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Columbia Banking System (COLB) Financials

Columbia Banking System logo
$30.64 -0.17 (-0.55%)
Closing price 04:00 PM Eastern
Extended Trading
$30.63 -0.01 (-0.03%)
As of 07:15 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Columbia Banking System

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

Quarterly Income Statements for Columbia Banking System

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

Annual Cash Flow Statements for Columbia Banking System

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

Quarterly Cash Flow Statements for Columbia Banking System

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

Annual Balance Sheets for Columbia Banking System

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

Quarterly Balance Sheets for Columbia Banking System

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

Annual Metrics And Ratios for Columbia Banking System

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		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Columbia Banking System

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 (NASDAQ: COLB) showed a solid start to 2026, but the longer-term trend still points to a bank that is working through post-merger normalization, heavier balance-sheet costs, and some pressure on core profitability.

In Q1 2026, COLB generated $192 million in net income, or $0.66 per share, down from $215 million and $0.77 per share in Q4 2025. Revenue also slipped quarter over quarter to $677 million from $717 million. Even so, the bank remained profitable and produced strong operating cash flow of $494 million.

Over the past four years, the most important story has been the transformation of the balance sheet. Total assets rose from about $20.4 billion in Q3 2022 to $66.0 billion in Q1 2026, reflecting major growth and likely merger-related expansion. At the same time, equity has grown from roughly $2.1 billion in Q3 2022 to $7.7 billion in Q1 2026, though goodwill and intangible assets remain meaningful parts of the asset base.

  • Operating cash flow was strong in Q1 2026, with $494 million from operations, showing the bank still converts earnings into cash effectively.
  • Net interest income improved versus earlier periods, reaching $594 million in Q1 2026, above $505 million in Q3 2025 and $425 million in Q1 2025.
  • Revenue held up well year over year, with Q1 2026 total revenue of $677 million above Q1 2025’s $491 million.
  • Profitability remains intact, as COLB has posted positive net income in each quarter shown since mid-2023.
  • Loan growth has been substantial over the multi-year period, with loans and leases rising to $47.7 billion in Q1 2026 from around $37.1 billion in Q1 2024.
  • Deposit balances are large, but they have been volatile, which is normal for banks yet still worth watching for funding stability.
  • The bank continues to carry significant goodwill and intangible assets, which can be a sensitivity if earnings weaken.
  • Common share counts have generally been lower in recent quarters, supporting per-share earnings even when absolute profit growth is uneven.
  • Quarterly EPS declined sequentially from $0.77 in Q4 2025 to $0.66 in Q1 2026.
  • Non-interest expense remains elevated, at $394 million in Q1 2026, including a $24 million restructuring charge.

Margin pressure is still visible. In Q1 2026, interest income was $816 million, while interest expense was $222 million. That produced net interest income of $594 million, but funding costs remain significant. Deposit interest expense alone was $184 million in the quarter, so the bank’s profitability remains highly sensitive to deposit pricing and interest-rate changes.

Credit costs also deserve attention. Provision for credit losses was $28 million in Q1 2026, slightly above $23 million in Q4 2025 and below the much higher levels seen in some earlier periods. That suggests credit performance is manageable, but not fully free of pressure.

The quarter’s cash flow statement also showed an important theme: COLB used substantial financing activity to manage its balance sheet. It issued $3.4 billion of debt and repaid $3.2 billion, while deposits declined by $722 million. That kind of activity suggests active balance-sheet management, but it also highlights dependence on wholesale funding and deposit retention.

Bottom line: Columbia Banking System looks financially stable and still profitable, with strong cash generation and a much larger asset base than a few years ago. However, rising operating costs, a still-complex post-merger balance sheet, and quarter-to-quarter swings in earnings and deposits mean investors should expect steady execution rather than smooth, linear growth.

08/24/26 07:37 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. Check out Columbia Banking System's forecast to explore projected trends and price targets.

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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