Is Columbia Banking System, Inc. (NASDAQ:COLB) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Columbia Banking System, Inc. at current levels.
Pacific Northwest's quietest bank consolidator is trading at book value while integration synergies are about to land in the P&L.
Where COLB is headed
Columbia Banking System exits 2027 as the dominant mid-cap commercial bank between Seattle and Sacramento, with roughly $75 billion in assets, a deposit base that has finally stopped bleeding after the Umpqua merger digestion, and a return on tangible equity pushing 14-15%. That is the destination. The market is pricing it like none of that will happen, at 1.12x book and 8.8x forward earnings, which is what you pay for a regional bank the market thinks is structurally broken.
Read the full Compass Direction on COLB
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $30.15).
See the full COLB analysisGet calls like this, free
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Frequently asked questions
Is Columbia Banking System, Inc. (NASDAQ:COLB) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating Columbia Banking System, Inc. at current levels. Pacific Northwest's quietest bank consolidator is trading at book value while integration synergies are about to land in the P&L.
What is COLB's Compass Score?
Columbia Banking System, Inc. scores 90/100 on Alexandria's Compass, placing it in the "True North" tier. Scores blend eight factors and update weekly.
What is the price target for COLB?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the COLB page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.