Every material Form 8-K Columbia Banking System has filed with the SEC since July 25, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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
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
Columbia Banking System reported first quarter 2026 net income of $192 million, or $0.66 per diluted share, down from $215 million, or $0.72, in the fourth quarter of 2025, but up from $87 million, or $0.41, a year earlier. Net interest income fell $33 million from the prior quarter, which included one-time benefits that did not repeat, and the company repurchased $200 million of common stock during the quarter.
Net income $192 million vs $215 million in 4Q25 and $87 million in 1Q25; diluted EPS $0.66 vs $0.72 and $0.41
Net interest income $594 million, down $33 million from the prior quarter; net interest margin 3.96%, down 10 basis points
Non-interest expense $394 million, down $18 million; provision for credit losses $28 million vs $23 million in 4Q25
Repurchased $200 million of common stock; quarterly dividend $0.37 per share; the company expects all Pacific Premier cost savings by June 30, 2026
Columbia Banking System reported fourth quarter 2025 net income of $215 million, or $0.72 per diluted share, up from $96 million, or $0.40, in the third quarter, with net interest income up $122 million after the Pacific Premier acquisition added two more months to the quarter. For the full year 2025, net income was $550 million, up 3%, but diluted EPS was $2.30, down 10% from $2.55, and operating EPS for the quarter was $0.82, down from $0.85 in the prior quarter.
Q4 2025 net income $215 million and diluted EPS $0.72, versus $96 million and $0.40 in Q3 2025
Q4 2025 operating diluted EPS $0.82, versus $0.85 in Q3 2025 and $0.71 in Q4 2024
Full-year 2025 net income $550 million (up 3%); diluted EPS $2.30 (down 10%)
Repurchased $100 million of common stock in the quarter; total assets $66.8 billion and deposits $54.2 billion as of December 31, 2025
Columbia Banking System named Brock Lakely as Executive Vice President, Chief Accounting Officer and Corporate Controller effective November 20, 2025, replacing Lisa M. White, who left the role effective November 19, 2025. The filing gives his base salary as $360,000 and says the change involves no special arrangements or family relationships, so it is a routine finance leadership change rather than a change in company results or strategy.
Lisa M. White ceased serving as Principal Accounting Officer and Corporate Controller effective end of business November 19, 2025
Brock Lakely appointed effective November 20, 2025, with annual base salary increased to $360,000
Lakely previously served as Chief Audit Executive from April 3, 2023 to November 19, 2024, and as Chief Accounting Officer from May 20, 2018 to April 3, 2023
Columbia Banking System, Inc. (Nasdaq: COLB) said Ivan Seda will succeed Ronald L. Farnsworth as chief financial officer effective December 31, 2025. Farnsworth will serve as a senior advisor through June 1, 2026, and the filing discloses the pay terms for both executives, including payments due to Farnsworth on his separation date.
Ivan Seda, Deputy CFO since August 2025, becomes CFO effective December 31, 2025.
Seda's base salary is $550,000, with a target annual incentive of 85% of base salary and a performance stock unit grant valued at $750,000 that cliff vests after three years.
Farnsworth ceases to be CFO on December 31, 2025, and his advisor role runs through June 1, 2026.
On separation, Farnsworth is due cash severance, a lump sum equal to 18 months of company benefit contributions, and a lump sum tied to 62,572 target equity shares at the closing share price.
Columbia Banking System reported third quarter 2025 net income of $96 million, down from $152 million in the second quarter, and diluted earnings per share of $0.40, down from $0.73, as it recorded $87 million of merger and restructuring expense tied to its Pacific Premier acquisition. Net interest income rose to $505 million and operating diluted earnings per share were $0.85, up from $0.76, and the Board authorized a $700 million share repurchase program. Shareholders face a mixed picture: revenue grew, but reported profit fell sharply.
Net income was $96 million and diluted EPS was $0.40, compared with $152 million and $0.73 in the prior quarter.
Operating diluted EPS was $0.85, compared with $0.76 in the prior quarter; merger and restructuring expense was $87 million.
Net interest income was $505 million, up $59 million from the prior quarter, partly due to one month of combined operations.
The Board authorized repurchases of up to $700 million of common stock; the authorization expires November 30, 2026.
Columbia Banking System closed its acquisition of Pacific Premier Bancorp at the effective time of the merger on August 31, 2025, and filed the 8-K on September 2, 2025. The combined company reports about $70 billion in assets, and former Pacific Premier stockholders will hold roughly 30% of Columbia shares after closing.
Each Pacific Premier share converted into 0.9150 of a Columbia common share; Pacific Premier shares ceased trading before the September 2, 2025 Nasdaq open.
At closing, Columbia reported approximately $70 billion in assets, $50 billion in loans and $56 billion in deposits, with more than 350 locations across eight western states.
Three former Pacific Premier directors joined Columbia's board, including Steven R. Gardner, who will receive $2.2 million under a one-year-and-one-day consulting agreement.
Columbia expects to integrate its systems and services in the first quarter of 2026.
Columbia Banking System reported second quarter 2025 net income of $152 million, or $0.73 per diluted share, up from $86.6 million, or $0.41 per share, in the first quarter. Operating earnings were $0.76 per diluted share, compared with $0.67 in the prior quarter. The company also said it expects to close its Pacific Premier Bancorp acquisition as soon as September 1, 2025, pending regulatory approvals.
Net income was $152 million for Q2 2025, compared with $87 million in Q1 2025 and $120 million in Q2 2024.
Diluted EPS was $0.73 versus $0.41 in Q1 2025; operating diluted EPS was $0.76 versus $0.67.
Net interest margin rose to 3.75%, up 15 basis points from Q1 2025.
Pacific Premier Bancorp shareholders approved the combination on July 21, 2025; closing is expected as soon as September 1, 2025.
Columbia Banking System signed a merger agreement on April 23, 2025, to acquire Pacific Premier Bancorp, with Pacific Premier shareholders receiving 0.9150 of a Columbia share for each share they hold. The deal requires shareholder and regulatory approvals before completion, and a $75 million termination fee applies in certain circumstances, so the deal's outcome remains uncertain.
Exchange ratio: 0.9150 Columbia common share per Pacific Premier share, with cash paid for fractional shares
Three Pacific Premier directors, including Chairman, CEO and President Steven R. Gardner, expected to join Columbia's board
Completion requires shareholder approvals, Federal Reserve, FDIC and Oregon approvals, and an S-4 registration statement
Termination fee of $75,000,000 payable by either party in certain circumstances
Columbia Banking System reported first quarter 2025 net income of $87 million, or $0.41 per diluted share, down from $143 million and $0.68 in the fourth quarter of 2024. Non-interest expense rose $74 million to $340 million, mainly due to a $55 million legal settlement accrual and $15 million in severance, while the company also disclosed a definitive all-stock merger agreement to acquire Pacific Premier Bancorp.
Net income $87 million and diluted EPS $0.41, versus $143 million and $0.68 in Q4 2024; operating EPS was $0.67 versus $0.71
Non-interest expense $340 million, including a $55 million legal settlement accrual and $15 million severance expense
Net interest income $425 million, down $12 million; net interest margin 3.60%, down 4 basis points
Pending all-stock acquisition of Pacific Premier Bancorp, anticipated to close in the second half of 2025; joint conference call April 23, 2025 at 3:00 p.m. PT
Cort O'Haver stepped down as Executive Chair and resigned from the board effective March 31, 2025, after the Umpqua merger integration was completed. Director Maria Pope becomes independent, non-executive board chair effective April 1, 2025, and the Executive Chair position has been eliminated.
O'Haver's Executive Chair role and board seat ended March 31, 2025; he will no longer serve as a director or employee of the company or any subsidiary
Maria Pope, a director since the merger with Umpqua was completed, becomes independent, non-executive Board Chair effective April 1, 2025
O'Haver's severance is for involuntary termination without cause under his October 11, 2021 employment letter, subject to a release of claims and continued compliance with restrictive covenants
Columbia Banking System reported fourth-quarter 2024 net income of $143 million and diluted earnings per share of $0.68, compared with $146 million and $0.70 in the third quarter, while operating EPS rose to $0.71 from $0.69. Net interest income rose $7 million to $437 million, but non-interest income fell $16 million, and full-year 2024 net income of $533.7 million was up 53% from 2023, which shareholders may weigh against the quarter-over-quarter decline.
Q4 2024 net income was $143 million, down from $146 million in Q3 2024; diluted EPS was $0.68, versus $0.70 in Q3 and $0.45 in Q4 2023.
Operating diluted EPS, a non-GAAP measure, was $0.71 in Q4 2024 compared with $0.69 in Q3 2024.
Net interest income rose $7 million to $437 million, while non-interest income fell $16 million to $50 million, driven partly by a $6 million net fair value loss.
Full-year 2024 net income was $533.7 million and diluted EPS was $2.55, up from $1.78 in 2023; final figures will appear in the Form 10-K.
Columbia Banking System reported third quarter 2024 net income of $146 million, up from $120 million in the second quarter, and diluted earnings per share of $0.70 versus $0.57. Operating earnings per share were $0.69, compared with $0.79 a year earlier, and total loans and leases fell $207 million during the quarter. Shareholders get a quarter of higher reported profit, while the filing also shows lower operating earnings than a year earlier.
Net income was $146 million in the third quarter of 2024, compared with $120 million in the second quarter.
Diluted EPS was $0.70, compared with $0.57 in the second quarter; operating diluted EPS was $0.69, compared with $0.67 in the second quarter and $0.79 in the third quarter of 2023.
Net interest margin was 3.56%, unchanged from the prior quarter; net interest income rose $3 million to $430 million.
Gross loans and leases decreased $207 million to $37.5 billion as of September 30, 2024; book value per common share rose to $25.17.
Columbia Banking System reported second quarter 2024 net income of $120 million, or $0.57 per diluted share, down from $124 million and $0.59 in the first quarter and from $133 million and $0.64 a year earlier. Operating net income was $140 million and operating EPS was $0.67, up from $0.65 in the prior quarter but down from $0.81 a year earlier; the company also filed an investor presentation for its July 25, 2024 earnings call.
Net income was $120 million and diluted EPS was $0.57 for Q2 2024, versus $124 million and $0.59 in Q1 2024 and $133 million and $0.64 in Q2 2023.
Operating net income was $140 million and operating EPS was $0.67, versus $0.65 in Q1 2024 and $0.81 in Q2 2023.
Net interest income rose $4 million to $427 million, while non-interest income fell $6 million to $45 million.
Provision for credit losses was $32 million, up from $17 million in Q1 2024.
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