Columbia Banking System (COLB) Financials

$30.11 +0.07 (+0.23%)

Closing price 09/11/2026 04:00 PM Eastern

Extended Trading

$30.10 -0.01 (-0.03%)

As of 09/11/2026 07:30 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	2025
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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	99	105	113	173	194	154	420	337	349	534	550
Consolidated Net Income / (Loss)	99	105	113	173	194	154	420	337	349	534	550
Net Income / (Loss) Continuing Operations	99	105	113	173	194	154	420	337	349	534	550
Total Pre-Tax Income	142	150	178	212	242	192	558	451	471	719	728
Total Revenue	416	422	478	567	591	605	1,276	1,270	1,997	1,929	2,301
Net Interest Income / (Expense)	325	334	368	479	493	500	920	1,070	1,793	1,718	2,003
Total Interest Income	329	338	375	497	530	518	962	1,148	2,539	2,755	2,916
Loans and Leases Interest Income	286	291	324	428	448	426	891	1,050	2,114	2,320	2,458
Investment Securities Interest Income	43	46	50	68	81	91	68	78	314	345	387
Other Interest Income	-	-	-	-	-	-	3.86	20	111	90	71
Total Interest Expense	4.00	4.35	6.76	18	37	18	42	78	746	1,037	913
Deposits Interest Expense	2.98	3.13	4.80	12	22	9.37	27	48	462	803	747
Long-Term Debt Interest Expense	0.47	0.67	1.38	5.62	14	8.14	15	29	281	229	162
Federal Funds Purchased and Securities Sold Interest Expense	-	-	-	-	-	-	0.28	1.00	3.00	5.00	4.00
Total Non-Interest Income	91	88	110	88	97	105	356	200	204	211	298
Other Service Charges	43	30	37	39	47	44	64	-1.01	28	32	47
Net Realized & Unrealized Capital Gains on Investments	-2.43	-1.40	14	-0.09	2.13	17	14	-0.40	9.00	-13	18
Other Non-Interest Income	38	48	48	38	35	31	278	201	167	192	233
Provision for Credit Losses	8.59	11	8.63	15	3.49	78	-43	84	213	106	150
Total Non-Interest Expense	266	261	291	340	345	335	760	735	1,313	1,104	1,423
Salaries and Employee Benefits	149	150	170	200	213	210	481	441	616	589	672
Net Occupancy & Equipment Expense	52	50	51	20	62	65	138	138	183	182	216
Marketing Expense	4.71	4.60	4.47	5.58	4.93	4.47	7.38	6.54	11	11	15
Property & Liability Insurance Claims	4.81	3.78	3.18	3.71	1.92	2.96	9.24	14	71	42	28
Other Operating Expenses	48	46	57	99	53	43	106	113	149	137	217
Amortization Expense	6.88	5.95	6.33	12	10	8.72	4.52	4.10	111	119	127
Restructuring Charge	-	-	-	-	-	-	15	17	172	24	148
Income Tax Expense	43	45	65	39	47	38	138	114	122	185	178
Basic Earnings per Share	$1.71	$1.81	$1.86	$2.36	$2.68	$2.17	$3.22	$2.60	$1.79	$2.56	$2.31
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	238.02M
Diluted Earnings per Share	$1.71	$1.81	$1.86	$2.36	$2.68	$2.17	$3.21	$2.60	$1.78	$2.55	$2.30
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	239.12M
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	295.55M
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	$1.45

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	94	124	120	146	143	87	152	96	215	192	208
Consolidated Net Income / (Loss)	94	124	120	146	143	87	152	96	215	192	208
Net Income / (Loss) Continuing Operations	94	124	120	146	143	87	152	96	215	192	208
Total Pre-Tax Income	127	169	161	196	192	124	203	119	282	255	275
Total Revenue	519	474	472	496	487	491	511	582	717	677	677
Net Interest Income / (Expense)	454	423	427	430	437	425	446	505	627	594	589
Total Interest Income	692	684	696	699	677	648	670	740	858	816	810
Loans and Leases Interest Income	578	575	584	589	573	553	564	619	722	684	683
Investment Securities Interest Income	90	86	89	85	85	79	90	101	117	118	114
Other Interest Income	24	24	23	25	19	16	16	20	19	14	13
Total Interest Expense	238	261	268	269	239	223	224	235	232	222	221
Deposits Interest Expense	171	198	207	208	189	177	180	195	195	184	173
Long-Term Debt Interest Expense	66	61	59	60	49	45	43	39	35	37	47
Federal Funds Purchased and Securities Sold Interest Expense	1.23	1.27	1.52	1.00	0.97	1.00	1.00	1.00	1.07	1.00	1.00
Total Non-Interest Income	66	50	45	66	50	66	65	77	90	83	88
Other Service Charges	18	11	6.88	5.00	2.88	6.00	12	13	17	13	19
Net Realized & Unrealized Capital Gains on Investments	3.81	-3.70	-11	11	-3.13	9.00	0.00	6.00	2.39	-1.00	-2.00
Other Non-Interest Income	43	43	49	50	50	51	53	58	71	71	71
Provision for Credit Losses	55	17	32	29	28	27	30	70	23	28	27
Total Non-Interest Expense	337	288	279	271	267	340	278	393	412	394	375
Salaries and Employee Benefits	158	155	145	147	142	145	155	171	201	196	196
Net Occupancy & Equipment Expense	48	45	45	45	47	48	47	54	67	66	65
Marketing Expense	5.52	1.94	2.31	3.00	3.72	3.00	3.00	4.00	4.80	5.00	5.00
Property & Liability Insurance Claims	43	14	9.66	9.00	8.12	8.00	8.00	8.00	3.83	9.00	9.00
Other Operating Expenses	43	35	33	36	35	94	31	38	55	53	53
Amortization Expense	33	32	29	29	29	28	26	31	42	41	38
Restructuring Charge	7.17	4.48	15	2.00	2.23	14	8.00	87	38	24	9.00
Income Tax Expense	34	45	41	50	49	37	51	23	67	63	67
Basic Earnings per Share	$0.59	$0.60	$0.58	$0.70	$0.68	$0.41	$0.73	$0.40	$0.77	$0.66	$0.73
Weighted Average Basic Shares Outstanding	195.30M	208.26M	208.50M	208.55M	208.46M	208.80M	209.13M	237.84M	238.02M	290.93M	285.56M
Diluted Earnings per Share	$0.58	$0.59	$0.57	$0.70	$0.69	$0.41	$0.73	$0.40	$0.76	$0.66	$0.73
Weighted Average Diluted Shares Outstanding	195.87M	208.96M	209.01M	209.45M	209.34M	210.02M	209.98M	238.93M	239.12M	292.16M	286.47M
Weighted Average Basic & Diluted Shares Outstanding	208.63M	209.38M	209.48M	209.53M	209.65M	210.20M	210.30M	299.12M	295.55M	289.49M	282.90M

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	2025
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	12/31/2025
Net Change in Cash & Equivalents	-13	49	118	-65	-30	406	188	-1,467	868	-285	502
Net Cash From Operating Activities	135	146	129	237	205	192	663	1,065	670	659	746
Net Cash From Continuing Operating Activities	135	146	129	237	205	192	663	1,065	670	659	746
Net Income / (Loss) Continuing Operations	99	105	113	173	194	154	420	337	349	534	550
Consolidated Net Income / (Loss)	99	105	113	173	194	154	420	337	349	534	550
Provision For Loan Losses	8.59	11	8.63	15	3.49	78	-43	84	213	106	150
Depreciation Expense	30	35	31	33	34	15	31	28	144	150	141
Amortization Expense	-	-	-	-	-	-	14	6.60	-68	-78	-92
Non-Cash Adjustments to Reconcile Net Income	3.90	5.12	15	7.45	-17	-29	74	199	151	-13	136
Changes in Operating Assets and Liabilities, net	-6.88	-9.46	-39	9.13	-10	-25	165	410	-119	-40	-139
Net Cash From Investing Activities	-423	-549	-199	-506	-865	-1,919	-1,534	-3,533	502	114	2,172
Net Cash From Continuing Investing Activities	-423	-549	-199	-506	-865	-1,919	-1,534	-3,533	502	114	2,172
Purchase of Investment Securities	-869	-1,032	-722	-1,210	-1,820	-2,841	-2,572	-4,200	-2,264	-763	-2,014
Sale and/or Maturity of Investments	450	488	453	699	954	928	1,054	694	2,766	877	4,186
Net Cash From Financing Activities	275	452	189	204	631	2,133	1,060	1,001	-304	-1,058	-2,416
Net Cash From Continuing Financing Activities	275	452	189	204	631	2,133	1,060	1,001	-304	-1,058	-2,416
Net Change in Deposits	514	621	354	-74	227	3,185	1,973	471	-651	114	-2,035
Issuance of Debt	1,703	1,392	2,301	4,941	6,881	1,562	0.00	1,650	17,350	4,900	11,675
Issuance of Common Equity	-	-	-	-	-	-	0.03	0.05	1.00	0.00	3.00
Repayment of Debt	-1,859	-1,454	-2,403	-4,586	-6,327	-2,508	-765	-750	-16,587	-5,750	-11,585
Repurchase of Common Equity	-0.91	-1.13	-7.35	0.00	-51	-20	-81	-4.16	-6.00	-6.00	-109
Payment of Dividends	-77	-89	-51	-83	-102	-96	-184	-182	-270	-300	-335
Other Financing Activities, Net	-4.12	-17	-3.70	6.22	2.58	8.93	117	-183	-141	-16	-30
Cash Interest Paid	4.15	4.44	6.63	18	36	19	43	71	693	1,078	930
Cash Income Taxes Paid	31	33	59	24	47	43	105	72	139	101	123

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	-241	39	-132	42	-233	194	-131	400	38	-281	-330
Net Cash From Operating Activities	92	186	150	67	256	122	107	236	281	494	295
Net Cash From Continuing Operating Activities	92	186	150	67	256	122	107	236	281	494	295
Net Income / (Loss) Continuing Operations	94	124	120	146	143	87	152	96	215	192	208
Consolidated Net Income / (Loss)	94	124	120	146	143	87	152	96	215	192	208
Provision For Loan Losses	55	17	32	29	28	27	29	70	23	28	27
Depreciation Expense	42	40	37	37	36	21	33	34	39	21	26
Non-Cash Adjustments to Reconcile Net Income	42	-18	-10	-4.74	22	-3.00	12	18	109	234	20
Changes in Operating Assets and Liabilities, net	-120	40	-6.56	-120	46	-10	-96	45	-77	19	14
Net Cash From Investing Activities	-200	-78	-8.14	323	-122	250	-484	1,823	583	112	239
Net Cash From Continuing Investing Activities	-200	-78	-8.14	323	-122	250	-484	1,823	583	112	239
Purchase of Investment Securities	-704	-283	-299	179	-334	4.00	-746	-571	-702	-448	-101
Sale and/or Maturity of Investments	507	205	297	151	228	246	262	2,394	1,285	560	340
Net Cash From Financing Activities	-134	-69	-274	-348	-366	-178	247	-1,659	-826	-887	-864
Net Cash From Continuing Financing Activities	-134	-69	-274	-348	-366	-178	247	-1,659	-826	-887	-864
Net Change in Deposits	-17	99	-183	-8.58	206	497	-475	-510	-1,547	-722	-1,433
Issuance of Debt	5,250	3,900	-	-	1,000	2,050	3,475	2,800	3,350	3,400	4,650
Repayment of Debt	-5,285	-3,950	-	-250	-1,550	-2,600	-2,675	-3,850	-2,460	-3,200	-3,800
Repurchase of Common Equity	-0.18	-4.85	-0.77	-0.02	-0.08	-7.00	-1.86	-0.40	-100	-215	-203
Payment of Dividends	-75	-75	-75	-75	-75	-75	-75	-76	-109	-107	-105
Other Financing Activities, Net	-6.26	-39	-16	-14	53	-44	-0.95	-25	40	-45	27
Cash Interest Paid	236	279	247	265	288	221	219	244	246	227	225
Cash Income Taxes Paid	59	0.57	52	14	35	1.00	83	37	1.00	2.00	53

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	2025
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	12/31/2025
Total Assets	-	9,510	-	13,095	14,080	16,585	20,945	31,849	52,174	51,576	66,832
Cash and Due from Banks	-	193	-	260	224	219	978	327	498	497	511
Interest Bearing Deposits at Other Banks	-	31	-	17	24	435	671	967	1,664	1,381	1,869
Trading Account Securities	-	2,284	-	3,171	3,764	5,250	5,921	3,270	8,863	8,349	11,392
Loans and Leases, Net of Allowance	-	6,143	-	8,308	8,659	9,279	10,486	25,855	37,001	37,256	47,310
Loans and Leases	-	6,213	-	8,392	8,743	9,428	10,642	26,156	37,442	37,681	47,776
Allowance for Loan and Lease Losses	-	70	-	83	84	149	156	301	441	425	466
Premises and Equipment, Net	-	150	-	169	165	162	172	176	339	349	422
Goodwill	-	383	-	766	766	766	823	0.00	1,029	1,029	1,482
Intangible Assets	-	18	-	46	35	27	35	4.75	604	484	712
Other Assets	-	307	-	358	442	448	2,670	1,248	2,175	2,231	3,134
Total Liabilities & Shareholders' Equity	-	9,510	-	13,095	14,080	16,585	20,945	31,849	52,174	51,576	66,832
Total Liabilities	-	8,259	-	11,061	11,920	14,237	9,176	29,369	47,179	46,458	58,992
Non-Interest Bearing Deposits	-	3,944	-	5,227	5,328	6,913	8,857	10,289	14,256	13,308	17,419
Interest Bearing Deposits	-	4,115	-	5,231	5,357	6,957	-	16,777	27,351	28,413	36,792
Short-Term Debt	-	81	-	61	64	74	86	309	252	237	207
Long-Term Debt	-	6.49	-	435	989	43	-	1,230	4,374	3,539	3,635
Other Long-Term Liabilities	-	112	-	107	182	251	233	677	945	961	939
Commitments & Contingencies	-	0.00	-	-	-	-	-	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	7,840
Total Preferred & Common Equity	-	1,251	-	2,034	2,160	2,348	2,589	2,480	4,995	5,118	7,840
Preferred Stock	-	2.22	-	-	-	-	-	0.00	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	7,840
Common Stock	-	996	-	1,642	1,651	1,661	1,930	3,450	5,803	5,817	8,099
Retained Earnings	-	272	-	427	520	575	694	-544	-468	-237	-26
Accumulated Other Comprehensive Income / (Loss)	-	-19	-	-35	40	182	35	-427	-340	-462	-233

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	53,994	53,592	51,994	52,224	52,047	51,909	51,519	51,901	67,496	66,027	65,380
Cash and Due from Banks	556	539	492	440	515	591	591	608	535	577	648
Interest Bearing Deposits at Other Banks	3,079	2,869	1,911	1,761	1,554	1,520	1,481	1,334	1,808	1,522	1,121
Trading Account Securities	9,301	9,184	8,567	8,666	8,562	8,746	8,296	8,721	11,371	11,014	11,209
Loans and Leases, Net of Allowance	36,674	36,645	36,754	37,228	37,291	37,083	37,195	37,216	47,989	47,238	46,708
Loans and Leases	37,091	37,049	37,171	37,642	37,710	37,503	37,616	37,637	48,462	47,697	47,166
Allowance for Loan and Lease Losses	417	405	417	414	419	420	421	421	473	459	458
Premises and Equipment, Net	375	369	338	337	338	338	345	357	416	426	424
Goodwill	1,030	1,029	1,029	1,029	1,029	1,029	1,029	1,029	1,481	1,482	1,482
Intangible Assets	702	667	637	572	542	513	456	430	754	671	633
Other Assets	2,276	2,215	2,265	2,191	2,216	2,088	2,126	2,206	3,142	3,097	3,155
Total Liabilities & Shareholders' Equity	53,994	53,592	51,994	52,224	52,047	51,909	51,519	51,901	67,496	66,027	65,380
Total Liabilities	49,110	48,764	47,362	47,267	47,071	46,635	46,281	46,560	59,706	58,363	57,828
Non-Interest Bearing Deposits	17,216	16,019	15,533	13,809	13,482	13,534	13,414	13,220	17,810	17,635	17,218
Interest Bearing Deposits	24,371	24,816	26,091	27,898	28,042	27,981	28,804	28,523	37,961	35,854	34,838
Short-Term Debt	271	295	258	214	198	184	2,742	191	167	3,562	189
Long-Term Debt	6,356	6,563	4,424	4,317	4,318	4,070	428	3,781	2,738	430	4,686
Other Long-Term Liabilities	896	963	1,054	1,030	1,032	867	893	845	1,030	882	897
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,885	4,828	4,632	4,957	4,977	5,274	5,238	5,342	7,790	7,664	7,552
Total Preferred & Common Equity	4,885	4,828	4,632	4,957	4,977	5,274	5,238	5,342	7,790	7,664	7,552
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,885	4,828	4,632	4,957	4,977	5,274	5,238	5,342	7,790	7,664	7,552
Common Stock	5,789	5,793	5,798	5,802	5,807	5,812	5,823	5,826	8,189	7,896	7,702
Retained Earnings	-604	-546	-486	-419	-375	-305	-227	-151	-131	59	160
Accumulated Other Comprehensive Income / (Loss)	-300	-419	-680	-426	-456	-234	-358	-334	-268	-291	-310

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	2025
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	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
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	$2.31
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	238.02M
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	$2.30
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	239.12M
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	$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	295.55M
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	295,550,687.00	289,490,366.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	295,550,687.00	289,490,366.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	0.65	0.72
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	52.53%	10.31%	-9.83%	-5.43%	-6.17%	3.73%	8.21%	17.34%	-	37.88%	32.49%
EBITDA Growth	23.61%	2,634.59%	-13.59%	5.40%	40.42%	-24.14%	20.92%	-40.95%	-	90.34%	41.31%
EBIT Growth	13.02%	993.40%	-10.05%	6.67%	51.37%	-26.75%	26.31%	-39.29%	-	105.65%	35.47%
NOPAT Growth	12.74%	1,036.68%	-9.92%	7.61%	53.18%	-30.20%	26.87%	-34.25%	-	120.69%	36.84%
Net Income Growth	12.74%	983.89%	-9.92%	7.61%	53.18%	-30.20%	26.87%	-34.25%	-	120.69%	36.84%
EPS Growth	-9.38%	755.56%	-10.94%	7.69%	18.97%	-30.51%	28.07%	-42.86%	-	60.98%	0.00%
Operating Cash Flow Growth	-42.40%	576.06%	-43.57%	-80.80%	176.98%	-34.23%	-28.94%	251.47%	-	304.92%	175.70%
Free Cash Flow Firm Growth	-169.56%	123.62%	125.12%	99.05%	115.82%	-45.69%	-85.69%	-1,517.93%	-	-361.90%	-978.70%
Invested Capital Growth	139.44%	-17.58%	-18.77%	2.28%	-7.57%	-11.38%	-1.88%	12.26%	-	38.62%	33.42%
Revenue Q/Q Growth	-1.09%	-8.75%	-0.33%	5.13%	-1.86%	0.87%	3.98%	13.91%	-	-5.54%	0.00%
EBITDA Q/Q Growth	-26.24%	28.26%	-7.93%	21.02%	-1.73%	-30.71%	46.75%	-40.77%	-	-5.70%	9.06%
EBIT Q/Q Growth	-30.93%	33.05%	-4.72%	21.83%	-1.99%	-35.61%	64.29%	-41.51%	-	-9.47%	7.84%
NOPAT Q/Q Growth	-31.15%	32.66%	-3.17%	21.67%	-1.99%	-39.55%	75.99%	-37.02%	-	-10.68%	8.33%
Net Income Q/Q Growth	-31.15%	32.66%	-3.17%	21.67%	-1.99%	-39.55%	75.99%	-37.02%	-	-10.68%	8.33%
EPS Q/Q Growth	-10.77%	1.72%	-3.39%	22.81%	-1.43%	-40.58%	78.05%	-45.21%	-	-13.16%	10.61%
Operating Cash Flow Q/Q Growth	-73.62%	100.83%	-18.98%	-55.27%	280.61%	-52.31%	-12.47%	121.16%	-	75.80%	-40.28%
Free Cash Flow Firm Q/Q Growth	21.07%	138.98%	7.74%	-102.86%	1,419.06%	33.84%	-71.61%	-423.75%	-	-18.75%	4.92%
Invested Capital Q/Q Growth	3.29%	-1.39%	0.05%	0.37%	-6.65%	-5.45%	10.77%	14.83%	-	-0.22%	6.61%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	28.74%	40.39%	37.31%	42.95%	43.01%	29.54%	41.69%	21.68%	-	40.77%	44.46%
EBIT Margin	24.48%	35.69%	34.12%	39.54%	39.49%	25.20%	39.82%	20.45%	-	37.67%	40.62%
Profit (Net Income) Margin	18.02%	26.19%	25.45%	29.45%	29.41%	17.63%	29.83%	16.49%	-	28.36%	30.72%
Tax Burden Percent	73.61%	73.39%	74.58%	74.49%	74.49%	69.93%	74.91%	80.67%	-	75.29%	75.64%
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	26.39%	26.61%	25.42%	25.51%	25.51%	30.07%	25.09%	19.33%	-	24.71%	24.36%
Return on Invested Capital (ROIC)	5.28%	5.09%	4.78%	6.13%	6.13%	3.84%	6.30%	3.38%	-	7.03%	7.50%
ROIC Less NNEP Spread (ROIC-NNEP)	5.28%	5.09%	4.78%	6.13%	6.13%	3.84%	6.30%	3.38%	-	7.03%	7.50%
Return on Net Nonoperating Assets (RNNOA)	4.35%	5.77%	5.55%	5.53%	5.09%	2.90%	5.18%	1.85%	-	3.90%	5.14%
Return on Equity (ROE)	9.63%	10.87%	10.33%	11.66%	11.22%	6.73%	11.48%	5.23%	-	10.93%	12.64%
Cash Return on Invested Capital (CROIC)	-77.04%	23.91%	25.19%	2.88%	13.63%	17.61%	7.52%	-6.82%	-	-25.84%	-22.10%
Operating Return on Assets (OROA)	1.16%	1.37%	1.29%	1.49%	1.47%	0.95%	1.52%	0.71%	-	1.59%	1.84%
Return on Assets (ROA)	0.86%	1.01%	0.96%	1.11%	1.09%	0.66%	1.14%	0.57%	-	1.20%	1.39%
Return on Common Equity (ROCE)	9.63%	10.87%	10.33%	11.66%	11.22%	6.73%	11.48%	5.23%	-	10.93%	12.64%
Return on Equity Simple (ROE_SIMPLE)	0.00%	9.82%	9.52%	9.18%	0.00%	9.47%	9.89%	6.14%	-	8.55%	9.41%
Net Operating Profit after Tax (NOPAT)	94	124	120	146	143	87	152	96	-	192	208
NOPAT Margin	18.02%	26.19%	25.45%	29.45%	29.41%	17.63%	29.83%	16.49%	-	28.36%	30.72%
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	40.69%	42.59%	40.77%	39.37%	39.53%	40.05%	40.10%	39.35%	-	39.44%	39.29%
Operating Expenses to Revenue	64.95%	60.69%	59.14%	54.67%	54.72%	69.22%	54.41%	67.53%	-	58.20%	55.39%
Earnings before Interest and Taxes (EBIT)	127	169	161	196	192	124	203	119	-	255	275
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	149	191	176	213	209	145	213	126	-	276	301
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.04	0.79	0.82	1.04	1.11	1.00	0.92	0.69	-	1.06	1.23
Price to Tangible Book Value (P/TBV)	1.55	1.16	1.20	1.47	1.57	1.39	1.27	0.97	-	1.47	1.71
Price to Revenue (P/Rev)	2.61	1.91	2.06	2.79	2.93	2.69	2.47	2.61	-	3.26	3.50
Price to Earnings (P/E)	14.95	8.01	8.66	11.30	10.60	10.54	9.30	11.31	-	12.38	13.05
Dividend Yield	5.52%	7.70%	7.35%	5.52%	5.33%	5.77%	6.16%	5.59%	-	5.32%	4.59%
Earnings Yield	6.69%	12.48%	11.55%	8.85%	9.43%	9.49%	10.75%	8.84%	-	8.08%	7.66%
Enterprise Value to Invested Capital (EV/IC)	0.80	0.66	0.69	0.80	0.85	0.75	0.75	0.56	-	0.86	1.00
Enterprise Value to Revenue (EV/Rev)	3.84	3.05	3.29	3.88	3.92	3.25	3.50	2.88	-	4.02	4.67
Enterprise Value to EBITDA (EV/EBITDA)	14.02	8.35	9.11	10.43	9.56	8.50	8.89	8.62	-	10.00	11.38
Enterprise Value to EBIT (EV/EBIT)	16.29	9.45	10.21	11.65	10.51	9.39	9.70	9.35	-	11.64	13.30
Enterprise Value to NOPAT (EV/NOPAT)	22.02	12.80	13.83	15.73	14.16	12.75	13.14	12.49	-	15.27	17.42
Enterprise Value to Operating Cash Flow (EV/OCF)	11.46	6.97	8.41	15.37	11.47	10.63	12.58	8.29	-	8.94	9.48
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.48	2.46	28.02	5.99	4.01	9.82	0.00	-	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.93	0.91	0.91	0.81	0.74	0.61	0.74	0.37	-	0.52	0.65
Long-Term Debt to Equity	0.88	0.87	0.87	0.77	0.69	0.08	0.71	0.35	-	0.06	0.62
Financial Leverage	0.82	1.13	1.16	0.90	0.83	0.76	0.82	0.55	-	0.56	0.69
Leverage Ratio	11.24	10.79	10.77	10.49	10.26	10.18	10.07	9.14	-	9.11	9.10
Compound Leverage Factor	11.24	10.79	10.77	10.49	10.26	10.18	10.07	9.14	-	9.11	9.10
Debt to Total Capital	48.08%	47.75%	47.57%	44.65%	42.45%	37.71%	42.65%	27.16%	-	34.25%	39.23%
Short-Term Debt to Total Capital	2.62%	2.25%	2.08%	1.93%	2.66%	32.61%	2.06%	1.56%	-	30.56%	1.52%
Long-Term Debt to Total Capital	45.46%	45.50%	45.49%	42.72%	39.79%	5.09%	40.59%	25.60%	-	3.69%	37.71%
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%
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	51.92%	52.25%	52.43%	55.36%	57.55%	62.29%	57.35%	72.84%	-	65.75%	60.77%
Debt to EBITDA	8.45	6.07	6.28	5.83	4.78	4.26	5.09	4.19	-	3.99	4.48
Net Debt to EBITDA	4.50	3.12	3.40	2.94	2.40	1.48	2.60	0.81	-	1.89	2.85
Long-Term Debt to EBITDA	7.99	5.78	6.01	5.58	4.48	0.58	4.84	3.95	-	0.43	4.31
Debt to NOPAT	13.27	9.31	9.54	8.79	7.07	6.39	7.52	6.07	-	6.09	6.86
Net Debt to NOPAT	7.07	4.79	5.17	4.43	3.55	2.21	3.84	1.17	-	2.89	4.37
Long-Term Debt to NOPAT	12.54	8.87	9.12	8.41	6.63	0.86	7.15	5.72	-	0.66	6.59
Noncontrolling Interest Sharing Ratio	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)	-5,510	2,147	2,314	-66	871	1,166	331	-1,072	-	-3,055	-2,905
Operating Cash Flow to CapEx	2,743.42%	3,144.74%	0.00%	0.00%	1,636.17%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-23.15	8.23	8.63	-0.25	3.64	5.25	1.48	-4.56	-	-13.76	-13.15
Operating Cash Flow to Interest Expense	0.39	0.71	0.56	0.25	1.07	0.55	0.48	1.01	-	2.23	1.33
Operating Cash Flow Less CapEx to Interest Expense	0.37	0.69	0.56	0.25	1.00	0.55	0.48	1.01	-	2.23	1.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.03	-	0.04	0.05
Fixed Asset Turnover	7.76	5.73	5.63	5.80	5.61	5.71	5.72	5.49	-	6.45	6.79
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	9,621	9,488	9,493	9,527	8,893	8,409	9,314	10,695	-	11,656	12,427
Invested Capital Turnover	0.29	0.19	0.19	0.21	0.21	0.22	0.21	0.20	-	0.25	0.24
Increase / (Decrease) in Invested Capital	5,603	-2,023	-2,193	212	-728	-1,080	-179	1,168	-	3,247	3,113
Enterprise Value (EV)	7,678	6,232	6,548	7,612	7,556	6,327	6,944	5,975	-	10,000	12,384
Market Capitalization	5,214	3,902	4,101	5,470	5,659	5,229	4,914	5,413	-	8,107	9,278
Book Value per Share	$23.95	$23.80	$23.77	$25.18	$24.43	$24.98	$25.41	$37.04	-	$25.93	$26.09
Tangible Book Value per Share	$16.12	$16.12	$16.26	$17.81	$17.20	$17.90	$18.47	$26.41	-	$18.65	$18.78
Total Capital	9,621	9,488	9,493	9,527	8,893	8,409	9,314	10,695	-	11,656	12,427
Total Debt	4,626	4,531	4,516	4,253	3,775	3,171	3,972	2,905	-	3,992	4,875
Total Long-Term Debt	4,374	4,317	4,318	4,070	3,539	428	3,781	2,738	-	430	4,686
Net Debt	2,464	2,330	2,447	2,142	1,897	1,098	2,030	562	-	1,893	3,106
Capital Expenditures (CapEx)	3.37	5.90	0.00	0.00	16	0.00	0.00	0.00	-	0.00	0.00
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)	4,626	4,531	4,516	4,253	3,775	3,171	3,972	2,905	-	3,992	4,875
Total Depreciation and Amortization (D&A)	22	22	15	17	17	21	9.54	7.16	-	21	26
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.59	$0.60	$0.58	$0.70	$0.68	$0.41	$0.73	$0.40	$0.77	$0.66	$0.73
Adjusted Weighted Average Basic Shares Outstanding	195.30M	208.26M	208.50M	208.55M	208.46M	208.80M	209.13M	237.84M	238.02M	290.93M	285.56M
Adjusted Diluted Earnings per Share	$0.58	$0.59	$0.57	$0.70	$0.69	$0.41	$0.73	$0.40	$0.76	$0.66	$0.73
Adjusted Weighted Average Diluted Shares Outstanding	195.87M	208.96M	209.01M	209.45M	209.34M	210.02M	209.98M	238.93M	239.12M	292.16M	286.47M
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	208.63M	209.38M	209.48M	209.53M	209.65M	210.20M	210.30M	299.12M	295.55M	289.49M	282.90M
Normalized Net Operating Profit after Tax (NOPAT)	99	127	131	148	145	97	159	166	-	210	215
Normalized NOPAT Margin	19.03%	26.89%	27.76%	29.80%	29.75%	19.67%	31.03%	28.55%	-	31.03%	31.73%
Pre Tax Income Margin	24.48%	35.69%	34.12%	39.54%	39.49%	25.20%	39.82%	20.45%	-	37.67%	40.62%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.53	0.65	0.60	0.73	0.80	0.56	0.91	0.51	-	1.15	1.24
NOPAT to Interest Expense	0.39	0.48	0.45	0.54	0.60	0.39	0.68	0.41	-	0.86	0.94
EBIT Less CapEx to Interest Expense	0.52	0.63	0.60	0.73	0.74	0.56	0.91	0.51	-	1.15	1.24
NOPAT Less CapEx to Interest Expense	0.38	0.45	0.45	0.54	0.53	0.39	0.68	0.41	-	0.86	0.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	77.50%	61.56%	63.32%	62.00%	56.26%	60.54%	56.88%	62.95%	-	56.03%	55.84%
Augmented Payout Ratio	79.30%	62.77%	64.57%	63.20%	57.33%	62.07%	58.53%	64.77%	-	104.43%	128.69%

Financials Breakdown Chart

Key Financial Trends

Columbia Banking System’s financial performance improved substantially through the latest quarter, although the balance sheet remains sensitive to deposit trends, funding costs and elevated operating expenses. In Q2 2026, net income increased to $208 million from $152 million in Q2 2025, while diluted EPS held steady at $0.73. The company’s stronger earnings were driven primarily by higher net interest income and a lower provision for credit losses.

Net interest income has expanded meaningfully. Q2 2026 net interest income was $589 million, up 32% from $446 million in Q2 2025 and about 30% above Q3 2023. However, the figure declined modestly from $594 million in Q1 2026 and $626.6 million in Q4 2025. This suggests that the recent earnings recovery may be beginning to level off after a strong second half of 2025.

Total revenue reached $677 million in Q2 2026, a 32.5% increase from Q2 2025. Interest income from loans and leases remained the primary contributor at $683 million, although it was slightly below the $684 million recorded in Q1 2026. Non-interest income was comparatively stable at $88 million, up from $65 million in Q2 2025.

Credit costs have moderated. The provision for credit losses declined to $27 million in Q2 2026 from $70 million in Q3 2025 and $30 million in Q2 2025. The allowance for loan and lease losses was $458 million at quarter-end, broadly consistent with recent quarters. The decline in provisions supported the improvement in pretax income, but investors should continue monitoring asset quality because provisions remain a recurring expense.

The balance sheet has expanded considerably since 2023, partly reflecting acquisitions and balance-sheet repositioning. Total assets were $65.4 billion in Q2 2026, compared with $51.9 billion in Q2 2025 and $52.0 billion in Q2 2024. Net loans reached $46.7 billion, up 25.5% year over year, while total deposits were approximately $52.1 billion, also up about 26% from Q2 2025.

Operating expenses remain a major consideration. Q2 2026 non-interest expense was $375 million, up from $278 million in Q2 2025, although it declined from $394 million in Q1 2026 and $411.9 million in Q4 2025. Restructuring charges have fallen sharply from $87 million in Q3 2025 to $9 million in Q2 2026, but salaries, occupancy costs, amortization and other operating expenses remain materially higher than they were in 2023 and early 2024.

Cash generation was positive from operations but weaker sequentially. Operating cash flow was $295 million in Q2 2026, compared with $494 million in Q1 2026 and $107 million in Q2 2025. Investing activities provided $239 million, primarily because sales and maturities of investment securities exceeded purchases. Financing activities used $864 million, driven by a $1.4 billion decline in deposits, debt repayments and $203 million of common-stock repurchases. As a result, cash and equivalents fell by $330 million during the quarter.

Earnings recovery: Q2 2026 net income rose 36.8% year over year to $208 million, while pretax income increased to $275 million from $203 million.
Stronger core banking revenue: Net interest income increased 32% year over year, supported by substantially larger loan and securities balances.
Lower restructuring burden: Restructuring charges declined to $9 million in Q2 2026 from $24 million in Q1 2026 and $87 million in Q3 2025, improving earnings quality.
Improving shareholder capital: Total common equity increased to $7.6 billion from $5.0 billion in Q2 2025, and the company repurchased $203 million of common stock during Q2 2026.
Balance-sheet expansion: Assets, loans and deposits have all grown by roughly 25% to 26% year over year, creating additional earning-asset potential but also increasing the scale of funding and credit risks.
Sequential revenue pressure: Net interest income declined from $626.6 million in Q4 2025 to $589 million in Q2 2026, indicating that recent momentum has cooled.
High operating-cost base: Non-interest expense remains well above 2023 levels, limiting how much of the revenue improvement reaches shareholders.
Deposit outflows and cash usage: Deposits declined by $1.4 billion in Q2 2026, contributing to negative financing cash flow and a $330 million quarterly reduction in cash and equivalents.
Funding dependence: The company issued $4.65 billion of debt while repaying $3.8 billion during Q2 2026. Continued reliance on debt markets could increase interest expense and funding risk.
Share dilution remains a concern: Weighted average diluted shares were 286.5 million in Q2 2026, up from 210.0 million in Q2 2025. Buybacks reduced the share count from Q1 2026, but the year-over-year increase offset much of the earnings growth on a per-share basis.

09/13/26 10:28 PM ETAI Generated. May Contain Errors.

Columbia Banking System Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Columbia Banking System's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Columbia Banking System's net income appears to be on an upward trend, with a most recent value of $550 million in 2025, rising from $98.83 million in 2015. The previous period was $534 million in 2024. View Columbia Banking System's forecast to see where analysts expect Columbia Banking System to go next.

Over the last 10 years, Columbia Banking System's total revenue changed from $416.36 million in 2015 to $2.30 billion in 2025, a change of 452.6%.

Columbia Banking System's total liabilities were at $58.99 billion at the end of 2025, a 27.0% increase from 2024, and a 5,899,200,000,000.0% increase since 2015.

In the past 10 years, Columbia Banking System's cash and equivalents has ranged from $0.00 in 2015 to $978.13 million in 2021, and is currently $511 million as of their latest financial filing in 2025.

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Financial statements for NASDAQ:COLB last updated on 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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