Columbia Banking System, Inc. (COLB) financial statements (2020 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments248278343224175188180
Cash and cash equivalents248278343224175188180
Disposal group, including discontinued operation     1 
Total current assets:248278343224175189180
Noncurrent Assets
Operating lease, right-of-use asset57
Property, plant and equipment165169169150164172155
Intangible assets, net (including goodwill)801812824400406413370
Goodwill766766766383383383344
Intangible assets, net (excluding goodwill)35465818243026
Total noncurrent assets:1,024981994551571585525
Other undisclosed assets12,80811,83711,3818,7358,2067,8046,457
TOTAL ASSETS:14,08013,09512,7179,5108,9528,5797,162
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt64617981100105 
Total current liabilities:64617981100105 
Noncurrent Liabilities
Other undisclosed liabilities11,85511,00010,6888,1787,6107,2466,108
Total liabilities:11,92011,06110,7678,2597,7107,3516,108
Stockholders' equity
Stockholders' equity attributable to parent2,1602,0341,9501,2511,2421,2281,053
Preferred stock   2222
Common stock1,6511,6421,635996990986861
Treasury stock, value(51)      
Accumulated other comprehensive income (loss)40(35)(22)(19)(6)6(12)
Retained earnings520427337272256234203
Total stockholders' equity:2,1602,0341,9501,2511,2421,2281,053
TOTAL LIABILITIES AND EQUITY:14,08013,09512,7179,5108,9528,5797,162

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues530497409375400372 
Net investment income530497375338329308 
Financial services revenue35377164 
Cost of revenue(3)(15)(9)(11)(9)(7) 
Provision for loan, lease, and other losses(3)(15)
Financial services costs(9)(11)(9)(7) 
Gross profit:526482401364391365 
Operating expenses(81)(80)(240)(213)(216)(217)(156)
Operating income (loss):446402161151175148(156)
Nonoperating income665541114
Gains on sales of other real estate     611
Bank owned life insurance income6655444
Interest and debt expense(37)(18)(7)(4)(4)(4)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(174)(178)18(2)(34)(37)234
Income from continuing operations before income taxes:24221217815014211887
Income tax expense(47)(39)(65)(45)(43)(36)(27)
Net income available to common stockholders, basic:194173113105998260
Other undisclosed net loss available to common stockholders, diluted(2)(2)(2)(2)(1)(1)(1)
Net income available to common stockholders, diluted:193171111103988159

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:194173113105998260
Other comprehensive income (loss)76(13)1(13)(12)18(32)
Comprehensive income, net of tax, attributable to parent:27016011492879928

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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