Welcome to our dedicated page for Columbia Bank news (Ticker: COLB), a resource for investors and traders seeking the latest updates and insights on Columbia Bank stock.
Columbia Banking System, Inc. (Nasdaq: COLB) delivers comprehensive financial services through its Umpqua Bank subsidiary across the Northwestern and Western United States. This news hub provides investors and stakeholders with essential updates on the regional banking leader’s strategic initiatives and market developments.
Access timely press releases covering earnings reports, merger integrations, technology investments, and community programs. Our curated collection helps track COLB’s performance in commercial lending, wealth management innovations, and regional expansion efforts.
Key updates include regulatory filings, leadership announcements, and service enhancements across personal banking, business solutions, and trust services. Bookmark this page to monitor Columbia Bank’s progress in maintaining cost efficiencies while expanding its footprint in high-growth Western markets.
Columbia Banking System (COLB) reported Q1 2025 financial results with net income of $87 million and operating net income of $140 million. Earnings per diluted share were $0.41, while operating earnings per share reached $0.67.
Key highlights include: net interest margin at 3.60% (down 4 basis points from Q4), total assets of $51.5B, and deposits increasing to $42.2B. The company announced a significant merger with Pacific Premier Bancorp, creating a combined entity with approximately $70B in assets.
Notable Q1 developments include: successful small business campaign bringing $425M in new deposits, opening of first Colorado branch, and maintaining quarterly dividend at $0.36 per share. Credit quality metrics showed net charge-offs at 0.32% of average loans, with non-performing assets at 0.35% of total assets.
Columbia Banking System (COLB) has announced a definitive merger agreement to acquire Pacific Premier Bancorp in an all-stock transaction valued at approximately $2.0 billion. Under the agreement, Pacific Premier stockholders will receive 0.9150 shares of Columbia common stock for each Pacific Premier share, valued at $20.83 per share based on Columbia's closing price of $22.77 on April 22, 2025.
The combined entity will have approximately $70 billion in assets and over $57 billion in deposits across the Western U.S. Pacific Premier stockholders will own approximately 30% of Columbia's outstanding shares post-merger. The transaction is expected to close in the second half of 2025, subject to regulatory and stockholder approvals.
The merger is projected to deliver mid-teens EPS accretion to Columbia with tangible book value dilution earned back in three years. The combined company anticipates achieving a 20% ROATCE and 1.4% ROAA in 2026, with expected cost savings of $88 million after-tax.
Columbia Banking System (Nasdaq: COLB) has scheduled its first quarter 2025 earnings release for Thursday, April 24, 2025, after market close. The parent company of Umpqua Bank will host a conference call for investors and analysts at 2:00 p.m. PT (5:00 p.m. ET) on the same day.
The earnings call will feature management's discussion of Q1 2025 financial results and recent company activities, followed by a live Q&A session. Participants can register for either the full call with Q&A access or a listen-only audiocast, with recommended joining time 10 minutes before the start.
Umpqua Bank, a subsidiary of Columbia Banking System (Nasdaq: COLB), has expanded its presence in Colorado with the opening of its first retail branch and commercial office in Denver. The new location includes a 7,500 square foot commercial space opened in January 2025 and a 2,600 square foot retail branch.
The expansion builds on Umpqua's initial 2022 market entry in Colorado providing commercial real estate services. The Denver Tech Center location will offer full-service consumer, commercial, private banking, and wealth management services. The branch, led by Daniel Maganda, will operate Monday through Friday from 9 a.m. to 5 p.m.
The bank plans to further expand with another commercial and retail location in Colorado Springs later this year. As part of its community engagement, the Umpqua Bank Charitable Foundation has contributed $60,000 to various local organizations and an additional $25,000 to the Denver Indian Family Resource Center.
Columbia Banking System (Nasdaq: COLB) has announced two upcoming investor conference presentations. President and CEO Clint Stein will present at two major financial events:
1. The Raymond James & Associates 46th Annual Institutional Investors Conference on March 3, 2025, at 4:00 p.m. ET
2. The 2025 RBC Capital Markets Global Financial Institutions Conference on March 5, 2025, at 2:40 p.m. ET
Both presentations will be available via live audiocast and replay through Columbia's investor relations website at www.columbiabankingsystem.com under the 'News & Market Data – Event Calendar' section. The presentations may include forward-looking statements.
Columbia Banking System (Nasdaq: COLB), the parent company of Umpqua Bank, has announced that its Board of Directors has approved a quarterly cash dividend of $0.36 per common share. The dividend will be payable on March 17, 2025, to shareholders of record as of February 28, 2025.
Columbia Banking System (COLB) reported Q4 2024 results with net income of $143 million and operating net income of $150 million. Earnings per diluted share were $0.68, while operating earnings per share reached $0.71.
Key highlights include:
- Net interest income increased by $7 million from Q3, with net interest margin expanding to 3.64%
- Total assets stood at $51.6B with loans and leases at $37.7B
- Deposits increased to $41.7B
- Credit quality remained stable with net charge-offs at 0.27% of average loans
The bank's performance showed improvement in deposit-driven margin expansion and commercial loan growth. The company maintained strong capital positions with an estimated total risk-based capital ratio of 12.6% and common equity tier 1 ratio of 10.5%. A quarterly dividend of $0.36 per share was paid in December 2024.
Columbia Banking System (NASDAQ: COLB) has scheduled its fourth quarter 2024 earnings release for Thursday, January 23, 2025, after market close. The company will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) the same day, where management will present financial results and provide updates on recent activities. The presentation will be followed by a live Q&A session. Participants can register for either a dial-in option or listen-only audiocast, with recommended joining 10 minutes before start time.
Umpqua Bank, a subsidiary of Columbia Banking System (Nasdaq: COLB), has appointed David Navarro as Senior Vice President, Southern Nevada Commercial Banking Market Leader. Navarro will focus on expanding the bank's presence in the region, serving midsize companies with annual revenues between $10 million and $1 billion.
A Las Vegas native and UNLV adjunct professor, Navarro brings over a decade of commercial banking experience in the area. He will lead teams focused on building customer relationships and providing customized banking solutions. The appointment aligns with Umpqua Bank's strategy to strengthen its presence in key western markets through top regional talent acquisition.
Umpqua Bank has launched its 10th Annual Warm Hearts Winter Drive, a community campaign aimed at supporting individuals, families, and youths facing housing challenges. The initiative, involving 4,800 associates and nearly 300 branches, seeks to collect winter items and raise funds for shelters across six states.
Last year's drive raised $365,000 for over 100 shelter partners and nonprofits across Oregon, Washington, California, Idaho, Nevada, and Utah. Since its 2015 inception, the campaign has generated nearly $2.5 Million in funds and resources.
Donations can be made through WarmHeartsWinterDrive.com or at local Umpqua Bank branches, with 100% of contributions directly supporting local shelters and aide organizations in their respective communities.
