Stocklytics Platform
Asset logo for symbol COLB
Columbia Banking System
COLB65
$27.19arrow_drop_up3.04%$0.80
Asset logo for symbol COLB
COLB65

$27.19

arrow_drop_up3.04%

Income Statement (COLB)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
EBIT$196.25M$161.08M$113.36M$93.86M$144.67M
EBITDA$232.77M$198.24M$153.32M$135.71M$183.97M
gross Profit$765.05M$695.53M$682.98M$691.63M$524.85M
NET Income$146.18M$120.14M$124.08M$93.53M$135.84M
total Revenue$698.89M$743.47M$733.34M$757.16M$524.85M

Balance Sheet (COLB)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
cash Equivalents-----
net Debt$2.09B$2.57B$2.46B$2.59B$2.15B
stockholders Equity$5.27B$4.97B$4.95B$4.99B$4.63B
total Assets$51.90B$52.04B$52.22B$52.17B$51.98B
total Debt$4.19B$4.63B$4.66B$4.75B$4.55B
total Liabilities$46.63B$47.07B$47.26B$47.17B$4.55B

Cash Flow (COLB)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
financing Cash Flow-$347.70M-$274.43M-$69.25M-$133.51M-$1.58B
free Cash Flow$59.56M$143.82M$194.52M-$23.01M$353.62M
investing Cash Flow-----
operating Cash Flow$67.22M$150.29M$200.42M$62.53M$350.11M

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.
add Columbia Banking System  to watchlist

Keep an eye on Columbia Banking System

Adding the right stocks to your watchlist can provide valuable insights and opportunities for strategic decision-making.

Take Your Investments to a Whole New Level