COLUMBIA BANKING SYSTEM, INC.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
COLB$30.85-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flow
| COLUMBIA BANKING SYSTEM, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS For the Years Ended December 31, 2025, 2024, and 2023 | |||
|---|---|---|---|
| (in millions) | 2025 | 2024 | 2023 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income | $550 | $534 | $349 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Deferred income tax expense | 54 | 31 | 13 |
| Accretion of investment discounts, net | (92) | (78) | (68) |
| Provision for credit losses | 150 | 106 | 213 |
| Change in cash surrender value of bank-owned life insurance | (26) | (19) | (16) |
| Depreciation, amortization and accretion, net | 141 | 150 | 144 |
| Gain on sale of premises and equipment | (7) | (3) | (31) |
| Additions to residential mortgage servicing rights carried at fair value | (7) | (6) | (5) |
| Change in fair value of residential mortgage servicing rights carried at fair value | 16 | 7 | 24 |
| Stock-based compensation | 33 | 20 | 18 |
| Net increase in equity and other investments | (12) | (2) | (1) |
| Gain on investment securities, net | (6) | — | (2) |
| Gain on sale of loans and leases, net | (15) | (5) | (10) |
| Change in fair value of loans held for sale | 15 | — | — |
| Origination of loans held for sale | (642) | (564) | (442) |
| Proceeds from sales of loans held for sale | 748 | 528 | 603 |
| Change in other assets and liabilities: | |||
| Net decrease (increase) in other assets | 75 | (38) | (24) |
| Net decrease in other liabilities | (229) | (2) | (95) |
| Net cash provided by operating activities | 746 | 659 | 670 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Purchases of investment securities available for sale | (2,402) | (70) | (926) |
| Proceeds from investment securities available for sale | 2,771 | 552 | 1,695 |
| Purchases of restricted equity securities | (301) | (144) | (291) |
| Redemption of restricted equity securities | 390 | 173 | 261 |
| Net change in loans and leases | 745 | (517) | (1,335) |
| Proceeds from sales of loans and leases | 138 | 146 | 748 |
| Purchases of premises and equipment, net of proceeds from sales | (40) | (36) | 41 |
| Proceeds from bank-owned life insurance death benefits | 9 | 6 | 5 |
| Purchase of bank-owned life insurance | (16) | — | (28) |
| Proceeds from sale of mortgage servicing rights | — | — | 57 |
| Cash received in an acquisition | 874 | — | 274 |
| Other | 4 | 4 | 1 |
| Net cash provided by investing activities | 2,172 | 114 | 502 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Net (decrease) increase in deposit liabilities | (2,035) | 114 | (651) |
| Net decrease in federal funds purchased | — | — | (14) |
| Net decrease in securities sold under agreements to repurchase | (30) | (16) | (127) |
| Proceeds from borrowings | 11,675 | 4,900 | 17,350 |
| Repayment of borrowings | (11,575) | (5,750) | (16,587) |
| Repayment of subordinated debentures | (10) | — | — |
| Net proceeds from issuance of common stock under ESPP | 3 | — | 1 |
| Dividends paid on common stock | (335) | (300) | (270) |
| Repurchase and retirement of common stock | (109) | (6) | (6) |
| Net cash used in financing activities | (2,416) | (1,058) | (304) |
| Net increase (decrease) in cash and cash equivalents | 502 | (285) | 868 |
| Cash and cash equivalents, beginning of period | 1,878 | 2,163 | 1,295 |
| Cash and cash equivalents, end of period | $2,380 | $1,878 | $2,163 |
| COLUMBIA BANKING SYSTEM, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS For the Years Ended December 31, 2025, 2024, and 2023 (Continued) | |||
|---|---|---|---|
| (in millions) | 2025 | 2024 | 2023 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
| Cash paid during the period for: | |||
| Interest | $930 | $1,078 | $693 |
| Income taxes | $123 | $101 | $139 |
| SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES: | |||
| Changes in unrealized gains and losses on investment securities available for sale, net of taxes | $234 | $(112) | $81 |
| Changes in unrealized gains and losses on junior subordinated debentures carried at fair value, net of taxes | $(5) | $(11) | $6 |
| Transfer of loans held for investment to loans held for sale | $295 | $— | $118 |
| Transfer of loans held for sale to loans held for investment | $13 | $3 | $6 |
| Acquisitions: | |||
| Assets acquired | $16,611 | $— | $19,231 |
| Liabilities assumed | (14,709) | — | (17,921) |
| Net assets acquired | $1,902 | $— | $1,310 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.