Columbia Banking posts Q3 2026 earnings beat and authorizes $1.2 billion share repurchase
+3 new sources since this summary was written
Columbia Banking System reported third‑quarter 2026 net interest income of $615 million and a net interest margin of 4.11%, up 18 basis points sequentially. Total revenue was $695 million, a 19% year‑over‑year increase, and net income rose to $220 million, yielding adjusted earnings per share of $0.82. The board completed its prior $199 million buyback and authorized a new $1.2 billion share repurchase program with no expiration date.
Why it matters
The earnings beat and higher‑margin performance may reinforce investor confidence, while the new $1.2 billion buyback provides additional upside potential for shareholders, according to the company’s announcement.
Key facts
- 1Net interest income was $615 million for Q3 2026, up $26 million from the prior quarter. prnewswire.com
- 2Net interest margin was 4.11% for Q3 2026, up 18 basis points from the prior quarter. prnewswire.com
- 3Total revenue was $695 million, up 19% year‑over‑year from $582 million in Q3 2025. investing.com
- 4Net income was $220 million, or $0.78 per diluted share. sec.gov
- 5Adjusted earnings per share were $0.82, beating analyst estimates of $0.77. investing.com
- 6The board authorized a new share repurchase program of up to $1.2 billion of common stock. sec.gov
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.