The bank maintains a defensive liquidity posture with a $60.1 billion investment securities portfolio that dwarfs its $7.7 billion in total equity, creating potential sensitivity to interest rate fluctuations.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 16.64B | 511M | 2.08B | 10.99B | 4.49B | 6.63B | 5.51B | 4.18B | 3.6B | 3.7B | 4.15B | 3.3B | 3.9B | 2.58B | 3.17B | 3.77B | 1B | 605.41M | 204.68M | 188.78M | 169.77M | 151.52M | 94.56M | 109.51M | 101.89M | 81.64M | 95.16M | 63.51M | 37M | 75.7M | 70.2M |
| Cash & Due from Banks | 577M | 511M | 1.87B | 2.16B | 1.29B | 2.76B | 2.57B | 1.36B | 622.64M | 634.28M | 1.45B | 773.73M | 1.61B | 790.42M | 543.79M | 598.22M | 1B | 605.41M | 204.68M | 188.78M | 169.77M | 151.52M | 94.56M | 109.51M | 101.89M | 81.64M | 95.16M | 63.51M | 37M | 75.7M | 70.2M |
| Short Term Investments | 0 | 0 | 211.46M | 8.83B | 3.2B | 3.87B | 2.93B | 2.81B | 2.98B | 3.07B | 2.7B | 2.52B | 2.3B | 1.79B | 2.63B | 3.17B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 60.07B | 61.27B | 44.02B | 44.21B | 27.52B | 25.34B | 24.14B | 23.15B | 22.23B | 21.09B | 19.58B | 18.96B | 17.32B | 9.21B | 10.03B | 9.72B | 3.11B | 7.73B | 7.31B | 7.06B | 6.21B | 4.58B | 4.16B | 2.53B | 2.17B | 1.23B | 995.1M | 592.83M | 270.2M | 0 | 0 |
| Investments Growth % | 107.05% | 39.18% | -0.43% | 60.64% | 8.63% | 4.97% | 4.26% | 4.15% | 5.41% | 7.7% | 3.29% | 9.43% | 88.06% | -8.19% | 3.22% | 212.16% | -59.7% | 5.67% | 3.59% | 13.72% | 35.61% | 10.15% | 64.1% | 16.59% | 77% | 23.32% | 67.86% | 119.4% | - | - | - |
| Long-Term Investments | 212.3B | 61.27B | 43.81B | 35.38B | 24.33B | 21.47B | 21.2B | 20.33B | 19.25B | 18.02B | 16.88B | 16.43B | 15.02B | 7.42B | 7.41B | 6.55B | 3.11B | 7.73B | 7.31B | 7.06B | 6.21B | 4.58B | 4.16B | 2.53B | 2.17B | 1.23B | 995.1M | 592.83M | 270.2M | 0 | 0 |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 70.54M | 83.8M | 70.21M | 70.53M | 64.04M | 56.04M | 52.84M | 48.34M | 23.72M | 27M | 30.62M | 0 | 0 | 0 | 0 | 12.55M | 11.67M | 9.58M | 55.31M | 32.51M | 0 | 7.98M | 8.49M | 2.1M | 0 | 0 |
| Goodwill & Intangibles | 2.15B | 2.19B | 1.62B | 1.74B | 189.76M | 132.46M | 108.98M | 1.92B | 1.98B | 1.97B | 1.97B | 1.97B | 1.96B | 824.45M | 712.76M | 695.41M | 696.42M | 652.26M | 766.04M | 774.99M | 689.45M | 11.67M | 419.61M | 55.31M | 32.51M | 0 | 7.98M | 8.49M | 0 | 0 | 0 |
| Goodwill | 1.48B | 1.48B | 1.03B | 1.03B | 0 | 0 | 2.71M | 1.79B | 1.79B | 1.79B | 1.79B | 1.79B | 1.79B | 764.3M | 668.17M | 656.08M | 0 | 0 | 0 | 96.01M | 29.72M | 0 | 29.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 671M | 712M | 592.61M | 712.92M | 189.76M | 132.46M | 106.27M | 133.36M | 192.99M | 183.28M | 179.86M | 177.32M | 173.99M | 60.14M | 44.59M | 39.33M | 696.42M | 652.26M | 766.04M | 678.98M | 659.72M | 11.67M | 389.89M | 55.31M | 32.51M | 0 | 7.98M | 8.49M | 0 | 0 | 0 |
| PP&E (Net) | 426M | 422M | 459.9M | 454.78M | 254.61M | 253.49M | 282.99M | 312.18M | 227.42M | 269.18M | 303.88M | 328.73M | 317.83M | 177.68M | 162.67M | 152.37M | 136.6M | 103.27M | 104.69M | 106.27M | 101.83M | 88.86M | 85.68M | 63.33M | 58.59M | 38.87M | 33.6M | 17.22M | 7.2M | 27.2M | 15.2M |
| Other Assets | -60.07B | 1.7B | 1.58B | 1.53B | 706.09M | 538.12M | 529.11M | 508.38M | 442.53M | 443.84M | 441.31M | 437.69M | 539.56M | 206.32M | 255.66M | 324.22M | 6.72B | 293.43M | 209.75M | 210.91M | 175.54M | 123.28M | 117.28M | 32.93M | 29.87M | 50.33M | 16.2M | 4.72M | 2.39M | 0 | 0 |
| Total Current Assets | 577M | 743M | 3.74B | 12.72B | 6.24B | 8.25B | 7.11B | 5.77B | 5.04B | 4.98B | 5.19B | 4.1B | 4.54B | 2.99B | 3.25B | 3.84B | 1B | 605.41M | 204.68M | 188.78M | 169.77M | 151.52M | 94.56M | 164.81M | 134.4M | 81.64M | 103.14M | 72M | 39.1M | 80.7M | 73.5M |
| Total Non-Current Assets | 2.58B | 66.47B | 47.83B | 39.46B | 25.61B | 22.39B | 22.12B | 23.08B | 21.9B | 20.7B | 19.62B | 19.3B | 18.07B | 8.65B | 8.54B | 7.72B | 10.66B | 8.78B | 8.39B | 8.15B | 7.17B | 5.21B | 4.78B | 2.8B | 2.42B | 1.35B | 1.06B | 625.47M | 279.79M | 27.2M | 15.2M |
| Total Assets | 66.03B | 67.22B | 51.58B | 52.17B | 31.85B | 30.64B | 29.24B | 28.85B | 26.94B | 25.74B | 24.81B | 23.39B | 22.61B | 11.64B | 11.8B | 11.56B | 11.67B | 9.38B | 8.6B | 8.34B | 7.34B | 5.36B | 4.87B | 2.96B | 2.56B | 1.43B | 1.16B | 697.47M | 318.9M | 864.6M | 588.9M |
| Asset Growth % | 88.23% | 30.33% | -1.14% | 63.82% | 3.94% | 4.81% | 1.35% | 7.08% | 4.65% | 3.75% | 6.09% | 3.42% | 94.34% | -1.35% | 2.01% | -0.9% | 24.38% | 9.12% | 3.09% | 13.56% | 37% | 10.01% | 64.42% | 15.96% | 78.9% | 23.26% | 66.19% | 118.71% | -63.12% | 46.82% | 38.5% |
| Return on Assets (ROA) | 1.04% | 0.93% | 1.03% | 0.83% | 1.08% | 1.4% | -5.25% | 1.27% | 1.2% | 0.96% | 0.95% | 0.97% | 0.86% | 0.84% | 0.87% | 0.64% | 0.27% | -1.71% | 0.6% | 0.81% | 1.33% | 1.36% | 1.2% | 1.24% | 1.1% | 0.66% | 1.2% | 2.32% | 1.53% | 1.28% | 0.71% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30.18M | 28.56M | 24.26M | 9.62M | 3.69M | 400K | 0 | 0 |
| Total Debt | 3.99B | 4.01B | 3.9B | 4.76B | 1.72B | 975.13M | 1.6B | 1.7B | 1.44B | 1.47B | 1.57B | 1.55B | 1.67B | 665.55M | 586.75M | 565.73M | 520.07M | 386.58M | 450.29M | 416.09M | 261.19M | 282.77M | 342.97M | 276.47M | 60.45M | 64.26M | 49.39M | 46.16M | 25.2M | 39M | 32M |
| Net Debt | 3.42B | 3.5B | 2.03B | 2.6B | 423.45M | -1.79B | -969.24M | 337.92M | 815.9M | 840.14M | 119.05M | 776.32M | 65.42M | -124.87M | 42.96M | -33.04M | -484.05M | -218.83M | 245.62M | 227.31M | 91.42M | 131.25M | 248.41M | 166.97M | -41.44M | -17.38M | -45.77M | -17.35M | -11.8M | -36.7M | -38.2M |
| Long-Term Debt | 3.83B | 435M | 3.54B | 4.37B | 1.32B | 387.45M | 1.11B | 1.27B | 1.14B | 1.18B | 1.22B | 1.25B | 1.36B | 440.67M | 449.67M | 441.13M | 446.31M | 265.13M | 196.18M | 310.29M | 213.2M | 168.91M | 254.71M | 152.94M | 24.22M | 31.04M | 26.76M | 30.16M | 25.2M | 27M | 0 |
| Short-Term Debt | 162M | 3.45B | 236.63M | 252.12M | 308.77M | 492.25M | 375.38M | 311.31M | 297.15M | 294.3M | 352.95M | 304.56M | 313.32M | 224.88M | 137.07M | 124.61M | 73.76M | 121.45M | 254.12M | 105.79M | 47.98M | 113.86M | 88.27M | 123.53M | 36.23M | 33.22M | 22.63M | 16M | 0 | 12M | 32M |
| Other Liabilities | 54.37B | 54.98B | 836.54M | 814.51M | 585.11M | 317.5M | 299.01M | 297.78M | 0 | 0 | 306.85M | 299.82M | 269.59M | 125.48M | 105.38M | 88.03M | 72.26M | -12.16M | 71.31M | 94.7M | 86.55M | 53.34M | 43.34M | -40M | 0 | 0 | -7.5M | -2K | 1.39M | 0 | 0 |
| Total Current Liabilities | 162M | 3.45B | 41.96B | 41.86B | 27.37B | 27.09B | 25B | 22.79B | 21.43B | 20.24B | 19.37B | 18.01B | 17.21B | 9.34B | 9.52B | 9.36B | 9.51B | 7.56B | 6.84B | 6.7B | 5.89B | 4.4B | 3.89B | 2.53B | 2.17B | 1.26B | 1.03B | 596.99M | 256.2M | 786M | 530M |
| Total Non-Current Liabilities | 58.2B | 55.92B | 4.5B | 5.32B | 1.99B | 804.73M | 1.53B | 1.74B | 1.45B | 1.47B | 1.52B | 1.55B | 1.63B | 566.14M | 555.05M | 529.15M | 518.57M | 252.97M | 267.49M | 405M | 299.75M | 222.25M | 298.05M | 112.94M | 24.22M | 31.04M | 19.26M | 30.16M | 26.59M | 27M | 0 |
| Total Liabilities | 58.36B | 59.38B | 46.46B | 47.18B | 29.37B | 27.89B | 26.53B | 24.53B | 22.88B | 21.73B | 20.9B | 19.54B | 18.83B | 9.91B | 10.07B | 9.89B | 10.03B | 7.81B | 7.11B | 7.1B | 6.19B | 4.62B | 4.19B | 2.64B | 2.19B | 1.29B | 1.05B | 627.14M | 282.8M | 786.2M | 530M |
| Total Equity | 7.66B | 7.84B | 5.12B | 5B | 2.48B | 2.75B | 2.7B | 4.31B | 4.06B | 3.97B | 3.92B | 3.85B | 3.78B | 1.73B | 1.72B | 1.67B | 1.64B | 1.57B | 1.49B | 1.24B | 1.16B | 738.26M | 687.61M | 416.91M | 363.16M | 135.3M | 114.06M | 70.33M | 36.1M | 78.4M | 59M |
| Equity Growth % | 154.55% | 53.18% | 2.47% | 101.43% | -9.8% | 1.65% | -37.31% | 6.35% | 2.19% | 1.34% | 1.74% | 1.82% | 118.88% | 0.2% | 3.09% | 1.82% | 4.86% | 5.35% | 19.93% | 7.24% | 56.61% | 7.37% | 64.93% | 14.8% | 168.41% | 18.62% | 62.19% | 94.81% | -53.95% | 32.88% | 84.38% |
| Equity / Assets (Capital Ratio) | 11.61% | 11.66% | 9.92% | 9.57% | 7.79% | 8.97% | 9.25% | 14.95% | 15.06% | 15.42% | 15.79% | 16.46% | 16.72% | 14.85% | 14.62% | 14.46% | 14.08% | 16.7% | 17.3% | 14.87% | 15.74% | 13.77% | 14.11% | 14.07% | 14.21% | 9.47% | 9.84% | 10.08% | 11.32% | 9.07% | 10.02% |
| Return on Equity (ROE) | 9.16% | 8.49% | 10.55% | 9.33% | 12.88% | 15.41% | -43.41% | 8.46% | 7.88% | 6.15% | 5.92% | 5.85% | 5.36% | 5.7% | 6% | 4.49% | 1.77% | -10.05% | 3.74% | 5.28% | 8.92% | 9.78% | 8.54% | 8.75% | 8.81% | 6.86% | 12.05% | 22.13% | 15.79% | 13.54% | 7.91% |
| Book Value per Share | 26.23 | 26.42 | 24.45 | 25.50 | 11.41 | 12.52 | 12.28 | 19.55 | 18.38 | 17.97 | 17.73 | 17.42 | 20.16 | 15.40 | 15.37 | 14.62 | 15.19 | 22.25 | 24.61 | 20.58 | 21.77 | 16.41 | 18.95 | 14.54 | 17.03 | 6.78 | 7.92 | 8.99 | 4.71 | 5.51 | 6.94 |
| Tangible BV per Share | 18.86 | 19.03 | 16.70 | 16.61 | 10.53 | 11.92 | 11.79 | 10.84 | 9.40 | 9.05 | 8.82 | 8.53 | 9.71 | 8.05 | 9.02 | 8.54 | 8.75 | 12.99 | 11.93 | 7.72 | 8.79 | 16.15 | 7.39 | 12.61 | 15.50 | 6.78 | 7.37 | 7.90 | 4.71 | 5.51 | 6.94 |
| Common Stock | 7.9B | 8.1B | 5.82B | 5.8B | 3.45B | 3.44B | 3.51B | 3.51B | 3.51B | 3.52B | 3.52B | 3.52B | 3.52B | 1.51B | 1.51B | 1.51B | 0 | 1.25B | 1.01B | 0 | 0 | 0 | 0 | 0 | 225.38M | 92.27M | 76.13M | 44.48M | 0 | 0 | 0 |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.51B | 1.54B | 1.25B | 0 | 988.78M | 930.87M | 564.58M | 560.61M | 230.77M | 225.38M | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 59M | -26M | -237.25M | -467.57M | -543.8M | -697.34M | -932.77M | 770.37M | 602.48M | 477.1M | 422.84M | 331.81M | 246.24M | 217.92M | 187.29M | 123.73M | 76.7M | 83.94M | 264.94M | 251.54M | 234.78M | 183.59M | 128.11M | 89.06M | 59.48M | 41.04M | 35.02M | 29.14M | 9.1M | 10.4M | 2.7M |
| Accumulated OCI | -291M | -233M | -461.98M | -340.14M | -426.86M | 1.76M | 122.75M | 29.55M | -58.91M | -24.99M | -21.34M | -2.56M | 12.07M | -4.98M | 24.35M | -1.48B | 24.95M | -1.23B | 14.07M | -387K | -9.44M | -9.91M | -1.11M | -862K | -222.08M | 1.99M | 343K | -3.29M | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.22M | 0 | 0 | 0 | 0 | 0 | 0 | 204.34M | 202.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Regional CRE concentration exposure
According to recent financial statements, Columbia Banking System's total assets grew from $51.6 billion in 2024Q4 to $66.0 billion by 2026Q1, reflecting a significant inorganic expansion that warrants careful scrutiny regarding the quality of the newly acquired loan book and its long-term yield potential.
The jump in asset size appears primarily driven by the Umpqua merger rather than organic loan growth, which complicates the assessment of the bank's underlying growth trajectory. Investors should monitor whether this expanded balance sheet can generate sustainable returns or if it merely increases the bank's exposure to regional economic volatility.
As reported in quarterly filings, the bank's investment securities portfolio ballooned to $60.1 billion in 2026Q1, representing the vast majority of total assets, which suggests a defensive liquidity posture that may limit the bank's ability to capture higher yields in a rising rate environment.
The heavy concentration in securities relative to the total asset base indicates that the bank is currently prioritizing liquidity over aggressive loan book expansion. This strategy may protect the balance sheet against immediate credit shocks but could also constrain net interest margin expansion if the securities are locked into lower-yielding, long-duration assets.
Based on reported figures, the equity-to-assets ratio has remained relatively stable at 0.12 as of 2026Q1, suggesting that the bank is maintaining its capital buffers despite the significant increase in total assets following the recent merger and organizational restructuring.
While the current capital ratio appears adequate for a bank of this size, the transition to a $50 billion-plus asset institution subjects the firm to more stringent regulatory oversight. Maintaining this capital cushion will be critical as the bank navigates the integration of its expanded footprint and potential credit headwinds in its core commercial real estate markets.
As disclosed in recent financial statements, the massive $60.1 billion investment securities portfolio, when compared to the $7.7 billion in total equity, suggests that even minor fluctuations in market interest rates could have a disproportionate impact on the bank's tangible book value.
This high ratio of securities to equity warrants further investigation into the duration and classification of these assets, as they may harbor significant unrealized losses. Investors should monitor whether these holdings are held-to-maturity or available-for-sale, as this distinction will dictate the bank's vulnerability to future interest rate volatility.
Quick answers to the most common questions about buying COLB stock.
As of 2025, Columbia Banking System, Inc. (COLB) had total assets of $67.22B including $743.0M in current assets.
Columbia Banking System, Inc. (COLB) carries total debt of $4.01B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Columbia Banking System, Inc. (COLB) has total shareholders' equity (book value) of $7.84B ($26.42 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Columbia Banking System, Inc. (COLB) reported a current ratio of 0.22x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.