COLUMBIA BANKING SYSTEM, INC. REPORTS THIRD QUARTER 2026 RESULTS
Columbia Banking System reported Q3 2026 net income of $220 million ($0.78 diluted EPS), up 129% YoY, with operating net income of $229 million ($0.82 operating diluted EPS). Net interest income rose $26 million sequentially to $615 million and NIM expanded 18 bps to 4.11% on higher loan yields and a favorable funding mix shift; ROAA improved to 1.34% and the efficiency ratio fell to 53.08%. The board authorized a new $1.2 billion buyback with no expiration after Columbia completed its prior plan, repurchasing 23.3 million shares (7.8% of shares outstanding) at an average $29.88; the company also returned over $1 billion to shareholders over the past year.
Key figures
- Eps
- 0.78
- Revenue
- $695 million
- Revenue Yoy
- 19%
- Aoci
- -$708 million
- Cet1 ratio
- 11.5%
- Q3 buyback
- $199 million repurchased; 6.5M shares at avg $30.65
- Total assets
- 65135000000
- Nim change qoq
- +18 bps
- Total deposits
- 52740000000
- Efficiency ratio
- 53.08%
- Completed buyback
- 23.3M shares at avg $29.88, 7.8% of shares outstanding
- Dividend per share
- 0.37
- Gross loans leases
- 46915000000
- Net interest income
- 615000000
- Net interest margin
- 4.11%
- Book value per share
- 25.62
- Operating net income
- $229 million
- Net charge offs ratio
- 0.24% annualized
- New deposits campaign
- over $700 million
- Operating eps diluted
- 0.82
- Return on average assets
- 1.34%
- New buyback authorization
- 1200000000
- Subordinated notes issued
- $250 million at 6.721%, due 2036
- Non performing assets ratio
- 0.39%
- Provision for credit losses
- 33000000
- Planned debenture redemption
- approximately $240 million
- Tangible book value per share
- 18.1
- Total risk based capital ratio
- 13.8%
- Return on average common equity
- 11.78%
AI analysis
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