Welcome to our dedicated page for Columbia Bank news (Ticker: COLB), a resource for investors and traders seeking the latest updates and insights on Columbia Bank stock.
Columbia Banking System, Inc. (NASDAQ: COLB) news covers developments at a western U.S. regional bank holding company headquartered in Tacoma, Washington. As the parent of Columbia Bank, the largest bank headquartered in the Northwest with locations across Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah and Washington, Columbia generates frequent updates of interest to investors, customers and analysts following the commercial banking sector.
News about COLB often includes announcements of quarterly and annual financial results, where Columbia discusses net interest income, net interest margin, non‑interest income and expenses, credit quality, capital ratios and balance sheet trends. These earnings releases are typically accompanied by conference call details and investor presentations that provide additional context on performance and strategy.
Columbia’s news flow also features corporate actions and strategic milestones. Recent examples include the completion of its all‑stock acquisition of Pacific Premier Bancorp, Inc., which expanded its western footprint and increased its presence in Southern California, and communications about the unification of its Columbia Bank brand following the renaming of Umpqua Bank. Updates on capital management, such as quarterly cash dividend declarations and authorization of a common stock repurchase program, are disclosed through press releases and related SEC filings.
Governance and leadership changes are another important news category, including announcements of executive appointments, such as the Deputy Chief Financial Officer and Chief Financial Officer roles, and board‑level developments tied to the Pacific Premier transaction. In addition, third‑party communications, such as presentations released by institutional shareholders, can appear in the news stream when they reference Columbia Banking System.
By following the COLB news page, readers can review a chronological record of these items, from earnings dates and conference appearances to merger integration updates and capital actions, all drawn from company press releases and related public disclosures.
Columbia Bank has launched its innovative NeighborHub branch in Boise, Idaho, emphasizing community engagement and modern banking solutions. Opened on September 28, 2020, this facility aims to enhance customer experience with mobile technology and interactive kiosks, fostering a welcoming environment. Columbia Bank has also pledged $100,000 to support local businesses impacted by the COVID-19 pandemic through its Pass It On Project. The NeighborHub blends banking with community activities, showcasing Columbia's commitment to Boise's economic growth and quality of life.
Columbia Bank, based in Tacoma, Washington, launched its sixth annual Warm Hearts Winter Drive on November 16, 2020, aimed at supporting homeless individuals and families in the Northwest. The bank plans to raise $250,000 and collect warm winter clothing for over 65 local shelters in Washington, Oregon, and Idaho. Since its inception in 2015, the drive has raised over $1 million. Columbia's CEO, Clint Stein, emphasized the importance of this initiative amid pandemic-related economic stresses. Donations can be made at Columbia Bank branches or online.
Columbia Banking System reported a net income of $44.7 million for Q3 2020, with diluted earnings per share at $0.63. Deposits rose by $468.8 million (4%), while net loans decreased by $83 million. The bank declared a cash dividend of $0.28 per share, to be paid on November 25, 2020. The net interest margin declined to 3.47%, down 17 basis points from the previous quarter. Nonperforming assets decreased to 0.29% of total assets. A share repurchase program for up to 3.5 million shares was also announced.
Columbia Banking System (NASDAQ: COLB) will release its third quarter 2020 financial results before the market opens on October 29, 2020. A conference call to discuss these results is scheduled for 10:00 a.m. PT the same day. Interested parties can join via a live-streamed web event or by dialing in at 888-286-8956 (Conference ID: 2282428). A replay will be available starting October 30, 2020. Columbia, headquartered in Tacoma, Washington, operates as a full-service commercial bank with locations across Washington, Oregon, and Idaho.
Columbia Banking System (NASDAQ: COLB) reported a net interest income of $121.9 million for Q2 2020, reflecting a decline from the previous quarter. Total assets rose to $15.92 billion, with loans increasing to $9.77 billion, largely due to $962 million in Paycheck Protection Program (PPP) loans. The bank announced a cash dividend of $0.28 per share, payable August 19, 2020. Noninterest income increased to $37.3 million, driven by gains from the sale of Visa Class B shares. However, the provision for credit losses remained high at $33.5 million, primarily due to the ongoing economic impact of COVID-19.
Columbia Banking System, Inc. (NASDAQ: COLB) will release its second quarter 2020 financial results before the market opens on Thursday, July 23, 2020. A conference call to discuss these results is scheduled for 10:00 a.m. Pacific Time (1:00 p.m. ET). Interested parties can join via a live-streamed web event or dial-in at 888-286-8956 with Conference ID 3787244. A replay will be available starting July 24, 2020. Columbia Banking is noted for its strong workplace culture and esteemed rankings in the banking sector.