Columbia Banking System (COLB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Columbia Banking System

NasdaqGS•Financial Services•Banks - Regional

$30.80+0.35(0.01%)Pre-market

Market Cap

$8.55B

P/E

12.0x

P/S

2.4x

P/B

1.1x

Columbia Banking System, Inc. operates as the bank holding company for Columbia Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest-bearing checking, interest-bearing checking and savings, money market, insured cash sweep and other investment sweep solutions, and certificates of deposit. It also provides commercial lending products, such as commercial lines of credit and term loans, accounts receivable and inventory financing, international trade finance, commercial property loans, multifamily loans, equipment loans, commercial equipment leases, real estate construction loans, permanent financing, small business administration program financing, and capital markets services. In addition, the company offers wealth management, comprising financial planning, investment, trust, insurance, and private banking solutions, as well as treasury management, which includes digital and mobile banking solutions, ACH, wires, positive pay, remote deposit capture, integrated payments, integrated receivables, lockbox, cash vault, real-time payments, commercial card, foreign exchange, trade and supply chain finance, international banking related products, and merchant services. Further, it provides residential real estate loans and consumer loans. The company serves corporate, institutional, small business, and individual customers in the United States. Columbia Banking System, Inc. was founded in 1953 and is based in Tacoma, Washington.

How this company scores

ExcellentMetricSide Score: 80/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (13/25).

Profitability21/25

Growth21/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality25/25

Strengths

Growing revenueRising free cash flowStrong marginsRising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 12.0x5y range 8.1x – 25.3x

Currently near its 20-quarter median.

P/S · 2.4x5y range 1.3x – 8.9x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.7x – 2.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Share Dilution

Red Flag

Shares outstanding increased 36.9% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $8.55B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.56B
Q. Revenue: $898.00M
TTM EBITDA: $1.08B
TTM Op. Income: $930.69M
Q. Op. Income: $275.00M
TTM Net Income: $710.97M
Q. Net Income: $208.00M
EPS: $0.73
Shares Out.: $285.56M

$3.56B in TTM revenue grew 21.2% YoY, reaching $898.00M last quarter. TTM EBITDA of $1.08B and TTM operating income of $930.69M show growth is flowing through to the bottom line. TTM net income of $710.97M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 75.4%
EBITDA Margin: 34.9%
Op. Margin: 30.6%
Net Margin: 23.2%

Op. margin of 30.6% is up 2.9% YoY — cost efficiency is improving. Net margin at 23.2% and gross margin of 75.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 11% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 12.0x
P/S Ratio: 2.4x
P/B Ratio: 1.1x

At 12.0x P/E, the stock trades below typical market levels. P/S of 2.4x and P/B of 1.1x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is up 30% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $65.38B
Cash: $1.77B
Long-Term Debt: $4.25B
Book Value: $7.55B
D/E Ratio: 0.6
Debt/EBITDA: 13.6

With $65.38B in assets and $4.25B in long-term debt, D/E is 0.6and book value is $7.55B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $295.00M
TTM Free Cash Flow: $1.35B
FCF Margin: 37.8%
FCF / Net Income: 1.9

TTM FCF of $1.35B on $295.00M in operating cash flow. The FCF / Net Income ratio of 1.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.