Columbia Banking System reported third-quarter 2026 net income of $220 million and diluted earnings per share of $0.78. The company also announced that its Board of Directors authorized a new $1.2 billion common stock repurchase program, completing the previous plan which returned over $1 billion to shareholders in the past year. Additionally, Columbia Bank issued $250 million in subordinated notes due 2036 to redeem approximately $240 million in junior subordinated debentures. The firm operates as a regional bank providing retail and commercial banking services across the western United States.
