Columbia Banking System Inc (OQ:COLB)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1301 a St TACOMA WA 98402 |
| Tel: | N/A |
| Website: | https://www.columbiabank.com |
| IR: | See website |
| Key People | ||
| Cort L. O'Haver Executive Chairman of the Board | Kumi Y. Baruffi General Counsel, Corporate Secretary and Executive Vice President, General Counsel and Corporate Secretary - Umpqua Bank | Clint E. Stein President, Chief Executive Officer, Director |
| Ronald L. Farnsworth Chief Financial Officer, Executive Vice President, Chief Financial Officer - Umpqua Bank | Sheri Burns Chief Human Resource Officer and Executive Vice President, Chief Human Resources Officer - Umpqua Bank | Christopher M. Merrywell Senior Executive Vice President and President of Consumer Banking - Umpqua Bank |
| Torran B. Nixon Senior Executive Vice President, President of Commercial Banking - Umpqua Bank | Drew Anderson Chief Administrative Officer and Executive Vice President, Chief Administrative Officer - Umpqua Bank | David Moore Devine Chief Marketing Officer and Executive Vice President, Chief Marketing Officer - Umpqua Bank | Lisa K. Dow Chief Risk Officer and Executive Vice President, Chief Risk Officer - Umpqua Bank |
| Business Overview |
| Columbia Banking System, Inc. is the bank holding company for Umpqua Bank (the Bank). Through the Bank, the Company provides a broad range of banking, private banking, mortgage, and other financial services to corporate, institutional, small business, and individual customers. The bank offers specialized loans for corporate, middle market, and small business customers, including commercial lines of credit and term loans, and others. It offers deposit products, including non-interest-bearing checking accounts, analyzed business accounts, interest-bearing checking and savings accounts, money market accounts, insured cash sweep and other investment sweep solutions. The Bank also provides loans to individual borrowers for a variety of purposes, including secured and unsecured personal loans, home equity and personal lines of credit, and motor vehicle loans. The Bank primarily operates in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington State. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Columbia Banking System Inc interest income increased from $646.5M to $2.54B. Net interest income after loan loss provision increased from $620.9M to $1.58B. Net income applicable to common stockholders increased 39% to $348.7M. Net interest income after loan loss provision reflects Commercial and consumer banking segment increase from $0K to $1.58B, Net Interest Margin, Total -% increase of 8% to 3.91%. |
| Employees: | 5,114 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,839M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,539M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,107M as of Dec 31, 2023 |
| Net annual income (TTM): | $348.72M as of Dec 31, 2023 |
| Free cash flow (TTM): | $396.07M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $177.96M as of Dec 31, 2023 |
| Shares outstanding: | 209,311,089 as of Mar 11, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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