How many shares did Columbia repurchase in Q2 2026?

Columbia repurchased 6.6 million common shares at an average price of $29.93 per share, totaling $199 million. This represented 2.3% of the company's outstanding common shares as of June 30, 2026.

Was this repurchase part of a newly authorized plan?

No, the filing indicates this was executed under Columbia's 'current repurchase plan,' suggesting an existing authorization. The filing does not disclose details of the original authorization, the authorization amount, or the remaining authorization balance.

How does the buyback relate to Columbia's dividend policy?

Columbia combines share repurchases with regular quarterly cash dividends. In Q2 2026, the company declared a $0.37 dividend per share while simultaneously executing the $199 million buyback, demonstrating a balanced capital return strategy.

What was the impact on Columbia's per-share metrics?

The 2.3% reduction in share count helped support per-share metrics. Book value per share increased from $26.47 to $26.70 sequentially, while tangible book value per share rose from $19.03 to $19.22, reflecting both buyback accretion and earnings growth.

Did Columbia have sufficient capital to support the buyback?

Yes. As of June 30, 2026, Columbia maintained an estimated total risk-based capital ratio of 13.4% and a common equity tier 1 ratio of 11.6%, both above current regulatory well-capitalized minimums, providing capacity for capital returns.

COLB 8-K Filed 2026-07-23 New authorization

Columbia Banking repurchased $199M in Q2 2026

Bank executed 6.6M shares at $29.93 average under ongoing program during second quarter

Authorization$199M

MechanismRule 10b-18 open-market purcha

What the filing says

Columbia Banking System repurchased $199 million of common stock during the second quarter of 2026 under its current repurchase plan. The buyback comprised 6.6 million common shares at an average price of $29.93 per share, representing 2.3% of outstanding common shares as of the end of the quarter.

The repurchase was conducted in the context of the company's broader capital return strategy, which includes a quarterly cash dividend of $0.37 per common share declared in May 2026. As of June 30, 2026, Columbia maintained capital ratios above regulatory well-capitalized minimums, with an estimated total risk-based capital ratio of 13.4% and a common equity tier 1 risk-based capital ratio of 11.6%.

The company noted in its earnings release that the repurchase activity contributed to balance sheet optimization during the quarter. Book value per common share increased to $26.70 from $26.47 in the prior quarter, while tangible book value per share rose to $19.22 from $19.03, reflecting both the buyback activity and earnings accretion.

execution

Repurchased $199 million of common stock under our current repurchase plan. — COLUMBIA BANKING SYSTEM, INC. 8-K filing · View on SEC EDGAR →

What this means

Columbia's $199 million share repurchase in Q2 2026 reduced the outstanding share count by 2.3%, supporting per-share metrics at a time when the company is generating solid earnings. The execution at $29.93 per share occurred while the company maintained strong capital ratios and continued dividend payments of $0.37 per share per quarter. The buyback reflects disciplined capital allocation, with the company balancing shareholder returns through both dividends and repurchases alongside organic reinvestment and the integration of its August 2025 Pacific Premier acquisition. The filing does not disclose the original authorization amount or remaining authorization for this repurchase plan.

Frequently asked questions

How many shares did Columbia repurchase in Q2 2026?: Columbia repurchased 6.6 million common shares at an average price of $29.93 per share, totaling $199 million. This represented 2.3% of the company's outstanding common shares as of June 30, 2026.
Was this repurchase part of a newly authorized plan?: No, the filing indicates this was executed under Columbia's 'current repurchase plan,' suggesting an existing authorization. The filing does not disclose details of the original authorization, the authorization amount, or the remaining authorization balance.
How does the buyback relate to Columbia's dividend policy?: Columbia combines share repurchases with regular quarterly cash dividends. In Q2 2026, the company declared a $0.37 dividend per share while simultaneously executing the $199 million buyback, demonstrating a balanced capital return strategy.
What was the impact on Columbia's per-share metrics?: The 2.3% reduction in share count helped support per-share metrics. Book value per share increased from $26.47 to $26.70 sequentially, while tangible book value per share rose from $19.03 to $19.22, reflecting both buyback accretion and earnings growth.
Did Columbia have sufficient capital to support the buyback?: Yes. As of June 30, 2026, Columbia maintained an estimated total risk-based capital ratio of 13.4% and a common equity tier 1 ratio of 11.6%, both above current regulatory well-capitalized minimums, providing capacity for capital returns.

execution Q2-2026 regional-bank capital-return rule-10b-18

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.