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Columbia Banking System
Columbia Banking System (COLB) investor relations material
Columbia Banking System Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary22 Jan, 2026
Executive summary
Achieved strong fourth quarter and full-year 2025 results, with Q4 net income of $215 million and operating net income of $243 million, driven by the successful acquisition and integration of Pacific Premier Bank, which expanded the Western U.S. footprint and improved market share, especially in Southern California.
Continued de novo expansion with new locations in Arizona, Colorado, California, and Oregon, funded by prior efficiency initiatives.
Maintained focus on operational consistency, profitability, and disciplined growth, with eight consecutive quarters of repeatable earnings.
Leadership changes included Clint Stein becoming Board Chair and Ivan Seda appointed CFO effective December 31, 2025.
Deposit campaigns in 2025 generated $1.3 billion in new deposits; 3.7 million shares repurchased in Q4 2025.
Financial highlights
Fourth quarter operating pre-provision net revenue (PPNR) rose 27% and operating net income increased 19% sequentially; full-year 2025 PPNR and operating net income up 22% and 31% year-over-year.
Q4 EPS was $0.72 reported and $0.82 operating; full-year diluted EPS was $2.30 reported, $3.12 operating.
Net interest margin expanded to 4.06% in Q4 from 3.84% in Q3 and 3.64% in Q4 2024, aided by improved funding and asset optimization.
Non-interest income reached $90 million GAAP and $88 million operating, with a 26% year-over-year increase in 2025.
Operating non-interest expense was $331 million (excluding CDI amortization), at the lower end of guidance; reported non-interest expense for Q4 was $412 million.
ROAA exceeded 1.4% and return on tangible common equity surpassed 17% in Q4; return on average assets was 1.27% reported, 1.44% operating.
Outlook and guidance
Net interest margin expected at 3.90%-3.95% in Q1 2026, then trending above 4% by Q2 or Q3 as deposit balances rebound.
Non-interest expense (excluding CDI amortization) projected at $335-$345 million for Q1 and Q2, declining in Q3 as cost savings are fully realized.
Share repurchases to increase to $150-$200 million per quarter in 2026, with $600 million remaining authorized.
Loan portfolio expected to remain relatively flat for 2026, with transactional runoff offset by core relationship lending.
Core fee income modeled in the low-to-mid $80 million range per quarter for 2026.
Effective tax rate projected at 25% for 2026.
Integration of Pacific Premier expected to complete in Q1 2026, with all cost savings realized by June 30, 2026.
How does Pac Premier reshape long-term strategy?
Balance sheet optimization: profitability vs growth?
Capital deployment: buyback vs other uses?
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Next Columbia Banking System earnings date
Q1 202622 Apr, 2026
Columbia Banking System
Next Columbia Banking System earnings date
Q1 202622 Apr, 2026
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Frequently asked questions
Columbia Banking System Inc. operates as the holding company for Umpqua Bank, providing personal and business banking products. Services include loans, deposits, payment solutions, and wealth management. The company serves individuals, small businesses, and commercial clients in the western United States. It is headquartered in Tacoma, Washington, and its shares are listed on the NASDAQ.
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