COLUMBIA BANKING SYSTEM, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data COLUMBIA BANKING SYSTEM, INC. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue						83.3	85.8	134	149	177
Interest expense	4.35	6.76	18.2	36.5	17.7	42.4	78	746
Pre-tax income	150	178	212	242	192	257	318
Income tax	44.9	65.2	39	47.2	38.1	138	114	122	185	178
Net income	105	113	173	194	154	420	337	349	534	550
EPS, basic	2.09	2.15	2.73	3.09	2.51	3.22	2.60	1.79	2.56	2.31
EPS, diluted	2.09	2.15	2.73	3.09	2.51	3.21	2.60	1.78	2.55	2.30
Shares, basic (weighted)	49.5	51.9	62.7	62.4	61.3	130	129	195	208	238
Shares, diluted (weighted)	49.5	51.9	62.7	62.4	61.4	131	130	196	209	239
Dividend per share	1.77	1.02	1.32	1.62	1.55	1.40	1.40	1.43	1.44	1.45

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	224	343	278	248	654	825	1,295	2,163	1,878	2,380
Property, plant and equipment	150	169	169	165	162	172	176	339	349	422
Lease right-of-use assets				57.2		60.3	78.6	116	111	154
Goodwill	383	766	766	766	766	823	0	1,029	1,029	1,482
Intangible assets	17.6	58.2	45.9	35.5	26.7	34.6	4.75	604	484	712
Total assets	9,510	12,717	13,095	14,080	16,585	20,945	31,849	52,174	51,576	66,832
Total liabilities	8,259	10,767	11,061	11,920	14,237	18,357	29,369	47,179	46,458	58,992
Retained earnings	272	337	427	520	575	694	-544	-468	-237	-26
Treasury stock			0	-50.8	-70.8	-70.8	-70.8
Other comprehensive income	-19	-22.2	-35.3	40.4	182	35.2	-427	-340	-462	-233
Shareholders' equity	1,251	1,950	2,034	2,160	2,348	2,589	2,480	4,995	5,118	7,840
Total equity	1,251	1,950	2,034	2,160	2,705	2,749	2,480	4,995	5,118	7,840
Total liabilities and equity	9,510	12,717	13,095	14,080	16,585	20,945	31,849	52,174	51,576	66,832
Shares outstanding	50.3	63.2	63.4	62.5	62	78.5	129	209	210	295

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	105	113	173	194	154	420	337	349	534	550
Depreciation and amortization	34.5	31.1	33	34.2	14.9	31.5	28.3	144	150	141
Stock-based compensation	5.01	7.75	8.35	9.27	10.7	10.9	9.75	18	20	33
Deferred income tax	1.85	22.4	0.11	0.33	-13.8	40.8	14.4	13	31	54
Cash from operations	146	129	237	205	192	663	1,065	670	659	746
Capital expenditures	-4.52	-6.5	-11.3	-8.45	-8.72	-15.5	-27.1
Purchases of investments				-1,197	-2,119	-1,839	-277	-926	-70	-2,402
Sales and maturities of investments	284	284	466	428	603	764	770	1,695	552	2,771
Cash from investing	-549	-199	-506	-865	-1,919	-1,534	-3,533	502	114	2,172
Debt issued						0	1,650	17,350	4,900	11,675
Stock issued	1.35	1.98	1.86	2.03	2.03	0.03	0.05	1	0	3
Share buybacks	-1.13	0	0	-50.8	-20	-80.7	-4.16	-6	-6	-109
Dividends paid	-88.7	-51.3	-83.4	-102	-95.5	-184	-182	-270	-300	-335
Cash from financing	452	189	204	631	2,133	1,060	1,001	-304	-1,058	-2,416
Net change in cash	48.9	118	-64.9	-29.9	406	188	-1,467	868	-285	502
Free cash flow	141	122	226	196	184	647	1,038
Interest paid	4.44	6.63	18.1	35.9	18.6	42.8	71.2	693	1,078	930
Income taxes paid	32.7	59.1	24.1	47.4	43.3	105	71.8	139	101	123

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $29.64 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	9.4%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.1%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	18.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	27.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	3.0%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	17.8%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	29.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-9.8%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-4.0%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-1.7%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	13.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-11.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	31.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	0.7%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	1.2%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	-1.3%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	53.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	46.8%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	27.3%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	29.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	28.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	32.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	14.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	22.6%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	31.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	88.4%	Total liabilities / total assets.
Goodwill and intangibles / assets	3.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$5.44B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$2.48	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	$4.56	Cash from operations / diluted weighted shares.
Book value per share	$26.70	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$19.22	Tangible book value / shares outstanding.
Cash per share	$6.25	(Cash + short-term investments) / shares outstanding.
Payout ratio	55.8%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$8.39B	Share price x shares outstanding.
Enterprise value	$6.62B	Market cap + total debt - cash - short-term investments.
P/E	11.8x	Market cap / net income. Only when net income is positive.
P/B	1.11x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.54x	Market cap / tangible book value, when positive.
P/OCF	6.42x	Market cap / cash from operations, when positive.
Earnings yield	8.5%	Net income / market cap (the inverse of P/E).
Dividend yield	4.7%	Dividends paid over the period / market cap.
Shareholder yield	10.9%	(Dividends paid + share buybacks) / market cap.

What was COLUMBIA BANKING SYSTEM, INC.'s revenue in fiscal 2025?

COLUMBIA BANKING SYSTEM, INC. reported revenue of $177.0M for fiscal 2025, 18.8% higher than the year before.

Was COLUMBIA BANKING SYSTEM, INC. profitable in fiscal 2025?

Yes. Net income was $550.0M, a net margin of 310.7%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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