Columbia Banking System Earnings Reports

Columbia Banking System reported a net income of $143 million for Q4 2024, with operating earnings per diluted common share at $0.71. The results reflect progress towards top-quartile performance through expense optimization, improved pricing, and strategic investments.

Columbia Banking System reported a net income of $146 million and operating net income of $143 million for the third quarter of 2024. The company's results reflect a 25% reduction in costs over the past 18 months and solid core deposit growth.

Columbia Banking System reported second quarter results reflecting progress on targeted actions to improve financial performance and drive shareholder value. The successful execution of identified changes following enterprise-wide evaluations resulted in a lower recurring expense run rate and increased stabilization in the cost of customer deposits.

Columbia Banking System reported first quarter 2024 results with earnings per diluted common share of $0.59 and operating earnings per diluted common share of $0.65. The company's net interest income was $423.362 million and non-interest income was $50.357 million. The company focused on expense management and stabilizing deposit costs.

Columbia Banking System reported fourth quarter 2023 results, with net income of $94 million, or $0.45 per diluted common share. The quarter was impacted by a $33 million FDIC special assessment and some one-time expense items. Net interest income decreased to $454 million due primarily to higher deposit costs. The company is focusing on optimizing performance and driving shareholder value.

Columbia Banking System reported a net income of $136 million, or $0.65 per diluted common share, and operating net income of $164 million, or $0.79 per diluted common share. The results highlight stabilizing customer deposit trends, relationship-driven growth in the loan portfolio, and customer-based fee income. The company achieved $140 million in annualized net merger-related cost savings through quarter end.

Columbia Banking System reported second quarter 2023 results with a net income of $133 million, or $0.64 per common share, and operating net income of $169 million, or $0.81 per common share. The company's consolidated asset balances were $54 billion at quarter end, with loan balances of $37 billion and deposit balances of $41 billion. Estimated CET1 and total capital ratios were 9.1% and 11.1% at quarter end.

Columbia Banking System reported a net loss of $(14) million, or $(0.09) per common share, for the first quarter of 2023. Operating net income was $72 million, or $0.46 per common share. The results were impacted by purchase accounting adjustments and merger-related expenses, but the company successfully closed its merger with Umpqua Holdings Corporation and completed its core systems conversion.