Quarterly ResultMay 5, 2026, 04:40 PM
Columbia Banking Q1 Net Income $192M, EPS $0.66; Pacific Premier Impact
AI Summary
Columbia Banking System, Inc. reported a significant increase in net income to $192 million and diluted EPS to $0.66 for Q1 2026, up from $87 million and $0.41 respectively in Q1 2025. This growth was largely influenced by the acquisition of Pacific Premier in August 2025, which is fully reflected in the current quarter's results. Net interest income also saw a substantial rise to $594 million. However, the company experienced an increase in unrealized losses on available-for-sale debt securities, reaching $410 million, and a slight decrease in total assets and deposits quarter-over-quarter.
Key Highlights
- Net income surged to $192M in Q1 2026 from $87M in Q1 2025.
- Diluted EPS increased to $0.66 in Q1 2026 from $0.41 in Q1 2025.
- Net interest income grew to $594M in Q1 2026, up from $425M in Q1 2025.
- Total non-interest income rose to $83M in Q1 2026 from $66M in Q1 2025.
- Total non-interest expense increased to $394M in Q1 2026 from $340M.
- Unrealized losses on debt securities grew to $410M from $380M.
- Allowance for credit losses decreased to $478M from $485M.
- Repurchased $215M of common stock in Q1 2026.