Columbia Banking System(COLB) - 2025 Q2 - Earnings Call Presentation

Financial Performance Highlights - The company's reported net income for the second quarter of 2025 was $152 million, with an operating net income of $160 million[42] - Pre-Provision Net Revenue (PPNR) for Q2 2025 was $233 million (reported) and $242 million (operating)[42] - The company's Return on Assets (ROA) was 1.19% (reported) and 1.25% (operating) for Q2 2025[42] - The Return on Tangible Common Equity was 16.03% (reported) and 16.85% (operating) for Q2 2025[42] - Net interest margin increased 15 basis points from the prior quarter to 3.75% for Q2 2025[88] Balance Sheet and Loan Portfolio - Total assets were $52 billion, loans were $38 billion, and deposits were $42 billion as of June 30, 2025[9] - Deposits were $42 billion as of June 30, 2025, with an average customer account balance of $36 thousand[46] - The total available-for-sale (AFS) securities portfolio had a book yield of 3.70% and an effective duration of 5.0 as of June 30, 2025[51] - Loans secured by office properties represented 8% of the total loan portfolio as of June 30, 2025[74] Acquisition of Pacific Premier Bancorp - The acquisition of Pacific Premier Bancorp is expected to close as early as September 1, 2025, creating a company with ~$70 billion in assets[31] - Pacific Premier stockholders will receive 0.9150 of a Columbia share for each Pacific Premier share in a 100% common stock transaction[31] - The acquisition is expected to be 14% accretive to 2026E EPS[31]