Columbia Banking System, Inc. (COLB)

NASDAQ: COLB · IEX Real-Time Price · USD
18.40
-0.24 (-1.29%)
Jun 14, 2024, 4:00 PM EDT - Market closed
-1.29%
Market Cap 3.85B
Revenue (ttm) 1.92B
Net Income (ttm) 486.83M
Shares Out 209.38M
EPS (ttm) 2.33
PE Ratio 7.90
Forward PE 7.55
Dividend $1.44 (7.83%)
Ex-Dividend Date May 23, 2024
Volume 1,050,351
Open 18.42
Previous Close 18.64
Day's Range 18.35 - 18.60
52-Week Range 17.08 - 28.12
Beta 0.87
Analysts Hold
Price Target 22.04 (+19.78%)
Earnings Date Jul 17, 2024

About COLB

Columbia Banking System, Inc. operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions. It also provides commercial lending products, such as commercial lines of credit and term loans, accounts receivable and inventory fi... [Read more]

Sector Financials
Founded 1993
Employees 5,114
Stock Exchange NASDAQ
Ticker Symbol COLB
Full Company Profile

Financial Performance

In 2023, COLB's revenue was $1.78 billion, an increase of 50.47% compared to the previous year's $1.19 billion. Earnings were $348.72 million, an increase of 3.55%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for COLB stock is "Hold." The 12-month stock price forecast is $22.04, which is an increase of 19.78% from the latest price.

Price Target
$22.04
(19.78% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Umpqua Bank 2024 Business Barometer: U.S. Middle Market Optimism Surges, While Small Businesses Proceed Cautiously

Middle Market: Optimism soars to 68% and key growth indicators reach six-year high Small Business: Mood and plans hover near pandemic-era lows, even as recession fears subside LAKE OSWEGO, Ore., June ...

2 days ago - PRNewsWire

Wall Street's Most Accurate Analysts Give Their Take On 3 Financial Stocks With Over 7% Dividend Yields

During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash ...

Other symbols: CSWCOMF
4 days ago - Benzinga

Columbia Banking System Announces $0.36 Per Common Share Dividend

TACOMA, Wash. , May 13, 2024 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia" Nasdaq: COLB), parent company of Umpqua Bank, today announced its Board of Directors has approved a quarterly cas...

4 weeks ago - PRNewsWire

Global Finance Names Umpqua Bank Best U.S. Regional Bank in the Far West

LAKE OSWEGO, Ore. , May 2, 2024 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), today announced it has been named to Global Finance's 31st annual World's Best...

6 weeks ago - PRNewsWire

COLUMBIA BANKING SYSTEM, INC. REPORTS FIRST QUARTER 2024 RESULTS

TACOMA, Wash. , April 25, 2024 /PRNewswire/ --  $0.59 $0.65 $23.68 $16.03 Earnings per diluted common share Operating earnings per diluted common share 1 Book value per common share Tangible book valu...

7 weeks ago - PRNewsWire

Newsweek Names Umpqua Bank One of America's Most Trustworthy Companies for Second Year in a Row

LAKE OSWEGO, Ore., April 8, 2024 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc., (Nasdaq: COLB) has been named to Newsweek's list of Most Trustworthy Companies in America fo...

2 months ago - PRNewsWire

Columbia Banking System Announces Date of First Quarter 2024 Earnings Release and Conference Call

TACOMA, Wash. , April 1, 2024 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia" Nasdaq: COLB), parent company of Umpqua Bank, today announced it will release first quarter 2024 financial resul...

2 months ago - PRNewsWire

Final Trades: Live Nation, Estee Lauder, Alphabet and Columbia Banking

The Investment Committee share their top stocks for the second half.

Other symbols: ELGOOGGOOGLLYV
3 months ago - CNBC Television

Columbia Banking System to Present at Upcoming Institutional Investor Conferences on March 5-6, 2024

TACOMA, Wash. , Feb. 27, 2024 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia" Nasdaq: COLB) President and CEO Clint Stein is scheduled to present at the Raymond James & Associates 45th Annua...

3 months ago - PRNewsWire

Umpqua Bank Announces Retirement of Chief Integration Officer Eric Eid

Retirement follows successful integration and systems conversion of Northwest's two premier banks LAKE OSWEGO, Ore. , Feb. 26, 2024 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System...

3 months ago - PRNewsWire

Final Trades: Uber, Columbia Banking, Tesla, and NOBL

Today's “Halftime Report” Investment Committee, Josh Brown, Bill Baruch, Jenny Harrington and Liz Young give their top picks to watch for the second half.

Other symbols: TSLAUBERNOBL
4 months ago - CNBC Television

COLUMBIA BANKING SYSTEM, INC. REPORTS FOURTH QUARTER 2023 RESULTS

Fourth Quarter 2023 Results Net income of $94 million, or $0.45 per diluted common share Operating net income of $91 million, or $0.44 per diluted common share1 Consolidated asset balances of $52 bill...

5 months ago - PRNewsWire

Columbia Banking System Announces Date of Fourth Quarter 2023 Earnings Release and Conference Call

TACOMA, Wash. , Dec. 29, 2023 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia" Nasdaq: COLB), parent company of Umpqua Bank, today announced it will release fourth quarter 2023 financial resu...

6 months ago - PRNewsWire

11 dividend stocks with high yields expected to be well supported in 2024 per strict criteria

Investors have different approaches to stock dividends. Some have no interest in current income and would prefer companies to focus on growing their businesses, rather than distributing cash to shareh...

6 months ago - Market Watch

Umpqua Bank and Parent Company Columbia Banking System Celebrate Anniversaries with $1M in Grants for Local Nonprofits

Bank honors combined legacies and commitments to local communities across the western region LAKE OSWEGO, Ore. , Dec. 15, 2023 /PRNewswire/ -- Umpqua Bank and parent company Columbia Banking System (N...

6 months ago - PRNewsWire

Umpqua Bank Launches Warm Hearts Winter Drive, Mobilizes Thousands of Associates across the West to Support Neighbors in Need

LAKE OSWEGO, Ore. , Nov. 27, 2023 /PRNewswire/ -- Umpqua Bank today announced the launch of its Warm Hearts Winter Drive, an associate-driven campaign to support individuals and families who struggle ...

7 months ago - PRNewsWire

Umpqua Bank Hires Corey Dahline and Greg Newhall to Lead and Expand North Coast Wine Specialty Group

Bank bolsters focus on wine industry with addition of commercial and private banking leaders LAKE OSWEGO, Ore. , Oct. 31, 2023 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc....

8 months ago - PRNewsWire

Umpqua Bank Opens First Retail Branch in Utah

Addition of retail banking and depository services follows commercial lending expansion in 2022 South Jordan location to support the depository and full banking needs of businesses and consumers acros...

8 months ago - PRNewsWire

Columbia Banking System Announces Date of Third Quarter 2023 Earnings Release and Conference Call

TACOMA, Wash. , Sept. 29, 2023 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia" Nasdaq: COLB), parent company of Umpqua Bank, today announced it will release third quarter 2023 financial resu...

9 months ago - PRNewsWire

Umpqua Bank 2023 Business Barometer: Optimism, Expectations for Revenue and Profitability Rise Despite Lingering Economic Concerns

Business leaders focused on efficiency, reducing uncertainty, protecting working capital 74% focused on digitization to become more efficient 60% investing in tools to protect payments systems 57% of ...

9 months ago - PRNewsWire

Umpqua Bank Names Nicole Bascomb-Green Head of Community Lending

Hire advances Umpqua's commitment to provide financial products and services that address affordable housing and access challenges in its communities Bascomb-Green, real estate and banking leader, rec...

9 months ago - PRNewsWire

These 20 dividend-paying stocks get a double boost from declining interest rates

Bonds will do well if U.S. interest rates decline in coming months. What you may not appreciate is that dividend-paying stocks are likely to do even better.

Other symbols: BNSCCICFGCMADOWFITBFL
10 months ago - Market Watch

6 Beaten-Up Regional Bank Stocks Ready For A Rebound

After Moody's cut credit ratings, regional banks are feeling the heat again. However, some smart analysts think there are select bargains in the trash bin.

Other symbols: EWBCFITBNYCBPNCUSB
11 months ago - Forbes

COLUMBIA BANKING SYSTEM, INC. REPORTS SECOND QUARTER 2023 RESULTS

Second Quarter 2023 Results Net income of $133 million, or $0.64 per common share Operating net income of $169 million, or $0.81 per common share1 Consolidated asset balances of $54 billion at quarter...

11 months ago - PRNewsWire

Columbia Trust Company Hires Rob Pitois to Lead Expansion into California and Nevada Following Columbia Bank Merger with Umpqua Bank

TACOMA, Wash. , July 17, 2023 /PRNewswire/ -- Columbia Trust Company, a subsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), announced today it has named Rob Pitois as Senior Vice President and...

11 months ago - PRNewsWire