Columbia Banking Announces $1.2 Billion Share Repurchase Program and Improved Net Interest Margins
During its third-quarter 2026 earnings call, Columbia Banking (COLB) announced a new multiyear share repurchase program authorized by the board of directors totaling $1.2 billion. This follows a previous buyback plan that successfully reduced the company's outstanding share count by 8%. The bank reported significant progress in strengthening its balance sheet by replacing $1.5 billion in high-cost wholesale funding with core customer deposits. This shift has expanded net interest margins and improved overall profitability. Additionally, the company is focusing on full commercial relationships to drive noninterest fee income through services like treasury management. With 11 consecutive quarters of predictable financial performance, Columbia Banking aims to leverage its growing deposit base and expanding market share across Western states to continue delivering shareholder value.
Tickers: $COLB
Topics: commercial loans earnings call net interest margin stock buyback wholesale funding
Read the full article at Motley Fool
Part of the story Dominari Holdings Executes $3.4 Million of $5 Million Share Repurchase Program (11 articles)