UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended: June 30, 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) Washington 91-1422237 (State or Other Jurisdi ...

For the quarter ended June 2024, Columbia Banking (COLB) reported revenue of $472.15 million, down 9.8% over the same period last year. EPS came in at $0.67, compared to $0.81 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $474.8 million, representing a surprise of -0.56%. The company delivered an EPS surprise of +17.54%, with the consensus EPS estimate being $0.57. Net charge-offs to average loans outstanding: 0.3% versus the five-analyst average estimate of 0.4%. ...

Columbia Banking System, Inc. (NASDAQ:COLB) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Jackie Bohlen - Investor Relations Director Clint Stein - President and Chief Executive Officer Ronald Farnsworth - Executive Vice President and Chief Financial Officer Frank Namdar - Executive Vice President and Chief Credit Officer Torran Nixon - President, Commercial Banking of Umpqua Bank Christopher Merrywell - President, Consumer Banking of Umpqua Bank Conference Call Participants ...

Columbia Banking shares have lost about 12.4% since the beginning of the year versus the S&P 500's gain of 13.8%. Columbia Banking (COLB) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of t ...

EXHIBIT 99.1 | --- | --- | --- | --- | |---------------------------|-------------------------------------------|--------------------------------------------------------|------------------------------------------------| | COLUMBIA \n$120 million | BANKING SYSTEM, INC. \n$140 million | REPORTS SECOND QUARTER \n$0.57 | 2024 RESULTS \n$0.67 | | Net income | 1 | Operating net income Earnings per diluted common share | Operating earnings per diluted common share 1 | 2Q24 HIGHLIGHTS (COMPARED TO | --- | --- | --- ...

In addition to results presented in accordance with GAAP, this presentation contains certain non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in the Appendix. Headquarters Tacoma, Washington Common Equity Tier 1 Capital Ratio 9.9%(1) ■ In-market, relationship-based commercial banking ■ Full suite of deposit products and services with contemporary digital capabilities ■ Expanding small business platform ■ Comprehensive and growing wealth advisory and trust businesses (1) ...

Analysts on Wall Street project that Columbia Banking (COLB) will announce quarterly earnings of $0.57 per share in its forthcoming report, representing a decline of 29.6% year over year. Revenues are projected to reach $474.8 million, declining 9.3% from the same quarter last year. Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has ...

TACOMA, Wash., June 28, 2024 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia"Nasdaq: COLB), parent company of Umpqua Bank, today announced it will release second quarter 2024 financial results on Thursday, July 25, 2024, after market close. The Company will host a conference call for investors and analysts at 2:00 p.m. PT (5:00 p.m. ET) that same day. During the call, management will discuss Columbia's second quarter 2024 financial results and provide an update on recent activities. There will be a ...

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LAKE OSWEGO, Ore., June 13, 2024 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System, Inc. (Nasdaq: COLB), today released the findings of its annual Business Barometer, an in-depth study into the mood, mindset and strategic priorities of small and middle market businesses across the U.S. For the first time in its six-year history, the study shows a widening gap between the outlook and plans of middle market companies and small businesses. Middle market optimism and key growth indicators hav ...