Filing Flows › Columbia Banking System (COLB) › Q3 2026
Columbia Banking System (COLB) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Columbia Banking System (COLB) reported revenue of $695M for the third quarter 2026 (Q3 2026), +19% from a year earlier and +3% from the quarter before. Operating margin was 42.0%, net earnings $220M (31.7% of revenue).
Columbia Banking System, Q3 2026: revenue $695M (+19% year over year), operating margin 42.0%, net earnings $220M, operating cash flow $365M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $695M | +3% | +19% |
| Operating profit | $292M | +6% | +145% |
| Net earnings | $220M | +6% | +129% |
| Operating cash flow | $365M | +24% | +55% |
What changed
Revenue was $695.0M in Q3 2026, up 19% year over year and up 3% from the previous quarter. Net interest income was the largest line at 88% of revenue. Net interest income added $110.0M year over year (up 22%), 97% of the total change.
Operating profit was $292.0M, a 42.0% margin (up 21.6 points year over year). Of the extra revenue versus a year earlier, 153% reached operating profit, above the 20% margin then. Total costs fell 13% while revenue rose 19%. Net earnings were $220.0M, up 129% year over year. The effective tax rate was 24.7%.
Operating cash flow was $365.0M (up 55% year over year), 166% of net earnings. Non-cash charges added back $23.0M of depreciation and amortization and $10.0M of share-based compensation. Working capital and other items added $112.0M.
Questions
What was Columbia Banking System's revenue in the third quarter 2026?
Columbia Banking System (COLB) reported revenue of $695M for the third quarter 2026 (Q3 2026), +19% from a year earlier and +3% from the quarter before.
Was Columbia Banking System profitable in the third quarter 2026?
Operating profit was $292M (42.0% of revenue) and net earnings $220M.