Columbia Banking System reported third‑quarter 2025 results, posting net income of $96 million, or $0.40 per diluted share, and operating earnings of $0.85 per diluted share. Net interest income rose to $505 million, giving a net interest margin of 3.84%.
The results reflect the ongoing integration of Pacific Premier Bancorp, which closed on August 31 2025. Combined assets now total $67.5 billion, with loans and leases of $48.5 billion and deposits of $55.8 billion. Columbia authorized a share‑repurchase program of up to $700 million to return excess capital to shareholders. The company also announced that CFO Ron Farnsworth will step down and that Ivan Seda will assume the role.
Credit quality remained stable, with net charge‑offs at 0.22 % of average loans and a provision for credit losses of $70 million, largely driven by acquisition‑related items. Deposits grew by $14 billion, driven by organic customer growth and a reduction in brokered deposits. The bank’s capital ratios stayed strong, with a CET1 ratio of 11.6 % and a total risk‑based capital ratio of 13.4 %.
Operating expenses increased by $115 million compared with the prior quarter, primarily due to a $87 million merger and restructuring expense and one month of operating as a combined company. The efficiency ratio for the quarter was 67.3 %, higher than the analyst estimate of 50.8 %.
The company’s net income and operating earnings beat analyst expectations of $0.35 and $0.69 per diluted share, respectively, reflecting stronger-than‑expected revenue and margin expansion driven by a favorable shift in the funding mix and lower funding costs.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.