Oct 27, 4:03 PM ET
Columbia Banking System said Torran Nixon, Co-President of Columbia Bank and Senior Executive Vice President, will transition to a senior advisor role. The change takes effect July 1, 2027 or another agreed date, and he is set to retire December 31, 2027. The filing describes continued pay and equity terms, which matter to shareholders as a planned leadership change at a senior level.
- Transition Date: July 1, 2027, or another mutually agreed date
- Retirement Date: December 31, 2027, after service as senior advisor
- Nixon eligible for a 2027 equity grant with target grant date fair value no less than his 2026 grant while Co-President
- Annual incentive payout for 2027, if any, prorated through the Transition Date
Read the filing on SEC.gov ↗
Oct 22, 4:15 PM ET
Columbia Banking System reported third quarter 2026 net income of $220 million, or $0.78 per diluted share, up from $208 million and $0.73 in the second quarter and from $0.40 a year earlier. The Board authorized a new $1.2 billion share repurchase program with no expiration date after the previous plan was completed.
- Net income was $220 million and diluted EPS was $0.78, compared with $0.73 in Q2 2026 and $0.40 in Q3 2025.
- Operating diluted EPS, a non-GAAP measure, was $0.82, up from $0.76 in Q2 2026 but down from $0.85 in Q3 2025.
- Net interest margin was 4.11%, up 18 basis points from Q2 2026.
- The Board authorized a new buyback of up to $1.2 billion; the prior plan was completed, with 23.3 million shares repurchased since November 2025.
Read the filing on SEC.gov ↗
Jul 30, 5:27 PM ET
Columbia Banking System, Inc. appointed Simone Lagomarsino to its Board of Directors on July 28, 2026, effective September 1, 2026. Her seat on the Columbia Bank board is subject to approval by the Oregon Department of Consumer and Financial Services. She will serve on the Audit and Enterprise Risk Management committees, and her director pay is set by the company's 2026 non-employee director program.
- Appointment effective September 1, 2026; Columbia Bank board seat subject to Oregon regulator approval
- Will serve on the Audit Committee and the Enterprise Risk Management Committee
- Annual cash retainer of $95,000 and annual equity retainer of $115,000, prorated for the partial year
- Restricted stock award from the equity retainer vests in full on May 14, 2027
Read the filing on SEC.gov ↗
Jul 23, 4:31 PM ET
Columbia Banking System reported second quarter 2026 net income of $208 million, up from $192 million in the first quarter, with diluted earnings of $0.73 per share versus $0.66 a quarter earlier. Net interest income fell $5 million to $589 million, while lower merger expense cut non-interest expense by $19 million to $375 million. Total deposits declined to $52.1 billion from $53.5 billion, and borrowings rose to $4.3 billion.
- Net income was $208 million, up from $192 million in Q1 2026; diluted EPS was $0.73 versus $0.66 in Q1 and $0.73 in Q2 2025
- Operating diluted EPS, a non-GAAP measure, was $0.76 versus $0.72 in Q1 2026
- Net interest income was $589 million, down $5 million, and net interest margin was 3.93%, down 3 basis points
- Non-interest expense was $375 million, down $19 million on lower merger expense; total deposits fell to $52.1 billion from $53.5 billion
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
