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Columbia Banking System, Inc. - COLB STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Columbia Banking System's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Columbia Banking System's position in the market.

News
Newsweek Names Umpqua Bank One of America's Most Trustworthy Companies for Second Year in a Row
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.67%
Tags
none
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News
Columbia Banking System Announces Date of First Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.48%
Tags
earnings
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News
Columbia Banking System to Present at Upcoming Institutional Investor Conferences on March 5-6, 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
conferences
News
Umpqua Bank Announces Retirement of Chief Integration Officer Eric Eid
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
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News
Columbia Banking System Announces $0.36 Per Common Share Dividend
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
Tags
dividends
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News
COLUMBIA BANKING SYSTEM, INC. REPORTS FOURTH QUARTER 2023 RESULTS
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.14%
Tags
earnings
News
Columbia Banking System Announces Date of Fourth Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags
earnings
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News
Umpqua Bank and Parent Company Columbia Banking System Celebrate Anniversaries with $1M in Grants for Local Nonprofits
Rhea-AI Summary
Umpqua Bank and Columbia Banking System (Nasdaq: COLB) announced $1 million in local grants to nonprofit recipients in honor of their 70th and 30th anniversaries, supporting communities in South Puget Sound, Portland Metro, and Douglas County Oregon. The merger of Umpqua Bank and Columbia Bank earlier this year formed a leading western bank and a top 30 bank in the U.S.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.37%
Tags
none
-
News
Umpqua Bank Launches Warm Hearts Winter Drive, Mobilizes Thousands of Associates across the West to Support Neighbors in Need
Rhea-AI Summary
Umpqua Bank (UMPQ) launches Warm Hearts Winter Drive to support individuals and families struggling with access to housing and basic resources. The campaign involves 5,000 associates and 300 branches to raise funds and collect winter clothing for shelters and aid organizations. The initiative expands to support over 100 organizations in Oregon, Washington, California, Idaho, Nevada, and Utah. Since its inception in 2015, the campaign has raised over $2 million in contributions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.23%
Tags
none
News
Columbia Banking System Announces $0.36 Per Common Share Dividend
Rhea-AI Summary
Columbia Banking System, Inc. (COLB) Announces $0.36 Quarterly Cash Dividend
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
dividends
Stock COLB logo
Columbia Banking System, Inc.

Nasdaq:COLB

COLB Rankings

#1342 Ranked by Market Cap
#4435 Ranked by Stock Gains
#360 Ranked by Dividends

COLB Stock Data

3.69B
207.19M
0.65%
90.49%
3.83%
Commercial Banking
Finance and Insurance
Link
United States
Tacoma

About COLB

columbia bank is a full-service northwest community bank headquartered in tacoma, washington, serving businesses, professionals, and individuals through more than 150 branches in washington, oregon, and idaho. we offer the sophisticated solutions and lending capacity of a regional bank, while retaining the commitment to customer satisfaction and community you expect when doing business with a local bank. for the ninth consecutive year, the bank was named one of puget sound business journal’s “washington’s best workplaces.” columbia ranked in the top 20 on the 2015 forbes list of best banks in the country, as well as ranking the best in washington and second in the pacific northwest for the fourth year in a row. at columbia bank, we truly believe that our people make the difference. our strong bank and thriving culture are built upon our ability to attract and retain talented bankers who posses industry expertise, deep knowledge of and affinity for their local community and a commit