Columbia Banking System, Inc. (COLB) financial statements (2021 and earlier)

Company profile

Business Address 1301 A STREET
TACOMA, WA 98402
State of Incorp. WA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments248299259212278247269
Cash and cash equivalents248299259212278242264
Short-term investments     55
Total current assets:248299259212278247269
Noncurrent Assets
Operating lease, right-of-use asset575148 
Property, plant and equipment165165167168169170168
Intangible assets, net (including goodwill)801804806809812815818
Goodwill766766766766766766766
Intangible assets, net (excluding goodwill)35384143464952
Total noncurrent assets:1,0241,0201,022977981984986
Other undisclosed assets12,80812,43911,81111,87511,83711,72511,374
TOTAL ASSETS:14,08013,75813,09113,06413,09512,95712,629
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt64245023616246
Total current liabilities:64245023616246
Noncurrent Liabilities
Other undisclosed liabilities11,85511,57210,90710,95311,00010,91310,617
Total liabilities:11,92011,59610,95710,97611,06110,97510,664
Stockholders' equity
Stockholders' equity attributable to parent2,1602,1622,1342,0892,0341,9811,965
Common stock1,6511,6481,6451,6431,6421,6401,637
Treasury stock, value(51)(45)(22)    
Accumulated other comprehensive income (loss)4065473(35)(70)(56)
Retained earnings520494463443427411384
Total stockholders' equity:2,1602,1622,1342,0892,0341,9811,965
TOTAL LIABILITIES AND EQUITY:14,08013,75813,09113,06413,09512,95712,629

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues
(Net Investment Income)
52233348833
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(2)(0)(0)(1)(2)(3)(4)
Gross profit:520222486(0)(1)
Operating expenses(12)(24)(23)(22)(12)(22)(23)
Operating income (loss):508(22)(21)(20)474(22)(24)
Nonoperating income (expense)(0)223212
Investment income, nonoperating(2) 020(0)(0)
Bank owned life insurance income2222112
Interest and debt expense(8)(10)(10)(8)(6)(5)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(441)939381(414)8378
Income from continuing operations before income taxes:58636457555852
Income tax expense(12)(12)(12)(11)(11)(11)(10)
Net income available to common stockholders, basic:46515246454642
Other undisclosed net loss available to common stockholders, diluted(2)   (2)  
Net income available to common stockholders, diluted:45515246434642

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:46515246454642
Other comprehensive income (loss)(25)1844383500
Comprehensive income:22689684794642
Other undisclosed comprehensive loss, net of tax, attributable to parent     (14)(8)
Comprehensive income, net of tax, attributable to parent:22689684793234

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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