COLB
Columbia Banking System, Inc.
COLB's fundamentals are strong: revenue grew 34% and earnings per share grew 31%. At 10x earnings, it's trading in line with its usual 11x. Analysts expect earnings growth.
COLB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
COLB's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like COLB.
COLB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.4x | $30.59 | — |
| Cheap | 9.5x | $27.84 | -9% |
| Current | 10x | $30.59 | — |
| Fair | 11x | $32.87 | +7.5% |
| Expensive | 13x | $39.02 | +28% |
Historical ranges are pointers, not guarantees.
COLB's PE is in its cheap range at 10x. If earnings grow as analysts expect, today's price would be 9.4x next year's earnings.
COLB Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect COLB's earnings to grow and its profitability to improve, with its revenue holding steady.
COLB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.26 | +11% |
| Q3 2026 | $2.93 | +31% |
| Q2 2026 | $2.55 | +0.8% |
| Q1 2026 | $2.55 | +7.6% |
| Q4 2025 | $2.30 | -9.8% |
| Q3 2025 | $2.23 | -8.6% |
| Q2 2025 | $2.53 | +5.9% |
| Q1 2025 | $2.37 | -3.7% |
| Q4 2024 | $2.55 | +43% |
COLB earned $2.93 per share over the past year, up 31% from the year before.
COLB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $695M | +19% |
| Q2 2026 | $677M | +33% |
| Q1 2026 | $677M | +38% |
| Q4 2025 | $717M | +47% |
| Q3 2025 | $582M | +17% |
| Q2 2025 | $510.9M | +8.2% |
| Q1 2025 | $491.4M | +3.7% |
| Q4 2024 | $487.1M | -6.2% |
COLB's revenue has grown year over year for seven quarters in a row: $695M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2022 | 46% | +13 points |
| Q3 2022 | 44% | +1.1 points |
| Q2 2022 | 43% | -3.5 points |
| Q1 2022 | 43% | -0.8 points |
| Q4 2021 | 33% | -16 points |
| Q3 2021 | 42% | +5.3 points |
| Q2 2021 | 47% | +19 points |
| Q1 2021 | 44% | +31 points |
COLB's operating margin was 46% last quarter, up 13 points from the same quarter a year ago.
COLB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $365M | +55% |
| Q2 2026 | $295M | +176% |
| Q1 2026 | $494M | +305% |
| Q4 2025 | $281M | +9.8% |
| Q3 2025 | $236.2M | +251% |
| Q2 2025 | $106.8M | -29% |
| Q1 2025 | $122M | -34% |
| Q3 2024 | $67.2M | -81% |
COLB's free cash flow was $1.4B over the past year, up 99% from the year before. Free cash flow isn't a meaningful measure for financial services companies like COLB.
COLB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.1% | -6.1M shares |
| 1 year | +17% | +41.4M shares |
| 3 years | +34% | +71.7M shares |
| 5 years | +294% | +209M shares |
| Available history | +289% | +208M shares |
COLB has 280M diluted shares, up 17% from a year ago, despite $721M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $203M |
| Q2 2026 | $203M |
| Q1 2026 | $215M |
| Q4 2025 | $100M |
| Q3 2025 | $399,000 |
| Q2 2025 | $1.9M |
| Q1 2025 | $6.7M |
| Q4 2024 | $81,000 |
COLB spent $721M buying back its own shares over the past year, more than ten times what it spent the year before.
COLB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | -0.8x | Net Cash |
| Q3 2022 | -0.9x | Net Cash |
| Q2 2022 | -1.3x | Net Cash |
| Q1 2022 | -3.3x | Net Cash |
| Q4 2021 | -2.9x | Net Cash |
| Q3 2021 | -3.0x | Net Cash |
| Q2 2021 | -2.9x | Net Cash |
| Q1 2021 | -3.5x | Net Cash |
COLB has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like COLB.
COLB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.7 | Neutral |
| Stochastic | 56.8 | Neutral |
COLB's weekly RSI is 53 (neutral) and its Stochastic is 57 (neutral).
COLB PE vs Financial Services Sector
| Metric | COLB | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 13x | 20% below |
| PE % | 31 | 63 | 32 pts below |
COLB is trading at 10x earnings, a 20% discount to the Financial Services sector's median of 13x.
COLB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.8 | 2.8% above |
| 20 week MA | $30.7 | 0.2% below |
| 50 week MA | $29.8 | 2.7% above |
| 100 week MA | $27.6 | 11% above |
| 200 week MA | $25.2 | 21% above |
COLB's trend is mixed: it's above four of its five weekly moving averages, and 21% above its 200-week average.
COLB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.8 | $34.7 | -15% |
| 2021 | $34.7 | $32.3 | -6.8% |
| 2022 | $32.3 | $29.5 | -8.8% |
| 2023 | $29.5 | $26.7 | -9.6% |
| 2024 | $26.7 | $27.1 | +1.7% |
| 2025 | $27.1 | $28.6 | +5.3% |
| 2026 YTD | $28.6 | $30.6 | +7% |
COLB has finished lower in four of the last six years. It's up 7% so far in 2026.