Columbia Bank Stock Price, News & Analysis

Umpqua Bank's 2025 Business Barometer reveals a resilient business outlook despite economic uncertainties. Nearly 50% of surveyed businesses expect economic improvement, with middle market companies (60%) and small businesses (44%) showing four-year high confidence levels. The study, polling 1,300 businesses, highlights key trends: 60% cite inflation as a top concern, while 51% anticipate negative tariff impacts. Notable findings include: 69% of middle market firms prioritize growth over cost-cutting, 85% plan to invest in generative AI, and 50% intend to stockpile inventory due to tariff concerns. Small businesses show increased growth focus, with a 14-point jump in 12-month outlook. Cybersecurity remains crucial, though only 30% feel very well prepared against attacks. AI adoption is driving increased staffing levels for 57% of middle market and 22% of small businesses, contrary to concerns about job displacement.

Columbia Banking System (NASDAQ: COLB), the parent company of Umpqua Bank, has declared a quarterly cash dividend of $0.36 per common share. The dividend will be paid on June 16, 2025, to shareholders who are recorded as owners of the stock by May 30, 2025. This dividend announcement demonstrates Columbia's commitment to providing regular returns to its shareholders.

Umpqua Bank, a subsidiary of Columbia Banking System (Nasdaq: COLB), has appointed Judi Giem as Executive Vice President and Chief Human Resource Officer, effective June 2, 2025. Giem brings over 20 years of HR leadership experience in publicly traded companies, specializing in workforce and cultural integration during mergers. Following the proposed acquisition of Pacific Premier Bank, an $18B institution, Umpqua Bank will expand to approximately 6,500 employees across eight western states with $70B in assets.

In her new role, Giem will oversee talent recruitment, retention, professional development, compensation, benefits, and succession planning. She previously served as CHRO at Tri-Counties Bank and managed talent at Banner Bank, with experience in cultural assimilation during acquisitive growth. Giem holds degrees from Whitworth University and Gonzaga University.

Columbia Banking System (COLB) reported Q1 2025 financial results with net income of $87 million and operating net income of $140 million. Earnings per diluted share were $0.41, while operating earnings per share reached $0.67.

Key highlights include: net interest margin at 3.60% (down 4 basis points from Q4), total assets of $51.5B, and deposits increasing to $42.2B. The company announced a significant merger with Pacific Premier Bancorp, creating a combined entity with approximately $70B in assets.

Notable Q1 developments include: successful small business campaign bringing $425M in new deposits, opening of first Colorado branch, and maintaining quarterly dividend at $0.36 per share. Credit quality metrics showed net charge-offs at 0.32% of average loans, with non-performing assets at 0.35% of total assets.

Columbia Banking System (COLB) has announced a definitive merger agreement to acquire Pacific Premier Bancorp in an all-stock transaction valued at approximately $2.0 billion. Under the agreement, Pacific Premier stockholders will receive 0.9150 shares of Columbia common stock for each Pacific Premier share, valued at $20.83 per share based on Columbia's closing price of $22.77 on April 22, 2025.

The combined entity will have approximately $70 billion in assets and over $57 billion in deposits across the Western U.S. Pacific Premier stockholders will own approximately 30% of Columbia's outstanding shares post-merger. The transaction is expected to close in the second half of 2025, subject to regulatory and stockholder approvals.

The merger is projected to deliver mid-teens EPS accretion to Columbia with tangible book value dilution earned back in three years. The combined company anticipates achieving a 20% ROATCE and 1.4% ROAA in 2026, with expected cost savings of $88 million after-tax.

Columbia Banking System (Nasdaq: COLB) has scheduled its first quarter 2025 earnings release for Thursday, April 24, 2025, after market close. The parent company of Umpqua Bank will host a conference call for investors and analysts at 2:00 p.m. PT (5:00 p.m. ET) on the same day.

The earnings call will feature management's discussion of Q1 2025 financial results and recent company activities, followed by a live Q&A session. Participants can register for either the full call with Q&A access or a listen-only audiocast, with recommended joining time 10 minutes before the start.

Umpqua Bank, a subsidiary of Columbia Banking System (Nasdaq: COLB), has expanded its presence in Colorado with the opening of its first retail branch and commercial office in Denver. The new location includes a 7,500 square foot commercial space opened in January 2025 and a 2,600 square foot retail branch.

The expansion builds on Umpqua's initial 2022 market entry in Colorado providing commercial real estate services. The Denver Tech Center location will offer full-service consumer, commercial, private banking, and wealth management services. The branch, led by Daniel Maganda, will operate Monday through Friday from 9 a.m. to 5 p.m.

The bank plans to further expand with another commercial and retail location in Colorado Springs later this year. As part of its community engagement, the Umpqua Bank Charitable Foundation has contributed $60,000 to various local organizations and an additional $25,000 to the Denver Indian Family Resource Center.

Columbia Banking System (Nasdaq: COLB) has announced two upcoming investor conference presentations. President and CEO Clint Stein will present at two major financial events:

1. The Raymond James & Associates 46th Annual Institutional Investors Conference on March 3, 2025, at 4:00 p.m. ET

2. The 2025 RBC Capital Markets Global Financial Institutions Conference on March 5, 2025, at 2:40 p.m. ET

Both presentations will be available via live audiocast and replay through Columbia's investor relations website at www.columbiabankingsystem.com under the 'News & Market Data – Event Calendar' section. The presentations may include forward-looking statements.

Columbia Banking System (Nasdaq: COLB), the parent company of Umpqua Bank, has announced that its Board of Directors has approved a quarterly cash dividend of $0.36 per common share. The dividend will be payable on March 17, 2025, to shareholders of record as of February 28, 2025.