Columbia Banking Q1 net income jumps 121%

Columbia Banking System

23/04/2026 21:12

Overview

US regional bank's Q1 net income rose 121% yr/yr, EPS up 61%

Net interest income and margin declined from prior quarter due to lower average earning assets

Company repurchased $200 mln of common stock in Q1

Outlook

Columbia expects to realize all previously disclosed Pacific Premier cost savings by June 30, 2026

Company says balance sheet optimization and commercial loan growth position it for attractive returns

Columbia remains focused on reducing brokered deposits and deepening customer relationships

Result Drivers

NET INTEREST INCOME DECLINE - Lower net interest income driven by absence of prior quarter's one-off benefits and reduced average interest-earning assets

NON-INTEREST INCOME DROP - Decrease in non-interest income due to lower swap, syndication, and international banking revenue and seasonal slowdown in customer activity

EXPENSE REDUCTION - Lower non-interest expense from reduced merger costs and acquisition-related cost savings

Company press release: ID:nPn7r0nLJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.66
Q1 Net Interest Income
$594 mln
Q1 Net Interest Margin
3.96%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Columbia Banking System Inc is $32.00, about 10.3% above its April 22 closing price of $29.00

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)