Columbia Banking System, Inc. (COLB) Earnings
Columbia Banking System, Inc. is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $0.73. COLB has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +14.1% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.68 | $0.72 | +5.9% | $675M | -0.3% |
| Jan 22, 2026 | $0.72 | $0.82 | +13.9% | $717M | +6.0% |
| Oct 30, 2025 | $0.70 | $0.85 | +21.4% | $582M | +1.3% |
| Jul 24, 2025 | $0.66 | $0.76 | +15.2% | $511M | +3.6% |
| Apr 23, 2025 | $0.63 | $0.67 | +6.3% | $491M | +1.7% |
| Jan 23, 2025 | $0.65 | $0.71 | +9.2% | $487M | +1.3% |
| Oct 24, 2024 | $0.62 | $0.69 | +11.3% | $496M | +3.2% |
| Jul 25, 2024 | $0.57 | $0.67 | +17.5% | $475M | -0.1% |
| Apr 25, 2024 | $0.53 | $0.65 | +22.6% | $472M | -1.6% |
| Jan 24, 2024 | $0.79 | $0.44 | -44.3% | $519M | -1.4% |
| Oct 18, 2023 | $0.73 | $0.79 | +8.2% | $525M | +0.2% |
| Jul 19, 2023 | $0.93 | $0.81 | -12.9% | $524M | -10.4% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 23, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Continued execution against core priorities: optimizing balance sheet, returning excess capital. - Completed PAC Premier Systems conversion and consolidated nine branches, on track for full acquisition - related cost savings. - Operating results reflected momentum, solid CNI production offset decline in below - market - rate transactional loan balance. - Reduced reliance on wholesale funding as customer deposits expanded. - Cost - conscious culture enhances profitability. - AI used for efficiency, including in systems conversion and customer support. - Credit fundamentals sound, office portfolio performing, NDFI exposure minimal. - Increased share buybacks, returning $200 million to shareholders.
Guidance
- Balance sheet size expected to remain relatively stable with commercial loan growth offsetting contraction in transactional portfolio. - Anticipate net interest margin to grow modestly in Q2, crossing over 4% at some point. - Expect non - interest revenues in low to mid $80 million range for Q2. - Non - interest expense expected in $335 to $345 million range for Q2, declining in Q3 as all cost savings related to transaction are realized by June 30th. - Expect share repurchases to remain in $150 to $200 million range per quarter through current authorization. - Use 25% all - in effective tax rate for modeling.
Segment performance
Earnings per share were 66 cents and operating earnings per share were 72 cents. Average earning assets were $60.8 billion. Net interest margin was 3.96. Provision expense was $28 million. Customer deposits increased $110 million. New loan origination volume was $1.2 billion, up 38% year - ago. Commercial loan portfolio increased 6% annualized. Operating non - interest income up 25 million or 44% from prior year.
Risks & headwinds
- Macroeconomic headlines can drive outsized stock price reactions and unilaterally treat all banks the same. - Credit risks in ag industry, such as the hop industry relationship that drove modest increase in net charge - offs and non - performing assets. - Potential impact of regulatory changes and capital relief on capital priorities and ratios.
Analyst Q&A
Q: John Arfstrom of RBC Capital Markets asked about loans and margin, originations trends.
A: Tori said new loan origination volume was $1.2 billion, up 38% year - ago, spread throughout the company.
Q: David Feaster of Raymond James asked about Pacific Premier conversion, integration, hiring, excess capital.
A: Clint said conversion went very smooth, no customer disruption; Tori and Chris talked about hiring in various geographies and business lines; Ivan said excess capital still has buybacks as focus.
Q: Jeff Rulis of DA Davidson asked about credit, loan growth.
A: Frank talked about ag loan charge - offs in hop industry; Tori talked about pipeline.
Q: Matthew Clark of Piper Sandler asked about expenses, tax rate, ag loan.
A: Ivan talked about expense guide, tax rate; Frank talked about ag loan provision.
Q: Christopher McGrady of KBW asked about expenses, TCE ratio, tax rate, ag loan.
A: Ivan talked about expense range, TCE ratio; Ivan talked about tax rate and ag loan provision.
Q: David Cervarini of Jefferies asked about deposits, non - interest - bearing deposits.
A: Chris talked about deposit campaigns; Tory talked about deposit outlook.
Q: Janet Lee of TD Cal asked about NII, PAA.
A: Ivan talked about NII and PAA.
Q: Anthony Ilion of JP Morgan asked about deposits, ACL.
A: Ivan talked about deposit seasonal flows; Ivan talked about ACL level.
Q: Samuel Varga of UBS asked about loan growth.
A: Tory talked about loan growth and transactional loan payoffs