Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in Washington, Oregon, and Idaho. It offers personal banking products and services, including non-interest and interest-bearing checking, savings, money market, and certificate of deposit accounts; home mortgages for purchases and refinances, home equity loans and lines of credit, and other personal loans; debit and credit cards; and digital banking services. The company also provides business banking products and services, such as checking, savings, interest-bearing money market, and certificate of deposit accounts; agricultural, asset-based, builder and other commercial real estate loans, as well as loans guaranteed by the small business administration; debit and credit cards; and professional banking, treasury management, merchant card, and international banking services. In addition, it offers wealth management solutions that include financial planning services, such as asset allocation, net worth analysis, estate planning and preservation, education funding, and wealth transfer; insurance solutions, which include long-term care, and life and disability insurance; individual retirement solutions comprising retirement planning, retirement income strategies, and traditional and roth individual retirement accounts; and business solutions, which comprise business retirement plans, key person insurance, business succession planning, and deferred compensation plans to individuals, families, and professional businesses. Further, the company provides fiduciary, investment, and administrative trust services, such as personal and special needs trusts, estate settlement services, and investment agency and charitable management services. As of December 31, 2020, it operated approximately 145 branches. The company was founded in 1993 and is headquartered in Tacoma, Washington.
IPO Year: 1992
Exchange: NASDAQ
Website: columbiabank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/6/2025 | $33.00 → $35.00 | Equal Weight → Overweight | Wells Fargo |
| 12/17/2024 | Neutral | UBS | |
| 9/24/2024 | $28.00 → $31.00 | Neutral → Outperform | Wedbush |
| 3/8/2024 | $20.00 | Equal Weight | Barclays |
| 1/25/2024 | $30.00 → $25.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 1/25/2024 | $32.00 → $25.00 | Buy → Neutral | DA Davidson |
| 1/25/2024 | $31.00 → $24.00 | Overweight → Equal-Weight | Stephens |
| 1/25/2024 | $25.00 | Strong Buy → Outperform | Raymond James |
| 12/1/2023 | $23.00 | Neutral | Citigroup |
| 10/6/2023 | $18.00 → $21.00 | Sell → Neutral | UBS |
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TACOMA, Wash., April 23, 2025 /PRNewswire/ -- $87 million $140 million $0.41 $0.67 Net income Operating net income 1 Earnings per diluted common share Operating earnings per diluted common share 1 CEO Commentary "Our consistent, repeatable performance in 2024 carried through to the first quarter of 2025," said Clint Stein, President and CEO. "Although the global environment is rife with uncertainty, our operations remain steadfast. Our consistent approach to banking is a key contributor to Columbia's success through business and credit cycles, and our teams' dedication to fo
Natural Combination of the Western Region's Leading Business Banks Builds Market Presence and Drives Financial Performance TACOMA, Wash. and IRVINE, Calif., April 23, 2025 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia") (NASDAQ:COLB), the parent company of Umpqua Bank, and Pacific Premier Bancorp, Inc. ("Pacific Premier") (Nasdaq: PPBI), the parent company of Pacific Premier Bank, National Association, jointly announced today that they have entered into a definitive merger agreement, pursuant to which Columbia will acquire Pacific Premier in an all-stock transaction. The combined company will have approximately $70 billion in assets and will be a market leader in the largest banki
TACOMA, Wash., March 31, 2025 /PRNewswire/ -- Columbia Banking System, Inc. (", Columbia", ("Columbia" NASDAQ:COLB), parent company of Umpqua Bank, today announced it will release first quarter 2025 financial results on Thursday, April 24, 2025, after market close. The Company will host a conference call for investors and analysts at 2:00 p.m. PT (5:00 p.m. ET) that same day. During the call, management will discuss Columbia's first quarter 2025 financial results and provide an update on recent activities. There will be a live question-and-answer session following the presentation. Participants may register for the call using the link below to receive dial-in details and their own unique PIN
TACOMA, Wash., Feb. 14, 2025 /PRNewswire/ -- Columbia Banking System, Inc. ((", Columbia", NASDAQ:COLB), parent company of Umpqua Bank, today announced its Board of Directors has approved a quarterly cash dividend in the amount of $0.36 per common share, payable March 17, 2025, to shareholders of record as of February 28, 2025. About ColumbiaColumbia (NASDAQ:COLB) is headquartered in Tacoma, Washington and is the parent company of Umpqua Bank, an award-winning western U.S. regional bank based in Lake Oswego, Oregon. Umpqua Bank is the largest bank headquartered in the Northwes
TACOMA, Wash., Jan. 23, 2025 /PRNewswire/ -- $143 million $150 million $0.68 $0.71 Net income Operating net income 1 Earnings per diluted common share Operating earnings per diluted common share 1 CEO Commentary "Our fourth quarter and 2024 results reflect significant strides toward top-quartile performance," said Clint Stein, President and CEO. "Our optimized expense base, improved pricing strategies, and targeted franchise investments have not only strengthened our financial position but also supported our commitment to deliver exceptional value to our customers and share
TACOMA, Wash., Dec. 31, 2024 /PRNewswire/ -- Columbia Banking System, Inc. ((", Columbia", NASDAQ:COLB), parent company of Umpqua Bank, today announced it will release fourth quarter 2024 financial results on Thursday, January 23, 2025, after market close. The Company will host a conference call for investors and analysts at 2:00 p.m. PT (5:00 p.m. ET) that same day. During the call, management will discuss Columbia's fourth quarter 2024 financial results and provide an update on recent activities. There will be a live question-and-answer session following the presentation. Participants may register for the call using the link below to receive dial-in details and their own unique PINs or reg
TACOMA, Wash., Nov. 15, 2024 /PRNewswire/ -- Columbia Banking System, Inc. ((", Columbia", NASDAQ:COLB), parent company of Umpqua Bank, today announced its Board of Directors has approved a quarterly cash dividend in the amount of $0.36 per common share, payable December 16, 2024, to shareholders of record as of November 29, 2024. About ColumbiaColumbia (NASDAQ:COLB) is headquartered in Tacoma, Washington and is the parent company of Umpqua Bank, an award-winning western U.S. regional bank based in Lake Oswego, Oregon. Umpqua Bank is the largest bank headquartered in the North
TACOMA, Wash., Oct. 24, 2024 /PRNewswire/ -- $146 million $143 million $0.70 $0.69 Net income Operating net income 1 Earnings per diluted commonshare Operating earnings per dilutedcommon share 1 CEO Commentary "Our third quarter results reflect our continued work and success as we strive toward top-quartile performance," said Clint Stein, President and CEO. "Our recurring expense run rate reflects a 25% reduction in costs over the 18 months we have operated as a combined organization, as we eliminated redundancies and streamlined operations. Our teams' dedication to driving
TACOMA, Wash., Sept. 30, 2024 /PRNewswire/ -- Columbia Banking System, Inc. ((", Columbia", NASDAQ:COLB), parent company of Umpqua Bank, today announced it will release third quarter 2024 financial results on Thursday, October 24, 2024, before market open. The Company will host a conference call for investors and analysts at 8:30 a.m. PT (11:30 a.m. ET) that same day. During the call, management will discuss Columbia's third quarter 2024 financial results and provide an update on recent activities. There will be a live question-and-answer session following the presentation. Participants may register for the call using the link below to receive dial-in details and their own unique PINs or reg
TACOMA, Wash., Aug. 12, 2024 /PRNewswire/ -- Columbia Banking System, Inc. ((", Columbia", NASDAQ:COLB), parent company of Umpqua Bank, today announced its Board of Directors has approved a quarterly cash dividend in the amount of $0.36 per common share, payable September 9, 2024, to shareholders of record as of August 23, 2024. About Columbia Columbia (NASDAQ:COLB) is headquartered in Tacoma, Washington and is the parent company of Umpqua Bank, an award-winning western U.S. regional bank based in Lake Oswego, Oregon. Umpqua Bank is the largest bank headquartered in the Northw
TACOMA, Wash., April 23, 2025 /PRNewswire/ -- $87 million $140 million $0.41 $0.67 Net income Operating net income 1 Earnings per diluted common share Operating earnings per diluted common share 1 CEO Commentary "Our consistent, repeatable performance in 2024 carried through to the first quarter of 2025," said Clint Stein, President and CEO. "Although the global environment is rife with uncertainty, our operations remain steadfast. Our consistent approach to banking is a key contributor to Columbia's success through business and credit cycles, and our teams' dedication to fo
Natural Combination of the Western Region's Leading Business Banks Builds Market Presence and Drives Financial Performance TACOMA, Wash. and IRVINE, Calif., April 23, 2025 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia") (NASDAQ:COLB), the parent company of Umpqua Bank, and Pacific Premier Bancorp, Inc. ("Pacific Premier") (Nasdaq: PPBI), the parent company of Pacific Premier Bank, National Association, jointly announced today that they have entered into a definitive merger agreement, pursuant to which Columbia will acquire Pacific Premier in an all-stock transaction. The combined company will have approximately $70 billion in assets and will be a market leader in the largest banki
TACOMA, Wash., March 31, 2025 /PRNewswire/ -- Columbia Banking System, Inc. (", Columbia", ("Columbia" NASDAQ:COLB), parent company of Umpqua Bank, today announced it will release first quarter 2025 financial results on Thursday, April 24, 2025, after market close. The Company will host a conference call for investors and analysts at 2:00 p.m. PT (5:00 p.m. ET) that same day. During the call, management will discuss Columbia's first quarter 2025 financial results and provide an update on recent activities. There will be a live question-and-answer session following the presentation. Participants may register for the call using the link below to receive dial-in details and their own unique PIN
TACOMA, Wash., Feb. 24, 2025 /PRNewswire/ -- Columbia Banking System, Inc. ((", Columbia", NASDAQ:COLB) President and CEO Clint Stein is scheduled to present at the Raymond James & Associates 46th Annual Institutional Investors Conference on Monday, March 3, 2025, at 4:00 p.m. ET. Mr. Stein is also scheduled to present at the 2025 RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 5, 2025, at 2:40 p.m. ET. A live audiocast of each event, which may contain forward-looking statements, as well as audio replays will be available in the "News & Market
TACOMA, Wash., Feb. 14, 2025 /PRNewswire/ -- Columbia Banking System, Inc. ((", Columbia", NASDAQ:COLB), parent company of Umpqua Bank, today announced its Board of Directors has approved a quarterly cash dividend in the amount of $0.36 per common share, payable March 17, 2025, to shareholders of record as of February 28, 2025. About ColumbiaColumbia (NASDAQ:COLB) is headquartered in Tacoma, Washington and is the parent company of Umpqua Bank, an award-winning western U.S. regional bank based in Lake Oswego, Oregon. Umpqua Bank is the largest bank headquartered in the Northwes
TACOMA, Wash., Jan. 23, 2025 /PRNewswire/ -- $143 million $150 million $0.68 $0.71 Net income Operating net income 1 Earnings per diluted common share Operating earnings per diluted common share 1 CEO Commentary "Our fourth quarter and 2024 results reflect significant strides toward top-quartile performance," said Clint Stein, President and CEO. "Our optimized expense base, improved pricing strategies, and targeted franchise investments have not only strengthened our financial position but also supported our commitment to deliver exceptional value to our customers and share
TACOMA, Wash., Dec. 31, 2024 /PRNewswire/ -- Columbia Banking System, Inc. ((", Columbia", NASDAQ:COLB), parent company of Umpqua Bank, today announced it will release fourth quarter 2024 financial results on Thursday, January 23, 2025, after market close. The Company will host a conference call for investors and analysts at 2:00 p.m. PT (5:00 p.m. ET) that same day. During the call, management will discuss Columbia's fourth quarter 2024 financial results and provide an update on recent activities. There will be a live question-and-answer session following the presentation. Participants may register for the call using the link below to receive dial-in details and their own unique PINs or reg
LAKE OSWEGO, Ore., Dec. 10, 2024 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System, Inc. (NASDAQ:COLB), today announced the hire of David Navarro as Senior Vice President, Southern Nevada Commercial Banking Market Leader. A Las Vegas native, Navarro is responsible for expanding Umpqua Bank's regional presence to support the financial needs of midsize companies with annual revenues between $10 million and $1 billion. According to Shawn Thompson, Executive Vice President and Mountain West Commercial Director, Navarro's addition underscores Umpqua Bank's commit
The Umpqua Bank Warm Hearts Winter Drive to Raise Funds and Collect Winter Items for Nonprofits and Shelter Partners Throughout the Bank's Footprint LAKE OSWEGO, Ore., Nov. 21, 2024 /PRNewswire/ -- Umpqua Bank today announced the launch of its 10th Annual Warm Hearts Winter Drive, an associate-driven campaign to support individuals, families and youths throughout the bank's footprint who struggle with access to housing and other basic resources. As part of the drive, Umpqua Bank's 4,800 associates and nearly 300 local branches will help mobilize their respective communities to raise money and collect winter items for shelters and aide organizations serving people experiencing homelessness.
TACOMA, Wash., Nov. 15, 2024 /PRNewswire/ -- Columbia Banking System, Inc. ((", Columbia", NASDAQ:COLB), parent company of Umpqua Bank, today announced its Board of Directors has approved a quarterly cash dividend in the amount of $0.36 per common share, payable December 16, 2024, to shareholders of record as of November 29, 2024. About ColumbiaColumbia (NASDAQ:COLB) is headquartered in Tacoma, Washington and is the parent company of Umpqua Bank, an award-winning western U.S. regional bank based in Lake Oswego, Oregon. Umpqua Bank is the largest bank headquartered in the North
Wells Fargo upgraded Columbia Banking from Equal Weight to Overweight and set a new price target of $35.00 from $33.00 previously
UBS resumed coverage of Columbia Banking with a rating of Neutral
Wedbush upgraded Columbia Banking from Neutral to Outperform and set a new price target of $31.00 from $28.00 previously
Barclays initiated coverage of Columbia Banking with a rating of Equal Weight and set a new price target of $20.00
Keefe Bruyette downgraded Columbia Banking from Outperform to Mkt Perform and set a new price target of $25.00 from $30.00 previously
DA Davidson downgraded Columbia Banking from Buy to Neutral and set a new price target of $25.00 from $32.00 previously
Stephens downgraded Columbia Banking from Overweight to Equal-Weight and set a new price target of $24.00 from $31.00 previously
Raymond James downgraded Columbia Banking from Strong Buy to Outperform and set a new price target of $25.00
Citigroup initiated coverage of Columbia Banking with a rating of Neutral and set a new price target of $23.00
UBS upgraded Columbia Banking from Sell to Neutral and set a new price target of $21.00 from $18.00 previously
Retirement follows successful integration and systems conversion of Northwest's two premier banks LAKE OSWEGO, Ore., Feb. 26, 2024 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc. (NASDAQ:COLB), today announced the retirement of Eric Eid, Chief Integration Officer, effective April 1, 2024. Eid's retirement follows the recent closing of the bank's Integration Management Office, a division he co-led in support of the merger between Columbia Bank and Umpqua Bank. Eid Joined Columbia Bank in 2010, during a period of exponential expansion through acquisitio
Hire advances Umpqua's commitment to provide financial products and services that address affordable housing and access challenges in its communities Bascomb-Green, real estate and banking leader, recently appointed by Governor Jay Inslee as the new chair of the Washington State Housing Finance Commission (WSHFC) LAKE OSWEGO, Ore., Sept. 14, 2023 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc. (NASDAQ:COLB), today announced the appointment of Nicole Bascomb-Green as Head of Community Lending. In this role, Bascomb-Green is responsible for the management of the community lending team, harnessing Umpqua's full resources and expertise—including the Umpqua Bank Charitab
Proposed New Independent Board Members Elected Stockholders Approved Reverse Split of the Company's Shares Stockholders Approve New Independent Auditor DELRAY BEACH, Fla., Dec. 05, 2022 (GLOBE NEWSWIRE) -- UpHealth, Inc. (NYSE:UPH) announces the results of its first annual stockholder meeting, held December 5, 2022, virtually. All resolutions submitted for stockholder approval were adopted, including the following: Election of three Class I directors to hold office until the 2025 annual meeting and until their respective successors are elected and qualified.Approval of reverse stock split.Ratification of the appointment of BPM LLP as independent registered public accountin
Veteran Banker Ryan Summers to Deliver Commercial Banking Services Across the Spectrum, from Small Businesses to Middle Market Companies PHOENIX, Nov. 2, 2022 /PRNewswire/ -- Columbia Bank ("Columbia"), the wholly owned subsidiary of Columbia Banking System, Inc. (NASDAQ:COLB), today announced the expansion of its Commercial Lending Division into Arizona with the appointment of veteran Phoenix-area banker Ryan Summers. Summers, with 14 years of commercial banking experience, will build a team dedicated to delivering the full suite of business lending services that Columbia off
TACOMA, Wash., Jan. 28, 2021 /PRNewswire/ -- Notable Items for the Fourth Quarter and Fiscal Year 2020 Full year 2020 net income of $154.2 million and diluted earnings per share of $2.17 Record fourth quarter net income of $58.3 million and diluted earnings per share of $0.82 Deposits increased $269.6 million, or 2%, during the fourth quarter of 2020 and $3.19 billion, or 30%, compared to December 31, 2019 Net interest margin of 3.52%, an increase of 5 basis points from the linked quarter Nonperforming assets to period-end assets ratio decreased to 0.21% Loan balances subject to deferral were down 91% from June 30, 2020 Regular cash dividend declared of $0.28 per share Clint Stei
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