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AI brief of an SEC Form 8-K · Columbia Banking System (COLB)

Columbia Banking System Q1 net income falls to $192 million, EPS $0.66 from $0.72

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyColumbia Banking System (COLB)
Form8-K, current report
Filed with the SECApr 23, 2026, 4:13 PM ET
Accession number0000887343-26-000132

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.