Estados financieros detallados de Columbia Banking System, Inc. (COLB): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Columbia Banking System, Inc. registró ingresos de $3.21B en el último ejercicio fiscal, con un CAGR de 5 años del 17.7%.
Márgenes de los últimos 12 meses: margen bruto 71.0%, margen operativo 26.8%, margen neto 20.0%. El flujo de caja libre creció a un CAGR del 53.9% en 5 años.
Al precio actual de $29.72, COLB cotiza a un P/E de 11.91 y un ROE del 9.22%. La capitalización bursátil es de $8.4B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $1.21B | $1.22B | $1.35B | $1.47B | $1.42B | $1.32B | $1.35B | $2.74B | $2.97B | $3.21B |
| Coste de Ventas | $107.7M | $125.5M | $184.4M | $283.0M | $335.0M | -$255000 | $162.0M | $959.4M | $1.14B | $1.04B |
| Beneficio Bruto | $1.10B | $1.10B | $1.16B | $1.19B | $1.09B | $1.32B | $1.19B | $1.78B | $1.82B | $2.17B |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $515.3M | $526.3M | $532.9M | $513.6M | $500.1M | $497.4M | $461.7M | $698.9M | $641.4M | $706.5M |
| Gastos Operativos | $737.4M | $748.4M | $739.5M | $719.0M | $2.55B | $760.5M | $735.0M | $1.31B | $1.10B | $1.42B |
| Beneficio Operativo | $361.0M | $349.0M | $422.7M | $468.9M | -$1.46B | $558.2M | $450.6M | $471.2M | $718.8M | $751.3M |
| EBITDA | $420.3M | $407.0M | $475.0M | $512.2M | -$1.42B | $589.7M | $478.9M | $615.5M | $868.6M | $895.3M |
| Gastos por Intereses | $66.1M | $78.2M | $128.5M | $210.4M | $130.1M | $42.4M | $78.0M | $746.2M | $1.04B | $912.5M |
| Beneficio Antes de Impuestos | $361.0M | $349.0M | $422.7M | $468.9M | -$1.46B | $558.2M | $450.6M | $471.2M | $718.8M | $728.3M |
| Impuestos | $130.9M | $106.7M | $106.4M | $114.8M | $67.0M | $137.9M | $113.8M | $122.5M | $185.1M | $178.3M |
| Beneficio Neto | $230.1M | $242.3M | $316.3M | $354.1M | -$1.52B | $420.3M | $336.8M | $348.7M | $533.7M | $550.0M |
| BPA | $1.06 | $1.12 | $1.44 | $1.61 | $-6.92 | $1.92 | $1.55 | $1.79 | $2.56 | $2.31 |
| BPA Diluido | $1.05 | $1.12 | $1.43 | $1.60 | $-6.92 | $1.91 | $1.55 | $1.78 | $2.55 | $2.30 |
| Acciones en Circulación (Diluidas) | $220.9M | $220.8M | $220.7M | $220.7M | $220.2M | $219.6M | $217.4M | $195.9M | $209.3M | $296.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $817.0M | $948.0M | $851.0M | $946.0M |
| Beneficio Bruto | $512.0M | $717.0M | $601.0M | $698.0M |
| Beneficio Operativo | $119.0M | $305.0M | $255.0M | $275.0M |
| EBITDA | $153.1M | $347.0M | $276.0M | $317.0M |
| Beneficio Neto | $96.0M | $215.0M | $192.0M | $208.0M |
| BPA | $0.40 | $0.73 | $0.66 | $0.73 |
| BPA Diluido | $0.40 | $0.72 | $0.66 | $0.73 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $1.45B | $634.3M | $622.6M | $1.36B | $2.57B | $2.76B | $1.29B | $2.16B | $1.87B | $511.0M |
| Inversiones a Corto | $2.70B | $3.07B | $2.98B | $2.81B | $2.93B | $3.87B | $3.20B | $8.83B | $211.5M | 0 |
| Cuentas por Cobrar | $1.02B | $1.25B | $1.41B | $1.56B | $1.57B | $1.58B | $1.71B | $1.73B | $1.66B | $232.0M |
| Inventario | -$920.5M | -$1.13B | -$1.28B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $5.19B | $4.98B | $5.04B | $5.77B | $7.11B | $8.25B | $6.24B | $12.72B | $3.74B | $743.0M |
| Inmovilizado Material | $303.9M | $269.2M | $227.4M | $312.2M | $283.0M | $253.5M | $254.6M | $454.8M | $459.9M | $422.0M |
| Fondo de Comercio | $1.79B | $1.79B | $1.79B | $1.79B | $2.7M | 0 | 0 | $1.03B | $1.03B | $1.48B |
| Activos Intangibles | $179.9M | $183.3M | $193.0M | $133.4M | $106.3M | $132.5M | $189.8M | $712.9M | $592.6M | $712.0M |
| Activos Totales | $24.81B | $25.74B | $26.94B | $28.85B | $29.24B | $30.64B | $31.85B | $52.17B | $51.58B | $67.22B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $352.9M | $294.3M | $297.2M | $311.3M | $375.4M | $492.2M | $308.8M | $252.1M | $236.6M | $3.45B |
| Pasivos Corrientes | $19.37B | $20.24B | $21.43B | $22.79B | $25.00B | $27.09B | $27.37B | $41.86B | $41.96B | $3.45B |
| Deuda a Largo | $1.22B | $1.18B | $1.14B | $1.27B | $1.11B | $387.5M | $1.32B | $4.37B | $3.54B | $435.0M |
| Pasivos Totales | $20.90B | $21.73B | $22.88B | $24.53B | $26.53B | $27.89B | $29.37B | $47.18B | $46.46B | $59.38B |
| Reservas | $422.8M | $477.1M | $602.5M | $770.4M | -$932.8M | -$697.3M | -$543.8M | -$467.6M | -$237.3M | -$26.0M |
| Patrimonio Neto | $3.92B | $3.97B | $4.06B | $4.31B | $2.70B | $2.75B | $2.48B | $5.00B | $5.12B | $7.84B |
| Deuda Total | $1.57B | $1.47B | $1.44B | $1.70B | $1.60B | $975.1M | $1.72B | $4.76B | $3.90B | $4.01B |
| Deuda Neta | -$2.58B | -$2.23B | -$2.16B | -$2.48B | -$3.90B | -$5.66B | -$2.77B | -$6.23B | $1.82B | $3.50B |
| Capital Circulante | -$14.19B | -$15.27B | -$16.39B | -$17.02B | -$17.89B | -$18.84B | -$21.13B | -$29.14B | -$38.21B | -$2.71B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $2.33B | $511.0M | $577.0M | $648.0M |
| Activos Totales | $67.50B | $67.22B | $66.03B | $65.38B |
| Pasivos Totales | $59.71B | $59.38B | $58.36B | $57.83B |
| Patrimonio Neto | $7.79B | $7.84B | $7.66B | $7.55B |
| Deuda Total | $3.07B | $4.01B | $3.99B | $4.88B |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $230.1M | $242.3M | $316.3M | $354.1M | -$1.52B | $420.3M | $336.8M | $348.7M | $533.7M | $550.0M |
| Amortizaciones | $59.3M | $58.0M | $52.3M | $43.3M | $37.5M | $31.5M | $28.3M | $144.3M | $149.9M | $141.0M |
| Compensación en Acciones | $9.8M | $9.6M | $7.5M | $8.4M | $9.3M | $10.9M | $9.8M | $18.1M | $20.4M | $33.0M |
| Cambio en Capital Circulante | -$45.7M | -$69.8M | -$37.9M | -$138.3M | -$200.7M | $143.8M | $399.8M | -$119.1M | -$40.4M | -$154.0M |
| Flujo de Caja Operativo | $415.2M | $515.5M | $505.2M | -$80.5M | $93.8M | $662.7M | $1.07B | $669.8M | $658.9M | $746.0M |
| Inversiones (CapEx) | -$30.3M | -$4.3M | -$9.0M | -$12.7M | -$12.0M | -$15.5M | -$27.1M | 0 | -$35.7M | -$40.0M |
| Adquisiciones | 0 | 0 | -$35.2M | -$44.6M | -$171.4M | $10.8M | 0 | $274.6M | 0 | $874.0M |
| Recompra de Acciones | -$17.7M | -$8.6M | -$13.0M | -$7.3M | -$8.7M | -$80.7M | -$4.2M | -$6.3M | -$5.7M | -$109.0M |
| Dividendos Pagados | -$141.1M | -$145.4M | -$173.9M | -$185.1M | -$185.0M | -$183.7M | -$182.3M | -$270.3M | -$300.2M | -$335.0M |
| Flujo de Caja Libre | $384.9M | $511.2M | $496.3M | -$93.2M | $81.8M | $647.2M | $1.04B | $669.8M | $623.2M | $706.0M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $236.2M | $281.0M | $494.0M | $295.0M |
| Inversiones (CapEx) | $22.0M | -$22.2M | -$17.0M | -$7.0M |
| Flujo de Caja Libre | $258.2M | $258.8M | $477.0M | $288.0M |
| Dividendos Pagados | -$75.5M | -$109.0M | -$107.0M | -$105.0M |
| Compensación en Acciones | $6.8M | $10.0M | $10.0M | $9.0M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +1.4% | +10.1% | +9.2% | -3.1% | -7.5% | +2.2% | +103.6% | +8.1% | +8.3% |
| Crecimiento Beneficio Neto (anual) | | +5.3% | +30.5% | +12.0% | -530.2% | +127.6% | -19.9% | +3.6% | +53.0% | +3.1% |
| Crecimiento BPA (anual) | | +5.7% | +28.6% | +11.8% | -529.8% | +127.7% | -19.3% | +15.5% | +43.0% | -9.8% |
| Cambio en Acciones (anual) | | -0.0% | -0.0% | -0.0% | -0.2% | -0.3% | -1.0% | -9.9% | +6.9% | +41.8% |
| Crecimiento FCF (anual) | | +32.8% | -2.9% | -118.8% | +187.8% | +691.4% | +60.4% | -35.5% | -7.0% | +13.3% |
| Margen Bruto | 91.1% | 89.7% | 86.3% | 80.8% | 76.5% | 100.0% | 88.0% | 65.0% | 61.5% | 67.7% |
| Margen Operativo | 29.9% | 28.5% | 31.4% | 31.9% | -102.2% | 42.3% | 33.4% | 17.2% | 24.2% | 23.4% |
| Margen EBITDA | 34.8% | 33.3% | 35.3% | 34.8% | -99.6% | 44.7% | 35.5% | 22.4% | 29.3% | 27.9% |
| Margen Neto | 19.1% | 19.8% | 23.5% | 24.1% | -106.9% | 31.9% | 25.0% | 12.7% | 18.0% | 17.1% |
| Margen FCF | 31.9% | 41.8% | 36.9% | -6.3% | 5.7% | 49.1% | 77.0% | 24.4% | 21.0% | 22.0% |
| Tasa Impositiva Efectiva | 36.3% | 30.6% | 25.2% | 24.5% | -4.6% | 24.7% | 25.3% | 26.0% | 25.7% | 24.5% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $1.74 | $2.31 | $2.25 | $-0.42 | $0.37 | $2.95 | $4.77 | $3.42 | $2.98 | $2.38 |
| Dividendo por Acción | $0.64 | $0.66 | $0.79 | $0.84 | $0.84 | $0.84 | $0.84 | $1.38 | $1.43 | $1.13 |
| Acciones en Circulación (Básicas) | $220.3M | $220.3M | $220.3M | $220.3M | $220.2M | $219.0M | $217.0M | $195.3M | $208.5M | $295.4M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 9.22% |
| Rentabilidad sobre capital invertido | 5.47% |
| Rentabilidad sobre activos | 1.09% |
| Margen bruto | 70.97% |
| Margen operativo | 26.78% |
| Margen neto | 19.96% |
Salud financiera
| Deuda / Patrimonio | 0.65 |
| Ratio corriente | 0.01 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 0.12 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 42.15 | 38.79 | 25.20 | 25.27 | -5.19 | 17.04 | 19.44 | 14.91 | 10.55 | 12.10 |
| P/VC | 2.51 | 2.41 | 1.97 | 2.08 | 2.92 | 2.61 | 2.64 | 1.04 | 1.10 | 1.05 |
| P/V | 8.16 | 7.82 | 5.94 | 6.10 | 5.55 | 5.44 | 4.85 | 1.90 | 1.90 | 2.57 |
| Margen Bruto | 91.1% | 89.7% | 86.3% | 80.8% | 76.5% | 100.0% | 88.0% | 65.0% | 61.5% | 67.7% |
| Margen Operativo | 29.9% | 28.5% | 31.4% | 31.9% | -102.2% | 42.3% | 33.4% | 17.2% | 24.2% | 23.4% |
| Margen Neto | 19.1% | 19.8% | 23.5% | 24.1% | -106.9% | 31.9% | 25.0% | 12.7% | 18.0% | 17.1% |