COLB
Columbia Banking System, Inc.28.91
-0.25-0.86%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
8.65BP/E (TTM)
13.08Basic EPS (TTM)
2.21Dividend Yield
0.01%Recent Filings
8-K
8-K
10-Q
Q3 FY2025 results
Columbia Banking System's Q3 FY2025 results reflect one month of combined operations post the August 31, 2025, all-stock acquisition of Pacific Premier for $2.4B, issuing 87.6M shares and recognizing $452M goodwill alongside $355M core deposit intangibles amortized over 10 years. Net interest income climbed 17% y/y to $505M (derived), with margin expanding 29 bps to 3.84% on lower deposit costs, while net income dipped to $96M from $146M y/y amid $87M merger expenses and $70M initial provision for acquired loans; diluted EPS held at $0.40, reconciling to 239M shares. Loans swelled 29% y/y to $48.5B and deposits 34% to $55.8B, bolstering $2.3B cash and $20.7B off-balance sheet liquidity. Free cash flow not disclosed in the 10-Q. Yet integration hurdles loom.
8-K
Pacific Premier acquisition closes
Columbia Banking System closed its $2.4 billion acquisition of Pacific Premier on August 31, 2025, boosting deposits to $55.8 billion and assets to $67.5 billion while elevating its Southern California market share to top-10 status. Net interest income jumped $59 million to $505 million, with margin expanding 9 basis points to 3.84% amid lower funding costs and organic deposit growth near $800 million; yet merger expenses of $87 million tempered net income to $96 million. The board authorized a $700 million share repurchase through November 2026, signaling excess capital confidence. Integration risks loom as systems merge in Q1 2026.
8-K
Acquisition closes, assets hit $70B
Columbia Banking System completed its all-stock acquisition of Pacific Premier Bancorp on August 31, 2025, issuing about 88.9 million shares at a 0.9150 exchange ratio, with former Pacific Premier shareholders now holding 30% of the combined entity. This merger boosts Columbia's assets to $70 billion, including $50 billion in loans and $56 billion in deposits, while expanding its footprint across eight western states with over 350 branches. Three ex-Pacific Premier directors joined Columbia's board, and former CEO Steve Gardner signed a $2.2 million one-year consulting deal for integration support. Systems integration targets Q1 2026.
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