NASDAQ : COLB
Columbia Banking System, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 30.7 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 8.48B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 2.79B | 2.46B | 2.32B | 2.11B | 1.05B | 890.51M |
| Interest Income on Investments | 528.00M | 458.00M | 435.00M | 425.00M | 97.76M | 71.53M |
| Total Interest Income | 3.32B | 2.92B | 2.75B | 2.54B | 1.15B | 962.04M |
| Interest Paid on Deposits | 723.00M | 747.00M | 803.00M | 462.00M | 48.20M | 27.15M |
| Interest Paid on Borrowings | 168.00M | 166.00M | 234.00M | 284.00M | 29.81M | 15.24M |
| Total Interest Expense | 891.00M | 913.00M | 1.04B | 746.00M | 78.00M | 42.40M |
| Net Interest Income | 2.42B | 2.00B | 1.72B | 1.79B | 1.07B | 919.65M |
| Mortgage Banking Activities | 35.00M | 31.00M | 24.00M | 17.00M | 106.86M | 186.81M |
| Gain (Loss) on Sale of Investments | -7.00M | 6.00M | 2.00M | -7.10M | -1.50M | |
| Other Non-Interest Income | 161.00M | 107.00M | 71.00M | 57.00M | 7.33M | 77.09M |
| Total Non-Interest Income | 341.00M | 298.00M | 211.00M | 204.00M | 199.53M | 356.32M |
| Revenues Before Loan Losses | 2.77B | 2.30B | 1.93B | 2.00B | 1.27B | 1.28B |
| Provision for Loan Losses | 111.00M | 150.00M | 106.00M | 213.00M | 84.02M | -42.65M |
| Revenue | 2.65B | 2.15B | 1.82B | 1.78B | 1.19B | 1.32B |
| Salaries and Employee Benefits | 751.00M | 639.00M | 569.00M | 598.00M | 431.47M | 469.91M |
| Occupancy Expenses | 225.00M | 180.00M | 151.00M | 148.00M | 110.12M | 109.85M |
| Federal Deposit Insurance | 30.00M | 28.00M | 42.00M | 71.00M | 13.96M | 9.24M |
| Amortization of Goodwill & Intangibles | 159.00M | 127.00M | 119.00M | 111.00M | 4.09M | 4.52M |
| Selling, General & Administrative | 155.00M | 155.00M | 129.00M | 133.00M | 106.37M | 106.35M |
| Other Non-Interest Expense | 156.00M | 91.00M | 70.00M | 80.00M | 51.57M | 45.40M |
| Total Non-Interest Expense | 1.48B | 1.22B | 1.08B | 1.14B | 717.59M | 745.27M |
| EBT Excluding Unusual Items | 1.18B | 931.00M | 743.00M | 643.00M | 467.93M | 573.34M |
| Legal Settlements | -55.00M | |||||
| Pretax Income | 1.10B | 728.00M | 719.00M | 471.00M | 450.58M | 558.16M |
| Income Tax Expense | 269.00M | 178.00M | 185.00M | 122.00M | 113.83M | 137.86M |
| Net Income | 835.00M | 550.00M | 534.00M | 349.00M | 336.75M | 420.30M |
| Preferred Dividends & Other Adjustments | 1.00M | 1.00M | ||||
| Net Income to Common | 834.00M | 549.00M | 534.00M | 349.00M | 336.75M | 420.30M |
| Basic Shares Outstanding | 287.85M | 238.02M | 208.46M | 195.30M | 129.28M | 130.50M |
| Diluted Shares Outstanding | 289.02M | 239.12M | 209.34M | 195.87M | 129.73M | 131.03M |
| EPS (Basic) | 2.90 | 2.31 | 2.56 | 1.79 | 2.60 | 3.22 |
| EPS (Diluted) | 2.88 | 2.30 | 2.55 | 1.78 | 2.60 | 3.21 |
| Dividend Per Share | 0.36 | 1.45 | 1.44 | 1.43 | 1.40 | 1.41 |
| Effective Tax Rate | 24.37% | 24.45% | 25.73% | 25.90% | 25.26% | 24.70% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.74B | 2.36B | 1.87B | 2.16B | 1.28B | 2.76B |
| Investment Securities | 2.85B | 3.40B | 2.75B | 2.84B | 1.42B | 1.48B |
| Trading Asset Securities | 84.00M | 109.00M | 38.09M | 15.44M | 177.42M | |
| Mortgage-Backed Securities | 8.22B | 8.18B | 5.83B | 6.28B | 1.99B | 2.62B |
| Total Investments | 11.08B | 11.67B | 8.69B | 9.16B | 3.43B | 4.28B |
| Gross Loans | 46.91B | 48.53B | 38.17B | 38.04B | 26.20B | 22.60B |
| Allowance for Loan Losses | -462.00M | -466.00M | -425.00M | -440.87M | -301.13M | -248.41M |
| Other Adjustments to Gross Loans | -755.00M | -491.00M | -600.93M | -47.67M | -51.06M | |
| Net Loans | 46.45B | 47.31B | 37.26B | 37.00B | 25.85B | 22.30B |
| Property, Plant & Equipment | 421.00M | 576.00M | 460.00M | 454.78M | 254.61M | 253.49M |
| Goodwill | 1.48B | 1.48B | 1.03B | 1.03B | ||
| Other Intangible Assets | 595.00M | 712.00M | 484.00M | 603.68M | 4.75M | 8.84M |
| Loans Held for Sale | 45.00M | 262.00M | 72.00M | 30.71M | 71.65M | 353.11M |
| Accrued Interest Receivable | 232.00M | 181.00M | 189.00M | 97.40M | 70.54M | |
| Other Receivables | 46.69M | |||||
| Restricted Cash | 16.00M | 7.00M | 5.10M | 10.50M | 4.00M | |
| Other Current Assets | 34.38M | |||||
| Long-Term Deferred Tax Assets | 353.00M | 359.00M | 347.20M | 132.82M | ||
| Other Real Estate Owned & Foreclosed | 5.00M | 2.00M | 3.00M | 1.87M | ||
| Other Long-Term Assets | 3.32B | 1.85B | 1.17B | 1.20B | 707.16M | 524.12M |
| Total Assets | 65.14B | 66.83B | 51.58B | 52.17B | 31.85B | 30.64B |
| Interest Bearing Deposits | 35.23B | 35.11B | 27.21B | 26.32B | 16.19B | 15.09B |
| Institutional Deposits | 1.68B | 1.20B | 1.03B | 582.84M | 480.43M | |
| Non-Interest Bearing Deposits | 17.51B | 17.42B | 13.31B | 14.26B | 10.29B | 11.02B |
| Total Deposits | 52.74B | 54.21B | 41.72B | 41.61B | 27.07B | 26.59B |
| Short-Term Borrowings | 165.00M | 386.00M | 518.00M | 513.21M | 579.97M | 501.92M |
| Current Portion of Long-Term Debt | 3.30B | 3.20B | 3.10B | |||
| Current Portion of Leases | 47.00M | |||||
| Long-Term Debt | 343.00M | |||||
| Federal Home Loan Bank Debt, Long-Term | 3.95B | 906.17M | 6.33M | |||
| Long-Term Leases | 119.00M | 126.00M | 130.58M | 91.69M | 95.43M | |
| Trust Preferred Securities | 353.00M | 435.00M | 439.00M | 424.33M | 411.45M | 381.12M |
| Pension & Post-Retirement Benefits | 71.00M | 65.00M | 68.32M | 26.17M | 28.38M | |
| Long-Term Deferred Tax Liabilities | 4.35M | |||||
| Other Long-Term Liabilities | 1.16B | 523.00M | 489.00M | 485.10M | 287.74M | 279.45M |
| Total Liabilities | 58.06B | 58.99B | 46.46B | 47.18B | 29.37B | 27.89B |
| Common Stock | 7.51B | 8.10B | 5.82B | 5.80B | 3.45B | 3.44B |
| Retained Earnings | 276.00M | -26.00M | -237.00M | -467.57M | -543.80M | -697.34M |
| Comprehensive Income & Other | -708.00M | -233.00M | -462.00M | -340.14M | -426.86M | 1.76M |
| Shareholders' Equity | 7.08B | 7.84B | 5.12B | 5.00B | 2.48B | 2.75B |
| Total Liabilities & Equity | 65.14B | 66.83B | 51.58B | 52.17B | 31.85B | 30.64B |
| Total Debt | 4.16B | 4.19B | 4.18B | 5.02B | 1.99B | 984.80M |
| Net Cash (Debt) | -2.42B | -1.74B | -2.20B | -2.82B | -689.71M | 1.95B |
| Net Cash Per Share | -8.39 | -7.27 | -10.52 | -14.41 | -5.32 | 14.88 |
| Filing Date Shares Outstanding | 276.33M | 295.55M | 209.65M | 208.63M | 129.32M | 129.07M |
| Total Common Shares Outstanding | 276.33M | 295.42M | 209.54M | 208.58M | 129.32M | 129.07M |
| Book Value Per Share | 25.62 | 26.54 | 24.43 | 23.95 | 19.18 | 21.30 |
| Tangible Book Value | 5.00B | 5.65B | 3.60B | 3.36B | 2.48B | 2.74B |
| Tangible Book Value Per Share | 18.10 | 19.11 | 17.20 | 16.12 | 19.14 | 21.23 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 550.00M | 534.00M | 349.00M | 336.75M | 420.30M | |
| Depreciation & Amortization | 141.00M | 150.00M | 144.00M | 28.30M | 31.50M | |
| Gain (Loss) on Sale of Assets | -7.00M | -3.00M | -31.00M | -2.75M | -574.00K | |
| Gain (Loss) on Sale of Investments | -98.00M | -78.00M | -70.00M | 13.70M | 15.91M | |
| Provision for Credit Losses | 165.00M | 106.00M | 213.00M | 84.02M | -42.65M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 106.00M | -36.00M | 161.00M | 237.08M | 205.81M | |
| Change in Other Net Operating Assets | -154.00M | -40.00M | -119.00M | 399.76M | 143.77M | |
| Other Operating Activities | 25.00M | 11.00M | 15.00M | -54.22M | 2.05M | |
| Operating Cash Flow | 746.00M | 659.00M | 670.00M | 1.07B | 662.72M | |
| Capital Expenditures | -40.00M | -36.00M | -27.09M | -15.48M | ||
| Sale of Property, Plant and Equipment | 41.00M | |||||
| Cash Acquisitions | 874.00M | 274.00M | ||||
| Investment in Securities | 369.00M | 482.00M | 769.00M | 119.29M | -1.07B | |
| Purchase / Sale of Intangibles | 57.00M | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 883.00M | -371.00M | -587.00M | -3.60B | -488.75M | |
| Other Investing Activities | 86.00M | 39.00M | -52.00M | -29.78M | 36.85M | |
| Investing Cash Flow | 2.17B | 114.00M | 502.00M | -3.53B | -1.53B | |
| Short-Term Debt Issued | 116.86M | |||||
| Long-Term Debt Issued | 11.68B | 4.90B | 17.35B | 1.65B | ||
| Total Debt Issued | 11.68B | 4.90B | 17.35B | 1.65B | 116.86M | |
| Short-Term Debt Repaid | -30.00M | -16.00M | -141.00M | -183.48M | ||
| Long-Term Debt Repaid | -11.59B | -5.75B | -16.59B | -750.00M | -765.00M | |
| Total Debt Repaid | -11.62B | -5.77B | -16.73B | -933.48M | -765.00M | |
| Net Debt Issued (Repaid) | 60.00M | -866.00M | 622.00M | 716.52M | -648.14M | |
| Issuance of Common Stock | 3.00M | 1.00M | 54.00K | 34.00K | ||
| Repurchase of Common Stock | -109.00M | -6.00M | -6.00M | -4.16M | -80.69M | |
| Common Dividends Paid | -335.00M | -300.00M | -270.00M | -182.27M | -183.73M | |
| Net Increase (Decrease) in Deposit Accounts | -2.04B | 114.00M | -651.00M | 470.94M | 1.97B | |
| Financing Cash Flow | -2.42B | -1.06B | -304.00M | 1.00B | 1.06B | |
| Net Cash Flow | 502.00M | -285.00M | 868.00M | -1.47B | 188.44M | |
| Free Cash Flow | 706.00M | 623.00M | 670.00M | 1.04B | 647.25M | |
| Free Cash Flow Margin | 32.82% | 34.17% | 37.56% | 87.55% | 49.09% | |
| Free Cash Flow Per Share | 2.95 | 2.98 | 3.42 | 8.00 | 4.94 | |
| Cash Interest Paid | 930.00M | 1.08B | 693.00M | 71.21M | 42.82M | |
| Cash Income Tax Paid | 123.00M | 101.00M | 139.00M | 71.80M | 105.12M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.63B | 8.36B | 5.66B | 5.56B | 3.87B | 4.17B |
| Last Close Price | 31.24 | 26.94 | 24.63 | 22.80 | 23.99 | 24.68 |
| PE Ratio | 10.85 | 15.23 | 10.60 | 15.95 | 11.51 | 9.92 |
| PS Ratio | 3.25 | 3.89 | 3.10 | 3.12 | 3.27 | 3.16 |
| PB Ratio | 1.22 | 1.07 | 1.11 | 1.11 | 1.56 | 1.52 |
| P/FCF Ratio | 6.83 | 11.84 | 9.08 | 8.31 | 3.73 | 6.44 |
| P/OCF Ratio | 6.61 | 11.21 | 8.59 | 8.31 | 3.64 | 6.29 |
| Debt / Equity Ratio | 0.59 | 0.53 | 0.82 | 1.00 | 0.80 | 0.36 |
| Debt / FCF Ratio | 5.93 | 6.71 | 7.49 | 1.92 | 1.52 | |
| Net Debt / Equity Ratio | 0.34 | 0.22 | 0.43 | 0.56 | 0.28 | -0.71 |
| Net Debt / FCF Ratio | 2.46 | 3.54 | 4.21 | 0.66 | -3.01 | |
| Return on Equity (ROE) | 11.23% | 8.49% | 10.56% | 9.34% | 12.88% | 15.41% |
| Return on Assets (ROA) | 1.26% | 0.93% | 1.03% | 0.83% | 1.08% | 1.40% |
| Earnings Yield | 9.22% | 6.58% | 9.44% | 6.27% | 8.69% | 10.08% |
| FCF Yield | 14.64% | 8.45% | 11.01% | 12.04% | 26.79% | 15.53% |
| Dividend Yield | 4.74% | 5.12% | 5.33% | 5.36% | 4.67% | 4.37% |
| Payout Ratio | 51.41% | 60.91% | 56.18% | 77.36% | 54.13% | 43.71% |
| Buyback Yield / Dilution | -33.07% | -14.23% | -6.88% | -50.98% | 0.99% | 0.13% |
| Total Shareholder Return | -28.33% | -9.10% | -1.54% | -45.62% | 5.66% | 4.50% |