Saturday 17 October 2026
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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. In the quarter to June 2026, revenue grew 22.2%, EPS was flat and free cash flow grew 238.8%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for five; insiders bought in the last twelve months.
28.44
0.19
−0.66%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 26.17 | 35.67 | 31.35 | 30.65 | 19.11 | 30.09 | 26.97 | 17.54 | 17.08 | 19.61 |
Analyst estimates 2026–2028 Powerpack |
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| High | 45.27 | 48.06 | 46.71 | 41.40 | 40.83 | 50.68 | 37.66 | 33.24 | 32.85 | 29.61 | |||||
| People | |||||||||||||||
| People | Employees | 1,819 | 2,120 | 2,137 | 2,162 | 2,187 | 2,260 | 2,093 | 5,114 | 4,721 | 6,005 | ||||
| Revenue/emp, $m | 0.23 | 0.23 | 0.27 | 0.29 | 0.28 | 0.58 | 0.64 | 0.54 | 0.63 | 0.54 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 426 | 484 | 585 | 627 | 622 | 1,318 | 1,348 | 2,743 | 2,966 | 3,214 | ||||
| Gross margin, % | 98.98 | 98.61 | 96.89 | 94.17 | 97.16 | 96.78 | 94.21 | 72.80 | 65.04 | 71.59 | |||||
| EBT | 150 | 178 | 212 | 242 | 192 | 558 | 451 | 471 | 719 | 728 | |||||
| EBT margin, % | 35.16 | 36.74 | 36.19 | 38.53 | 30.92 | 42.34 | 33.44 | 17.17 | 24.24 | 22.65 | |||||
| Net income | 105 | 113 | 173 | 194 | 154 | 420 | 337 | 349 | 534 | 550 | |||||
| Depreciation | 35 | 31 | 33 | 34 | 15 | 46 | 35 | 76 | 72 | 49 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 7.45 | 8.09 | 8.09 | 8.71 | 8.79 | 10.10 | 10.42 | 14.04 | 14.23 | 13.50 | ||||
| Earnings | 1.81 | 1.86 | 2.39 | 2.68 | 2.17 | 2.79 | 3.20 | 1.79 | 2.56 | 2.31 | |||||
| Cash flow | 2.55 | 2.15 | 3.28 | 2.84 | 2.71 | 5.08 | 8.24 | 3.43 | 3.16 | 3.13 | |||||
| Capex | 0.09 | 0.10 | 0.07 | 0.00 | (0.08) | (0.12) | (0.21) | 0.21 | (0.17) | (0.17) | |||||
| Free cash flow | 2.64 | 2.25 | 3.34 | 2.85 | 2.63 | 4.96 | 8.03 | 3.64 | 2.99 | 2.97 | |||||
| Book value | 21.88 | 32.56 | 28.09 | 30.00 | 33.14 | 19.84 | 19.18 | 25.58 | 24.55 | 32.94 | |||||
| Shares, m | 57 | 60 | 72 | 72 | 71 | 130 | 129 | 195 | 208 | 238 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 24.60 | 22.86 | 15.38 | 15.18 | 16.54 | 11.69 | 10.52 | 16.11 | 10.51 | 12.37 | ||||
| P/S | 5.98 | 5.37 | 4.49 | 4.67 | 4.09 | 3.24 | 2.81 | 1.89 | 1.90 | 2.07 | |||||
| P/B | 2.04 | 1.33 | 1.29 | 1.36 | 1.08 | 1.65 | 1.53 | 1.04 | 1.10 | 0.85 | |||||
| EV/Sales | 5.47 | 4.76 | 4.70 | 5.80 | 3.05 | 2.62 | 1.86 | 1.11 | 1.27 | 1.33 | |||||
| EV/FCF | 15.42 | 17.15 | 11.36 | 17.74 | 10.17 | 5.33 | 2.41 | 4.28 | 6.05 | 6.07 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 146 | 129 | 237 | 205 | 192 | 663 | 1,065 | 670 | 659 | 746 | ||||
| Capex | 5 | 6 | 5 | 0 | (6) | (15) | (27) | 41 | (36) | (40) | |||||
| Free cash flow | 151 | 134 | 242 | 205 | 187 | 647 | 1,038 | 711 | 623 | 706 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (1,737) | (1,947) | (1,920) | (1,813) | (3,965) | (6,740) | (1,471) | (7,039) | (6,291) | (8,101) | ||||
| Total debt | 6 | 47 | 400 | 953 | 7 | 7 | 954 | — | — | — | |||||
| Net debt | (218) | (295) | 122 | 706 | (646) | (817) | (1,295) | (2,163) | (1,878) | (2,380) | |||||
| Shareholders’ equity | 1,251 | 1,950 | 2,034 | 2,160 | 2,348 | 2,589 | 2,480 | 4,995 | 5,118 | 7,840 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 1.12 | 1.00 | 1.34 | 1.43 | 1.01 | 2.24 | 1.28 | 0.83 | 1.03 | 0.93 | ||||
| ROIC | 9.06 | 6.72 | 6.14 | 5.27 | 7.07 | 20.23 | 24.68 | 14.19 | 14.33 | 10.03 | |||||
| ROE | 8.30 | 6.96 | 8.68 | 9.27 | 6.84 | 17.03 | 13.29 | 9.34 | 10.56 | 8.49 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Columbia Banking System, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ZION Zions Bancorporation, N.A. | $9.2B | 8.1× | 9.7× | +19.18% (above 0%: growing) | +87.12% (above 0%: growing) | +518.28% (above 0%: growing) | 76.88% | 0.00% | Compare |
| BSMX Grupo Financiero Santander Mexico S.A. B. de C.V. | $8.3B | 5.1× | — | +69.52% (above 0%: growing) | +66.67% (above 0%: growing) | −144.08% (below 0%: shrinking) | 51.50% | 0.00% | Compare |
| PB Prosperity Bancshares, Inc. | $8.1B | 11.7× | 12.3× | +19.38% (above 0%: growing) | +17.61% (above 0%: growing) | +70.11% (above 0%: growing) | 75.21% | 0.00% | Compare |
| WAL Western Alliance Bancorporation | $8.1B | 8.4× | 8.3× | +9.83% (above 0%: growing) | +13.46% (above 0%: growing) | +0.90% (above 0%: growing) | 69.60% | 0.00% | Compare |
| COLB Columbia Banking System, Inc. | $8.1B | 11.3× | 10.0× | +22.18% (above 0%: growing) | 0.00% | +238.82% (above 0%: growing) | 75.39% | 0.00% | |
| CBSH Commerce Bancshares, Inc. | $8.0B | 13.5× | 13.0× | +12.33% (above 0%: growing) | −3.51% (below 0%: shrinking) | +68.33% (above 0%: growing) | 84.73% | 0.00% | Compare |
| CBC Central Bancompany | $8.0B | 18.4× | 14.9× | +10.36% (above 0%: growing) | +9.05% (above 0%: growing) | −5.17% (below 0%: shrinking) | 85.56% | 0.00% | Compare |
| BOKF BOK Financial Corporation | $7.6B | 11.8× | 12.5× | +3.20% (above 0%: growing) | +33.33% (above 0%: growing) | +1,441.49% (above 0%: growing) | 67.23% | 0.00% | Compare |
| VLY Valley National Bancorp | $7.1B | 10.6× | 10.8× | +4.09% (above 0%: growing) | +30.43% (above 0%: growing) | +2.65% (above 0%: growing) | 62.09% | 0.00% | Compare |
| Median of peers | $8.0B | 11.2× | 12.3× | +11.35% | +24.02% | +35.49% | 72.41% | 0.00% |
Columbia Banking System, Inc. (COLB) key facts
- Strength: Columbia Banking System, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.2 billion, up 8.36% from fiscal 2024.
- Columbia Banking System, Inc. (COLB) is a Banks Regional company in the Financial sector, listed on Nasdaq.
- As of October 16, 2026, COLB traded at $28.44, a market capitalization of $8.1 billion.
- Columbia Banking System, Inc. pays an annual dividend of $1.48 per share, a yield of 5.20%, with a payout ratio of 59.0%.
- Return on equity was 8.49% and debt-to-equity 0.00.
- Its Piotroski F-score is 5 out of 9 for fiscal 2025.