Business
COLUMBIA BANKING SYSTEM, INC. REPORTS FOURTH QUARTER 2025 RESULTS
TACOMA, Wash., Jan. 22, 2026 /PRNewswire/ -- $215 million$243 million$0.72$0.82Net incomeOperating net income1Earnings per common share -dilutedOperating
About this update from Columbia Banking System, Inc.
[{"type":"text","content":"TACOMA, Wash., Jan. 22, 2026 /PRNewswire/ --\n \n \n \n \n \n \n \n$215 million$243 million$0.72$0.82Net incomeOperating net income1Earnings per common share -dilutedOperating earnings per common share - diluted1 CEO Commentary\"Our fourth quarter performance marked a strong end to a tremendous year for Columbia, reflecting continued momentum across ourbusinesses and our commitment to consistent, repeatable results,\" said Clint Stein, President and CEO. \"Our operating performance wassupported by disciplined balance sheet management, new and expanding customer relationships, and the first full-quarter contributionfrom Pacific Premier. We remain on track for a seamless systems conversion later this quarter, which will enable us to fully realize deal-related cost savings and achieve a clean expense run rate by the third quarter. Investments made throughout 2025 strengthened our western footprint and enhanced our long-term earnings power, and we entered 2026 with healthy pipelines, solid capital generation, and a clear path to continued operational improvement, all in support of long-term value creation and ongoing capital return to our shareholders.\"– Clint Stein, Chair, CEO & President of Columbia Banking System, Inc. 4Q25 HIGHLIGHTS (COMPARED TO 3Q25)Net Interest Income andNIM• Net interest income increased by $122 millionfrom the prior quarter, due to two additionalmonths operating as a combined company andlower interest expense due to favorable fundingmix trends• Net interest margin was 4.06%, up 22 basispoints from the prior quarter, due to a favorablefunding mix shift following the reduction inhigher-cost funding sources during the priorquarter. The net interest margin also wasimpacted by two additional months operating as a combined company in the current periodNon-InterestIncome andExpense• Non-interest income increased by $13 million.Excluding the impact of fair value and hedges,1 non-interest income increased by $16 million,due to two additional months operating as acombined company and an increase in customer fee income• Non-interest expense increased by $19 million,due to two additional months operating as a combined company, partially offset by lowermerger expenseCredit Quality• Net charge-offs were 0.25% of average loansand leases (annualized), compared to 0.22% forthe prior quarter• Provision expense was $23 milli...