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COLB

Columbia Banking SystemNasdaqGS:COLB Stock Report

Market Cap

US$2.7b

7D

-0.5%

1Y

31.1%

Updated

26 Oct, 2021

Data

Company Financials +
COLB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance5/6
Financial Health6/6
Dividends4/6

COLB Overview

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.

Columbia Banking System Competitors

First Republic Bank

NYSE:FRC

US$38.7b

Signature Bank

NasdaqGS:SBNY

US$18.4b

SouthState

NasdaqGS:SSB

US$5.4b

Sterling Bancorp

NYSE:STL

US$5.2b

Price History & Performance

Summary of all time highs, changes and price drops for Columbia Banking System
Historical stock prices
Current Share PriceUS$34.86
52 Week HighUS$25.07
52 Week LowUS$50.68
Beta0.85
1 Month Change-5.99%
3 Month Change0.086%
1 Year Change31.05%
3 Year Change-7.09%
5 Year Change6.87%
Change since IPO809.88%

Recent News & Updates

Oct 12

Columbia Banking And Umpqua Holdings Partner Up To Create The West Coast Banking Dream Team

Two highly successful Pacific Northwest community banks are merging to become the undisputed best-in-class west coast regional bank. Strong merger-related earnings accretion for both legacy shareholders is likely to be viewed positively by the market. A mixed pro forma management team should pull together the best practices from each bank.

Sep 27
With EPS Growth And More, Columbia Banking System (NASDAQ:COLB) Is Interesting

With EPS Growth And More, Columbia Banking System (NASDAQ:COLB) Is Interesting

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

COLBUS BanksUS Market
7D-0.5%2.0%0.9%
1Y31.1%81.9%33.4%

Return vs Industry: COLB underperformed the US Banks industry which returned 77% over the past year.

Return vs Market: COLB underperformed the US Market which returned 33.4% over the past year.

Price Volatility

Is COLB's price volatile compared to industry and market?
COLB volatility
COLB Beta0.85
Industry Beta1.32
Market Beta1

Stable Share Price: COLB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: COLB's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19932,091Clint Steinhttps://www.columbiabank.com

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. It offers personal banking products and services, including non-interest and interest-bearing checking, savings, money market, and certificate of deposit accounts; home mortgages for purchases and refinances, home equity loans and lines of credit, and other personal loans; debit and credit cards; and digital banking services. The company also provides business banking products and services, such as checking, savings, interest-bearing money market, and certificate of deposit accounts; agricultural, asset-based, builder and other commercial real estate loans, as well as loans guaranteed by the small business administration; debit and credit cards; and professional banking, treasury management, merchant card, and international banking services.

Columbia Banking System Fundamentals Summary

How do Columbia Banking System's earnings and revenue compare to its market cap?
COLB fundamental statistics
Market CapUS$2.71b
Earnings (TTM)US$209.31m
Revenue (TTM)US$600.82m

13.0x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
COLB income statement (TTM)
RevenueUS$600.82m
Cost of RevenueUS$0
Gross ProfitUS$600.82m
ExpensesUS$391.51m
EarningsUS$209.31m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)2.69
Gross Margin100.00%
Net Profit Margin34.84%
Debt/Equity Ratio6.3%

How did COLB perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

38%

Payout Ratio

Valuation

Is Columbia Banking System undervalued compared to its fair value and its price relative to the market?

35.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: COLB ($34.86) is trading below our estimate of fair value ($53.67)

Significantly Below Fair Value: COLB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: COLB is poor value based on its PE Ratio (13x) compared to the US Banks industry average (11.1x).

PE vs Market: COLB is good value based on its PE Ratio (13x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: COLB is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: COLB's PB Ratio (1.2x) is in line with the US Banks industry average.


Future Growth

How is Columbia Banking System forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

53.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COLB's forecast earnings growth (53.1% per year) is above the savings rate (2%).

Earnings vs Market: COLB's earnings (53.1% per year) are forecast to grow faster than the US market (14.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: COLB's revenue (55.4% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: COLB's revenue (55.4% per year) is forecast to grow faster 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 (7.7%).


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 (34.8%) are higher than last year (28.3%).


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 earnings growth over the past year (42.3%) exceeds its 5-year average (12.7% per year).

Earnings vs Industry: COLB earnings growth over the past year (42.3%) exceeded the Banks industry 37.8%.


Return on Equity

High ROE: COLB's Return on Equity (9%) is considered low.


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 (7.7x) is low.

Allowance for Bad Loans: COLB has a sufficient allowance for bad loans (595%).

Low Risk Liabilities: 98% 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 (53%).

Low Risk Deposits: COLB's Loans to Deposits ratio (62%) is appropriate.

Level of Bad Loans: COLB has an appropriate level of bad loans (0.2%).


Dividend

What is Columbia Banking System current dividend yield, its reliability and sustainability?

3.44%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: COLB's dividend (3.44%) is higher than the bottom 25% of dividend payers in the US market (1.27%).

High Dividend: COLB's dividend (3.44%) is low compared to the top 25% of dividend payers in the US market (3.48%).


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 reasonably low payout ratio (37.9%), COLB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: COLB's dividends in 3 years are forecast to be well covered by earnings (42.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average management tenure


CEO

Clint Stein (49 yo)

1.75yrs

Tenure

US$3,574,309

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 ($USD3.57M) is below average for companies of similar size in the US market ($USD5.16M).

Compensation vs Earnings: Clint's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: COLB's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: COLB's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10%.


Top Shareholders

Company Information

Columbia Banking System, Inc.'s 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$2.711b
  • Shares outstanding: 77.78m
  • Website: https://www.columbiabank.com

Number of Employees


Location

  • Columbia Banking System, Inc.
  • 1301 A Street
  • Tacoma
  • Washington
  • 98402-2156
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 22:33
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.