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Asset logo for symbol COLB
Columbia Banking System
COLB63
$25.39arrow_drop_down1.07%-$0.27
Asset logo for symbol COLB
COLB63

$25.39

arrow_drop_down1.07%

Income Statement (COLB)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
EBIT-$90.69M-$90.99M$85.22M$144.67M$335.28M
EBITDA-$53.53M-$51.02M$127.07M$183.97M$370.83M
gross Profit$695.53M$682.98M$691.63M$524.85M$523.65M
NET Income$120.14M$124.08M$93.53M$135.84M$133.37M
total Revenue$743.47M$733.34M$757.16M$524.85M$523.65M

Balance Sheet (COLB)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
cash Equivalents-----
net Debt$2.57B$2.46B$2.59B$2.15B$3.39B
stockholders Equity$4.97B$4.95B$4.99B$4.63B$4.82B
total Assets$52.04B$52.22B$52.17B$51.98B$53.59B
total Debt$4.63B$4.66B$4.75B$4.55B$6.85B
total Liabilities$47.07B$47.26B$47.17B$4.55B$6.80B

Cash Flow (COLB)

itemJun 2024Mar 2024Dec 2023Sep 2023Jun 2023
financing Cash Flow-$274.43M-$69.25M-$133.51M-$1.58B-$502.79M
free Cash Flow$143.82M$194.52M-$23.01M$353.62M$266.30M
investing Cash Flow----$8.50M
operating Cash Flow$150.29M$200.42M$62.53M$350.11M$266.32M

Columbia Banking System (COLB) Financials

Columbia Banking System Inc, a financial services company headquartered in Tacoma, Washington, operates as the holding company for Columbia State Bank, which provides a range of banking services to businesses, professionals, and individuals throughout the Pacific Northwest region of the United States. The company offers various deposit products, including demand, checking, savings, and money market accounts, as well as certificates of deposit. It also provides commercial and consumer loans, such as commercial real estate, multifamily, construction, commercial and industrial, residential mortgage, home equity, and consumer loans, as well as lines of credit. In addition, the company offers cash management services, merchant card services, remote deposit capture, trust services, and act as a fiduciary and trustee for its customers. Further, it provides personal and business checking and savings accounts, and certificates of deposit, as well as safe deposit services. As of December 31, 2019, it operated 150 branches throughout Washington, Oregon, and Idaho. The company was founded in 1988 and is headquartered in Tacoma, Washington.
In the fiscal year ended December 31, 2019, Columbia Banking System Inc reported total revenue of $665.7 million, an increase of 8.1% compared to the previous year. Its gross profit for the year was $546.8 million, representing a gross profit margin of 82.1%. The company reported operating income of $256.2 million, with an operating margin of 38.5%. Net income from stockholders was $204.2 million, reflecting a net profit margin of 30.7%. Earnings before interest and taxes (EBIT) were $252.4 million, while earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at $296.3 million. The company's total assets as of December 31, 2019, amounted to $14.2 billion, with total liabilities of $12.3 billion. Stockholders' equity stood at $1.9 billion. The company's cash equivalents were $307.8 million, with net debt of $88.4 million.
Columbia Banking System Inc generated a total of $81.3 million in cash flow from its operating activities in the fiscal year ended December 31, 2019. Its financing cash flow was $161.9 million, while the investing cash flow was -$229.2 million, primarily due to net purchases of investment securities. The company reported free cash flow of $61.9 million. As of December 31, 2019, Columbia Banking System Inc had a total debt of $645.2 million. The company follows a conservative and prudent approach to managing its balance sheet, with a focus on maintaining a strong capital position and high-quality assets. It has consistently delivered solid financial performance and has a track record of creating long-term shareholder value.
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