Trade Columbia Banking System Inc - COLB CFD

Columbia Banking Company profile

About Columbia Banking System Inc

Columbia Banking System, Inc. is the holding company of Columbia State Bank (Columbia Bank). The Company provides a range of banking services to small and medium-sized businesses, professionals and individuals throughout Washington, Oregon and Idaho. It offers its personal banking customers an assortment of account products including noninterest and interest-bearing checking, savings, money market and certificate of deposit accounts. It also offers a variety of checking, savings, interest-bearing money market and certificate of deposit accounts to business banking customers. In addition to these core banking products, it also provides debit and credit cards, business loans, professional banking, treasury management, merchant card services, and international banking. The Company offers tailored solutions to individuals, families and professional businesses in the areas of financial services and private banking, as well as trust and investment services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Columbia Banking System Inc interest income increased 4% to $536.1M. Net interest income after loan loss provision increased 24% to $522.7M. Net income applicable to common stockholders increased 32% to $202.5M. Net interest income after loan loss provision reflects Taxable Securities increase of 32% to $107.6M, Tax-exempt securities increase of 23% to $11.7M.

Equity composition

Common Stock no Par, 01/11, 63,033,000 auth., 39,335,364 issd. Insiders own 1.87%. IPO: 6/92, 550K shares @ $8.875 by DainBosworth, Inc. PO 10/96, 1,492,000 shs. @ $15.50 by Alex Brown & Sons Inc. Preferred Stock no Par, 2M auth., 77,000 issd. *8/96, Co.converted Conv. Sub. Notes into 255K shs. of Common.