COLUMBIA BANKING SYSTEM, INC. · Banks

COLB

Moderate riskNext report: Around Jan 21, 2027 (est.)

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The short version

A profitable company.

Going well

Raised its dividend (4.7% yield)
Profitable every year for 10 years
Brings in more cash than it spends

Watch out for

Share count growing 22.6% a year (dilution)

Money moves

No insider buying or selling in the last 30 days
Institutions cut 2.5% from their holdings in the quarter ending June 2026 (256 bought, 246 sold)
Held by Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$31.06+0.7% that day

Company value: $8.8B; Share price times all shares
Price vs profit (P/E): 12.1x; You pay about $12 for each $1 of yearly profit
Price vs sales: 49.6x; Company value is 49.6 times a year of sales
Dividend yield: 4.7%; Yearly dividend as a share of today's price
Cash vs value: 20%; Cash as a share of company value

From COLB's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Profit, Jun '26

$208.0M+37% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $711.0M, up 35% from the 12 months before.

What the price assumes

Your guesses, our math

Move the sliders to your own view of COLB. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).

Sales growth+5% a yearRecent growth not reportedProfit margin10%Not reportedP/E at the end12xToday: 12.1x. Many steady companies trade at 12x to 25xShare count change+10% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$226M

Profit in 5 years$23M

Price these guesses point to$0.59-98% vs $31.06 todayAbout -55% a year, before dividends

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/4Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.8.5%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$746.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+84.3% in 3 years

Revenue: $177.0M
Free cash flow: $746.0M

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: debt under half of equity, net margin 10%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Oct 22After close4:15 pm ET

From the press release

The amount of such adjustment was an addition to recorded income of approximately $2 million for the three months ended September 30, 2026, as compared to $3 million for the three months ended June 30, 2026 and $2 million for the three months ended September 30, 2025.
The amount of such adjustment was an addition to recorded income of approximately $7 million for the nine months ended September 30, 2026, as compared to $4 million for the same period in 2025.
Page 23 . (1) Tax-exempt interest was adjusted to a taxable equivalent basis using a 21% tax rate and added to stated revenue for this calculation.

The numbers below are the quarter before. The new quarter's full numbers come with the 10-Q. Read the press release ↗