COLUMBIA BANKING SYSTEM, INC. (COLB) Form 8-K — Oct 22, 2026
Columbia Banking System (COLB) reported Q3 2026 net income of $220 million, or $0.78 diluted EPS, with operating net income of $229 million ($0.82). Net interest income rose $26 million quarter-over-quarter to $615 million and net interest margin expanded 18 bps to 4.11%, driven by higher loan yields and a favorable funding mix shift. The Board authorized a new $1.2 billion share repurchase program with no expiration date, following completion of the prior plan that bought back 23.3 million shares (7.8% of outstanding) at an average of $29.88. Columbia also repurchased 6.5 million shares (2.3%) during Q3 at an average of $30.65.
Key figures
- Eps
- 0.78
- Revenue
- $695 million (GAAP revenue, Q3 2026)
- Net Income
- $220 million
- Total Debt
- $3.3 billion borrowings
- Total Assets
- $65.1 billion
- Cash Position
- $1.7 billion
- Shares Outstanding
- 276330000
- Roaa
- 1.34%
- Deposits
- $52.7 billion
- Acl ratio
- 1.02%
- Cet1 ratio
- 11.5%
- Q3 buyback
- 6.5 million shares at average $30.65
- Gross loans
- $46.9 billion
- Net charge offs
- 0.24% of average loans (annualized)
- Completed buyback
- 23.3 million shares at average $29.88 (7.8% of outstanding)
- Dividend per share
- $0.37
- Net interest income
- $615 million
- Net interest margin
- 4.11% (up 18 bps q/q)
- Book value per share
- 25.62
- Operating net income
- $229 million
- Operating eps diluted
- 0.82
- Return on common equity
- 11.78%
- New buyback authorization
- $1.2 billion
- Subordinated notes issued
- $250 million at 6.721% fixed for 5 years, due 2036
- Trust preferred redemption
- approximately $240 million
- Non performing assets ratio
- 0.39%
- Provision for credit losses
- $33 million
- Tangible book value per share
- 18.1
- Total risk based capital ratio
- 13.8%
AI analysis
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