Columbia Banking System, Inc. (COLB) AI Stock Analysis

Established in 1993 and based in Tacoma, Washington, Columbia Banking System operates as a bank holding company for Columbia State Bank. The firm operates 153 branch locations across Washington, Oregon, Idaho, and California. It provides a broad selection of financial products, including checking, savings, money market, certificates of deposit, home mortgages, and equity lines of credit. For commercial clients, it offers commercial lending, agricultural loans, commercial real estate financing, treasury management, and international banking. The company also delivers wealth management, trust services, estate planning, and retirement planning across its footprint.

Annual revenue grew from $1.32B in FY2021 to $3.21B in FY2025, reflecting a 5-year CAGR of 17.7%. Over that span, net income increased from $420.3M in FY2021 to $550.0M in FY2025, though diluted EPS moved from $3.26 to $3.10. Operating margin stood at 23.4% in FY2025 compared to 42.3% in FY2021, while net margin registered at 17.1%. Over the trailing twelve months ended June 30, 2026, revenue totaled $2.50B with an operating margin of 50.9% and EPS of $2.55. In the quarter ended June 30, 2026, quarterly revenue grew 35.1% year-over-year, while quarterly earnings rose 0.2%.

As of June 30, 2026, Columbia Banking System held $648.0M in cash and short-term investments alongside total debt of $4.88B, yielding net debt of $4.23B. Total assets stood at $65.38B and shareholders' equity was $7.55B, resulting in a debt-to-equity ratio of 0.65 and a current ratio of 0.01. In FY2025, the bank produced $746.0M in operating cash flow and $706.0M in free cash flow. Capital allocation in FY2025 included $40.0M in capital expenditures, $109.0M in share buybacks, and $335.0M in dividends paid, while the 5-year share count increased 31.8%.

Columbia Banking System trades at a trailing P/E of 11.2x and a forward P/E of 8.6x, compared to medians of 12.1x and 10.8x for US-listed Financial Services peers. Its price-to-sales multiple is 3.2x, matching the peer median of 3.2x, while its price-to-book multiple is 1.1x. The stock has gained 24.2% over the past year, outperforming the S&P 500's 16.8% return. Over a 5-year timeframe, however, the shares gained 13.3%, trailing the S&P 500's return of 83.0%. The stock closed at $28.44 on October 16, 2026, which is 2.8% below its 200-day moving average.

Columbia Banking System offers a forward annualized dividend of $1.48 per share, which equates to a 5.20% dividend yield at the last close of $28.44. The dividend payout ratio is 47.0%, and the bank has paid dividends for 24 consecutive years. However, its 5-year annualized dividend growth fell 5.9%. Dividends are distributed quarterly, and the most recent ex-dividend date was August 28, 2026.

Wall Street analyst coverage includes 4 Strong Buy, 2 Buy, and 9 Hold ratings, with zero Sell or Strong Sell recommendations. The mean price target of $33.33 sits 17.2% above the last closing price of $28.44. For the current fiscal year ending December 31, 2026, consensus estimates project EPS to decline 2.8% to $3.03 on revenue of $2.74B. For the next fiscal year, 14 analysts expect EPS to rise 8.9% to $3.30 on $2.80B in revenue. The company beat EPS estimates in all 4 of the last 4 quarters, and its next earnings date is October 22, 2026.

This page is an AI-written research summary of Columbia Banking System, Inc. (COLB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: COLB income statement, COLB balance sheet, COLB key metrics, COLB analyst forecast, COLB chart. See the COLB stock overview for the latest quote and news.