Columbia Banking System, Inc. (COLB) Income Statement
COLB 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCOLB revenue and net income
Where COLB's revenue goes
2025Each bar shows an amount and its share of revenue. COLB kept 17.1% of revenue as net income.
COLB profit margins
COLB growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.3% | +33.6% | +17.7% | +10.3% |
| Gross profit | +19.2% | +22.4% | +14.8% | +7.0% |
| Operating income | +4.5% | +18.6% | — | +8.0% |
| Net income | +3.1% | +17.8% | — | +9.4% |
| EPS (diluted) | +14.0% | +3.7% | +2.3% | +4.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
COLB quarterly EPS vs estimates
Columbia Banking System beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.77).
COLB income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.21B | $2.97B | $2.54B | $1.35B | $1.32B | $1.42B | $1.47B | $1.35B | $1.22B | $1.21B |
| Cost of revenue | $1.04B | $1.14B | $203.9M | $162.0M | −$255,000 | $335.0M | $283.0M | $184.4M | $125.5M | $107.7M |
| Gross profit | $2.17B | $1.82B | $2.54B | $1.19B | $1.32B | $1.09B | $1.19B | $1.16B | $1.10B | $1.10B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $706.5M | $641.4M | $605.8M | $461.7M | $497.4M | $500.1M | $513.6M | $532.9M | $526.3M | $515.3M |
| Total operating expenses | $1.42B | $1.10B | −$2.07B | $735.0M | $760.5M | $2.55B | $719.0M | $739.5M | $748.4M | $737.4M |
| Operating income | $751.3M | $718.8M | $471.2M | $450.6M | $558.2M | −$1.46B | $468.9M | $422.7M | $349.0M | $361.0M |
| Interest income | $2.90B | $2.74B | $2.19B | $646.5M | $536.1M | $517.8M | $530.0M | $497.1M | $374.7M | $338.0M |
| Interest expense | $912.5M | $1.04B | $746.2M | $78.0M | $42.4M | $130.1M | $210.4M | $128.5M | $78.2M | $66.1M |
| Income before taxes | $728.3M | $718.8M | $471.2M | $450.6M | $558.2M | −$1.46B | $468.9M | $422.7M | $349.0M | $361.0M |
| Income taxes | $178.3M | $185.1M | $122.5M | $113.8M | $137.9M | $67.0M | $114.8M | $106.4M | $106.7M | $130.9M |
| Net income | $550.0M | $533.7M | $348.7M | $336.8M | $420.3M | −$1.52B | $354.1M | $316.3M | $242.3M | $230.1M |
| EBITDA | $892.3M | $868.6M | $471.2M | $478.9M | $589.7M | −$1.42B | $512.2M | $475.0M | $407.0M | $420.3M |
| EPS (diluted) | $3.10 | $2.72 | $2.50 | $2.78 | $3.26 | $2.77 | $3.04 | $2.55 | $2.00 | $2.00 |
| Gross margin | 67.7% | 61.5% | 100.0% | 88.0% | 100.0% | 76.5% | 80.8% | 86.3% | 89.7% | 91.1% |
| Operating margin | 23.4% | 24.2% | 18.6% | 33.4% | 42.3% | −102.2% | 31.9% | 31.4% | 28.5% | 29.9% |
| Net margin | 17.1% | 18.0% | 13.7% | 25.0% | 31.9% | −106.9% | 24.1% | 23.5% | 19.8% | 19.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $946.0M | $851.0M | $948.0M | $817.0M | $735.2M | $713.6M | $726.3M | $765.1M | $740.2M | $734.6M | $757.2M | $740.0M |
| Cost of revenue | $248.0M | $250.0M | $231.0M | $305.0M | $253.7M | $249.7M | $267.4M | $297.4M | $299.9M | $278.0M | $292.9M | $251.9M |
| Gross profit | $698.0M | $601.0M | $717.0M | $512.0M | $481.5M | $464.0M | $458.9M | $467.6M | $440.3M | $456.6M | $464.2M | $488.1M |
| Sales, general & admin | $261.0M | $262.0M | $201.0M | $183.0M | $165.8M | $156.7M | $153.8M | $159.7M | $157.0M | $170.9M | $205.6M | $173.1M |
| Total operating expenses | $423.0M | $346.0M | $412.0M | $393.0M | $278.0M | $340.1M | $266.6M | $271.4M | $279.2M | $287.5M | $337.2M | $304.1M |
| Operating income | $275.0M | $255.0M | $305.0M | $119.0M | $203.5M | $123.8M | $192.3M | $196.2M | $161.1M | $169.1M | $127.1M | $184.0M |
| Interest income | $806.0M | $813.0M | $855.0M | $736.0M | $667.2M | $644.5M | $673.9M | $696.2M | $692.6M | $680.5M | $686.8M | $691.1M |
| Interest expense | $221.0M | $222.0M | $231.0M | $235.0M | $224.2M | $222.2M | $239.2M | $268.7M | $268.1M | $260.9M | $238.0M | $215.1M |
| Income before taxes | $275.0M | $255.0M | $282.0M | $119.0M | $203.5M | $123.8M | $192.3M | $196.2M | $161.1M | $169.1M | $127.1M | $184.0M |
| Income taxes | $67.0M | $63.0M | $67.0M | $23.0M | $51.0M | $37.2M | $49.1M | $50.1M | $40.9M | $45.0M | $33.5M | $48.1M |
| Net income | $208.0M | $192.0M | $215.0M | $96.0M | $152.4M | $86.6M | $143.3M | $146.2M | $120.1M | $124.1M | $93.5M | $135.8M |
| EBITDA | $301.0M | $276.0M | $344.0M | $153.1M | $236.4M | $158.9M | $228.6M | $232.8M | $198.2M | $209.0M | $168.9M | $223.3M |
| EPS (diluted) | $0.76 | $0.72 | $0.82 | $0.85 | $0.76 | $0.67 | $0.71 | $0.69 | $0.67 | $0.65 | $0.44 | $0.79 |
| Gross margin | 73.8% | 70.6% | 75.6% | 62.7% | 65.5% | 65.0% | 63.2% | 61.1% | 59.5% | 62.2% | 61.3% | 66.0% |
| Operating margin | 29.1% | 30.0% | 32.2% | 14.6% | 27.7% | 17.4% | 26.5% | 25.7% | 21.8% | 23.0% | 16.8% | 24.9% |
| Net margin | 22.0% | 22.6% | 22.7% | 11.8% | 20.7% | 12.1% | 19.7% | 19.1% | 16.2% | 16.9% | 12.4% | 18.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in COLB's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
COLB financial results
In fiscal year 2025 (ended December 31, 2025), Columbia Banking System reported revenue of $3.2 billion, up 8.3% from the year before. It had net income of $550.0 million (up 3.1%), a net profit margin of 17.1%. Diluted earnings per share came to $3.10. Over five years revenue grew at an average rate of 17.7% a year.
See the COLB stock overview for the latest quote and news, or the COLB chart for price history and technical indicators.
COLB income statement FAQ
What is Columbia Banking System's annual revenue?
Columbia Banking System reported total revenue of $3.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 8.3% from $3.0 billion the previous year.
Is Columbia Banking System profitable?
Yes. Columbia Banking System reported net income of $550.0 million in fiscal 2025, a net profit margin of 17.1%; its operating margin was 23.4%.
What is Columbia Banking System's gross margin?
Columbia Banking System's gross margin was 67.7% in fiscal 2025: for every $100 of revenue, Columbia Banking System kept $68 after the direct cost of its products and services.
How fast is Columbia Banking System growing?
Revenue grew 17.7% a year on average over the last five fiscal years, from $1.4 billion to $3.2 billion.
What are Columbia Banking System's earnings per share?
Columbia Banking System earned $3.10 per diluted share in fiscal 2025, compared with $2.72 a year earlier.
When will Columbia Banking System report its next earnings?
Columbia Banking System is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does Columbia Banking System's fiscal year end?
Columbia Banking System's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.