Columbia Banking System

Columbia Banking System, Inc. is a bank holding company, which engages in the provision of financial services. It specializes in personal, business, and wealth management. It offers checking and savings accounts, debit and credit cards, digital banking, personal loans, home loans, foreign currency, professional banking, treasury management, merchant card services, international banking, financial services, private banking, and trust and investment services. The company was founded in 1988 and is headquartered in Tacoma, WA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Columbia Banking System excels in 2022, eyes growth through Umpqua merger

Columbia Banking System's exceptional 2022 performance, successful merger progress, and strong credit metrics position the company for continued growth and financial stability.
Despite challenges such as deposit outflows and potential interest rate impacts, proactive portfolio management and strategic communication strategies mitigate risks and drive opportunities for growth.
With a focus on integration, client relationships, and risk management, Columbia Banking System is poised to navigate market dynamics effectively and capitalize on growth prospects in the future.

Columbia Banking System (COLB) excels in Q1 post-merger integration

Columbia Banking System (COLB) delivered a strong performance in Q1 2023, driven by a transformative merger, stable credit outlook, and strategic initiatives to expand market presence. The company's focus on regulatory capital targets, cost savings, and deposit growth positions it well for future growth and success.

Columbia Banking System surpasses cost synergy targets, eyes growth opportunities

Columbia Banking System (COLB) showcased strong performance in cost synergies, loan portfolio management, and strategic initiatives, positioning the company for sustainable growth.
While facing challenges such as FDIC expenses and market volatility, the company's focus on efficiency, risk management, and customer-centric strategies underpins its resilience.
Opportunities in C&I lending, branch expansion, and relationship banking offer avenues for revenue growth, market expansion, and operational optimization.
Overall, Columbia Banking System (COLB) demonstrates a strategic focus on enhancing operational efficiency, customer experience, and revenue diversification to drive long-term success.

Columbia Banking System surpasses cost savings target, faces delinquency challenges

Columbia Banking System exceeded cost synergy targets, improved regulatory capital position, and focused on efficient growth.
Despite challenges in delinquency rates and struggling borrowers, opportunities lie in deposit growth and disciplined lending.
The company's performance in Q3 showcases resilience and strategic focus on enhancing shareholder value.
Opportunities exist to navigate challenges and drive growth through talent investment and customer deposit focus.

Columbia Banking System (COLB) navigates challenges, eyes growth opportunities

COLB's Q4 2023 performance reflects challenges from external factors but also highlights strategic strengths in cost synergies, capital management, and growth opportunities. The company's focus on maintaining financial stability, dividend consistency, and organic growth aligns with shareholder priorities.

Columbia Banking System posts strong Q1 results amidst growth plans

COLB's Q1 performance reflects solid earnings and operational efficiency post-merger, with a focus on cost savings and maintaining service levels.
Challenges include margin pressure, low loan growth expectations, and increased nonperforming assets, while opportunities lie in fee income growth and market expansion.
The company's strategic focus on operational excellence, expense optimization, and top quartile performance underscores its commitment to financial stability and growth.

Columbia Banking System excels in Q2 performance, eyes growth opportunities

Columbia Banking System delivered strong financial performance in Q2 2024, with notable achievements in expense reduction, revenue diversification, and operational efficiency. The company's focus on optimizing financial performance and driving long-term shareholder value underpins its strategic direction.
While facing challenges in maintaining expense discipline and managing credit risk, Columbia Banking System remains well-positioned to capitalize on opportunities for growth and profitability. Strategic investments in franchise reinvestment and core fee income expansion signal a commitment to sustainable value creation.
By balancing cost control measures with growth initiatives and adapting to industry dynamics, Columbia Banking System can navigate challenges and leverage opportunities to strengthen its competitive position in the financial services sector.

Columbia Banking System reports solid Q3 earnings and expansion plans

Columbia Banking System's Q3 performance showcased strong expense management and solid earnings. While facing challenges in loan balances and margin dynamics, the company is strategically positioned for growth through expansion and deposit generation. Analyst inquiries reflect interest in core operational aspects and future strategic moves.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Columbia Banking System, Inc. is a bank holding company, which engages in the provision of financial services. It offers its services to small and medium-sized businesses, professionals, and individuals. It operates through the Washington, Oregon, Idaho, and California geographical segments. The company was founded in 1993 and is headquartered in Tacoma, WA.

Columbia Banking System fell short of analyst expectations in what the CEO described as a "noisy" quarter. Going forward, Columbia will focus on driving additional synergies and shareholder value from its merger with Umpqua Bank.

Why Columbia Banking System Stock Plunged Today

Columbia Banking System, Inc. (COLB) Q4 2023 Earnings Call Transcript

The headline numbers for Columbia Banking (COLB) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Columbia Banking (COLB) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Fourth Quarter 2023 Results Net income of $94 million, or $0.45 per diluted common share Operating net income of $91 million, or $0.44 per diluted common share1 Consolidated asset balances of $52 billion at quarter end Loan balances of $37 billion and deposit balances of $42 billion at quarter end Estimated CET1 and total capital ratios of 9.6% and 11.8% at quarter end TACOMA, Wash. , Jan. 24, 2024 /PRNewswire/ -- COLUMBIA BANKING SYSTEM, INC.

COLUMBIA BANKING SYSTEM, INC. REPORTS FOURTH QUARTER 2023 RESULTS

Besides Wall Street's top -and-bottom-line estimates for Columbia Banking (COLB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

Seeking Clues to Columbia Banking (COLB) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics

Columbia Banking (COLB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Columbia Banking (COLB) Expected to Beat Earnings Estimates: Should You Buy?

Columbia Banking System (COLB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Columbia Banking System (COLB)

TACOMA, Wash. , Dec. 29, 2023 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia" Nasdaq: COLB), parent company of Umpqua Bank, today announced it will release fourth quarter 2023 financial results on Wednesday, January 24, 2024, after market close.

Columbia Banking System Announces Date of Fourth Quarter 2023 Earnings Release and Conference Call

Citizens Financial Group

Civitas Resources

Comerica

Clearway Energy

Guess?

Lincoln National

Organon & Co

AT&T

Uniti Group

Whirlpool

Investors have different approaches to stock dividends. Some have no interest in current income and would prefer companies to focus on growing their businesses, rather than distributing cash to shareholders.

11 dividend stocks with high yields expected to be well supported in 2024 per strict criteria

Bank honors combined legacies and commitments to local communities across the western region LAKE OSWEGO, Ore. , Dec. 15, 2023 /PRNewswire/ -- Umpqua Bank and parent company Columbia Banking System (Nasdaq: COLB) today announced the nonprofit recipients of $1 million in local grants to mark their respective 70th and 30th anniversaries, including $700K to organizations in honor of their longstanding presence in the historic communities of South Puget Sound, Portland Metro and Douglas County Oregon.

Umpqua Bank and Parent Company Columbia Banking System Celebrate Anniversaries with $1M in Grants for Local Nonprofits

Columbia Banking (COLB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Columbia Banking (COLB) Surges 6.1%: Is This an Indication of Further Gains?

LAKE OSWEGO, Ore. , Nov. 27, 2023 /PRNewswire/ -- Umpqua Bank today announced the launch of its Warm Hearts Winter Drive, an associate-driven campaign to support individuals and families who struggle with access to housing and other basic resources.

Umpqua Bank Launches Warm Hearts Winter Drive, Mobilizes Thousands of Associates across the West to Support Neighbors in Need

Bank bolsters focus on wine industry with addition of commercial and private banking leaders LAKE OSWEGO, Ore. , Oct. 31, 2023 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), announced today the addition of two wine industry banking experts to lead the bank's North Coast Wine Specialty Group.

Umpqua Bank Hires Corey Dahline and Greg Newhall to Lead and Expand North Coast Wine Specialty Group

Addition of retail banking and depository services follows commercial lending expansion in 2022 South Jordan location to support the depository and full banking needs of businesses and consumers across Salt Lake City Metro Area LAKE OSWEGO, Ore. , Oct. 26, 2023 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc., (Nasdaq: COLB) announced today the official opening of its first retail branch in Utah as part of the bank's continued expansion throughout the western U.S. Located in South Jordan, Utah and within the greater Salt Lake City Metropolitan Area, the branch serves as a centralized hub to support the deposit and banking needs of consumers and businesses in the surrounding communities of Salt Lake County.

Umpqua Bank Opens First Retail Branch in Utah

Columbia came through with strong third quarter results on an adjusted basis, including stronger net interest margin and better operating cost leverage. On the negative side, credit losses are growing in the leasing book, the office portfolio is large (though different than typical office portfolios), and unrealized security losses are significant. The bank's low-cost deposit base, synergy between small business and middle-market lending operations, cost leverage, and attractive geographic footprint support a bullish case.

Columbia Bank Getting Far Less Credit Than It Should

Columbia Banking System, Inc. (NASDAQ:COLB ) Q3 2023 Earnings Conference Call October 18, 2023 5:00 PM ET Company Participants Jacque Bohlen - Investor Relations Director Clint Stein - President and Chief Executive Officer Ron Farnsworth - Chief Financial Officer Frank Namdar - Chief Credit Officer Chris Merrywell - President, Umpqua Bank Tory Nixon - President, Umpqua Bank Conference Call Participants Jeff Rulis - D.A. Davidson David Feaster - Raymond James Timur Braziler - Wells Fargo Brody Preston - UBS Chris McGratty - KBW Jon Arfstrom - RBC Capital Markets Andrew Terrell - Stephens Matthew Clark - Piper Stanley Operator Thank you for standing by.

Columbia Banking System, Inc. (COLB) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Columbia Banking (COLB) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Columbia Banking (COLB) Q3 Earnings

Columbia Banking (COLB) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.86 per share a year ago.

Columbia Banking (COLB) Surpasses Q3 Earnings and Revenue Estimates

Columbia Banking (COLB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Columbia Banking (COLB) Might Surprise This Earnings Season

TACOMA, Wash. , Sept. 29, 2023 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia" Nasdaq: COLB), parent company of Umpqua Bank, today announced it will release third quarter 2023 financial results on Wednesday, October 18, 2023, after market close.

Columbia Banking System Announces Date of Third Quarter 2023 Earnings Release and Conference Call

Business leaders focused on efficiency, reducing uncertainty, protecting working capital 74% focused on digitization to become more efficient 60% investing in tools to protect payments systems 57% of middle market businesses likely to bring supply chains back to U.S. Cybersecurity surpasses talent issues as a top middle market company concern LAKE OSWEGO, Ore., Sept. 19, 2023 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), today announced the findings of its annual Business Barometer ― an in-depth study of the mood, mindset, and strategic priorities of small and middle market businesses across the U.S. While concerns about the direction of the economy persist, business optimism is rising, and expectations for revenue and profitability are increasing.

Umpqua Bank 2023 Business Barometer: Optimism, Expectations for Revenue and Profitability Rise Despite Lingering Economic Concerns

Hire advances Umpqua's commitment to provide financial products and services that address affordable housing and access challenges in its communities Bascomb-Green, real estate and banking leader, recently appointed by Governor Jay Inslee as the new chair of the Washington State Housing Finance Commission (WSHFC) LAKE OSWEGO, Ore., Sept. 14, 2023 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), today announced the appointment of Nicole Bascomb-Green as Head of Community Lending.

Umpqua Bank Names Nicole Bascomb-Green Head of Community Lending

Columbia Banking System, the parent of Umpqua Bank, a major regional bank in the northwest, gets a Strong Buy rating today. Positives: dividend yield over 7%, capital strength, earnings YoY growth, share price presents buying opportunity, valuation is reasonable. Risk of exposure to office loans is minimal compared to overall CRE portfolio.

7% Dividend Yield And More At Columbia Banking, A Hidden Buy Opportunity

Bank of Nova Scotia

Crown Castle International

Dow Inc

Fifth Third Bancorp

Foot Locker

International Paper

KeyCorp

Kohl's

Leggett & Platt

PNC Financial Services

Prudential Financial

Simon Property Group

Suncor Energy

Truist Financial

TC Energy

Walgreens

Bonds will do well if U.S. interest rates decline in coming months. What you may not appreciate is that dividend-paying stocks are likely to do even better.

These 20 dividend-paying stocks get a double boost from declining interest rates

East West Bancorp

New York Community Bancorp

U.S. Bancorp

After Moody's cut credit ratings, regional banks are feeling the heat again. However, some smart analysts think there are select bargains in the trash bin.

News for Columbia Banking System Stock (COLB)