Columbia Banking System (COLB) AI Stock Analysis

• Market Cap: $7.93B
• Dividend Yield: 5.45%
• Average Volume (3M): 5.36M
• Price to Earnings (P/E): 11.9
• Beta (1Y): 1.06
• Revenue Growth: -0.30%
• EPS Growth: -3.80%
• Country: US
• Employees: 4,721
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.85
• Shares Outstanding: 299,171,260
• 10 Day Avg. Volume: 4,768,723
• 30 Day Avg. Volume: 5,357,576
• PEG Ratio: 0.25
• Price to Book (P/B): 1.10
• Price to Sales (P/S): 1.90
• P/FCF Ratio: 9.03
• Enterprise Value/Market Cap: 1.10
• Enterprise Value/Revenue: 2.98
• Enterprise Value/Gross Profit: 6.19
• Enterprise Value/Ebitda: 10.47
• 1Y Price Target: $29.70
• Price Target Upside: 10.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): 2.95
• Revenue Forecast (FY): $2.28B

• Rating: 75 Outperform
• Price Target: $29.00 ▲(7.69% Upside)

Columbia Banking System's strong valuation and positive earnings call are the most significant factors driving its score. Despite financial performance concerns, the company's strategic acquisition and share repurchase program reflect a robust outlook. Technical indicators support a positive momentum, enhancing the overall score.

Positive Factors

Strategic Acquisition

The acquisition of Pacific Premier enhances Columbia's market position, increasing its asset base and market share, which strengthens its competitive advantage and growth potential in the regional banking sector.

Net Interest Margin Improvement

An improved net interest margin indicates better profitability and efficient balance sheet management, which supports long-term earnings stability and growth in a competitive banking environment.

Share Repurchase Program

The significant share repurchase program reflects strong capital generation and management's confidence in the company's financial health, enhancing shareholder value over the long term.

Negative Factors

Declining Revenue Growth

A declining revenue growth trend poses a risk to future profitability and market competitiveness, potentially impacting the company's ability to invest in new opportunities and maintain its market position.

Increasing Debt Levels

Rising debt levels can strain financial flexibility and increase risk, potentially impacting the company's ability to invest in growth initiatives and manage economic downturns effectively.

CFO Transition

The transition of a key executive role like the CFO can lead to strategic shifts and operational disruptions, affecting the company's financial management and long-term strategic execution.

Columbia Banking System Business Overview & Revenue Model

Company Description

Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in the United States. It offers personal banking products and services, including noninterest and interest-bearing checking, savings, money market, and certificate of deposit accounts; home mortgages for purchases and refinances, home equity loans and lines of credit, and other personal loans; debit and credit cards; and digital banking services. The company also provides business banking products and services, such as checking, savings, interest-bearing money market, and certificate of deposit accounts; agricultural, asset-based, builder, and other commercial real estate loans, as well as loans guaranteed by the small business administration; and professional banking, treasury management, merchant card, and international banking services. In addition, it offers wealth management solutions that include financial planning services, such as asset allocation, net worth analysis, estate planning and preservation, education funding, and wealth transfer; long-term care, and life and disability insurance solutions; individual retirement solutions comprising retirement planning, retirement income strategies, and traditional and Roth individual retirement accounts; and business solutions, which comprise business retirement plans, key person insurance, business succession planning, and deferred compensation plans to individuals, families, and professional businesses. Further, the company provides fiduciary, investment, and administrative trust services, such as personal and special needs trusts, estate settlement, and investment agency and charitable management. It operates a network of 153 branch locations, including 68 in the state of Washington, 59 in Oregon, 15 in Idaho, and 11 in California. The company was founded in 1993 and is headquartered in Tacoma, Washington.

How the Company Makes Money

Columbia Banking System generates revenue primarily through net interest income and non-interest income. Net interest income is derived from the difference between the interest earned on loans and the interest paid on deposits, a common revenue stream for banks. The bank provides various loan products, including commercial loans, residential mortgages, and consumer loans, which contribute significantly to this income. Additionally, non-interest income comes from services such as fees for account maintenance, transaction services, mortgage origination fees, and wealth management services. Significant partnerships with local businesses and community organizations also enhance its customer base and revenue opportunities. Economic factors such as interest rates and the overall health of the regional economy can also impact earnings.

Columbia Banking System Financial Statement Overview

Summary

Columbia Banking System shows strong profitability metrics with stable EBIT and EBITDA margins. However, declining revenue growth and increasing debt levels present potential risks. Cash flow management is crucial due to negative trends in free cash flow growth.

Income Statement

Columbia Banking System's income statement shows a mixed performance. The TTM data indicates a decline in revenue growth rate, which is concerning. However, the company maintains healthy gross and net profit margins, suggesting operational efficiency. The EBIT and EBITDA margins are stable, reflecting consistent profitability. The revenue growth rate has fluctuated significantly over the years, indicating potential volatility in revenue streams.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio, which has increased over the years but remains manageable. The return on equity is positive, indicating the company is generating returns for its shareholders. The equity ratio is stable, suggesting a solid capital structure. However, the increasing debt levels could pose a risk if not managed properly.

Cash Flow

The cash flow statement reveals challenges in free cash flow growth, with a negative trend in recent periods. The operating cash flow to net income ratio is low, indicating potential issues in converting income into cash. However, the free cash flow to net income ratio is strong, suggesting efficient cash generation relative to net income. The declining free cash flow growth rate is a concern that needs addressing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.92B	2.97B	2.74B	1.35B	1.32B	1.42B
Gross Profit	1.40B	1.82B	1.78B	1.19B	1.32B	1.09B
EBITDA	829.80M	868.62M	615.45M	478.88M	589.66M	-1.42B
Net Income	478.30M	533.67M	348.71M	336.75M	420.30M	-1.52B
Balance Sheet
Total Assets	67.50B	51.58B	52.17B	31.85B	30.64B	29.24B
Cash, Cash Equivalents and Short-Term Investments	535.00M	2.08B	10.99B	4.49B	6.63B	5.51B
Total Debt	3.07B	3.90B	4.76B	1.72B	975.13M	1.60B
Total Liabilities	59.71B	46.46B	47.18B	29.37B	27.89B	26.53B
Stockholders Equity	7.79B	5.12B	5.00B	2.48B	2.75B	2.70B
Cash Flow
Free Cash Flow	705.21M	623.20M	669.84M	1.04B	647.25M	81.79M
Operating Cash Flow	720.85M	658.87M	669.84M	1.07B	662.72M	93.77M
Investing Cash Flow	1.47B	114.57M	501.74M	-3.53B	-1.53B	-960.11M
Financing Cash Flow	-1.96B	-1.06B	-303.69M	1.00B	1.06B	2.08B

Columbia Banking System Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 26.93
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For COLB, the sentiment is Positive. The current price of 26.93 is above the 20-day moving average (MA) of 25.92, above the 50-day MA of 26.07, and above the 200-day MA of 24.55, indicating a bullish trend. The MACD of 0.25 indicates Negative momentum. The RSI at 57.29 is Neutral, neither overbought nor oversold. The STOCH value of 74.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for COLB.

Columbia Banking System Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
COLB	75 Outperform	$7.93B	11.94	7.32%	5.45%	-0.30%	-3.80%
OZK	73 Outperform	$5.04B	7.16	12.35%	3.92%	2.79%	2.11%
FNB	72 Outperform	$5.70B	11.34	7.87%	2.99%	4.54%	27.56%
HOMB	72 Outperform	$5.33B	11.73	11.20%	2.90%	1.43%	19.58%
VLY	71 Outperform	$6.12B	12.45	7.07%	4.34%	-1.94%	41.35%
GBCI	69 Neutral	$5.45B	20.47	6.92%	3.10%	8.73%	26.19%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Columbia Banking System Corporate Events

Columbia Banking System’s Q3 2025 Financial Performance

Columbia Banking System, Inc. is a regional bank headquartered in Tacoma, Washington, offering a range of financial services including retail and commercial banking, wealth management, and equipment leasing across the western United States. In its third quarter of 2025, Columbia Banking System reported significant financial developments, including the completion of its acquisition of Pacific Premier Bancorp, which expanded its market presence in Southern California. The acquisition contributed to a rise in net interest income and net interest margin, despite increased non-interest expenses due to merger-related costs. Key financial metrics for the quarter included a net income of $96 million and an operating net income of $204 million, with diluted earnings per share at $0.40 and operating earnings per share at $0.85. The bank’s net interest income increased by $59 million from the previous quarter, while non-interest income saw a $12 million rise. However, non-interest expenses surged by $115 million, primarily due to merger and restructuring costs. Credit quality showed improvement with a reduction in net charge-offs and non-performing assets. Looking ahead, Columbia Banking System remains focused on integrating Pacific Premier and optimizing its balance sheet, with a strategic emphasis on sustainable growth and capital returns to shareholders, as evidenced by the authorization of a $700 million share repurchase program.

Columbia Banking System Reports Strong Q3 2025 Results

On October 30, 2025, Columbia Banking System reported its third-quarter 2025 financial results, highlighting a net income of $96 million and operating net income of $204 million. The company completed its acquisition of Pacific Premier, which contributed to a $59 million increase in net interest income and a 9 basis point rise in net interest margin. Despite acquisition-related expenses impacting reported results, core profitability remained strong, supported by customer deposit growth and balance sheet optimization. The board authorized a $700 million share repurchase program, reflecting confidence in the company’s strategy and capital generation outlook.

The most recent analyst rating on (COLB) stock is a Hold with a $28.00 price target. To see the full list of analyst forecasts on Columbia Banking System stock, see the COLB Stock Forecast page.

Columbia Banking System Completes Major Acquisition

On September 2, 2025, Columbia Banking System completed its acquisition of Pacific Premier Bancorp, significantly enhancing its strategic expansion in Southern California and solidifying its market leadership in Northern California, Washington, Oregon, and Arizona. This acquisition increases Columbia’s assets to approximately $70 billion, with more than 350 locations across eight western states, reinforcing its position as a regional banking leader. The integration of systems and services is expected in the first quarter of 2026, with the unified Columbia brand now serving customers, marking a significant milestone in Columbia’s growth and market presence.

The most recent analyst rating on (COLB) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on Columbia Banking System stock, see the COLB Stock Forecast page.

Columbia Banking System Announces Q3 2025 Results Date

On August 29, 2025, Columbia Banking System, Inc. announced it will release its third quarter 2025 financial results on October 30, 2025, after market close. The company will host a conference call for investors and analysts on the same day to discuss the financial results and recent activities, followed by a live Q&A session. This announcement highlights Columbia’s commitment to transparency and engagement with stakeholders, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (COLB) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Columbia Banking System stock, see the COLB Stock Forecast page.

Columbia Banking System Declares Quarterly Cash Dividend

On August 15, 2025, Columbia Banking System, Inc. announced that its Board of Directors approved a quarterly cash dividend of $0.36 per common share. This dividend is set to be paid on September 15, 2025, to shareholders recorded by August 29, 2025. This decision reflects Columbia’s ongoing commitment to returning value to its shareholders and may positively impact its market positioning by reinforcing investor confidence.

The most recent analyst rating on (COLB) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on Columbia Banking System stock, see the COLB Stock Forecast page.

Columbia Banking System’s Merger Agreement: A Double-Edged Sword for Strategic Growth?

The Merger Agreement restricts Columbia Banking System from engaging in or promoting certain third-party acquisition proposals, which could potentially limit its strategic growth opportunities. This limitation might deter other interested parties from proposing acquisitions, thereby affecting Columbia’s ability to explore potentially beneficial deals. As a result, Columbia may miss out on opportunities to enhance its market position or financial performance through strategic acquisitions. The restrictive nature of the agreement could thus pose a significant risk to Columbia’s long-term competitive strategy and growth prospects.

Columbia Banking System Gains Approval for Merger

On August 6, 2025, Columbia Banking System and Pacific Premier Bancorp announced they received all necessary regulatory approvals for their merger, initially announced on April 23, 2025. The merger is expected to close by August 31, 2025, enhancing Columbia’s market position in the western U.S. and promising long-term value for stakeholders.

The most recent analyst rating on (COLB) stock is a Buy with a $35.00 price target. To see the full list of analyst forecasts on Columbia Banking System stock, see the COLB Stock Forecast page.