Columbia Banking System anticipates its net interest margin will move beyond 4% this year, while planning $150 million to $200 million in share repurchases for the third quarter. CEO Clint Stein said the company exceeded cost-saving targets from the Pac Premier acquisition and returned over $300 million to shareholders during the second quarter. CFO Ivan Seda reported earnings per share of $0.73 and operating EPS of $0.76, with net interest margin at 3.93%, and guided for noninterest revenue in the mid-$80 million range and noninterest expense between $330 million and $335 million for the third quarter. Net loans contracted to $47.2 billion from $47.7 billion amid elevated commercial real estate payoff activity, while new loan origination volume reached $1.3 billion. The company repurchased 6.6 million common shares for approximately $200 million, and tangible book value increased 1% to $19.22.
Columbia Banking System IncCompany expects NIM above 4% in 2026, plans $150M-$200M Q3 buybacks, exceeded cost-saving targets, and reported operating EPS of $0.76.