Columbia Banking System Inc Stock Research

Market Summary

USD20.52+0.33

Market Closed

1.63%

COLB Alerts

Big jump in Earnings (Y/Y)

COLB Stock Price

COLB RSI Chart

COLB Valuation

Market Cap

1.6B

Price/Earnings (Trailing)

6.45

Price/Sales (Trailing)

2.5

EV/EBITDA

1.34

Price/Free Cashflow

5.5

COLB Price/Sales (Trailing)

COLB Profitability

EBT Margin

49.13%

Return on Equity

11.3%

Return on Assets

1.23%

Free Cashflow Yield

18.19%

COLB Fundamentals

COLB Revenue

Revenue (TTM)

646.5M

Revenue Y/Y

21.68%

Revenue Q/Q

7.38%

COLB Earnings

Earnings (TTM)

250.2M

Earnings Y/Y

60.58%

Earnings Q/Q

6.1%

Price Action

52 Week Range

19.5935.53

(Low)(High)

Last 7 days

-6.5%

Last 30 days

-32.6%

Last 90 days

-30.5%

Trailing 12 Months

-36.3%

COLB Financial Health

COLB Investor Care

Dividend Yield

5.85%

Dividend/Share (TTM)

1.2

Shares Dilution (1Y)

0.17%

Diluted EPS (TTM)

3.2

Peers (Alternatives to Columbia Banking System)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
BNS	56.4B	40.0B	-8.98%	-31.24%	5.3	1.79	34.99%	-10.60%
MTB	20.1B	6.2B	-25.47%	-35.61%	14.56	3.21	58.61%	-25.85%
CFG	15.3B	7.1B	-25.67%	-34.02%	7.39	2.17	45.54%	-10.61%
MID-CAP
EWBC	7.7B	2.3B	-27.78%	-31.39%	6.84	3.32	43.40%	29.22%
CBSH	6.9B	999.0M	-12.47%	-19.22%	14.12	6.9	17.76%	-7.98%
SIVB	6.3B	5.7B	-67.21%	-80.32%	3.9	1.11	72.48%	-22.38%
PB	5.8B	1.1B	-15.03%	-9.45%	10.96	5.25	4.58%	1.01%
FFIN	4.6B	432.9M	-13.79%	-27.60%	19.55	10.59	15.00%	3.04%
BPOP	3.9B	2.5B	-23.06%	-34.29%	3.54	1.58	16.17%	17.94%
WAL	3.6B	2.7B	-54.27%	-60.94%	3.36	1.32	62.28%	17.58%
SMALL-CAP
BANR	1.9B	450.9M	-13.73%	-5.77%	9.54	4.13	1.16%	-2.82%
SBCF	1.7B	380.5M	-21.10%	-30.57%	16.27	4.55	51.31%	-14.39%
HTLF	1.6B	674.7M	-21.79%	-19.17%	7.78	2.45	14.59%	-3.52%
LKFN	1.6B	239.6M	-12.16%	-14.61%	15.6	6.76	23.99%	8.44%

Financials for Columbia Banking System

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	5.2%	646	614	581	558	536
EBITDA	5.7%	990	936	881	846	-
EBITDA Margin	0.5%	1.53*	1.52*	1.52*	1.52*	-
Earnings Before Taxes	10.8%	318	287	271	265	257
EBT Margin	5.3%	0.49*	0.47*	0.47*	0.48*	-
Interest Expenses	3.5%	623	602	572	550	528
Net Income	11.6%	250	224	212	208	203
Net Income Margin	6.1%	0.39*	0.36*	0.37*	0.37*	-
Free Cahsflow	11.9%	293	262	263	231	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-0.7%	20,266	20,405	20,564	20,964	20,945
Cash Equivalents	-8.2%	292	318	414	972	825
Net PPE	-0.8%	161	162	169	170	172
Goodwill	0%	823	823	823	823	823
Liabilities	-1.3%	18,053	18,290	18,321	18,603	18,357
Shareholder's Equity	4.6%	2,213	2,115	2,243	2,361	2,589
Retained Earnings	5.6%	850	805	763	728	694
Shares Outstanding	0.0%	79.00	79.00	79.00	79.00	79.00

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	11.5%	301	270	269	238	235
Share Based Compensation	0.0%	16.00	16.00	16.00	16.00	15.00
Cashflow From Investing	59.8%	-395	-984	-1,432	-1,825	-2,358
Cashflow From Financing	-424.6%	-437	135	746	1,676	2,294
Dividend Payments	-0.5%	94.00	95.00	91.00	88.00	84.00
Buy Backs	100.0%	0.00	-0.12	-0.13	-0.07	0.00

Risks for COLB

What is the probability of a big loss on COLB?

83.8%

Probability that Columbia Banking System stock will be more than 20% underwater in next one year

36.5%

Probability that Columbia Banking System stock will be more than 30% underwater in next one year.

18.1%

Probability that Columbia Banking System stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does COLB drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Columbia Banking System was unfortunately bought at previous high price.

Drawdowns

Returns for COLB

Cumulative Returns on COLB

2.9%

10-Year Cumulative Returns

-1.8%

7-Year Cumulative Returns

-10.0%

5-Year Cumulative Returns

-2.3%

3-Year Cumulative Returns

What are the long-term rolling returns for COLB?

FIve years rolling returns for Columbia Banking System.

Annualized Returns

Which funds bought or sold COLB recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-12.27	-1,451,320	15,617,700	0.02%
2023-03-06	Rockefeller Capital Management L.P.	added	390	2,000	2,000	-%
2023-02-28	Voya Investment Management LLC	reduced	-0.08	93,278	2,310,280	-%
2023-02-24	NATIXIS	sold off	-100	-1,731,000	-	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	added	11.45	102,000	728,000	0.01%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	new	-	31,546	31,546	-%
2023-02-21	MACQUARIE GROUP LTD	reduced	-11.37	-564,000	6,471,000	0.01%
2023-02-16	CHARTWELL INVESTMENT PARTNERS, LLC	reduced	-22.84	-1,833,000	7,552,000	0.30%
2023-02-16	Talbot Financial, LLC	new	-	919,568	919,568	0.19%
2023-02-15	State of Wyoming	reduced	-9.16	-1,669	37,331	0.01%

Latest Funds Activity

Are funds buying COLB calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own COLB

No. of Funds

COLB Alerts

Big jump in Earnings (Y/Y)

Columbia Banking System News

Schedule 13G FIlings of Columbia Banking System

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 08, 2023	blackrock inc.	6.5%	5,114,687	SC 13G/A
Feb 09, 2023	vanguard group inc	12.04%	9,470,597	SC 13G/A
Feb 08, 2023	state street corp	6.05%	4,760,187	SC 13G/A
Jan 30, 2023	franklin mutual advisers llc	6.0%	4,700,011	SC 13G
Jan 26, 2023	blackrock inc.	14.4%	11,325,384	SC 13G/A
Jan 20, 2023	blackrock inc.	14.4%	11,325,384	SC 13G
Feb 14, 2022	price t rowe associates inc /md/	3.7%	2,981,055	SC 13G/A
Feb 10, 2022	state street corp	6.31%	4,957,374	SC 13G
Feb 09, 2022	vanguard group inc	11.35%	8,908,287	SC 13G/A
Jan 27, 2022	blackrock inc.	14.6%	11,456,349	SC 13G/A

COLB Fair Value

Columbia Banking System fair value in different scenarios

The table shows the Fair Value estimates for Columbia Banking System for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	34.47 67.98%	45.76 123.00%	70.22 242.20%	93.74 356.82%	121.40 491.62%
Current Inflation	31.43 53.17%	41.16 100.58%	61.93 201.80%	81.68 298.05%	104.94 411.40%
Very High Inflation	27.66 34.80%	35.57 73.34%	52.12 154.00%	67.63 229.58%	85.93 318.76%

Historical Columbia Banking System Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Columbia Banking System

View All Filings

Date Filed	Form Type	Document
Mar 15, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4/A	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading
Mar 10, 2023	4	Insider Trading

Latest Insider Trading transactions for COLB

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-14	Stein Clint	acquired	-	-	17,046	president and ceo
2023-03-08	OGNALL ANDREW H	sold (taxes)	-27,059	27.36	-989	imo general counsel
2023-03-08	Namdar Frank	sold (taxes)	-12,749	27.36	-466	chief credit officer
2023-03-08	Anderson Drew K	sold (taxes)	-7,934	27.36	-290	chief administrative officer
2023-03-08	O'HAVER CORT L	sold (taxes)	-91,683	27.36	-3,351	executive chairman
2023-03-08	Nixon Torran B	sold (taxes)	-65,007	27.36	-2,376	senior executive vp
2023-03-08	Burns Sheri	sold (taxes)	-23,666	27.36	-865	chief human resources officer
2023-03-08	White Lisa M	sold (taxes)	-6,101	27.36	-223	pao & corporate controller
2023-03-08	FARNSWORTH RON L	sold (taxes)	-47,305	27.36	-1,729	chief financial officer
2023-03-02	Burns Sheri	acquired	-	-	2,782	chief human resources officer

About Columbia Banking System

Clint E. Stein

www.columbiabank.com

2260

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.

COLB Income Statement

2022-12-31

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest Income
Loans	$ 495,829	$ 415,770	$ 426,003
Taxable securities	133,084	107,594	81,578
Tax-exempt securities	14,820	11,746	9,567
Deposits in banks	2,748	955	661
Total interest income	646,481	536,065	517,809
Interest Expense
Deposits	16,533	6,186	9,367
FHLB advances and FRB borrowings	4,659	291	6,264
Subordinated debentures	807	1,932	1,871
Other borrowings	1,646	137	196
Total interest expense	23,645	8,546	17,698
Net Interest Income	622,836	527,519	500,111
Provision for credit losses	1,950	4,800	77,700
Net interest income after provision for credit losses	620,886	522,719	422,411
Noninterest Income
Deposit account and treasury management fees	31,498	27,107	27,019
Card revenue	20,186	18,503	13,928
Financial services and trust revenue	17,659	15,753	12,830
Loan revenue	12,582	22,044	24,802
Bank owned life insurance	7,636	6,533	6,418
Investment securities gains (losses), net	(9)	314	16,710
Other	9,592	3,840	2,793
Total noninterest income	99,144	94,094	104,500
Noninterest Expense
Compensation and employee benefits	241,139	224,034	209,722
Occupancy	41,150	37,815	36,013
Data processing and software	41,117	33,498	29,449
Legal and professional fees	20,578	18,910	12,158
Amortization of intangibles	8,698	7,987	8,724
Business and Occupation taxes	6,797	5,903	4,970
Advertising and promotion	3,962	3,383	4,466
Regulatory premiums	6,619	4,912	2,956
Net cost (benefit) of operation of OREO	114	66	(315)
Other	32,209	23,796	26,376
Total noninterest expense	402,383	360,304	334,519
Income before income taxes	317,647	256,509	192,392
Income tax provision	67,469	53,689	38,148
Net Income	$ 250,178	$ 202,820	$ 154,244
Per Common Share
Basic earnings per common share	$ 3.20	$ 2.79	$ 2.17
Diluted earnings per common share	$ 3.20	$ 2.78	$ 2.17
Weighted average number of common shares outstanding	78,047	72,683	70,835
Weighted average number of diluted common shares outstanding	78,193	72,873	70,880

COLB Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and Due from Banks	$ 262,458	$ 153,414
Interest-earning deposits with banks	29,283	671,300
Total cash and cash equivalents	291,741	824,714
Debt Securities, Available-for-sale	4,589,099	5,910,999
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss	2,034,792	2,148,327
Equity Securities	13,425	13,425
Federal Home Loan Bank stock at cost	48,160	10,280
Loans held for sale	76,843	9,774
Loans, net of unearned income	11,610,973	10,641,937
Allowance for Credit Loss	158,438	155,578
Loans, net	11,452,535	10,486,359
Interest receivable	64,908	56,019
Premises and equipment, net	160,578	172,144
Other real estate owned	0	381
Goodwill	823,172	823,172
Other intangible assets, net	25,949	34,647
Other assets	684,641	455,092
Total Assets	20,265,843	20,945,333
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing deposits	8,373,350	8,856,714
Interest-bearing deposits	8,338,100	9,153,401
Total deposits	16,711,450	18,010,115
Federal Home Loan Bank advances	954,315	7,359
Securities sold under agreements to repurchase	95,168	86,013
Subordinated Debentures	10,000	10,000
Junior Subordinated Notes	10,310	10,310
Other liabilities	271,447	232,794
Total liabilities	$ 18,052,690	$ 18,356,591
Preferred Stock, Authorized shares	2,000	2,000
Common stock, Authorized shares	115,000	115,000
Common Stock Shares Issued	80,830	80,695
Common Stock (no par value)	$ 1,944,471	$ 1,930,187
Common Stock Shares Outstanding	78,646	78,511
Retained earnings	$ 850,011	$ 694,227
Accumulated Other Comprehensive Income, Net of Tax	$ (510,495)	$ 35,162
Treasury Stock, Shares	2,184	2,184
Treasury Stock, Value	$ (70,834)	$ (70,834)
Total shareholders' equity	2,213,153	2,588,742
Total Liabilities and Shareholders' Equity	$ 20,265,843	$ 20,945,333