Columbia Banking System, Inc. is the bank holding company for Columbia Bank, providing banking, private banking, mortgage, and other financial services in the United States. It offers deposit products such as checking, savings, money market accounts, and certificates of deposit, along with commercial lending, wealth management, and treasury management services. The company serves corporate, institutional, small business, and individual customers. Founded in 1953, it is based in Tacoma, Washington.
Columbia Bank Prices $250 Million Subordinated Notes Due 2036
Columbia Bank, the wholly-owned banking subsidiary of Columbia Banking System, Inc., announced the pricing of $250 million aggregate principal amount of its 6.721% Fixed-to-Fixed Rate Subordinated Notes due 2036. The Notes carry an initial fixed rate of 6.721% per annum, paid semi-annually, from issuance through September 18, 2031, after which they pay the Five-Year U.S. Treasury Rate as of the reset determination date plus 195 basis points, and the offering is expected to close on September 18, 2026, subject to customary closing conditions. The Notes are intended to qualify as Tier 2 capital of the Bank for regulatory capital purposes. Columbia Bank plans to use the net proceeds for general corporate purposes, including supporting growth and capital adequacy, and to return up to $250 million of capital to Columbia, which intends to use the returned capital to redeem certain of its outstanding trust preferred securities. The Notes are unsecured, subordinated obligations of the Bank only, are not guaranteed by Columbia, and are not deposits insured by the Federal Deposit Insurance Corporation or any other government agency or fund.
COLB · Capital · Neutral Columbia Bank prices $250M subordinated notes, a financing event that also returns capital to the parent to redeem trust preferred securities.
Columbia Bank Opens New Draper Commercial Office and Retail Branch
Columbia Bank announced the opening of a new commercial office and retail branch in Draper, Utah, marking the first of three new branches set to open in the Salt Lake City Metropolitan Area in 2026. The Draper location, situated 20 miles outside Salt Lake City, combines commercial and retail banking services in a 14,000 square foot facility along Utah's Silicon Slopes tech corridor. Columbia has steadily expanded its Utah presence since entering the market in 2022, and the Draper branch will be followed by additional locations in Pleasant Grove and the Sugar House neighborhood of Salt Lake City. The bank also recently expanded its market capabilities with the addition of a Salt Lake City-based commercial real estate group led by Steve Strong and David Griffin. Matt Quinney serves as Retail Branch Manager, previously leading Columbia's South Jordan branch, which was transitioned to the enhanced Draper location last month.
Zacks Adds Three Stocks to Strong Sell List on August 3rd
Zacks Investment Research added three stocks to its Zacks Rank #5 (Strong Sell) list today. Adecco Group AG saw its current-year earnings consensus estimate revised 4.3% downward over the last 60 days. Alps Alpine Co., Ltd. had its estimate cut by 5.9% over the same period. Columbia Banking System, Inc. experienced a nearly 2% downward revision in its current-year earnings estimate over the last 60 days.
Columbia Banking System Q2 revenue misses estimates, shares fall
Columbia Banking System reported second-quarter revenue of $683 million, missing analyst estimates of $688.3 million and triggering a negative market reaction. Adjusted earnings per share of $0.76 beat the $0.73 consensus. CEO Clint Stein attributed the top-line shortfall to disciplined lending, saying the bank will not meet irrational market pricing and structures. Elevated commercial real estate payoffs and intentional runoff in transactional loans led to a net decline in total loans. Management expects net interest margin to exceed 4% in upcoming quarters and targets mid-single-digit annual growth in fee income.
Columbia Banking System second-quarter revenue rises 32.5% to $677 million
Columbia Banking System reported second-quarter revenue of $677 million, a 32.5% increase from $511 million a year earlier. Net income totaled $208 million, or $0.73 per share, compared with $152 million, or $0.73 per share, in the same period last year.
Columbia Banking System expects net interest margin beyond 4% in 2026, plans $150M-$200M in Q3 buybacks
Columbia Banking System anticipates its net interest margin will move beyond 4% this year, while planning $150 million to $200 million in share repurchases for the third quarter. CEO Clint Stein said the company exceeded cost-saving targets from the Pac Premier acquisition and returned over $300 million to shareholders during the second quarter. CFO Ivan Seda reported earnings per share of $0.73 and operating EPS of $0.76, with net interest margin at 3.93%, and guided for noninterest revenue in the mid-$80 million range and noninterest expense between $330 million and $335 million for the third quarter. Net loans contracted to $47.2 billion from $47.7 billion amid elevated commercial real estate payoff activity, while new loan origination volume reached $1.3 billion. The company repurchased 6.6 million common shares for approximately $200 million, and tangible book value increased 1% to $19.22.
COLB · Capital · Positive Company expects NIM above 4% in 2026, plans $150M-$200M Q3 buybacks, exceeded cost-saving targets, and reported operating EPS of $0.76.
Columbia Banking reported quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.73 per share by 4.11%. The bank holding company posted revenues of $677 million for the quarter ended June 2026, missing the consensus estimate by 1.66% but up from $510.91 million a year ago. Over the last four quarters, Columbia Banking has surpassed consensus EPS estimates every time. Shares have gained about 16.7% year-to-date, outperforming the S&P 500's 9.6% increase. The current Zacks Rank for the stock is 4, indicating a Sell rating.
Columbia Banking System Set to Report Q2 Earnings After Thursday's Close
Columbia Banking System will report its second-quarter earnings this Thursday after the bell. Analysts expect revenue to grow 34.3% year on year, an acceleration from the 6.2% increase recorded in the same quarter last year. The company met revenue expectations last quarter, reporting $677 million, up 40.2% year on year, with a beat on EPS estimates but a slight miss on tangible book value per share. Peers OFG Bancorp and BOK Financial have already reported Q2 results, with OFG delivering 4.5% revenue growth and BOK Financial posting a 10.1% increase, both topping estimates. Columbia Banking System shares are up 7.4% over the last month, heading into earnings with an average analyst price target of $33.64 compared to the current share price of $33.17.
COLB · Capital · Neutral Company is the subject of the article; upcoming Q2 earnings report with expected revenue growth, but no actual results yet, so impact is ambiguous.
Columbia Bank and ForgiveCo Partner to Erase $5 Million in Medical Debt for Southern California Veterans
Columbia Bank and public benefit corporation ForgiveCo have partnered to eliminate $5 million in medical debt for over 2,000 veterans and their families across Los Angeles, Orange, Riverside, San Bernardino and San Diego counties. The initiative is part of Columbia Bank's commemoration of America's 250th anniversary. Recipients earning up to 80% of area median income with qualifying debt in collections will be randomly selected and notified by ForgiveCo, with no application required. In addition to debt relief, recipients will have access to complimentary financial counseling and educational resources. The bank is also awarding $100,000 in grants to four nonprofits supporting veterans and active-duty service members.
COLB · Capital · Positive Columbia Bank's partnership to erase $5M in medical debt and $100K in grants is a financial/valuation event (CSR initiative) that enhances brand reputation and community relations.
ForgiveCo · Demand · Positive ForgiveCo's partnership with Columbia Bank to eliminate $5M in medical debt demonstrates demand for its debt relief services and validates its business model.
Columbia Banking System reports Q1 revenue of $677 million, in line with estimates
Columbia Banking System reported first-quarter revenues of $677 million, up 40.2% year on year and in line with analysts' expectations, as part of a broader mixed quarter for the regional bank. The company beat analysts' earnings per share estimates but slightly missed on tangible book value per share. Among the 91 regional bank stocks tracked, UMB Financial delivered the biggest analyst estimate beat with revenues of $744.8 million, while BankUnited posted the weakest results with revenues of $273.8 million, falling short of expectations by 5.1%. Overall, the group's revenues were in line with consensus estimates, and share prices have held steady, rising 3.3% on average since the latest earnings results.
COLB · Capital · Neutral Columbia Banking System reported Q1 revenue of $677 million, in line with estimates, beat EPS but slightly missed on tangible book value per share.
BKU · Capital · Negative BankUnited posted the weakest results with revenues of $273.8 million, falling short of expectations by 5.1%.
UMBF · Capital · Positive UMB Financial delivered the biggest analyst estimate beat with revenues of $744.8 million.
United States