Core Viewpoint - Columbia Banking System, Inc. will participate in the 2026 RBC Capital Markets Global Financial Institutions Conference, scheduled for March 11, 2026, at 4:00 p.m. ET, where they will present forward-looking statements [1]. Company Overview - Columbia Banking System, Inc. is headquartered in Tacoma, Washington, and is the parent company of Columbia Bank, which is recognized as the largest bank headquartered in the Northwest and one of the largest in the West, with a presence in multiple states including Arizona, California, Colorado, Idaho, Nevada, Oregon, Texas, Utah, and Washington [1]. - Columbia Bank offers a comprehensive range of services, including retail and commercial banking, Small Business Administration lending, institutional and corporate banking, and equipment leasing, along with investment and wealth management services through Columbia Wealth Management [1].

Core Insights - First BanCorp reported strong financial performance in Q4 2025, with record revenues and a net income of $87 million, translating to earnings per share of $0.85 and a return on assets of 1.8% [3][4] - The company maintained a stable efficiency ratio of 49% for the quarter and reiterated its guidance for 2026, including organic loan growth of 3-5% and an efficiency ratio of 52% or better [4][22] Financial Performance - Net interest income increased by $4.9 million quarter over quarter to $222.8 million, with a net interest margin of 4.68%, which is 8 basis points higher than the previous quarter [1][6] - GAAP quarterly results showed a net income of $87.1 million, or $0.55 per share, down from $100.5 million, or $0.63 per share in the prior quarter, primarily due to prior-quarter items [2] - Adjusted pre-tax, pre-provision income rose to $129.2 million from $121.5 million, indicating an 8% increase in earnings per share when excluding certain items [2] Capital Returns - The company continued its capital return strategy, repurchasing $150 million of shares and paying $150 million in dividends in 2025, with an 11% increase in the quarterly dividend to $0.20 per share [5][17][18] - Since the buyback program began in 2021, First BanCorp has repurchased over 28% of shares outstanding [17] Loan and Deposit Trends - First BanCorp originated $1.4 billion in loans during the quarter, with total loans growing by $80 million, mainly from commercial segments [13] - Core customer deposits increased by $267 million, while the bank reduced total deposit costs, contributing to a 5-basis-point decline in overall funding costs [13][7] Credit Quality - The ratio of non-performing assets to total assets fell to an all-time low of 60 basis points, with non-performing assets declining by $5.3 million during the quarter [15] - Net charge-offs were $20.4 million, or 63 basis points of average loans, consistent with the prior quarter [16] Expense Management - Operating expenses were $126.9 million in Q4, up $2 million sequentially, with employee compensation rising due to merit increases [10][12] - For 2026, the company guided to quarterly expenses of $128 million to $130 million, while aiming to maintain an efficiency ratio in the 50% to 52% range [12]

Group 1 - Columbia Banking System, Inc. has elected Clint Stein as Chair of the Board of Directors, effective January 22, 2026, while Maria Pope transitions to Lead Independent Director [1][2] - The Board's decision reflects confidence in Mr. Stein's leadership and aims to ensure continuity and strong governance as the company pursues its long-term strategic priorities [2][3] - Maria Pope's role as Lead Independent Director emphasizes the Board's commitment to best practice governance and independent oversight, with responsibilities including presiding over executive sessions and engaging with shareholders [3][4] Group 2 - Clint Stein has been with Columbia since 2020, focusing on disciplined growth and prudent risk management, while Maria Pope and Luis Machuca have been on the Board since 2014 and 2010, respectively [4] - Columbia Banking System, Inc. is headquartered in Tacoma, Washington, and operates as a regional bank with a presence in multiple states, offering a wide range of banking services [5]

Core Viewpoint - Columbia Banking System, Inc. will release its fourth quarter 2025 financial results on January 22, 2026, after market close, and will host a conference call for investors and analysts to discuss these results and recent activities [1]. Company Overview - Columbia Banking System, Inc. is headquartered in Tacoma, Washington, and is the parent company of Columbia Bank, which is the largest bank headquartered in the Northwest and one of the largest in the West, with locations across several states including Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington [2]. - Columbia Bank offers a full suite of services including retail and commercial banking, Small Business Administration lending, institutional and corporate banking, and equipment leasing, along with investment and wealth management services through Columbia Wealth Management [2].

Core Points - Columbia Banking System, Inc. announced a quarterly cash dividend of $0.37 per common share, marking a 3% increase from the previous dividend declaration [1][2] - The dividend is scheduled to be paid on December 15, 2025, to shareholders of record as of November 28, 2025 [1] - The company also revealed a $700 million share repurchase program, indicating a strong commitment to returning capital to shareholders [2] Company Overview - Columbia Banking System, Inc. is headquartered in Tacoma, Washington, and is the parent company of Columbia Bank, which is the largest bank in the Northwest and one of the largest in the West [2] - Columbia Bank offers a comprehensive range of services, including retail and commercial banking, SBA lending, corporate banking, and wealth management [2] - The company emphasizes its commitment to delivering superior, personalized service while combining the resources of a national bank [2]

Company Overview - Huntington Bancshares Incorporated (HBAN) is a regional bank holding company based in Columbus, Ohio, providing a comprehensive range of banking services primarily in the U.S. Midwest and surrounding states, with a market capitalization of approximately $22.4 billion [1] Stock Performance - HBAN shares have underperformed the broader market, declining 3.1% over the past 52 weeks, while the S&P 500 Index has increased by 17.4%. Year-to-date, HBAN is down 6.3%, compared to the S&P 500's 16% return [2] - The stock has also lagged behind the Financial Select Sector SPDR Fund (XLF), which has returned 10.8% over the past 52 weeks and 8.1% year-to-date [3] Recent Developments - The recent decline in HBAN stock is largely due to investor concerns regarding its $7.4 billion all-stock acquisition of Cadence Bank, which may lead to near-term dilution of tangible book value and a pause in share buybacks until the integration is completed [4] - Broader caution in the regional banking sector, driven by margin pressures, funding cost risks, and economic uncertainty, has negatively impacted sentiment towards HBAN, despite relatively stable fundamentals [5] Earnings Outlook - For the fiscal year ending December 2025, analysts project HBAN's earnings per share (EPS) to grow by 20.2% year-over-year to $1.49. The company has a strong earnings surprise history, having beaten or matched bottom-line estimates in the last four quarters [5] Analyst Ratings - Among 22 analysts covering HBAN, the consensus rating is a "Strong Buy," an upgrade from "Moderate Buy" two months ago. This rating is based on 16 "Strong Buy" ratings, one "Moderate Buy," four "Holds," and one "Strong Sell" [6] - The current analyst configuration is more bullish than two months ago, when 15 analysts had a "Strong Buy" rating [7]

Group 1 - Columbia Banking System, Inc. will release its third quarter 2025 financial results on October 30, 2025, after market close [1] - A conference call for investors and analysts will be held at 2:00 p.m. PT (5:00 p.m. ET) on the same day, including a live question-and-answer session [1] - Participants can register for the call to receive dial-in details and unique PINs or join the listen-only audiocast [1] Group 2 - Columbia Banking System, Inc. is headquartered in Tacoma, Washington, and is the parent company of Columbia Bank, which was renamed from Umpqua Bank effective July 1, 2025 [4] - Columbia Bank is the largest bank headquartered in the Northwest and one of the largest in the West, with over $50 billion in assets and locations across several states [2] - The bank offers a full suite of services, including retail and commercial banking, SBA lending, institutional and corporate banking, and equipment leasing, along with investment and wealth management services [2]

Group 1 - Columbia Banking System, Inc. will participate in the Barclays 23rd Annual Global Financial Services Conference on September 10, 2025, at 11:15 a.m. ET [1] - A live audiocast of the presentation will be available on the company's investor relations website, which may include forward-looking statements [2] - Columbia Banking System, Inc. is headquartered in Tacoma, Washington, and is the parent company of Columbia Bank, which is the largest bank headquartered in the Northwest with over $50 billion in assets [3] Group 2 - Columbia Bank offers a full suite of services including retail and commercial banking, Small Business Administration lending, institutional and corporate banking, and equipment leasing [3] - Customers of Columbia Bank have access to investment and wealth management services through Columbia Wealth Advisors and Columbia Trust Company [3]

Group 1 - Columbia Banking System, Inc. will participate in the Barclays 23rd Annual Global Financial Services Conference on September 10, 2025, at 11:15 a.m. ET [1] - A live audiocast of the presentation will be available on the company's investor relations website [2] - Columbia Banking System is headquartered in Tacoma, Washington, and is the parent company of Columbia Bank, which is the largest bank headquartered in the Northwest with over $50 billion in assets [3] Group 2 - Columbia Bank offers a full suite of services including retail and commercial banking, Small Business Administration lending, institutional and corporate banking, and equipment leasing [3] - Customers of Columbia Bank have access to investment and wealth management services through Columbia Wealth Advisors and Columbia Trust Company [3]

Core Viewpoint - Farmers & Merchants Bancorp has announced a change in its dividend policy from semi-annual to quarterly payments, reflecting strong financial performance and aligning with industry practices [1][4]. Financial Performance - For the trailing twelve months ending June 30, 2025, the company reported a net income of $90.0 million, an increase from $87.9 million the previous year [2]. - Diluted earnings per share for the same period were $126.87, up 7.8% from $117.73 a year earlier [2]. - For the second quarter of 2025, net income was $23.1 million, or $32.94 per diluted common share [3]. - The annualized return on average assets was 1.65%, and return on average equity was 15.09% for the quarter [3]. - Total assets at quarter-end were reported at $5.5 billion [3]. Dividend Information - The Board of Directors declared a quarterly cash dividend of $5.00 per share, payable on October 1, 2025, to shareholders of record on September 11, 2025 [2]. - The last semi-annual cash dividend was $9.30, paid on July 1, 2025 [2]. - The company has paid dividends for 90 consecutive years and has increased dividends for 60 consecutive years, ranking 17th among "Dividend Kings" [4][6]. Capital Ratios and Credit Quality - As of June 30, 2025, the common equity tier 1 ratio was 13.88%, and the total risk-based capital ratio was 15.36%, exceeding regulatory requirements [3]. - The company maintained an allowance for credit losses on loans and leases of $76.2 million, or 2.09% of total loans and leases, with no non-accrual loans reported [3]. Industry Recognition - Farmers & Merchants Bancorp was ranked as the 3 best performing bank in the nation across all asset categories for 2024 by Bank Director's Magazine [7]. - The bank has consistently received high rankings in various studies, including being named the 1 best performing bank in 2022 and 2 in 2023 [8]. - F&M Bank was also recognized as the 6th best bank in America by Forbes in 2023 [9].