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Columbia Banking Systems Inc - COLB STOCK NEWS

Welcome to our dedicated page for Columbia Banking Systems news (Ticker: COLB), a resource for investors and traders seeking the latest updates and insights on Columbia Banking Systems stock.

Columbia Banking Systems Inc. (Nasdaq: COLB) is a prominent regional bank holding company headquartered in Tacoma, Washington. Through its wholly-owned subsidiary, Columbia State Bank, and additional divisions under the Umpqua Bank brand, Columbia offers a comprehensive range of banking services to small and medium-sized businesses, professionals, and individuals across Washington, Oregon, Idaho, California, Nevada, Utah, Arizona, and Colorado. As of 2023, the bank boasts assets exceeding $50 billion, making it one of the largest banks headquartered in the Western U.S.

Formed from the merger of Columbia State Bank and Umpqua Holdings Corporation in March 2023, Columbia Banking Systems stands out due to its hybrid model of delivering sophisticated financial solutions and maintaining a strong commitment to personalized service and community engagement. The bank operates more than 150 branches and provides services such as retail and commercial banking, Small Business Administration (SBA) lending, institutional and corporate banking, equipment leasing, and wealth management.

Columbia has garnered numerous accolades, including a consistent presence on Forbes' list of America's Best Banks and recognition by the Puget Sound Business Journal as one of

News

Columbia Banking System Announces $0.36 Per Common Share Dividend

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Columbia Banking System, parent company of Umpqua Bank, declared a quarterly cash dividend of $0.36 per common share. The dividend will be paid on June 10, 2024, to shareholders of record as of May 24, 2024.

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

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Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), has been named the best U.S. regional bank in the Far West by Global Finance. The recognition is based on factors like financial performance, customer satisfaction, and shareholder returns. Umpqua was part of five top regional banks in the 2024 rankings, operating across eight states. The bank's transformational merger in 2023 with Umpqua Holdings created one of the largest banks in the West. The CEO, Clint Stein, attributes the success to the bank's dedicated associates and commitment to customer success. The complete list of recognized banks can be found on GFMag.com.

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COLUMBIA BANKING SYSTEM, INC. REPORTS FIRST QUARTER 2024 RESULTS

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Columbia Banking System, Inc. reports first quarter 2024 results, highlighting a decrease in net interest income, non-interest income, and non-interest expense. The credit quality saw an increase in net charge-offs and non-performing assets. The capital ratios remained strong, with a quarterly cash dividend declared. The CEO emphasized long-term performance optimization and prudent expense management.
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Newsweek Names Umpqua Bank One of America's Most Trustworthy Companies for Second Year in a Row

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Umpqua Bank, a subsidiary of Columbia Banking System Inc. (COLB), has been recognized as one of America's Most Trustworthy Companies for the second consecutive year, ranking ninth in the bank category for 2024. The accolade, awarded by Newsweek and Statista Inc., is based on evaluations of customer, investor, and employee trust. Columbia and Umpqua's merger in 2023 has positioned them as a leading bank in the Western U.S., serving a vast customer base across eight states and major metropolitan areas.
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Columbia Banking System Announces Date of First Quarter 2024 Earnings Release and Conference Call

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Columbia Banking System, Inc. (COLB) will release its first quarter 2024 financial results on April 25, 2024, after market close. The company will host a conference call to discuss the results and recent activities. Investors and analysts can participate in the live Q&A session.
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Columbia Banking System to Present at Upcoming Institutional Investor Conferences on March 5-6, 2024

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Columbia Banking System, Inc. President and CEO Clint Stein to present at two upcoming conferences in March 2024. The events include the Raymond James & Associates 45th Annual Institutional Investors Conference and the RBC Capital Markets Global Financial Institutions Conference.
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Umpqua Bank Announces Retirement of Chief Integration Officer Eric Eid

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Umpqua Bank, a subsidiary of Columbia Banking System Inc. (COLB), announces the retirement of Eric Eid, Chief Integration Officer, following successful integration and systems conversion of Northwest's two premier banks. Eid played a crucial role in guiding Columbia Bank through multiple mergers and technical systems conversions, enabling the bank to absorb several banks seamlessly and establish a reputation as an acquirer of choice.
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Columbia Banking System Announces $0.36 Per Common Share Dividend

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Columbia Banking System, Inc. (COLB) announces a quarterly cash dividend of $0.36 per common share, showcasing the company's strong financial position and commitment to returning capital to shareholders.
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COLUMBIA BANKING SYSTEM, INC. REPORTS FOURTH QUARTER 2023 RESULTS

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Columbia Banking System, Inc. reported net income of $94 million, or $0.45 per diluted common share, and operating net income of $91 million, or $0.44 per diluted common share for the fourth quarter of 2023. The company also achieved consolidated asset balances of $52 billion, loan balances of $37 billion, and deposit balances of $42 billion at quarter end. The estimated CET1 and total capital ratios were 9.6% and 11.8% at quarter end. The net interest income decreased to $454 million, and the net interest margin was 3.78%, down 13 basis points from the prior quarter. Non-interest income increased by $22 million, and non-interest expense increased by $33 million, driven by a recorded $33 million expense for the special assessment from the FDIC. The allowance for credit losses was $464 million, and the provision for credit losses was $55 million. The book value per common share increased to $23.95, and the tangible book value per common share increased to $16.12.
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Columbia Banking System Announces Date of Fourth Quarter 2023 Earnings Release and Conference Call

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Columbia Banking System, Inc. (COLB) will release its fourth quarter 2023 financial results on January 24, 2024, after market close. The company will host a conference call for investors and analysts to discuss its recent activities and financial results. Participants can register for the call and join the audiocast using the provided links.
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FAQ

What is the current stock price of Columbia Banking Systems (COLB)?

The current stock price of Columbia Banking Systems (COLB) is $30.88 as of November 15, 2024.

What is the market cap of Columbia Banking Systems (COLB)?

The market cap of Columbia Banking Systems (COLB) is approximately 6.4B.

What services does Columbia Banking Systems Inc. offer?

Columbia Banking Systems Inc. offers retail and commercial banking, SBA lending, institutional and corporate banking, equipment leasing, and wealth management services.

How large is Columbia Banking Systems Inc.?

As of 2023, Columbia Banking Systems Inc. has assets exceeding $50 billion, making it one of the largest banks headquartered in the Western U.S.

Where is Columbia Banking Systems Inc. headquartered?

Columbia Banking Systems Inc. is headquartered in Tacoma, Washington.

What recent achievements has Columbia Banking Systems Inc. accomplished?

Columbia Banking Systems Inc. successfully completed a merger with Umpqua Holdings Corporation in March 2023 and opened its first retail branch in Utah. The bank also achieved significant merger-related cost savings.

What recognition has Columbia Banking Systems Inc. received?

Columbia Banking Systems Inc. has been consistently listed on Forbes' America's Best Banks and recognized by the Puget Sound Business Journal as one of Washington's Best Workplaces for nine consecutive years.

What is the Business Barometer study by Umpqua Bank?

The Business Barometer study by Umpqua Bank is an annual examination of the mood, mindset, and strategic priorities of small and middle-market businesses across the U.S., highlighting trends like digitization and cybersecurity.

How did Columbia Banking Systems Inc. perform financially in Q4 2023?

In Q4 2023, Columbia Banking Systems Inc. reported net interest income of $454 million and a net interest margin of 3.78%. Total consolidated assets were $52.2 billion as of December 2023.

What regulatory measures does Columbia Banking Systems Inc. adhere to?

Columbia Banking Systems Inc. adheres to rigorous regulatory compliance, risk management practices, and forward-looking strategies to navigate economic challenges effectively.

What is the target of Columbia's operational excellence initiatives?

Columbia's operational excellence initiatives aim to enhance efficiency, reduce uncertainties, and ensure robust financial health and shareholder value.

Where can I learn more about Columbia Banking Systems Inc.?

You can learn more about Columbia Banking Systems Inc. at their official website: www.columbiabankingsystem.com.

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Columbia Banking Systems Inc

Nasdaq:COLB

COLB Rankings

#1119 Ranked by Market Cap
#618 Ranked by Dividends

COLB Stock Data

6.43B
209.53M
0.68%
95%
1.97%
Banks - Regional
State Commercial Banks
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United States of America
TACOMA