NASDAQ$COLB
Columbia Banking System Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Columbia Banking System reported strong Q3 2023 results, driven by customer focus and balanced growth.
Columbia Banking System reported a net income of $136 million, or $0.65 per diluted common share, and operating net income of $164 million, or $0.79 per diluted common share. The results highlight stabilizing customer deposit trends, relationship-driven growth in the loan portfolio, and customer-based fee income. The company achieved $140 million in annualized net merger-related cost savings through quarter end.
- Net income of $136 million, or $0.65 per diluted common share.
- Operating net income of $164 million, or $0.79 per diluted common share.
- Consolidated asset balances of $52 billion at quarter end.
- Achieved $140 million in annualized net merger-related cost savings, surpassing the original target.
Headline financials
Revenue & EPS history
Columbia Banking System · Revenue · Quarterly
$525M
Forward guidance
Columbia expects its capital position to continue to build over time, supporting the growing franchise and increasing flexibility for capital return.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
-0.3%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+1.8%
Avg return
30 days after
43%
28 / 65 earnings
Positive
+15.4%
Q2 2024
Best reaction
-19.6%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.2% | -1.8% | +0.3% | |
| Q4 2025 | -2.6% | -2.4% | +7.0% | |
| Q3 2025 | +3.5% | +1.9% | +6.5% | |
| Q1 2025 | -0.9% | -3.4% | +0.3% | |
| Q4 2024 | -0.7% | -1.8% | -5.8% | |
| Q3 2024 | +3.0% | +5.8% | +16.8% | |
| Q2 2024 | +15.4% | +12.3% | +6.8% | |
| Q1 2024 | -0.5% | -2.1% | -2.0% | |
| Q4 2023 | -19.6% | -16.8% | -27.7% | |
| Q3 2023 | -3.7% | -9.4% | +10.4% | |
| Q2 2023 | -4.7% | -3.7% | -14.7% | |
| Q1 2023 | +7.3% | +4.4% | +4.9% | |
| Q4 2022 | +4.6% | +5.0% | +6.6% | |
| Q3 2022 | +4.3% | +5.2% | +13.6% | |
| Q2 2022 | -3.2% | -3.7% | +5.9% | |
| Q1 2022 | +0.3% | -4.2% | -8.0% | |
| Q4 2021 | -3.8% | -2.3% | +0.0% | |
| Q3 2021 | +0.6% | +2.1% | -3.6% | |
| Q2 2021 | +0.3% | +1.8% | +6.0% | |
| Q1 2021 | -1.0% | +0.3% | -1.9% | |
| Q4 2020 | -4.6% | -0.1% | +9.7% | |
| Q3 2020 | +10.2% | +19.0% | +30.3% | |
| Q2 2020 | +0.4% | -4.4% | -6.8% | |
| Q1 2020 | -14.5% | -19.0% | -14.3% | |
| Q4 2019 | +3.0% | +2.1% | -0.6% | |
| Q3 2019 | +1.8% | +5.3% | +3.3% | |
| Q2 2019 | +1.5% | +2.2% | -8.0% | |
| Q1 2019 | +5.2% | +7.6% | +1.1% | |
| Q4 2018 | -5.7% | -4.4% | -0.5% | |
| Q3 2018 | +9.3% | +13.1% | +17.4% | |
| Q2 2018 | -0.6% | -1.5% | +1.9% | |
| Q1 2018 | -7.6% | -8.1% | -3.8% | |
| Q4 2017 | -3.5% | -5.8% | -5.7% | |
| Q3 2017 | +4.7% | +3.3% | +3.7% | |
| Q2 2017 | -3.0% | +0.6% | -6.2% | |
| Q1 2017 | -2.9% | -2.6% | -6.3% | |
| Q4 2016 | -1.8% | -4.5% | -2.0% | |
| Q3 2016 | +2.5% | +2.0% | +25.0% | |
| Q2 2016 | +1.8% | +1.1% | +9.8% | |
| Q1 2016 | -6.9% | — | — | |
| Q4 2015 | +2.7% | — | — | |
| Q3 2015 | -2.6% | — | — | |
| Q2 2015 | -1.0% | — | — | |
| Q1 2015 | +3.3% | — | — | |
| Q4 2014 | +1.0% | — | — | |
| Q3 2014 | -3.2% | — | — | |
| Q2 2014 | +4.8% | — | — | |
| Q1 2014 | -4.9% | — | — | |
| Q4 2013 | -1.2% | — | — | |
| Q3 2013 | +2.5% | — | — | |
| Q2 2013 | -1.6% | — | — | |
| Q1 2013 | +2.6% | — | — | |
| Q4 2012 | +2.1% | — | — | |
| Q3 2012 | -1.8% | — | — | |
| Q2 2012 | -1.3% | — | — | |
| Q1 2012 | +2.8% | — | — | |
| Q4 2011 | -0.7% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q4 2009 | -0.7% | — | — | |
| Q3 2011 | -1.0% | — | — | |
| Q3 2010 | -1.7% | — | — | |
| Q2 2010 | -4.6% | — | — | |
| Q2 2011 | -4.6% | — | — | |
| Q1 2010 | -1.6% | — | — | |
| Q1 2011 | -1.6% | — | — |
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