Columbia Banking System, Inc. (COLB) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments825654248278343224175
Cash and cash equivalents825654248278343224175
Total current assets:825654248278343224175
Noncurrent Assets
Operating lease, right-of-use asset  57
Property, plant and equipment172162165169169150164
Intangible assets, net (including goodwill)858793801812824400406
Goodwill823766766766766383383
Intangible assets, net (excluding goodwill)35273546581824
Total noncurrent assets:1,0309551,024981994551571
Other undisclosed assets19,09114,97612,80811,83711,3818,7358,206
TOTAL ASSETS:20,94516,58514,08013,09512,7179,5108,952
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt867464617981100
Total current liabilities:867464617981100
Noncurrent Liabilities
Other undisclosed liabilities18,27114,16311,85511,00010,6888,1787,610
Total liabilities:18,35714,23711,92011,06110,7678,2597,710
Stockholders' equity
Stockholders' equity attributable to parent2,5892,3482,1602,0341,9501,2511,242
Preferred stock     22
Common stock1,9301,6611,6511,6421,635996990
Treasury stock, value(71)(71)(51)    
Accumulated other comprehensive income (loss)3518240(35)(22)(19)(6)
Retained earnings694575520427337272256
Total stockholders' equity:2,5892,3482,1602,0341,9501,2511,242
TOTAL LIABILITIES AND EQUITY:20,94516,58514,08013,09512,7179,5108,952

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues536518530497409375400
Net investment income536518530497375338329
Financial services revenue353771
Cost of revenue(5)(78)(3)(15)(9)(11)(9)
Provision for loan, lease, and other losses(5)(78)(3)(15)
Financial services costs(9)(11)(9)
Gross profit:531440526482401364391
Operating expenses(94)(72)(81)(80)(240)(213)(216)
Operating income:438368446402161151175
Nonoperating income7666554
Bank owned life insurance income7666554
Interest and debt expense(9)(18)(37)(18)(7)(4)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(179)(164)(174)(178)18(2)(34)
Income from continuing operations before income taxes:257192242212178150142
Income tax expense(54)(38)(47)(39)(65)(45)(43)
Net income available to common stockholders, basic:20315419417311310599
Other undisclosed net loss available to common stockholders, diluted(0)(1)(2)(2)(2)(2)(1)
Net income available to common stockholders, diluted:20215419317111110398

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:20315419417311310599
Other comprehensive income (loss)(147)14276(13)1(13)(12)
Comprehensive income, net of tax, attributable to parent:562962701601149287

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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