Columbia Banking System Closes Pacific Premier Acquisition and Authorizes $700 Million Share Buyback

Columbia Banking System, Inc. reported third quarter 2025 results highlighted by the completion of its strategic acquisition of Pacific Premier Bancorp, Inc. on August 31, 2025. This acquisition elevated Columbia to a top-10 deposit market share position in Southern California and completed its Western U.S. footprint. For the quarter, Columbia posted net income of $96 million and operating net income of $204 million. Diluted earnings per common share were $0.40, with operating earnings per share at $0.85. Net interest income increased by $59 million from the prior quarter, driven by a month of combined company operations and a favorable shift toward lower-cost funding sources. The company also announced a $700 million share repurchase authorization, underscoring confidence in its strategy and capital generation outlook. Integration efforts are progressing smoothly, with full systems integration expected in the first quarter of 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Columbia Banking System Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000887343-25-000262), on October 30, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here