Retirement follows successful integration and systems conversion of Northwest's two premier banks LAKE OSWEGO, Ore., Feb. 26, 2024 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), today announced the retirement of Eric Eid, Chief Integration Officer, effective April 1, 2024. Eid's retirement follows the recent closing of the bank's Integration Management Office, a division he co-led in support of the merger between Columbia Bank and Umpqua Bank. Eid Joined Columbia B ...

The Volcker Rule The Dodd-Frank Act prohibits banks and their affiliates from engaging in proprietary trading and investing in and sponsoring hedge funds and private equity funds. The statutory provision is commonly called the "Volcker Rule." The Volcker Rule does not significantly impact the operations of the Company and the Bank, as we do not have any significant engagement in the businesses prohibited by the Volcker Rule. 21 Table of Contents Interchange Fees The Company is subject to rules governing int ...

TACOMA, Wash., Feb. 9, 2024 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia"  Nasdaq: COLB), parent company of Umpqua Bank, today announced its Board of Directors has approved a quarterly cash dividend in the amount of $0.36 per common share, payable March 11, 2024, to shareholders of record as of February 23, 2024. "The fundamental strength of our franchise has enabled us to pay a steady dividend to our shareholders while continuing to increase our capital ratios," commented Clint Stein, President ...

Shares of Columbia Banking System (COLB -21.14%) fell 21% on Thursday after the parent company of Umpqua Bank on Wednesday delivered disappointing fourth-quarter 2023 results relative to Wall Street's expectations.On Columbia Banking's profit headwindsOn the bottom line, Columbia Banking's fourth-quarter operating earnings declined 43% year over year, to $0.44 per share, arriving significantly below consensus estimates for $0.79.Columbia Banking CEO Clint Stein called it a "noisy" quarter, as lower expenses ...

Columbia Banking System, Inc. (NASDAQ:COLB) Q4 2023 Earnings Conference Call January 24, 2024 5:00 PM ET Company Participants Jacque Bohlen - Investor Relations Director Clint Stein - President and Chief Executive Officer Ron Farnsworth - Chief Financial Officer Frank Namdar - Chief Credit Officer Tory Nixon - President, Umpqua Bank Chris Merrywell - President, Umpqua Bank Conference Call Participants David Feaster - Raymond James Timur Braziler - Wells Fargo Brandon King - Truist Chris McGratty - KBW Jeff ...

For the quarter ended December 2023, Columbia Banking (COLB) reported revenue of $519.16 million, up 173.2% over the same period last year. EPS came in at $0.44, compared to $0.93 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $531.1 million, representing a surprise of -2.25%. The company delivered an EPS surprise of -45.00%, with the consensus EPS estimate being $0.80.While investors scrutinize revenue and earnings changes year-over-year and how they compare with W ...

4 th Quarter 2023 Earnings Presentation January 24, 2024 2 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 ...

In its upcoming report, Columbia Banking (COLB) is predicted by Wall Street analysts to post quarterly earnings of $0.80 per share, reflecting a decline of 14% compared to the same period last year. Revenues are forecasted to be $531.1 million, representing a year-over-year increase of 179.5%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahe ...

The following tables present the amortized cost, unrealized gains, unrealized losses, and approximate fair values of debt securities as of the dates presented: The Company elected to exclude accrued interest receivable from the amortized cost basis of debt securities disclosed throughout this note. Interest accrued on investment securities totaled $33.6 million and $10.6 million as of September 30, 2023 and December 31, 2022, respectively, and is included in Other Assets. | --- | --- | --- | --- | --- | --- ...

Columbia Banking System, Inc. (NASDAQ:COLB) Q3 2023 Earnings Conference Call October 18, 2023 5:00 PM ET Company Participants Jacque Bohlen - Investor Relations Director Clint Stein - President and Chief Executive Officer Ron Farnsworth - Chief Financial Officer Frank Namdar - Chief Credit Officer Chris Merrywell - President, Umpqua Bank Tory Nixon - President, Umpqua Bank Conference Call Participants Jeff Rulis - D.A. Davidson David Feaster - Raymond James Timur Braziler - Wells Fargo Brody Preston - UBS C ...