Columbia Banking System, Inc. (COLB) 10-Year Financial Performance & Capital Metrics

COLB • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

AboutColumbia 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.Show more

Net Interest Income $1.71B -4.1%
Total Revenue $2.97B +8.1%
Net Income $534M +53.0%
Return on Equity 10.55% +13.1%
Net Interest Margin 3.31% -3.0%
Efficiency Ratio 37.24% -22.2%
ROA 1.03% +23.9%
Equity / Assets 9.92% +3.7%
Book Value per Share 24.45 -4.1%
Tangible BV/Share 16.70 +0.6%
Debt/Equity 0.76 -20.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 37.2% efficiency ratio
✓Healthy dividend yield of 4.9%
✓Trading near 52-week high
✓Trading at only 1.2x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.49%

5Y15.06%

3Y31.04%

TTM-

Profit (Net Income) CAGR

10Y13.72%

5Y8.55%

3Y8.29%

TTM-1.16%

EPS CAGR

10Y12.58%

5Y9.77%

3Y10.11%

TTM-3.9%

ROCE

10Y Avg4.61%

5Y Avg2.17%

3Y Avg8.27%

Latest7.21%

Peer Comparison

West Coast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCALSouthern California Bancorp	608.64M	18.83	85.59	45.45%	2.94%	11.23%	8.17%	0.17
CWBCCommunity West Bancshares	447.97M	23.38	51.96	51.89%	4.67%	6.95%	3.83%	0.56
GBCIGlacier Bancorp, Inc.	6.29B	48.39	28.80	11.64%	15.27%	6.57%	3.34%	1.18
GBFHGBank Financial Holdings Inc.	465.21M	32.36	23.28	2%	30.99%	11.8%	5.65%	0.22
BOHBank of Hawaii Corporation	2.86B	71.86	20.77	6.6%	14.57%	10.28%	5.9%	0.45
HFWAHeritage Financial Corporation	867.93M	25.56	20.61	4.64%	13.64%	6.33%	7.03%	0.47
HTBKHeritage Commerce Corp	786.28M	12.82	19.42	3.35%	16.12%	6.19%	4.75%	0.06
NRIMNorthrim BanCorp, Inc.	640.63M	29.00	17.47	23.77%	18.87%	19.99%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	870.93M	836.71M	864.19M	936.65M	918.37M	879.9M	918.33M	1.07B	1.78B	1.71B
NII Growth %	0.13%	-0.04%	0.03%	0.08%	-0.02%	-0.04%	0.04%	0.16%	0.66%	-0.04%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	929.16M	909.24M	936.61M	1.07B	1.13B	1.01B	960.73M	1.15B	2.53B	2.74B
Interest Expense	58.23M	66.05M	78.22M	128.51M	210.44M	130.11M	42.4M	78M	746.16M	1.04B
Loan Loss Provision	36.59M	41.67M	47.25M	55.91M	72.52M	204.86M	-42.65M	84.02M	213.2M	105.92M
Non-Interest Income+	274.54M	296.93M	286.33M	281.4M	342.09M	414.62M	357.64M	199.97M	217.03M	222.93M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	1.2B	1.21B	1.22B	1.35B	1.47B	1.42B	1.32B	1.35B	2.74B	2.97B
Revenue Growth %	0.2%	0%	0.01%	0.1%	0.09%	-0.03%	-0.07%	0.02%	1.04%	0.08%
Non-Interest Expense	761.75M	737.43M	748.43M	739.47M	719.04M	2.55B	760.46M	734.95M	1.31B	1.1B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	347.13M	361.01M	349.04M	422.69M	468.9M	-1.46B	558.16M	450.58M	471.2M	718.75M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.5%	0.04%	-0.03%	0.21%	0.11%	-4.11%	1.38%	-0.19%	0.05%	0.53%
Pretax Income+	347.13M	361.01M	349.04M	422.69M	468.9M	-1.46B	558.16M	450.58M	471.2M	718.75M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	124.59M	130.94M	106.73M	106.42M	114.81M	67M	137.86M	113.83M	122.48M	185.07M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	223.05M	230.07M	242.31M	316.26M	354.1M	-1.52B	420.3M	336.75M	348.71M	533.67M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.51%	0.03%	0.05%	0.31%	0.12%	-5.3%	1.28%	-0.2%	0.04%	0.53%
Net Income (Continuing)	222.54M	230.07M	242.31M	316.26M	354.1M	-1.52B	420.3M	336.75M	348.71M	533.67M
EPS (Diluted)+	1.01	1.05	1.12	1.43	1.60	-6.92	1.91	1.55	1.78	2.55
EPS Growth %	0.29%	0.04%	0.07%	0.28%	0.12%	-5.33%	1.28%	-0.19%	0.15%	0.43%
EPS (Basic)	1.01	1.06	1.12	1.44	1.61	-6.92	1.92	1.55	1.79	2.56
Diluted Shares Outstanding	221.04M	220.91M	220.84M	220.74M	220.65M	220.22M	219.58M	217.4M	195.87M	209.34M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	773.73M	1.45B	634.28M	622.64M	1.36B	2.57B	2.76B	1.29B	2.16B	1.87B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	18.96B	19.58B	21.09B	22.23B	23.15B	24.14B	25.34B	27.52B	44.21B	44.02B
Investments Growth %	0.09%	0.03%	0.08%	0.05%	0.04%	0.04%	0.05%	0.09%	0.61%	-0%
Long-Term Investments	16.43B	16.88B	18.02B	19.25B	20.33B	21.2B	21.47B	24.33B	35.38B	43.81B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	1.79B	1.79B	1.79B	1.79B	1.79B	2.71M	0	0	1.03B	1.03B
Intangible Assets	177.32M	179.86M	183.28M	192.99M	133.36M	106.27M	132.46M	189.76M	712.92M	592.61M
PP&E (Net)	328.73M	303.88M	269.18M	227.42M	312.18M	282.99M	253.49M	254.61M	454.78M	459.9M
Other Assets	437.69M	441.31M	443.84M	442.53M	508.38M	529.11M	538.12M	706.09M	1.53B	1.58B
Total Current Assets	4.1B	5.19B	4.98B	5.04B	5.77B	7.11B	8.25B	6.24B	12.72B	3.74B
Total Non-Current Assets	19.3B	19.62B	20.7B	21.9B	23.08B	22.12B	22.39B	25.61B	39.46B	47.83B
Total Assets+	23.39B	24.81B	25.74B	26.94B	28.85B	29.24B	30.64B	31.85B	52.17B	51.58B
Asset Growth %	0.03%	0.06%	0.04%	0.05%	0.07%	0.01%	0.05%	0.04%	0.64%	-0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	-0.05%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	1.55B	1.57B	1.47B	1.44B	1.7B	1.6B	975.13M	1.72B	4.76B	3.9B
Net Debt	776.32M	119.05M	840.14M	815.9M	337.92M	-969.24M	-1.79B	423.45M	2.6B	2.03B
Long-Term Debt	1.25B	1.22B	1.18B	1.14B	1.27B	1.11B	387.45M	1.32B	4.37B	3.54B
Short-Term Debt	304.56M	352.95M	294.3M	297.15M	311.31M	375.38M	492.25M	308.77M	252.12M	236.63M
Other Liabilities	299.82M	306.85M	0	0	297.78M	299.01M	317.5M	585.11M	814.51M	836.54M
Total Current Liabilities	18.01B	19.37B	20.24B	21.43B	22.79B	25B	27.09B	27.37B	41.86B	41.96B
Total Non-Current Liabilities	1.55B	1.52B	1.47B	1.45B	1.74B	1.53B	804.73M	1.99B	5.32B	4.5B
Total Liabilities	19.54B	20.9B	21.73B	22.88B	24.53B	26.53B	27.89B	29.37B	47.18B	46.46B
Total Equity+	3.85B	3.92B	3.97B	4.06B	4.31B	2.7B	2.75B	2.48B	5B	5.12B
Equity Growth %	0.02%	0.02%	0.01%	0.02%	0.06%	-0.37%	0.02%	-0.1%	1.01%	0.02%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.06%	0.06%	0.06%	0.08%	0.08%	-0.43%	0.15%	0.13%	0.09%	0.11%
Book Value per Share	17.42	17.73	17.97	18.38	19.55	12.28	12.52	11.41	25.50	24.45
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	3.52B	3.52B	3.52B	3.51B	3.51B	3.51B	3.44B	3.45B	5.8B	5.82B
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	331.81M	422.84M	477.1M	602.48M	770.37M	-932.77M	-697.34M	-543.8M	-467.57M	-237.25M
Accumulated OCI	-2.56M	-21.34M	-24.99M	-58.91M	29.55M	122.75M	1.76M	-426.86M	-340.14M	-461.98M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	2.22M	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	376.74M	415.17M	515.51M	505.24M	-80.48M	93.77M	662.72M	1.07B	669.84M	658.87M
Operating CF Growth %	0.05%	0.1%	0.24%	-0.02%	-1.16%	2.17%	6.07%	0.61%	-0.37%	-0.02%
Net Income	222.54M	230.07M	242.31M	316.26M	354.1M	-1.52B	420.3M	336.75M	348.71M	533.67M
Depreciation & Amortization	51.59M	59.26M	57.97M	52.34M	43.29M	37.47M	31.5M	28.3M	144.25M	149.87M
Deferred Taxes	99.97M	113.83M	77.43M	18.81M	-3.54M	-62.94M	40.8M	14.38M	12.89M	30.84M
Other Non-Cash Items	-23.87M	47.57M	198.03M	148.2M	-344.34M	1.83B	15.44M	276.07M	264.98M	-35.52M
Working Capital Changes	12.13M	-45.71M	-69.85M	-37.89M	-138.35M	-200.67M	143.77M	399.76M	-119.07M	-40.42M
Cash from Investing+	-1.76B	-912.56M	-2B	-1.5B	-550.15M	-960.11M	-1.53B	-3.53B	501.74M	114.57M
Purchase of Investments	-1.07B	-852.7M	-1.2B	-494.96M	-918.17M	-887.7M	-1.84B	-276.81M	-926.22M	-69.61M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	-35.22M	-44.65M	-171.44M	10.78M	0	274.59M	0
Other Investing	-1.42B	-649.8M	-1.36B	-1.4B	-575.17M	-717.74M	-451.9M	-3.63B	-582.17M	-332.52M
Cash from Financing+	548.73M	1.17B	666.76M	982.3M	1.37B	2.08B	1.06B	1B	-303.69M	-1.06B
Dividends Paid	-134.62M	-141.07M	-145.4M	-173.91M	-185.1M	-184.98M	-183.73M	-182.27M	-270.26M	-300.22M
Share Repurchases	-14.59M	-17.71M	-8.61M	-12.96M	-7.27M	-8.65M	-80.69M	-4.16M	-6.28M	-5.71M
Stock Issued	0	0	0	0	21K	0	34K	54K	1.19M	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K
Other Financing	812.93M	1.37B	870.77M	1.23B	1.41B	2.41B	2.09B	287.52M	-777.8M	98.22M
Net Change in Cash+	-831.45M	675.71M	-815.15M	-11.64M	740.12M	1.21B	188.44M	-1.47B	867.89M	-284.28M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	1.61B	773.73M	1.45B	634.28M	622.64M	1.36B	2.57B	2.76B	1.29B	2.16B
Cash at End	773.73M	1.45B	634.28M	622.64M	1.36B	2.57B	2.76B	1.29B	2.16B	1.88B
Interest Paid	67.88M	70.8M	80.02M	124.33M	209.53M	136.02M	42.82M	71.21M	692.99M	1.08B
Income Taxes Paid	13.26M	8.16M	30.09M	71.98M	129.62M	130.23M	105.12M	71.8M	138.91M	101.48M
Free Cash Flow+	307.4M	384.85M	511.23M	496.25M	-93.16M	81.79M	647.25M	1.04B	669.84M	623.2M
FCF Growth %	0.03%	0.25%	0.33%	-0.03%	-1.19%	1.88%	6.91%	0.6%	-0.35%	-0.07%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.85%	5.92%	6.15%	7.88%	8.46%	-43.41%	15.41%	12.88%	9.33%	10.55%
Return on Assets (ROA)	0.97%	0.95%	0.96%	1.2%	1.27%	-5.25%	1.4%	1.08%	0.83%	1.03%
Net Interest Margin	3.72%	3.37%	3.36%	3.48%	3.18%	3.01%	3%	3.36%	3.41%	3.31%
Efficiency Ratio	63.28%	61.14%	61.2%	54.91%	48.88%	178.72%	57.68%	54.54%	47.85%	37.24%
Equity / Assets	16.46%	15.79%	15.42%	15.06%	14.95%	9.25%	8.97%	7.79%	9.57%	9.92%
Book Value / Share	17.42	17.73	17.97	18.38	19.55	12.28	12.52	11.41	25.5	24.45
NII Growth	12.6%	-3.93%	3.28%	8.38%	-1.95%	-4.19%	4.37%	16.47%	66.43%	-4.14%
Dividend Payout	60.35%	61.32%	60%	54.99%	52.27%	-	43.71%	54.13%	77.5%	56.26%

Revenue by Segment

	2023	2024
Total Service Charges on Deposits	65.53M	71.52M
Total Service Charges on Deposits Growth	-	9.14%
Card-based Fees	55.26M	57.09M
Card-based Fees Growth	-	3.30%
Account Service Fees	37.99M	45.45M
Account Service Fees Growth	-	19.64%
Transaction-based and overdraft service charges	27.54M	26.07M
Transaction-based and overdraft service charges Growth	-	-5.33%
Investment Advisory, Management and Administrative Service	13.47M	20.21M
Investment Advisory, Management and Administrative Service Growth	-	50.01%

Frequently Asked Questions

Valuation & Price

Columbia Banking System, Inc. (COLB) has a price-to-earnings (P/E) ratio of 11.5x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Columbia Banking System, Inc. (COLB) grew revenue by 8.1% over the past year. This is steady growth.

Yes, Columbia Banking System, Inc. (COLB) is profitable, generating $478.3M in net income for fiscal year 2024 (18.0% net margin).

Dividend & Returns

Yes, Columbia Banking System, Inc. (COLB) pays a dividend with a yield of 4.90%. This makes it attractive for income-focused investors.

Columbia Banking System, Inc. (COLB) has a return on equity (ROE) of 10.6%. This is reasonable for most industries.

Industry Metrics

Columbia Banking System, Inc. (COLB) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.

Columbia Banking System, Inc. (COLB) has an efficiency ratio of 37.2%. This is excellent, indicating strong cost control.

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