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Dec 31, 2023
Columbia Banking System Q4 2023 Earnings Report
Columbia Banking System reported net income of $94 million, or $0.45 per diluted common share, and operating net income of $91 million, or $0.44 per diluted common share for Q4 2023.
Key Takeaways
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.
Net income of $94 million, or $0.45 per diluted common share
Operating net income of $91 million, or $0.44 per diluted common share
Consolidated asset balances of $52 billion at quarter end
Loan balances of $37 billion and deposit balances of $42 billion at quarter end