Columbia Banking System, Inc. Reports Third Quarter 2026 Results and Authorizes $1.2 Billion Share Repurchase Program

Columbia Banking System, Inc. reported third-quarter 2026 revenue of $695 million and adjusted earnings per share of $0.82, exceeding FactSet consensus estimates. The Board of Directors authorized a $1.2 billion share repurchase program, indicating confidence in the company's long-term strategy. Additionally, the company opened two new depository locations in Utah, closed four branches, and issued $250 million in subordinated notes in September 2026 to enhance its capital structure.