Columbia Banking System
Market Cap
US$3.1b
Last Updated
2021/03/01 00:27 UTC
Data Sources
Company Financials +
Executive Summary
Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in Washington, Oregon, and Idaho. More Details
Snowflake Analysis
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Columbia Banking System's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: COLB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: COLB's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-0.3%
COLB
-0.2%
US Banks
-3.6%
US Market
1 Year Return
33.4%
COLB
19.9%
US Banks
36.5%
US Market
Return vs Industry: COLB exceeded the US Banks industry which returned 19.9% over the past year.
Return vs Market: COLB underperformed the US Market which returned 36.4% over the past year.
Shareholder returns
| COLB | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | -0.2% | -3.6% |
| 30 Day | 15.0% | 16.1% | 2.7% |
| 90 Day | 40.1% | 26.2% | 7.5% |
| 1 Year | 38.8%33.4% | 24.3%19.9% | 39.5%36.5% |
| 3 Year | 15.7%3.3% | 11.7%2.2% | 53.5%43.6% |
| 5 Year | 78.4%49.4% | 92.0%67.7% | 117.5%93.2% |
Long-Term Price Volatility Vs. Market
How volatile is Columbia Banking System's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Four Days Left Until Columbia Banking System, Inc. (NASDAQ:COLB) Trades Ex-Dividend1 month ago | Simply Wall St
Did You Participate In Any Of Columbia Banking System's (NASDAQ:COLB) Respectable 74% Return?2 months ago | Simply Wall St
Columbia Banking System, Inc. (NASDAQ:COLB) Insiders Increased Their HoldingsValuation
Is Columbia Banking System undervalued compared to its fair value and its price relative to the market?
20.34x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: COLB ($44.29) is trading above our estimate of fair value ($42.59)
Significantly Below Fair Value: COLB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: COLB is poor value based on its PE Ratio (20.3x) compared to the US Banks industry average (12.5x).
PE vs Market: COLB is good value based on its PE Ratio (20.3x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: COLB is poor value based on its PEG Ratio (70.9x)
Price to Book Ratio
PB vs Industry: COLB is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is Columbia Banking System forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
0.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COLB's forecast earnings growth (0.3% per year) is below the savings rate (2%).
Earnings vs Market: COLB's earnings (0.3% per year) are forecast to grow slower than the US market (20.1% per year).
High Growth Earnings: COLB's earnings are forecast to grow, but not significantly.
Revenue vs Market: COLB's revenue (3.6% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: COLB's revenue (3.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: COLB's Return on Equity is forecast to be low in 3 years time (7.1%).
Next Steps
Past Performance
How has Columbia Banking System performed over the past 5 years?
12.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COLB has high quality earnings.
Growing Profit Margin: COLB's current net profit margins (29.3%) are lower than last year (33%).
Past Earnings Growth Analysis
Earnings Trend: COLB's earnings have grown by 12.7% per year over the past 5 years.
Accelerating Growth: COLB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: COLB had negative earnings growth (-19.9%) over the past year, making it difficult to compare to the Banks industry average (0.6%).
Return on Equity
High ROE: COLB's Return on Equity (6.6%) is considered low.
Next Steps
Financial Health
How is Columbia Banking System's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: COLB's Assets to Equity ratio (7.1x) is low.
Allowance for Bad Loans: COLB has a sufficient allowance for bad loans (428%).
Low Risk Liabilities: 97% of COLB's liabilities are made up of primarily low risk sources of funding.
Loan Level: COLB has an appropriate level of Loans to Assets ratio (56%).
Low Risk Deposits: COLB's Loans to Deposits ratio (67%) is appropriate.
Level of Bad Loans: COLB has an appropriate level of bad loans (0.4%).
Next Steps
Dividend
What is Columbia Banking System current dividend yield, its reliability and sustainability?
3.03%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: COLB's dividend (3.03%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: COLB's dividend (3.03%) is low compared to the top 25% of dividend payers in the US market (3.77%).
Stability and Growth of Payments
Stable Dividend: COLB's dividend payments have been volatile in the past 10 years.
Growing Dividend: COLB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.4%), COLB's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: COLB's dividends in 3 years are forecast to be covered by earnings (50.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Clint Stein (48 yo)
1.08yrs
Tenure
US$1,122,568
Compensation
Mr. Clint E. Stein has been President, Chief Executive Officer and Director at Columbia Banking System, Inc and its subsidiary Columbia Bank since January 1, 2020. Since August 2017 until January 1, 2020, ...
CEO Compensation Analysis
Compensation vs Market: Clint's total compensation ($USD1.12M) is below average for companies of similar size in the US market ($USD4.98M).
Compensation vs Earnings: Clint's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.08yrs | US$1.12m | 0.042% $ 1.3m | |
| Executive VP & Chief Human Resources Officer | 7.58yrs | US$1.07m | 0.025% $ 789.2k | |
| Executive VP & Chief Credit Officer | 16.67yrs | US$1.26m | 0.057% $ 1.8m | |
| Executive VP & CFO | 0.83yr | no data | 0.0090% $ 282.2k | |
| COO & Executive VP | 1.08yrs | no data | 0.011% $ 351.4k | |
| Senior VP & Chief Accounting Officer | 2.67yrs | no data | 0.0087% $ 271.8k | |
| Executive VP and Chief Digital & Technology Officer | 2.83yrs | no data | 0.029% $ 894.7k | |
| Head of Investor Relations | no data | no data | no data | |
| Executive VP | 6.42yrs | US$760.06k | 0.027% $ 857.1k | |
| Executive VP and Chief Marketing & Experience Officer | no data | no data | 0.0087% $ 271.5k | |
| Executive VP & Chief Risk Officer | no data | no data | 0.018% $ 562.8k | |
| Executive VP & Chief Commercial Banking Officer | 2.83yrs | no data | no data |
2.8yrs
Average Tenure
60yo
Average Age
Experienced Management: COLB's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.08yrs | US$1.12m | 0.042% $ 1.3m | |
| Independent Director | 22.08yrs | US$158.16k | 0.081% $ 2.5m | |
| Independent Director | 6.33yrs | US$149.99k | 0.062% $ 1.9m | |
| Independent Chairman of the Board | 2.75yrs | US$197.49k | 0.024% $ 746.9k | |
| Independent Director | 9yrs | US$163.95k | 0.028% $ 874.1k | |
| Independent Director | 3.08yrs | US$138.33k | 0.010% $ 312.9k | |
| Independent Director | 9yrs | US$151.94k | 0.027% $ 844.0k | |
| Independent Director | 6.75yrs | US$145.66k | 0.020% $ 630.4k | |
| Independent Director | 6.42yrs | US$148.16k | 0.017% $ 541.8k | |
| Independent Director | 3.33yrs | US$141.22k | 0.017% $ 531.8k | |
| Independent Director | 3.58yrs | US$147.91k | 0.011% $ 357.3k | |
| Director | 0.083yr | no data | 0.0012% $ 36.6k |
6.3yrs
Average Tenure
61yo
Average Age
Experienced Board: COLB's board of directors are considered experienced (6.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: COLB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Columbia Banking System, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Columbia Banking System, Inc.
- Ticker: COLB
- Exchange: NasdaqGS
- Founded: 1993
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$3.132b
- Shares outstanding: 70.71m
- Website: https://www.columbiabank.com
Number of Employees
Location
- Columbia Banking System, Inc.
- 1301 A Street
- Tacoma
- Washington
- 98402
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| COLB | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 1992 |
Biography
Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/01 00:27 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.