Key Takeaways COLB now spans eight Western states and ~350 branches after the Pacific Premier deal closed in August 2025.COLB's NIM rose to 4.06% in Q4 2025, with management aiming to stay above 4% by mid-2026.COLB has $700M buyback authority through late 2026, with plans for $150-$200M repurchased per quarter.Columbia Banking (COLB) now spans eight Western states with roughly 350 branches and a relationship-first model linking commercial, small business, consumer and wealth teams. Shares have outperformed ...

Key Takeaways COLB's Q3 revenue rose 17%, boosted by NII, fee income, and early Pacific Premier integration benefits.Pacific Premier adds fee engines like trust services and escrow, lifting durable non-interest income.Operating expenses and uneven credit costs may weigh as COLB completes integration through early 2026.Columbia Banking (COLB) intends to reaccelerate revenues, while reshaping its balance sheet after closing the Pacific Premier acquisition. Margin actions and fee income platforms are building ...

Core Viewpoint - Columbia Banking (COLB) stock has increased by 32.6% over the past six months, driven by strong quarterly performance, the acquisition of Pacific Premier, and favorable operating conditions [1][9] Financial Performance - The third-quarter 2025 results showed a 17% year-over-year increase in total revenues, with net interest income (NII) also up by 17%, and net interest margin (NIM) improved to 3.84% from 3.56% a year ago [2] - Management expects fourth-quarter 2025 NIM to be "just north of" 3.90%, supported by approximately $12 million in deposit premium amortization [5] Cost Management and Synergies - Columbia Banking targets $127 million in annual cost savings from the Pacific Premier acquisition, with $48 million already realized by September 30, 2025 [8] - Operating expenses are anticipated to be between $330 million and $340 million per quarter for the next several quarters [8] Shareholder Returns - The board has authorized up to $700 million in share repurchases through November 30, 2026, which could enhance per-share metrics if executed [7] - The quarterly dividend has been raised by 2.8% to 37 cents per share, yielding 5.1% [7] Valuation and Earnings Estimates - COLB trades at a forward P/E of 9.52X, which is below the industry average, with a price target of $31 [11] - The Zacks Consensus Estimate for COLB's earnings is $2.91 for 2025 and $3.07 for 2026, indicating year-over-year growth of 7.4% for 2025 and 5.6% for 2026 [12]