NasdaqGS:COLB

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Columbia Banking System

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 established 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 +/- 9% a week.

Volatility Over Time: COLB's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

2.1%

COLB

6.3%

US Banks

2.8%

US Market


1 Year Return

-12.8%

COLB

-17.0%

US Banks

19.7%

US Market

Return vs Industry: COLB exceeded the US Banks industry which returned -17% over the past year.

Return vs Market: COLB underperformed the US Market which returned 19.7% over the past year.


Shareholder returns

COLBIndustryMarket
7 Day2.1%6.3%2.8%
30 Day29.1%19.9%8.0%
90 Day21.8%19.1%6.8%
1 Year-8.7%-12.8%-14.0%-17.0%22.4%19.7%
3 Year-16.7%-25.5%-3.4%-11.5%47.3%37.5%
5 Year21.1%0.7%38.4%21.1%93.6%72.3%

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

Valuation

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

17.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: COLB ($34.33) is trading above our estimate of fair value ($27.29)

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 (17.2x) compared to the US Banks industry average (11.5x).

PE vs Market: COLB is good value based on its PE Ratio (17.2x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: COLB is poor value based on its PEG Ratio (8x)


Price to Book Ratio

PB vs Industry: COLB is overvalued based on its PB Ratio (1.1x) compared to the US Banks industry average (0.9x).


Next Steps

Future Growth

How is Columbia Banking System forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

2.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COLB's forecast earnings growth (2.2% per year) is below the savings rate (2.2%).

Earnings vs Market: COLB's earnings (2.2% per year) are forecast to grow slower than the US market (22% per year).

High Growth Earnings: COLB's earnings are forecast to grow, but not significantly.

Revenue vs Market: COLB's revenue is expected to decline over the next 3 years (-1.3% per year).

High Growth Revenue: COLB's revenue is forecast to decline over the next 3 years (-1.3% 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 (6.8%).


Next Steps

Past Performance

How has Columbia Banking System performed over the past 5 years?

14.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: COLB has high quality earnings.

Growing Profit Margin: COLB's current net profit margins (27.7%) are lower than last year (32.7%).


Past Earnings Growth Analysis

Earnings Trend: COLB's earnings have grown by 14.1% 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 (-26.2%) over the past year, making it difficult to compare to the Banks industry average (-4.3%).


Return on Equity

High ROE: COLB's Return on Equity (6.2%) 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 (332%).

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 (59%).

Low Risk Deposits: COLB's Loans to Deposits ratio (70%) is appropriate.

Level of Bad Loans: COLB has an appropriate level of bad loans (0.5%).


Next Steps

Dividend

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

4.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: COLB's dividend (4.31%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: COLB's dividend (4.31%) is in the top 25% of dividend payers in the US market (4.05%)


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 (56.3%), 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 (54.6% payout ratio).


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Clint Stein (48 yo)

0.83

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 ($USD1.12M) is below average for companies of similar size in the US market ($USD5.15M).

Compensation vs Earnings: Clint's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Clint Stein
CEO, President & Director0.83yrUS$1.12m0.040%
$ 962.9k
David Lawson
Executive VP & Chief Human Resources Officer7.33yrsUS$1.07m0.025%
$ 601.2k
Andrew McDonald
Executive VP & Chief Credit Officer16.42yrsUS$1.26m0.056%
$ 1.4m
Aaron Deer
Executive VP & CFO0.58yrno data0.0057%
$ 137.4k
Christopher Merrywell
COO & Executive VP0.83yrno data0.011%
$ 257.4k
Brock Lakely
Senior VP & Chief Accounting Officer2.42yrsno data0.0091%
$ 221.4k
Eric Eid
Executive VP and Chief Digital & Technology Officer2.58yrsno data0.028%
$ 681.3k
Amy L. Betts
Head of Investor Relationsno datano datano data
Kumi Baruffi
Executive VP6.17yrsUS$760.06k0.027%
$ 644.1k
David Devine
Executive VP and Chief Marketing & Experience Officerno datano data0.0083%
$ 200.8k
Lisa Dow
Executive VP & Chief Risk Officerno datano data0.017%
$ 422.7k
Todd Leber
Executive VP & Chief Commercial Banking Officer2.58yrsno datano data

2.6yrs

Average Tenure

60yo

Average Age

Experienced Management: COLB's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Clint Stein
CEO, President & Director0.83yrUS$1.12m0.040%
$ 962.9k
Thomas Hulbert
Independent Director21.83yrsUS$158.16k0.081%
$ 2.0m
Ford Elsaesser
Independent Director6.08yrsUS$149.99k0.062%
$ 1.5m
Craig Eerkes
Independent Chairman of the Board2.5yrsUS$197.49k0.024%
$ 578.8k
Michelle Lantow
Independent Director8.75yrsUS$163.95k0.028%
$ 677.4k
Janine Terrano
Independent Director2.83yrsUS$138.33k0.010%
$ 242.6k
S. Mae Numata
Independent Director8.75yrsUS$151.94k0.027%
$ 654.3k
Elizabeth Seaton
Independent Director6.5yrsUS$145.66k0.020%
$ 488.5k
Mark Finkelstein
Independent Director6.17yrsUS$148.16k0.017%
$ 420.0k
Eric Forrest
Independent Director3.08yrsUS$141.22k0.017%
$ 412.0k
Randal Lund
Independent Director3.33yrsUS$147.91k0.011%
$ 276.8k

6.1yrs

Average Tenure

61yo

Average Age

Experienced Board: COLB's board of directors are considered experienced (6.1 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 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$2.428b
  • Shares outstanding: 70.72m
  • Website: https://www.columbiabank.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COLBNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 23:39
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.