Columbia Banking System (COLB)
Market Price (9/24/2026): $28.845 | Market Cap: $8.2 BilSector: Financials | Industry: Regional Banks
Columbia Banking System (COLB)
Market Price (9/24/2026): $28.845Market Cap: $8.2 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 4.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.3%, FCF Yield is 15% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 33% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 48% Low stock price volatilityVol 12M is 27% Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12% Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending. | Weak multi-year price returns2Y Excs Rtn is -10%, 3Y Excs Rtn is -5.1% | Key risksCOLB key risks include [1] execution challenges and pressured returns from the Pacific Premier merger integration, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 13%, Dividend Yield is 4.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.3%, FCF Yield is 15% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 33% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 49%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 48% |
| Low stock price volatilityVol 12M is 27% |
| Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending. |
| Weak multi-year price returns2Y Excs Rtn is -10%, 3Y Excs Rtn is -5.1% |
| Key risksCOLB key risks include [1] execution challenges and pressured returns from the Pacific Premier merger integration, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 9/23/2026
Columbia Banking System (COLB) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Earnings Performance.
Columbia Banking System reported its fiscal Q2 2026 earnings on July 23, 2026, with an Earnings Per Share (EPS) of $0.76, surpassing analysts' consensus estimates of $0.73 by $0.03, representing a 4.11% beat. However, the company's quarterly revenue of $677 million fell below analyst estimates of $687.40 million. This mixed financial outcome, where a profit beat was offset by a revenue miss, likely contributed to a balanced investor reaction and a relatively stable stock price, as the stock experienced a -3.44% movement on the day of the earnings release.
2. Strategic Capital Management and Continued Expansion.
The company engaged in significant capital management activities, with its subsidiary, Columbia Bank, pricing $250 million of 6.721% subordinated notes due 2036 on September 14, 2026. These notes are intended to qualify as Tier 2 capital, supporting growth and capital adequacy, with plans to redeem up to $250 million of trust preferred securities. Concurrently, Columbia Bank demonstrated continued growth initiatives by expanding its footprint, including the opening of a new commercial office and retail branch in Draper, Utah, announced on August 18, 2026, and its first commercial office and retail branch in Colorado Springs, Colorado, announced on August 6, 2026. These actions indicate a strategic focus on strengthening the balance sheet and expanding market presence.
Show more
Columbia Banking System (COLB) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Earnings Performance.
Columbia Banking System reported its fiscal Q2 2026 earnings on July 23, 2026, with an Earnings Per Share (EPS) of $0.76, surpassing analysts' consensus estimates of $0.73 by $0.03, representing a 4.11% beat. However, the company's quarterly revenue of $677 million fell below analyst estimates of $687.40 million. This mixed financial outcome, where a profit beat was offset by a revenue miss, likely contributed to a balanced investor reaction and a relatively stable stock price, as the stock experienced a -3.44% movement on the day of the earnings release.
2. Strategic Capital Management and Continued Expansion.
The company engaged in significant capital management activities, with its subsidiary, Columbia Bank, pricing $250 million of 6.721% subordinated notes due 2036 on September 14, 2026. These notes are intended to qualify as Tier 2 capital, supporting growth and capital adequacy, with plans to redeem up to $250 million of trust preferred securities. Concurrently, Columbia Bank demonstrated continued growth initiatives by expanding its footprint, including the opening of a new commercial office and retail branch in Draper, Utah, announced on August 18, 2026, and its first commercial office and retail branch in Colorado Springs, Colorado, announced on August 6, 2026. These actions indicate a strategic focus on strengthening the balance sheet and expanding market presence.
Show more
Updated on 9/23/2026
Columbia Banking System (COLB) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Earnings Performance.
Columbia Banking System reported its fiscal Q2 2026 earnings on July 23, 2026, with an Earnings Per Share (EPS) of $0.76, surpassing analysts' consensus estimates of $0.73 by $0.03, representing a 4.11% beat. However, the company's quarterly revenue of $677 million fell below analyst estimates of $687.40 million. This mixed financial outcome, where a profit beat was offset by a revenue miss, likely contributed to a balanced investor reaction and a relatively stable stock price, as the stock experienced a -3.44% movement on the day of the earnings release.
2. Strategic Capital Management and Continued Expansion.
The company engaged in significant capital management activities, with its subsidiary, Columbia Bank, pricing $250 million of 6.721% subordinated notes due 2036 on September 14, 2026. These notes are intended to qualify as Tier 2 capital, supporting growth and capital adequacy, with plans to redeem up to $250 million of trust preferred securities. Concurrently, Columbia Bank demonstrated continued growth initiatives by expanding its footprint, including the opening of a new commercial office and retail branch in Draper, Utah, announced on August 18, 2026, and its first commercial office and retail branch in Colorado Springs, Colorado, announced on August 6, 2026. These actions indicate a strategic focus on strengthening the balance sheet and expanding market presence.
3. Supportive Analyst Sentiment and Consistent Shareholder Returns.
Analyst sentiment for Columbia Banking System saw an uplift, with D.A. Davidson upgrading the stock from Neutral to Buy on September 1, 2026, and raising its price target to $36 from $33. Analysts cited positive management outlook, steady share buyback activity, and momentum in talent acquisition and fee income prospects. Furthermore, the company maintained consistent shareholder returns, declaring a $0.37 per common share dividend on August 14, 2026. This combination of a positive analyst outlook and reliable dividend payouts likely provided a floor for the stock's valuation, contributing to its stable trend.
4. Persistent Macroeconomic Inflation and Federal Reserve Policy.
The broader macroeconomic environment presented a mixed picture for regional banks during this period. The U.S. economy continued to show resilience, with consumer spending and business investment sustaining growth. However, inflation remained elevated, with the Personal Consumption Expenditures (PCE) price index recently growing at an annual rate of 3.7%, significantly above the Federal Reserve's target of 2.0%. While the Federal Reserve held rates steady, it signaled a renewed focus on price stability and the possibility of at least one 0.25% interest rate hike by the end of 2026. This ongoing concern about inflation and potential future rate adjustments created a cautious but stable operating environment for regional banks, balancing loan demand against potential funding cost pressures.
Show less
Columbia Banking System (COLB) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Mixed Fiscal Q2 2026 Earnings Performance.
Columbia Banking System reported its fiscal Q2 2026 earnings on July 23, 2026, with an Earnings Per Share (EPS) of $0.76, surpassing analysts' consensus estimates of $0.73 by $0.03, representing a 4.11% beat. However, the company's quarterly revenue of $677 million fell below analyst estimates of $687.40 million. This mixed financial outcome, where a profit beat was offset by a revenue miss, likely contributed to a balanced investor reaction and a relatively stable stock price, as the stock experienced a -3.44% movement on the day of the earnings release.
2. Strategic Capital Management and Continued Expansion.
The company engaged in significant capital management activities, with its subsidiary, Columbia Bank, pricing $250 million of 6.721% subordinated notes due 2036 on September 14, 2026. These notes are intended to qualify as Tier 2 capital, supporting growth and capital adequacy, with plans to redeem up to $250 million of trust preferred securities. Concurrently, Columbia Bank demonstrated continued growth initiatives by expanding its footprint, including the opening of a new commercial office and retail branch in Draper, Utah, announced on August 18, 2026, and its first commercial office and retail branch in Colorado Springs, Colorado, announced on August 6, 2026. These actions indicate a strategic focus on strengthening the balance sheet and expanding market presence.
3. Supportive Analyst Sentiment and Consistent Shareholder Returns.
Analyst sentiment for Columbia Banking System saw an uplift, with D.A. Davidson upgrading the stock from Neutral to Buy on September 1, 2026, and raising its price target to $36 from $33. Analysts cited positive management outlook, steady share buyback activity, and momentum in talent acquisition and fee income prospects. Furthermore, the company maintained consistent shareholder returns, declaring a $0.37 per common share dividend on August 14, 2026. This combination of a positive analyst outlook and reliable dividend payouts likely provided a floor for the stock's valuation, contributing to its stable trend.
4. Persistent Macroeconomic Inflation and Federal Reserve Policy.
The broader macroeconomic environment presented a mixed picture for regional banks during this period. The U.S. economy continued to show resilience, with consumer spending and business investment sustaining growth. However, inflation remained elevated, with the Personal Consumption Expenditures (PCE) price index recently growing at an annual rate of 3.7%, significantly above the Federal Reserve's target of 2.0%. While the Federal Reserve held rates steady, it signaled a renewed focus on price stability and the possibility of at least one 0.25% interest rate hike by the end of 2026. This ongoing concern about inflation and potential future rate adjustments created a cautious but stable operating environment for regional banks, balancing loan demand against potential funding cost pressures.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -1.5% change in COLB stock from 5/31/2026 to 9/23/2026 was primarily driven by a -10.9% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.28 | 28.85 | -1.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,485 | 2,639 | 6.2% |
| Net Income Margin (%) | 26.4% | 26.9% | 2.2% |
| P/E Multiple | 13.0 | 11.6 | -10.9% |
| Shares Outstanding (Mil) | 291 | 286 | 1.9% |
| Cumulative Contribution | -1.5% |
Market Drivers
5/31/2026 to 9/23/2026| Return | Correlation | |
|---|---|---|
| COLB | -1.5% | |
| Market (SPY) | 1.8% | 29.9% |
| Sector (XLF) | 6.1% | 48.6% |
Fundamental Drivers
The 3.9% change in COLB stock from 2/28/2026 to 9/23/2026 was primarily driven by a 14.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282026 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.76 | 28.85 | 3.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,299 | 2,639 | 14.8% |
| Net Income Margin (%) | 23.9% | 26.9% | 12.6% |
| P/E Multiple | 14.9 | 11.6 | -22.4% |
| Shares Outstanding (Mil) | 296 | 286 | 3.7% |
| Cumulative Contribution | 3.9% |
Market Drivers
2/28/2026 to 9/23/2026| Return | Correlation | |
|---|---|---|
| COLB | 3.9% | |
| Market (SPY) | 12.5% | 46.3% |
| Sector (XLF) | 7.0% | 57.4% |
Fundamental Drivers
The 13.3% change in COLB stock from 8/31/2025 to 9/23/2026 was primarily driven by a 33.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312025 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.46 | 28.85 | 13.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,983 | 2,639 | 33.1% |
| Net Income Margin (%) | 26.7% | 26.9% | 1.0% |
| P/E Multiple | 10.1 | 11.6 | 15.1% |
| Shares Outstanding (Mil) | 209 | 286 | -26.8% |
| Cumulative Contribution | 13.3% |
Market Drivers
8/31/2025 to 9/23/2026| Return | Correlation | |
|---|---|---|
| COLB | 13.3% | |
| Market (SPY) | 20.3% | 43.5% |
| Sector (XLF) | 2.6% | 58.4% |
Fundamental Drivers
The 67.6% change in COLB stock from 8/31/2023 to 9/23/2026 was primarily driven by a 63.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312023 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.22 | 28.85 | 67.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,610 | 2,639 | 63.9% |
| Net Income Margin (%) | 17.8% | 26.9% | 51.5% |
| P/E Multiple | 12.5 | 11.6 | -7.3% |
| Shares Outstanding (Mil) | 208 | 286 | -27.2% |
| Cumulative Contribution | 67.6% |
Market Drivers
8/31/2023 to 9/23/2026| Return | Correlation | |
|---|---|---|
| COLB | 67.6% | |
| Market (SPY) | 77.0% | 47.5% |
| Sector (XLF) | 66.3% | 61.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| COLB Return | -6% | -4% | -6% | 8% | 9% | 9% | 9% |
| Peers Return | 35% | -12% | -2% | 16% | 15% | 14% | 77% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| COLB Win Rate | 42% | 58% | 42% | 58% | 58% | 44% | |
| Peers Win Rate | 63% | 52% | 52% | 57% | 60% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| COLB Max Drawdown | -37% | -26% | -44% | -34% | -27% | -18% | |
| Peers Max Drawdown | -22% | -29% | -38% | -19% | -23% | -19% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEWT, ATLO, FITB, MTB, HBAN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/23/2026 (YTD)
How Low Can It Go
| Event | COLB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.8% | -18.8% |
| % Gain to Breakeven | 31.2% | 23.1% |
| Time to Breakeven | 134 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.3% | -9.5% |
| % Gain to Breakeven | 15.3% | 10.5% |
| Time to Breakeven | 73 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -42.3% | -6.7% |
| % Gain to Breakeven | 73.4% | 7.1% |
| Time to Breakeven | 535 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -16.7% | -24.5% |
| % Gain to Breakeven | 20.1% | 32.4% |
| Time to Breakeven | 61 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.5% | -33.7% |
| % Gain to Breakeven | 77.0% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -15.3% | -19.2% |
| % Gain to Breakeven | 18.1% | 23.8% |
| Time to Breakeven | 23 days | 105 days |
In The Past
Columbia Banking System's stock fell -23.8% during the 2025 US Tariff Shock. Such a loss loss requires a 31.2% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | COLB | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.8% | -18.8% |
| % Gain to Breakeven | 31.2% | 23.1% |
| Time to Breakeven | 134 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -42.3% | -6.7% |
| % Gain to Breakeven | 73.4% | 7.1% |
| Time to Breakeven | 535 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.5% | -33.7% |
| % Gain to Breakeven | 77.0% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.9% | -17.9% |
| % Gain to Breakeven | 29.7% | 21.8% |
| Time to Breakeven | 24 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -30.8% | -15.4% |
| % Gain to Breakeven | 44.4% | 18.2% |
| Time to Breakeven | 604 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -83.9% | -53.4% |
| % Gain to Breakeven | 521.2% | 114.4% |
| Time to Breakeven | 1750 days | 1085 days |
In The Past
Columbia Banking System's stock fell -23.8% during the 2025 US Tariff Shock. Such a loss loss requires a 31.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Columbia Banking System (COLB)
Columbia Banking System, Inc. (COLB) operates Columbia State Bank, a regional financial institution providing a comprehensive suite of banking and wealth management services. The company primarily caters to individuals, families, professionals, and small to medium-sized businesses. Its geographic footprint spans across Washington, Oregon, Idaho, and California, with a network of 153 branch locations.
COLB offers a wide array of products, including personal banking services like checking, savings, mortgages, and various personal loans, alongside digital banking options. For businesses, it provides checking and savings accounts, a range of commercial real estate and business loans (including SBA-guaranteed), treasury management, and international banking. Complementing these core services, the company also delivers wealth management solutions such as financial planning, retirement strategies, insurance, and trust services, covering fiduciary, investment, and administrative needs.
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Here are 1-3 brief analogies for Columbia Banking System (COLB):
- It's like the U.S. Bank of the Pacific Northwest and California, offering a full range of personal, business, and wealth management services.
- Think of it as a comprehensive multi-state regional bank like KeyCorp or Zions Bancorporation, but primarily focused on Washington, Oregon, Idaho, and California.
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- Deposit Accounts: Provides various checking, savings, money market, and certificate of deposit accounts for personal and business use.
- Loan Products: Offers a comprehensive suite of loans including home mortgages, personal loans, home equity loans, commercial real estate, agricultural, and SBA-guaranteed business loans.
- Wealth Management & Financial Planning: Delivers financial planning, retirement solutions, and business wealth solutions covering asset allocation, estate planning, and succession planning.
- Trust & Fiduciary Services: Manages personal and special needs trusts, estate settlements, and offers investment agency and charitable management services.
- Business Banking Services: Provides treasury management, merchant card services, professional banking, and international banking for businesses.
- Insurance Solutions: Offers long-term care, life, and disability insurance products.
- Card & Digital Banking Services: Provides debit and credit cards along with comprehensive digital banking platforms for convenience.
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Columbia Banking System (COLB) serves a diverse customer base, primarily consisting of:
- Individuals
- Small and Medium-Sized Businesses
- Professionals
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Clint Stein, Chair and Chief Executive Officer
Clint Stein has served as President and Chief Executive Officer of Columbia Banking System since January 2020, and as Chair of the Board since January 2026. He joined Columbia in 2005 as Senior Vice President, Chief Accounting Officer and Controller. Prior to his CEO role, he was the Executive Vice President, Chief Financial Officer from 2012 to 2018 and Executive Vice President, Chief Operating Officer from 2017 to 2020. Before joining Columbia, Mr. Stein served as Chief Financial Officer for Albina Community Bank and Community Bank. He began his 30+ year career in the financial services industry as a certified public accountant.
Ivan Seda, Chief Financial Officer (effective December 31, 2025)
Ivan Seda was appointed Chief Financial Officer of Columbia Banking System and Columbia Bank, effective December 31, 2025. He joined Columbia in August 2025 as Deputy CFO. Prior to Columbia, he served as CFO at Union Bank and held financial executive positions at MUFG, including Head of Financial Planning and Analysis and Head of Corporate Finance and Strategy for the Americas. Most recently, he was Deputy CFO at BECU.
Chris Merrywell, Co-President
Chris Merrywell has served as Senior Executive Vice President of Columbia Banking System and Columbia Bank Co-President since March 2023. He previously served as Executive Vice President, Chief Operating Officer of Columbia Banking System and Columbia State Bank from January 2020 until the 2023 merger with Umpqua Holdings Corporation. Mr. Merrywell joined Columbia in 2012 as Director of Wealth Management. His prior experience includes serving as Regional Managing Director of Wealth Markets for Union Bank in the Northwest and holding management positions at Harris Private Bank. He began his career as a teller at U.S. Bank.
Aaron Deer, Chief Strategy & Innovation Officer
Aaron Deer has served as Chief Strategy and Innovation Officer of Columbia Banking System since March 2023, and became Executive Vice President in May 2024. He previously served as Executive Vice President, Chief Financial Officer of Columbia Banking System and Columbia State Bank from 2020 until the merger with Umpqua Holdings Corporation in 2023. Before joining Columbia, Mr. Deer was a Managing Director and Senior Research Analyst at Piper Sandler (and previously Sandler O'Neill + Partners), where he covered West Coast financial institutions, including insight into the venture capital, private equity, and fintech sectors.
Kumi Yamamoto Baruffi, Executive Vice President, General Counsel and Corporate Secretary
Kumi Yamamoto Baruffi has served as General Counsel and Corporate Secretary of Columbia Banking System since September 2014 and became Executive Vice President in May 2024. She has served as Executive Vice President, General Counsel and Corporate Secretary of Columbia Bank since March 2023.
Clint Stein has served as President and Chief Executive Officer of Columbia Banking System since January 2020, and as Chair of the Board since January 2026. He joined Columbia in 2005 as Senior Vice President, Chief Accounting Officer and Controller. Prior to his CEO role, he was the Executive Vice President, Chief Financial Officer from 2012 to 2018 and Executive Vice President, Chief Operating Officer from 2017 to 2020. Before joining Columbia, Mr. Stein served as Chief Financial Officer for Albina Community Bank and Community Bank. He began his 30+ year career in the financial services industry as a certified public accountant.
Ivan Seda, Chief Financial Officer (effective December 31, 2025)
Ivan Seda was appointed Chief Financial Officer of Columbia Banking System and Columbia Bank, effective December 31, 2025. He joined Columbia in August 2025 as Deputy CFO. Prior to Columbia, he served as CFO at Union Bank and held financial executive positions at MUFG, including Head of Financial Planning and Analysis and Head of Corporate Finance and Strategy for the Americas. Most recently, he was Deputy CFO at BECU.
Chris Merrywell, Co-President
Chris Merrywell has served as Senior Executive Vice President of Columbia Banking System and Columbia Bank Co-President since March 2023. He previously served as Executive Vice President, Chief Operating Officer of Columbia Banking System and Columbia State Bank from January 2020 until the 2023 merger with Umpqua Holdings Corporation. Mr. Merrywell joined Columbia in 2012 as Director of Wealth Management. His prior experience includes serving as Regional Managing Director of Wealth Markets for Union Bank in the Northwest and holding management positions at Harris Private Bank. He began his career as a teller at U.S. Bank.
Aaron Deer, Chief Strategy & Innovation Officer
Aaron Deer has served as Chief Strategy and Innovation Officer of Columbia Banking System since March 2023, and became Executive Vice President in May 2024. He previously served as Executive Vice President, Chief Financial Officer of Columbia Banking System and Columbia State Bank from 2020 until the merger with Umpqua Holdings Corporation in 2023. Before joining Columbia, Mr. Deer was a Managing Director and Senior Research Analyst at Piper Sandler (and previously Sandler O'Neill + Partners), where he covered West Coast financial institutions, including insight into the venture capital, private equity, and fintech sectors.
Kumi Yamamoto Baruffi, Executive Vice President, General Counsel and Corporate Secretary
Kumi Yamamoto Baruffi has served as General Counsel and Corporate Secretary of Columbia Banking System since September 2014 and became Executive Vice President in May 2024. She has served as Executive Vice President, General Counsel and Corporate Secretary of Columbia Bank since March 2023.
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Key Risks to Columbia Banking System (COLB)
- Credit Risk, particularly Commercial Real Estate (CRE) Exposure: A significant portion of Columbia Banking System's loan portfolio is secured by real estate, with 76% of total gross loans secured by real estate as of December 31, 2025. The company acknowledges the potential for increased loan and lease losses if economic conditions deteriorate or the real estate market declines. The commercial real estate office sector, in particular, remains stressed, and Columbia Banking System's office exposure was 8% of its loans as of September 30, 2025, with non-performing assets increasing.
- Operational Risk and Cybersecurity Threats: Columbia Banking System faces elevated operational risks due to its evolving and complex operating environment, including persistent cybersecurity threats. The reliance on information technology and third-party service providers means that a failure or breach in these systems, such as a cyberattack, could disrupt business operations, lead to unauthorized disclosure of confidential information, damage the company's reputation, and result in financial losses.
- Integration Challenges from Mergers and Acquisitions: The recent acquisition of Pacific Premier Bancorp presents integration challenges for Columbia Banking System. These challenges include the potential for volatile near-term expenses due to restructuring and integration costs, as well as operational complexities arising from combining different IT systems, processes, and product offerings. There is also a risk of losing key employees or encountering inconsistencies in standards and procedures, which could negatively impact client and customer relationships and delay the realization of anticipated benefits and cost savings from the acquisition.
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The clear emerging threat to Columbia Banking System is the increasing competition from digital-first financial technology (fintech) companies and large technology firms expanding into financial services. These entities leverage technology to offer banking services, payments, and lending solutions with lower overheads, often providing more convenient and streamlined digital experiences that can attract customers away from traditional branch-based banks like Columbia Banking System.
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Columbia Banking System (COLB) operates within several substantial addressable markets across the United States for its diverse range of banking and financial services.
Personal Banking Products and Services
- Retail Banking Market (U.S.): The U.S. retail banking market was valued at approximately USD 870 billion in 2025 and is projected to grow to USD 906.3 billion in 2026, with an anticipated increase to USD 1,112.2 billion by 2031. Another estimate places the U.S. retail banking market revenue at USD 1.28 trillion in 2025.
- Checking and Savings Accounts (U.S.): Over 90% of U.S. households hold a checking or savings account. The global market size for saving and checking accounts in retail banking was valued at US$407.9 billion in 2024 and is estimated to reach US$674.9 billion by 2033.
- Home Mortgages (U.S.): The U.S. home mortgage market was valued at approximately USD 180.91 billion in 2023 and is predicted to grow to around USD 501.67 billion by 2032. Total single-family mortgage origination volume is expected to increase to $2.2 trillion in 2026, with purchase originations forecast at $1.46 trillion and refinance originations at $737 billion.
Business Banking Products and Services
- Commercial Banking Market (U.S.): The U.S. commercial banking market size is estimated at USD 765.53 billion in 2026, growing from USD 732.5 billion in 2025, and is projected to reach USD 954.48 billion by 2031. Commercial lending constituted 43.78% of this market in 2025. Other estimates for the U.S. commercial banking market size include USD 231.9 billion in 2024, expected to reach USD 351.8 billion by 2033, and USD 229 billion in 2023, projected to hit USD 339 billion by 2032. Commercial and industrial loan balances in the U.S. exceeded $1.63 trillion in 2023.
- Small Business Loans (U.S.): The U.S. small business loan market was valued at $245.39 billion in 2023 and is projected to reach $349.64 billion by 2033.
Wealth Management Solutions
- Wealth Management Market (U.S.): The U.S. wealth management market is described as "extraordinarily vast". The mass affluent segment in the U.S. comprises 33 million individuals, accounting for approximately 43% of the country's investable assets. The U.S. wealth management platform market, which supports these services, was valued at USD 1.26 billion in 2025 and USD 1.4 billion in 2026. Automated investment services, including robo-advisors, managed over $1 trillion in assets in the U.S. as of 2025.
Fiduciary, Investment, and Administrative Trust Services
- Trust and Corporate Services Market (U.S.): The Trust and Corporate Services market in the U.S. is estimated at US$2.2 billion in 2024. The global trust and corporate service market was valued at USD 14.33 billion in 2025 and is projected to grow to USD 15.05 billion in 2026, reaching USD 18.03 billion by 2030. North America held the dominant share of this market in 2025.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Columbia Banking System (COLB) over the next 2-3 years:
* Integration and Synergies from Pacific Premier Acquisition: The successful integration of the Pacific Premier acquisition is a significant driver, expanding fee income engines with new services such as Custodial Trust Services, homeowners association banking, escrow, and 1031 exchanges. The acquisition has already led to increased cross-sell referrals and is expected to contribute to a substantial rise in sales through 2026.
* Net Interest Margin (NIM) Expansion: Columbia Banking System anticipates a gradual increase in its net interest margin, with projections to exceed 4% in the second and third quarters of 2026. This growth is attributed to improved funding performance, earning asset optimization, a favorable shift in funding mix due to increased customer deposits, reduced reliance on higher-cost brokered deposits, and a strategic move towards core relationship lending.
* Growth in Non-Interest Income: The company is focused on increasing stable and recurring fee revenue. Non-interest income is becoming a more material component of earnings, with growth observed in treasury management, commercial card fees, financial services, trust, and international banking revenues. The Pacific Premier acquisition further enhanced these fee-generating platforms.
* Loan Portfolio Optimization and Core Lending Growth: Columbia Banking System plans to optimize its loan portfolio by managing the runoff of transactional loans (projected at $1 billion to $1.5 billion) and replacing them with higher-yield core relationship lending. This strategic remix of the loan portfolio is aimed at enhancing net interest margin and overall profitability.
* Strategic Expansion in Western Markets: The company is strategically positioned as a "West-Focused Regional Powerhouse" and intends to continue its growth in attractive markets, specifically mentioning Utah, Colorado, and Arizona, as well as expressing optimism about Southern California. This geographic expansion is expected to drive customer acquisition and loan demand.
AI Analysis | Feedback
Share Repurchases
- Columbia Banking System's Board of Directors authorized a new $700 million share repurchase program in October 2025, set to expire on November 30, 2026.
- By the end of 2025, $100 million of the authorized share repurchase program had been completed.
- Management anticipates increasing share repurchase activity to $150 million to $200 million per quarter in 2026.
Share Issuance
- On August 31, 2025, Columbia Banking System completed an all-stock acquisition of Pacific Premier Bancorp, Inc., resulting in Pacific Premier stockholders receiving 0.9150 of a share of Columbia common stock for each of their shares.
- Following the acquisition, Pacific Premier stockholders held approximately 30% of Columbia's outstanding common stock.
- The number of shares outstanding for Columbia Banking System increased by 41.76% year-over-year for the quarter ending December 31, 2025, largely due to shares issued in the acquisition.
Outbound Investments
- Columbia Banking System completed the all-stock acquisition of Pacific Premier Bancorp, Inc. on August 31, 2025, a transaction valued at approximately $2.0 billion.
- This acquisition significantly expanded Columbia's presence across eight Western states, particularly accelerating its growth in Southern California.
- As of October 2025, management indicated no plans for further mergers and acquisitions, focusing instead on organic growth.
Capital Expenditures
- Columbia Banking System's capital expenditures were $12.68 million in 2023 and $11.99 million in 2024.
- Forecasted capital expenditures are $15.48 million for 2025 and $27.09 million for 2026.
- The primary focus for capital expenditures includes investments in customer-focused technology, experienced bankers, and strategic new locations, such as the three new branches opened in Q2 2025.
Peer Outperformance in Regional Banks
COLB has trailed 89% of its 265 Regional Banks peers over 5Y. Regional Banks ranks 7th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that COLB has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
33%
of 290 industry peers · 14.9% return
3Y
36%
of 279 industry peers · 75.8% return
5Y
11%
of 265 industry peers · 1.4% return
null
Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is COLB's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 7 | 24.6% | 65.1% | 118.9% | SPNT 172% · RGA 148% · RNR 143% |
| Diversified Banks | 13 | 30.8% | 126.1% | 107.5% | CM 145% · RY 136% · JPM 135% |
| Investment Banking & Brokerage | 13 | -3.4% | 106.1% | 106.4% | IBKR 500% · SNEX 250% · HOOD 173% |
| Life & Health Insurance | 20 | 6.0% | 51.0% | 96.2% | JXN 490% · UNM 351% · FG 188% |
| Multi-Sector Holdings | 4 | 4.9% | 46.9% | 79.4% | JONE 362% · BRK-B 83% · VOYA 76% |
| Property & Casualty Insurance | 42 | 7.6% | 65.1% | 64.8% | ASIC 2651900% · HRTG 384% · UVE 302% |
| Regional Banks ← | 266 | 23.0% | 89.6% | 58.7% | ESQ 366% · BLX 350% · GCBC 303% |
| Multi-line Insurance | 9 | 6.4% | 68.9% | 58.1% | GNW 161% · L 102% · SLF 95% |
| Financial Exchanges & Data | 15 | -0.9% | 17.9% | 26.2% | VIRT 163% · CBOE 128% · CME 69% |
| Diversified Financial Services | 4 | -8.1% | 24.2% | 25.1% | FRHC 168% · EQH 102% · TMS -51% |
| Consumer Finance | 30 | -3.0% | 81.8% | 15.9% | ENVA 403% · EZPW 294% · FCFS 162% |
| Commercial & Residential Mortgage Finance | 15 | -46.0% | 24.4% | 11.0% | FNMA 456% · FMCC 423% · ACT 174% |
| Insurance Brokers | 16 | -19.5% | -10.6% | 10.2% | LIFE 231% · ARX 88% · AJG 57% |
| Asset Management & Custody Banks | 87 | -9.8% | 14.8% | 6.6% | WT 326% · SII 278% · VCTR 272% |
| Specialized Finance | 3 | 12.8% | 40.3% | -6.3% | EFC 24% · CACC -6% · HASI -20% |
| Mortgage REITs | 33 | -12.2% | 6.3% | -26.1% | NREF 53% · RITM 41% · DX 30% |
| Diversified Capital Markets | 25 | -31.1% | 6.6% | -46.4% | OPY 187% · LPLA 99% · GOLD 83% |
| Transaction & Payment Processing Services | 17 | -1.2% | -7.7% | -46.6% | V 62% · MA 61% · CPAY 48% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 29.97 |
| Mkt Cap | 19.7 |
| Rev LTM | 6,161 |
| Op Inc LTM | - |
| FCF LTM | 1,974 |
| FCF 3Y Avg | 1,614 |
| CFO LTM | 2,184 |
| CFO 3Y Avg | 1,750 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 22.6% |
| Rev Chg 3Y Avg | 8.6% |
| Rev Chg Q | 24.4% |
| QoQ Delta Rev Chg LTM | 5.2% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 33.3% |
| CFO/Rev 3Y Avg | 35.5% |
| FCF/Rev LTM | 28.3% |
| FCF/Rev 3Y Avg | 33.2% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Banking operations as well as the operations, technology, and administrative functions of the Bank | 2,301 | 1,929 | 1,997 | 1,270 | 1,276 |
| Total | 2,301 | 1,929 | 1,997 | 1,270 | 1,276 |
| $ Mil | 2015 | 2014 | 2013 | 2008 |
|---|---|---|---|---|
| Community Banking | 226 | 148 | 72 | 72 |
| Home Lending | 121 | 81 | 60 | |
| Wealth Management | 13 | |||
| Mortgage Banking | 2 | |||
| Retail Brokerage | -1 | |||
| Total | 347 | 229 | 145 | 73 |
| $ Mil | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Core Banking | 318 | 372 | -1,618 | ||
| Mortgage Banking | 19 | 48 | 95 | ||
| Corporate & Other | 79 | 20 | |||
| Home Lending | 9 | 21 | |||
| Retail Bank | 102 | 94 | |||
| Wealth Management | 3 | 5 | |||
| Wholesale Bank | 161 | 177 | |||
| Total | 337 | 420 | -1,523 | 354 | 316 |
| $ Mil | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Core Banking | 31,578 | 30,155 | 28,439 | ||
| Mortgage Banking | 271 | 486 | 796 | ||
| Corporate & Other | 6,554 | 5,788 | |||
| Home Lending | 4,424 | 3,680 | |||
| Retail Bank | 1,754 | 2,015 | |||
| Wealth Management | 711 | 536 | |||
| Wholesale Bank | 15,404 | 14,921 | |||
| Total | 31,849 | 30,641 | 29,235 | 28,847 | 26,940 |
Price Behavior
Price Behavior
| Market Price | $28.85 | |
| Market Cap ($ Bil) | 8.2 | |
| First Trading Date | 06/16/1992 | |
| Distance from 52W High | -13.1% | |
| 50 Days | 200 Days | |
| DMA Price | $30.80 | $29.17 |
| DMA Trend | up | indeterminate |
| Distance from DMA | -6.3% | -1.1% |
| 3M | 1YR | |
| Volatility | 21.3% | 27.2% |
| Downside Capture | 123.65 | 104.51 |
| Upside Capture | 58.05 | 101.91 |
| Correlation (SPY) | 36.1% | 45.3% |
COLB Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.67 | 0.83 | 0.42 | 0.78 | 0.93 | 1.14 |
| Up Beta | 0.76 | 1.17 | 0.46 | 0.92 | 1.17 | 1.15 |
| Down Beta | 0.60 | 0.19 | -0.01 | 0.32 | 0.67 | 1.15 |
| Up Capture | 19% | 44% | 57% | 81% | 90% | 134% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 9 | 19 | 35 | 64 | 128 | 373 |
| Down Capture | 144% | 135% | 60% | 94% | 97% | 103% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 12 | 23 | 29 | 63 | 122 | 373 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with COLB | |
|---|---|---|---|---|
| COLB | 16.3% | 27.2% | 0.53 | - |
| Sector ETF (XLF) | 2.2% | 14.7% | -0.07 | 61.1% |
| Equity (SPY) | 16.2% | 13.0% | 0.88 | 45.4% |
| Gold (GLD) | 13.9% | 29.3% | 0.44 | 5.9% |
| Commodities (DBC) | 46.6% | 20.7% | 1.75 | -22.9% |
| Real Estate (VNQ) | 4.5% | 13.7% | 0.08 | 35.3% |
| Bitcoin (BTCUSD) | -23.2% | 44.8% | -0.46 | 18.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with COLB | |
|---|---|---|---|---|
| COLB | 2.4% | 37.8% | 0.15 | - |
| Sector ETF (XLF) | 9.5% | 18.4% | 0.38 | 62.9% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 48.5% |
| Gold (GLD) | 18.6% | 18.8% | 0.80 | -0.4% |
| Commodities (DBC) | 10.5% | 19.5% | 0.41 | 6.5% |
| Real Estate (VNQ) | 0.8% | 18.9% | -0.06 | 43.9% |
| Bitcoin (BTCUSD) | 12.5% | 52.6% | 0.41 | 18.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with COLB | |
|---|---|---|---|---|
| COLB | 3.3% | 37.8% | 0.20 | - |
| Sector ETF (XLF) | 13.0% | 22.1% | 0.53 | 70.7% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 54.0% |
| Gold (GLD) | 12.1% | 16.4% | 0.60 | -5.4% |
| Commodities (DBC) | 8.5% | 18.1% | 0.38 | 14.8% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 48.0% |
| Bitcoin (BTCUSD) | 64.2% | 66.2% | 1.04 | 12.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/25/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/23/2026 | -3.4% | -3.1% | -4.5% |
| 4/23/2026 | -1.5% | -0.2% | 0.3% |
| 1/22/2026 | -2.7% | -2.1% | 1.3% |
| 10/30/2025 | 3.0% | 1.5% | 7.7% |
| 7/24/2025 | 6.3% | 1.9% | 15.5% |
| 4/23/2025 | -0.9% | -4.7% | 0.6% |
| 1/23/2025 | -0.7% | -0.4% | -6.5% |
| 10/24/2024 | -1.3% | 0.8% | 11.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 18 |
| # Negative | 12 | 12 | 6 |
| Median Positive | 2.6% | 2.4% | 5.9% |
| Median Negative | -1.7% | -3.5% | -6.9% |
| Max Positive | 11.6% | 7.1% | 16.0% |
| Max Negative | -21.1% | -21.2% | -27.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/23/2026 | -3.4% | -3.1% | -4.5% |
| 4/23/2026 | -1.5% | -0.2% | 0.3% |
| 1/22/2026 | -2.7% | -2.1% | 1.3% |
| 10/30/2025 | 3.0% | 1.5% | 7.7% |
| 7/24/2025 | 6.3% | 1.9% | 15.5% |
| 4/23/2025 | -0.9% | -4.7% | 0.6% |
| 1/23/2025 | -0.7% | -0.4% | -6.5% |
| 10/24/2024 | -1.3% | 0.8% | 11.9% |
| 7/25/2024 | 11.6% | 2.4% | 4.8% |
| 4/25/2024 | 0.6% | 3.9% | 0.8% |
| 1/24/2024 | -21.1% | -21.2% | -27.6% |
| 10/18/2023 | -1.0% | -7.3% | 12.1% |
| 7/19/2023 | -6.9% | -3.9% | -17.0% |
| 4/26/2023 | 7.9% | -5.2% | 4.5% |
| 1/24/2023 | 2.0% | 5.3% | 4.9% |
| 10/20/2022 | 2.8% | 6.8% | 11.9% |
| 7/21/2022 | -2.0% | -0.2% | 8.3% |
| 4/21/2022 | -0.1% | -6.2% | -7.4% |
| 1/21/2022 | 1.2% | -1.4% | 4.6% |
| 10/29/2021 | 2.5% | 7.1% | -3.7% |
| 7/29/2021 | 0.4% | 2.4% | 6.9% |
| 4/30/2021 | 0.8% | 1.8% | 0.4% |
| 1/28/2021 | -5.6% | 1.2% | 11.4% |
| 10/29/2020 | 3.2% | 2.9% | 16.0% |
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 18 |
| # Negative | 12 | 12 | 6 |
| Median Positive | 2.6% | 2.4% | 5.9% |
| Median Negative | -1.7% | -3.5% | -6.9% |
| Max Positive | 11.6% | 7.1% | 16.0% |
| Max Negative | -21.1% | -21.2% | -27.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/25/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/31/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/25/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
| 09/30/2019 | 11/06/2019 | 10-Q |
Insider Activity
Updated 8/18/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Deer, Aaron James | EVP Chief Strategy/Innov Offcr | Direct | Buy | 7022026 | 25.37 | 886 | 22,478 | 1,084,847 | Form |
| 2 | Moore, Devine David | EVP Chief Marketing Officer | Direct | Sell | 6102026 | 29.77 | 3,872 | 115,288 | 554,885 | Form |
| 3 | Lakely, Brock | EVP, Chief Accounting Officer | Direct | Sell | 3172026 | 26.23 | 211 | 5,535 | 291,258 | Form |
| 4 | Baruffi, Kumi Yamamoto | EVP General Counsel, Corp Sec | Direct | Sell | 3172026 | 26.23 | 937 | 24,578 | 1,408,944 | Form |
| 5 | Nixon, Torran B | Senior Executive VP | Direct | Sell | 3052026 | 28.85 | 2,240 | 64,624 | 2,833,907 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Deer, Aaron James | EVP Chief Strategy/Innov Offcr | Direct | Buy | 7022026 | 25.37 | 886 | 22,478 | 1,084,847 | Form |
| 2 | Moore, Devine David | EVP Chief Marketing Officer | Direct | Sell | 6102026 | 29.77 | 3,872 | 115,288 | 554,885 | Form |
| 3 | Lakely, Brock | EVP, Chief Accounting Officer | Direct | Sell | 3172026 | 26.23 | 211 | 5,535 | 291,258 | Form |
| 4 | Baruffi, Kumi Yamamoto | EVP General Counsel, Corp Sec | Direct | Sell | 3172026 | 26.23 | 937 | 24,578 | 1,408,944 | Form |
| 5 | Nixon, Torran B | Senior Executive VP | Direct | Sell | 3052026 | 28.85 | 2,240 | 64,624 | 2,833,907 | Form |
| 6 | Nixon, Torran B | Senior Executive VP | Direct | Sell | 3052026 | 28.25 | 2,241 | 63,308 | 2,838,249 | Form |
| 7 | Gardner, Steven R | by 401(k) | Sell | 2032026 | 29.43 | 13,725 | Form |
Investor Activity (13F)
Updated Sep 24, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Regional Banks Resources |
| Bank Director |
| Independent Banker |
| S&P Global Market Intelligence |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 9/23/2026