Columbia (Nasdaq: COLB) is headquartered in Tacoma, Washington and is the parent company of Umpqua Bank, an award-winning western U.S. regional bank based in Lake Oswego, Oregon. Umpqua Bank is the largest bank headquartered in the Northwest and one of the largest banks headquartered in the West with locations in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington. With over $50 billion of assets, Umpqua Bank combines the resources, sophistication, and expertise of a national bank wit ...

Core Insights - Umpqua Bank has opened its first retail branch and commercial office in Denver, Colorado, marking a significant step in its expansion strategy across the Western U.S. [1][3] - The bank's growth in Colorado builds on its initial market entry in 2022, focusing on commercial real estate services and expanding its offerings to include private banking and wealth management [1][3][4] Expansion Strategy - The new Denver location includes a 7,500 square foot commercial space and a 2,600 square foot retail branch, demonstrating the bank's commitment to supporting a wide range of customer banking needs [4][5] - Umpqua Bank plans to open another commercial and retail location in Colorado Springs later in 2025, indicating ongoing expansion efforts in the state [6] Community Engagement - Umpqua Bank actively contributes to local communities, with the Umpqua Bank Charitable Foundation donating a total of $60,000 to various organizations in Denver [7] - An additional $25,000 was donated to the Denver Indian Family Resource Center to support tribal and indigenous communities [8] Company Overview - Umpqua Bank, a subsidiary of Columbia Banking System, Inc., has over $50 billion in assets and operates nearly 300 branches across eight western states [9] - The bank has been recognized for its exceptional customer service and community involvement, being named one of "Oregon's Most Admired Companies" for 20 consecutive years [10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to . Commission file number: 000-20288 COLUMBIA BANKING SYSTEM, INC. (Exact name of registrant as specified in its charter) of Incorporation or Organization) Washington 91-1 ...

Core Viewpoint - Columbia Banking System, Inc. is actively participating in upcoming financial conferences, showcasing its leadership and strategic direction in the banking sector [1][2]. Company Overview - Columbia Banking System, Inc. (Nasdaq: COLB) is headquartered in Tacoma, Washington, and is the parent company of Umpqua Bank, which is recognized as the largest bank in the Northwest and one of the largest in the West [3]. - Umpqua Bank has over $50 billion in assets and offers a comprehensive range of services, including retail and commercial banking, Small Business Administration lending, institutional and corporate banking, and equipment leasing [3]. - The bank also provides investment and wealth management services through Columbia Wealth Advisors and Columbia Trust Company, enhancing its service offerings to consumers and businesses [3].

Financial Data and Key Metrics Changes - The fourth quarter results indicate a year of financial and organizational performance improvement, showcasing an optimized expense base and fine-tuned pricing strategies [6]. Business Line Data and Key Metrics Changes - Specific data and metrics for each business line were not detailed in the provided content. Market Data and Key Metrics Changes - Market data and metrics were not explicitly mentioned in the provided content. Company Strategy and Development Direction - The company emphasizes targeted franchise investments as part of its strategic direction, indicating a focus on enhancing operational efficiency and market positioning [6]. Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of the optimized expense base and pricing strategies in navigating the current operating environment, suggesting a positive outlook for future performance [6]. Other Important Information - The call included forward-looking statements subject to risks and uncertainties, with references to non-GAAP financial measures [4]. Q&A Session Summary - The Q&A session details were not provided in the content.

Financial Performance - Columbia Banking reported revenue of $487.12 million for the quarter ended December 2024, a year-over-year decline of 6.2% [1] - EPS for the quarter was $0.71, compared to $0.44 a year ago, representing a significant increase [1] - The revenue was slightly below the Zacks Consensus Estimate of $491.6 million, with a surprise of -0.91% [1] - EPS exceeded the consensus estimate of $0.65, with a positive surprise of +9.23% [1] Key Metrics Analysis - Efficiency Ratio: 54.6% versus the four-analyst average estimate of 53.8% [4] - Net Interest Margin: 3.6%, matching the four-analyst average estimate [4] - Net charge-offs to average loans outstanding: 0.3%, in line with the four-analyst average estimate [4] - Average Balance - Total interest earning assets: $47.87 billion, slightly below the four-analyst average estimate of $48.46 billion [4] - Total non-performing assets: $169.56 million, below the three-analyst average estimate of $174.59 million [4] - Total non-performing loans and leases: $166.89 million, above the three-analyst average estimate of $149.31 million [4] - Net Interest Income: $437.37 million, exceeding the four-analyst average estimate of $432.64 million [4] - Total noninterest income: $49.75 million, below the four-analyst average estimate of $59 million [4] - Service charges on deposits: $18.40 million, slightly below the three-analyst average estimate of $18.90 million [4] - Net interest income (FTE): $438.42 million, exceeding the three-analyst average estimate of $433.93 million [4] - Financial services and trust revenue: $5.27 million, slightly below the three-analyst average estimate of $5.30 million [4] - BOLI income: $4.74 million, exceeding the two-analyst average estimate of $4.28 million [4] Stock Performance - Shares of Columbia Banking have returned +4.4% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently has a Zacks Rank 3 (Hold), indicating it could perform in line with the broader market in the near term [3]

Core Viewpoint - Columbia Banking (COLB) reported quarterly earnings of $0.71 per share, exceeding the Zacks Consensus Estimate of $0.65 per share, and showing an increase from $0.44 per share a year ago, representing an earnings surprise of 9.23% [1][2] Financial Performance - The company posted revenues of $487.12 million for the quarter ended December 2024, which was 0.91% below the Zacks Consensus Estimate and a decrease from $519.16 million year-over-year [2] - Over the last four quarters, Columbia Banking has surpassed consensus EPS estimates four times but has only topped consensus revenue estimates once [2] Stock Performance - Columbia Banking shares have increased approximately 6.5% since the beginning of the year, outperforming the S&P 500's gain of 3.5% [3] Future Outlook - The company's earnings outlook is crucial for investors, including current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $0.64 on revenues of $494.95 million, and for the current fiscal year, it is $2.73 on revenues of $2.03 billion [7] Industry Context - The Zacks Industry Rank indicates that the Banks - West industry is currently in the top 32% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]

4th Quarter 2024 Earnings Presentation January 23, 2025 Disclaimer FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements within the meaning of the "Safe-Harbor" provisions of the Private Securities Litigation Reform Act of 1995, which management believes are a benefit to shareholders. These statements are necessarily subject to risk and uncertainty and actual results could differ materially due to various risk factors, including those set forth from time to time in our filings wit ...

EXHIBIT 99.1 COLUMBIA BANKING SYSTEM, INC. REPORTS FOURTH QUARTER 2024 RESULTS $143 million $150 million $0.68 $0.71 Net income Operating net income Earnings per diluted common share Operating earnings per diluted common share 1 1 CEO Commentary "Our fourth quarter and 2024 results reflect significant strides toward top-quartile performance," said Clint Stein, President and CEO. "Our optimized expense base, improved pricing strategies, and targeted franchise investments have not only strengthened our financ ...

TACOMA, Wash., Jan. 23, 2025 /PRNewswire/ --  $143 million $150 million $0.68 $0.71 Net income Operating net income 1 Earnings per diluted common share Operating earnings per diluted common share 1 CEO Commentary "Our fourth quarter and 2024 results reflect significant strides toward top-quartile performance," said Clint Stein, President and CEO. "Our optimized expense base, improved pricing strategies, and targeted franchise investments have not only strengthened our financia ...