Headquartered in Tacoma, Washington, Columbia Banking System, Inc. is the holding company of Columbia Bank, a Washington state-charteredfull-service commercial bank with locations throughout Washington, Oregon and Idaho. The bank has been named one of Puget Sound Business Journal's "Washington's Best Workplaces," more than 10 times and was recently honored as #1 in Customer Satisfaction with Retail Banking in the Northwest region by J.D. Power in the 2020 U.S. Retail Banking Satisfaction Study. Columbia was named the #1 bank in the Northwest on the Forbes 2020 list of "America's Best Banks" marking nearly 10 consecutive years on the publication's list of top financial institutions. More information about Columbia can be found on its website at www.columbiabank.com.
Columbia Bank received the highest score in the Northwest region of the J.D. Power 2020 U.S. Retail Banking Satisfaction Study of customer satisfaction with their own retail bank.

Company profile
Ticker
COLB
Exchange
Website
CEO
Clint E. Stein
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
COLUMBIA BANKING SYSTEM INC
SEC CIK
Corporate docs
Subsidiaries
Columbia Trust Company • Totten Inc. ...
IRS number
911422237
COLB stock data
News
Piper Sandler Maintains Neutral on Columbia Banking System, Lowers Price Target to $31
2 May 22
Stocks That Hit 52-Week Lows On Friday
29 Apr 22
Stocks That Hit 52-Week Lows On Thursday
28 Apr 22
Columbia Banking System: Dividend Insights
28 Apr 22
RBC Capital Maintains Sector Perform Rating for Columbia Banking System: Here's What You Need To Know
22 Apr 22
Press releases
COLUMBIA BANK AWARDS $100,000 IN GRANTS TO FOUR AFFORDABLE HOUSING ADVOCATES
4 May 22
COLUMBIA BANK BRINGS UNIQUE BANKING, COMMUNITY EXPERIENCE TO OLD BELLEVUE
26 Apr 22
Columbia Banking System Announces First Quarter 2022 Results and Quarterly Cash Dividend
21 Apr 22
Columbia Banking System Announces First Quarter 2022 Earnings Release and Conference Call Date
31 Mar 22
Analyst ratings and price targets
Current price
Average target
$35.00
Low target
$31.00
High target
$38.00
Piper Sandler
Maintains
$31.00
Raymond James
Maintains
$38.00
RBC Capital
Maintains
$36.00
Calendar
5 May 22
26 Jun 22
31 Dec 22
Financial summary
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Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
10 Jun 22 | Craig D Eerkes | Common Stock | Buy | Acquire P | No | No | 28.52 | 1,694 | 48.31K | 20,227 |
2 May 22 | Aaron James Deer | Common Stock | Buy | Acquire P | No | No | 28 | 3,000 | 84K | 15,427 |
27 Mar 22 | Eric J Eid | Common Stock | Payment of exercise | Dispose F | No | No | 34.07 | 229 | 7.8K | 20,703 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 252 |
Opened positions | 34 |
Closed positions | 28 |
Increased positions | 95 |
Reduced positions | 79 |
13F shares | Current |
---|---|
Total value | 2.56B |
Total shares | 78.99M |
Total puts | 7.3K |
Total calls | 0 |
Total put/call ratio | Infinity |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 11.57M | $373.41M |
Vanguard | 9.09M | $293.29M |
STT State Street | 5.81M | $187.51M |
BEN Franklin Resources | 3.76M | $121.19M |
Dimensional Fund Advisors | 3.64M | $117.36M |
TROW T. Rowe Price | 3.08M | $99.52M |
Cardinal Capital Management | 2.71M | $87.57M |
ATAC Neuberger Berman | 2.29M | $73.85M |
BK Bank Of New York Mellon | 1.99M | $64.19M |
WHG Westwood | 1.84M | $59.42M |
Financial report summary
?Risks
- A failure in or breach of our operational or security systems, or those of our third party service providers, including as a result of cyber-attacks, could disrupt our business, result in unintentional disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and cause losses.
- Acquisitions and the integration of acquired businesses subject us to various risks and may not result in all of the benefits anticipated, future acquisitions may be dilutive to current shareholders and future acquisitions may be delayed, impeded or prohibited due to regulatory issues.
- Regulatory approvals may not be received, may take longer than expected, or may impose conditions that are not presently anticipated or that could have an adverse effect on the combined company following the proposed merger with Umpqua.
- Failure to complete the proposed merger with Umpqua could negatively impact Columbia.
- Combining Columbia and Umpqua may be more difficult, costly or time-consuming than expected, and Columbia may fail to realize the anticipated benefits of the merger.
- The combined company may be unable to retain Columbia and/or Umpqua personnel successfully after the merger is completed.
- Columbia will be subject to business uncertainties and contractual restrictions while the merger with Umpqua is pending.
- Shareholder litigation related to the merger with Umpqua could prevent or delay the completion of the merger, result in the payment of damages or otherwise negatively impact the business and operations of Columbia.
- The merger agreement between the Company and Umpqua may be terminated in accordance with its terms and the merger may not be completed.
- Our assumptions regarding the fair value of assets acquired could be inaccurate, which could materially and adversely affect our business, financial condition, results of operations, and future prospects.
- If the goodwill we have recorded in connection with acquisitions becomes impaired, it could have a material adverse impact on our earnings and shareholders’ equity.
- We may not be able to attract or retain key employees.
- Our ability to sustain or improve upon existing performance is dependent upon our ability to respond to technological change, and we may have fewer resources than some of our competitors to continue to invest in technological improvements.
- Significant legal or regulatory actions could subject us to substantial uninsured liabilities and reputational harm and have a material adverse effect on our business and results of operations.
- We are subject to a variety of operational risks, including reputational risk, legal risk and compliance risk, and the risk of fraud or theft by employees or outsiders, which may adversely affect our business and results of operations.
- We face reputation and business risks due to our interactions with business partners, service providers and other third parties.
- Failure to maintain effective internal control over financial reporting or disclosure controls and procedures may adversely affect our business and results of operations.
- Economic conditions in the market areas we serve may adversely impact our earnings and could increase our credit risk associated with our loan portfolio, the value of our investment portfolio and the availability of deposits.
- Concentrations within our loan portfolio could result in increased credit risk in a challenging economy.
- A large percentage of our loan portfolio is secured by real estate, in particular commercial real estate. Deterioration in the real estate market or other segments of our loan portfolio would lead to additional losses.
- Our allowance may not be adequate to cover future loan losses, which could adversely affect earnings.
- Nonperforming assets take significant time to resolve and could adversely affect our results of operations and financial condition.
- Fluctuating interest rates could adversely affect our business.
- Interest rates on certain of our outstanding financial instruments are subject to change based on regulatory developments, which could adversely affect our revenue, expenses and the value of those financial instruments.
- Our business depends on our ability to successfully manage credit risk.
- We may be required, in the future, to recognize a credit loss with respect to investment securities.
- We are exposed to the risk of environmental liabilities in connection with real properties acquired.
- Our management of capital could adversely affect profitability measures and the market price of our common stock and could dilute the holders of our outstanding common stock.
- Conditions in the financial markets may limit access to additional funding to meet liquidity needs.
- We operate in a highly regulated environment and changes to or increases in, or supervisory enforcement of, banking or other laws and regulations or governmental fiscal or monetary policies could adversely affect us.
- Changes in accounting standards could materially impact our financial statements.
- National and global economic and other conditions could adversely affect our future results of operations or market price of our stock.
- Climate change concerns could adversely affect our business, affect client activity levels and damage our reputation.
- Our business is subject to the risks of earthquakes, tsunamis, floods, fires and other natural catastrophic events.
- There can be no assurance as to the level of dividends we may pay on our common stock.
- We rely on dividends and other payments from our bank for substantially all of our revenue.
- We have various anti-takeover measures that could impede a takeover.
Management Discussion
- Our results of operations are dependent to a large degree on our net interest income. We also generate noninterest income from our broad range of products and services including treasury management, wealth management and debit and credit cards. Our operating expenses consist primarily of compensation and employee benefits, occupancy, data processing and software and legal and professional fees. Like most financial institutions, our interest income and cost of funds are affected significantly by general economic conditions, particularly changes in market interest rates, and by government policies and actions of regulatory authorities.
- In November 2020, the SEC issued Final Rule 33-10890, Management’s Discussion and Analysis, Selected Financial Data and Supplementary Financial Information, which modernizes and simplifies certain disclosure requirements of Regulation S-K. One update to Item 303 of Regulation S-K allows registrants to compare the results of the most recently completed quarter to the results of either the immediately preceding quarter or the corresponding quarter of the preceding year. We have adopted this change, as management believes that comparing current quarter results to those of the immediately preceding quarter is more useful in identifying current business trends and provides a more meaningful comparison. Additionally, in the first filing after the adoption of this rule change, we are required to disclose a comparison of the results for the current quarter and the corresponding quarter of the preceding fiscal year. Accordingly, we have compared the results for the three months ended March 31, 2022, December 31, 2021 and March 31, 2021, where applicable throughout this Management’s Discussion and Analysis.
Content analysis
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New words:
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Removed:
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Financial reports
Current reports
8-K
Regulation FD Disclosure
26 May 22
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 22
8-K
Columbia Banking System Announces First Quarter 2022 Results
21 Apr 22
8-K
Columbia Banking System and Umpqua Holdings Corporation Announce Receipt of Shareholder Approvals to Combine
28 Jan 22
8-K
Columbia Banking System Announces Fourth Quarter and Full Year 2021 Results
20 Jan 22
8-K
Other Events
19 Jan 22
8-K
Other Events
29 Dec 21
8-K
Columbia Banking System Announces Third Quarter 2021 Results
28 Oct 21
8-K
Entry into a Material Definitive Agreement
15 Oct 21
8-K
Columbia Banking System and Umpqua Holdings Corporation Combining to Create the West Coast’s Leading Regional Bank
12 Oct 21
Registration and prospectus
425
Business combination disclosure
20 Jan 22
425
Business combination disclosure
19 Jan 22
S-3ASR
Automatic shelf registration
29 Dec 21
425
Business combination disclosure
10 Dec 21
425
Business combination disclosure
10 Dec 21
425
Business combination disclosure
9 Dec 21
425
Business combination disclosure
9 Dec 21
425
Business combination disclosure
8 Dec 21
425
Business combination disclosure
8 Dec 21
424B3
Prospectus supplement
3 Dec 21
Other
EFFECT
Notice of effectiveness
6 Dec 21
CORRESP
Correspondence with SEC
1 Dec 21
UPLOAD
Letter from SEC
28 Nov 21
EFFECT
Notice of effectiveness
18 Aug 21
CORRESP
Correspondence with SEC
12 Aug 21
UPLOAD
Letter from SEC
8 Aug 21
EFFECT
Notice of effectiveness
23 Apr 17
CORRESP
Correspondence with SEC
20 Apr 17
CORRESP
Correspondence with SEC
20 Mar 17
UPLOAD
Letter from SEC
9 Mar 17
Ownership
4
COLUMBIA BANKING SYSTEM / CRAIG D EERKES ownership change
13 Jun 22
4/A
COLUMBIA BANKING SYSTEM / TOM HULBERT ownership change
5 May 22
4
COLUMBIA BANKING SYSTEM / Aaron James Deer ownership change
4 May 22
4
COLUMBIA BANKING SYSTEM / TOM HULBERT ownership change
29 Apr 22
4/A
COLUMBIA BANKING SYSTEM / David C Lawson ownership change
4 Apr 22
4/A
COLUMBIA BANKING SYSTEM / Lisa Dow ownership change
4 Apr 22
4
COLUMBIA BANKING SYSTEM / Devine David Moore ownership change
29 Mar 22
4
COLUMBIA BANKING SYSTEM / Christopher Merrywell ownership change
29 Mar 22
4
COLUMBIA BANKING SYSTEM / Eric J Eid ownership change
29 Mar 22
4
COLUMBIA BANKING SYSTEM / Clint Stein ownership change
29 Mar 22
Transcripts
2022 Q1
Earnings call transcript
21 Apr 22
2021 Q4
Earnings call transcript
20 Jan 22
2021 Q3
Earnings call transcript
31 Oct 21
2021 Q2
Earnings call transcript
31 Jul 21
2021 Q1
Earnings call transcript
2 May 21
2020 Q4
Earnings call transcript
29 Jan 21
2020 Q3
Earnings call transcript
31 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
3 May 20
2019 Q4
Earnings call transcript
23 Jan 20
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