Columbia Banking System (COLB)
Market Price (12/29/2025): $28.595 | Market Cap: $6.8 BilSector: Financials | Industry: Regional Banks
Columbia Banking System (COLB)
Market Price (12/29/2025): $28.595Market Cap: $6.8 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 11%, Dividend Yield is 4.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.3%, FCF Yield is 9.9% | Trading close to highsDist 52W High is -2.3%, Dist 3Y High is -4.5% | Key risksCOLB key risks include [1] execution challenges and pressured returns from the Pacific Premier merger integration, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -153% | Weak multi-year price returns2Y Excs Rtn is -25%, 3Y Excs Rtn is -69% | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 35%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33% | ||
| Low stock price volatilityVol 12M is 35% | ||
| 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. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 4.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.3%, FCF Yield is 9.9% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -153% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 35%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 33% |
| Low stock price volatilityVol 12M is 35% |
| 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. |
| Trading close to highsDist 52W High is -2.3%, Dist 3Y High is -4.5% |
| Weak multi-year price returns2Y Excs Rtn is -25%, 3Y Excs Rtn is -69% |
| Key risksCOLB key risks include [1] execution challenges and pressured returns from the Pacific Premier merger integration, Show more. |
Why The Stock Moved
Qualitative Assessment
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For Columbia Banking System (COLB), the approximate 8.2% stock movement from August 31, 2025, to December 29, 2025, can be attributed to several key developments during this period. The stock experienced an 8.53% gain as a "Buy or Hold candidate" from November 19, 2025, to December 24, 2025.
1. Strong Second Quarter 2025 Earnings Report and Outlook. While reported on July 24, 2025, just before the requested period, Columbia Banking System announced strong second-quarter 2025 results, exceeding analyst expectations for both revenue and earnings per share. This positive financial performance likely set an optimistic tone that carried into the subsequent months, with shares already up 3.5% a week prior to August 9, 2025. The company highlighted commercial loan growth, improved net interest margin, and continued expense discipline.
2. Strategic CFO Transition and "New Chapter" Initiatives. On October 30, 2025, Columbia Banking System announced a leadership transition in its finance department. Ronald Farnsworth was set to step down as Executive Vice President and Chief Financial Officer, effective December 31, 2025, with Ivan Seda appointed as his successor. This change was framed as preparing the company for a "new chapter" following the Pacific Premier acquisition. Such strategic leadership changes, particularly when linked to forward-looking corporate direction, can be viewed favorably by the market.
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1. Strong Second Quarter 2025 Earnings Report and Outlook. While reported on July 24, 2025, just before the requested period, Columbia Banking System announced strong second-quarter 2025 results, exceeding analyst expectations for both revenue and earnings per share. This positive financial performance likely set an optimistic tone that carried into the subsequent months, with shares already up 3.5% a week prior to August 9, 2025. The company highlighted commercial loan growth, improved net interest margin, and continued expense discipline.
2. Strategic CFO Transition and "New Chapter" Initiatives. On October 30, 2025, Columbia Banking System announced a leadership transition in its finance department. Ronald Farnsworth was set to step down as Executive Vice President and Chief Financial Officer, effective December 31, 2025, with Ivan Seda appointed as his successor. This change was framed as preparing the company for a "new chapter" following the Pacific Premier acquisition. Such strategic leadership changes, particularly when linked to forward-looking corporate direction, can be viewed favorably by the market.
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Stock Movement Drivers
Fundamental Drivers
The 11.2% change in COLB stock from 9/28/2025 to 12/28/2025 was primarily driven by a 39.6% change in the company's P/E Multiple.| 9282025 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 25.72 | 28.59 | 11.16% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1985.65 | 2071.65 | 4.33% |
| Net Income Margin (%) | 26.63% | 23.11% | -13.22% |
| P/E Multiple | 10.17 | 14.20 | 39.63% |
| Shares Outstanding (Mil) | 209.12 | 237.84 | -13.73% |
| Cumulative Contribution | 9.06% |
Market Drivers
9/28/2025 to 12/28/2025| Return | Correlation | |
|---|---|---|
| COLB | 11.2% | |
| Market (SPY) | 4.3% | 48.7% |
| Sector (XLF) | 3.3% | 67.5% |
Fundamental Drivers
The 25.8% change in COLB stock from 6/29/2025 to 12/28/2025 was primarily driven by a 48.6% change in the company's P/E Multiple.| 6292025 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 22.72 | 28.59 | 25.84% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1946.89 | 2071.65 | 6.41% |
| Net Income Margin (%) | 25.50% | 23.11% | -9.38% |
| P/E Multiple | 9.56 | 14.20 | 48.64% |
| Shares Outstanding (Mil) | 208.80 | 237.84 | -13.91% |
| Cumulative Contribution | 23.40% |
Market Drivers
6/29/2025 to 12/28/2025| Return | Correlation | |
|---|---|---|
| COLB | 25.8% | |
| Market (SPY) | 12.6% | 46.0% |
| Sector (XLF) | 7.4% | 60.5% |
Fundamental Drivers
The 11.3% change in COLB stock from 12/28/2024 to 12/28/2025 was primarily driven by a 28.3% change in the company's P/E Multiple.| 12282024 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 25.68 | 28.59 | 11.33% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1961.03 | 2071.65 | 5.64% |
| Net Income Margin (%) | 24.67% | 23.11% | -6.33% |
| P/E Multiple | 11.07 | 14.20 | 28.31% |
| Shares Outstanding (Mil) | 208.54 | 237.84 | -14.05% |
| Cumulative Contribution | 9.14% |
Market Drivers
12/28/2024 to 12/28/2025| Return | Correlation | |
|---|---|---|
| COLB | 11.3% | |
| Market (SPY) | 17.0% | 61.9% |
| Sector (XLF) | 15.3% | 70.2% |
Fundamental Drivers
The 14.1% change in COLB stock from 12/29/2022 to 12/28/2025 was primarily driven by a 66.4% change in the company's Total Revenues ($ Mil).| 12292022 | 12282025 | Change | |
|---|---|---|---|
| Stock Price ($) | 25.06 | 28.59 | 14.10% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 1245.30 | 2071.65 | 66.36% |
| Net Income Margin (%) | 27.47% | 23.11% | -15.89% |
| P/E Multiple | 9.47 | 14.20 | 49.98% |
| Shares Outstanding (Mil) | 129.32 | 237.84 | -83.92% |
| Cumulative Contribution | -66.25% |
Market Drivers
12/29/2023 to 12/28/2025| Return | Correlation | |
|---|---|---|
| COLB | 20.9% | |
| Market (SPY) | 48.4% | 48.8% |
| Sector (XLF) | 51.8% | 63.1% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| COLB Return | -8% | -6% | -4% | -6% | 8% | 12% | -6% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| COLB Win Rate | 50% | 42% | 58% | 42% | 58% | 58% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| COLB Max Drawdown | -49% | -12% | -15% | -38% | -34% | -22% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[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] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | COLB | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -63.4% | -25.4% |
| % Gain to Breakeven | 173.6% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -49.6% | -33.9% |
| % Gain to Breakeven | 98.4% | 51.3% |
| Time to Breakeven | 243 days | 148 days |
| 2018 Correction | ||
| % Loss | -34.5% | -19.8% |
| % Gain to Breakeven | 52.7% | 24.7% |
| Time to Breakeven | 705 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -86.2% | -56.8% |
| % Gain to Breakeven | 625.4% | 131.3% |
| Time to Breakeven | 2,803 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Columbia Banking System's stock fell -63.4% during the 2022 Inflation Shock from a high on 3/12/2021. A -63.4% loss requires a 173.6% gain to breakeven.
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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 the United States. It offers personal banking products and services, including noninterest 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; 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; long-term care, and life and disability insurance solutions; 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, and investment agency and charitable management. It operates a network of 153 branch locations, including 68 in the state of Washington, 59 in Oregon, 15 in Idaho, and 11 in California. The company was founded in 1993 and is headquartered in Tacoma, Washington.
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1. PNC Financial Services, but focused on the Pacific Northwest.
2. A regional bank for the Pacific Northwest, similar to how KeyCorp serves the Midwest and Northeast.
3. Like Comerica Bank, but operating primarily in Washington, Oregon, and Idaho.
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- Deposit Accounts: Gathering funds from individuals and businesses through various checking, savings, money market, and certificate of deposit accounts.
- Commercial Loans: Providing financing to businesses for real estate, equipment, working capital, and other operational needs.
- Real Estate Loans: Offering a range of loans including residential mortgages, commercial real estate loans, and construction financing.
- Consumer Loans: Providing loans to individuals for personal use, such as home equity lines of credit, auto loans, and other personal installment loans.
- Wealth Management Services: Delivering financial planning, investment management, and trust services to help clients grow and preserve their assets.
- Treasury Management Services: Assisting businesses with cash flow management through services like payment processing, fraud prevention, and liquidity solutions.
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Columbia Banking System (COLB) is a bank holding company, and its primary customers are not other large companies that resell its services. Instead, it serves a diverse base of individuals and businesses directly within its operating regions.
The company primarily sells to individuals and businesses, and its major customer categories include:
- Individuals/Consumers: This category includes everyday people who utilize the bank's services for personal financial needs such as checking accounts, savings accounts, mortgages, home equity loans, auto loans, personal loans, and wealth management services.
- Small to Medium-sized Businesses (SMBs): Local and regional businesses comprise a significant customer base. They rely on Columbia Bank for business checking and savings accounts, commercial real estate loans, business lines of credit, term loans, equipment financing, and treasury management services.
- Commercial and Corporate Clients: This category encompasses larger businesses and corporations requiring more extensive and complex financial solutions. These services often include larger-scale commercial and industrial loans, specialized financing, treasury management, and other tailored corporate banking services.
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Clint E. Stein President & Chief Executive Officer Mr. Stein has served as President and Chief Executive Officer of Columbia Banking System since January 2020. He joined Columbia in 2005, initially as Senior Vice President, Chief Accounting Officer, and Controller. He later became Executive Vice President, Chief Financial Officer in 2012, and then Executive Vice President, Chief Operating Officer in 2017. Before his tenure at Columbia, Mr. Stein served as chief financial officer for Albina Community Bank and Community Bank. He began his nearly 30-year career in the financial services industry as a public accountant. Ivan Seda Executive Vice President, Chief Financial Officer (Effective December 31, 2025) Mr. Seda will assume the role of Executive Vice President, Chief Financial Officer, effective December 31, 2025. He joined Columbia in August 2025. Prior to joining Columbia, he held several financial executive roles, including Chief Financial Officer at Union Bank, Head of Financial Planning & Analysis, and Head of Corporate Finance and Strategy – Americas at MUFG. Most recently, he served as Deputy Chief Financial Officer at BECU. Mr. Seda is a Chartered Financial Analyst (CFA) and a former Certified Public Accountant (CPA-Inactive). Ronald L. Farnsworth Jr. Executive Vice President, Chief Financial Officer (Stepping down December 31, 2025) Mr. Farnsworth has served as Chief Financial Officer of Columbia Banking System since March 2023. Before this, he was Executive Vice President and Chief Financial Officer of Umpqua Holdings Corporation and Umpqua Bank from 2008 until its merger with Columbia in 2023. He joined Independent Financial Network (a predecessor of Columbia) in 1996 as controller, and served as CFO from 1998 until the bank's sale to Umpqua in 2001, at which point he joined Umpqua to lead the finance group. Mr. Farnsworth began his career in public accounting at KPMG as an auditor. Aaron James Deer Executive Vice President, Chief Strategy and Innovation Officer Mr. 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 held the position of Executive Vice President, Chief Financial Officer of Columbia Banking System and Columbia State Bank from the time he joined the bank in 2020 until the merger with Umpqua Holdings Corporation in 2023. Prior to joining Columbia, Mr. Deer was a Managing Director and Senior Research Analyst at Piper Sandler (and previously Sandler O’Neill + Partners), where he provided coverage of West Coast financial institutions, including insight into the venture capital, private equity, and fintech sectors for nearly 20 years. Christopher M. Merrywell Columbia Bank Co-President, Senior Executive Vice President Mr. Merrywell has served as Senior Executive Vice President of Columbia Banking System and Columbia Bank Co-President since March 2023. He was 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, and he has 30 years of experience in financial services.AI Analysis | Feedback
Key Risks to Columbia Banking System (COLB)
- Merger Integration Risks: Columbia Banking System is undergoing a system conversion related to the Pacific Premier merger, anticipated in the first quarter of 2026. This integration process is expected to pressure efficiency and near-term returns, with a normalized expense run-rate not targeted until the third quarter of 2026 as cost savings materialize. There are also execution risks that could negatively impact prospects.
- Interest Rate Risk and Funding Costs: The company faces significant exposure to fluctuations in interest rates. Changes in the interest rate environment, whether rising or falling, can impact funding costs and net interest margin. For instance, a declining interest rate environment may reduce the attractiveness of deposits, leading customers to seek higher returns elsewhere, potentially forcing Columbia Banking System to maintain higher deposit interest rates to retain customers or rely on more expensive funding sources. Conversely, increases in short-term interest rates have historically led to intense competition for deposits, also driving up funding costs.
- Credit Risk from Loan Portfolio Concentrations: Columbia Banking System's loan portfolio, while diversified, has concentrations in commercial real estate and commercial business loans. These types of loans are generally considered to carry a higher risk of default compared to residential real estate loans or other types of loans and investments, a concern that has been noted by regulators such as the FDIC. The adequacy of the company's allowance for loan losses to cover future losses is a continuous risk.
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The accelerated rise of digital-first banks (neobanks) and specialized fintech lending platforms, coupled with the enhanced digital capabilities and expanding market reach of larger national banks, poses a clear emerging threat. These competitors leverage technology to offer customers more convenient, often lower-cost, and technologically advanced alternatives for deposits, loans, and other financial services, directly eroding the competitive advantages historically enjoyed by regional banks reliant on traditional branch networks.AI Analysis | Feedback
Columbia Banking System (COLB) offers a range of financial products and services primarily within the Western United States, including Oregon, Washington, California, Idaho, Nevada, Arizona, Colorado, and Utah. Identifying the precise addressable market for each service solely within this specific region can be challenging due to data availability, but broader market sizes provide context.
Addressable Markets for Columbia Banking System's Main Products and Services:
- Commercial Lending: The global commercial lending market was valued at approximately USD 11,874.88 billion in 2024 and is projected to reach nearly USD 25,270.32 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.9% from 2025 to 2032. While this is a global figure, North America is a significant participant in this market.
- Community Banking (including Deposit Products and Treasury Management): The U.S. community banking market was valued at USD 6.35 billion in 2024, with a projected CAGR of 3.8%. North America held a dominant position in the global community banking market, capturing over 40% of the share in 2024, amounting to USD 6.68 billion in revenue.
- Wealth Management: The global wealth management market size was approximately USD 1.97 trillion in 2024 and is expected to reach USD 2.72 trillion by 2029, exhibiting a CAGR of 6.7%. North America is identified as a dominant region in the wealth management market. Furthermore, the Seattle metropolitan area within Columbia Banking System's operating region is recognized as a significant and growing wealth management hub.
- Residential Real Estate Loans (Mortgage Lending): The global mortgage lending market was valued at USD 11,487.23 billion in 2021 and is projected to reach USD 27,509.24 billion by 2031, growing at a CAGR of 9.5% from 2022 to 2031. North America held the largest share of the mortgage lending market in 2021.
- Consumer Loans: null
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Here are 3-5 expected drivers of future revenue growth for Columbia Banking System (COLB) over the next 2-3 years:
- Strategic Acquisition and Integration of Pacific Premier Bancorp: The acquisition of Pacific Premier Bancorp, completed on August 31, 2025, is a significant driver. This merger expands Columbia Banking System's presence in the Southern California market and strengthens its footprint as a leading regional institution in the Western United States. The integration is expected to enhance service offerings, including custodial trust services, HOA banking, escrow, and 1031 exchange businesses, contributing to increased fee income and attracting low-cost core deposits.
- Organic Commercial Loan Growth: Columbia Banking System is emphasizing a focus on relationship-driven banking and increasing its commercial loan portfolio. In Q3 2025, the commercial banking segment achieved $1.2 billion in new loan originations, representing a 36% increase quarter-over-quarter. The company is strategically shifting its lending focus towards commercial and owner-occupied commercial real estate loans, while allowing transactional real estate portfolios to wind down.
- Customer Deposit Growth and Balance Sheet Optimization: The company is actively working to attract new customer deposits through various initiatives, including successful small business and retail campaigns and the opening of new branches in growth markets like Arizona and Eastern Oregon. This strong customer deposit growth supports balance sheet optimization by reducing reliance on higher-cost wholesale funding sources, which in turn enhances the company's net interest margin.
- Net Interest Margin (NIM) Expansion: Through ongoing balance sheet optimization efforts, including reducing wholesale funding and carefully managing deposit costs, Columbia Banking System anticipates continued expansion of its net interest margin. Rising yields on earning assets and a lower cost of interest-bearing liabilities are also key factors contributing to this expected improvement.
- Expansion into New and Growth Markets in the Western U.S.: The Pacific Premier acquisition significantly accelerates Columbia Banking System's expansion strategy into Southern California and reinforces its presence in its core Northwest markets. The company is actively pursuing opportunities to increase its market share and density across its broader Western U.S. footprint, including in growing metropolitan areas like Phoenix.
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**Share Repurchases**
- Columbia's Board of Directors authorized a new share repurchase plan on October 30, 2025, for up to $700 million of common stock, set to expire on November 30, 2026.
- The company's annual share buybacks totaled $5.715 million in 2024 and $6.282 million in 2023.
- A share repurchase program for up to 3.5 million shares was announced in the third quarter of 2020.
**Share Issuance**
- On August 31, 2025, Columbia issued common shares as part of its acquisition of Pacific Premier Bancorp, Inc., with each Pacific Premier share converting into 0.9150 of a Columbia common share.
- Following the Pacific Premier acquisition, former Pacific Premier stockholders collectively represent approximately 30% of Columbia's shareholders.
- Columbia expected to issue approximately 129,065,476 shares of common stock to Umpqua shareholders as part of the merger with Umpqua Holdings Corporation, which was completed on February 28, 2023.
**Outbound Investments**
- Columbia Banking System completed the acquisition of Pacific Premier Bancorp, Inc. on August 31, 2025, in an all-stock transaction valued at approximately $2.0 billion. This acquisition increased Columbia's assets to approximately $70 billion and significantly expanded its presence in Southern California.
- The company completed its merger with Umpqua Holdings Corporation on February 28, 2023, creating a combined entity with over $50 billion in total assets.
**Capital Expenditures**
- Columbia Banking System's quarterly capital expenditures were $21.8 million for the period ending June 2025.
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Trade Ideas
Select ideas related to COLB. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
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| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 14.5% | 14.5% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.5% | -1.5% | -1.5% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -4.5% | -4.5% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 7.6% | 7.6% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.1% | -11.1% | -12.1% |
Research & Analysis
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Peer Comparisons for Columbia Banking System
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 53.38 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 11,544 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.8% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 17.7% |
| Op Mgn 3Y Avg | 16.4% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 22.2% |
| CFO/Rev 3Y Avg | 23.8% |
| FCF/Rev LTM | 20.1% |
| FCF/Rev 3Y Avg | 21.6% |
Price Behavior
Price Behavior
| Market Price | $28.59 | |
| Market Cap ($ Bil) | 6.8 | |
| First Trading Date | 06/16/1992 | |
| Distance from 52W High | -2.3% | |
| 50 Days | 200 Days | |
| DMA Price | $27.04 | $24.61 |
| DMA Trend | up | up |
| Distance from DMA | 5.8% | 16.2% |
| 3M | 1YR | |
| Volatility | 32.6% | 35.4% |
| Downside Capture | 103.91 | 125.12 |
| Upside Capture | 133.85 | 116.44 |
| Correlation (SPY) | 48.4% | 62.0% |
COLB Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.16 | 1.41 | 1.24 | 1.57 | 1.17 | 1.30 |
| Up Beta | 0.47 | 1.26 | 1.63 | 2.18 | 0.92 | 1.23 |
| Down Beta | 0.56 | 1.38 | 1.33 | 1.44 | 1.33 | 1.28 |
| Up Capture | 214% | 179% | 107% | 152% | 131% | 188% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 12 | 24 | 35 | 68 | 118 | 360 |
| Down Capture | 105% | 129% | 112% | 136% | 122% | 108% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 7 | 17 | 27 | 55 | 127 | 383 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of COLB With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| COLB | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 11.1% | 16.3% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 35.1% | 19.0% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 0.36 | 0.67 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 70.3% | 62.1% | -8.8% | 16.2% | 51.9% | 21.9% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of COLB With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| COLB | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 1.3% | 16.1% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 38.8% | 18.9% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.14 | 0.71 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 65.4% | 48.5% | -1.5% | 12.9% | 43.4% | 19.6% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of COLB With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| COLB | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 3.0% | 13.2% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 37.9% | 22.3% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.20 | 0.55 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 71.5% | 55.2% | -9.9% | 18.6% | 47.8% | 11.6% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 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 | 4.4% | 7.7% | 13.3% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 11 | 17 |
| # Negative | 9 | 13 | 7 |
| Median Positive | 2.6% | 2.9% | 7.4% |
| Median Negative | -1.0% | -3.9% | -9.0% |
| Max Positive | 11.6% | 7.7% | 16.0% |
| Max Negative | -21.1% | -21.2% | -27.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11062025 | 10-Q 9/30/2025 |
| 6302025 | 8062025 | 10-Q 6/30/2025 |
| 3312025 | 5062025 | 10-Q 3/31/2025 |
| 12312024 | 2252025 | 10-K 12/31/2024 |
| 9302024 | 11052024 | 10-Q 9/30/2024 |
| 6302024 | 8062024 | 10-Q 6/30/2024 |
| 3312024 | 5072024 | 10-Q 3/31/2024 |
| 12312023 | 2272024 | 10-K 12/31/2023 |
| 9302023 | 11032023 | 10-Q 9/30/2023 |
| 6302023 | 8032023 | 10-Q 6/30/2023 |
| 3312023 | 5092023 | 10-Q 3/31/2023 |
| 12312022 | 2242023 | 10-K 12/31/2022 |
| 9302022 | 10312022 | 10-Q 9/30/2022 |
| 6302022 | 7292022 | 10-Q 6/30/2022 |
| 3312022 | 5052022 | 10-Q 3/31/2022 |
| 12312021 | 2252022 | 10-K 12/31/2021 |
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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