📈 Price History

Ratio Health

— Excellent

— Good

— Average

— Poor

By Category

📊 Peer Medians

About

Columbia Banking System, Inc. operates as the bank holding company for Columbia 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, insured cash sweep and other investment sweep solutions, and certificates of deposit. 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, permanent financing, small business administration program financing, and capital markets services. In addition, the company offers wealth management, comprising financial planning, investment, trust, insurance, and private banking solutions, as well as 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, foreign exchange, trade and supply chain finance, international banking related products, and merchant services. Further, it provides residential real estate loans and consumer loans. The company serves corporate, institutional, small business, and individual customers in the United States. Columbia Banking System, Inc. was founded in 1953 and is based in Tacoma, Washington.

Key Ratios Snapshot

📈 Growth Pattern

⚡ Latest Quarter —

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📊 Quick Scorecard

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⭐ Superinvestors Holding COLB

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Manager	Shares	Value	% of Fund	Period
Steve Cohen Point72 Asset Management	365.1K	$10.0M	0.01%	Mar 2026
Jim Simons Renaissance Technologies LLC	141.4K	$3.9M	0.01%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management uses positive specific language (e.g., 'solid performance', 'operating results are up 14%', 'disciplined approach') and provides concrete numbers like NIM expansion of 15 bps, operating PPNR up 14% QoQ, and core fee income growth.

Q3 2025

Confident Specific

Management repeatedly emphasizes consistent, repeatable top-quartile performance, strong momentum from the Pacific Premier acquisition, and a clear path to delivering shareholder value through a new $700M buyback. Specific figures (e.g., 12% PP&R growth, 30% new customer deposits, 1.7% tangible book dilution) are provided to back claims.

Q4 2025

Confident Specific

Management repeatedly used positive language such as 'strong end to a tremendous year', 'consistent and repeatable financial results', 'top quartile, top decile performance', and provided specific figures for margin, cost savings, and capital return. The tone was direct and upbeat throughout.

Q1 2026 latest

Confident Specific

Clint Stein stated 'Our first quarter results reflected continued execution against the same core priorities we have previously outlined...' and provided specific figures like $200 million buybacks, $1.2 billion loan originations, and net interest margin expansion.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is strengthened by this call. Management demonstrated consistent execution on balance sheet optimization and cost savings, with tangible results in net interest margin and expense control. The strong capital return ($200 million in buybacks) signals confidence in intrinsic value and supports EPS growth. Key watch items include the pace of transactional loan runoff and replacement with relationship-based lending, the trajectory of net interest margin expansion, and the realization of remaining cost synergies. Also important is any further clarity on regulatory capital relief, which could provide additional optionality. Next quarter, investors should focus on NIM crossing above 4% and expense trends toward the lower end of guidance.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Columbia Banking System Q1 2026 EPS $0.66, operating EPS $0.72, NIM 3.96%.

Revenue & Profitability

For Q1 2026, GAAP EPS was $0.66 and operating EPS was $0.72. Operating net income increased 50% year-over-year, and pre-provision net revenue rose 45%. Net interest margin was 3.96% at March 31, 2026. The company returned $200 million to shareholders through share repurchases during the quarter and recorded a $28 million provision for credit losses.

Outlook

Management expects net interest margin to cross 4% in Q2 2026 and continue to expand modestly through the year. The balance sheet size is expected to remain relatively stable, with commercial loan growth offsetting transactional loan runoff. The company remains neutral to interest rate movements and does not require net balance sheet growth to achieve EPS and ROTCE objectives. Loan and deposit pipelines are healthy.

Growth Drivers

Loan originations of $1.2 billion were up 38% year-over-year, driven by strong C&I production across the footprint, including Pacific Northwest, Southern California, and de novo markets (Scottsdale, Denver, Utah). Retail and small business deposit campaigns generated $450 million in new balances through mid-April. Core fee income grew significantly from trust, treasury management, and commercial card services.

Balance Sheet & CapEx

Not discussed in this earnings call.

Margins

Net interest margin was 3.96% in Q1 2026, with Q2 expected to see a modest increase above 4% as the low-water mark. Operating non-interest expense was $328 million (excluding $41 million CDI amortization), below guided range due to earlier synergy realization. Q2 operating expense is guided at $335-$345 million, then declining to $330-$335 million in the second half of 2026. ROAA was 1.3% and ROTCE exceeded 15%.

Key Risks

Credit risks include a modest uptick in ag-related net charge-offs and non-performing assets, particularly in the hop industry, though management described it as an isolated casualty. Seasonal deposit pressure in Q1 increased reliance on wholesale funding on an average basis, but period-end wholesale funding declined. Macroeconomic headlines and interest rate uncertainty could impact the industry, but the bank believes its fundamentals warrant differentiation.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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🔎 See cross-company document search → ?

📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-23

Second quarter results featured strong commercial loan production, robust fee income growth, and disciplined expense management, with net interest margin expected to exceed 4% in Q3. Over $300 million was returned to shareholders, and capital ratios remain strong.

Q1 2026 Q1 2026 2026-04-23

First quarter results showed strong EPS growth, margin expansion, and robust capital return, driven by successful integration of Pacific Premier, disciplined expense management, and stable credit quality. Balance sheet optimization and relationship-based lending support a positive outlook for 2026.

Q4 2025 Q4 2025 2026-01-22

Fourth quarter and full-year 2025 results were strong, driven by the Pacific Premier Bank acquisition, margin expansion, and disciplined expense management. Net interest margin rose to 4.06%, with robust capital ratios and continued focus on operational efficiency and shareholder returns.

Q3 2025 Q3 2025 2025-10-30

Closed the Pacific Premier Bancorp acquisition, expanding to $68B in assets and launching a $700M share repurchase. Q3 saw strong profitability, 18.2% ROTCE, 3.84% NIM, and robust loan and deposit growth, with continued focus on balance sheet optimization and cost synergies.

Q2 2025 Q2 2025 2025-07-24

Second quarter results showed 14% year-over-year operating growth, margin expansion, and strong fee income momentum. Pacific Premier acquisition integration is on track, with capital ratios and profitability expected to improve further.

📊 Analysis Methodology

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Investment Risk:
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