Columbia Banking Q2 net income rises

Columbia Banking System

23/07/2026 21:18

    

    Overview
  
US regional bank's Q2 net income rose 37% yr/yr to $208 mln, EPS unchanged at $0.73
Net interest income fell $5 mln from Q1 due to income reversals and balance sheet deleveraging
Company repurchased $199 mln of common stock during the quarter

    

    Outlook
  
Company did not provide specific financial guidance for the current or future periods

    

    Result Drivers
  
INTEREST INCOME REVERSALS - Net interest income fell due in part to $4 mln of interest income reversals and modest balance sheet deleveraging
NON-INTEREST INCOME - Non-interest income rose, driven by higher treasury management and card-based fees, and $3 mln in death benefit proceeds
EXPENSE REDUCTIONS - Non-interest expense decreased, reflecting lower merger expense and acquisition-related cost savings

    
Company press release: ID:nPn1BdNmma

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$0.73
 
Q2 Net Interest Income
 
$589 mln
 
Q2 Net Interest Margin
 
3.93%
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 $34.00, about 4.2% above its July 22 closing price of $32.63
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

    

    Reuters Recommended Reads
  
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July 20 - Zions Bancorp Q2 adjusted EPS misses estimates as one-time gains lift net profit
July 23 - Dime Community Bancshares Q2 revenue hits record on loan growth

    
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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.)