.20%
EPS Growth	-12.16%	-34.02%	-112.86%	4.92%	0.00%	-9.38%	755.56%	-10.94%	7.69%	18.97%	-30.51%
Operating Cash Flow Growth	425.72%	-66.14%	-114.15%	-12.73%	8.01%	-42.40%	576.06%	-43.57%	-80.80%	176.98%	-34.23%
Free Cash Flow Firm Growth	1,443.01%	186.74%	-62,187.94%	-5,105.94%	-2,499.79%	-169.56%	123.62%	125.12%	99.05%	115.82%	-45.69%
Invested Capital Growth	-8.60%	-66.11%	373.21%	399.14%	323.63%	139.44%	-17.58%	-18.77%	2.28%	-7.57%	-11.38%
Revenue Q/Q Growth	4.50%	7.35%	26.17%	21.94%	0.23%	-1.09%	-8.75%	-0.33%	5.13%	-1.86%	0.87%
EBITDA Q/Q Growth	4.21%	0.81%	-106.26%	2,800.52%	-0.79%	-26.24%	28.26%	-7.93%	21.02%	-1.73%	-30.71%
EBIT Q/Q Growth	6.06%	0.82%	-116.83%	1,046.31%	2.73%	-30.93%	33.05%	-4.72%	21.83%	-1.99%	-35.61%
NOPAT Q/Q Growth	6.93%	-1.28%	-115.97%	1,106.86%	1.85%	-31.15%	32.66%	-3.17%	21.67%	-1.99%	-39.55%
Net Income Q/Q Growth	6.93%	-1.28%	-116.92%	1,050.11%	1.85%	-31.15%	32.66%	-3.17%	21.67%	-1.99%	-39.55%
EPS Q/Q Growth	6.56%	-1.54%	-114.06%	811.11%	1.56%	-10.77%	1.72%	-3.39%	22.81%	-1.43%	-40.58%
Operating Cash Flow Q/Q Growth	6.21%	-50.53%	-124.30%	783.47%	31.46%	-73.62%	100.83%	-18.98%	-55.27%	280.61%	-52.31%
Free Cash Flow Firm Q/Q Growth	58.08%	2,622.97%	-214.79%	-1.31%	24.22%	21.07%	138.98%	7.74%	-102.86%	1,419.06%	33.84%
Invested Capital Q/Q Growth	-6.08%	82.75%	186.47%	1.52%	-20.29%	3.29%	-1.39%	0.05%	0.37%	-6.65%	-5.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	37.76%	35.46%	-1.76%	38.93%	38.53%	28.74%	40.39%	37.31%	42.95%	43.01%	29.54%
EBIT Margin	35.17%	33.03%	-4.41%	34.20%	35.05%	24.48%	35.69%	34.12%	39.54%	39.49%	25.20%
Profit (Net Income) Margin	26.51%	24.38%	-3.27%	25.47%	25.88%	18.02%	26.19%	25.45%	29.45%	29.41%	17.63%
Tax Burden Percent	75.36%	73.79%	74.18%	74.48%	73.84%	73.61%	73.39%	74.58%	74.49%	74.49%	69.93%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	24.64%	26.21%	0.00%	25.52%	26.16%	26.39%	26.61%	25.42%	25.51%	25.51%	30.07%
Return on Invested Capital (ROIC)	20.19%	3.90%	-0.62%	5.85%	8.17%	5.28%	5.09%	4.78%	6.13%	6.13%	3.84%
ROIC Less NNEP Spread (ROIC-NNEP)	20.19%	3.90%	-0.64%	5.85%	8.17%	5.28%	5.09%	4.78%	6.13%	6.13%	3.84%
Return on Net Nonoperating Assets (RNNOA)	0.75%	8.31%	-0.59%	5.75%	5.77%	4.35%	5.77%	5.55%	5.53%	5.09%	2.90%
Return on Equity (ROE)	20.94%	12.21%	-1.21%	11.60%	13.95%	9.63%	10.87%	10.33%	11.66%	11.22%	6.73%
Cash Return on Invested Capital (CROIC)	31.32%	102.99%	-126.90%	-129.16%	-117.74%	-77.04%	23.91%	25.19%	2.88%	13.63%	17.61%
Operating Return on Assets (OROA)	3.16%	1.59%	-0.16%	1.49%	1.76%	1.16%	1.37%	1.29%	1.49%	1.47%	0.95%
Return on Assets (ROA)	2.38%	1.17%	-0.12%	1.11%	1.30%	0.86%	1.01%	0.96%	1.11%	1.09%	0.66%
Return on Common Equity (ROCE)	20.94%	12.21%	-1.21%	11.60%	13.95%	9.63%	10.87%	10.33%	11.66%	11.22%	6.73%
Return on Equity Simple (ROE_SIMPLE)	24.31%	0.00%	4.74%	5.93%	7.30%	0.00%	9.82%	9.52%	9.18%	0.00%	9.47%
Net Operating Profit after Tax (NOPAT)	84	83	-13	133	136	94	124	120	146	143	87
NOPAT Margin	26.51%	24.38%	-3.08%	25.47%	25.88%	18.02%	26.19%	25.45%	29.45%	29.41%	17.63%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	45.96%	42.01%	41.65%	41.23%	39.06%	40.69%	42.59%	40.77%	39.37%	39.53%	40.05%
Operating Expenses to Revenue	56.13%	57.29%	79.83%	62.74%	57.95%	64.95%	60.69%	59.14%	54.67%	54.72%	69.22%
Earnings before Interest and Taxes (EBIT)	112	112	-19	179	184	127	169	161	196	192	124
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	120	121	-7.55	204	202	149	191	176	213	209	145
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.95	0.84	0.31	0.80	0.85	1.04	0.79	0.82	1.04	1.11	1.00
Price to Tangible Book Value (P/TBV)	1.59	0.84	0.48	1.24	1.33	1.55	1.16	1.20	1.47	1.57	1.39
Price to Revenue (P/Rev)	1.14	1.64	1.09	2.40	2.17	2.61	1.91	2.06	2.79	2.93	2.69
Price to Earnings (P/E)	3.90	6.20	6.55	13.51	11.67	14.95	8.01	8.66	11.30	10.60	10.54
Dividend Yield	5.80%	4.52%	6.23%	6.79%	6.97%	5.52%	7.70%	7.35%	5.52%	5.33%	5.77%
Earnings Yield	25.64%	16.13%	15.27%	7.40%	8.57%	6.69%	12.48%	11.55%	8.85%	9.43%	9.49%
Enterprise Value to Invested Capital (EV/IC)	0.81	0.58	0.39	0.63	0.67	0.80	0.66	0.69	0.80	0.85	0.75
Enterprise Value to Revenue (EV/Rev)	1.01	1.84	3.24	4.55	3.42	3.84	3.05	3.29	3.88	3.92	3.25
Enterprise Value to EBITDA (EV/EBITDA)	2.40	4.80	12.96	16.76	11.99	14.02	8.35	9.11	10.43	9.56	8.50
Enterprise Value to EBIT (EV/EBIT)	2.55	5.18	14.53	19.06	13.64	16.29	9.45	10.21	11.65	10.51	9.39
Enterprise Value to NOPAT (EV/NOPAT)	3.44	6.93	19.47	25.56	18.42	22.02	12.80	13.83	15.73	14.16	12.75
Enterprise Value to Operating Cash Flow (EV/OCF)	1.29	2.19	6.00	10.28	8.44	11.46	6.97	8.41	15.37	11.47	10.63
Enterprise Value to Free Cash Flow (EV/FCFF)	2.46	0.29	0.00	0.00	0.00	0.00	2.48	2.46	28.02	5.99	4.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.04	0.62	1.36	1.42	1.01	0.93	0.91	0.91	0.81	0.74	0.61
Long-Term Debt to Equity	0.02	0.50	1.30	1.36	0.96	0.88	0.87	0.87	0.77	0.69	0.08
Financial Leverage	0.04	2.13	0.92	0.98	0.71	0.82	1.13	1.16	0.90	0.83	0.76
Leverage Ratio	8.79	10.42	10.35	10.49	10.73	11.24	10.79	10.77	10.49	10.26	10.18
Compound Leverage Factor	8.79	10.42	10.35	10.49	10.73	11.24	10.79	10.77	10.49	10.26	10.18
Debt to Total Capital	3.79%	38.29%	57.57%	58.68%	50.27%	48.08%	47.75%	47.57%	44.65%	42.45%	37.71%
Short-Term Debt to Total Capital	2.22%	7.68%	2.35%	2.52%	2.77%	2.62%	2.25%	2.08%	1.93%	2.66%	32.61%
Long-Term Debt to Total Capital	1.58%	30.60%	55.21%	56.16%	47.50%	45.46%	45.50%	45.49%	42.72%	39.79%	5.09%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	96.21%	61.71%	42.43%	41.32%	49.73%	51.92%	52.25%	52.43%	55.36%	57.55%	62.29%
Debt to EBITDA	0.11	3.17	19.06	15.70	9.02	8.45	6.07	6.28	5.83	4.78	4.26
Net Debt to EBITDA	-0.32	0.50	8.60	7.90	4.39	4.50	3.12	3.40	2.94	2.40	1.48
Long-Term Debt to EBITDA	0.05	2.53	18.28	15.03	8.52	7.99	5.78	6.01	5.58	4.48	0.58
Debt to NOPAT	0.16	4.57	28.62	23.95	13.85	13.27	9.31	9.54	8.79	7.07	6.39
Net Debt to NOPAT	-0.46	0.72	12.92	12.05	6.74	7.07	4.79	5.17	4.43	3.55	2.21
Long-Term Debt to NOPAT	0.07	3.65	27.45	22.92	13.08	12.54	8.87	9.12	8.41	6.63	0.86
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	291	7,920	-9,092	-9,211	-6,980	-5,510	2,147	2,314	-66	871	1,166
Operating Cash Flow to CapEx	5,155.07%	1,013.22%	-1,117.81%	0.00%	0.00%	2,743.42%	3,144.74%	0.00%	0.00%	1,636.17%	0.00%
Free Cash Flow to Firm to Interest Expense	18.27	169.35	-89.80	-48.04	-32.45	-23.15	8.23	8.63	-0.25	3.64	5.25
Operating Cash Flow to Interest Expense	20.36	3.43	-0.38	1.39	1.63	0.39	0.71	0.56	0.25	1.07	0.55
Operating Cash Flow Less CapEx to Interest Expense	19.96	3.09	-0.42	1.39	1.63	0.37	0.69	0.56	0.25	1.00	0.55
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.05	0.04	0.04	0.05	0.05	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	10.98	7.29	5.10	5.99	7.28	7.76	5.73	5.63	5.80	5.61	5.71
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,199	4,018	11,512	11,686	9,315	9,621	9,488	9,493	9,527	8,893	8,409
Invested Capital Turnover	0.76	0.16	0.20	0.23	0.32	0.29	0.19	0.19	0.21	0.21	0.22
Increase / (Decrease) in Invested Capital	-207	-7,837	9,079	9,345	7,116	5,603	-2,023	-2,193	212	-728	-1,080
Enterprise Value (EV)	1,771	2,332	4,508	7,320	6,227	7,678	6,232	6,548	7,612	7,556	6,327
Market Capitalization	2,005	2,088	1,516	3,869	3,948	5,214	3,902	4,101	5,470	5,659	5,229
Book Value per Share	$26.90	$31.53	$62.09	$23.16	$22.21	$23.95	$23.80	$23.77	$25.18	$24.43	$24.98
Tangible Book Value per Share	$16.08	$31.47	$40.07	$15.03	$14.22	$16.12	$16.12	$16.26	$17.81	$17.20	$17.90
Total Capital	2,199	4,018	11,512	11,686	9,315	9,621	9,488	9,493	9,527	8,893	8,409
Total Debt	83	1,539	6,627	6,858	4,683	4,626	4,531	4,516	4,253	3,775	3,171
Total Long-Term Debt	35	1,230	6,356	6,563	4,424	4,374	4,317	4,318	4,070	3,539	428
Net Debt	-234	244	2,992	3,451	2,279	2,464	2,330	2,447	2,142	1,897	1,098
Capital Expenditures (CapEx)	6.29	16	3.49	0.00	0.00	3.37	5.90	0.00	0.00	16	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.79	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	83	1,539	6,627	6,858	4,683	4,626	4,531	4,516	4,253	3,775	3,171
Total Depreciation and Amortization (D&A)	8.20	8.26	11	25	18	22	22	15	17	17	21
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.83	$0.63	($0.09)	$0.64	$0.65	$0.59	$0.60	$0.58	$0.70	$0.68	$0.41
Adjusted Weighted Average Basic Shares Outstanding	78.10M	129.28M	156.38M	207.98M	208.07M	195.30M	208.26M	208.50M	208.55M	208.46M	208.80M
Adjusted Diluted Earnings per Share	$0.83	$0.64	($0.09)	$0.64	$0.65	$0.58	$0.59	$0.57	$0.70	$0.69	$0.41
Adjusted Weighted Average Diluted Shares Outstanding	78.23M	129.73M	156.38M	208.55M	208.65M	195.87M	208.96M	209.01M	209.45M	209.34M	210.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	78.65M	78.68M	208.46M	208.57M	208.58M	208.63M	209.38M	209.48M	209.53M	209.65M	210.20M
Normalized Net Operating Profit after Tax (NOPAT)	85	92	68	155	150	99	127	131	148	145	97
Normalized NOPAT Margin	26.69%	26.90%	15.81%	29.69%	28.55%	19.03%	26.89%	27.76%	29.80%	29.75%	19.67%
Pre Tax Income Margin	35.17%	33.03%	-4.41%	34.20%	35.05%	24.48%	35.69%	34.12%	39.54%	39.49%	25.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.00	2.40	-0.19	0.93	0.86	0.53	0.65	0.60	0.73	0.80	0.56
NOPAT to Interest Expense	5.28	1.77	-0.13	0.70	0.63	0.39	0.48	0.45	0.54	0.60	0.39
EBIT Less CapEx to Interest Expense	6.61	2.07	-0.22	0.93	0.86	0.52	0.63	0.60	0.73	0.74	0.56
NOPAT Less CapEx to Interest Expense	4.88	1.44	-0.17	0.70	0.63	0.38	0.45	0.45	0.54	0.53	0.39
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	50.66%	54.13%	78.74%	73.90%	71.25%	77.50%	61.56%	63.32%	62.00%	56.26%	60.54%
Augmented Payout Ratio	50.66%	55.36%	81.04%	76.00%	73.06%	79.30%	62.77%	64.57%	63.20%	57.33%	62.07%

Financials Breakdown Chart

Key Financial Trends

Columbia Banking System (NASDAQ:COLB) has exhibited several noteworthy financial trends over the past four years through its quarterly financial statements up to Q1 2025. Here is an analysis highlighting the key positive, neutral, and negative factors that retail investors should consider:

Steady Growth in Net Interest Income: Net interest income remained strong, with Q1 2025 reporting $425.0 million, close to Q4 2024's $437.4 million, and consistently above $370 million in early 2023. This indicates resilience in the company's core banking operations.
Solid Quarterly Net Income Performance: Despite some fluctuations, Columbia delivered positive net income in recent quarters with $86.6 million in Q1 2025 and over $120 million in multiple quarters during 2024, reflecting ongoing profitability.
Increase in Total Deposits: Deposits showed a growing trend, with net change in deposits reaching nearly $497 million in Q1 2025 and demonstrating sustained deposit growth over recent quarters, supporting liquidity and funding strength.
Strong Cash Flow from Operating Activities: For Q1 2025, net cash from continuing operating activities was $122 million, suggesting good operational cash-generating capability supporting the business.
Growth in Loan Portfolio: Loans and leases have generally increased year-over-year, from approximately $20.4 billion in 2022 Q3 to over $37.6 billion by Q1 2025, reflecting expanded lending activity.
Consistent Dividend Payments: Columbia maintained dividends per share around $0.35 to $0.60 over recent years, showing commitment to returning capital to shareholders.
Restructuring Charges Fluctuation: The company incurred significant restructuring charges (e.g., $115.9 million in Q1 2023), which have varied widely quarter to quarter, creating some earnings volatility.
Non-Interest Income Variability: Non-interest income fluctuated moderately, with Q1 2025 at about $66.4 million compared to higher/lower amounts in prior quarters. This component contributes variably to overall revenue.
Share Count Increase: The weighted average basic and diluted shares outstanding have increased modestly over time, slightly diluting EPS but likely supporting capital raising and growth.
Rising Non-Interest Expenses: Non-interest expenses have increased significantly over time, reaching $340.1 million in Q1 2025, compared to lower amounts in earlier years, which pressures operating margins.
Provision for Credit Losses Remains Elevated: Provisions have hovered around $17 million to $55 million quarterly over the years, indicating persistent credit risk concerns impacting profitability.
Declining Equity Base: Total common equity fluctuated but shows pressure with net retained earnings declining and negative accumulated other comprehensive income, which somewhat weakens the capitalization base.
High Debt Levels and Interest Expense: The company carries substantial long-term debt, with interest expense hovering around $44-$66 million per quarter, which reduces net interest margin and profitability.
Volatile Capital Gains Impact: Net realized and unrealized capital gains/losses have varied from positive $3.8 million to negative amounts, creating earnings uncertainty.

Summary: Columbia Banking System demonstrates solid core banking growth and operational cash flow, supported by growing loans and deposits. Consistency in dividends and steady net interest income reinforce strengths. However, rising non-interest expenses, provisions for credit losses, and a volatile equity position pose challenges. Investors should monitor operating costs and credit quality trends along with capital structure changes for future performance insights.

10/06/25 12:08 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Columbia Banking System's Financials

When does Columbia Banking System's financial year end?

According to the most recent income statement we have on file, Columbia Banking System's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Columbia Banking System's net income changed over the last 9 years?

Columbia Banking System's net income appears to be on an upward trend, with a most recent value of $533.68 million in 2024, rising from $98.83 million in 2015. The previous period was $348.72 million in 2023. See Columbia Banking System's forecast for analyst expectations on what’s next for the company.

How has Columbia Banking System's revenue changed over the last 9 years?

Over the last 9 years, Columbia Banking System's total revenue changed from $416.36 million in 2015 to $1.93 billion in 2024, a change of 363.4%.

How much debt does Columbia Banking System have?

Columbia Banking System's total liabilities were at $46.46 billion at the end of 2024, a 1.5% decrease from 2023, and a 4,645,817,300,000.0% increase since 2015.

How much cash does Columbia Banking System have?

In the past 9 years, Columbia Banking System's cash and equivalents has ranged from $0.00 in 2015 to $978.13 million in 2021, and is currently $496.67 million as of their latest financial filing in 2024.

How has Columbia Banking System's book value per share changed over the last 9 years?

Over the last 9 years, Columbia Banking System's book value per share changed from 0.00 in 2015 to 24.43 in 2024, a change of 2,442.7%.

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This page (NASDAQ:COLB) was last updated on 10/5/2025 by MarketBeat.com Staff

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Columbia Banking System (COLB) Financials

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Columbia Banking System (COLB) Financials

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