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Columbia Banking System, Inc.

Columbia Banking System, Inc.

NASDAQ•COLB
CEO: Mr. Cort Lane O'Haver
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1992-06-16
Columbia Banking System, Inc. operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions. It also provides commercial lending products, such as commercial lines of credit and term loans, accounts receivable and inventory financing, international trade finance, commercial property loans, multifamily loans, equipment loans, commercial equipment leases, real estate construction loans and permanent financing, and small business administration program financing, as well as capital markets. In addition, the company offers wealth management comprising financial planning, investment, trust, and insurance; treasury management, which includes digital and mobile banking solutions, ACH, wires, positive pay, remote deposit capture, integrated payments, integrated receivables, lockbox, cash vault, real-time payments, commercial card, and foreign exchange and international banking related products, as well as merchant services; and brokerage services, residential real estate loans and consumer loans. It serves its products to corporate, institutional, small business, and individual customers. The company was founded in 1953 and is headquartered in Tacoma, Washington.
Contact Information
1301 A Street, Suite 800 P.O. Box 2156, Tacoma, WA, 98402-4200, United States
253-305-1900
www.columbiabankingsystem.com
Market Cap
$5.82B
P/E (TTM)
13.4
14.1
Dividend Yield
5.3%
52W High
$32.85
52W Low
$19.61
52W Range
55%
4.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$740.00M-3.28%
4-Quarter Trend

EPS

$0.40-42.86%
4-Quarter Trend

FCF

$258.20M+333.50%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Acquisition Integration Progress Completed Pacific Premier acquisition ($2.4B value) on 8/31/2025; Q3 includes one month combined results. Goodwill recorded was $452M.
Net Interest Margin Expansion Q3 NIM reached 3.84% (tax-equivalent), up 9 bps from prior quarter, driven by lower funding costs and deposit mix shift.
Loan Portfolio Growth Total loans and leases grew $10.8B since year-end, reaching $48.5B, largely due to Pacific Premier acquisition assets.
Capital Ratios Strengthened Consolidated CET1 ratio improved to 11.62% (up from 10.54% Y/E 2024), supporting strong regulatory standing.

Risk Factors

Integration Execution Risk Realizing anticipated acquisition synergies may be difficult, costly, or take longer than expected, risking cost savings realization.
Credit Quality Deterioration ACL increased $51M to $492M, reflecting loan growth and updated economic forecasts, especially concerning CRE concentrations.
Interest Rate Sensitivity EVE analysis shows liability sensitivity; sustained rate increases could decrease Economic Value of Equity (EVE) significantly.
Personnel Retention Challenges Failure to retain key Pacific Premier talent could disrupt operations, cause customer loss, and increase recruitment costs.

Outlook

Elevated Merger Expenses Merger and restructuring expenses expected to remain elevated through Q1 2026 during system integration efforts.
ACL Model Sensitivity ACL remains sensitive to macroeconomic variables; models project higher unemployment and lower GDP growth for 2026.
Capital Return Strategy New $700M share repurchase program authorized through November 2026, supporting shareholder value optimization.
Deposit Cost Management Expect continued focus on managing deposit costs, targeting lower wholesale funding contribution like FHLB advances.

Peer Comparison

Revenue (TTM)

Valley National BancorpVLY
$3.32B
-6.7%
Columbia Banking System, Inc.COLB
$2.92B
-2.8%
Bank OZKOZK
$2.80B
+2.5%

Gross Margin (Latest Quarter)

Home Bancshares, Inc. (Conway, AR)HOMB
98.0%
+34.8 pp
Hancock Whitney CorporationHWC
72.4%
+6.2 pp
Glacier Bancorp, Inc.GBCI
70.2%
+7.1 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
VLY$6.03B12.16.7%5.4%
COLB$5.82B13.48.1%4.6%
FNB$5.68B11.27.8%9.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+0.6%
Moderate Growth
4Q Net Income CAGR
-12.5%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $740.00M-3.3%
    |
    EPS: $0.40-42.9%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $735.15M-1.1%
    |
    EPS: $0.73+25.9%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $713.62M-2.7%
    |
    EPS: $0.41-31.7%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 25, 2025|
    Revenue: $2.97B+8.1%
    |
    EPS: $2.56+43.0%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 5, 2024|
    Revenue: $765.06M+3.4%
    |
    EPS: $0.70+7.7%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 6, 2024|
    Revenue: $743.48M+3.9%
    |
    EPS: $0.58-9.4%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $733.34M+38.2%
    |
    EPS: $0.60-766.7%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 27, 2024|
    Revenue: $2.74B+103.6%
    |
    EPS: $1.79+15.5%
    Beat