)
Overview
<ul>
<li>US regional bank’s Q1 net income rose 121% yr/yr, EPS up 61%</li>
<li>Net interest income and margin declined from prior quarter due to lower average earning assets</li>
<li>Company repurchased $200 mln of common stock in Q1</li>
</ul>
Outlook
<ul>
<li>Columbia expects to realize all previously disclosed Pacific Premier cost savings by June 30, 2026</li>
<li>Company says balance sheet optimization and commercial loan growth position it for attractive returns</li>
<li>Columbia remains focused on reducing brokered deposits and deepening customer relationships</li>
</ul>
Result Drivers
<ul>
<li>NET INTEREST INCOME DECLINE - Lower net interest income driven by absence of prior quarter’s one-off benefits and reduced average interest-earning assets</li>
<li>NON-INTEREST INCOME DROP - Decrease in non-interest income due to lower swap, syndication, and international banking revenue and seasonal slowdown in customer activity</li>
<li>EXPENSE REDUCTION - Lower non-interest expense from reduced merger costs and acquisition-related cost savings Company press release:</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
<h3>Q1 EPS $0.66</h3>
Q1 Net $594 mln
Interest
Income
Q1 Net 3.96%
Interest
Margin
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “hold” and the breakdown of recommendations is 4 “strong buy” or “buy”, 9 “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the banks peer group is “buy.”</li>
<li>Wall Street’s median 12-month price target for Columbia Banking System Inc is $32.00, about 10.3% above its April 22 closing price of $29.00</li>
<li>The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</li>
</ul>

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Columbia Banking

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SPDR S&P Region Bank

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Pacific Premier Bancorp

Columbia Banking Q1 net income jumps 121%