Columbia Banking reports Q2 EPS 73c, consensus 66c

Reports Q2 revenue $510.9M, consensus $491.37M. Q2 net interest margin was 3.75%, up 15 basis points from the first quarter of 2025. Tangible book value per common share was $18.47 from $17.86 at previous quarter end. CEO Clint Stein commented, “Our Q2 results demonstrate our focus on profitability and balance sheet optimization. Commercial loan growth outpaced runoff in transactional portfolios while the net interest margin benefited from loan repricing, controlled deposit pricing, and a rebound in securities yields. Continued expense discipline further supported our strong performance, even as we continue to reinvest in our growing franchise-opening three new branches and planning for the closing of our Pacific Premier acquisition. While customer deposits declined due to normal seasonal activity and increased cash usage, our Business Bank of Choice strategy continues to attract new relationships. We remain laser focused on delivering top-quartile performance and enhancing long-term tangible book value while returning excess capital to our shareholders.”