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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments654248278343224175188
Cash and cash equivalents654248278343224175188
Disposal group, including discontinued operation      1
Total current assets:654248278343224175189
Noncurrent Assets
Operating lease, right-of-use asset 57
Property, plant and equipment162165169169150164172
Intangible assets, net (including goodwill)793801812824400406413
Goodwill766766766766383383383
Intangible assets, net (excluding goodwill)27354658182430
Total noncurrent assets:9551,024981994551571585
Other undisclosed assets14,97612,80811,83711,3818,7358,2067,804
TOTAL ASSETS:16,58514,08013,09512,7179,5108,9528,579
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt7464617981100105
Total current liabilities:7464617981100105
Noncurrent Liabilities
Other undisclosed liabilities14,16311,85511,00010,6888,1787,6107,246
Total liabilities:14,23711,92011,06110,7678,2597,7107,351
Stockholders' equity
Stockholders' equity attributable to parent2,3482,1602,0341,9501,2511,2421,228
Preferred stock    222
Common stock1,6611,6511,6421,635996990986
Treasury stock, value(71)(51)     
Accumulated other comprehensive income (loss)18240(35)(22)(19)(6)6
Retained earnings575520427337272256234
Total stockholders' equity:2,3482,1602,0341,9501,2511,2421,228
TOTAL LIABILITIES AND EQUITY:16,58514,08013,09512,7179,5108,9528,579

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues518530497409375400372
Net investment income518530497375338329308
Financial services revenue35377164
Cost of revenue(78)(3)(15)(9)(11)(9)(7)
Provision for loan, lease, and other losses(78)(3)(15)
Financial services costs(9)(11)(9)(7)
Gross profit:440526482401364391365
Operating expenses(72)(81)(80)(240)(213)(216)(217)
Operating income:368446402161151175148
Nonoperating income66655411
Gains on sales of other real estate      6
Bank owned life insurance income6665544
Interest and debt expense(18)(37)(18)(7)(4)(4)(4)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(164)(174)(178)18(2)(34)(37)
Income from continuing operations before income taxes:192242212178150142118
Income tax expense(38)(47)(39)(65)(45)(43)(36)
Net income available to common stockholders, basic:1541941731131059982
Other undisclosed net loss available to common stockholders, diluted(1)(2)(2)(2)(2)(1)(1)
Net income available to common stockholders, diluted:1541931711111039881

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1541941731131059982
Other comprehensive income (loss)14276(13)1(13)(12)18
Comprehensive income, net of tax, attributable to parent:296270160114928799

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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