Columbia Banking System (COLB) AI Stock Analysis

• Market Cap: $8.75B
• Dividend Yield: 4.96%
• Average Volume (3M): 2.89M
• Price to Earnings (P/E): 13.2
• Beta (1Y): 0.99
• 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: 299,120,970
• 10 Day Avg. Volume: 2,880,614
• 30 Day Avg. Volume: 2,894,022
• 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: 0.99
• Enterprise Value/Revenue: 2.90
• Enterprise Value/Gross Profit: 4.53
• Enterprise Value/Ebitda: 11.18
• 1Y Price Target: $29.33
• Price Target Upside: 0.31% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 9
• EPS Forecast (FY): 2.95
• Revenue Forecast (FY): $2.28B

• Rating: 77 Outperform
• Price Target: $32.00 ▲(9.44% Upside)

Columbia Banking System's overall stock score is driven by strong earnings call insights and positive technical indicators. The company's strategic acquisition and share repurchase program bolster confidence, despite some concerns over profitability margins and debt levels.

Positive Factors

Strategic Acquisition

The acquisition of Pacific Premier enhances Columbia's market presence and asset base, strengthening its competitive position in the regional banking sector.

Share Repurchase Program

The significant share repurchase program reflects confidence in financial strength and supports shareholder value, indicating robust capital generation.

Improved Capital Ratios

Strong capital ratios provide a buffer against economic uncertainties and support future growth initiatives, enhancing financial stability.

Negative Factors

Profitability Margins

Decreasing margins and rising debt may pressure long-term profitability, affecting the bank's ability to invest in growth and innovation.

Loan Portfolio Optimization

Efforts to optimize the loan portfolio could limit short-term loan growth, impacting revenue from interest income despite long-term strategic benefits.

Seasonal Deposit Outflows

Seasonal deposit outflows may necessitate costly wholesale funding, affecting liquidity and potentially increasing funding costs.

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 interest income from loans and investments, as well as non-interest income from service fees and other banking services. The bank earns interest by lending money to consumers and businesses, with interest rates typically higher than the rates paid on deposits. Key revenue streams include commercial and residential loans, consumer loans, and mortgage originations. Additionally, the bank collects fees for services such as account maintenance, ATM transactions, and wealth management, contributing to its non-interest income. Strategic partnerships with local businesses and community organizations also help drive customer growth and enhance service offerings, further supporting the bank's overall 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	2.99B	2.97B	2.74B	1.35B	1.32B	1.42B
Gross Profit	1.92B	1.82B	1.78B	1.19B	1.32B	1.09B
EBITDA	776.88M	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	13.34B	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: 29.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 29.24 is above the 20-day moving average (MA) of 27.57, above the 50-day MA of 26.46, and above the 200-day MA of 24.39, indicating a bullish trend. The MACD of 0.75 indicates Negative momentum. The RSI at 69.04 is Neutral, neither overbought nor oversold. The STOCH value of 85.65 is Negative, 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	77 Outperform	$8.75B	13.16	7.32%	4.96%	-0.30%	-3.80%
HOMB	77 Outperform	$5.61B	12.44	11.20%	2.80%	1.43%	19.58%
FNB	75 Outperform	$6.27B	12.53	7.87%	2.74%	4.54%	27.56%
GBCI	74 Outperform	$5.72B	21.48	6.92%	3.00%	8.73%	26.19%
VLY	73 Outperform	$6.65B	13.58	7.07%	3.69%	-1.94%	41.35%
OZK	70 Outperform	$5.52B	7.85	12.35%	3.57%	2.79%	2.11%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Columbia Banking System Corporate Events

Columbia Banking System Appoints New Chief Accounting Officer

Columbia Banking System announced a leadership change effective November 20, 2025, with Brock Lakely appointed as Executive Vice President, Chief Accounting Officer, and Corporate Controller, succeeding Lisa M. White. Mr. Lakely, who previously served as the company’s Chief Audit Executive and Chief Accounting Officer, brings extensive experience in the financial services industry, which is expected to support Columbia Banking System’s operational stability and strategic objectives.

Columbia Banking System Increases Quarterly Dividend by 3%

On November 14, 2025, Columbia Banking System, Inc. announced a 3% increase in its quarterly cash dividend to $0.37 per common share, payable on December 15, 2025. This move aligns with the company’s strategic focus on enhancing shareholder value, supported by a $700 million share repurchase program and expectations of strong profitability and capital generation in the coming quarters.

Columbia Banking System Appoints New CFO Ivan Seda

On October 29, 2025, Columbia Banking System announced the appointment of Ivan Seda as Chief Financial Officer, effective December 31, 2025, succeeding Ronald L. Farnsworth, who will transition to a senior advisor role until June 1, 2026. Seda, who joined Columbia in August 2025 and has extensive financial experience, is expected to continue driving the company’s growth and shareholder value. Farnsworth has been instrumental in Columbia’s recent strategic developments, and his transition is aimed at ensuring a seamless leadership change.

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.