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Columbia Banking System vs SouthState Bank: COLB and SSB compared
Columbia Banking System is the larger company: $695M of revenue in its latest quarter (Q3 2026) against $685M for SouthState Bank (Q3 2026). Columbia Banking System is growing faster (+19% against -2% a year earlier). SouthState Bank is more profitable, with an operating margin of 42.4% against 42.0%.
Where the money goes: COLB and SSB
Columbia Banking System (COLB) · Q3 2026
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.
SouthState Bank (SSB) · Q3 2026
SouthState Bank, Q3 2026: revenue $685M (-2% year over year), operating margin 42.4%, net earnings $224M, operating cash flow $760M. The chart follows the revenue to costs, profit and cash.
| Columbia Banking System (COLB) | SouthState Bank (SSB) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $695M | $685M |
| Revenue growth, Y/Y | +19% | -2% |
| Operating margin | 42.0% | 42.4% |
| Net earnings | $220M | $224M |
| Net margin | 31.7% | 32.7% |
| Operating cash flow | $365M | $760M |
| Free cash flow | — | $739M |
| Market value | $8.7B | $10.2B |
| P/E | 10.4× | 11.1× |
| Analysts’ mean target | $33.80 | $119.64 |
Where the revenue comes from
Columbia Banking System
- Net interest income: $615M (88%)
- Noninterest income: $80.0M (12%)
SouthState Bank
- Net interest income: $592M (86%)
- Noninterest income: $93.9M (14%)
Questions
Which is bigger, Columbia Banking System or SouthState Bank?
Columbia Banking System is the larger company: $695M of revenue in its latest quarter (Q3 2026) against $685M for SouthState Bank (Q3 2026).
Is Columbia Banking System or SouthState Bank growing faster?
Columbia Banking System is growing faster (+19% against -2% a year earlier).
Which is more profitable, Columbia Banking System or SouthState Bank?
SouthState Bank is more profitable, with an operating margin of 42.4% against 42.0%.
More: Columbia Banking System earnings · how Columbia Banking System makes money · SouthState Bank earnings · how SouthState Bank makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.