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Dec 31, 2024
Columbia Banking System Q4 2024 Earnings Report
Columbia Banking System reported results for the fourth quarter of 2024, marked by net income of $143 million and operating earnings per diluted common share of $0.71.
Key Takeaways
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.
Net interest income increased by $7 million due to lower funding costs offsetting lower interest income.
Net interest margin rose to 3.64%, driven by reduced deposit costs.
Non-interest income decreased by $16 million due to fair value accounting and hedges fluctuations.
Non-interest expense decreased by $5 million due to lower benefits expense.
Forward Guidance
Columbia's 2025 branch plans include opening five additional locations in strategic growth markets, reinvesting savings from 2024's net branch consolidations, and continuing investment in customer-focused technology to enhance service and satisfaction.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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