---
title: "Columbia Banking Q1 net income jumps 121%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283886036.md"
datetime: "2026-04-23T20:12:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283886036.md)
  - [en](https://longbridge.com/en/news/283886036.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283886036.md)
---

# Columbia Banking Q1 net income jumps 121%

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Overview

-   US regional bank’s Q1 net income rose 121% yr/yr, EPS up 61%
-   Net interest income and margin declined from prior quarter due to lower average earning assets
-   Company repurchased $200 mln of common stock in Q1

Outlook

-   Columbia expects to realize all previously disclosed Pacific Premier cost savings by June 30, 2026
-   Company says balance sheet optimization and commercial loan growth position it for attractive returns
-   Columbia remains focused on reducing brokered deposits and deepening customer relationships

Result Drivers

-   NET INTEREST INCOME DECLINE - Lower net interest income driven by absence of prior quarter’s one-off benefits and reduced average interest-earning assets
-   NON-INTEREST INCOME DROP - Decrease in non-interest income due to lower swap, syndication, and international banking revenue and seasonal slowdown in customer activity
-   EXPENSE REDUCTION - Lower non-interest expense from reduced merger costs and acquisition-related cost savings Company press release:

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

### Q1 EPS $0.66

Q1 Net $594 mln

Interest

Income

Q1 Net 3.96%

Interest

Margin

Analyst Coverage

-   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”
-   The average consensus recommendation for the banks peer group is “buy.”
-   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
-   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.)

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