Columbia Banking System Inc

Latest Results (14.05.2026):

Columbia Banking System, Inc. reported results for the first quarter of 2026 (1Q26). Net income was $192 million (GAAP) and operating net income was $209 million; diluted earnings per share were $0.66 and operating diluted EPS was $0.72. Results reflected a decline in net interest income and margin versus the prior quarter, lower non‑interest income, and lower non‑interest expense, while management continued share repurchases and maintained a quarterly dividend.

Earnings

1Q26 net income: $192M; operating net income: $209M. Diluted EPS: $0.66 (GAAP) and operating diluted EPS: $0.72.

Net interest income & margin

Net interest income was $594M, down $33M sequentially. Net interest margin was 3.96%, down 10 bps from 4.06% in 4Q25 (prior quarter benefited from premium amortization and an accelerated loan payoff that did not repeat).

Non‑interest income & expense

Non‑interest income was $83M (down $7M QoQ, driven by lower swap, syndication and international banking revenue and typical seasonality). Non‑interest expense was $394M (down $18M QoQ, reflecting lower merger expense and acquisition‑related cost savings).

Credit quality

Provision for credit losses: $28M (up from $23M in 4Q25). Net charge‑offs annualized: 0.30% of average loans (vs. 0.25% in 4Q25). Non‑performing assets were $264M, 0.40% of total assets (up from 0.30%). Allowance for credit losses was $478M (1.00% of loans).

Balance sheet & liquidity

Total assets: $66.0B; loans and leases: $47.7B; total deposits: $53.5B. Cash and temporary investments declined as part of balance‑sheet optimization; total available liquidity (including secured off‑balance sheet lines) was $27.1B, or 41% of assets.

Capital return & capital ratios

Declared and paid quarterly cash dividend of $0.37 per share. Repurchased $200M of common stock in 1Q26 (6.5M shares at an average $30.74). Estimated total risk‑based capital ratio: 13.3%; estimated CET1: 11.5% (above “well‑capitalized” minimums). Book value/share: $26.47; tangible book value/share: $19.03.

Acquisition / operational update

Columbia completed systems conversion and nine branch consolidations related to the Pacific Premier acquisition during 1Q26; management expects to realize all disclosed cost savings by June 30, 2026.

Management commentary

Management emphasized priorities of sustainable performance, balance‑sheet optimization (commercial loan growth and reduced brokered deposits), continued disciplined underwriting and returning excess capital to shareholders via buybacks and dividends.