Columbia Banking System Announces Increase to Common Share Dividend

Rhea-AI Summary

Columbia Banking System (Nasdaq: COLB) approved a quarterly cash dividend of $0.38 per common share, increasing its payout. The dividend is 3% above the most recent declaration and is payable December 14, 2026, to shareholders of record November 27, 2026. The board also recently authorized a $1.2 billion share repurchase program.

3 points · 1 major

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Positive

• Major point. Forward-looking: it has not happened yet and may not happen.Recently authorized $1.2 billion share repurchase program provides for additional capital returns. 14% of market cap
• Minor pointQuarterly cash dividend increased 3% to $0.38 per common share, payable December 14, 2026.
• Minor point. Forward-looking: it has not happened yet and may not happen.Columbia expects balance sheet optimization and other priorities to drive capital generation in coming quarters.

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• None.

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TACOMA, Wash., Nov. 13, 2026 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia" Nasdaq: COLB), parent company of Columbia Bank, today announced its Board of Directors has approved a quarterly cash dividend in the amount of $0.38 per common share, representing a 3% increase to the most recent Columbia dividend declaration. The dividend is payable December 14, 2026 to shareholders of record as of November 27, 2026.

"Increasing our dividend to $0.38 reflects our confidence in our financial performance and the benefit of significant share repurchases over the past year," commented Clint Stein, Chairman & CEO of Columbia. "We expect continued execution of our strategic priorities, including our balance sheet optimization objectives, to drive meaningful capital generation in the quarters to come. Combined with our Board's recently authorized $1.2 billion share repurchase program, today's announcement supports our commitment to long-term shareholder value through a disciplined and robust capital return platform."

About Columbia
Columbia Banking System, Inc. (Nasdaq: COLB) is headquartered in Tacoma, Washington and is the parent company of Columbia Bank, an award-winning preeminent regional bank with offices in Arizona, California, Colorado, Idaho, Nevada, Oregon, Texas, Utah, and Washington. Columbia Bank combines the resources, sophistication, and expertise of a national bank with a commitment to deliver superior, personalized service. The bank supports consumers and businesses through a full suite of services, including retail and commercial banking, Small Business Administration lending, institutional and corporate banking, and equipment leasing. Columbia Bank customers also have access to comprehensive investment and wealth management expertise as well as healthcare and private banking through Columbia Wealth Management.  Learn more at www.columbiabankingsystem.com.

Note Regarding Forward Looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as "may," "expected," "anticipate," "continue," or other comparable words.  In addition, all statements other than statements of historical facts that address activities that Columbia expects or anticipates will or may occur in the future are forward-looking statements.  Readers are encouraged to read the SEC reports of Columbia, particularly its Annual Report on Form 10-K for the Fiscal Year ended December 31, 2025 and its Quarterly Reports on Form 10-Q for the three months ended March 31, 2026, June 30, 2026, and September 30, 2026, for meaningful cautionary language discussing why actual results may vary materially from those anticipated by management.

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SOURCE Columbia Banking System, Inc.

FAQ

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How much is Columbia Banking System's increased quarterly dividend?

Columbia Banking System approved a quarterly cash dividend of $0.38 per common share, a 3% increase over its most recent dividend declaration.

When is COLB's increased dividend payable, and what is the record date?

The dividend is payable December 14, 2026, to shareholders of record as of November 27, 2026.