NASDAQ · Financial Statements

Columbia Banking System, Inc. (COLB) Financial Statements

$30.86 NASDAQ: COLB Market Cap $8.93B

Columbia Banking System, Inc. most recently reported annual revenue of $3.2B, net profit of $550.0M. Revenue grew at an average annual rate of 17.7% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Columbia Banking System, Inc.: Revenue rose from $1.2B in 2016 to $3.2B in 2025, a change of +166.5% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 29.9% to 23.4%, a shift of -6.6 percentage points; the most recent year shows net profit of $550.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$1.2B$1.2B$1.3B$1.5B$1.4B$1.3B$1.3B$2.7B$3.0B$3.2B
Operating Expenses$845.0M$874.0M$924.0M$1.0B$2.9B$760.0M$897.0M$2.3B$2.2B$2.5B
Operating Profit$361.0M$349.0M$423.0M$469.0M$-1.5B$558.0M$451.0M$471.0M$719.0M$751.0M
Operating Margin29.9%28.5%31.4%31.9%-102.2%42.3%33.4%17.2%24.2%23.4%
Other Income$0$0$0$0$0$0$0$0$0$-23.0M
Interest$66.0M$78.0M$129.0M$210.0M$130.0M$42.0M$78.0M$746.0M$1.0B$912.0M
Depreciation$59.0M$58.0M$52.0M$43.0M$37.0M$31.0M$28.0M$144.0M$150.0M$144.0M
Profit Before Tax$361.0M$349.0M$423.0M$469.0M$-1.5B$558.0M$451.0M$471.0M$719.0M$728.0M
Tax$36.3M$30.6M$25.2M$24.5M$-4.6M$24.7M$25.3M$26.0M$25.8M$24.5M
Net Profit$230.0M$242.0M$316.0M$354.0M$-1.5B$420.0M$337.0M$349.0M$534.0M$550.0M
EPS$1.05$1.12$1.43$1.60$-6.92$1.91$1.55$1.78$2.55$2.30
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$740.0M$757.0M$735.0M$740.0M$765.0M$726.0M$714.0M$735.0M$817.0M$948.0M$851.0M$946.0M
Operating Expenses$556.0M$630.0M$566.0M$579.0M$569.0M$534.0M$590.0M$532.0M$698.0M$643.0M$596.0M$671.0M
Operating Profit$184.0M$127.0M$169.0M$161.0M$196.0M$192.0M$124.0M$203.0M$119.0M$305.0M$255.0M$275.0M
Operating Margin24.9%16.8%23.0%21.8%25.6%26.5%17.4%27.7%14.6%32.2%30.0%29.1%
Interest$215.0M$238.0M$261.0M$268.0M$269.0M$239.0M$222.0M$224.0M$235.0M$231.0M$222.0M$221.0M
Profit Before Tax$184.0M$127.0M$169.0M$161.0M$196.0M$192.0M$124.0M$203.0M$119.0M$282.0M$255.0M$275.0M
Tax$26.2M$26.4M$26.6M$25.4M$25.5M$25.5M$30.1M$25.1M$19.3M$23.8M$24.7M$24.4M
Net Profit$136.0M$94.0M$124.0M$120.0M$146.0M$143.0M$87.0M$152.0M$96.0M$215.0M$192.0M$208.0M
EPS$0.65$0.45$0.59$0.57$0.70$0.68$0.41$0.73$0.40$0.72$0.66$0.73

Over the 10 years reported for Columbia Banking System, Inc., borrowings increased from $1.6B in 2016 to $4.0B in 2025, cash stood at $511.0M in the latest year, shareholders' equity was $8.1B, current assets covered current liabilities 0.22 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$24.8B$25.7B$26.9B$28.8B$29.2B$30.6B$31.8B$52.2B$51.6B$67.2B
Current Assets$5.2B$5.0B$5.0B$5.8B$7.1B$8.3B$6.2B$12.7B$3.7B$743.0M
Cash$1.4B$634.0M$623.0M$1.4B$2.6B$2.8B$1.3B$2.2B$1.9B$511.0M
Inventory$-921.0M$-1.1B$-1.3B$0$0$0$0$0$0$0
Receivables$1.0B$1.3B$1.4B$1.6B$1.6B$1.6B$1.7B$1.7B$1.7B$232.0M
Fixed Assets$304.0M$269.0M$227.0M$312.0M$283.0M$253.0M$255.0M$455.0M$460.0M$422.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$19.6B$21.1B$22.2B$23.1B$24.1B$25.3B$27.5B$44.2B$44.0B$61.3B
Other Assets$1.8B$1.8B$1.8B$1.8B$3.0M$0$0$1.0B$1.0B$1.5B
Total Liabilities$20.9B$21.7B$22.9B$24.5B$26.5B$27.9B$29.4B$47.2B$46.5B$59.4B
Current Liabilities$19.4B$20.2B$21.4B$22.8B$25.0B$27.1B$27.4B$41.9B$42.0B$3.5B
Borrowings$1.6B$1.5B$1.4B$1.7B$1.6B$975.0M$1.7B$4.8B$3.9B$4.0B
Other Liabilities$19.3B$20.3B$21.4B$22.8B$24.9B$26.9B$27.7B$42.4B$42.6B$55.4B
Equity$3.5B$3.5B$3.5B$3.5B$3.5B$3.4B$3.5B$5.8B$5.8B$8.1B
Reserves$3.9B$4.0B$4.1B$4.3B$2.7B$2.7B$2.5B$5.0B$5.1B$7.8B

For Columbia Banking System, Inc., operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was $706.0M; free cash flow was positive in 9 of 10 years; financing activities used $2.1B in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$415.0M$516.0M$505.0M$-80.0M$94.0M$663.0M$1.1B$670.0M$659.0M$746.0M
Investing Cash Flow$-943.0M$-2.0B$-1.5B$-562.0M$-972.0M$-1.6B$-3.6B$502.0M$79.0M$2.1B
Financing Cash Flow$1.3B$862.0M$1.2B$1.4B$2.4B$2.0B$283.0M$-784.0M$93.0M$-2.1B
Net Cash Flow$676.0M$-815.0M$-12.0M$740.0M$1.2B$188.0M$-1.5B$868.0M$-284.0M$502.0M
Free Cash Flow$385.0M$511.0M$496.0M$-93.0M$82.0M$647.0M$1.0B$670.0M$623.0M$706.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-29.09
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y14.26%
Return 3Y72.96%
Return 5Y-6.73%

Columbia Banking System, Inc. (COLB) financials — frequently asked questions

What is Columbia Banking System, Inc.'s annual revenue?

Columbia Banking System, Inc. (COLB) reported annual revenue of $3.2B in its most recent fiscal year.

What is Columbia Banking System, Inc.'s net profit?

Columbia Banking System, Inc. (COLB) reported net profit of $550.0M in its most recent fiscal year.

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