COLUMBIA BANKING SYSTEM, INC.

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

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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

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Contents

Consolidated Statements of Income

dollars in millions, except per share amounts, shares in thousands)	2025	2024	2023
INTEREST INCOME
Interest and fees on loans and leases	$2,458	$2,320	$2,114
Interest and dividends on investment securities:
Taxable	340	305	277
Exempt from federal income tax	34	28	24
Dividends	13	12	13
Interest on temporary investments and interest-bearing deposits	71	90	111
Total interest income	2,916	2,755	2,539
INTEREST EXPENSE
Interest on deposits	747	803	462
Interest on securities sold under agreement to repurchase and federal funds purchased	4	5	3
Interest on borrowings	128	190	243
Interest on junior and other subordinated debentures	34	39	38
Total interest expense	913	1,037	746
Net interest income	2,003	1,718	1,793
PROVISION FOR CREDIT LOSSES	150	106	213
Net interest income after provision for credit losses	1,853	1,612	1,580
NON-INTEREST INCOME
Service charges on deposits	84	72	66
Card-based fees	58	57	55
Financial services and trust revenue	35	20	13
Residential mortgage banking revenue, net	31	24	17
Gain on investment securities, net	6	—	2
Gain (loss) on loan and lease sales, net	1	(3)	4
Gain (loss) on certain loans held for investment, at fair value	11	(10)	3
Bank-owned life insurance income	25	19	16
Other income	47	32	28
Total non-interest income	298	211	204
NON-INTEREST EXPENSE
Salaries and employee benefits	672	589	616
Occupancy and equipment, net	216	182	183
Communications	14	14	16
Marketing	15	11	11
Services	57	53	53
Deposit costs	24	8	7
FDIC assessments	28	42	71
Intangible amortization	127	119	111
Merger and restructuring expense	148	24	172
Legal settlement	55	—	—
Other expenses	67	62	73
Total non-interest expense	1,423	1,104	1,313
Income before provision for income taxes	728	719	471
Provision for income taxes	178	185	122
Net income	$550	$534	$349
Earnings per common share:
Basic	$2.31	$2.56	$1.79
Diluted	$2.30	$2.55	$1.78
Weighted average number of common shares outstanding:
Basic	238,022	208,463	195,304
Diluted	239,121	209,337	195,871

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.