# Columbia Banking System, Inc. (COLB)

> Source: Nexqual · https://nexqual.com/COLB · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Columbia Banking System, Inc. (COLB), nexqual.com/COLB" · informational, not investment advice.

**Price:** USD 29.89 (+2.36% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 29.89 · day 28.97–29.9 · 52w 24.75–33.68 · market cap null · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $2.65B, net income $711M (26.8% margin) (SEC filings).
- 2 of 80 tracked superinvestors hold COLB (13F, Q2 2026): 0 new, 2 added, 0 reduced, 0 unchanged.
- Total return with dividends: 1Y +25.7% vs S&P 500 +14.9%; 5Y +9.2% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 0.77, revenue estimate $688M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.28B | $1.27B | $2.00B | $1.93B | $2.30B | $2.65B |
| Net income | $420M | $337M | $349M | $534M | $550M | $711M |
| EPS (diluted) | $3.21 | $2.60 | $1.78 | $2.55 | $2.30 | — |
| Free cash flow | $647M | $1.04B | — | — | — | — |
| Net margin | 32.9% | 26.5% | 17.5% | 27.7% | 23.9% | 26.8% |
| Revenue growth | +111.0% | -0.5% | +57.3% | -3.4% | +19.3% | — |
| Cash + short-term investments | $825M | $1.29B | $2.16B | $1.88B | $2.38B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)

P/E at fiscal year-ends: Dec 2025 12.2x, Dec 2024 10.6x, Dec 2023 15.0x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold COLB. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Richard Pzena | Pzena Investment Management | 0.20% | $68.2M | Added +4.7% |
| First Eagle Investment | First Eagle Investment Management | 0.02% | $12.3M | Added +68.0% |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | Deutsche Bank | Initiated | Hold | $32 |
| 2026-10-09 | RBC Capital | Target lowered | Sector Perform | $35 → $32 |
| 2026-10-05 | Barclays | Target raised | Equal-Weight | $30 → $32 |
| 2026-10-05 | TD Cowen | Target lowered | Hold | $34 → $32 |
| 2026-10-01 | JP Morgan | Target lowered | Neutral | $35 → $33 |
| 2026-09-30 | Wells Fargo | Target lowered | Equal-Weight | $34 → $32 |
| 2026-09-22 | Citigroup | Target lowered | Neutral | $32 → $31 |
| 2026-09-01 | DA Davidson | Upgrade | Neutral → Buy | $33 → $36 |
| 2026-08-10 | Wells Fargo | Target raised | Equal-Weight | $32 → $34 |
| 2026-08-03 | Barclays | Target lowered | Equal-Weight | $31 → $30 |
| 2026-07-24 | Keefe, Bruyette & Woods | Target raised | Outperform | $34 → $35 |
| 2026-07-24 | RBC Capital | Target raised | Sector Perform | $34 → $35 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +25.7% | +9.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +25.8% | +1.8% |
| Volatility (annualized) | 25.1% | 35.0% |
| Max drawdown | -18.4% (Feb 2026→Mar 2026) | -48.1% (Feb 2022→May 2023) |

## Peers (Banks - Regional)
BBD (Banco Bradesco Sa) USD 3.95 -2.47% · FITB (Fifth Third Bancorp) USD 53.23 +0.80% · DB (Deutsche Bank AG) USD 31.48 -2.39% · TFC (Truist Financial Corporation) USD 48.42 +1.45% · NWG (NatWest Group plc) USD 16.99 -2.30% · NU (Nu Holdings Ltd.) USD 14.73 -2.13%

## More
Full page: https://nexqual.com/COLB · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.77 | $0.79 | -2.2% | $687.6M | 14 |
| Next quarter (ends 2026-12-31) | $0.79 | $0.82 | -3.3% | $693.6M | 14 |
| Current fiscal year (ends 2026-12-31) | $3.03 | $3.05 | -0.6% | $2.74B | 14 |
| Next fiscal year (ends 2027-12-31) | $3.30 | $3.38 | -2.3% | $2.80B | 14 |