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COLB

Columbia Banking System, Inc.

COLB

Columbia Banking System, Inc. • NASDAQ
$27.72 ▼ -0.96% (-0.27)
Market Cap $5.99 B
52w High $31.35
52w Low $19.61
Dividend Yield 1.45%
P/E 12.54
Volume 1.09M
Outstanding Shares 216.16M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $817M ▲ $393M ▲ $96M ▼ 11.75% ▼ $0.4 ▼ $153.081M ▼
Q2-2025 $735.151M ▲ $277.995M ▼ $152.423M ▲ 20.734% ▲ $0.73 ▲ $236.356M ▲
Q1-2025 $713.62M ▼ $340.122M ▲ $86.609M ▼ 12.137% ▼ $0.41 ▼ $158.874M ▼
Q4-2024 $726.33M ▼ $266.576M ▼ $143.269M ▼ 19.725% ▲ $0.69 ▼ $228.572M ▼
Q3-2024 $765.055M $271.358M $146.182M 19.107% $0.7 $232.772M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $13.339B ▲ $67.496B ▲ $59.706B ▲ $7.79B ▲
Q2-2025 $2.211B ▼ $51.901B ▲ $46.56B ▲ $5.342B ▲
Q1-2025 $2.328B ▲ $51.519B ▼ $46.281B ▼ $5.238B ▲
Q4-2024 $2.082B ▼ $51.576B ▼ $46.458B ▼ $5.118B ▼
Q3-2024 $10.774B $51.909B $46.635B $5.274B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $95.968M ▼ $236.193M ▲ $1.823B ▲ $-1.659B ▼ $400.83M ▲ $258.195M ▲
Q2-2025 $152.423M ▲ $106.795M ▼ $-484.185M ▼ $246.854M ▲ $-130.536M ▼ $85.034M ▼
Q1-2025 $86.609M ▼ $122.012M ▼ $250.245M ▲ $-177.806M ▲ $194.451M ▲ $121.771M ▼
Q4-2024 $143.269M ▼ $255.848M ▲ $-122.295M ▼ $-366.32M ▼ $-232.767M ▼ $240.211M ▲
Q3-2024 $146.182M $67.22M $322.678M $-347.707M $42.191M $59.561M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Cardbased Fees
Cardbased Fees
 $30.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲
Investment Advisory Management and Administrative Service
Investment Advisory Management and Administrative Service
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Total Service Charges on Deposits
Total Service Charges on Deposits
 $40.00M ▲$20.00M ▼$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown strongly over the last few years, helped by acquisitions and a larger customer base. Profitability has recovered well from the pandemic-era loss, with earnings now clearly positive and generally moving in the right direction. Operating results, however, still show some bumps, reflecting merger integration costs and a tougher interest-rate environment. Overall, the business looks meaningfully larger and more profitable than a few years ago, but not yet in a smooth, steady state.

Balance Sheet

Balance Sheet The balance sheet has expanded materially, mainly due to mergers, turning Columbia into a sizeable regional player. Equity has grown along with total assets, which is encouraging, but leverage is higher than it used to be, meaning the bank is now running a bigger, more complex book of business. Cash holdings are solid but not excessive, so funding stability will depend heavily on deposits and access to wholesale funding. The larger scale brings diversification benefits, but also raises the importance of strong risk management and credit discipline.

Cash Flow

Cash Flow The bank consistently generates positive cash from its core operations, even in more challenging years, which signals a fundamentally cash-generative franchise. Free cash flow has also been positive and relatively steady, and capital spending needs are modest, typical for a bank that relies more on systems and people than on heavy physical assets. That said, year-to-year swings in operating cash show that working capital and balance sheet movements can meaningfully affect reported cash flow, especially during periods of merger activity and shifting interest rates.

Competitive Edge

Competitive Edge Columbia now operates as a leading regional bank in the Western U.S., with a strong presence across multiple states and a particular focus on small and mid-sized businesses. Its edge comes from a relationship-driven model backed by the scale gained through recent mergers, plus some niche strengths such as homeowners association banking and specialized lending. This mix gives it more depth than a typical community bank but more local feel and flexibility than many national players. The main competitive pressures come from larger banks with deeper resources and digital-first competitors, as well as the ongoing challenge of integrating multiple legacy institutions into a single cohesive brand and platform.

Innovation and R&D

Innovation and R&D Rather than trying to be a disruptive fintech, Columbia is using technology to upgrade and streamline traditional banking. Its partnership with a leading cloud banking platform to modernize lending is a good example of “buy, not build” innovation, allowing faster loan decisions and better customer experience without reinventing the wheel. The bank offers a solid suite of digital services for businesses and is selectively investing in areas like artificial intelligence and real-time payments, though it is not at the cutting edge. Future value from innovation will depend on smooth integration of all acquired systems, continued enhancement of digital tools, and intelligent use of data to personalize services and manage risk.

Summary

Columbia Banking System has evolved into a much larger regional bank with improving profitability, solid cash generation, and a growing set of specialized services. The combination of relationship banking, broader scale, and targeted technology investments gives it a credible position against both local and national competitors. Key opportunities lie in capturing merger synergies, deepening relationships with business clients, and further monetizing niche capabilities like HOA and specialized lending. Key risks include integration execution, credit quality in a slower economy, sensitivity to interest-rate swings, and intense competition for deposits and talent. Overall, this is a bank in the midst of a transition from community-focused roots to a more complex regional platform, with both upside and execution risk embedded in that shift.

NEWS

November 14, 2025 · 8:15 AM UTC

Columbia Banking System Announces Increase to Common Share Dividend

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November 6, 2025 · 8:55 AM UTC

HOLDCO ASSET MANAGEMENT RELEASES PRESENTATION TO COLUMBIA BANKING SYSTEM, INC.

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October 30, 2025 · 4:12 PM UTC

Columbia Banking System Announces CFO Transition

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October 30, 2025 · 4:02 PM UTC

COLUMBIA BANKING SYSTEM, INC. REPORTS THIRD QUARTER 2025 RESULTS

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October 29, 2025 · 7:30 AM UTC

HOLDCO ASSET MANAGEMENT RELEASES PRESENTATION PREVIOUSLY PROVIDED TO THE BOARD OF DIRECTORS OF COLUMBIA BANKING SYSTEM, INC. ON SEPTEMBER 14, 2025

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