COLUMBIA BANKING SYSTEM, INC.
Business
Columbia Banking System, Inc. is a financial holding company that operates Columbia Bank, an Oregon state-chartered commercial bank providing banking, private banking, mortgage, and financial services across Arizona, California, Colorado, Idaho, Nevada, Oregon, Texas, Utah, and Washington. The company offers commercial lending, treasury management, deposit products, residential and consumer loans, and wealth management services through branches, digital channels, and subsidiaries including FinPac (equipment leasing), Columbia Wealth Advisors, Columbia Trust Company, and Columbia Private Bank. Following its August 2025 acquisition of Pacific Premier, Columbia Bank serves corporate, institutional, small business, and individual customers under the unified Columbia brand.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest and fees on loans and leases | 2,458 | 2,320 | 2,114 | 1,050 | 891 | |
| Taxable | 340 | 305 | 277 | 72 | 60 | |
| Exempt from federal income tax | 34 | 28 | 24 | 5 | 6 | |
| Dividends | 13 | 12 | 13 | 438,000 | 1 | |
| Interest on temporary investments and interest-bearing deposits | 71 | 90 | 111 | 20 | 4 | |
| Total interest income | 2,916 | 2,755 | 2,539 | 1,148 | 962 | |
| Interest on deposits | 747 | 803 | 462 | 48 | 27 | |
| Interest on securities sold under agreement to repurchase and federal funds purchased | 4 | 5 | 3 | 997,000 | 280,000 | |
| Interest on borrowings | 128 | 190 | 243 | 9 | — | |
| Interest on junior and other subordinated debentures | 34 | 39 | 38 | 20 | 12 | |
| Total interest expense | 913 | 1,037 | 746 | 78 | — | |
| Net interest income | 2,003 | 1,718 | 1,793 | 1,070 | 920 | |
| PROVISION FOR CREDIT LOSSES | 150 | 106 | 213 | 84 | −43 | |
| Net interest income after provision for credit losses | 1,853 | 1,612 | 1,580 | 986 | 962 | |
| Revenue from contract with customer | 177 | 149 | 134 | 86 | 83 | |
| Residential mortgage banking revenue, net | 31 | 24 | 17 | 107 | 187 | |
| Gain on investment securities, net | 6 | 0 | 2 | 2,000 | 8,000 | |
| Gain (loss) on loan and lease sales, net | 1 | −3 | 4 | 7 | 16 | |
| Gain (loss) on certain loans held for investment, at fair value | 11 | −10 | 3 | — | — | |
| Bank-owned life insurance income | 25 | 19 | 16 | 8 | 8 | |
| Other income | 47 | 32 | 28 | −1 | 64 | |
| Total non-interest income | 298 | 211 | 204 | 200 | 356 | |
| Salaries and employee benefits | 672 | 589 | 616 | 441 | 481 | |
| Occupancy and equipment, net | 216 | 182 | 183 | 138 | 138 | |
| Communications | 14 | 14 | 16 | 10 | 12 | |
| Marketing | 15 | 11 | 11 | 7 | 7 | |
| Services | 57 | 53 | 53 | 51 | 49 | |
| Deposit costs | 24 | 8 | 7 | — | — | |
| FDIC assessments | 28 | 42 | 71 | 14 | 9 | |
| Intangible amortization | 127 | 119 | 111 | 4 | 5 | |
| Merger and restructuring expense | 148 | 24 | 172 | 17 | — | |
| Legal settlement | 55 | 0 | 0 | — | — | |
| Other expenses | 67 | 62 | 73 | 52 | 45 | |
| Total non-interest expense | 1,423 | 1,104 | 1,313 | 735 | 760 | |
| Income before provision for income taxes | 728 | 719 | 471 | 451 | 558 | |
| Provision for income taxes | 178 | 185 | 122 | 114 | 138 | |
| Net income | 550 | 534 | 349 | 337 | 420 | |
| Basic (in dollars per share) | 2.31 | 2.56 | 1.79 | 2.6 | 3.22 | |
| Diluted (in dollars per share) | 2.3 | 2.55 | 1.78 | 2.6 | 3.21 | |
| Basic (in shares) | 238 | 208 | 195 | 129 | 130 | |
| Diluted (in shares) | 239 | 209 | 196 | 130 | 131 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 511 | 497 | 498 | 327 | 153 | |
| Interest-bearing cash and temporary investments | 1,869 | 1,381 | 1,664 | 967 | 671 | |
| Total cash and cash equivalents | 2,380 | 1,878 | 2,163 | 1,295 | 825 | |
| Equity and other, at fair value | 113 | 78 | 77 | 73 | — | |
| Available for sale, at fair value | 11,112 | 8,275 | 8,830 | 3,196 | 5,911 | |
| Held to maturity, at amortized cost | 18 | 2 | 2 | 2 | — | |
| Loans held for sale | 262 | 72 | 31 | 72 | 10 | |
| Loans and leases | 47,776 | 37,681 | 37,442 | — | — | |
| Allowance for credit losses on loans and leases | −466 | −425 | −441 | −301 | — | |
| Net loans and leases | 47,310 | 37,256 | 37,001 | — | — | |
| Restricted equity securities | 159 | 150 | 179 | 47 | 10 | |
| Premises and equipment, net | 422 | 349 | 339 | 176 | 172 | |
| Goodwill | 1,482 | 1,029 | 1,000 | 0 | 823 | |
| Other intangible assets, net | 712 | 484 | 604 | 5 | — | |
| Bank-owned life insurance | 1,218 | 694 | 681 | 332 | — | |
| Other assets | 1,644 | 1,309 | 666 | 400 | 455 | |
| Total assets | 66,832 | 51,576 | 52,174 | 31,849 | 20,945 | |
| Non-interest-bearing | 17,419 | 13,308 | 14,256 | 10,289 | 8,857 | |
| Interest-bearing | 36,792 | 28,413 | 27,351 | 16,777 | 9,153 | |
| Total deposits | 54,211 | 41,721 | 41,607 | 27,066 | 18,010 | |
| Securities sold under agreements to repurchase | 207 | 237 | 252 | 309 | 86 | |
| Borrowings | 3,200 | 3,100 | 4,000 | 906 | — | |
| Junior subordinated debentures, at fair value | 338 | 331 | 316 | 324 | — | |
| Junior and other subordinated debentures, at amortized cost | 97 | 108 | 108 | — | — | |
| Other liabilities | 939 | 961 | 815 | 585 | 233 | |
| Total liabilities | 58,992 | 46,458 | 47,179 | 29,369 | 18,357 | |
| COMMITMENTS AND CONTINGENCIES (Note 16) | — | — | — | — | — | |
| Preferred stock, no par value, shares authorized: 2,000, issued and outstanding: 0 | 0 | 0 | 0 | 0 | — | |
| Common stock, no par value, shares authorized in 2025 and 2024: 520,000; issued and outstanding: 295,422 in 2025 and 209,536 in 2024 | 8,099 | 5,817 | 5,803 | 3,450 | 1,930 | |
| Accumulated deficit | −26 | −237 | −468 | −544 | 694 | |
| Accumulated other comprehensive loss | −233 | −462 | −340 | −427 | 35 | |
| Total shareholders' equity | 7,840 | 5,118 | 4,995 | 2,480 | 2,589 | |
| Total liabilities and shareholders' equity | 66,832 | 51,576 | 52,174 | 31,849 | 20,945 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Deferred income tax expense | 54 | 31 | 13 | 14 | 41 | |
| Accretion of investment discounts, net | −92 | −78 | −68 | 7 | 14 | |
| Change in cash surrender value of bank-owned life insurance | −26 | −19 | −16 | −8 | −8 | |
| Depreciation, amortization and accretion, net | 141 | 150 | 144 | 28 | 31 | |
| Gain on sale of premises and equipment | −7 | −3 | −31 | −3 | −574,000 | |
| Additions to residential mortgage servicing rights carried at fair value | −7 | −6 | −5 | −24 | −39 | |
| Change in fair value of residential mortgage servicing rights carried at fair value | 16 | 7 | 24 | −37 | — | |
| Stock-based compensation | 33 | 20 | 18 | 10 | 11 | |
| Net increase in equity and other investments | −12 | −2 | −1 | 1 | 352,000 | |
| Gain on investment securities, net | −6 | 0 | −2 | — | — | |
| Gain on sale of loans and leases, net | −15 | −5 | −10 | 2 | −146 | |
| Change in fair value of loans held for sale | 15 | 0 | 0 | 11 | 21 | |
| Origination of loans held for sale | −642 | −564 | −442 | −1,839 | −4,747 | |
| Proceeds from sales of loans held for sale | 748 | 528 | 603 | 2,077 | 4,953 | |
| Net decrease (increase) in other assets | 75 | −38 | −24 | 170 | 153 | |
| Net decrease in other liabilities | −229 | −2 | −95 | 230 | −9 | |
| Net cash provided by operating activities | 746 | 659 | 670 | 1,065 | 663 | |
| Purchases of investment securities available for sale | −2,402 | −70 | −926 | −277 | −1,839 | |
| Proceeds from investment securities available for sale | 2,771 | 552 | 1,695 | 396 | 89 | |
| Purchases of restricted equity securities | −301 | −144 | −291 | −181 | −53,000 | |
| Redemption of restricted equity securities | 390 | 173 | 261 | 144 | 31 | |
| Net change in loans and leases | 745 | −517 | −1,335 | −3,744 | −735 | |
| Proceeds from sales of loans and leases | 138 | 146 | 748 | 149 | 247 | |
| Purchases of premises and equipment, net of proceeds from sales | −40 | −36 | 41 | — | — | |
| Proceeds from bank-owned life insurance death benefits | 9 | 6 | 5 | 4 | 4 | |
| Purchase of bank-owned life insurance | −16 | 0 | −28 | 0 | 0 | |
| Proceeds from sale of mortgage servicing rights | 0 | 0 | 57 | 0 | — | |
| Cash received in an acquisition | 874 | 0 | 274 | 0 | 0 | |
| Other | 4 | 4 | 1 | 2 | 2 | |
| Net cash provided by investing activities | 2,172 | 114 | 502 | −3,533 | −1,534 | |
| Net (decrease) increase in deposit liabilities | −2,035 | 114 | −651 | 471 | 1,973 | |
| Net decrease in federal funds purchased | 0 | 0 | −14 | 0 | 0 | |
| Net decrease in securities sold under agreements to repurchase | −30 | −16 | −127 | −183 | 117 | |
| Proceeds from borrowings | 11,675 | 4,900 | 17,350 | 1,650 | 0 | |
| Repayment of borrowings | −11,575 | −5,750 | −16,587 | −750 | −765 | |
| Repayment of subordinated debentures | −10 | 0 | 0 | 0 | −35 | |
| Net proceeds from issuance of common stock under ESPP | 3 | 0 | 1 | 54,000 | 34,000 | |
| Dividends paid on common stock | −335 | −300 | −270 | −182 | −184 | |
| Repurchase and retirement of common stock | −109 | −6 | −6 | −4 | −81 | |
| Net cash used in financing activities | −2,416 | −1,058 | −304 | 1,001 | 1,060 | |
| Net increase (decrease) in cash and cash equivalents | 502 | −285 | 868 | −1,467 | 188 | |
| Interest | 930 | 1,078 | 693 | 71 | 43 | |
| Income taxes | 123 | 101 | 139 | 72 | 105 | |
| Transfer of loans held for investment to loans held for sale | 295 | 0 | 118 | 0 | 0 | |
| Transfer of loans held for sale to loans held for investment | 13 | 3 | 6 | 25 | 316 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is COLUMBIA BANKING SYSTEM, INC.'s CIK number?
COLUMBIA BANKING SYSTEM, INC.'s SEC CIK number is 0000887343 (887343). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find COLUMBIA BANKING SYSTEM, INC.'s SEC filings?
All of COLUMBIA BANKING SYSTEM, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did COLUMBIA BANKING SYSTEM, INC. last report earnings?
COLUMBIA BANKING SYSTEM, INC. (COLB) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000887343-26-000132). This is COLUMBIA BANKING SYSTEM, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is COLUMBIA BANKING SYSTEM, INC.'s most recent earnings 8-K?
COLUMBIA BANKING SYSTEM, INC.'s latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0000887343-26-000132. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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