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Friday 6 November 2026 Export COLB’s income statement to Excel — free account

Columbia Banking System, Inc.

COLB Financial Banks Regional

Columbia Banking System, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 8.36% from fiscal 2024.

Revenue
+11.6%
EPS
+95.0%
Free cash flow
+238.8%

Quarter to September 2026, against a year earlier

30.51 0.86 −2.74%
Market cap
$8.6B
P/E
10.6×
Fwd P/E
10.4×
Dividend yield
4.85%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Columbia Banking System, Inc. (COLB) valuation and DCF model

What the price implies · reverse DCF

At $30.51 the price implies 23.6% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew 0.3% a year over the last ten years, 0.8% over the last five. The price asks for more than four times its ten-year rate. Return on equity averaged 9.9% over ten years; the price implies 10.3% for good.

In December 2017 the price assumed 15.1% a year; Columbia Banking System, Inc. went on to grow the dividend a share 23.2% a year to FY2025.

Price implies
23.6%
Last 5 years, reported
0.8%
Last 10 years, reported
0.3%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
23.6% a year for ten years
$30.51
today’s price
Its base case
0.3% a year for five years, then 0.2%
$5.30
82.6% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Columbia Banking System, Inc.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 23.6% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Columbia Banking System, Inc.’s own cost of capital: risk-free 4.3% + beta 0.69 × equity premium 4.5% = 7.4% cost of equity; weighted, 7.4%.

Use 7.4%
Base case value per share $5.30 ten years discounted, and what follows
Current price $30.51 market price per share
Below today’s price 82.6% downside at the base case’s assumptions

How we got there$2.59 10 years of dividends+$2.72 terminal value=$5.30 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Banks Regional).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 10.56× 12.01× 14.17× 26% below 12.02× 12% below
P/FCF 6.74× 7.23× 10.09× 33% below 10.60× 36% below
P/B 1.20× 1.14× 1.24× 3% below 1.23× 2% below
EV/Sales — 1.64× 3.20× — 3.90× —
P/E P/FCF P/B EV/Sales
1.65×2.92×4.19×5.45×10Y avg 3.20×2016201720182019202020212022202320242025

EV/Sales has no reading today; its 10-year average is 3.20×.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.