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Columbia Banking System, Inc. (COLB) stock

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NASDAQ: COLB Nasdaq Regional Banks Next results ~January 21, 2027

C Fundamentals grade

Columbia Banking System, Inc. is a US-listed company in the regional banks industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$36

Valuation models combined (6)

Base case. Range ~$22–$42. Weighted average of 6 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, forward price-to-earnings vs peers, dividend discount (two-stage)), the residual income counting double.

Price vs value

Modestly undervalued

The price is inside our value range, 12% below our base value.

Price used: $31.24, November 2, 2026

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Columbia Banking System files

Where Columbia Banking System stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.65bn, up 33.7% on a year earlier, faster than 27.8% a quarter earlier. The diluted share count is up 32.9% on a year earlier, which dilutes existing holders. Our valuation models combined value is $34.26 a share, against a share price of $28.89.

Source: 10-Q filed August 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 21, 2027 (estimated)

Columbia Banking System, Inc.'s trailing-twelve-month revenue grew 33.7% year on year, with a free-cash-flow margin of 43.3%. Where it stands out: revenue growth of 33.7% ranks 26 of 245 regional banks companies we cover. Where it lags: change in share count of 32.9% ranks 226 of 230 regional banks companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 156.3% while net income grew 34.7%: a 122pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Fast growth. Revenue grew 33.7% over the last 12 months, against a median of 12.5% for regional banks companies we cover.
  • Growth speeding up. The growth rate is 5.9 points higher than a quarter earlier.
  • Strong cash generation. 43.3% of revenue turned into free cash flow.
  • Net cash. Cash exceeds long-term debt by $1.8bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Share dilution. Diluted shares rose 32.9% in a year.

Latest results: FY2026 Q2

Filed August 4, 2026
Earnings per share
$0.82 against an average estimate of $0.77: beat by 6.8%
Revenue
$677m, up 32.5% on a year earlier
Share reaction
+5.7% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Next report
January 21, 2027; average EPS estimate $0.80

Columbia Banking System's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.8%
  • 1 week+0.6%
  • 1 month+8.0%
  • This year+16.0%
  • 1 year+22.5%
  • 5 years+11.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.7B
Net margin
26.8%
EPS (TTM, diluted)
$2.55

Growth

Revenue growth
+33.7%
Change in growth rate
+5.9 pts
Share count change
+32.9%

Earnings

Last results
October 22, 2026
Next results (est.)
January 21, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results
  3. Announcement
  4. Announcement
  5. Leadership
  6. Financing
  7. Announcement
  8. Dividend
  9. Announcement
  10. Announcement
  11. Leadership
  12. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$36
Price used
$30.99close November 3, 2026
Implied change
▲ +15%
Uncertainty
Medium

How we got here: the combined value of 6 valuation models built for a business like Columbia Banking System, Inc. (see the models table below and how they are combined) , with a 8.69% cost of equity. The models span ~$22–~$42; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value Columbia Banking System, Inc. as a bank or lender, with every model that fits that kind of business. Cost of equity 8.7%: the 10-year Treasury yield (4.9%) plus a beta of 0.83 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$37 ~$28–$50 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$42 ~$36–$51 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$38 ~$24–$53 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$22 ~$28–$42 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$33 ~$31–$39 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$41 ~$34–$51 Included
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$36 ~$22–$42 6 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Columbia Banking System, Inc. with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

64 /100

Moderate moat

How hard Columbia Banking System's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 13 / 20

    Net income has been a median 1.1% of total assets over 10 years.

  • Durability 18 / 20

    Net margin has been a median 26.4%; its worst year was 17.8%.

  • Discipline 10 / 20

    The diluted share count rose 135.6% over five years; stock-based pay has been a median 1.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (69 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 21, 2027, after the close. Analysts expect revenue of $693m and EPS of $0.80 (range $0.77 to $0.83) for the quarter.

Analysts' consensus

Columbia Banking System, Inc.: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current $3.08 −1% $2.7bn +19%
Next $3.35 +9% $2.8bn +2%

Next year's EPS estimate has moved +1.4% in 90 days, across 14 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.9% on 90 days ago. In the last 30 days, 5 analysts raised Columbia Banking System, Inc.'s forecast and 1 cut it.

Consensus EPS forecast Columbia Banking System, Inc., last 90 days
$3.00 $3.10 $3.20 $3.30 $3.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.02 Current fiscal year, 60 days ago: $3.03 Current fiscal year, 30 days ago: $3.03 Current fiscal year, 7 days ago: $3.03 Current fiscal year, Now: $3.08 $3.08 Next fiscal year, 90 days ago: $3.30 Next fiscal year, 60 days ago: $3.28 Next fiscal year, 30 days ago: $3.29 Next fiscal year, 7 days ago: $3.30 Next fiscal year, Now: $3.35 $3.35

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.02$3.30
60 days ago $3.03$3.28
30 days ago $3.03$3.29
7 days ago $3.03$3.30
Now $3.08$3.35

Earnings against estimates

Columbia Banking System, Inc.: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Sept 2026 $0.77 $0.82 +6.8%
Jun 2026 $0.73 $0.76 +4.7%
Mar 2026 $0.69 $0.72 +5.0%
Dec 2025 $0.72 $0.82 +14.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 22, 2026

No numeric guidance in Columbia Banking System, Inc.'s latest earnings release (filed October 22, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

15 analysts, Oct 2026
Buy640%
Hold960%
Sell00%

Monthly trend

  1. Oct 202624915
  2. Sep 202624814
  3. Aug 202623914
  4. Jul 202623914

Counts of recommendations published by analysts covering Columbia Banking System, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.1%
of tradable shares
Days to cover
4.23
at average volume
Short interest, 1 month
+10%
to October 15, 2026
Held by institutions
99%
of shares
Held by insiders
0.8%
of shares
Employees
6,005
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +22.5%

$25.49 on October 31, 2025 to $31.24

Columbia Banking System, Inc.: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $2.0bn $2.7bn +33.7%
Net margin 26.6% 26.8% +0.8%
P/E multiple 10.1x 12.2x +20.9%
Share count 210m 279m −24.7%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Columbia Banking System, Inc.: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
COLB−6%−4%−6%+8%+9%+16%
Industry peers (median)+34%−4%−2%+16%+10%+24%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
COLB42%58%42%58%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
COLB−37%−26%−44%−34%−27%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 61% from March 12, 2021 to May 12, 2023. Getting back needed a 155% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$24.49 – $33.20
From 52-week high
−5.9%
vs 50-day average
+5.5%
vs 200-day average
+6.3%
Volatility (1 year)
25%
Beta vs S&P 500
0.81

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±5.1%
After a week
6 up, 6 down
typical move ±4.6%
After a month
7 up, 4 down
typical move ±8.4%
Columbia Banking System, Inc.: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 +5.7% −1.7% +6.2% —
July 23, 2026 −4.5% −1.1% −4.2% −5.6%
April 23, 2026 +0.8% +0.4% +2.1% +2.5%
January 22, 2026 −2.8% +0.6% −2.2% +1.2%
October 30, 2025 +1.7% −0.8% +0.3% +8.0%
July 24, 2025 +1.8% +0.5% −2.4% +10.6%
April 23, 2025 +2.4% +3.7% −1.5% +3.9%
January 23, 2025 −2.8% +0.3% −2.6% −8.5%
October 24, 2024 +3.0% +0.2% +5.3% +16.8%
July 25, 2024 +15.4% +0.6% +5.9% +8.4%
April 25, 2024 −0.5% +0.6% +2.8% −0.2%
January 24, 2024 −19.6% +0.7% −19.7% −26.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Columbia Banking System, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Columbia Banking System, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Columbia Banking System, Inc.
$1.5B $2B $2.5B $3B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.8B Revenue (TTM), FY23 Q4: $2B Revenue (TTM), FY24 Q1: $2B Revenue (TTM), FY24 Q2: $2B Revenue (TTM), FY24 Q3: $2B Revenue (TTM), FY24 Q4: $1.9B Revenue (TTM), FY25 Q1: $1.9B Revenue (TTM), FY25 Q2: $2B Revenue (TTM), FY25 Q3: $2.1B Revenue (TTM), FY25 Q4: $2.3B Revenue (TTM), FY26 Q1: $2.5B Revenue (TTM), FY26 Q2: $2.7B $2.7B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.8B
FY23 Q4 $2B
FY24 Q1 $2B
FY24 Q2 $2B
FY24 Q3 $2B
FY24 Q4 $1.9B
FY25 Q1 $1.9B
FY25 Q2 $2B
FY25 Q3 $2.1B
FY25 Q4 $2.3B
FY26 Q1 $2.5B
FY26 Q2 $2.7B
Revenue growth, TTM YoY Columbia Banking System, Inc.
-20% 0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 3.7% Revenue growth, TTM YoY, FY23 Q4: 57.3% Revenue growth, TTM YoY, FY24 Q1: 46.8% Revenue growth, TTM YoY, FY24 Q2: 23.6% Revenue growth, TTM YoY, FY24 Q3: 7.8% Revenue growth, TTM YoY, FY24 Q4: -3.4% Revenue growth, TTM YoY, FY25 Q1: -4.7% Revenue growth, TTM YoY, FY25 Q2: -0.2% Revenue growth, TTM YoY, FY25 Q3: 5.6% Revenue growth, TTM YoY, FY25 Q4: 19.3% Revenue growth, TTM YoY, FY26 Q1: 27.8% Revenue growth, TTM YoY, FY26 Q2: 33.7% 33.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 3.7%
FY23 Q4 57.3%
FY24 Q1 46.8%
FY24 Q2 23.6%
FY24 Q3 7.8%
FY24 Q4 -3.4%
FY25 Q1 -4.7%
FY25 Q2 -0.2%
FY25 Q3 5.6%
FY25 Q4 19.3%
FY26 Q1 27.8%
FY26 Q2 33.7%
FCF margin (TTM) Columbia Banking System, Inc.
10% 20% 30% 40% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 34.6% FCF margin (TTM), FY23 Q4: 26.3% FCF margin (TTM), FY24 Q1: 35.7% FCF margin (TTM), FY24 Q2: 31.2% FCF margin (TTM), FY24 Q3: 17.3% FCF margin (TTM), FY24 Q4: 26.4% FCF margin (TTM), FY25 Q1: 23.9% FCF margin (TTM), FY25 Q2: 22.6% FCF margin (TTM), FY25 Q3: 28.2% FCF margin (TTM), FY25 Q4: 26.3% FCF margin (TTM), FY26 Q1: 39.3% FCF margin (TTM), FY26 Q2: 43.3% 43.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 34.6%
FY23 Q4 26.3%
FY24 Q1 35.7%
FY24 Q2 31.2%
FY24 Q3 17.3%
FY24 Q4 26.4%
FY25 Q1 23.9%
FY25 Q2 22.6%
FY25 Q3 28.2%
FY25 Q4 26.3%
FY26 Q1 39.3%
FY26 Q2 43.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

What Columbia Banking System earned on its loans and securities in FY2025, what it paid depositors and lenders, and how its revenue split between running costs, credit losses, tax and profit.

  1. Interest income $2.9B
  2. Fee and other income $298M · 13.0%
  3. Interest paid $913M
  4. Net interest income $2B · 87.0%
  5. Revenue $2.3B
  6. Non-interest expense $1.4B · 61.8%
  7. Credit-loss provisions $150M · 6.5%
  8. Pre-tax profit $728M · 31.6%
  9. Income tax $178M · 7.7%
  10. Net income $550M · 23.9%
Where Columbia Banking System's revenue went, FY2025
Interest income $2.9B
Fee and other income $298M 13.0% of revenue
Interest paid $913M
Net interest income $2B 87.0% of revenue
Revenue $2.3B
Non-interest expense $1.4B 61.8% of revenue
Credit-loss provisions $150M 6.5% of revenue
Pre-tax profit $728M 31.6% of revenue
Income tax $178M 7.7% of revenue
Net income $550M 23.9% of revenue

Shares of revenue. Source: Columbia Banking System's 10-K for FY2025, as filed with the SEC.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Columbia Banking System, Inc.: annual financial statements
Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 145 218 227 266 318 364 416 422 478 567 591 605 1,276 1,270 1,997 1,929 2,301 2,653
Net income −4 31 48 46 60 82 99 105 113 173 194 154 420 337 349 534 550 711
Diluted EPS −$0.23 $0.43 $0.73 $0.70 $0.73 $0.92 $1.03 $1.09 $1.12 $1.42 $1.61 $1.31 $3.21 $2.60 $1.78 $2.55 $2.30 $2.55
Growth (year on year)
Revenue — +50.0% +4.5% +16.9% +19.5% +14.5% +14.4% +1.3% +13.3% +18.7% +4.1% +2.4% +111.0% −0.5% +57.3% −3.4% +19.3% +33.7%
Net income — — +56.0% −3.9% +30.1% +35.9% +21.2% +6.1% +7.6% +53.2% +12.5% −20.7% +172.5% −19.9% +3.6% +53.0% +3.0% +34.7%
Diluted EPS — — +68.1% −4.1% +4.3% +25.6% +12.5% +5.8% +2.8% +26.9% +13.6% −19.0% +145.6% −19.0% −31.5% +43.3% −9.8% +1.4%
Margins
Net margin −2.7% 14.1% 21.1% 17.3% 18.9% 22.4% 23.7% 24.9% 23.6% 30.5% 32.9% 25.5% 32.9% 26.5% 17.5% 27.7% 23.9% 26.8%
Free-cash-flow margin 21.4% 40.3% 31.4% 44.3% 20.9% 34.4% 30.5% 33.5% 25.5% 39.8% 33.2% 30.4% 50.7% 81.8% 33.6% 34.2% 32.4% 49.2%
Cash flow
Cash from operations 37 124 86 135 80 138 135 146 129 237 205 192 663 1,065 670 659 746 1,306
Capital spending 6 37 15 17 13 12 8 5 6 11 8 9 15 27 0 0 0 0
Free cash flow 31 88 71 118 67 125 127 141 122 226 196 184 647 1,038 670 659 746 1,306
Stock-based pay 1 1 2 2 3 3 4 5 8 8 9 11 11 10 18 20 33 36
Free cash flow after stock pay 30 86 70 116 64 122 123 136 114 218 187 173 636 1,028 652 639 713 1,270
Balance sheet
Cash 305 514 294 514 180 188 175 224 343 278 248 654 825 1,295 2,163 1,878 2,380 1,769
Total debt 0 26 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −305 −488 −294 −514 −180 −188 −175 −224 −343 −278 −248 −654 −825 −1,295 −2,163 −1,878 −2,380 −1,769
Diluted shares 36m 59m 65m 65m 81m 88m 95m 95m 99m 120m 120m 118m 131m 130m 196m 209m 239m 279m
Returned to shareholders
Dividends 1 1 11 39 20 49 77 89 51 83 102 96 184 182 270 300 335 397
Buybacks 0 0 0 0 0 1 1 1 0 0 51 20 81 4 6 6 109 518
Total returned 1 1 11 39 20 50 78 90 51 83 153 116 264 186 276 306 444 915

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$518M
Dividends (TTM)
$397M
Returned to shareholders
80%
of free cash flow
Buybacks, last 3 fiscal years
$121M
Diluted share count
+32.9%
year over year
Total shareholder yield
10.4%
dividends 4.5% + buybacks 5.9% of market value
Dividend payout ratio
56%
of net income paid out

Competitors: side by side with peers

Closest by revenue in regional banks
Growth, margins and cash generation against peers
Last 12 months unless stated COLB SSB ONB WTFC UMBF CFR Median
Revenue, last 12 months $2.7bn $2.7bn $2.8bn $2.9bn $3.0bn $2.3bn $255m
Revenue growth, last 12 months 33.7% 10.7% 21.8% 11.5% 27.3% 6.6% 12.5%
Revenue growth, 3-year average 18.1% 15.0% 13.7% 9.5% 27.2% 5.5% 6.0%
Revenue growth, latest quarter 32.5% −1.9% 1.1% 10.1% 13.9% 6.4% 10.7%
Net margin 26.8% 34.3% 33.8% 31.4% 34.3% 29.5% 28.7%
Cash from operations / revenue 49.2% 57.8% 36.2% 57.4% 39.4% 32.7% 34.3%
Free-cash-flow margin 43.3% 55.3% 34.6% 55.1% 37.9% 24.8% 31.4%
Free-cash-flow margin, 3-year average 32.4% 20.3% 29.6% 36.5% 31.8% 20.2% 29.9%
Stock pay / revenue 1.4% 1.4% 1.2% 1.5% 1.4% 1.2% 1.2%
Change in share count 32.9% 3.2% 10.8% 1.3% 14.4% −2.3% 0.4%

Median of all 245 companies we cover in regional banks. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

245 regional banks companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth 33.7% 12.5% 26 of 245
Change in growth rate Growth +5.9pp +0.0pp 39 of 244
Net margin Profitability 26.8% 28.7% 143 of 245
Stock pay as % of revenue Cash generation 1.4% 1.3% 114 of 206
Change in share count Balance sheet 32.9% 0.4% 226 of 230

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Total Service Chargeson Deposits $84M 47.5% ▲ 16.7%
Account Service Fees (part of Total Service Chargeson Deposits) $57M 67.9% ▲ 23.9%
Transactionbasedandoverdraftservicecharges (part of Total Service Chargeson Deposits) $27M 32.1% ▲ 3.8%
Card Based Fees $58M 32.8% ▲ 1.8%
Investment Advisory Management and Administrative Service $35M 19.8% ▲ 75.0%

From Columbia Banking System, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Reported value
$8.6B
Institutions reporting
550
Shares held vs prior quarter
▼ 2.6%
Positions opened / closed
75 / 45

Top buyers and sellers, Q2 2026: 256 institutions bought and 246 sold ; the biggest buyer was Mackenzie Financial Corp (+2.0M shares) and the biggest seller Bank Of New York Mellon Corp (−3.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $880M 27.5M 10.2% ▲ 1.5%
T. Rowe Price Investment Management, Inc. $501M 15.6M 5.8% ▼ 1.8%
Dimensional Fund Advisors LP $446M 13.9M 5.2% ▲ 2.6%
Vanguard Portfolio Management LLC $438M 13.7M 5.1% ▼ 4.6%
Vanguard Capital Management LLC $419M 13.1M 4.8% ▼ 1.2%
State Street Corp $407M 12.7M 4.7% ▲ 1.7%
Wellington Management Group LLP $375M 11.7M 4.3% ▼ 21.8%
Charles Schwab Investment Management Inc $353M 11.0M 4.1% ▲ 5.6%
Price T Rowe Associates Inc $317M 9.9M 3.7% ▲ 10.1%
American Century Companies Inc $253M 7.9M 2.9% ▼ 18.8%
Franklin Resources Inc $196M 6.1M 2.3% ▼ 1.4%
Massachusetts Financial Services Co $193M 6.0M 2.2% ▼ 1.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Columbia Banking System, Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Gardner Steven R Director October 29, 2026 Sell 2,253 $31.25 $70,395
Gardner Steven R Director October 29, 2026 Sell 322 $31.24 $10,059
Gardner Steven R Director October 29, 2026 Sell 2,151 $31.23 $67,186
Gardner Steven R Director October 29, 2026 Sell 200 $31.23 $6,246
Gardner Steven R Director October 29, 2026 Sell 5,012 $31.23 $156,500
Gardner Steven R Director October 29, 2026 Sell 100 $31.22 $3,122
Gardner Steven R Director October 29, 2026 Sell 484 $31.21 $15,108
Deer Aaron James EVP Chief Strategy/Innov Offcr June 30, 2026 Buy 886 $25.37 $22,478
Moore Devine David EVP Chief Marketing Officer June 8, 2026 Sell 60 $29.77 $1,786
Moore Devine David EVP Chief Marketing Officer June 8, 2026 Sell 3,812 $29.78 $113,521
Baruffi Kumi Yamamoto EVP General Counsel, Corp Sec March 13, 2026 Sell 937 $26.23 $24,578
Lakely Brock EVP, Chief Accounting Officer March 13, 2026 Sell 211 $26.23 $5,535

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 4 trades and filings

In the last 12 months, 2 members of Congress disclosed 0 purchases and 2 sales of Columbia Banking System, Inc. shares.

  • Josh Gottheimer(D-NJ 5):Sale (full), $1,001 - $15,000, traded March 5, 2026, filed April 8, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $15,001 - $50,000, traded January 15, 2026, filed February 13, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded October 3, 2025, filed November 18, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 21, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • July 23, 2026
  • April 23, 2026
  • January 22, 2026
  • October 30, 2025
  • July 24, 2025

Recent SEC filings

Data status

When each part of this page on Columbia Banking System, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Columbia Banking System, Inc. in brief

What does Columbia Banking System, Inc. do?
Columbia Banking System, Inc. is a US-listed company in the regional banks industry. Its financial year ends in December.
What is Columbia Banking System, Inc.'s stock ticker?
Columbia Banking System, Inc. trades under the ticker COLB on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Columbia Banking System, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Columbia Banking System, Inc. reported revenue of $2.7B, 33.7% higher than a year earlier, according to its SEC filings.
What is Columbia Banking System, Inc.'s free cash flow?
Columbia Banking System, Inc.'s free-cash-flow margin is 43.3% of revenue over the trailing twelve months.
Who are Columbia Banking System, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., T. Rowe Price Investment Management, Inc. and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Columbia Banking System, Inc. buying back stock, and does it pay a dividend?
Columbia Banking System, Inc. spent $518M on share repurchases over the trailing twelve months, and its diluted share count still rose 32.9% over the year.
What is Columbia Banking System, Inc.'s market cap?
On November 2, 2026, Columbia Banking System, Inc.'s market capitalisation was about $8.7B, with a price-to-earnings ratio of 12.2 and net debt of -$1.8B. Market figures come from third-party market data and may be delayed.
Does Columbia Banking System, Inc. pay a dividend?
Yes: Columbia Banking System, Inc. paid $397M in dividends over the trailing twelve months, a dividend yield of 4.49% and a payout ratio of 55.8%.
Who are Columbia Banking System, Inc.'s competitors?
In our Regional Banks peer group, the companies closest to Columbia Banking System, Inc. are Southstate Bank Corp, OLD National Bancorp, Wintrust Financial Corp, UMB Financial Corp and Cullen/frost Bankers, Inc. The side-by-side comparison below sets their revenue, margins and growth against Columbia Banking System, Inc.'s.
Are insiders buying or selling Columbia Banking System, Inc. stock?
Over the last 12 months, Columbia Banking System, Inc.'s directors and officers reported 1 open-market purchases and 14 sales on Form 4. The insider trading page charts every trade.
When is Columbia Banking System, Inc.'s next earnings date?
Around January 21, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Columbia Banking System, Inc. announces its own schedule.