Columbia Banking System
Operates a unified western-US bank forged from three major bank mergers.
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Profile
Runs consumer and commercial banking, mortgage, private banking, and wealth and trust services across nine western states, plus equipment leasing through its FinPac subsidiary. The franchise formed through a 2023 merger of equals with Umpqua and a 2025 acquisition of Pacific Premier, now unified under a single Columbia Bank brand.
Delivers consumer and commercial banking across the western United States, pairing deposits and lending with mortgage, private banking, wealth management, and trust services, plus equipment leasing through its FinPac subsidiary.
Branches span nine western states from Washington to Texas, concentrated in the Pacific Northwest with growing footholds in California and the Southwest, all run through a single reportable segment rather than separate divisions.
The franchise formed through a 2023 merger of equals between Columbia and Umpqua, which traded briefly as Umpqua Bank, then grew with a 2025 acquisition of Pacific Premier Bancorp before every acquired brand was folded into one Columbia Bank identity.
As an Oregon state-chartered commercial bank, it operates under FDIC supervision at the bank level and Federal Reserve oversight at the holding-company level, with a loan book concentrated in western-US commercial and consumer real estate.
Company facts
Categories
Key statistics
Year to date +6.7% · Average volume (30d) 2.9M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 10, 2026 | Wells Fargo | Reiterate | Equal Weight | $32 | $34 |
| Jul 24, 2026 | RBC Capital | Reiterate | Sector Perform | $32 | $35 |
| Jul 24, 2026 | Barclays | Reiterate | Equal Weight | $30 | $31 |
| Jul 6, 2026 | Wells Fargo | Reiterate | Equal Weight | $32 | |
| Jul 1, 2026 | Fundamental Research | Target | $35 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.73 | $0.76 | +4.5% | $687.4M | $680.0M | −1.1% | −3.44% |
| Apr 23, 2026Q1 FY26 | $0.68 | $0.72 | +5.9% | $677.2M | $675.0M | −0.3% | −1.45% |
| Jan 22, 2026Q4 FY25 | $0.72 | $0.82 | +13.9% | $695.3M | $715.0M | +2.8% | −2.66% |
| Oct 30, 2025Q3 FY25 | $0.70 | $0.85 | +21.4% | $574.6M | $582.0M | +1.3% | +3.00% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $713.6M | $735.2M | $817.0M | $948.0M | $851.0M | $946.0M | |
| Gross profit | $464.0M | $481.5M | $512.0M | $717.0M | $601.0M | $698.0M | |
| Operating income | $123.8M | $203.5M | $119.0M | $305.0M | $255.0M | $275.0M | |
| Net income | $86.6M | $152.4M | $96.0M | $215.0M | $192.0M | $208.0M | |
| Diluted EPS | $0.41 | $0.73 | $0.40 | $0.72 | $0.66 | $0.73 | |
| Gross margin | 65.0% | 65.5% | 62.7% | 75.6% | 70.6% | 73.8% | |
| Operating margin | 17.4% | 27.7% | 14.6% | 32.2% | 30.0% | 29.1% |
Fiscal years (4-quarter sums)FY21 $1.32B · FY22 $1.35B · FY23 $2.74B · FY24 $2.97B · FY25 $3.21B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $648.0M · Total debt $4.88B · Total assets $65.38B · Shareholders' equity $7.55B
Dividends
Raised for 5 straight years — most recently to $0.37 from $0.36 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 28, 2026 | Aug 28 | Sep 14 | $0.37 | |
| May 29, 2026 | May 29 | Jun 15 | $0.37 | |
| Feb 27, 2026 | Feb 27 | Mar 16 | $0.37 | |
| Nov 28, 2025 | Nov 28 | Dec 15 | $0.37 | raised from $0.36 |
| Aug 29, 2025 | Aug 29 | Sep 15 | $0.36 | |
| May 30, 2025 | May 30 | Jun 16 | $0.36 | |
| Feb 28, 2025 | Feb 28 | Mar 17 | $0.36 | |
| Nov 29, 2024 | Nov 29 | Dec 16 | $0.36 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 282.82M · Float 280.61M · 99.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 27.47M | 9.71% | 13F | Aug 7, 2026 |
| T. Rowe Price Investment Management, Inc. | 15.63M | 5.53% | 13F | Aug 14, 2026 |
| Dimensional Fund Advisors LP | 13.91M | 4.92% | 13F | Aug 11, 2026 |
| Vanguard Portfolio Management LLC | 13.68M | 4.84% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 13.07M | 4.62% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 30, 2026 | Aaron James Deer | officer: EVP Chief Strategy/Innov Offcr | +886 | $25.37 |
| Jun 8, 2026 | Devine David Moore | officer: EVP Chief Marketing Officer | −3,872 | $29.77 |
| Mar 13, 2026 | Kumi Yamamoto Baruffi | officer: EVP General Counsel, Corp Sec | −937 | $26.23 |
| Mar 13, 2026 | Brock Lakely | officer: EVP, Chief Accounting Officer | −211 | $26.23 |
| Mar 4, 2026 | Torran B. Nixon | officer: Senior Executive VP | −2,240 | $28.85 |
Peers
- Zions Bancorporation
Broadest western footprint overlap, competing under distinct local bank brands
- Western Alliance
Arizona-Nevada-Southern California commercial banking rival at similar scale
- East West Bancorp
Direct Southern California deposit-share rival with a China banking license
- Banc of California
Largest independent LA-headquartered bank contesting the same SoCal franchise
- Glacier Bancorp
Multi-brand Mountain West holding company overlapping seven Columbia states
- Banner
Pacific Northwest heartland rival with matching WA/OR/CA/ID footprint
- First Interstate BancSystem
Rocky Mountain community bank overlapping Idaho, Oregon, Washington, Colorado
- Heritage Financial
Small Puget Sound community bank overlapping Columbia's WA/OR home turf
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Columbia Banking System | $30.07 | 0.00% | $8.50B | 12.0 | 9.6 | 2.4 | +33.1% |
| Zions Bancorporation | $67.78 | −0.01% | $9.89B | 8.6 | 10.3 | 1.9 | +4.8% |
| Western Alliance | $78.53 | −0.03% | $8.57B | 8.8 | 7.5 | 1.7 | +17.7% |
| East West Bancorp | $129.44 | −0.02% | $17.73B | 12.4 | 11.9 | 3.8 | +12.5% |
| Banc of California | $18.60 | −0.03% | $2.86B | — | 9.7 | 1.6 | — |
| Glacier Bancorp | $46.88 | +0.02% | $6.10B | 19.0 | 13.9 | 4.0 | +36.8% |
| Banner | $70.50 | −0.01% | $2.40B | 11.6 | 11.3 | 3.6 | +6.1% |
| First Interstate BancSystem | $37.04 | 0.00% | $3.60B | 11.4 | 13.3 | 3.8 | +6.3% |
| Heritage Financial | $28.67 | +0.02% | $1.18B | 13.6 | 11.8 | 3.5 | +48.9% |
| Median | 11.6 | 11.5 | 3.6 | +12.5% |