Columbia Q3 EPS $0.78, NIM 4.11%; Board Authorizes New $1.2B Buyback
COLB sits 21% above its 52-week low of $24.75.
Summary
Columbia earned $0.78 per diluted share in Q3 2026 on a 4.11% net interest margin and authorized a new $1.2 billion share repurchase program after completing the prior plan.
Key Events · Earnings and Guidance · COLB
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Q3 Earnings Beat Prior Quarter
Net income came in at $220 million and diluted EPS at $0.78, up from $208 million and $0.73 in Q2 2026; operating EPS was $0.82.
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Margin Expands 18 Basis Points
Net interest margin rose to 4.11% from 3.93%, helped by higher loan and securities yields and a shift from wholesale funding into customer deposits.
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New $1.2 Billion Buyback Authorized
The board approved repurchases of up to $1.2 billion of common stock with no expiration date, after the prior plan was completed with 23.3 million shares bought at an average $29.88.
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Book Value Drops on Securities Losses
Book value per share fell to $25.62 from $26.70 and tangible book value to $18.10 from $19.22 as accumulated other comprehensive loss widened to $708 million.
Analysis · COLB · Finance
The margin story is working: net interest margin rose 18 basis points to 4.11% and net income climbed to $220 million from $208 million, lifting diluted EPS to $0.78 from $0.73. For holders, the bigger news is capital return — the prior buyback is finished (23.3 million shares at an average $29.88, 7.8% of shares outstanding as of September 30, 2025) and the board replaced it with a fresh $1.2 billion authorization with no expiration. Against that, book value per share fell to $25.62 from $26.70 as accumulated other comprehensive loss widened to $708 million on unrealized securities losses. Credit remains a watch item, too: provision expense rose to $33 million from $27 million even as non-performing assets eased to 0.39% of assets.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.3% of the 1526 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, COLB was trading at $30.02 on NASDAQ in the Finance sector, with a market capitalization of approximately $8.5B. The 52-week trading range was $24.75 to $33.68. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.